SP500 technical analysis and NASDAQ analysis for today May 24th using Elliott Wave Theory- The market pulled back as expected and is now in our upper support zone. Can the bulls hold?

SP500 Technical Analysis

SP500 technical analysis is telling us that the SP500 moved down as expected into our upper support area. Right now we would look to hold the 4125-40 area for support and then make the final push to 4300

However, if they break below 4100 it’s a warning to the bulls

NASDAQ Analysis

NASDAQ analysis is telling us that the NASDAQ pulled back toward it’s support area. We would look for them to hold the 13600-13531 area and then push higher for the final wave toward 14400

However, if they break below 13531 it’s a warning to the bulls