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SP500 – Daily Analysis

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This SP500 daily reviews price action across key frames—candlestick structure, momentum, and Elliott Wave scenarios—to assess whether any adjustments to the forecast are warranted.

CANDLES

Today, SP500 and other indices closed their daily, 2D, and 8D frames with bullish candles, building on the initial bullish momentum. The market is bullish until signaled otherwise.

Short term: bullish
Mid & long term: bullish

Elliott Waves

Mid Term

No changes for the mid-term outlook. The purple count remains primary.

Short Term

The blue and green counts remain on the table with near-equal odds.

SUMMARY

SPX and peers remain bullish, backed by solid technicals and trend support. Long-term odds stay bullish.

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Happy Trading!