SPX Elliott Wave: Rally From the Blue Box Buying Zone
Hello fellow traders. Our Elliott Wave analysis has identified several high-quality trading setups recently, including the SPX setup discussed below. The analysis identified a clear three-wave correction from the recent peak, with price eventually reaching the Equal Legs area highlighted as our Blue Box buying zone.
This is the type of setup we closely monitor within our trading service. The Blue Box defines a specific area where we look for a potential long entry, while the Elliott Wave structure helps us manage risk and identify potential targets.In the following sections, we will break down the SPX setup and show how the opportunity developed.
SPX Elliott Wave 1-Hour Chart – 09.09.2026
SPX is forming a three-wave pullback from the recent high, and the correction still appears incomplete. We expect another leg lower toward the 7545–7416 area.
At this stage, we are not looking to sell SPX. Instead, our focus remains on the long side. With the broader trend still bullish, we expect buyers to step in around the marked Blue Box area. From there, SPX could start at least a three-wave bounce, with the potential to extend higher and eventually make new highs. A break below the 1.618 Fibonacci Extension at 7416 would invalidate this setup.
This is the type of opportunity we look for every day for our members: a defined entry zone, a clear invalidation level, and a plan for managing the trade as the market moves in our favor.
Instead of chasing price or guessing where to enter, our members can follow these setups as they develop in real time.
The official trading strategy for identifying 3, 7, and 11 swings and Equal Legs setups is explained in detail in our educational video. The video is available exclusively to members inside the membership area.
How to Read Our Charts
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Red bearish stamp + Blue Box = Selling setup
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Green bullish stamp + Blue Box = Buying setup
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Black stamp = No trade zone
SPX Elliott Wave 1-Hour Chart – 09.24.2026
The Index dropped into our buying zone (Blue Box) and found buyers as expected. The reaction from the zone delivered a solid bounce, and we now consider the correction complete at the 7507.44 low.
Our expectation is for SPX to continue higher and eventually break to new highs, with 7890 as the next target area.
However, a break below the latest low would open the door to a deeper correction. In that case, we would wait for the pullback to develop and look for a new trading opportunity.
You can follow the latest SPX charts, trading setups, and target levels inside our membership area. The best instruments to trade are those with incomplete bullish or bearish swings. These setups are highlighted in our Sequence Report, while the highest-conviction opportunities are presented in the Live Trading Room.
Keep in mind that the market is dynamic, and the outlook may have changed in the meantime. Our member Chat Rooms are open 24 hours a day, Monday through Friday, on trading days, providing ongoing expert guidance on market trends and Elliott Wave analysis. Members can ask questions about market structure and technical setups at any time during trading days.
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- BirdieO·09-28 22:23RSI divergence on the 1h is already showing up, so one more clean leg down feels a bit too linear. I care more about how price reacts into that zone than the wave count itselfLikeReport
- twisty·09-28 22:23Equal Legs is one thing, but if C turns into an ending diagonal the rebound can rip way harder than a standard ABC bounceLikeReport
