Elliott Wave Analysis for SP500
The Final Wave Into the Blow-Off Top
The Count
The monthly S&P 500 chart presents one of the cleanest expressions of a completing five-wave impulse I have tracked in this cycle. The structure resolves cleanly from the secular base, and the labeling tells a coherent story of liquidity-driven advance from crisis to euphoria.
The Primary Sequence (1–5):
The advance from the 2009 low — the moment money printing began — constitutes the dominant impulse. Wave (4) terminated at the 2009 lows inside the Major Consolidation Box, a multi-year accumulation zone spanning roughly 2000–2009 where price built the energy for the secular leg that followed.
From that low:
Wave 1 advanced into the 2018 region
Wave 2 corrected the post-2018 weakness
Wave 3 extended powerfully through 2021
Wave 4 delivered the 2022 corrective decline
Wave 5 is the terminal advance now underway into the Target Zone
The Subdivision (i–v / iii–v):
The fifth wave subdivides into its own five-wave structure. The internal count tracks the i-ii-iii-iv-v progression off the 2022 low, with the 0.618 retracement near 5,100 anchoring the wave ii base and the extension ladder near 6,100 / 6,800 / 7,800 mapping the projection path for the terminal thrust. Price is now pressing into the final subdivision — wave v of 5 — the last leg before the structure completes.
