confidentMoth0305

confidentMoth0305

A further decline to 3050-3000 points to supply zone

confidentMoth0305

The SPX appears to be transitioning out of Wave 4 and initiating Wave 5 of the current Elliott Wave cycle. This breakout from Wave 4 suggests the final leg of the broader impulsive structure is underway, typically characterized by renewed momentum and trader interest. At this stage, we can expect a pullback or bounce near the previous Wave 3 low, which often acts...