SP500 technical analysis and NASDAQ analysis for today April 11th using Elliott Wave Theory- The market tested last weeks lows and held. Can the bulls push higher?

SP500 Technical Analysis

SP500 technical analysis is telling us that the SP500 bounced off of last weeks lows in what could be a couple different looks . If they take out the b wave high then it could be a b wave into the 4155 area. If they cannot take out the b wave high it could be a wave 2 in C both targeting the 4050-4060 area on a pullback.

However, If they can break over 4155 then it’s likely we make a new high in the 4195-4200 area.

NASDAQ Analysis

NASDAQ analysis is telling us that the NASDAQ also bounced off of it’s low from last week and can either be in a larger b wave to 13250 or a wave 2 of C. Both of which would resolve in the 12740 area on the expected pullback.

However, they can try to make one more push to the 13400-500 area.