S&P 500 Elliott Wave Rally from 6319 Low Nears 8476 End as Subwave ((v)) Advances
The S&P 500's impulsive Elliott Wave rally from the March 2026 low of 6319.68 approaches completion at a 100% Fibonacci extension target of 8476, with subwaves ((i)) to 6609.67, ((ii)) to 6474.94, ((iii)) toward 7147.52, and ((iv)) at 7046.55 now advancing ((v)). The surge followed a March 25 buy signal with 100% 15-year accuracy, igniting a V-shaped 10% rebound over 10 sessions amid Iran de-escalation, 12.2% YoY Q1 earnings growth, and resilient data that surpassed Wall Street's 7700 consensus and all-time highs. A corrective wave 2 is anticipated with key support at 6319.68.