SPX confirmed a bullish WXY model
$S&P 500(.SPX)$ confirmed a bullish WXY model at today's 5732 low - favoring [W4] termination to begin the final [W5] rally.
If so, 5732 should not be crossed to escalate [W5] ultimately targeting 6200-6250 before topping.
However, if 5732 is crossed, the next wave down may be a bearish 5th wave targeting 5708 - flipping from a bullish to bearish bias suggesting the top is already in.
That is invalidated above 5865, which would support the bullish outlook (lean).
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2503(NQmain)$
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