$S&P 500(.SPX)$ remains range-bound, but is expected to reverse while below 5342.
The current rally counts as a bearish WXY that should negate the potential bullish ABC down at the 5257 swing low.
Therefore, both scenarios should produce another leg down targeting 5240-5211.
I lean the more bearish variation.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$ $E-mini Nasdaq 100 - main 2406(NQmain)$ $Invesco QQQ(QQQ)$
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