Bearish Divergence Signals Momentum Loss in SPX
We got our much more significant bearish SMT divergence as $E-mini Dow Jones - main 2512(YMmain)$ made a new high without $E-mini S&P 500 - main 2512(ESmain)$ or $E-mini Nasdaq 100 - main 2512(NQmain)$ , warning that momentum is slowing.
Prices can use the Daily FVG (ES 6830–6772 | SPX 6807–6730) as support for one more push toward 7000–7050, but:
• Daily close below ES 6772 | $S&P 500(.SPX)$ 6730 = SELL SIGNAL ⚠️
If the sell signal triggers, W5 of Wave 3 is complete and the next leg down begins to SPX 6550 major support.
$SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$ $Dow Jones(.DJI)$ $iShares Russell 2000 ETF(IWM)$
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