SP500 technical analysis for today November 22th 2021 using Elliott Wave Theory- The market gave us a head fake of a breakout toward 4800 and pulled back on Friday. However we held a support and are making an attempt to push higher. For the bulls we need to break 4714 then 4724 and 4732 ES to confirm our breakout in wave 3 of 3 on the SP500.

SP500 technical analysis using Elliott Wave Theory is telling us that the key level to the downside is 4645 ES. As long as we hold above that, it is my expectation we will push higher to 4800 ES and ultimately the 4900-5150 ES range.