SP500 technical analysis for today November 23rd 2021 using Elliott Wave Theory- The market appears to either be making an ending diagonal to complete the move up toward 4800 ES or is using a truncated 5th wave to move us down. For the ED, we need to hold 4668 ES on the SP500. Below that and we invalidate the move.

SP500 technical analysis using Elliott Wave Theory is telling us that if we do break 4668 ES on the SP500 it is possible it is a truncated 5th and will need to test the 4625-30 ES level in wave 4 down.