SP500 technical analysis and NASDAQ analysis for today August 3rd using Elliott Wave Theory- The market shot lower. Is the top in?

SP500 Technical Analysis

SP500 Technical analysis is telling us that the market shot lower breaking upper support but holding over the 4530 area. From here as long as we are below 4572 we can push down to 4460.

However, if they push back over the pivot we can see a bounce toward 4590 and if they break that 4650

NASDAQ Analysis

NASDAQ analysis is telling us that the NASDAQ has broken another level of support but still has work to do. If they can hit 15341 and stay below the pivot at 15562 we are bearish to 14763

However, if they can push back over 15562 we could see a bounce to 15800