$SPX Bounces Into the Sell Zone as Bearish Wave Resumes
$S&P 500(.SPX)$ bounced, but the rally may be running into resistance. 📈
Price is moving higher within the 2/B-wave rebound, with the Daily FVG now serving as the next upside target.
⚠️ That zone is expected to cap the recovery.
If resistance holds, the rebound could give way to the next leg lower, continuing the bearish 5-wave decline from the recent peak.
The key level to watch is 7750.
🔴 Below 7750: bearish structure remains intact
🟡 At the Daily FVG: watch for the rally to stall
🟢 A close above 7750: first warning that the bearish setup may be losing control
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