{"id":13115,"date":"2025-05-15T21:31:36","date_gmt":"2025-05-15T21:31:36","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=13115"},"modified":"2025-05-15T21:31:37","modified_gmt":"2025-05-15T21:31:37","slug":"sp500-climbing-the-3rd-wave","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/it\/education\/market-insights\/elliott-wave\/sp500-climbing-the-3rd-wave\/","title":{"rendered":"SP500 Elliott Wave: Climbing the 3rd Wave"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Executive Summary<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bullish Trend:<\/strong> SPX is progressing within the 3rd wave of a bullish impulse pattern.<\/li>\n\n\n\n<li><strong>Key Support:<\/strong> 5,700 level is the invalidation point for the bullish structure.<\/li>\n\n\n\n<li><strong>Targets:<\/strong> Fibonacci extensions suggest a primary target level near <strong>6,151<\/strong> (161.8%).<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Current Elliott Wave Analysis<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"772\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/SPX_2025-05-15_16-26-00-1024x772.png\" alt=\"\" class=\"wp-image-13116\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/SPX_2025-05-15_16-26-00-1024x772.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/SPX_2025-05-15_16-26-00-300x226.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/SPX_2025-05-15_16-26-00-768x579.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/SPX_2025-05-15_16-26-00.png 1173w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The SPX chart follows an <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/elliott-wave-theory\/\">Elliott Wave<\/a><strong> impulse pattern<\/strong>, with the current wave iii of (iii).&nbsp;<\/p>\n\n\n\n<p>The recent acceleration of the rally is a result of SPX trading in the middle of a third wave. The third wave of an impulse is often the strongest of the five-wave impulse pattern as trader buy into the new trend.<\/p>\n\n\n\n<p>So long as SPX remains above the micro wave 1 high of 5,700, then we\u2019ll consider this bull trend to continue.<\/p>\n\n\n\n<p>Upside targets include 6,151 where wave iii is <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/fibonacci-extensions\/\">1.618 Fibonacci extension<\/a> of wave i, a common wave relationship.<\/p>\n\n\n\n<p>Additionally, the previous all-time high in SPX is nearby so the market will likely react to stiff <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/support-and-resistance\/\">resistance<\/a> near there.<\/p>\n\n\n\n<p>If a pullback appears, we\u2019re viewing it as wave iv that may dip back to 5,850, or about 5%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bottom Line<\/h2>\n\n\n\n<p>SPX remains in a strong <strong>bullish uptrend<\/strong>, with <strong>6,151<\/strong> as the next likely target. A break below <strong>5,700<\/strong> would negate this count, shifting the outlook.&nbsp;<\/p>\n\n\n\n<p><strong><em>You might also be interested in:&nbsp;<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-alchemy-markets wp-block-embed-alchemy-markets\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"27bAg6PvsC\"><a href=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/yen-joins-gold-at-the-hip\/\">Yen Joins Gold at the Hip (USDJPY Elliott Wave)<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Yen Joins Gold at the Hip (USDJPY Elliott Wave)&#8221; &#8212; Alchemy Markets\" src=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/yen-joins-gold-at-the-hip\/embed\/#?secret=7ovOzElU7D#?secret=27bAg6PvsC\" data-secret=\"27bAg6PvsC\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>SPX Elliott Wave analysis shows an ongoing impulse targeting 6,151. Key support is 5,700\u2014bullish trend remains intact.<\/p>\n","protected":false},"author":160,"featured_media":13118,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[16],"class_list":["post-13115","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-elliott-wave"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SP500 Elliott Wave: Climbing the 3rd Wave - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"SPX Elliott Wave analysis shows an ongoing impulse targeting 6,151. Key support is 5,700\u2014bullish trend remains intact.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alchemymarkets.com\/it\/education\/market-insights\/elliott-wave\/sp500-climbing-the-3rd-wave\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SP500 Elliott Wave: Climbing the 3rd Wave - Alchemy Markets\" \/>\n<meta property=\"og:description\" content=\"SPX Elliott Wave analysis shows an ongoing impulse targeting 6,151. Key support is 5,700\u2014bullish trend remains intact.