SP500 technical analysis for today January 12th 2022 using Elliott Wave Theory- The market followed our A wave path and we were able to trade the C wave up for 64% gains. We are now looking to top in A in the 4716-4771 ES region. Once we top we would look for the start to either the B wave or the wave 3 of C down on the SP500.

SP500 technical analysis using Elliott Wave Theory is also telling us that when we get the pullback it must hold over the 76.4 retrace in order to keep the B wave hopes alive and the ED for the bulls toward 4850 ES. Break the 76.4 retrace and we are likely in 3 of C targeting the 4440 ES area on the SP500.