SP500 Technical Analysis 10-19-22 (Elliott Wave Theory)

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SP500 technical analysis and NASDAQ analysis for today October 19th using Elliott Wave Theory. The market rallied hard and then closed the gap only to rally again. Are the bulls making a comeback?

SP500 technical analysis is telling us that the market gapped up big then closed the gap and held support. Now they are trying to take out yesterday's high. If they can break above 3777 it is very bullish and we have to watch to see if they stop at the 3822 level. If they do we are more likely in the ABC higher but if they blow through it we could be in a bigger 5 wave rally.

However, if they break Monday's low it's very likely we head toward 3250-3450.

NASDAQ analysis is telling us that the NASDAQ has bullishly rallied again and got a pullback that again held support. The bulls are trying to take out Tuesday's high and if they do it's very bullish. The question will be if they stop at the 1.0 or keep pushing in a more bullish scenario.

However if they break Monday's low we likely look toward 9000-9500

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 10-19-22 (Elliott Wave Theory) канала Invest With Jacob