SP500 technical analysis for today December 14th 2021 using Elliott Wave Theory- The consolidation has been dragging on for several days now and needs to reach a conclusion. We are watching for the market to pullback to the .382 retracement near 4643 and bounce. That bounce will be telling. If it’s 5 waves we should complete wave 5 up around 4740-50 on the SP500 which will complete larger wave 1.

SP500 technical analysis using Elliott Wave Theory is telling us that if it’s a 3 wave bounce we are likely looking lower in wave 2 toward 4577 on the SP500.