Elliott Wave Analysis: S&P 500 at an Inflection Point

Target ~6800: if yesterday's low and breadth signals hold, the index has hit a critical technical turning point and could resume upward momentum toward ~6800 over the coming weeks. This is a short-term, technical bullish signal that may drive positioning flows but does not necessarily indicate a change in fundamentals.

Analysis

Target ~6800: if yesterday's low and breadth signals hold, the index has hit a critical technical turning point and could resume upward momentum toward ~6800 over the coming weeks. This is a short-term, technical bullish signal that may drive positioning flows but does not necessarily indicate a change in fundamentals.