The $.SPX(.SPX)$ decline looks like a bullish WXY model and remains above the [W2]/[W4] trendline.
Therefore, as long as we remain above today's 5923 low, price should begin the 3rd wave rally under [W5] of Wave 5 targeting at least 6128.
SPX did retrace greater than 50% of the January rally,
increasing odds that it is complete, but due to the corrective decline, I am leaning bullish.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2503(NQmain)$
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