$SPX at Critical Support: 6816 Is the Line

TRIGGER TRADES
01-05

Following bearish SMTs, $S&P 500(.SPX)$ is testing the key Daily FVG support at 6816.

A daily close below 6816 would confirm the sell signal toward 6550 - a break of Friday’s low likely seals the deal.

The larger implication: A loss of 6650 confirms the start of a major Wave 4 correction, with downside scope toward 5500.

$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2603(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2603(NQmain)$ $Dow Jones(.DJI)$ $E-mini Dow Jones - main 2603(YMmain)$ $iShares Russell 2000 ETF(IWM)$

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