$SPX has now retraced 50% of the Wave C rally
$.SPX(.SPX)$ has now retraced 50% of the Wave C rally thus bolstering confidence [W5] of Wave 5 is complete.
In the short term, the next bounce is expected to be sold for a 4th around 5890-5912 to decline for a 5th as long as we remain below the 50% of the 3rd, currently at 5930.
Overall, we should continue selling until the Weekly FVG at 5700-5630.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2412(NQmain)$
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From the SPX peak, I alerted a green 🟢 set up suggesting 1-2 month swing shorts targeting the Weekly FVG.
Since then we have declined 150+ points and counting !
Trade Set Ups🟢🟡🔴:
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