SP500 – Daily Analysis

The S&P 500 enters another critical session with the broader rally still intact, but several important technical questions remain unresolved. Is the advance building toward another leg higher, or is the index forming a more complex structure before a deeper correction begins? In today’s S&P 500 Technical Analysis, we examine the signals that matter most: the health of the rally, the candlestick and momentum structure, the Elliott Wave paths driving the index, and the key confirmation levels that could define the next phase. With short-term strength competing against broader technical uncertainty, the next move may determine whether SPX is preparing to extend higher—or entering another period of consolidation and volatility. CANDLES Four Futures SPX Following Friday’s bullish close, SPX advanced today and printed strong bullish candles on both the daily and 2D frames. It is also on track to extend bullish momentum on the 3D frame tomorrow. There is one…