S&P 500 Index
Long
Updated

Hellena | SPX500 (4H): LONG to MAX of wave "3" of 6928.

1 477
Colleagues, we continue the previous scenario of upward movement in the impulse “12345”.
I expect a small correction in the middle order wave “2” approximately to the area of 38.2%-50% Fibonacci levels (6675).
Then I expect a continuation of the upward movement to the maximum of the wave "3" of the higher order 6928.4.
It is possible that the first wave may be stretched, which may mean a correction-free movement to the target.

Fundamental Context.
Market sentiment remains cautiously bullish ahead of this week’s US data releases. Investors continue to price in a softer Fed policy path for 2026, which supports the equity market after the recent correction.

US Treasury yields remain under pressure, and the latest macro indicators — especially labor market cooling and weaker business activity components — reinforce expectations of an economic slowdown. This backdrop typically favors equity upside as markets look ahead to potential policy easing.

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Trade active
Colleagues, I still think that the correction in wave “2” will take place, but maybe not as deep as I thought. This week I plan to see a correction to the 6720-6740 area, nevertheless the upward movement is still in priority and I recommend to work with pending limit orders.
Note
Now we are seeing the stretching of wave “1” and the price has almost reached the target.
If you entered the market on the market, I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
If there was a calculation for correction and a pending order, the correction is possible at 6780.
Trade closed: target reached
Colleagues, I think we need to close the deal with a profit, because the target area is close, but there is a high probability of a correction, because wave “1” has been extended and wave “2” will definitely occur.

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