SPX: Key Levels to Watch for Wave 2 Completion and Wave 3 Decline Initiation
$.SPX(.SPX)$ 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.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2503(NQmain)$
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