SP500 technical analysis and NASDAQ analysis for today February 15th 2023 using Elliott Wave Theory- The market pushed higher and held support and now sits in a bullish posture. Can the bulls follow through?
SP500 Technical Analysis
SP500 technical analysis is telling us that the SP500 has pushed higher into 4185 and then held support and began to push higher again. Now we are looking for a push up over 4170 to indicate we are following through to the upside.
However, they break down we could see a deeper wave 2 or a deeper wave B
NASDAQ Analysis
NASDAQ analysis is telling us that the NASDAQ is sitting in a bullish posture and is looking to break out. A push over 12642 would be an indication that we are on our way to 13000+ However it is possible to see a deeper wave 2 or wave B