SP500 technical analysis and NASDAQ analysis for today December 21st using Elliott Wave Theory- The market fell in the overnights but found support and rallied and continued to rally into the Tuesday After hours. Are the bulls back?

SP500 Technical Analysis

SP500 technical analysis is telling us that the SP500 has fallen into our support zone and then started to bounce. I have some issues with the bounce so it’s possible this is wave 4 of C but we will have to see if resistance holds. If they can push back over 3944 it’s very likely the bulls are in control toward 4300+

However, as long as we are under 3910 pressure remains down.

NASDAQ Analysis

NASDAQ analysis is telling us that the NASDAQ has fallen into our target zone however the bounce definitely has some issues so we need to see if they able to push through key resistance. If they can push over 11554 then it’s likely the bulls are back toward the 13000+ area.

However as long as we are below 11434, pressure remains down.