$.SPX(.SPX)$ is vulnerable to a 2nd wave pullback as 5-waves have been traced out from the 01/13 low. The loss of 6100 is a strong warning the 2nd wave is occurring and if so, price should target the Daily FVG at 6076-6015.That Daily FVG should then act as support to produce a 3/4/5 wave sequence targeting the 6250-6375 [W5] of Wave 5 targets. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2503(NQmain)$ ImageImage

$.SPX(.SPX)$ made a new high invalidating the bearish 2nd/3rd wave set up. Therefore, it is favored that we are in the [W5] of Wave 5 rally targeting 6250-6375.Further rally is likely, but expect the new Daily FVG at 6076-6015 to act as support for a 2nd wave under [W5].This is invalidated below 5935, but since $ES has yet to cross its own respective high (SPX 6150 | ES 6184), SPX should remain above that until $E-mini S&P 500 - main 2503(ESmain)$ crosses that peak. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$

$.SPX(.SPX)$ should be close to completing the 2nd wave correction before beginning the powerful 3rd wave decline.The current rally may hold a potential 5-wave impulse up if we decline immediately, but a quick new high to 6030-6050 would turn the rally into a bearish 7-wave price swing.There is a Daily FVG at 5931-5872 that could act as support, but a Daily close below 5872 would strongly favor the 3rd wave decline beginning. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$

$.SPX(.SPX)$ should trace out a clear 3-wave move in the 5975-6030 range to terminate the 2nd wave before the powerful 3rd wave decline.We could see a bit more upside, but the 5890-5845 area should act as support for the final leg for the 2nd wave.However, a Daily close below 5872 would be a strong indication the 2nd wave is complete & the 3rd wave decline is beginning. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2503(NQmain)$ ImageIma

$.SPX(.SPX)$ is locked in the 2nd wave position, gearing up for a monstrous 3rd wave flush after completing its 15-year top.Be on watch for a pullback to 5890-5845 piercing the CPI gap before terminating the 2nd wave in the 5975-6030 range.If so, price should begin a powerful melt down for the 3rd, setting the stage for the multi-year bear market crash phase. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2503(NQmain)$ ImageWith price crossin

$.SPX(.SPX)$ TOP CONFIRMED!With the break of the [W2]/[W4] trendline, SPX has officially topped at the 6099.97 peak, marking the completion of a massive 15-year wave cycle from the 2009 low (!!).The unraveling begins now. Over the next 1-3 years, a 40-60% decline from the peak is anticipated, with every rally met with relentless selling until we reach 3400-2700.This is no ordinary correction—prepare for chaos. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq

$.SPX(.SPX)$ is just 20 points away from the pivotal [W2]/[W4] trendline, which would signal the top.With that said, my lean remains that the trendline won’t be crossed, leading to one final high, with 5870+ as the first indication and 5915+ confirming such.However, a move just below the trendline, 5808, would confirm the top is in, marking the start of the major bear market decline. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2503(NQmain)$

No change in analysis as $.SPX(.SPX)$ remains in strong position to begin the final 3rd wave rally.Ideally, the 2nd wave completed at today's 5874 low to resume attacking the 6100 all time high for the 3rd. Below 5874 would reduce confidence, but the 2nd/3rd wave is invalidated below 5829 with the new high potential invalidated below 5795 ([W2]/[W4] trendline) $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2503(NQmain)$ ImageSPX confirmed a b

$.SPX(.SPX)$ should have terminated the 2nd wave to kickstart the 3rd under the final Wave C of [W5] of the Wave 5 rally. A break above 5920 would favor this, opening the door to 6080-6130 for the explosive 3rd wave move.Overall, I'm looking higher against 5829, expecting this final rally to ultimately push towards 6200-6320. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2503(NQmain)$ ImageSPX confirmed a bullish WXY model for Wave B and sho

$.SPX(.SPX)$ is progressing in the 2nd wave position under Wave C targeting 5934-5876, which should act as support.If that support is reached, that would be an excellent long opportunity for the 3rd wave rally targeting the 6100 high.Overall, ultimately expecting price to reach 6200-6320 for the final leg of [W5] of Wave 5 as long as we remain above the 5829 swing low (invalidation). $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2503(NQmain)$</

