S&P500 Is a correction to the 1M MA50 technically inevitable?The S&P500 index (SPX) has been trading within a Channel Up since the March 2009 U.S. Housing Crisis bottom. Within this pattern, the market has periodically peaked and then pulled-back to test at least the 1M MA50 (blue trend-line).
The first line of Support has been the 1W MA100 (red trend-line), which covered the three more recent and shorter corrections of 2024, 2025 and now early 2026. However, the last time the index made contact with its 1M MA50 was on the October 2022 bottom.
In addition, it is currently on the 2nd longest streak without having the 1M RSI touching the 16-year Buy Zone, which was 52 months (1586 days). In January 2027 we will again complete 52 months since the last RSI Buy Zone test.
Technically, the market has a strong 'need' for another 1M MA50 test and even though it is currently at 5500, history has shown that sharp corrections do take place, like Feb-March 2020, Oct-Dec 2018, May-Oct 2011.
Also, with the exception of 2015, the other three 1M MA50 corrections have all tested (at least) the 0.382 Fibonacci retracement level from the previous bottom.
As a result, even though S&P500 could go a little higher to test the Top of the historic Channel Up, it appears very likely to pull-back and hit at least its 1W MA100 (now around the 6500 region) and with strong probabilities to make a 1M MA50 test after 4 years around 6100, which would be above the 0.382 Fib and on the 0.5 Channel Up Fib.
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US 500 Index
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In-depth trading ideas
S&P 500 at a Major PRZ: New ATH or Deeper Correction?The S&P 500 ( CAPITALCOM:SPX500 ) rallied after the probability of an agreement between Iran and the United States increased, allowing the index to print a new All-Time High(ATH).
However, the rally over the past week has been accompanied by relatively low trading volume, which may indicate weakening bullish momentum.
Can the S&P 500 print another ATH, or is a deeper correction beginning?
Macro Outlook
Improving expectations surrounding a potential U.S.–Iran agreement supported risk sentiment and helped U.S. stock indices move higher.
However, the lack of strong trading volume during the recent rally raises concerns about whether buyers have enough strength to sustain the bullish trend.
Technical Analysis
The S&P 500 has reacted to the Potential Reversal Zone(PRZ) and has started to move lower.
From an Elliott Wave perspective, the index appears to have completed, or is very close to completing, its main wave 5.
💡 Educational Note: When an index reaches a new ATH with declining or weak volume, it can indicate reduced market participation and increase the risk of a pullback.
I expect the S&P 500 to decline toward the key trading level of $7,637.
If bearish momentum increases, the index could break below the Support Zone and eventually fill the lower gap.
Trade Setup
First Take Profit(TP): $7,637
Second Take Profit(TP): $7,614
Stop Loss(SL): $7,804
Which level do you think the S&P 500 will reach first?
🔴 $7,614
🟢 $7,804
📌 S&P 500 Analysis(SPX), 4-hour time frame.
🛑 Always use proper risk management and set a Stop Loss(SL) for every position.
🚀 If this analysis helps your trading plan, a BOOST would help more traders discover it.
Trading Around All-Time HighsThe S&P 500 has once again moved into record territory. Whenever that happens, the debate quickly shifts away from what price is doing towards what traders think it should do. Has the market gone too far? Is it too expensive? Should we wait for a pullback before getting involved?
Trading around all-time highs requires a slightly different way of thinking. Rather than focusing on the fact that price has reached a record, its good to focus on how the market behaves once it gets there.
Assumption One: There Is No Resistance
One of the most common observations when a market reaches an all-time high is that there is "no resistance overhead". While it's true there are no historical prices above the market, concluding that resistance has therefore disappeared oversimplifies how price actually moves.
Resistance isn't created solely by previous highs. It develops wherever buying and selling temporarily fall out of balance.
As markets move into record territory, traders begin making decisions. Some take profits after an extended rally, others look for confirmation that the breakout is genuine, while shorter-term participants search for opportunities on both sides of the market. The result is often a period where price rotates around the breakout level rather than accelerating immediately away from it.
This is one reason why lower timeframe analysis can become increasingly valuable. While the daily chart may have entered price discovery, four-hour or one-hour charts continue to develop swing highs, swing lows and areas where liquidity begins to build. Those shorter-term structures often provide the technical reference points for managing trades once the higher timeframe resistance has been overcome.
S&P 500 Four-Hour Candle Chart
Past performance is not a reliable indicator of future results
Assumption Two: The Market Must Be Too Expensive
Buying at an all-time high rarely feels comfortable.
