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CyclesFan2025-12-06 05:15:52
$SPX - The day closed on a weak note at 6870 after reaching 6895 at the intraday high, but it's still a higher high, so I'm expecting the rally off the Nov 20 closing low to continue into December 10. Price wise, we may only see marginal higher highs and reach the ATH at 6920.
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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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