SP500 technical analysis and NASDAQ analysis for today November 9th using Elliott Wave Theory.-The market followed our bullish path pretty well. Now can they hold support and keep the move higher going?

SP500 Technical Analysis

SP500 technical analysis is telling us that the market followed through on our bullish pattern and now needs to hold support and push higher over 3900 to continue the C wave pattern we are expecting. If they can do that we should be on our way toward 4200

However, if they fail to move higher, we could have a C wave down toward 3640 SPX

NASDAQ Analysis

NASDAQ analysis is telling us that the NASDAQ appears to have completed the leading diagonal off of the low. If that is the case they need to hold support above 10777 and then take out the high of the leading diagonal to give a strong indication the pattern up is playing out.

However if they fail we could see a new low around 10200-9500