$SPX remains in strong position to begin the final 3rd wave rally
No change in analysis as $.SPX(.SPX)$ remains in strong position to begin the final 3rd wave rally.
Ideally, the 2nd wave completed at today's 5874 low to resume attacking the 6100 all time high for the 3rd.
Below 5874 would reduce confidence, but the 2nd/3rd wave is invalidated below 5829 with the new high potential invalidated below 5795 ([W2]/[W4] trendline)
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2503(NQmain)$
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SPX confirmed a bullish WXY model for Wave B and shouldbe progressing in the final Wave C of [W5] of Wave 5targeting a new high above 6100 with upside to 6200-6320
That is expected to complete the 15-year rally beforeentering the muti-year bear market with 40-60%downside.
However, a cross below the [W2]/[W4] trendline,currently at 5795, would invalidate such thus favoring thetop is already in.
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- YueShan·01-10Good ⭐⭐⭐LikeReport