US500 (S&P 500) Elliott Wave Analysis
The S&P 500 is the most widely followed equity benchmark, representing 500 of the largest US companies. It is the go-to index for institutional asset allocation.
S&P 500 wave structures are the cleanest among US indices due to broad diversification. The current secular bull market has clear impulse wave structure on the monthly chart. Corrections tend to be orderly and respect Fibonacci levels precisely.
Major levels at 5,000, 5,500, 6,000, 6,500. Fibonacci extensions from the 2020 low and 2022 correction define the current target zone.
S&P 500 is the best index for Elliott Wave analysis due to its clean wave structures. Use the weekly chart for the primary count and the daily chart for entry timing.
H4 Wave Count
4-hour timeframe for precise entry timing
Daily Wave Count
Primary trading timeframe structure
Weekly Wave Count
Macro context and trend direction
Fibonacci Targets
Precise price targets from wave structure
Invalidation Levels
Exact price where the count is wrong
Alternative Scenario
What happens if the primary count fails
Get Daily US500 (S&P 500) Analysis
Updated before London open, every trading day. H4, Daily, and Weekly wave counts with precise Fibonacci targets.