S&P 500 Index
Long
Updated

Hellena | SPX500 (4H): LONG resistance area of 6176 (Wave 1).

677
Colleagues, the previous forecast remains essentially unchanged, and the target is still 6176, but I think the forecast can be updated because the price has been flat for quite some time.
I still expect the upward movement to continue in the large wave “1” and in the medium-order wave “5”.
A small correction to the support area of 5873 is possible.

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The price is heading toward its target without any corrections, so I think the upward movement will keep going. This means that wave “4” is done, and I'm expecting the five-wave structure to finish up.

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