SP500 technical analysis and NASDAQ analysis for today March 10th 2023 using Elliott Wave Theory- The market bounces and sells off as the bears take control. How deep can they push?
SP500 Technical Analysis
SP500 technical analysis is telling us that the SP500 bounced then sold off strongly. The bears should look to follow through to the 3880 area before we see a small bounce. Then ultimately down to 3800
However, if the bulls can hold support we would look for a move toward 4100
NASDAQ Analysis
NASDAQ analysis is telling us that the NASDAQ bounced and sold off strongly. We would expect follow through to the 11600 area before a bounce and ultimately 11400.
However, if the bulls can hold support we could see a C wave to 12760