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US Indices

SP500 – Daily Analysis

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Daily Nasdaq Open Articles SP500
1039

SP500 is probing the target zone we mapped months ago. Pullback starting here, or one more squeeze? This Daily reads the tape—candles, momentum, and Elliott Waves—to nail the flip levels, timing windows, and invalidations that tell you when to press, trim, or stand aside.

CANDLES

Today, SPX opened with a gap on the daily, 2D, and 3D frames. For candle-sequence health, it would be better to see that gap filled in the next few days, ideally tomorrow. At this point there’s no technical concern for SPX; the only caution lies in the volatility backyard (see today’s VIX Daily).

For the mid- and long-term picture, all four index futures printed strong bullish continuation candles on the 8D frame, signaling high odds of a continued rally. The Russell, in particular, formed Three White Soldiers on this frame—a serious bullish statement.

Short term: bullish, with pullback risk.
Mid & long term: bullish.

Elliott Waves

Mid Term

Mid-term outlook unchanged: the purple count remains primary.

Short Term

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

SUMMARY

SPX and its peers remain bullish in the short term, though a near-term pullback, likely corrective, is a risk. Mid- and long-term odds remain bullish.

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Happy Trading!

Daily Nasdaq Open Articles SP500
1039
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