SPX500 Macro Fibonacci Projection – Eyeing 7190+

🗓️ Posted by Wavervanir International LLC | June 26, 2025

The S&P 500 continues to respect key Fibonacci zones on the macro scale. After a strong recovery from the recent correction near the 0.5–0.618 retracement region (4800–5100), price is now hovering near critical confluence at the 1.0 level (~6150).

We’re tracking a bullish extension path toward 1.382 and 1.618 Fibonacci levels, which gives us a primary upside target zone between 7,190 and 7,795 — aligning with the projected long-term wave expansion. This structure favors a continued institutional accumulation phase, supported by macroeconomic resilience and liquidity conditions.

🔶 Key Levels to Watch:

Major Support: 4838.28 (0.5 Fib Retest)

Immediate Resistance: 6170–6200

Target Range: 7190.71 → 7795.41

🧠 Bias remains bullish unless price breaks back below 5830 with volume.

This is not financial advice. Shared for educational and strategic insights.
Let me know your thoughts, traders!

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