SPX 5th Wave to 6860, Reversal Below 6723
With the new high, $S&P 500(.SPX)$ likely extends toward 6800-6860 for a potential 5th wave, which would overshoot the converging trendline resistance before ideally breaking beneath it to start the correctional phase
For conviction in a reversal, look for a Daily close below SPX 6723 | $E-mini S&P 500 - main 2512(ESmain)$ 6766 to trigger a bearish CISD toward 6644-6619 (FVG support)—especially if the $Dow Jones(.DJI)$ / $E-mini Dow Jones - main 2512(YMmain)$ SMT divergence holds.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini Nasdaq 100 - main 2512(NQmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$ $E-mini Russell 2000 - main 2512(RTYmain)$
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