Weekly plan for $SPX:
Looking for a test of the 7470–7480 $SPX resistance zone, followed by a sell reaction that could lead to new weekly lows at the 7340–7350 support zone. If 7330 is broken, the week turns more bearish, with selling likely extending toward the 7310–7315 support zone at a minimum.
Resistance levels are at 7470–7480. A sustained break above 7480, followed by 7495, would turn the weekly outlook bullish and target the 7530–7540 resistance zone, where another sell reaction is likely.
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$SPY mathematical targets in this Weekly bearish divergence:
1. Big Picture Road Map 613 ➡️ 589 ➡️ 565 ➡️ 541 ➡️ 518 ➡️ 496 ➡️ 474
2. Fib Reversal Levels 613 ➡️ 582 ➡️ 535 ➡️ 490 ➡️ 446*
*446 is not likely, so splitting the difference between 490 and 446 yields 472, which closely aligns with 474
It would be crazy if this happens in April-May 2025. But then again, it's crazy to think it wouldn't happen.
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WE CAlled for a Nice move down , gave dates for tops and all .. About one month before the moves were done .. Now close to 200 pts lower on SPX .. Not a bad call I say . HOPE some took advantage. GOD BLESS and GL
Weekly plan for $SPX:
Looking for test of 5995/6000 support and as low as 5970/80. Below that week gets bearish and next is 5925/30 or lower.
Resistance is at 6075/85, then 6125 and 6140.
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Personally, I think that the most effective way to increase your assets using Elliott waves is to enter when the waveform is clear or to buy down and increase your holdings at the end of a large correction wave.
There is no need to make a killing with short-term trades in the middle or later stages of the 5th wave, or in A or B waves.
Sometimes you may make a mistake in counting or recognizing the waveform and miss an opportunity to make a profit, but that does not mean your funds will be reduced.
If you are misled by the stories of people who are making money and think that you have missed an opportunity, you have already lost. People are different. You just need to grasp the long-term waveforms and wait patiently when it's time to wait. The time you spend waiting is time to study.
#Elliottwave
If you see or hear ANYTHING shady happening at any polling station today, tag, DM, or reply to this post to let me know—I’ll be there in an instant!
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This is so important.
didnt hold , so now I wait to see if this unfolds , 5 waves down so far , see if we get a new move higher , Waiting now if we move higher chances for extension of prior move . DM for best book ive read on EWAVE , basic but a good book