SPX: Elliott Wave indicating corrective phase nearly done

My Elliott Wave count suggests the S&P 500 (SPX) is nearing the completion of its current corrective phase. Price action has been consolidating around the 5980 area, last closing at 5980 on Wednesday.

From an Elliott Wave perspective, this setup implies an uptrend continuation is likely coming in the upcoming days.

Key levels I'm watching:

Immediate Support: 5840-5900 zone. A hold here would confirm strength.
Stronger Support: 5767-5840. A break below this would challenge the immediate bullish count.
Resistance: 6000 (psychological) and the all-time high of 6147.43. A clear break above these levels will validate the next impulse wave.
Volume and market breadth will be crucial confirmations. Let's see how the market reacts!

What are your thoughts on the current SPX wave count? Share below!

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