SP500 technical analysis and NASDAQ analysis for today October 26th using Elliott Wave Theory- The market pushed up to our 3 of 3 target and is selling a bit after hours. Can the bulls hold support?

SP500 Technical Analysis

SP500 technical analysis is telling us that the market was able to push over the key resistances we talked about yesterday as it moved and almost hit our 3 of 3 target to the penny. From there it has started selling a little and it needs to hold support in the 3785 area. If it can do that and move back over yesterday’s high, we would look for a move to 3917

However, if they break can’t hold 3785 we could see a bigger b wave back toward the 3690 area

NASDAQ Analysis

NASDAQ analysis is telling us that the NASDAQ has pushed higher but isn’t showing the same bullishness as the SP500. They need to hold support and take out yesterday’s high on their way to the 11900 area.

However if they can’t hold support we could see a bigger fall to the 11111-10963 area.