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Smart Wave Analysis > Blogs > SPX

SPX

  • S&P 500 Elliott Wave Alert: This Pullback May Not Be Over Yet

    • July 30, 2026
    • Posted by: Alira Iluka
    • Category: News
    No Comments
    S&P-500-Elliott-Wave-chart-showing-the-wave-2-rally-from-6,317-to-7,620-and-the-current-correction-toward-the-6,953-7,193-target-zone

    Quick answer: The S&P 500 (SPX) is pulling back after topping near 7,620 in June 2026. Our Elliott Wave count reads this drop as a corrective wave that could stretch into the 6,953–7,193 zone before buyers step back in. As long as the index holds above 6,317, the bigger uptrend stays intact. A daily close

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