SP500 Technical Analysis 9-11-24 (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 gave us a whipsaw kind of day as it rejected 5500 then rallied and closed near that level. We now look at very key 5530 and 5550 levels as first must break for the bulls. If they do that and give us 5 waves we are looking at 5850 sooner than later.

If we see the market hold below and move lower in 5 waves we would look at a potential C wave of B or bigger C wave down.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also traded down before closing near the highs. It needs to get over 19060 to give the bulls a head start and if they can and give us 5 waves we can look to ATHs near 22000.

If the hold below 19060 and give us 5 waves down it could be very ugly for the NASDAQ.

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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[josephklepper]

Try your Wave 4, with this Count : an A Down... Inverted B up top ( 5670.75 ).., .. then C down into the Low ( 5394, perfect ( 50 % ) Looks good too We should be over 5600 :)

[willaerley]

Nice! Is the indicator just EW or is volume or other technicals used? I’ve never been very good as short term trading.

[joezito]

Have you thought about a triangle pattern here

[torstenboehlke]

Bear market starting in December - hardly anyone sees it!!

[TheZlatkoJozic]

Hej Jacob.... I'd like to subscribe to your service but trading futures is a mystery to me. I have a Schwab account. Do you offer any help or can point me in a right direction. Thank you.