SP500 technical analysis for today November 18th 2021 using Elliott Wave Theory- We got the pullback on the SP500 we were looking for the 4680 ES area and now are watching a triangle play out.

For the bears, they are looking to break down below 4680 ES in order to bring price down to our support box in the 4660 ES Range. If this happens we will look to buy the dip.

SP500 technical analysis using Elliott Wave Theory is telling us that if the bulls take this up over 4702 ES on the SP500 then we are looking at the strong possibility of starting the rally toward 4840 ES sooner than later.