SP500 technical analysis and NASDAQ analysis for today December 20th using Elliott Wave Theory- The market continued to fall into our target areas. Now it’s time for the bulls to step up. but will they?

SP500 Technical Analysis

SP500 technical analysis is telling us that the SP500 has made some lows on positive divergence which is a good sign a bottom is near. We also have a complete pattern down so we could see a reversal if they can break back over 3955. However, as long as we are under 3925 pressure remains down.

NASDAQ Analysis

NASDAQ analysis is telling us that the NASDAQ has fallen into our target zone and we should look for a reversal soon in the NASDAQ. If they can push it back over 11586 that is bullish to 13000+ However as long as we are below 11473, pressure remains down.