SPX Hits Key Resistance: Reversal Likely Unless 6830 Breaks

TRIGGER TRADES
11-27

$S&P 500(.SPX)$ just reached the major resistance cluster at the Daily FVG and 61.8–78.6% retrace zone - this zone is where the Wave 2/B-Wave rally likely completes.

Given the shortened holiday week, there is risk the next pullback is only a B/X-Wave to see one more drive into the upper 78.6% retracement -> before the new downtrend resumes.

Bottom line: This Daily FVG zone should reject price for the next leg down — whether immediately or after a brief B/X-Wave detour

SPX closed just under the bearish Daily FVG — the resistance zone where a reversal should form if another leg down is coming.

I'm leaning this is a massive bull trap, but $SPX needs to close below the new bullish FVG at 6715 to send the bearish warning.

A Daily close above 6830 weakens the bear case and opens the path to new highs to 7000

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