SP500 technical analysis for today November 2nd 2021 using Elliott Wave Theory- The market grinded higher over the weekend and into Monday morning and then traded sideways from there. We are now looking to see which direction they will take it on the SP500. If they take it over the ATH’s then we have wave 4 in place and are headed toward 4640-50 ES.

SP500 technical analysis using Elliott Wave Theory is also telling us that if they break back below 4580 ES we are looking at a probable expanded flat pullback targeting the 4540-50 ES area. If they make a 5 wave structure down it’s still possible we could see the bigger C wave down on the SP500 SP500 technical analysis using Elliott Wave Theory is the most accurate way to define targets for the market. Check us out in our Facebook Group “Invest with Jacob” where I give real time market updates during trading hours.