$SPX - The current rally may hold a potential 5-wave impulse up
$.SPX(.SPX)$ should be close to completing the 2nd wave correction before beginning the powerful 3rd wave decline.The current rally may hold a potential 5-wave impulse up if we decline immediately, but a quick new high to 6030-6050 would turn the rally into a bearish 7-wave price swing.There is a Daily FVG at 5931-5872 that could act as support, but a Daily close below 5872 would strongly favor the 3rd wave decline beginning. $SPDR S&P 500 ETF Trust(SPY)$$E-mini S&P 500 - main 2503(ESmain)$$Invesco QQQ(QQQ)$$NASDAQ 100(NDX)$
$.SPX(.SPX)$ TOP CONFIRMED!With the break of the [W2]/[W4] trendline, SPX has officially topped at the 6099.97 peak, marking the completion of a massive 15-year wave cycle from the 2009 low (!!).The unraveling begins now. Over the next 1-3 years, a 40-60% decline from the peak is anticipated, with every rally met with relentless selling until we reach 3400-2700.This is no ordinary correction—prepare for chaos. $SPDR S&P 500 ETF Trust(SPY)$$E-mini S&P 500 - main 2503(ESmain)$$Invesco QQQ(QQQ)$$NASDAQ 100(NDX)$$E-mini Nasdaq
$SPX and $NDX still have one last high to make before the inevitable top
The devastating bear market is nearing its final stages, but $.SPX(.SPX)$ and $NASDAQ 100(NDX)$ still have one last high to make before the inevitable top. 🚨Meanwhile, $.DJI(.DJI)$ and $iShares Russell 2000 ETF(IWM)$ have already topped, breaking through their critical multi-year trendlines, yet a corrective 2nd wave rally is expected to form a bearish divergence at the top. 🔻Final targets: $.SPX(.SPX)$ : 6100-6200-6320 $NASDAQ 100(NDX)$ : 22130-22350-23000 $.DJI(.DJI)$ : 43951-44574