S&P 500 Extends Bull Run as Elliott Wave Targets 7700
Jun 1, 2026

SP500

S&P 500 is making a very nice move to the upside, with price trading at new highs after the perfect rebound following the ending diagonal back at the end of March. Since then, we have seen higher highs and higher swing lows without overlaps in the middle of the move, which clearly points to an impulsive structure. It now looks like we are dealing with the final wave 5 of an impulse, but there can still be room up to 7600 – 7700 area before a top formation.

SP500 is unfolding an extended bullish impulse within wave III, which can come to an end sometime in 2026.

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