NASDAQ and SP500 technical analysis for today February 10th using Elliott Wave Theory- The NASDAQ and SP500 both rallied on Wednesday into the close giving the bulls the ball. They took out some key levels and now we are looking for follow through.

On the SP500 the bulls are dbl topping and need to find a small pullback and push through the 4586 high toward 4606.

For the NASDAQ they it has a bit more work to do. It was unable to push through the .764 retrace at 15048. It needs to push through that and ultimately the 15260 level to give us a bullish look on both charts.

NASDAQ SP500 technical analysis using Elliott Wave Theory is also telling us that if the if the bears want to make a move down they need to act soon and the CPI may be their chance.