$SPX: W4 Support Holds, W5 Rally Toward New Highs Begins
$S&P 500(.SPX)$ Once the April trendline broke, I warned that a reversal toward 6800–6750 was favored ✅
I also noted this zone as key support, set up to produce a W4 → W5 sequence to new all-time highs 🎯
Today’s strong response from that support suggests W4 is likely complete, with W5 now targeting 7020–7075.
6800-6750 remains W4 support regardless.
While other Elliott Wave analysts were calling for lower lows, we anticipated a rally toward $E-mini S&P 500 - main 2603(ESmain)$ 6900 🎯
That rally materialized ✅, followed by the expected rejection—yet our Discord continued to favor another leg higher, which delivered 🔥
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