$SPX Breaks Daily FVG Support: Is Wave 4 Heading for 7200?
$SPX inverted the Daily FVG support.
Bearish warning now.
Lean: another leg down under W4 → 7235–7200.
First, a relief bounce into the new bearish Daily FVG.
Then rejection → next wave lower into the June low to complete W4.
Daily close above 7468 flips it back bullish — W4 triangle back in play.
As I mentioned in the update on June 21,
Daily FVG support HELD.
$SPX still positioned for a new all-time high.
W5 targets: 7620–7700.
Price may triangulate inside the FVG, but the primary lean holds.
Daily close below the FVG invalidates.
New highs are the destination.
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