SPX — a new ATH is coming very soon.The market has just formed a clean initial impulse and broke out of the descending Andrews pitchfork , which tells us one thing: the correction is about done. (I previously expected a triangle as a possible correction, but the structure is now clear.)
From here, the next step is simple — a new all-time high.
Targets: I’m focused on the 127.2% and 161.8% Fibonacci extensions of the correction.
Trading plan: I’m waiting for a local 3-wave pullback — and only then I’ll enter on the breakout. Entering “just because it dipped” — ❌ never an option.
