SP500 technical analysis and NASDAQ analysis for today May 13th using Elliott Wave Theory- The bears went for the kill but the bulls punched back. Do they have any horns or is this a dead cat?

SP500 Technical Analysis

SP500 technical analysis is telling us that it’s pretty simple for the bulls. Wherever this wave tops hold support and take out the high of the wave and we are on our way toward 4200+ in either a wave iv bounce or wave 5 toward 5500. However, if they fail at any point we should see a flush down toward 3700-3750 for a bigger wave 4

NASDAQ Analysis

NASDAQ analysis is telling us that the NQ has to hold support off of the high then go back and take out the high. If they can do that then take out 12500-12540 in an impulsive fashion we could be in the rally in the NQ. If not we look at a flush down toward 11500