$SPX Rally Corrective, Bias Down Despite 50-DMA Reclaim
Although the bounce following the $E-mini S&P 500 - main 2603(ESmain)$ sell signal was anticlimactic, the setup remains the same.
The $S&P 500(.SPX)$ rally appears corrective, and despite the 50-DMA reclaim, the bearish SMT w/ $Dow Jones(.DJI)$ keeps my bias down.
I'm watching for a grind up to today's high and/or the 61.8% retrace to act as resistance before lower.
A close below 6770 triggers a swing short, while a cross of 6720 confirms a flash crash to 6400.
Bulls need a daily close above 6803 for a potential bullish shift.
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