$SPX Crossed Last Week’s Low. The Downside Setup Is Still Active

TRIGGER TRADES
09-30

$S&P 500(.SPX)$ MORE DOWNSIDE. ⚠️

Price crossed last week’s low and came close to triggering the Daily sell signal — but did NOT trigger it.

The next level I’m watching:

$SPX below 7,657 = A = C

For $SPDR S&P 500 ETF Trust(SPY)$ , 762 is the trigger.

If that level breaks, watch for a potentially sharper bearish W3 decline.

$E-mini S&P 500 - main 2612(ESmain)$ is already showing a bearish setup:

• Bearish WXY structure confirmed
• Bearish SMT with $E-mini Nasdaq 100 - main 2612(NQmain)$ remains active
• ABC downside targets are now in play

The setup is getting more aggressive.

7,657 on $SPX and 762 on $SPY are the levels to watch.

If they break, things could get ugly quickly.


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