SPX500 is on the way to all-time highs (once again)

I have been flat on SPX500 in the previous week or two and now I think I see a nice trading opportunity. Having looked at a bigger count I think we are going to ATH.

Elliottwave.com still holds bearish scenario as their base case though offering the alternative bullish count similar to mine (albeit more controversial in my view). Recently I often disagree with gurus of Elliottwave theory about practical nuances of counting waves.

So, the trading opportunity is to wait for a pullback to finish at 2995 and go long. Perhaps the rate cut will be a turning point.

Trade active:

entered a position