SP500 technical analysis and NASDAQ analysis for today July 25th using Elliott Wave Theory- The bulls give us the wave 4 pullback on Friday. Now can they hold support for the final push higher?

SP500 Technical Analysis

SP500 technical analysis is telling us that the with the pullback toward our 3942 support region we would expect the bulls to step on for the final push higher toward the 4030-4100 region before we find out if the market intends on trying to complete a diagonal or pulling back in the B wave toward 3800.

However, if the market can’t hold 3918we may have topped in the A wave of B.

NASDAQ Analysis

NASDAQ analysis is telling us that the the pullback tested support and now the bulls will try to push toward 12828. If they do the pullback from that area will be very important in telling us whether we may be looking at the bottom being in or we ultimately have lower to go.

However, they need to hold the 12093 area or they may have topped in A of B.