SP500 technical analysis for today December 7th 2021 using Elliott Wave Theory- The bulls did their job but still have work to do. We are still looking lower until the bulls prove otherwise. For now we are looking for a B wave down to the 4515 area on the SP500 before a C wave to 4640-60 ES. Then we would look down to 4350 ES from there.

SP500 technical analysis using Elliott Wave Theory is telling us that for the bulls to prove otherwise we would need a full 5 wave structure to complete wave 1 in the 4680 region on the SP500.