As projected, the $S&P 500(.SPX)$ downside target was reached ✅
Now there is strong risk for a bounce - potentially all the way back to the bearish Daily FVG at 5328-5386.
Primarily just watching for a sideways triangle for that range to act as resistance (lean) - or for price to cross the 5485 high.
Both scenarios would set up for the next major leg down targeting 4600-4400.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2506(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2506(NQmain)$
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