$SPX Has Two Paths, Both Still Point Lower
The $S&P 500(.SPX)$ sell signal played out.
Targets were hit.
Now today’s low becomes the key level to watch. 👀
If it holds, I’m looking for a relief bounce first, with the Daily FVG resistance as the initial area to watch.
But if today’s low breaks, that could be the trigger for W3 to start expanding lower.
Either way, I don’t think the bigger picture changes much.
A hold could give us a bounce.
A break could accelerate the downside.
But once that bounce or breakdown resolves, the setup still favors lower.
So for me, today isn’t really about guessing the direction.
It’s about watching the low.
Hold it → bounce first.
Lose it → W3 lower.
Either path keeps the downside bias in play. 📉
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