SP500 technical analysis and NASDAQ analysis for today April 13th using Elliott Wave Theory- The market popped and dropped as the bears showed up late. Can they take control?

SP500 Technical Analysis

SP500 technical analysis is telling us that the SP500 pushed higher over the 4172 area before selling off much of the rest of the day. We are looking at the market testing 4100 and if we bounce we would look for a b wave and if we break through we would look for 4050-60

However, If they can break out over the 4155 area we may see one more high in the 4195 area.

NASDAQ Analysis

NASDAQ analysis is telling us that the NASDAQ a new b wave high and looks to have started C down. If they break through the 12921 area we would look for a move tot he 12872 area before a small bounce and continuation to the 12713 area.

However, if they can bounce the 12921 area it we can see a slightly bigger B wave toward 13250