SP500 technical analysis for today January 7th 2022 using Elliott Wave Theory- The bulls have a path out of the hole but it’s an ending diagonal. They would need to push up in an ABC pattern to hit the 4888 ES target on the SP500. I don’t trust diagonals so the bears are still in control until the bulls prove otherwise.

SP500 technical analysis using Elliott Wave Theory is also telling us that nothing in the bear path we started tracking yesterday has changed and we still target 4440-4350 on the SP500.