S&P 500 technical analysis suggests potential for further gains

Technical analyses of the S&P 500 indicate potential for continued upward movement following recent market volatility. While the index recently finished a correction, it remains near all-time highs.

Some Elliott Wave perspectives suggest the current market structure could represent the start of an ending diagonal wave, which may lead to further upside. Traders are advised to monitor for corrections and bullish changes in order flow on lower timeframes to identify long positions.