Confidence has increased the downside momentum will continue
$SPX continues to defend the 5265 high following CPI and formed a impulse down.
The impulse down is a bearish continuation pattern suggesting further downside below 5138 - likely targeting 5090 w/ potential to extend lower.
Overall, confidence has increased the downside momentum will continue lower escalating the [W4] decline.
$SPY $ES_F $NQ_F $QQQ $NDQ
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$ $Invesco QQQ Trust-ETF(QQQ)$ $Destiny Tech100 Inc(DXYZ)$
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- KSR·04-14👍LikeReport