$SPX Drops, Eyes Upturn Before Potential Crash Phase
As expected, $S&P 500(.SPX)$ declined sharply for the C-Wave of the flat correction to the blue 4HR FVG at 5532-5460 that should act as support.
Price should now reverse to the upside first targeting 5565-5595, but 5770-5830+ as multi-week targets.
Risk is growing that this would be the final leg up before we set up for the crash phase, however.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2409(ESmain)$ $NASDAQ(.IXIC)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2409(NQmain)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2409(NQmain)$
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https://x.com/TriggerTrades/status/1831119313920835872
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