$SPX blasted higher as expected!
$.SPX(.SPX)$ blasted higher as expected! However, all this euphoria today is a strong psychological characteristic of a 5th wave.
We have not topped just yet, but that should come shortly as we have reached the minimum target of Wave C of [W5] of Wave 5.
FOMC is tomorrow - don't be shocked to see today's gains erased, but we still can see more upside to 6000-6080 first.
The loss of 5880 is a warning sign with below the 50% retrace of the Wave B rally and 0-B trendline favoring [W5] completion.
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I had high conviction the dip would get bought at the blue box to take price to new all time highs due to my WXY model disregarding US Election noise.
Once the WXY model was confirmed, SPX blasted 230 points higher just 2 days later.
Trade Set Ups🟢🟡🔴: $E-mini S&P 500 - main 2412(ESmain)$ $SPDR S&P 500 ETF Trust(SPY)$
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