SP500 Technical Analysis 12-11-24 (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 broke down to our first support level and spiked it at 6046. We are now looking at 6000-5950 as a landing spot for the ES with wave 4 of the diagonal. Assuming they follow through we would look at this as a buying opportunity.

However if they rip it back through 6085 then it's likely we head more directly to the 6300 area.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ fell off into it's first major support area. Should they break yesterday's low we would look to the 21150 area next. From there if the bulls can step up we would look for a buying opportunity in wave 5.

However, if they break back over 21600 then 22500-23000 is likely next.

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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