S&P 500 IndexShort
S&P 500 - Elliott Wave Count Since - 2009
The S&P 500 (SPX) may have completed an extended Elliott - Impulse wave.
The movement began in March 2009 and counts as complete at the December 2024 peak.
Note the very long-term RSI double bearish divergence.
If this count is correct the SPX could be in a bear market that lasts into 2026.
Major support is the October 2022 bottom.
The movement began in March 2009 and counts as complete at the December 2024 peak.
Note the very long-term RSI double bearish divergence.
If this count is correct the SPX could be in a bear market that lasts into 2026.
Major support is the October 2022 bottom.
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