SP500 technical analysis for today December 21st 2021 using Elliott Wave Theory- The market sold off yesterday giving us 3 paths to track moving forward. The bulls need to push higher off of yesterday’s low in a clear 5 wave pattern to keep the hopes of a Santa rally alive. If they can do that they can push to 4900 ES.

For the bears, their most likely path is a triangle in bigger wave 4 that would wrap up in the 4550 region on the SP500

SP500 technical analysis using Elliott Wave Theory is also telling us that if they nosedive and take out the Dec 3rd low it’s likely we are looking to the 4350 region to resolve wave 4 on the SP500