On this technical weblog, we’ll take a look at the previous efficiency of the Each day Elliott Wave Charts of SPY. By which, the rally from 07 April 2025 low resulted in an impulse sequence & confirmed greater excessive sequence in weekly construction due to this fact, referred to as for an extension greater to happen. We knew that the construction in SPY ought to stay supported & lengthen greater. So, we suggested members to not promote the ETF & purchase the dips in 3, 7, or 11 swings on the blue field areas. We’ll clarify the construction & forecast under:
SPY Each day Elliott Wave Chart From 3.29.2026
Right here’s the Each day Elliott wave Chart from the three.29.2026 Weekend replace. By which, the rally to $697.84 excessive accomplished wave ((1)) & made a pullback in wave ((2)) to appropriate the cycle from 4.07.2025 low. The internals of that pullback unfolded as Elliott wave double three correction the place wave (W) ended at $662.39 low. A rally to $683.36 high-ended wave (X) bounce. Then began the following leg decrease in wave (Y) in direction of $643.41- $618.72 blue field space. From there, consumers have been anticipated to seem on the lookout for new highs ideally or for a 3-wave bounce minimal.
SPY Newest Each day Elliott Wave Chart From 5.17.2026
That is the most recent Each day Elliott wave Chart from 5.17.2026 Weekend replace. By which the SPY is displaying a really robust response greater going down, proper after ending the double correction inside the blue field space. Allowed members to create a risk-free place shortly after taking the lengthy place on the blue field space. Since then the ETF already made a brand new excessive confirming the following leg greater focusing on $847- $899 space earlier than revenue taking & subsequent pullback takes place.
Supply: https://elliottwave-forecast.com/bluebox-wins/spy-launches-strong-bullish-rally-from-blue-box-zone/