Nobody wants to be the trader who buys the final push before a major reversal. The problem is that price alone tells us very little about whether a market is genuinely expensive.
A chart measures where the market is trading. It doesn't tell us whether that price is justified.
Recent earnings season demonstrated that point well. Corporate earnings have continued surprising to the upside, with analysts revising expectations higher following another round of stronger-than-expected results. Markets don't reach record highs simply because investors become more optimistic. Quite often they reach them because expectations around future earnings continue improving.
That doesn't mean every breakout will succeed, nor does it mean valuations can never become stretched. It simply reminds us that an all-time high is not, by itself, evidence that a market has become overvalued.
For traders, the more productive question is rarely whether the market is expensive. It's whether the trade offers a favourable balance between risk and reward. Clearly defining risk parameters and recognising that any individual trade may not develop as expected can help reduce some of the emotion that naturally surrounds buying strength.
Assumption Three: Waiting For A Pullback Is Always Safer
Technical analysis textbooks often encourage traders to wait for price to break resistance before buying the first pullback into the breakout level. It's a sensible framework and, in many cases, an effective one.
The difficulty comes when it becomes the only framework.
Strong trends don't always provide the textbook retest that traders hope for. Sometimes acceptance develops through a clean pullback into previous resistance. At other times, the market simply consolidates above the breakout before continuing higher. Occasionally, it offers no meaningful retracement at all.
Being too rigid can therefore become just as costly as chasing price.
The objective isn't to buy every breakout or to insist on the perfect entry. It's to apply the same process consistently. When position sizing and risk management are doing their job, each trade becomes one of many rather than one that has to be right. That shift in mindset often makes it much easier to trade markets making new highs without feeling the need to predict exactly what happens next.
Trade The Price, Not The Assumption
All-time highs tend to generate strong opinions because they sit at the intersection of optimism and uncertainty. For some, they represent confirmation that the trend remains intact. For others, they are evidence that the market has finally gone too far.
Neither conclusion can be reached from price alone.
The more useful approach is to treat record highs like any other important technical area. Observe how price behaves around them, pay attention to the quality of the breakout rather than the breakout itself, and remain disciplined with risk management if the market proves your original idea wrong.
Record highs are not a signal to become either bullish or bearish. They are simply another environment that asks traders to remain objective while allowing price, rather than assumption, to shape the next decision.
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 89% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
US500 Breaks Above the Channel – Bulls Stay in ControlUS500 Breaks Above the Channel – Bulls Stay in Control
Yesterday, after White House Counselor Hassett said that inflation is continuing to decline, we saw all the indices rise further and also the stock market turned green.
Currently, the US500 has broken out through a large channel pattern and the price seems to be able to rise further.
A very good entry price is if the price moves down for a correction near 7400 - 7450 before moving up again.
It is also possible to rise from the market price.
If you already have CALL OPTIONS, you don't have to worry about anything yet. The price should resume the upward movement soon.
You can find more details on the chart.
Thank you and good luck! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
S&P 500 Weekly Outlook Bulls Fight Back. Recovery Confirmed?Last week, we were asking a simple question:
Dead Cat Bounce or Real Recovery?
At the time, the S&P 500 had bounced sharply after breaking below the rising wedge and losing the double-top neckline. The bearish setup was still in play, but the market had begun fighting back.
This week, the picture has changed.
The S&P 500 pushed higher, reclaimed the broken rising trendline, and moved back above the key Fibonacci retracement levels from the recent selloff.
The 0.5 retracement around 7,457 and the 0.618 level around 7,495 have now been reclaimed, with price pushing toward the previous high around 7,620.
This is an important development.
The bounce is no longer looking like a simple dead-cat bounce. Bulls have regained significant momentum and are now challenging the highs that previously created the double-top setup.
What I'm Watching This Week
Now the question is whether bulls can take the next step.
A sustained move through the previous high would put the double-top setup under serious pressure and could signal that the bearish structure we were tracking has failed.
But if price is rejected near the highs, we could still see another pullback and a retest of the recent breakout area.
Last week, we asked: Dead Cat Bounce or Real Recovery?
This week, the bulls are starting to answer that question.
Now we watch to see if they can break through the highs and prove this recovery has legs.
Price will decide.
Not Financial Advice. This is my technical analysis based on price action and chart structure.
Here is why many get the stock screening wrongThe market shows healthy breadth and quite a few sector ETFs are in positive momentum/trend.
