SP500 technical analysis for today November 10th 2021 using Elliott Wave Theory- The market finally gave us a red day on Tuesday dropping toward our 4660 target before attempting to bounce there. First and foremost they need to hold 4652 ES support. If they can bounce from there we will watch the rally on the SP500. A 3 wave corrective rally that targets the 4685-4692 ES region will look like a B wave and we would expect the C wave down to 4620 ES.

SP500 technical analysis using Elliott Wave Theory is telling us that if they rally in 5 waves over the 4692 area it’s likely we make new all time highs and start the march toward 4800 ES.