SP500 technical analysis and NASDAQ analysis for today August 30th using Elliott Wave Theory- The market gives us a small bounce but is it all of wave 4?

SP500 Technical Analysis

SP500 technical analysis is telling us that the market gave us an expected bounce to the 4060 area and now we are waiting to see if they are going to push up to the .3832 around 4088 or sell directly down toward 3950.

However, if they push directly over 4114 we have to consider a wave B or the start of wave 5 up.

NASDAQ Analysis

NASDAQ analysis is telling us that we saw a small expected bounce to the 12600 area as expected. now the question is do we get a bigger bounce toward 12700 or sell off directly toward 12250.

However, if they push directly over 12800 we have to consider wave B or the start of 5 up.