SP500 technical analysis for today December 2nd 2021 using Elliott Wave Theory- The market made wild swings today racing to 4650 then crashing over 150 pts down to 4500. This has many feeling bearish. While in the short term we may see some bear momentum this is still a bull market.

We are looking for the SP 500 to make another low and then rally in either a b wave or 5 wave structure. If it’s a B wave we will look to short that top for a C wave target to 4350 ES.

SP500 technical analysis using Elliott Wave Theory is telling us that if we get the 5 wave structure up we will be cautiously optimistic that we are going to start wave 5 toward the 4880 area. This will be confirmed with a wave 2 pullback and a wave 3 that moves over the high for wave 1.