SP500 technical analysis for today February4th using Elliott Wave Theory- The market sold off as expected during the RTH but the bulls rallied 50pts immediately at the close flipping the script on yesterday. Now it’s a battle for control of the market. The bulls can try to run with it and take out Tuesday’s high but if they fail 4440 is the key level for a bounce. If they can bounce it there they can look to move to 4640 on the SP500

SP500 technical analysis using Elliott Wave Theory is also telling us that if the bears can break 44440 is is a warning of a bigger move down to come and potentially the start of wave 5 of C down to 4150-4100ES on the SP500