SP500 technical analysis and NASDAQ analysis for today November 23rd using Elliott Wave Theory- The bears got rejected at support and the bulls push higher. Can they take us up to a new November high?

SP500 Technical Analysis

SP500 technical analysis is telling us that the bulls are pushing against resistance. As long as the bears can hold it under 4019 then we should see a push down to the3850 area to start a bigger B wave down.

However, a break over 4019 area would make us look at wave 5 at 4150 before a strong pullback.

NASDAQ Analysis

NASDAQ analysis is telling us that the NASDAQ made a new low to build off of. Now they look to hold it under to 11843 and push dow11100 area in the B wave lower.

However if they break over 11977 we should see a move toward 12300 before a strong pullback.