SPX produced a corrective ABC down structure to the Daily FVG support
$S&P 500(.SPX)$ produced a corrective ABC down structure to the Daily FVG support.
The structure remains bullish setting up for a new high above 6482 with upside to extend 38.2-50-61.8% of the August rally.
However, the loss of today’s low is a warning that we will close below the FVG support, which would send a sell signal targeting 6270-6175 that can potentially be a sharp, C-Wave of a flat correction before resuming higher.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2509(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2509(NQmain)$ $Dow Jones(.DJI)$ $E-mini Dow Jones - main 2509(YMmain)$
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