In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of SPX.
We presented to members at theelliottwave-forecast. In which, the rally from the October 2022 low unfolding as an impulsestructure. Also showed a higher high sequence with a bullish sequence stamp. Suggested that index should see more upside extension to complete the impulse sequence. Therefore, we advised members not to sell the index & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below: SPX four-hour Elliott Wave chart from 1.09.
The internals of that pullback unfolded asElliott wave double three structurewhere wave ended at $5832.30 low. Wave bounce ended at $6049.75 high. Then wave managed to reach the blue box area at $5783.66- $5617.43. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum. SPX latest four-hour Elliott Wave chart from 1.18.2025 This is the latest 4-hour Elliott wave Chart from the 1.18.2025 Weekend update.
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