$SPX Rally Trap Incoming? 6454–6568 Is the Ceiling
W5 targets have been met ✅
While the 5-waves down calls for an upside retracement, $S&P 500(.SPX)$ has formed Daily FVG resistance at 6454–6568.
That FVG is expected to CAP any rally.
Mondays have been bullish — but I expect any bounce to stay shallow and get rejected at 6454–6568 to produce another leg down.
ALT: If we see more downside Monday/fail to rally, this would be favored as a W3 — not a W5 — meaning price continues declining directly to the Monthly FVG at 6178.
There is also no longer a bullish SMT divergence with $Dow Jones(.DJI)$ , which would have warned of a larger bounce. We don't have that now.
Sometimes I amaze myself.
Last night's plan called for the $E-mini S&P 500 - main 2606(ESmain)$ H1 FVG to act as resistance → decline to ES 6483.
The path played out EXACTLY. ✅
Members banked. 💰
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