S&P 500 – Corrective Structure in Progress

Everything is unfolding as planned for SPX SPY SPX500USD : after a completed impulse to the downside, we're seeing a complex WXY correction, with wave (y)potentially ending around the 0.618 retracement level and the MA20w.

Currently, wave B of the second leg is developing. Once it's complete, we may see a final push upward before a larger wave C to the downside.

⚠️ Key area to watch: 5780–5840 ES1! zone for potential exhaustion.