SP500 technical analysis for today November 16th 2021 using Elliott Wave Theory- The market has moved up off the lows to our pivot point. Now we will be watching to see if they want this to be a B wave or wave 1 of 5 up toward 4800 ES on the SP500. If the bulls want to keep pushing they need to break 4697 ES before we go below 4650 ES.

SP500 technical analysis using Elliott Wave Theory is telling us that if the bears want to push this down in a C wave they need to break 4650 ES before they break 4697.