Optimal Short Zone at 6883–6915 as SPX Approaches Key Daily FVG
$S&P 500(.SPX)$ kissed the 61.8% retrace and respected ~6811 FVG resistance. The 2nd wave is either complete or one leg away from terminating. Leaning toward one more push higher, but CPI can change that fast. An H4 iFVG favors it — and CPI tomorrow becomes the catalyst for the 3rd wave decline into the Monthly FVG at 6550. But the cleaner setup is a push into 6883–6915 — the Daily FVG that already rejected price twice. ▸ That's the optimal short zone. H4 FVG at 6760–6734 is the decision zone. ▸ Holds — another leg higher. ▸ Inverts — 3rd wave is underway. CPI decides. $SPDR S&P 500 ETF Trust(SPY)$$E-mini S&P 500 - main 2603(ESmain)$
$SPX Rally Near 6900 May Precede Major Wave 3 Decline
Today's snapback rally just confirmed the structure. $S&P 500(.SPX)$ 1st wave decline — complete. Now correcting in the 2nd wave. Watching for a 61.8–78.6% retrace into the Daily FVG at 6883–6915. That zone already rejected price hard twice — don't expect the third time to be friendly. If this correction completes there, the 3rd wave down will DWARF what we just saw. ALT: If we can't close above the first FVG resistance ~6811, CPI Wednesday could kickstart the 3rd wave without the deeper retrace. Feb 12: " $E-mini Dow Jones - main 2603(YMmain)$ now has a SELL SIGNAL on deck." Since then? The largest decline since April. The sell signal worked. The top is in. And it's not done. I don't miss. For SG
$SPX Near 3rd Wave Trigger as CPI Becomes Key Catalyst
$S&P 500(.SPX)$ missed the 3rd wave confirmation by 1 point. But the damage is done. Odds strongly favor the 3rd wave is already in progress. A cross below 6,710 confirms it. If that occurs, 6,550 is coming. New bearish Daily FVG at 6,773–6,811 should act as resistance on a bounce. Daily close above 6,811 delays it. CPI Wednesday. Catalyst incoming. ALTERNATE: Since SPX did not cross its weekly low at 6,710, the bullish SMT with $Dow Jones(.DJI)$ persists. If price rallies without crossing 6,710 and closes above 6,811 on the Daily, the new Daily FVG inverts — meaning the 2nd wave is still progressing to target the higher Daily FVG at 6,883–6,915. CPI then terminates the 2nd wave and charges the 3rd wa
$SPX Hits 6,720 as Forecast Rally Sets Up Next Leg to 6,550
$S&P 500(.SPX)$ swept 6,720. Exactly as projected ✅ Don't let this bounce fool you. This rally is a bearish 2nd wave — setting up the 3/4/5 wave sequence flush to 6,550. The Daily FVG at 6,883–6,915 should once again act as resistance. NFP Friday could be the match that lights the 3rd wave. The bigger move is still down. $E-mini Dow Jones - main 2603(YMmain)$ was the tell last night... Supporting the potential that the E-Wave is already complete, YM retraced 50% of its 3rd wave. If so, the 4th wave should be complete to begin declining for the 5th wave down. The path of least resistance looks like 48,092 level as there are now equallows there. However, above today's high would invalidatethe 4th wa
$SPX Triangle Complete Target 6,720–6,500 Watch 6,915 Close
The triangle I've been tracking on $S&P 500(.SPX)$ is nearing completion, if not already complete. A-B-C-D-E. Textbook. Right into the Daily FVG resistance at 6,883–6,915. This is where it terminates. What follows is a sharp C-Wave decline to SPX 6,720–6,500. ⚠️: Daily close above 6,915 threatens crossing the triangle invalidation at 6,953. The setup is here. The move is next. Bookmark this. PS: New weekly update — setting the stage for a pivotal week. $SPX holds a bearish triangle setup and could see a sharp resolution lower as soon as this week. 6,720 is the high probability target with downside scope to 6,500. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG,