SP 500 Elliott Wave Weekly Update

By Michael Filighera of Logical Signals

Technical Analyst & Trader • Dec 20, 2025 at 11:41 AM EST

We discuss the Elliott Wave weekly update for the S&P 500, focusing on the completion of cycle wave 3, which began in 1949.

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In this week's podcast I discuss the Elliott Wave weekly update for the S&P 500, focusing on the completion of cycle wave 3, which began in 1949. I emphasize that the S&P ais in the finishing stages of this wave, though some Elliotticians are calling it a super cycle or grand super cycle. I explain that I am looking at the cycle level and don't agree that the wave has already finished at the highs.

I do though discuss the market's current state, and put some time in on discussing a failed fifth wave and signs of market exhaustion. I explain the concept of a truncated fifth wave and its implications for the market's direction. I also delved into the history of the 2008-2009 financial crisis, highlighting key events and the subsequent bank takeovers. I presented two potential counts for the market, one suggesting the fourth wave is still in progress, and the other indicating its completion at the November 21st low.

Video Length: 00:43:22

More By This Author:

Nasdaq 100 Elliott Wave Daily Update - Thursday, Dec 18
Gold, Silver, And Platinum Elliott Wave Weekly Update - Monday, Dec 15
Nasdaq 100 Elliott Wave Weekly Update - Sunday, Dec. 14

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