SPXUSDT Wave Structure and Bullish Outlook

After a clean break from the descending structure, SPXUSDT established a solid base within the strong demand zone, followed by a bullish pennant breakout.

The wave count suggests the current move is targeting the $1.77 zone as wave (3) before a minor correction for wave (4), with the projected end of this bullish cycle aiming around $3.20. Immediate support remains at $1.14, and invalidation only occurs on a break below the previous base. Structure remains bullish unless proven otherwise.