ABC Complete: $SPX and $ES Signal the Next Advance
$S&P 500(.SPX)$ had a perfect reaction off Daily FVG support.
Today's low officially COMPLETES the E-wave of the W4 triangle.
That builds into a multi-week rally starting tomorrow under W5 — if today's reversal holds.
Dips bought against today's low.
$E-mini S&P 500 - main 2609(ESmain)$ extended the ABC down into the Daily FVG.
The ABC decline is confirmed — that's why today's low should hold.
Now a clean 5-wave advance has printed off it.
ABC down. 5-wave up.
That's the signature of a completed correction.
Caught by the unreleased ABC model and the W4/W5 model, together.
Elliott Wave 2.0.
$ES has now confirmed an ABC decline.
This supports this pullback as CORRECTIVE even if price trades below today’s low.
Targets on chart.
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