SP500 technical analysis and NASDAQ analysis for today April 4th using Elliott Wave Theory- It appears the A wave has completed on both indices and we now look for the B wave bounce.

SP500 technical analysis is telling us that the B wave target for the ES is 4566-4601. If the bulls can push over 4601then they can challenge and make new highs. However assuming they can hold that level, we would look for the C wave down to the 4483-4437 level on the SP500 with 4369 being our line in the sand.

NASDAQ analysis is telling us that its B wave target is 15001-15148. If the bulls can push over 15148 then they can challenge and make new highs. However, assuming they can hold that level we would look for C down to 14583-14370 with 14370 being our line in the sand.

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.