$SPX Target Price Drops to 5936 or Below
$.SPX(.SPX)$ confirmed a bearish WXY model during this sideways price action for a 2nd wave.
Therefore, SPX should not cross today's 6008 high to target 5936, if not 5900, with downside potential for more as it enters a 3/4/5 wave sequence.
Lean remains we topped at the 6017 peak (invalidation) targeting the Weekly FVG at 5700-5636.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2412(NQmain)$
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Shorts were alerted after $E-mini S&P 500 - main 2412(ESmain)$ and $E-mini Nasdaq 100 - main 2412(NQmain)$ inverted their m5 FVGs after tracing out a bearish WXY model 📉
Price immediately declined following 🔥
Trade Set Ups🟢🟡🔴:
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