Elliott Wave Weekly Outlook - SPX, NDX, DJI & IWM

๐Ÿงต Elliott Wave Weekly Outlook

1.) $S&P 500(.SPX)$ ๐Ÿ”‘

โœ… Above 6443 โ†’ 5th wave targeting 6600โ€“6630 ๐ŸŽฏ

- Blow-off top potential to 6800โ€“6850 ๐Ÿš€

โŒ Below 6443 = projection fails

โš ๏ธ Daily close under 6393 = sell signal๐Ÿ“‰ โ†’ 6300-6180

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2.) $NASDAQ 100(NDX)$ ๐Ÿš€

- Likely in a 4th wave triangle โ†’ leaning bullish against 22,960 ๐Ÿ†™

- Fridayโ€™s 23,475 low should hold if $SPX extends. Warning if crossed โš ๏ธ

- Break above recent highs = 5th extension to 24,300โ€“24,750โ€“25,000 ๐ŸŽฏ

- Loss of 22,960 ๐Ÿ›‘= breakdown risk to FVG support (22,400โ€“21,600)

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3.) $Dow Jones(.DJI)$ ๐Ÿ“ˆ

- Bounced from Daily FVG support 45,273โ€“44,893 ๐Ÿ“Š

- Current count suggests a completed fractal flat correction โœ…

- Long bias this week with 46,500 as high probability target ๐ŸŽฏ

โŒ Invalidation = break below 44,550 (MT of 2nd impulse).

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4.) $iShares Russell 2000 ETF(IWM)$ ๐Ÿ“Š

- Hit 240 target from Weekly FVG bounce โœ…

- Structure = 5-3-5, already at 50% extension of first impulse โš ๏ธ

- Could consolidate or retrace โ†’ but if $SPX/ $NDX extend, $IWM may follow straight to 245 ATH ๐ŸŽฏ

- Support = Daily FVG at 232โ€“226; โŒ MT break below 226 invalidates.

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5.) Summary ๐Ÿงต

- SPX while above 6443 โ†’ 6600โ€“6630, blow-off to 6800โ€“6850 possible

- NDX triangle breakout to 24,300-25,500 aligns with SPX push

- DJI high probability 46,500 target

- IWM 240 target reached, may chase 245 ATH if majors extend

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