SP500 technical analysis and NASDAQ analysis for today February 6th 2023 using Elliott Wave Theory- The market started pulling back on Friday. Now can the bulls hold support?

SP500 Technical Analysis

SP500 technical analysis is telling us that the SP500 pushed up to our 4207 target then pulled back as expected. We are now looking for support to hold the 4110-4087 zone and then a launch toward 4300.

However, they break below 4054 we could see a diagonal play out for this C wave.

NASDAQ Analysis

NASDAQ analysis is telling us that the NASDAQ started pulling back toward our 12490-12330 area where we expect support to hold. Then we would expect them to push toward 13300.

However if they break the 12322 we could see a diagonal play out on the NQ