Hello fellow traders !
As our members know we have had many profitable trading setups recently. In this technical article, we are going to talk about another Elliott Wave trading setup we got in S&P 500 ETF. SPY has completed its correction exactly at the Equal Legs zone, also known as the Blue Box Area. In this article, we’ll break down the Elliott Wave forecast, explain the trading setup in detail, and provide the upside target.
SPY H1 Update 11.07.2025
SPY ETF is currently forming a 3-wave pullback, unfolding as a Double Three pattern. The extreme zone (Equal Legs) has already been reached in the 663.57–652.77 area. The minimum requirements for the pattern are there as we can now count a sufficient number of swings. We have entered long positions around the Equal Legs 663.57 level.
We recommend that members avoid selling SPY at this stage and expect at least a three-wave bounce from the Blue Box. Once the price reaches the 50% Fibonacci retracement level against the red X connector, we will make the position risk-free by moving the stop-loss to breakeven and taking partial profits.
Did you know ? 90% of traders fail because they don’t understand market patterns. Are you in the top 10%? Test yourself with this advanced Elliott Wave Test
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.
SPY H1 Update 11.07.2025
SPY found buyers as expected at the Blue Box area, making decent bounce. The price has reached and exceeded 50 fibs from the X red connector. Consequently, any long positions from the Blue Box should now be risk-free. We’ve set our stop loss at breakeven and have already secured partial profits. While above the last low 661.25 low we count (4) blue correction completed. Wave (5 ) can be in progress toward new highs, targeting 696.53- 707.42 area.
Elliott Wave Forecast
At Elliott Wave Forecast, we track and analyze 78 instruments daily — but remember, not every chart is a direct trading signal.
For real-time, actionable trades, join our Live Trading Room, where we guide you through clear, professional setups every day.
🚀 Not a member yet? Now’s the perfect time, we have limited time Promo Offer :
Unlock full access with our 14-day Trial for just $0.99!
Here’s what you’ll get:
✅ Official Trading Signals — with clearly defined Entry, Stop Loss, and Take Profit levels based on our proven strategy.
✅ Live 24 Hour Chat Room Access — ask unlimited questions and get expert support during trading hours (Monday–Friday).
✅ Expert Analysis — real-time updates across Forex, Stocks, Indices, Commodities, Cryptos, and ETFs.
✅ Hands-on Learning — sharpen your trading skills with direct mentorship from seasoned market analysts.
Offer Expires Soon!
Get full access to real-time Signals, Live Sessions, 24 Hour Chat Room Support and Expert Analysis — all for only $0.99 during your 14-day trial.
⏳ This limited-time price will expire soon — don’t miss out!
