SP500 technical analysis and NASDAQ analysis for today April 20th using Elliott Wave Theory- The market sold lower at the open only to get bought up and close basically flat. Who is in control?

SP500 Technical Analysis

SP500 technical analysis is telling us that the SP500 is bullish until we see the channel or any support break. Until then the expectation is to push through 4200 toward the 4300 area.

However, if the bears If they can break below 4084 then we likely see the 3950 area.

NASDAQ Analysis

NASDAQ analysis is telling us that the NASDAQ is still playing by the rules better than ES. The market is overall bullish but would look better with a pullback. However until they break support the expectation is to push to the 13500+ area.

If they don’t push higher we would look for at the 12840 area for a pullback.