SPX is expected to be a buyable dip
$S&P 500(.SPX)$ Although a 5% pullback is anticipated, it’s expected to be a buyable dip—setting up the final leg higher toward 6,500. This aligns with the 61.8% extension of Wave 3 + the upper boundary of the 2021–2025 trendline.
Both primary wave counts then suggest a significant top, with a likely retest of the 5,000 level (a 20–25% correction). The more bearish scenario opens the door for a deeper drawdown, potentially revisiting the 2023 low—implying a 45–60% correction.
In either case, treat the coming dip as a multi-month swing trade, not a long-term buying opportunity.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2509(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2509(NQmain)$
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