SPY Elliott Wave Outlook Points to Further Upside
The short-term Elliott Wave count for the S&P 500 ETF shows the rally from the June 27 low still unfolding as an impulse, with the bullish structure supporting further advances.
SPY
The short-term Elliott Wave picture for the S&P 500 ETF indicates that the cycle from the June 27 low is still unfolding as an impulse structure. In that count, wave ((i)) concluded at 756.22 and was followed by a corrective pullback in wave ((ii)).
The outlook frames the advance as incomplete, suggesting the bullish structure continues to support further upside after the correction is complete.
No additional targets or pullback levels were detailed in the available excerpt.
Source: FXStreet Forex News