$SPX bearish 3rd wave setup remains intact
Despite the chop, the $.SPX(.SPX)$ bearish 3rd wave setup remains intact.
To maintain full confidence in reaching the 5800-5700-5630 targets, we need to see a sharp reversal lower within the next day or two.
A loss of 5930 would increase confidence in this scenario, but a Daily close above $E-mini S&P 500 - main 2412(ESmain)$ 5992 would begin to threaten the possibility of new highs being crossed.
$SPDR S&P 500 ETF Trust(SPY)$ $.IXIC(.IXIC)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2412(NQmain)$
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