SP500 technical analysis and NASDAQ analysis for today March 24th using Elliott Wave Theory- The market appears to have started it’s wave iv of 3 pullback but we still need to see a complete structure down to the .382

SP500 technical analysis is telling us that the A wave of the pullback may have completed. We would then look for a bounce up to the 4474497 areas and then the C wave down targeting 4410 ES. We would really like to hold the 4378 but we could allow 4369 on the SP500.

NASDAQ analysis looks to have completed a flat ABC for wave A of iv of 3. We now look for a B wave bounce to the 14568-14632 level then a C wave down targeting the 14224 area. We would definitely like to see 14079 hold the pullback if it get’s through the .382

SP500 technical analysis and NASDAQ analysis using Elliott Wave Theory is also telling us that if the pivots can’t hold that is an indication of a failed move higher and we could see lower lows pretty quickly.