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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 we saw the market give us a bounce in the start of a potential wave 2 of iii. This bounce does look like potentially just the A wave targeting 4524 but if it extends over 4526 we could count it as all of 2 of iii and would look for a move down to break the pivot at 4480.
If we break directly below 4480 we could see a direct drop to the 4427 area after that.
NASDAQ Technical Analysis: Navigating Market Waters
Shifting our attention to the NASDAQ, the bulls gave a small bounce in what looks like A of 2 of iii and now we look for continuation higher to complete 2 of iii in the 15530 area. If they do that we would look for resistance to hold and then a sharp selloff to break the pivot at 15345
But if they break 15345 directly then we likely see 15112 in a more direct manner.
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 Facebook and our website linked above.
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