SPX is nearing completion of the 3.5 month rally
$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ is nearing completion of the 3.5 month rally, if not already complete.
If it produces another leg up to SPX 5200-5250, that is expected to terminate the overall rally leading to the multi-week correction.
However, if price declines directly lower sub:5075, the correction has already begun to 4800. $Invesco QQQ Trust-ETF(QQQ)$ $E-mini S&P 500 - main 2406(ESmain)$ $NASDAQ 100(NDX)$
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SPX opened higher then extended to 5190 🔥
We then expected a pullback down to 5148 from that high 📉
Price immediately dropped to that level right after ✅
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https://twitter.com/TriggerTrades/status/1767036847383859549
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