$.SPX(.SPX)$ has confirmed a bullish WXY model to terminate Wave B thus beginning the grand finale - Wave C of [W5] of Wave 5.Now the 5829 low should not be crossed to now blast to new highs targeting 6200-6320 in 1-2 months.But make no mistake, once we hit those targets, the party will come to an end, paving the way for the much-anticipated, multi-year bear market. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2503(NQmain)$ ImageSPX confirm

$.SPX(.SPX)$ 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. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2503(NQmain)$ ImageSPX failed to rally for the fractal 5th wave thus resolvingthe pattern as a 5-wave up from the August low for WaveÃ

2025 will be apart of a historic collapse, as $.SPX(.SPX)$ is primed to see a multi-year bear market declining 40-60%.Expect a new high in the upcoming weeks, but that will be a bull trap marking the top of a 16-year rally.A break below the [W2]/[W4] trendline would confirm such.SPX failed to hold support - now favoring a modest new low to 5805 to complete the Wave B correction.$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2503(NQmain)$Image

$.SPX(.SPX)$ failed to rally for the fractal 5th wave thus resolvingthe pattern as a 5-wave up from the August low for WaveA signaling the [W5]rally as incomplete.SPX should be progressing in the Wave B position to seeone more lower low to 5805 to terminate the correctivepullback before a modest final rally above 6100 touttimately complete Wave C of [W5] of Wave 5.However, a cross below the [W2]/[W4] trendline,currently at 57ó5, would invalidate such thus favoring thetop is already in. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main

$.SPX(.SPX)$ has either completed the 2nd wave, or is about to, before taking off for the 3rd wave under the final Wave C of [W5] of Wave 5 rally.5915 is expected to act as support to push price to 6130-6150 for the 3rd, but the rally should ultimately terminate in the 6200-6250 range. Not expecting a lower low sub:5832, but it is allowed as long as we do not cross the [W2]/[W4] trendline. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2503(NQma

It is favored that $.SPX(.SPX)$ completed the Wave B correction and is in the final Wave C of [W5] of Wave 5 position that should make a new high.If so, price should find support at 5978-6007 after price completes the current 5-wave impulse to then attack the all time highs. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2503(NQmain)$ ImageSPX falled to rally for the fractal 5th wave thus resolvingthe pattern as a 5-wave up from the August lo

$.SPX(.SPX)$ rallied strongly from the support zone, but produced a 5-wave decline from the high.Therefore, this rally is expected to be sold for another modest leg down to around 5800 to complete Wave B with resistance at 6000-6040, if it is not already complete.As long as price does not tick below the [W2]/[W4] trendline, one final high for Wave C is expected. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2503(NQmain)$ ImageImage

This $.SPX(.SPX)$ decline looks corrective from the high, and I can only count 5-waves up from the August low to mark the completion of the newly labeled Wave A under [W5]Therefore, leaning this decline gets bought above the [W2]/[W4] trendine, 5730, with support at 5867-5805 for Wave B.We could see price form a zigzag or even a triangle for Wave B, but a new high is expected to be made in 1-2 months.However, a cross below the [W2]/[W4] trendline would invalidate this and confirm that the top is already in. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $NASDAQ 100(NDX)$

With today’s decline, a strong case can be made that the $.SPX(.SPX)$ top is in.However, a cross of the [W2]/[W4] trendline, currently at 5730, is needed to confirm this with maximum confidence.Given the failure to make the fractal high to complete the wave structure, there’s concern that the [W5] rally may still be progressing.I’m open to the possibility of one final high if we remain above the [W2]/[W4] trendline, with potential support at 5867-5800.That said, a failure to quickly recover would increase the likelihood that today’s decline isn’t corrective. While I lean towards $iShares Russell 2000 ETF(IWM)$ and $.DJI(.DJI)$ topping, I’m not certain about SPX an