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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 into our next target areas. We are still looking for 5655 ES or 5600SPX as a potential rejection zone. As always until support breaks the bulls are in control

If the bears can break 5530 followed by 5610 then 5585 then 5520 we would look for continuation and acceleration to the downside.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also pushed higher and the QQQ hit 500 exactly and rejected. It was weaker all day and we are looking for a potential top soon. If they do push higher we would look to 20910 next.

If the bears can break 20535 20350 then 19715 then the bears can accelerate and look lower.

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.

SP500 technical analysis and NASDAQ analysis using Elliott Wave Theory is the most accurate way to define targets for the market. Check us out on Instagram and our website linked above.

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