SPX - Bearish Breakdown or Bullish Breakout Ahead

TRIGGER TRADES
04-10

Critical day tomorrow for $S&P 500(.SPX)$ as bears NEED to capitalize on a potential bearish WXY model (3-3-3) w/ a cross below 5196-5167 confirming such to increase odds the bear market is resuming to target 4700-4400.

However, if price FAILS to trade below 5196-5167 - instead tracing out a bullish impulse up - there is great risk of invalidating the bear count leading to new all time highs.

The bullish WXY model (3-3-3) from 6147 to 4835 is a red flags for bears, so a bearish model is needed to negate such.

Further rally above 5500 would reduce confidence for bears regardless as that would exceed the 127.2% ext. of the first leg making it less likely the rally corrective.

$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2506(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2506(NQmain)$

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