SP500 technical analysis for today December 17th 2021 using Elliott Wave Theory- The market pushed to 4743 then started it’s pullback in wave 2. We need the bulls to find support above 4620 and get a rally going to get 3 of 3 started. From there we need to take out 4680 ES and then push through the pivot on the SP500.

SP500 technical analysis using Elliott Wave Theory is also telling us that if we can’t hold 4620 it’s likely we break the low at 4596 and head down toward 4588-4552 on the SP500. If that area breaks it’s look out below.