SP500 technical analysis and NASDAQ analysis for today April 25th using Elliott Wave Theory- The market sets up for a breakout. Can it follow through?

SP500 Technical Analysis

SP500 technical analysis is telling us that the SP500 is bullish until we see the support areas break. We now have a bullish setup in place the question is can they follow through. A push to 4179 would be a strong indication we are on our way to the 4200 area in wave 1 of 3 of 5 of 3. Then we would look for one more pullback and a breakout to 4300+

However, for the bears If they can break below 4120 then 4100 then we likely see the 3950 area at a minimum.

NASDAQ Analysis

NASDAQ analysis is telling us that the NASDAQ is trying to setup for a breakout as well. If they can we should see a push to the 13300 area before one more pullback and a breakout to the 14000+ area

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