On June 30, 2025, the S&P 500 (SPX) could complete the final wave of an Elliott pattern that began in March 2020.
The 15 – minute SPX chart courtesy of Trading View examines the rally that began on 06/23/25.
The fifth Minute degree wave of the presumed Elliott wave impulse that began on 06/23/25 could terminate on 06/30/25.
The presumed Minute wave [iv] bottomed out just above a Fibonacci .236 retracement of the 06/23/25 to 06/27/25 rally.
Also, Minute wave [iv] bottom at 6,132.35 was just below a Fibonacci .50 retracement of the 06/25/25 to 06/27/25 rally. The SPX bottom between two Fibonacci coordinates is strong evidence that the presumed Impulse wave up from 06/23/25 is still under construction.
If so, there’s a high probability SPX could at least marginally exceed the intraday high of 06/27/25 at 6,187.68. Broad topping zone is 6,190 to 6,215. There are two Fibonacci coordinates at 6,202.51 and 6,208.89.
If the SPX fails to reach a new high on 06/30/25 and goes below the 06/27/25 bottom at 6,132.35 an important peak may have been made on 06/27/25.
If the SPX makes a new all-time high on 06/30/25 it will be outside the Lunar peak zone for the New Moon on 06/25/25.
However, there could be another time cycle in play. Sometimes markets can turn on a new year or a new month. June 30, 2025, is the final trading day for June and the last trading day of the second quarter for 2025.
SPX could make an important peak in the first hour of trading on June 30, 2025.
Four Dimension Trading 