While they are level on points with Arsenal, they are second in the league on goal difference.
Post-game, Elliott stated: "It should have been all three (points).
"But I think at the same time we need to look at the game, and we were trailing.
"I think the boys showed unbelievable fight and courage to come back, to stay level-headed, stay in the game and get the equalizer.
"A point is better than nothing. We wanted the three points there's no doubt about that but a point is better than losing."
On the team not being clinical enough, he added: Absolutely. We had many opportunities. Whether it was the final pass or the finish, it just wasn't there for us today but unfortunately that's football.
But the fight and desire to keep going until the final whistle was amazing. I think as a team, as a club with the fans as well backing us, in a stadium like this when it's not easy at all, it's a credit to everyone involved.
We need to keep fighting because it's going to be a very tough run now and we need to keep going."