$SPX might be carving out a flat correction here. We've got an overlapping A-wave down and a B-wave that reclaimed the prior high — textbook setup for a potential C-wave drop. That's the read, but it's not confirmed yet.
I'm watching for a clean impulsive move lower and a decisive break of that A-wave low around 7,560. That's the line. Until then, it's a thesis, not a trade.
Evidence over conviction. Structure over hope. Let the market show its hand.
I'm watching for a clean impulsive move lower and a decisive break of that A-wave low around 7,560. That's the line. Until then, it's a thesis, not a trade.
Evidence over conviction. Structure over hope. Let the market show its hand.