$SPX Has Two Paths, Both Still Point Lower

TRIGGER TRADES

09-03

The $S&P 500(.SPX)$ sell signal played out.

Targets were hit.

Now today’s low becomes the key level to watch. 👀

If it holds, I’m looking for a relief bounce first, with the Daily FVG resistance as the initial area to watch.

But if today’s low breaks, that could be the trigger for W3 to start expanding lower.

Either way, I don’t think the bigger picture changes much.

A hold could give us a bounce.

A break could accelerate the downside.

But once that bounce or breakdown resolves, the setup still favors lower.

So for me, today isn’t really about guessing the direction.

It’s about watching the low.

Hold it → bounce first.

Lose it → W3 lower.

Either path keeps the downside bias in play. 📉

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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