$SPX continues to fade exactly as predicted!
$.SPX(.SPX)$ continues to fade exactly as predicted!
A bearish 5-wave structure has formed, thus the next corrective rally is shaping up to be yet another selling opportunity—fueling the larger, more powerful decline ahead.
As long as we stay below 6017, expect every bounce to get sold off, driving us down to the Weekly FVG zone at 5700-5630.
A break below 5885 would confirm that Wave C of [W5] of Wave 5 is complete, setting the stage for an even deeper decline.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2412(NQmain)$
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