Elliott Waves Trades
By Pavlos D
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📊 S&P 500 Index ($SPX) Market Update
SPX opened at 5411.99, briefly dipped to 5386.44, and remained in a tight consolidation range for most of the session. Momentum is slower this week, so patience is key within the broader 5339–5500 range.
Key Technical Outlook:
A breakout above 5465 opens the door for a test of 5500, a critical resistance zone.
If SPX reclaims 5500, bulls could target a move back to 5670 in the coming sessions.
🟢 Levels Above: $5400, $5435, $5465, $5500, $5537
🔴 Levels Below: $5374, $5339, 5272, 5200
📝 Note:
Price action is slower this week — stay selective, and allow trades to come to you.
Focus on breakout confirmation and volume follow-through above 5465/5500 for cleaner setups.
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