ES and SPY MACRO analysis

Hey All,
Here is an elliot wave analysis for the MACRO market structure also using SMC and supply demand. I see the ES going down to grab liquidity before it begins its wave 3 (black) upwards towards ATH. This coincides with 2024 election as well which will bring the stock market into ATH and then continue onward to wave 5 to break 5000s in the next years.
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Chart PatternsESTechnical IndicatorsshortSPDR S&P 500 ETF (SPY) StocksWave Analysis

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