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EliteOptionsTrader2025-12-05 22:00:04
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TRIGGER TRADES2025-12-05 05:22:08
As anticipated, $SPX just confirmed that the rally off the Nov 21 low was corrective, unfolding as a clear ABC advance. Price now carries a potential 5-down, 3-up bearish structure — implying the top may already be in. But confirmation still matters: a daily close below 6812 isAlthough $SPX made a new high, the choppy consolidation formed a triangle — a bearish tell, since triangles typically precede the final move of an A-B-C sequence rather than an impulsive expansion. I’m cautious here, watching for a reversal that could set the next leg down.
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