$S&P 500(.SPX)$ 5120 target reached✅Watch for a 4th wave bounce here to 5240-5280.
Expecting that to be sold, but may wait until we get a green candle Monday to sell off for the 5th targeting 5000 or lower.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2506(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2506(NQmain)$
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This was my analysis from yesterday:
5400 target reached ✅ Now, SPX is primed to keep cratering in the ultra-bearish 3rd wave, with a target of 5300 on the horizon.
Watch for a brief fractal bounce soon, but it’ll barely retrace 23.6-30-38.2% of the drop from Thursday's high before we dive into another leg lower.
The odds favor breaking the 5120 swing low – or at least getting dangerously close.
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