SPX has favorably terminated the 2nd wave
$.SPX(.SPX)$ has favorably terminated the 2nd wave at yesterday's 5962 low to continue to extend for the 3rd wave targeting 6180 - but ultimately 6250 for [W5] of Wave 5.
If so, the H4 FVG at 6053-6014 should act as support to extend the [W5] of Wave rally.
The loss of 5962 is a warning sign 5950 will crossed, which would reduce confidence in the 3rd wave rally set up.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2503(NQmain)$
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