SP500 technical analysis for today January 27th using Elliott Wave Theory- The market whipped around again but gave us some clarity on the paths to track. We are watching the 4250 ES region. Assuming the bulls can hold that we could see a rally to 4480 in a C wave before making the move down in 5 of C around 4175 ES on the SP500.

SP500 technical analysis using Elliott Wave Theory is also telling us if they can’t hold the 4250 ES region then we should see a direct move down to 4150-4175 ES to complete bigger wave 4 on the SP500