SPX Bullish Trend / Elliot analysis

Our analysis of this index suggests that we are currently in the development of a Wave 4 (W4) within the last bullish substructure of the macro fifth wave, where, in the long term, we could potentially see the end of the trend between the 7100 and 7600 levels.

At the moment, the price appears to be moving within the final substructure, which seems about to begin a Wave 4 (W4) correction.

💡 This is just my opinion — always remember to do your own analysis!