SPX completed a 5-wave advance at the termination zone
$S&P 500(.SPX)$ completed a 5-wave advance at the termination zone, then posted its largest decline since the 09/25 low with a Weekly bearish divergence w/ $Dow Jones(.DJI)$
The lean remains that we continue to fade to the 6644–6619 support zone, opening the door for a 5–6% correction if price closes below that.
I’m leaning bearish against today’s 6754 high, with a Daily close below $E-mini Nasdaq 100 - main 2512(NQmain)$ 25,000 adding further confirmation of a shift in tone toward the downside.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2512(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$
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