$SPX is fighting for its life, but the 3rd wave decline is inevitable
$.SPX(.SPX)$ is fighting for its life, but the 3rd wave decline is inevitable.Despite the rally, the price action resembles a bearish WXY model for the 2nd wave. Due to the complexity, it is possible the 2nd is already complete or will do so at 5980.The loss of 5920 would boost confidence - that should lead to targeting 5800-5700-5630.Overall, looking lower against 6017, but above 5980 would reduce confidence - barring a sharp reversal following.$SPDR S&P 500 ETF Trust(SPY)$$E-mini S&P 500 - main 2412(ESmain)$$Invesco QQQ(QQQ)$$NASDAQ 100(NDX)$
$E-mini S&P 500 - main 2412(ESmain)$ followed through with the 4th wave pattern declining 80 points, but SPX did not.However, $.SPX(.SPX)$ now holds a more bearish pattern - forming a WXY model for a 2nd wave. If we trade below 5890 the WXY model will confirm.Therefore, price has potential to enter a powerful 3/4/5 wave sequence targeting the Weekly FVG at 5700-5630 directly.If we do not trade below 5890 to confirm the WXY model, there is risk for further rally to 5955.ImageImage $SPDR S&P 500 ETF Trust(SPY)$$NASDAQ 100(NDX)$$E-mini Nasdaq 100 - main 2412(NQmain)$
$.SPX(.SPX)$ continues to fade exactly as predicted! A bearish 5-wave structure has formed, thus the next corrective rally is shaping up to be yet another selling opportunity—fueling the larger, more powerful decline ahead.As long as we stay below 6017, expect every bounce to get sold off, driving us down to the Weekly FVG zone at 5700-5630. A break below 5885 would confirm that Wave C of [W5] of Wave 5 is complete, setting the stage for an even deeper decline. $SPDR S&P 500 ETF Trust(SPY)$$E-mini S&P 500 - main 2412(ESmain)$$NASDAQ 100(NDX)$$Invesco QQQ(QQQ)$
$SPX experienced its largest decline from the recent high
$.SPX(.SPX)$ experienced its largest decline from the recent high after tracing out a 5-wave structure, ideally completing Wave C.With CPI data releasing tomorrow, this could act as the catalyst to drive prices further down.If we break below 5856, it would strongly suggest that Wave C is complete, marking the final [W5] of Wave 5.However, a break above 6017 would mean SPX must form another 5-wave structure upwards, with 6080 as a likely target. $SPDR S&P 500 ETF Trust(SPY)$$E-mini S&P 500 - main 2412(ESmain)$$NASDAQ 100(NDX)$$E-mini Nasdaq 100 - main 2412(NQmain)$</
$SPX has officially fulfilled every wave projection
$.SPX(.SPX)$ has officially fulfilled every wave projection, from the Monthly down to the 1-minute, completing Wave C of [W5] within Wave 5—signaling the apex of an unprecedented, multi-decade rally.The final phase of this historic ascent has now unfolded, with the structure clearly signaling the end of a complete market cycle. This isn’t just another high; it’s a defining moment—a true inflection point for the market. $SPDR S&P 500 ETF Trust(SPY)$$E-mini S&P 500 - main 2412(ESmain)$$NASDAQ 100(NDX)$$E-mini Nasdaq 100 - main 2412(NQmain)$
When $Tesla Motors(TSLA)$ was sitting at 164, I didn’t just see another stock—I saw "the best long setup in the market" and called the bottom at 152.37. 📉 The target? 300. The result? A rocket rally that followed my projected path with pinpoint accuracy, hitting exactly where I forecasted, exactly when I expected. This is the power of a true market vision.TSLA didn’t just rise; it validated everything I laid out. This isn’t luck—it’s precision, it’s preparation, and it’s understanding the market at a deeper level.it turned into a bearish triangle making the consolidation corrective - not impulsiveImageImage