Yet this information is incomplete—and it still does not tell you where you should put your money. Here’s why.
1️⃣ What do we observe?
SPX is in Acceptance.
NDX is moving from Recovery toward Acceptance.
Breadth is healthy. Volatility is normalized. Participation supports price.
TradeSentinel absolute sector view show strength across Technology, Financials, Industrials, Healthcare, Materials and parts of Energy.
So the first conclusion is obvious:
Risk-on. Broadening participation. Plenty of sectors look healthy.
2️⃣ But that conclusion is incomplete.
Absolute charts answer: “What is going up?”
They do not answer: “What is actually outperforming the market?”
And that difference matters. A sector can have rising moving averages, positive momentum and a perfectly healthy chart and still underperform SPY.
3️⃣ This is where the ratio view changes the picture.
Once sectors are measured against SPY, the broad strength becomes much more selective.
Software and Financials stand out more clearly.
Small caps and equal-weight Nasdaq are improving.
Technology remains structurally strong.
But some sectors that look fine in absolute terms—like Staples or Real Estate—look far less attractive on a relative basis. Energy also shows the tension between strong longer-term performance and softer current relative momentum.
That is the “aha” moment: A sector can be bullish and still be the wrong place to be long.
4️⃣ What does this change for a trader?
Two things:
Holdings:
You may keep owning something because it is “still going up” while capital has already moved somewhere stronger.
Screening:
You may spend time looking for stocks in a healthy sector that is actually losing the relative-strength battle.
That is hidden opportunity cost—and hidden portfolio risk.
The framework changes the question from:
“What is trending up?”
to:
“What is trending up, improving, and outperforming?”
That is the difference between simply participating in a (bull) market and being positioned where the market is actually rewarding capital.
Starting to Plan for Possible SPX ShortLast time I posted here I was explaining my thoughts on how the 4.23 model i'd presented looked like it was failing and how I'd expect to see a lot of upside if it did.
That was about a year ago. We've went largely straight up since and now i'm starting to consider short ops again.
This is just a quick post to explain my intentions and possible update to the previous thesis (linked below). I'll expand more on my logic for it later.
For a TLDR;
When I realised my 4.23 model was going to fail, I had to go and work on it and find out if it was a bad model, if I used it wrong or if I'd just found the limits of what the model could do. if and when your model is proven wrong, you should go and work on a new model or at least explain why you think the model failed.
After a year of research, tool building, testing and repeating I have come up with a far stronger model for fibs in trends.
We are now at the next binary decision point in that model.
Detailed posts in due course.
Previous analysis;
SP500 15M CHART PATTERN📊 The SP500 15-minute chart is approaching a critical decision zone around 7,750, which remains the key level for the next directional move. 🟢 Holding above 7,750 would keep the short-term structure bullish and support a continuation toward the bullish target at 7,802.
Buyers need to defend this level and maintain momentum for the upside scenario to remain valid. 🚀 A sustained move higher could attract additional buying and strengthen the recovery structure visible on the chart. 🔴 On the other hand, holding below 7,750 would weaken the bullish setup and increase the probability of a decline toward the bearish target at 7,708. Traders should closely monitor price action, candle closes, and rejection or acceptance around this pivot.
⚠️ Overall, 7,750 is the main trigger: above it favors 7,802, while below it favors 7,708. Risk management remains essential because volatility can increase sharply around this important support and resistance area.
If you found this analysis helpful, don’t forget to LIKE 👍 and COMMENT 💬
S&P 500 Just Hit Record Highs - Is a 10–20% Correction Next?
📋 S&P 500 (SPX)
Price: 7,757 | August 7, 2026
The S&P 500 is trading at record highs, but the market is becoming increasingly difficult to justify on valuation and technical grounds.
The bullish case remains strong: earnings are rising, AI investment continues to support corporate profits, and major Wall Street firms still expect the index to move toward or above 8,000.
The problem is that the market is now extremely concentrated, historically expensive, and technically stretched.
Two of the most prominent opposing voices — Tom Lee and Michael Burry — disagree on the magnitude of the potential correction, but both point toward the same underlying issue: the market has moved too far, too quickly.
The key question is no longer whether a correction can occur, but whether it remains a normal 10–20% pullback or develops into a much deeper structural decline.
🏛️ Fundamental Analysis
🏢 Market Structure
The S&P 500 is increasingly concentrated in a small number of companies.
