SP500 technical analysis and NASDAQ analysis for today April 21st using Elliott Wave Theory- The market pulls back but still can’t break support. Until it does it’s all bull.

SP500 Technical Analysis

SP500 technical analysis is telling us that the SP500 is bullish until we see the support areas break. Right now we have support down to 4120 ES and if that breaks it’s a warning to the bulls. As long as they hold that we should target 4320

However, if the bears If they can break below 4120 then 4100 then we likely see the 3950 area.

NASDAQ Analysis

NASDAQ analysis is telling us that the NASDAQ is still holding support and sitting in a bull flag posture. As long as they hold the a wave low at 12924 we can push directly toward 13500-14000

If they don’t push higher we would look for at the 12700 area for the start of a pullback.