$SPX rallied strongly from the support zone
$.SPX(.SPX)$ rallied strongly from the support zone, but produced a 5-wave decline from the high.
Therefore, this rally is expected to be sold for another modest leg down to around 5800 to complete Wave B with resistance at 6000-6040, if it is not already complete.
As long as price does not tick below the [W2]/[W4] trendline, one final high for Wave C is expected.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2503(NQmain)$
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