Roughly half of the index's market capitalization is concentrated in the top 20 constituents, with a large portion represented by technology and AI-related companies.
This concentration has been one of the main drivers of the rally.
However, it also creates a major structural risk:
If the AI trade weakens, the impact will not be limited to a few technology stocks — it could affect the entire index.
💰 Earnings & Valuation
Fundamentals remain supportive.
Current-quarter EPS estimates are running more than 15 percentage points above initial analyst expectations, while 2027 earnings estimates have increased toward approximately 410, with a potential move toward 425.
The problem is valuation.
Current valuation metrics:
Trailing P/E: ~26–29x
Forward P/E: ~21.5x
Shiller CAPE: ~41.8
Dividend yield: ~1.1%
The CAPE ratio is particularly extreme.
At approximately 41.8, it is close to the highest levels ever recorded and below only the ~44.2 peak reached during the dot-com bubble in 1999.
The bullish argument is that today's S&P 500 contains more high-margin technology companies than previous generations of the index, which can justify some valuation premium.
Nevertheless, even after accounting for this structural change, the market remains historically expensive.
📰 Recent Developments
Strong Technology Earnings
The latest earnings reports from major technology companies have been significantly stronger than expected.
On August 4, the S&P 500 gained approximately 1.9%, while the Nasdaq rose 2.7%, pushing the index to a new record close.
Falling oil prices and hopes for renewed shipping through the Strait of Hormuz also supported risk assets.
Margin Call & Forced Selling
A major warning signal came from the liquidation of the AI-focused hedge fund Situational Awareness.
The fund was forced to liquidate positions after a margin call triggered by losses in AI infrastructure investments.
Tom Lee described the event as a potential "cleansing" event.
But the underlying mechanism is important:
Leverage can turn an ordinary correction into forced selling.
This is exactly the type of systemic risk highlighted by Michael Burry.
Labor Market Weakness
The July employment report showed an unexpected loss of approximately 23,000 jobs, adding another potential warning sign for economic growth.
⚖️ Valuation
The S&P 500 is expensive by virtually every traditional valuation metric.
Historical averages are roughly:
Trailing P/E: ~19–20x
Forward P/E: ~18–20x
CAPE median: ~17
Current valuations are therefore significantly above historical norms.
The market can remain expensive for a long time, particularly when earnings are growing rapidly.
But the higher the starting valuation, the more dependent future returns become on continued earnings growth.
If earnings expectations weaken while multiples remain elevated, the downside can become substantial.
📊 Bull Case — Tom Lee
Tom Lee's base case is a 10–20% correction followed by a continuation of the bull market.
His expectation is for approximately a 10% decline, with a deeper move toward 6,850–6,900 possible if the index fully retraces toward its major moving averages.
He assigns approximately 60% probability to this scenario.
His thesis remains structurally bullish.
The correction would occur before the S&P 500 ultimately moves above 8,000 rather than after.
Lee expects the market to finish the year above 8,000 and views 2027 as potentially another strong year once Federal Reserve and SpaceX-related uncertainty has passed.
🐻 Bear Case — Michael Burry
Michael Burry's thesis is considerably more cautious.
He has not provided a specific S&P 500 downside target, but his argument focuses on three major vulnerabilities:
Extreme concentration in AI-related stocks
Increasing leverage
Potentially weaker-than-expected organic AI demand
The concern is that volatility-targeting and momentum strategies increase exposure while volatility remains low.
If volatility suddenly rises, these same strategies can be forced to reduce positions simultaneously.
That could transform a normal correction into a much deeper sell-off.
Burry has compared the current environment with the final stages of the 1999–2000 dot-com bubble and has even described an "1987-type fall" as possible.
Importantly, he presents this as a possibility rather than a base-case forecast.
⚠️ Top Three Fundamental Risks
1. AI Capex & Earnings
The largest companies in the index are spending enormous amounts on AI infrastructure.
If returns on this investment disappoint, the market could begin questioning the earnings growth currently embedded in valuations.
2. Leverage & Volatility
A sharp increase in VIX could force systematic funds to reduce exposure.
This creates the possibility of forced selling and a self-reinforcing decline.
3. Fed & SpaceX
Federal Reserve policy and the expected SpaceX share unlock create additional uncertainty during the August–October period, when the market is already technically stretched.
📈 Technical Analysis
Daily Timeframe
The technical picture is becoming increasingly stretched.
The S&P 500 is trading significantly above its 150-day and 200-day moving averages.
