SPX 4th-Wave Low Confirmed at 6814
$S&P 500(.SPX)$ extended its 4th-wave pullback to the lower end of the Daily FVG support (6870–6807)
A long signal 📈 was sent after a bullish SMT at the PDL followed by H1 iFVG confirmation
Therefore, the 4th wave is favored as complete✅ at the 6814 low targeting 6950 for the 5th wave 🎯
However, a reversal would be expected following the 5th wave 📉- potentially of a higher degree.
A cross under 6814 would invalidate the 4th->5th set up, but a Daily close below 6749 would be needed to favor a bearish reversal.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2512(ESmain)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2512(NQmain)$ $Dow Jones(.DJI)$ $iShares Russell 2000 ETF(IWM)$
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