SPX Bearish Setup Builds as 3-Wave Rally Fades

TRIGGER TRADES
12-10 16:07

Today’s $S&P 500(.SPX)$ bounce was nothing more than a corrective 3-wave rally inside a larger 5-wave bearish decline.

The structure is primed to drive price straight into last week’s 6800 low/support.

With the bearish SMT at the Nov 12 high still firmly intact and intraday structure deteriorating, the bearish setup is not just valid—it’s strengthening.

A close below 6715 ignites the downtrend and opens the move into 6400–6350 with high conviction.

$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2512(ESmain)$ $E-mini Nasdaq 100 - main 2512(NQmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $Dow Jones(.DJI)$

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