SP500 technical analysis and NASDAQ analysis for today June 16th using Elliott Wave Theory- The market rockets higher into our targets. Can the bulls be stopped?

SP500 Technical Analysis

SP500 technical analysis is telling us that the SP500 pulled back but held support and then took off to our 4440 target. Now we are still looking for a potential 4.5 to take us to the 4070 region as long as they can hold over 4380 SPX

However, if the bears can push through 4380 and then 4336 it may be signal that we have topped in the move up.

NASDAQ Analysis

NASDAQ analysis is telling us that the NASDAQ continues it’s push higher. They pulled back but held support and then hit the 13400 target. They now can pullback and if they hold support they can push to the 15500-600 levels.

However, a break below 15231 and then follow through below 14927 would be signal of a potential top.