$SPX Lost 7681. The Bearish Move Is Underway
$S&P 500(.SPX)$ SELL SIGNAL TRIGGERED. 🚨
The Daily FVG support has officially failed, and the close below 7681 gives us the confirmation I was waiting for.
That level was the line in the sand.
Once 7681 broke, the bullish FVG flipped into an iFVG and the bearish setup became active. Now I’m looking for the downside to develop rather than trying to chase another push higher.
🎯 First measured-move target: 7570–7550
That’s the immediate zone I’m watching. But honestly, I’m more interested in what happens after we get there.
If momentum continues to build, this could be much bigger than a simple pullback.
I’m leaning toward this being the beginning of a larger BEARISH W3 DECLINE. 🐻
The key reference now is last week’s high. As long as price remains below that high and the bearish structure stays intact, my bias remains LOWER.
📉 7681 failed
📉 FVG support failed
📉 iFVG confirmed
🎯 7570–7550 first target
🐻 W3 could take this much lower
I’m not looking to fight the move. I’m watching how aggressively sellers follow through from here. 👀
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