Welcome to the captivating world of SP500 technical analysis, where we unlock the secrets of the market using Elliott Wave Theory. Join us on this journey as we delve into the latest insights and trends shaping today’s trading session.

SP500 Technical Analysis

In our SP500 technical analysis using Elliott Wave Theory the market pushed higher in a bigger B wave and is now looking to top in that process. This can be an expanding B wave as it is quite sloppy and has pushed up to the .764 retrace.

We would look for 5285 and 5303 to be the next major resistance zones and potentially even new ATHs but it would still be counted as a B wave.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ has pushed higher in a potential expanded B wave as it is quite sloppy off of the lows and doesn’t really fit the look of a diagonal. We would look for another high and then a sharp downturn.

We have a couple more resistance zones in the 18500 and 18588 regions then they could push to new ATHs but it would still be counted as a B wave.

Stay Informed with Elliott Wave Theory

As we continue our journey through SP500 and NASDAQ technical analysis, guided by the powerful Elliott Wave Theory, our goal is to keep you well-informed about the market’s ever-evolving trends and the abundant opportunities it offers. Think of it as having a trusty compass in the vast sea of trading, helping you navigate through the dynamic landscape of today’s financial markets.

So, stay tuned for more updates and insights, and may your trading journey be as thrilling as the markets themselves.