SPX continues to extend its FINAL 5th wave advance from the April low
$S&P 500(.SPX)$ continues to extend its FINAL 5th wave advance from the April low with upside to 6700 and even 6800 (100% of Wave 1) in a potential blow-off-top move.
With S&P printing bullish Daily FVGs and every major index making new all-time highs, the lack of bearish divergences across indexes suggests upside potential isn’t exhausted yet - keeping the 6700–6800 zone firmly in play.
That said, the longer this wave stretches, the greater the risk of a sharp higher-degree correction once complete — a classic setup could see SPX spike into 6700–6800 before fading into a larger pullback.
🟢 Support: 6630–6624 must hold to keep upside targets alive.
⚠️ Risk Levels: A daily close below 6624 signals momentum fading. A break under 6440 confirms a higher-degree correction underway.
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