SPX500: The Maximum Has Not Been Reached, We Continue To Wait For Growth.

<div><img width="750" height="430" src="https://assets.iorbex.com/blog/wp-content/uploads/2023/06/28082124/Elliott-Wave-9.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Elliott Wave" decoding="async" loading="lazy" srcset="https://assets.iorbex.com/blog/wp-content/uploads/2023/06/28082124/Elliott-Wave-9.png 750w, https://assets.iorbex.com/blog/wp-content/uploads/2023/06/28082124/Elliott-Wave-9-300×172.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></div><p><a href="https://assets.iorbex.com/blog/wp-content/uploads/2023/06/28082002/SPX-3.png"><img decoding="async" loading="lazy" class="aligncenter wp-image-204191 size-full" src="https://assets.iorbex.com/blog/wp-content/uploads/2023/06/28082002/SPX-3.png" alt="Chart of SPX500" width="1200" height="627" srcset="https://assets.iorbex.com/blog/wp-content/uploads/2023/06/28082002/SPX-3.png 1200w, https://assets.iorbex.com/blog/wp-content/uploads/2023/06/28082002/SPX-3-300×157.png 300w, https://assets.iorbex.com/blog/wp-content/uploads/2023/06/28082002/SPX-3-1024×535.png 1024w, https://assets.iorbex.com/blog/wp-content/uploads/2023/06/28082002/SPX-3-768×401.png 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></a></p>
<p>In the long term, the SPX500 continues to form a large impulse trend consisting of sub-waves I-II-III-IV-V. Its final fifth part is under development.</p>
<p>After the end of the complex cycle correction IV, the price began to creep up, building the fifth wave.</p>
<p>Probably, four parts have been completed as part of impulse V to date.  In the near future, the market may move up to a maximum of 4815.42 in the sub-waves (4)-(5) inside the primary fifth wave. The level of 4815.42 was marked by cycle impulse wave III.</p>
<p><a href="https://assets.iorbex.com/blog/wp-content/uploads/2023/06/28082028/SPX2.png"><img decoding="async" loading="lazy" class="aligncenter wp-image-204192 size-full" src="https://assets.iorbex.com/blog/wp-content/uploads/2023/06/28082028/SPX2.png" alt="Chart of SPX" width="1200" height="627" srcset="https://assets.iorbex.com/blog/wp-content/uploads/2023/06/28082028/SPX2.png 1200w, https://assets.iorbex.com/blog/wp-content/uploads/2023/06/28082028/SPX2-300×157.png 300w, https://assets.iorbex.com/blog/wp-content/uploads/2023/06/28082028/SPX2-1024×535.png 1024w, https://assets.iorbex.com/blog/wp-content/uploads/2023/06/28082028/SPX2-768×401.png 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></a></p>
<p>We propose to consider an alternative scenario in which the cycle correction IV has not yet been completed. Recently, the primary intervening wave Ⓧ could come to an end, it is an intermediate double zigzag.</p>
<p>In the last section of the chart, we can observe a trend reversal. That is, in the near future, market participants can expect the development of the final wave Ⓩ.</p>
<p>It is possible that the actionary wave Ⓩ will end at the minimum of the wave Ⓨ, that is, near 3491.23.</p>
<p>The post <a rel="nofollow" href="https://www.orbex.com/blog/en/2023/06/spx500-the-maximum-has-not-been-reached-we-continue-to-wait-for-growth">SPX500: The Maximum Has Not Been Reached, We Continue To Wait For Growth.</a> appeared first on <a rel="nofollow" href="https://orbex.com/blog/en">Orbex Forex Trading Blog</a>.</p>