$SPX is expected to continue lower to 5805 to terminate the Wave B rally

TRIGGER TRADES
01-03

$.SPX(.SPX)$ is expected to continue lower to 5805 to terminate the Wave B rally.

Once complete, price would set up for its last leg up - Wave C of [W5] of Wave 5

The ultimate Wave C rally will start the new year off with a bang targeting 5200-5250 only to top out.

$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2503(NQmain)$

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SPX failed to rally for the fractal 5th wave thus resolvingthe pattern as a 5-wave up from the August low for Waveà signaling the [W5] rally as incomplete.

SPX should be progressing in the final Wave C of [W5] ofWave 5 targeting a new high above 6100 with upside to6200-6250

That is expected to compelte the 15-year rally beforeentering the multi-year bear market with 40-60%downside.

However, a cross below the [W2]/[W4] trendline,currently at $730, would invalidate such thus favoring thetop is already in.

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