SPX 4H - Completing leg A of ABC Wave Count - 28/03/2026US SPX 500OANDA:SPX500USDfvideiraThis is not financial advice, always do your own research. For a couple of months now, we've been seeing a slow roll over in SPX500 and NAS100. It's tough to forecast targets in the long term via Elliot Wave without leg A and B being complete, however we can look at immediate targets for A to begin understanding how B could unravel and where to enter a short position for a final wave C. At the moment, I see a clean count for positioning into a final wave 5 of leg A. My rationale for a deep dive into the 1.618 wave extension of (iii) is quite simple: I'm expecting some capitulation-style price action given the slow roll up till now - waves (i) and (iii) haven't been out of the norm in terms of price movements, swaying the probabilities towards an extended (v). Tension has been building for some time in the economy via stagnation and global activities of recent are bringing inflation back into the picture - we'll be facing some harsh data over the coming months. Stagnation + inflation = stagflation. An environment of stagflation would likely lead to gold and silver (as seen in 1970s) experiencing flights from other markets and running into price discovery modes for many years - sucking a lot of money out of stocks. Financial year end rebalancing. Here's the 1H count for justification of waves (i) and (ii): Here's the 1H count for justification of wave (iii):