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SP500 Technical Analysis 10-13-23 (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 broke both the bull and bear pivots and now is a time to sit back and let the market tell us who is going to win out. Overall the bulls want to hold over 4300 and push higher toward 4490 to complete 5 up and if they can we would look for a sharp retrace.

If however, we break down below 4300 we could see sharp selling down to the 4096 area to complete a bigger bear diagonal to the downside.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ is a little more complicated for the move off of the lows due to the potential truncated 5th. If that is the case we would look for another push towards the 15500-600 area to complete 5 up. Then we would look for a sharp retrace from there.

However, if the bears can push down through yesterday's low we would potential be looking at a sharp selloff to the 13878 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 Facebook and our website linked above.

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