$S&P 500(.SPX)$ was rejected at the resistance zone between 5993 -6009, forming a bearish structure. This opens the door for a direct decline to the 5860-5890 area.
However, a break above 5987 should lead to 6024-6043, which would be a high probability short zone.
Primarily, I expect any rally to be sold, leading to another leg down. A daily close below 5903 would favor 5773 as the easy downside target.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2503(NQmain)$
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