SP500 technical analysis for today November 9th 2021 using Elliott Wave Theory- The market traded sideways on Monday before fading into the close. Now we have the start of a corrective move forming on the SP500. However, they need to push this down below the A wave low of 4674.25 ES in order to keep the structure alive.

SP500 technical analysis using Elliott Wave Theory is telling us that if they are unable to push below 4674.25 ES then we would expect them to rally toward 4722-25 ES to complete wave iii of 3 on the SP500.