$SPX Hits 6,720 as Forecast Rally Sets Up Next Leg to 6,550
$S&P 500(.SPX)$ swept 6,720. Exactly as projected ✅
Don't let this bounce fool you.
This rally is a bearish 2nd wave — setting up the 3/4/5 wave sequence flush to 6,550.
The Daily FVG at 6,883–6,915 should once again act as resistance.
NFP Friday could be the match that lights the 3rd wave.
The bigger move is still down.
$E-mini Dow Jones - main 2603(YMmain)$ was the tell last night...
Supporting the potential that the E-Wave is already complete, YM retraced 50% of its 3rd wave. If so, the 4th wave should be complete to begin declining for the 5th wave down. The path of least resistance looks like 48,092 level as there are now equallows there.
However, above today's high would invalidatethe 4th wave and lead to reassessment of the count
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