SP500 technical analysis and NASDAQ analysis for today June 14th using Elliott Wave Theory- The market continued to push higher toward the 1.0. Can the bulls push into FED day?

SP500 Technical Analysis

SP500 technical analysis is telling us that the SP500 pulled back in wave 4 and then pushed towards the1.0 ext around 4373. From there they consolidated in what could be considered a wave 4 and as long as they hold 4344 they can push to the 4400-4420 area.

However, if the bears can push through 4344 and then 4335 it may be signal that we have topped in the move up.

NASDAQ Analysis

NASDAQ analysis is telling us that the NASDAQ rallied into our 15060-291 area and then pulled back. Now as long as they hold over 14927 they can push up to the 15291 target area.

However, a break below 14927 and then follow through below 14865 would be signal of a potential top.