SPX500 (3H) Outlook: Still Bullish Despite Middle East RisksS&P 500 Index CashFX:SPX500LIVERMORE333Despite rising geopolitical tensions in the Middle East, my technical analysis remains Bullish Key Levels: ・Bias: Bullish (must hold 6,615.74 Fib 0.786) ・Target: 7,100 – 7,500 area (must break above 7,016.18) ・Invalidation: 6,510.73 → Below this, risk of drop to 6,151.52 increases Elliott Wave Count Double Zigzag W-X-Y from April 2025 low ended on Oct 9. Current structure = Flat A-B-C in progress. We are now in Flat B (Double Zigzag (w)-(x)-(y)), with (y) c-wave forming an Ending Diagonal. a-wave took ~2 months (Nov 21 – Jan 28), so c-wave may also take ~2 months for a slow grind higher. If we reach 7,500, the whole move can be counted as Triple Zigzag W-X-Y-X-Z. Note: The drop from Jan 28 high (7,016.18) is complex, so minor wave count adjustments are possible. However, as long as we do not break 6,615 significantly, the bullish scenario stays intact.Disclaimer: This is my personal technical analysis only. Trade at your own risk. #SPX #SP500 #ElliottWave #TradingView