Such a large deviation from long-term trend averages does not automatically mean a reversal is imminent, but it increases the probability of a mean-reversion move.
The market is not simply at a record high.
It is at a record high while being unusually far above its long-term trend.
Fibonacci
The 2.414 Fibonacci extension from the latest correction projects into approximately:
7,970–8,010
This zone is particularly important because it also coincides with the psychological 8,000 level.
This makes 7,970–8,010 the key potential exhaustion/resistance zone.
A rejection here would significantly strengthen the correction thesis.
RSI & ADX
Daily RSI is currently around 66.
This is not oversold. Instead, it indicates elevated momentum and a market approaching overbought conditions.
A bearish divergence — price making new highs while RSI fails to confirm — would provide an additional warning.
ADX is also not showing the strong trend confirmation that would normally be expected following such a powerful breakout.
If price continues higher without a corresponding increase in trend strength, the probability of a failed breakout and subsequent reversal increases.
🎯 Price Targets
Target 1: 6,756
The first major downside target.
This would represent a significant but still relatively conventional correction and a potential mean-reversion area.
Target 2: 5,745
The deeper bearish target.
A move toward this level would bring the index closer to major weekly support, including the 150-week moving averages.
This scenario would represent a much more significant structural correction.
🎯 Conclusion
The S&P 500 remains fundamentally strong, but the market is now priced for a significant amount of future success.
Earnings are rising and the AI investment cycle remains powerful, but this is occurring alongside:
Historically elevated valuations
Extreme concentration
High leverage
Stretched technical conditions
Increasing distance from major moving averages
The combination of AI concentration, leverage and extreme valuation creates the possibility that a normal correction could become something substantially larger if volatility suddenly rises and systematic funds begin deleveraging.
The market does not need to crash for the bearish thesis to work.
A normal mean-reversion correction would already be enough to reset some of the excesses that have accumulated during the current rally.
SP500 | Path to Another Record HighThe SP500 continues to demonstrate strong underlying strength, with institutional buying interest supporting the broader bullish outlook despite trading at record levels. Price action remains constructive, suggesting that buyers continue to maintain control as the market positions for a potential extension higher.
From a fundamental perspective, resilient corporate earnings, improving investor confidence, and expectations surrounding monetary policy continue to provide a supportive backdrop for equities. If these conditions remain intact, the index has the potential to build on its momentum and establish another fresh all-time high.
The overall bias remains firmly on the buy side, with bullish momentum continuing to favor higher prices under the current market environment.
SPX500 – Breakout Retest Setup With 8,000 in Sight📊 SPX500 – Breakout Retest Setup With 8,000 in Sight
🔍 Market Overview
SPX500 has finally broken above a resistance zone that repeatedly capped price throughout the previous range. The move was not subtle either. Buyers pushed through with strong momentum and quickly established price above the old ceiling, which is the first sign that the market may be entering a new expansion phase.
After such a sharp breakout, chasing price at current levels is not my preferred approach. What interests me more is a controlled pullback toward the 7,580–7,630 area. If buyers defend that zone and former resistance turns into support, it could provide a much cleaner base for the next leg higher.
📈 Market Structure Insight
Primary Bias: Bullish
Momentum: Strong after breakout
Current Phase: Expansion followed by a potential retest
The important shift is that SPX500 is no longer trapped below the previous range high. Price has already moved into higher territory, so a pullback into the breakout zone would be viewed as a retest rather than an immediate bearish reversal, as long as support holds.
🚀 Bullish Scenario
I would be watching for:
A controlled pullback into the former resistance zone.
Rejection wicks or bullish candles around support.
Buyers stepping back in before price falls deeply into the old range.
If that happens, I expect SPX500 to resume the move higher, with 8,000 becoming the next major target.
🎯 Target: 8,000
❌ Invalidation
The bullish continuation setup would lose strength if price breaks decisively below the breakout zone and begins trading back inside the previous range. That would suggest the breakout failed to attract enough follow-through.
⚠️ Trading Perspective
The breakout has already shown us where the strength is. Now the question is whether buyers can defend the level they fought so hard to reclaim.
For me, the better opportunity is not buying after an extended push. It is waiting for the market to come back, test the breakout, and prove that the old resistance has truly become support.
🧠 Professional Insight
This setup stands out because of:
A clear breakout from a well-defined resistance zone.
Strong bullish follow-through after the break.
Price holding above the previous range.
A logical retest area below current price.
A clean psychological target at 8,000.
