SP500 technical analysis and NASDAQ analysis for today March 25th using Elliott Wave Theory- The bulls decided to buck the pullback and extend the rally today leaving the shorts in it’s wake. This is why I say don’t short wave 3’s.

SP500 technical analysis is telling us that the market has decided to push higher and needs to find a top and start a pullback to test the pivot. This may not happen tomorrow as the bulls love Fridays. If they do start to pullback we need to hold either the .382 the .5 or the top of the pivot on the SP500.

NASDAQ analysis Is telling us that they also extended in wave 3 and need to pullback and test the pivot. Once they start the pullback they would look to hold the .382 the .5 or the bottom of the pivot in order to keep the bull move intact. SP500 technical analysis and

NASDAQ analysis using Elliott Wave Theory is also telling us that if the pivots can’t hold that is an indication of a failed move higher and we could see lower lows pretty quickly.