SPX Flashes Bearish Divergence
$S&P 500(.SPX)$ closed below the prior ATH, inverting the Daily FVG after a bearish SMT vs. $DJI & $NDX — a clear downside warning.
That said, it’s a low-volume holiday week with bullish seasonality.
Weekly Bias: Neutral/Bearish — expecting chop while price sets the stage for a larger move ahead.
Key Levels:
• Below 6832 → firmly bearish
• Confirm: Daily Close below 6816
Triangle Breakdown ➡️ Target Hit. 📉
We identified the triangle completion called for the drop to 6935
- $E-mini S&P 500 - main 2603(ESmain)$ flushed to the lows ticking 6935 🎯
We then expected a reversal back to the upper trendline from the lows✅
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