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/sp500-climbing-the-3rd-wave\/\" \/>\n<meta property=\"og:site_name\" content=\"Alchemy Markets\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-15T21:31:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/SP500-Featured-Image-May-15-2025-1024x683.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Tempo di lettura stimato\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minuti\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SP500 Elliott Wave: Climbing the 3rd Wave - Alchemy Markets","description":"SPX Elliott Wave analysis shows an ongoing impulse targeting 6,151. Key support is 5,700\u2014bullish trend remains intact.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/alchemymarkets.com\/it\/education\/market-insights\/elliott-wave\/sp500-climbing-the-3rd-wave\/","og_locale":"it_IT","og_type":"article","og_title":"SP500 Elliott Wave: Climbing the 3rd Wave - Alchemy Markets","og_description":"SPX Elliott Wave analysis shows an ongoing impulse targeting 6,151. Key support is 5,700\u2014bullish trend remains intact.","og_url":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/sp500-climbing-the-3rd-wave\/","og_site_name":"Alchemy Markets","article_modified_time":"2025-05-15T21:31:37+00:00","og_image":[{"width":1024,"height":683,"url":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/SP500-Featured-Image-May-15-2025-1024x683.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Tempo di lettura stimato":"2 minuti"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/sp500-climbing-the-3rd-wave\/","url":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/sp500-climbing-the-3rd-wave\/","name":"SP500 Elliott Wave: Climbing the 3rd Wave - Alchemy Markets","isPartOf":{"@id":"https:\/\/alchemymarkets.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/sp500-climbing-the-3rd-wave\/#primaryimage"},"image":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/sp500-climbing-the-3rd-wave\/#primaryimage"},"thumbnailUrl":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/SP500-Featured-Image-May-15-2025.png","datePublished":"2025-05-15T21:31:36+00:00","dateModified":"2025-05-15T21:31:37+00:00","description":"SPX Elliott Wave analysis shows an ongoing impulse targeting 6,151. Key support is 5,700\u2014bullish trend remains intact.","breadcrumb":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/sp500-climbing-the-3rd-wave\/#breadcrumb"},"inLanguage":"it-IT","potentialAction":[{"@type":"ReadAction","target":["https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/sp500-climbing-the-3rd-wave\/"]}]},{"@type":"ImageObject","inLanguage":"it-IT","@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/sp500-climbing-the-3rd-wave\/#primaryimage","url":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/SP500-Featured-Image-May-15-2025.png","contentUrl":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/SP500-Featured-Image-May-15-2025.png","width":1536,"height":1024},{"@type":"BreadcrumbList","@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/sp500-climbing-the-3rd-wave\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/alchemymarkets.com\/"},{"@type":"ListItem","position":2,"name":"Market Insights","item":"https:\/\/alchemymarkets.com\/education\/market-insights\/"},{"@type":"ListItem","position":3,"name":"SP500 Elliott Wave: Climbing the 3rd Wave"}]},{"@type":"WebSite","@id":"https:\/\/alchemymarkets.com\/#website","url":"https:\/\/alchemymarkets.com\/","name":"Alchemy Markets","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/alchemymarkets.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"it-IT"}]}},"_links":{"self":[{"href":"https:\/\/alchemymarkets.com\/it\/wp-json\/wp\/v2\/market_insights\/13115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alchemymarkets.com\/it\/wp-json\/wp\/v2\/market_insights"}],"about":[{"href":"https:\/\/alchemymarkets.com\/it\/wp-json\/wp\/v2\/types\/market_insights"}],"author":[{"embeddable":true,"href":"https:\/\/alchemymarkets.com\/it\/wp-json\/wp\/v2\/users\/160"}],"replies":[{"embeddable":true,"href":"https:\/\/alchemymarkets.com\/it\/wp-json\/wp\/v2\/comments?post=13115"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alchemymarkets.com\/it\/wp-json\/wp\/v2\/media\/13118"}],"wp:attachment":[{"href":"https:\/\/alchemymarkets.com\/it\/wp-json\/wp\/v2\/media?parent=13115"}],"wp:term":[{"taxonomy":"market_insights_categories","embeddable":true,"href":"https:\/\/alchemymarkets.com\/it\/wp-json\/wp\/v2\/market_insights_categories?post=13115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}