$SPX Path 1 Has the Edge. Is 8,400 the Next Target?
The S&P 500 is now trading in the critical 7,300–7,400 zone, with an ABC corrective move unfolding.
This could be the bottom of Wave 4 (W4).
Why does this zone matter? Three major technical signals are converging here:
🔹 Weekly Fair Value Gap (FVG)
🔹 200-day Moving Average
🔹 Bullish SMT divergence against $NASDAQ 100(NDX)$
🎯 THE BULLISH SCENARIO
If Path 1 plays out, this is where the market needs to find support.
Hold this zone, and Wave 5 (W5) could take the $S&P 500(.SPX)$ toward:
🚀 8,000–8,400
⚠️ THE BEARISH ALTERNATIVE
Watch 7,314 closely.
A decisive break below this level would invalidate the current bullish setup and put Path 2 in control, opening the door to a deeper correction before the next major move higher.
💡 MY TAKEAWAY
7,300–7,400 is the zone to watch.
Hold it, and the bullish roadmap stays alive.
Lose 7,314, and the market may need more time to find a bottom.
Let price confirm the next move. Don't guess. 📈
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