SP500 Technical Analysis 12-18-24 (Elliott Wave Theory)

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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 drifted lower into the fed meeting and we now have clearly defined levels. If they break yesterday's low we likely see a dip to the 6020-70 area pretty quickly and a buy from that zone. If that is the case we can see a strong move higher over the next couple weeks.

However if they drop below 6020, we could see a strong dip towards 5950

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ pulled back and has 2 scenarios. First would be a 1,2 setup to the upside in a more direct move to 23000. The second would be a little deeper towards the prior b wave in a bigger B wave then higher.

However, if they break below Tuesday's low at any time we could see 21450 quick and will see how the bulls react there.

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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