Breakout confirmed. Now the retest could decide whether 8,000 comes next.
This analysis is for educational purposes only and should not be considered financial advice.
Do you think SPX500 retests first, or goes straight for 8,000? Share your view below.
SPX500: Bullish Push to 8000?FX:SPX500 is eyeing a bullish continuation on the 4-hour chart , with price breaking previous resistance and establishing a new support zone after the recent breakout, converging with a potential entry area that could ignite further upside momentum if buyers defend amid volatility. This setup suggests a solid rally opportunity toward the psychological resistance at 8000 with close to 1:3.5 risk-reward .🔥
Entry between 7560–7620 (entry from current price with proper risk management is recommended). Target at 8000 . Set a stop loss at a daily close below 7500 , yielding a risk-reward ratio of close to 1:3.5 . Monitor for confirmation via a bullish candle close above entry with rising volume, leveraging the index’s strength near support.🌟
Fundamentally , the most important event for SPX500 this week (6–9 August 2026) is the US Nonfarm Payrolls (NFP) and Unemployment Rate report on Friday, August 7. This high-impact labour market data will heavily influence Fed rate expectations and overall risk sentiment in US equities. 💡
📝 Trade Setup
🎯 Entry (Long):
7560 – 7620
(Entry from current price is acceptable with proper position sizing and disciplined risk management.)
🎯 Target:
8000
❌ Stop Loss:
• Daily candle close below 7500
📈 Risk-to-Reward:
Close to 1:3.5
💡 Will buyers defend the 7560–7620 support zone and push SPX500 toward the 8000 milestone, or will sellers force a breakdown below 7500 and invalidate the bullish setup? 👇
Is this a real break out? Part 1 8/5/26Hi everyone I'm back with another video for all of my subscribers I found a new and interesting chart pattern that might give us cluse to know weather this is a true break out or not. If you look at it from the lens of the wedge pattern that we were previously studying it says that it is a break out but in the lens of the new parallel that I have found it says were into resistance and were more likely to get a retrace to maybe retest the previous all time high and fill the gap to maybe go higher and that will be the real test in the markets! If we cant hold the retrace (if we get it) then its a failed move and a massive fake out. BUT if we do hold then we can go much higher in the SP500 for now I'm a skeptic of the markets. Yes I'm still long certain individual stocks still but I have been taking profits along the way. The bigger time frames are telling me to stay cautious but that doesn't mean you cant take advantage of the current momentum, you just have to analyze properly and look for high probability chart set ups. And if your pattern fails be quick to react to it and drop the ego and cut the position.
ABC and {A] x 1,618 = [C] 7489 I moved back to 90 % short SPYThe chart posted is the sp 500 I was flat early and now have moved back to 90 % long in the money puts The spiral from march 9th is 8/5 and The 10yr yield is doing what the 20 and 30 yr have been doing and The us /yen finally turned down from my 161.8 target I am NOT sure what is holding up the sp other that rotation But I am back again in puts at 7475 and 7488 best of trades WAVETIMER
S&P 500 EXIT LIQUIDITY EN-ROUTE (UPDATE)Almost like magic👀 We said S&P 500 would break ABOVE its range high & move into creating a new 'all-time-high' which is exactly what the market done! Buyers are pushing the S&P 500 towards our 'Major Wave (Minor Wave V)' target of the 'Elliott Wave Theory' strategy. Profit target is anywhere around $7,800 - $8,100 for a good exit point.
Confluences:
⭕️Major Wave 3 & 4 Complete.
⭕️Major Wave 5 (Minor Wave V) of Bullish Cycle Close to Completion.
⭕️Last Bullish Leg Up Will Be Supported By U.S. - Iran Ceasefire.
Bullish Week 10 - 14 August 2026The week of 10 - 14 August looks like the rally will continue. My projection for the end of the week is to close at or above $7872.00 or about 1.43% higher. If we close above the $7872.00 retracement we will be on our way to the projected $8000.00 before we cool back down.
SP 500 Forecast panic cycles 8/5 and 10/16 The Sp 500 is nearing the end of the decline in wave C for wave B low The last advance should see above the last high likely 7641 to 7710 focus 7660 july 10th . Then THE start The first leg of the panic is ugly into 8/5 low from there we should see a ABC rally into sept 2nd Then The next leg of the CRASH cycle into oct 10 to the 20th focus is 10/16th This is what I see and how it will unfold ! best of trades WAVETIMER






















