As of December 3, 2025, the Elliott Wave analysis of the S&P 500 suggests the market is completing a large five-wave impulsive advance that began in late 2022. The current extended fifth wave rally shows signs of maturity—momentum divergences, declining volume, and Fibonacci extensions near typical targets point to a potential terminal pattern forming. This may signal the onset of a corrective phase, possibly an A-B-C retracement, after strong multi-year gains fueled by favorable macroeconomic conditions. Investors should watch for confirmation of trend reversal signals as the wave count implies a shift in market sentiment is imminent.
Original insights from EWM Interactive combined with additional technical reviews provide a comprehensive roadmap for positioning ahead of this critical juncture.

Elliott Wave update on the S&P 500 as of Dec 3, 2025: After completing wave A of a major Cycle degree correction, wave B rally has topped early 2024, and the index is now entering wave C down. Expect a five-wave impulse potentially pushing below 2022 lows toward 3200+ over the next year or more. A complex correction may extend into 2026, signaling caution amid ongoing macro and policy risks. Full analysis by Ivo Liiho at EWM Interactive. #ElliottWave #SP500