SP500 technical analysis and NASDAQ analysis for today June 2nd using Elliott Wave Theory- The market Explodes higher as it takes the bull setup we talked about yesterday. How high can they go?

SP500 Technical Analysis

SP500 technical analysis is telling us that the SP500 Took the setup we explained in yesterday’s video and ar now at a key point. If they pullback and then break through the highs we are well on our way to 4300. If they pullback and fail the highs again it’s likely a wave 5.

However, a break below 4144 should be a strong warning to the bulls that the move up is over

NASDAQ Analysis

NASDAQ analysis is telling us that the NASDAQ exploded higher off of support again and is set to finish it’s push to the 14650-14900 area. We should look for a small pullback then a break back through the highs.

However, a break below 14103 is a warning to the bulls that the move up may be out of gas.