The short-term count has changed.
The $S&P 500(.SPX)$ W4 setup is now invalid, which makes yesterday’s flush look more like W5.e than the start of a sustained rebound.
From here, I’m watching for the 2nd/B-wave rally to keep pushing higher into the next bearish FVG resistance. 👀
That’s the area where I want to see bearish SMT divergence with $NASDAQ 100(NDX)$ start showing up.
If that signal develops, the plan is simple:
🚨 Let the bounce extend
🎯 Watch the FVG resistance
⚠️ Look for bearish SMT
📉 Then sell the rally
The larger structure hasn’t changed.
The bounce may have more room to run first, but the bigger path still points LOWER. 🔻
Markets are always moving - and sometimes, the best move is knowing what works for you.
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