$SPX now holds a more bearish pattern
$E-mini S&P 500 - main 2412(ESmain)$ followed through with the 4th wave pattern declining 80 points, but SPX did not.
However, $.SPX(.SPX)$ now holds a more bearish pattern - forming a WXY model for a 2nd wave. If we trade below 5890 the WXY model will confirm.
Therefore, price has potential to enter a powerful 3/4/5 wave sequence targeting the Weekly FVG at 5700-5630 directly.
If we do not trade below 5890 to confirm the WXY model, there is risk for further rally to 5955.
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$SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2412(NQmain)$ $Invesco QQQ(QQQ)$
From yesterdays highs, we expected a 5th wave decline taking price below the $E-mini S&P 500 - main 2412(ESmain)$ 5876 3rd wave extreme 📉
ES_F then rapidly declined 80 points from the 4th wave to end of the 5th 🔥
Trade Set Ups🟢🟡🔴:
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