SPX reached the 5877-5950 measured targets bringing great risk

TRIGGER TRADES
05-15

$S&P 500(.SPX)$ reached the 5877-5950 measured targets bringing great risk that a HIGHER DEGREE PULLBACK IS IMMINENT.

The cross of the 50% retrace from the 05/07 low would favor such - currently 5743. If so, that should lead to the Daily FVG at 5642-5582.

The bulls would see that terminate a 4th wave to rally for a 5th. The bears need to close below 5582 to increase confidence in the resumption of the bear market.

$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2506(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2506(NQmain)$

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