SP500 Technical Analysis 10-1-24 (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 gave us a more consolidation on Monday as it took a stab lower before closing higher but in range for end of Month/Qtr. From here we are looking for expansion as the market is coiled and ready to move. If they can push over 5830 we would look to 6000+directly

If we see the market break down below yesterday's low then we could look to 5600-5560

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also consolidated on Monday and we are looking for the market to move. If they can push over last Thursday's high we would look to 21000 more directly.

A break of yesterday's low would lead us to the 19200-500 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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[YannDyangu]

Jacob Gabbard, I am truly grateful for your channel and your analysis. The EWT has really changed the game for me and really thank you so much. You really got the “crystal ball” for this 👌👌

[reggiezu]

Yes Yes, Hotness Explode, , very nice colors on you Jaycob.

[DJCJ]

What you have labeled 2 you do not like is 4 of 3
5830 is top of 3
Now wave 4 to 5740 the 23.6 level then up to 5850 to finish

[willaerley]

I think it’s unlikely the big money managers will allow a +20% year to just dump early in the 4th quarter. Once they get their bonuses in December, though, look out below.

[K-zqtp]

When is the big plunge to 3500 coming?? Been wanting to give you major props for this call since Jan.

[Zinnie]

Breakout won't be possible now for some 10 days now.... Issues in the Middle East have escalated.

[atownclub]

Jacob Gabbard - There is a facebook group with either you or someone pretending to be you... They gave your actual link out, and someone else says its a scammer... Can you either confirm or deny its actually you?