SPX 2025 Strategic Outlook 7150 points Wave Five Bull Market

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🔸Time to update the SPX outlook, this is 2D price chart, we are
currently entering overpriced zone and limited upside in SPX
going forward next few weeks correction / pullback.

🔸SPX price structure since 2023 is defined by a five wave impulse wave 3 completed already and currently we are in wave 4 pullback/correction until 5415 points. expecting wave four pullback to complete in January 2025.

🔸Wave 1 is 3600 to 4625, wave two 4625 to 4125, wave three 4125 to 6100,wave 4 pullback/correction now is 6100 to 5416, final bullish wave five is expected to start from 5415 to 7150 points (30% bull run). Wave 5 expected to start in January 2025 and complete sometime in Q4 2025. A/B/C 40% correction will follow as the market will enter extremely overbought zone.

🔸Recommended strategy position traders: wait for the wave 4 correction to complete at/near 5415 points in January 2025 and then BUY/HOLD into wave 5 final target is 7150 points in Q4 2025. Obviously, this is a longer BUY/HOLD trade setup and patience is required with this trade. good luck!

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let me know your thoughts on the above in the comments section 🔥🏧🚀

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