SPX reached the 6250-6265 targets
$S&P 500(.SPX)$ reached the 6250-6265 targets✅ but holds a potentially complete 5-wave up structure that threatens a higher degree pullback⚠️
Although while above the 2/4 trendline (now near 6150), there's still room for a direct upside extension toward 6340 or the 6500 ultimate target 🎯
However, a break below that trendline would suggest a retest of the 50+200 DMAs. A Daily close below 6210 is the first indication of a reversal.
Currently neutral after target completion — but I’ll turn bearish on a break below the 2/4 trendline.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2509(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2509(NQmain)$
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