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 moved lower and is threatening to break under a key upper support area. If the bulls lose 5265 we could see acceleration to the 5215 and have a little more confirmation that a top may be in place.

If they hold 5270 and rally we could see them close the week at the ATHs in the 5400 area.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ broke down but not as strongly as ES and is in a more bullish position. It’s key level is 18600. If they break below that we could see acceleration to 18400

If the they hold 18600 we will look to the 19150 area to close out the week.

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.