SP500 technical analysis and NASDAQ analysis for today October 27th using Elliott Wave Theory- The market pushed higher in a corrective pattern towards 3900 then sold off. Can the bulls hold support?

SP500 Technical Analysis

SP500 technical analysis is telling us that the market was able to push over the Tuesday high in a 3 wave move that looks like the start of an expanded flat. From there we would look for them to hold 3830-3785 for support and start another leg higher toward 3917-50

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 wasn’t able to push over Tuesday’s high and is in a corrective pullback of it’s own. we are looking for it to hold the 11259 area or higher and then push for another leg up towards the 11900 region.

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