Elliott Wave Theory Interpretation 5 Waves

SP:SPX   S&P 500 Index
In very strong markets wave 4 should only retrace 14% of wave 3.

We are in a strong market
Bears would have shorted at ATH but no bears to be seen so far lol
Multiple weekly candle sticks closing above ATH and retested as support
We are in the 5th wave of this mini cycle

Price target for S&P around 6000$

Please watch my previous post about S&P and BTC and try to understand what the chart is telling you

The charts can't lie

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