SPX: Monday Pullback Likely Unless 6774 Breaks
Nice bounce by $S&P 500(.SPX)$ bulls, but today's gains will be ERASED on Monday as price remains in the 3rd wave wave position 🔻
As long as price does not cross today's 6774 high, another sharp leg down is expected targeting 6600-6550 🎯
A 4th->5th wave sequence would be expected to follow before a corrective Santa Rally into December 🎅
Above 6774 would bring risk to sideways consolidation or the weekly high being crossed ⚠️
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2512(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2512(NQmain)$ $Dow Jones(.DJI)$ $iShares Russell 2000 ETF(IWM)$
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