SP500 Technical Analysis 2-2-23 (Elliott Wave Theory)

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SP500 technical analysis and NASDAQ analysis for today February 2nd 2023 using Elliott Wave Theory- The market rallied higher in the face of the FED. Can they continue the bullish momentum?

SP500 Technical Analysis

SP500 technical analysis is telling us that the SP500 is currently pushed over our minimum target of 4150 and is looking to extend toward 4200. As long as we remain above 4054 the patten to 4300 remains intact.

However, they break below 4054 we could see a rapid selloff.

NASDAQ Analysis

NASDAQ analysis is telling us that the NASDAQ broke out to 12500 and is looking to extend to 12561-12700. If it does we would look for a pullback toward the 12083 area. As long as we stay over 11935 the path to 13000+ is intact

However if they break the 11935 area we could see a rapid selloff.

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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Видео SP500 Technical Analysis 2-2-23 (Elliott Wave Theory) канала Invest With Jacob