🇺🇸 US500 – S&P 500 Index
Have you caught the flawless Elliott Wave structure and the massive target indicated by the blue arrows? 👀
Analyzing the S&P 500 index on the 4-hour chart, the bullish cycle initiated right after the major macro wave (4) bottom is unfolding like a textbook pattern. Following the successful completion of sub-waves (i), (ii), and (iii), the wave (iv) corrective phase found a solid floor at 7,340.0, where aggressive buyers stepped back in.
The index is currently riding the most enthusiastic and final leg of this sequence: impulse wave (v)! As projected by the blue arrows on the chart, we expect this upside momentum to persist until it checks off the 1.618 Fibonacci extension target at 7,823.1. The robust price action at the current 7,605.6 level proves that the bulls remain in absolute control.png]. Instead of fighting the trend, riding the wave is always the golden rule.
📌 Explore our analysis approach on our website 🌐 https://ewplans.com
🎯 40% DISCOUNT on all membership plans
✍️ Chart Link: https://s3.tradingview.com/snapshots/r/R9omIC7Y.png
