With the additional upside, SPX $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ is expected to continue to extend to 4975-5000 over the next 3-4 weeks before the sharp decline.
However, we should see a buyable pullback to 4858-4846 before another leg up w/ 80-100 point potential for the 3rd of A of [W3].
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We shorted today's highs expecting a reversal to the white box area to then bounce đđ
ES $E-mini S&P 500 - main 2403(ESmain)$ declined 25 points then rallied right off the white box â
We also expected further downside for RTY $E-mini Russell 2000 - main 2403(RTYmain)$ but to bounce at the orange box, & IWM $iShares Russell 2000 ETF(IWM)$ did exactly that đĽ
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