SPX declined for another leg lower as anticipated

TRIGGER TRADES
02-28

$S&P 500(.SPX)$ declined for another leg lower as anticipated, though a b-wave triangle formed, suggesting this flush will terminate the 1st wave.

Price hit the downside targets, so ideally we begin a 2nd wave rally that would currently project to 6009-6043, with 5910+ increasing odds.

That said, a bounce followed by new lows could push us toward 5845-5815, possibly even the main downside target of 5773 before the 2nd wave.

Either way, keep an eye out for a solid 2nd wave rally before the next big drop escalating the new bear market.

$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2503(NQmain)$

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