SP500 technical analysis and NASDAQ analysis for today July 22nd using Elliott Wave Theory- The bulls pushed over 4k as expected. Now we expect a pullback and a final push higher from here.

SP500 Technical Analysis

SP500 technical analysis is telling us that the bulls took charge again today pushing the market over 4000 and now looking for the last push up in this C/3 wave. From here we are looking for a pullback toward 3933 then a push higher toward 4030-4100.

However, if the market can’t hold 3911we may have topped in the A wave of B.

NASDAQ Analysis

NASDAQ analysis is telling us that the bulls have pushed over the 12550 target and are now looking to pullback toward the 12300 area then push higher toward 12828. If they can do that then the next pullback will be very important.

However, they need to hold the 12089 area or they may have topped in A of B.