SP500 technical analysis for today December 22nd 2021 using Elliott Wave Theory- The bulls decided to show up in force today pushing the market up to 4640 before pulling back slightly in the after hours. We are tracking 2 bullish counts on the move up.

A smaller waves 1,2 count that would continue higher in wave 3 from here toward the 4900 region and a larger waves 1,2 count that would pullback before heading higher to the 4900 ES region on the SP500.

SP500 technical analysis using Elliott Wave Theory is also telling us that if they pullback and move up to the 4660-70 area and start to fall it is more likely we are tracing out the larger degree triangle with a target of 4550 for larger degree wave 4 on the SP500