SPX price should not trade below 5721
It remains favored that $S&P 500(.SPX)$ completed a 4th wave at the 5721 low to produce a higher high for a 5th.
Therefore, price should not trade below 5721 targeting 5775-5795-5815 before a pullback returning to this range.
However, the loss of 5721 would favor additional downside to roughly 5682-5660 before resuming the last leg up before the highest degree correction.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $NASDAQ(.IXIC)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2412(NQmain)$
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https://x.com/TriggerTrades/status/1840530984346776042
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