SPX 4th-Wave Pullback Signals 5th-Wave Rally
$S&P 500(.SPX)$ expanded its 4th-wave pullback - retracing 38.2% of the 3rd inside Daily FVG support (6870–6807)
It closed with two bullish divergences🔃 — $E-mini Nasdaq 100 - main 2512(NQmain)$ held its weekly gap, and $E-mini Dow Jones - main 2512(YMmain)$ held its 9:30 low
Therefore, lean is the 4th wave completed at close ✅, setting up for a 5th-wave rally toward 6950 🎯
Confidence fades below 6807, with a Daily close below sending a bearish warning 🚨
⚠️After a new high, a reversal is expected, as that would complete a 5-wave advance from the Oct 10 low.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2512(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$
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