DO-OR-DIE SPOT FOR $SPX
$.SPX(.SPX)$ 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.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2503(NQmain)$
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SPX is hovering right above the major [W2]/[W4] trendlinethat is the line in sand for the bear market correction. Aslong as price remains above that, we should see one morehigh for the final Wave C of [W5] of Wave 5 rally.
That is expected to complete the 15-year rally beforeentering the multi-year bear market with 4Ã-60% downside.
However, just a tick below the trendline, 5808, wouldsignal the top is already in and the bear market has begun.
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