SP500 technical analysis and NASDAQ analysis for today April 27th using Elliott Wave Theory- The SP500 falls, the NQ hold on and GDP looms. What happens next?

SP500 Technical Analysis

SP500 technical analysis is telling us that the SP500 has pushed through support and invalidated the immediate bull move up. They are at a critical level at 4070 and we would expect a potential B wave of A bounce from here toward 4140-50.

However, if the bears can break 4070 and push to 4060 then a move directly to 4020 is more likely.

NASDAQ Analysis

NASDAQ analysis is telling us that the NASDAQ held on and stayed green indicating a potential start to a b wave bounce. If that is the case we would look to the 13144 area for that bounce.

However, if the bears can hold the 13013 area and push down we could see a move to the 12500 area more directly