SPX continues to fail to break above 5485
$S&P 500(.SPX)$ continues to fail to break above 5485 - keeping the bearish WXY model in tact.
I am leaning we see further downside to 5080-4975 to resolve into a sideways triangle or corrective pullback then rally.
Either way, the rally off the lows is corrective signaling that we should resume the bear market.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2506(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2506(NQmain)$
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