SP500 technical analysis for today January 26th using Elliott Wave Theory- The market sold off and rallied several times on Tuesday but decided nothing. We are now tracking 2 bearish paths. The first says we hold 4260 and rally toward 4466 ES on the SP500.

SP500 technical analysis using Elliott Wave Theory is also telling us that if they break 4260 ES then we are looking more directly down in an ending diagonal toward 4185 ES. We do have the possibility for a leading diagonal for the bulls on the SP500 but I am not confident in that.