SP500 Technical Analysis 1-24-25 (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 continued to move towards the ATHs. SPY and SPX made ATHS. We are looking for a smaller pullback for a B wave into the 6000-5950 area. Then a continuation of the bull to 6300+

However, if they give us a 5 wave move down we could see a bigger flat into the 5700-5800 area.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also pushed back towards the highs and is at major resistance. We would look for a pullback to the 21400-500 area then continuation to 23000+.

However, if they give us a 5 wave move down we could see a bigger flat into the 20400 area.

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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