SPX Gains 20% +From Our Blue Box Buying Zone

The article is a technical analysis update on the S&P 500 (SPX), stating that the index has risen about 20% since reaching a ‘Blue Box’ Elliott Wave buying zone in March. The author says the setup identified a three-wave pullback and an entry area between 6,470.35 and 6,236.79, with 6,236.79 as the invalidation level. After SPX recovered 50% of the decline, the stop was moved to breakeven. The rally subsequently pushed the index to new all-time highs. The piece is bullish for U.S. equities, reinforcing the view that pullbacks can present high-probability buying opportunities in the broader market.