SPX is ready for the next, and FINAL leg up!
$S&P 500(.SPX)$ is ready for the next, and FINAL leg up!
With price confirming a bullish WXY model at Friday's 5603 low, I am expecting one more leg up under the 2nd wave targeting 5750-5825 to set up for the ultra bearish 3/4/5 wave sequence.
Get ready ! $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2506(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2506(NQmain)$
Here's my analysis yesterday：
Despite the SPX struggles, I am still expecting further rally to 5750-5825 for the 2nd wave before the ultra bearish 3rd.
We could see downside manipulation to 5631-5597 before reversing higher, but leaning we continue to close above 5597.
Simply put - one more wave up to the blue box is favored before the next big leg(s) down.
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