The short-term pullback I called for is now playing out. I'm leaning toward more downside before the market finds support.
📉 Two key scenarios to watch for $S&P 500(.SPX)$ :
Path 1: Weekly support at 7,350–7,275.
Path 2: If that support zone breaks, a deeper correction toward 7,000 comes into play.
The bigger picture remains unchanged: my long-term target is still 10,000.
⚠️ $E-mini S&P 500 - main 2612(ESmain)$ JUST DROPPED 200 POINTS — RIGHT INTO THE TARGET
The sell signal was sent.
The setup:
• Bearish SMT divergence with $YM at the prior week's high.
• iFVG trigger confirmed the short setup.
• A sharp Wave 3 decline followed, matching the projected path.
This setup combines the SMT Model with Elliott Wave 2.0 logic.
The framework is now rolling out to EWC Elite members.
Short-term bearish. Long-term bullish. Keep the two timeframes separate.
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