SPX remains set up for more downside to the 5080-4975 range

TRIGGER TRADES
04-20

$S&P 500(.SPX)$ remains set up for more downside to the 5080-4975 range.

We could see a bounce to the 5333-5385 H4 FVG, but that would expected to be sold to those targets since a bearish impulse formed from the Apr. 14 swing high.

From 5080-4975, we could bounce to form a bearish triangle or produce one last leg up above 5485 before beginning the next major leg down - both lead to 4600-4400.

$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2506(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2506(NQmain)$

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