The S&P 500 appears to be positioned within Wave III of the broaS&P 500 Index CashFX:SPX500Mehdi_Abbasi_EWP If this interpretation remains structurally valid, price should continue to demonstrate persistence in trend, sustained momentum, and respect for key structural levels. Strength in Wave III is not defined by speed alone, but by internal alignment and structural continuity. An aggressive scenario allows for an extension of Wave 5 within Wave III. In such a case, the final subdivision may accelerate beyond standard Fibonacci expectations, producing steeper price action and increasingly shallow pullbacks. However, a conservative view suggests the current advance may be approaching structural maturity, opening the door for a corrective Wave IV before any further impulsive continuation. The market is a strict executor. It does not follow opinions — it follows structure. If structure holds, continuation remains valid. If structure fails, reassessment becomes discipline, not doubt. Gold Spot / U.S. Dollar May 15, 2024 The wave principle is a high-probability forecasting tool Patterns whisper. Structure decides. The market executes. I interpret. Patterns whisper. Structure decides. The market executes. I interpret. — Mr. Nobody