SP500 technical analysis and NASDAQ technical analysis for today March 21st using Elliott Wave Theory- The bulls continued to rally into the quad witching end of the week closing near the highs and keeping our wave 3 of 1 analysis right on track. It’s now pretty cut and dry from here on the SP500 and the NASDAQ.

SP500 technical analysis is telling us that the bulls have enough for a 3 of 3 in place but could easily push higher toward the 1.236 ext at 4516.75 on the ES. Whenever this move up tops and starts to pullback that will be the key. As long as the bulls can hold the pivot at 4323 and push higher to take out the 3 of 3 high then it’s a strong sign for the bulls on the SP500.

NASDAQ technical analysis is now again lining up pretty will with the SP500. They have enough in place for 3 of 3 but could push higher toward the 1.236 ext at 14601. When they do top and pullback in this wave the pivot will be the key. If the bulls can hold 14034 and move up over the 3 of 3 high that is a strong sign for the tech bulls.

SP500 technical analysis and NASDAQ technical analysis using Elliott Wave Theory is also telling us that if the pivots can’t hold that is an indication of a failed move higher and we could see lower lows pretty quickly.