Hello traders. We have remained long the S&P 500 since SPX reached our Blue Box buying zone in March, when the setup was first presented to members. Since then, the index has advanced approximately 20%. In this technical article, we revisit the Elliott Wave setup that identified the buying opportunity and examine the price structure behind the ongoing SPX rally.

SPX Elliott Wave Daily  Chart 03.28.2026

The chart below shows the SPX trading setup presented to our members. At the time, the index was developing a three-wave pullback in the form of an Elliott Wave Double Three pattern.

The decline from the main peak reached the 6,470.35–6,236.79 extreme area. We identified this region as our Blue Box buying zone and looked to enter long positions there.

The strategy was straightforward: enter within the equal-legs area, with the 1.618 Fibonacci extension at 6,236.79 serving as the invalidation level. Once SPX recovered 50% of the decline from the red X peak, we would move the stop to breakeven, making the position risk-free.

Official trading strategy on How to trade 3, 7, or 11 swing and equal leg is explained in details in Educational Video, available for members viewing inside the membership area.

Quick reminder on how to trade our charts :

Red bearish stamp+ blue box = Selling Setup
Green bullish stamp+ blue box = Buying Setup
Charts with Black stamps are not tradable. 🚫

SPX Elliott Wave Daily  Chart 08.09.2026

SPX completed the expected decline into our Blue Box buying zone, where buyers entered the market as anticipated. From our entry at 6,470, the index rallied strongly to new all-time highs. The move delivered a gain of approximately 20% in less than six months.

Note: Certain labels have been removed from the chart. Our members receive the complete version with all labels and additional details.

Our member chat rooms are open 24/7 and provide ongoing expert guidance on market trends and Elliott Wave analysis. Members are encouraged to ask questions about market structure and technical setups at any time.

Elliott Wave Forecast Membership

Trade with a clear plan — not guesswork.

At Elliott Wave Forecast, our team of professional analysts monitors 78 instruments across global markets every day, helping members identify high-probability opportunities and manage risk through a structured, rules-based trading process.

Inside your membership, you’ll receive:

✅ Real-Time Trading Recommendations — with clearly defined Entry, Stop Loss, and Take Profit levels for each setup.
✅ Live Trading Room Access — follow professional trade setups as they develop in real time.
✅ 24-Hour Chat Room Support — ask unlimited questions and receive guidance from experienced analysts throughout the trading week.
✅ Expert Multi-Market Analysis — covering Forex, Stocks, Indices, ETFs, Commodities, and Cryptocurrencies.
✅ Exclusive Educational Videos — included at no additional cost, with practical lessons on Elliott Wave theory, trading strategies, risk management, and trade execution.
✅ Learn the Process Behind Every Setup — understand how experienced analysts identify opportunities, define risk, and manage trades as market conditions evolve.

Ready to see how the process works in real market conditions?

Regular 14-Day Trial: $9.99
Limited-Time Price: Only $0.99

👉 Start Your 14-Day Trial for Only $0.99