SP500 technical analysis for today November 8th 2021 using Elliott Wave Theory- The market continued higher before fading on Friday. There has been a little weakness to start off Sunday after hours trading so we are looking to get a pullback to the 4620-30 ES area for a buying opportunity on the SP500.

SP500 technical analysis using Elliott Wave Theory is telling us that if we get that pullback we should be looking for the 4800 ES area as our target for that buying opportunity. We should also note that until we break below 4660 ES this current wave iii of 3 can still go higher.