$SPX Rally Near 6900 May Precede Major Wave 3 Decline

TRIGGER TRADES
03-10 15:33

Today's snapback rally just confirmed the structure.

$S&P 500(.SPX)$ 1st wave decline — complete.

Now correcting in the 2nd wave.

Watching for a 61.8–78.6% retrace into the Daily FVG at 6883–6915.

That zone already rejected price hard twice — don't expect the third time to be friendly.

If this correction completes there, the 3rd wave down will DWARF what we just saw.

ALT: If we can't close above the first FVG resistance ~6811, CPI Wednesday could kickstart the 3rd wave without the deeper retrace.

Feb 12: " $E-mini Dow Jones - main 2603(YMmain)$ now has a SELL SIGNAL on deck."

Since then? The largest decline since April.

The sell signal worked. The top is in. And it's not done.

I don't miss.

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