SPX remains vulnerable to a potential shakeout before reaching the 6250–6265 targets
$S&P 500(.SPX)$ remains vulnerable to a potential shakeout before reaching the 6250–6265 targets.
Watch the Daily FVG support at 6175–6146 for long opportunities toward those levels for the 5th wave.
The ultimate upside target is 6500, but a break below the 2/4 trendline, around 6100, would warn of a delay -> likely triggering a retest of the 50- and 200-day MAs first.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2509(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2509(NQmain)$
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