$SPX at a Critical Juncture: Hold 7272 or Risk a 10–20% Decline
$S&P 500(.SPX)$ just printed its largest decline since the March low after hitting the termination targets.
Higher-degree correction. CONFIRMED.
Line in the sand: Weekly FVG 7330–7272 support.
Everything for the next 3 months hinges on that zone.
Weekly Close Below 7272 = SELL SIGNAL
Scenario 1:
→ 10–20% correction
→ 6800–6200 for the larger W4
→ that read takes over the second the FVG inverts
Scenario 2?
→ smaller w4 terminates
→ rally back toward 8000 into year-end
→ unlikely on close < 7272
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2606(ESmain)$
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