The Countdown Begins: SPX Top Confirmed, Next Stop 6500
$S&P 500(.SPX)$ Primary Count |
Macro top is IN.
5-wave structure complete off the April low.
$Dow Jones(.DJI)$ printed a new high. SPX didn't. That's a bearish SMT divergence — and it matters.
Friday's rally? Corrective. Wave 2 noise.
Watch 6954 (78.6%) for rejection.
Break below 6760 confirms the move lower.
Target: 6550–6500 Monthly FVG.
Invalidation: 7002.
SPX Alt |
One more push. Marginal new high to 7025 to complete the structure — then it's over.
$NASDAQ 100(NDX)$ already confirmed its top.
SPX and DJI are next.
Invalidation: 6760
Bottom line: Whether SPX tops here or squeezes one more high out of this market — the macro setup is bearish.
The divergences are screaming. The structure is mature.
It's not about IF. It's about WHEN.
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