Do or Die for $SPX
Do or Die for $S&P 500(.SPX)$ .
$SPX has officially traced out a valid 3-wave structure → equal in length of the initial leg up.
If another leg down is coming, this is the spot.
CPI is the catalyst. Plain and simple.
Daily close below 6618 → higher degree sell signal fires.
Any peak-to-trough decline of 2.05% or more marks the largest pullback of the rally off the lows — the earliest tell the advance is complete.
Sustained rally/close above 6855 (78.6% retrace) would be a bullish warning.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2606(ESmain)$
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