{"id":8688,"date":"2025-02-14T19:12:03","date_gmt":"2025-02-14T19:12:03","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=8688"},"modified":"2025-05-12T09:46:09","modified_gmt":"2025-05-12T09:46:09","slug":"sp500-climbing-the-final-waves","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/it\/education\/market-insights\/elliott-wave\/sp500-climbing-the-final-waves\/","title":{"rendered":"SP500 Elliott Wave: Climbing the Final Waves"},"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 a bullish impulse, currently in wave (iii) of ((iii)).<\/li>\n\n\n\n<li><strong>Key Support:<\/strong> 5,773.31 level is the invalidation point for the bullish structure.<\/li>\n\n\n\n<li><strong>Targets:<\/strong> Fibonacci extensions suggest target levels near <strong>6,318<\/strong> (100%) and <strong>6,570<\/strong> (1.618%).<\/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 animated slideInLeft\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"677\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/02\/SPX_2025-02-14_12-47-40-1024x677.png\" alt=\"\" class=\"wp-image-8691\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/02\/SPX_2025-02-14_12-47-40-1024x677.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/02\/SPX_2025-02-14_12-47-40-300x198.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/02\/SPX_2025-02-14_12-47-40-768x508.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/02\/SPX_2025-02-14_12-47-40.png 1335w\" 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 as (iii) of ((iii)). At a <strong>higher degree<\/strong>, this move is within the final <strong>Primary wave 5<\/strong> of a larger Cycle wave structure.<\/p>\n\n\n\n<p>The bullish trend remains intact as price stays inside a rising <strong>parallel channel<\/strong>. The recent correction to <strong>5,773.31<\/strong> marked the <strong>wave (ii) low<\/strong>, followed by a strong rally. Within this impulsive structure:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Wave (i) has completed<\/strong>, setting up the base for the ongoing wave (iii).<\/li>\n\n\n\n<li><strong>Wave (iii) typically extends<\/strong>, targeting at least the <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/fibonacci-extensions\/\">1.618 Fibonacci extension<\/a> around <strong>6,570<\/strong>.<\/li>\n\n\n\n<li>A minor correction <strong>(wave iv)<\/strong> could develop near <strong>6,318<\/strong>, where price meets the <strong>100% Fibonacci extension<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>The <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/relative-strength-index\/\">RSI indicator<\/a> sits at 60.54, reflecting sustained bullish momentum without being overbought.<\/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>6,318<\/strong> as the next likely target, followed by <strong>6,570<\/strong> for a full <strong>1.618 extension<\/strong>. A break below <strong>5,773.31<\/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=\"RiDqo8QUET\"><a href=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/dax-bulls-on-mission\/\">DAX Elliott Wave: Bulls on a Mission<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;DAX Elliott Wave: Bulls on a Mission&#8221; &#8212; Alchemy Markets\" src=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/dax-bulls-on-mission\/embed\/#?secret=3P1MC2lwnp#?secret=RiDqo8QUET\" data-secret=\"RiDqo8QUET\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SP500 Elliott wave analysis shows an ongoing impulse potentially targeting 6,318 and 6,570. Key support is 5,773.31.<\/p>\n","protected":false},"author":160,"featured_media":8689,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[16],"class_list":["post-8688","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 Final Waves - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"SP500 Elliott wave analysis shows an ongoing impulse potentially targeting 6,318 and 6,570. 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