SP500 Technical Analysis 6-21-23 (Elliott Wave Theory)

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SP500 technical analysis and NASDAQ analysis for today June 21st using Elliott Wave Theory- The market sell on Friday and into Tuesday. Are the bulls in trouble?

SP500 Technical Analysis

SP500 technical analysis is telling us that the SP500 pulled back into support at the close on Friday and broke support on Tuesday. This is upper support and the bears still have a lot of work to do. Right now we have a potential 5 waves down from the top and an ABC up starting. As long as the bears can hold under 4420 they can push down and break some key support starting with 4337 SPX.

However, if the bulls can push back over the current high we could see a direct move to 4500+

NASDAQ Analysis

NASDAQ analysis is telling us that the NASDAQ started a pullback on Friday and sold through upper support on Tuesday. Now as long as the bears can hold under 15347 we can look for a break of 14976 to the downside.

However, if the bulls can hold 14976 and take out Friday's high we can see a direct move to the 16000+

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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[claytondeanshrum]

I’ve seen this guy call the whole year to a tee, very impressive

[AnthonysTradingChannel]

Your video was good! Thanks for sharing it with us.

[willaerley]

Thanks! Seems like every week, there’s a new hype trade. From AI to Tesla and now Bitcoin. Eventually, the tide will turn.

[juliosanders]

Jacob? Entertain my humor please I'm new to this but. Where you have labeled 1 could it be we have an expanded flat for a b and we are in the c up right now?

[Consistenttrades]

You are already a rockstar. Even though people like me did bullshit to you from October till recently, now I can you will be motherfucker rockstar if we go down for C.

This would be the most correct analysis on youtube in the last few years!

[oneclearview.]

Still excess liquidity in the system. It takes longer than you think it would, then happens faster than you thought it could. Unfortunately, all too many people don't stop racking up debt and spending...until it's literally impossible for them to continue. 📈📉🌊🏄‍♂️🤙