The buying mania of U.S. stocks continues. The hourly S&P 500 (SPX) chart courtesy of Trading View illustrates its progress since the 10/10/25 micro crash.
The slow choppy nature of the rally has the appearance of an Elliott wave – Ending Diagonal Triangle. These are terminal structures, if the count is correct the SPX could make a marginal new all-time high, most likely on 10/24/25.
If SPX can make a new high, it may not last very long.
Whether SPX makes a new high of fails to reach new highs – watch 6,655.69. A break below this important support could be the prelude to another micro crash.
Four Dimension Trading 