Still Over 6810SPX - Market Analysis for Dec 10th, 2025
The market has been unable to break below the triangle consolidation, which has left the upside open. And, this afternoon, we have broken any immediate set up for a drop to take us to the bigger (b) wave support box below.
That now means that as long as we remain over 6810SPX, we have to continue to look higher to the target box overhead.
While I would love to give you a clear micro count to work with, the overlap seen since the triangle structure does not allow me to do so. So, it only leaves me with looking higher for as long as we remain over 6810SPX. How we will subdivide to the target overhead may be in the fulfillment of yet another diagonal, for which I have provided a proposed path.
I want to again remind you of what Elliott noted regarding ending diagonals – they occur at points in the market wherein the market has gone “too far, too fast.” And, if this does not describe the type of environment we currently find ourselves within, then I am not sure what would.
So, if you continue to look higher, I would be continually also working on your tightening up your risk management plan.