SP500 technical analysis and NASDAQ analysis for today June 28th using Elliott Wave Theory- The bulls return. Is it short lived or are they here to stay?

SP500 Technical Analysis

SP500 technical analysis is telling us that the SP500 was unable to follow through on the move to the downside and rallied all day. This is looking like our ABC path towards the 4404-4420 area.

However, they have pushed high enough that wave ii/b could be done and we would look for a more direct move down.

NASDAQ Analysis

NASDAQ analysis is telling us that the NASDAQ rallied all day taking back most of yesterday’s losses. They have a nice ABC pattern in play and we would look for them to rally into the 15165-15329 area after a B wave pullback.

However, because the NQ had to play catch up it’s possible its ready for it’s wave 3 of 3 down to start.