SP500 Technical Analysis 1-26-23 (Elliott Wave Theory)

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SP500 technical analysis and NASDAQ analysis for today January 26th using Elliott Wave Theory- The market gapped down and held support and rocketed higher giving us an indication we are starting 3 of 3

SP500 Technical Analysis

SP500 technical analysis is telling us that the SP500 fell down into our wave 2 support area and held before we saw a strong reversal and hammer candle on the daily candle setting us up for the wave iii of 3 breakout. We are looking for a break over 4090 to indicate a move to the 4207 area.

However, they breakdown we would look for a bigger C wave toward the 3940 area.

NASDAQ Analysis

NASDAQ analysis is telling us that the NASDAQ also gapped down and held support and shot higher. Now we are looking for a break over 12083 to indicate a move 12560 in a direct fashion.

However it's also possible if they break down and we see a C wave down to the 11500 area.

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 Facebook and our website linked above.

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[TheTranquilTrader]

New here. Backtracking your videos. Impressive.

[Quantumfuturestrader]

Up and down or down and up. Candle by candle . Yesterday was great traded both sides after us open.

[willaerley]

Thanks! My biggest concern is the Fed. We should be fine if they stick to the script, but you never know.

[timkrouse]

Jacob is the best Elliott wave trader I've encountered. He uses options and hedging to make sure we profit no matter which count plays out. His service is the BEST investment you'll ever make.

[CoeCanCook]

Jacob, your big picture video a year ago predicted a top of 6000 on S&P. What is your S&P top prediction now?

[MKpixelfan]

Can you do an analysis on a weekly timeframe for S&P500?

[Darawsheh]

What another alternatives for SPX? Bearish ones!
Because the chart right now is bullish and the fed announcement on 1st of Feb so i'll be surprised if they move the market before that time

[parveensayela]

Hi Jacob

Are your videos meant for daily outcomes? For example when you say nasdaq will go towards 4200 is that today or in few days. Thanks in advance

[MrCorvetteftw]

Great content but we literally can’t see anything. I looks like your drawing constellations on a blank sheet.