$SPX May Have Finished Its Final Rally

Back in June, I was looking for one final W5 push higher before the larger cycle correction.

We got it.

Now the picture is changing.

$S&P 500(.SPX)$ is starting to reverse, while the bearish SMT with $NASDAQ 100(NDX)$ remains intact.

More importantly, I can now count the advance in multiple ways that point to the same conclusion:

The rally may be complete.

That shifts my focus completely.

I’m no longer looking for the next breakout. I’m watching for the reset.

🎯 Target zone: 7,200–6,900
📉 Potential correction: roughly 8–10%
⏳ Time frame: the next couple of months

The interesting part is that this setup is developing as the broader market enters a much more uncertain September.

Rising yields, inflation concerns and geopolitical risks are already making the tape more sensitive to macro data.

But I’m not trying to call every red candle.

The key is whether price confirms the larger reversal.

For me, the sequence is simple:

W5 complete → bearish SMT holds → structure breaks → reset begins.

If that sequence plays out, 7,200–6,900 becomes the zone I’m watching.

The cycle may have turned. 👀📉