SP500 technical analysis for today November 29th 2021 using Elliott Wave Theory- The market gave us a Turkey Day Massacre dropping over 100pts over the weekend. We are now tracking 2 paths on the SP500. The first points to 4900 ES, the second 4400 ES.

SP500 technical analysis using Elliott Wave Theory is telling us that both paths are going to look very similar up to about 4700 ES and then they differ in the pullback off of that bounce. The bulls want to hold 4650 for wave 4 while the bears want to break down below the lows headed toward 4400 ES.