SP500 technical analysis for today February 2nd using Elliott Wave Theory- The market rallied again on Tuesday putting the bears backs against the wall. The bears need to keep this market below the 4585 region or the case for a lower low is becoming far less likely on the SP500

SP500 technical analysis using Elliott Wave Theory is also telling us that is the bulls push through 4585 ES then it becomes more likely we are headed toward 4770-4800 to complete wave 1 of 5.