$SPY #SPX Update 👀 The key trigger has been activated: The #SPX has fallen below the low of wave D (magenta). This significantly increases the probability of the primary bearish scenario. Sub-wave 1 (red) is likely complete. The index is currently in corrective sub-wave 2 (red), which could conclude shortly. Following this, a further impulsive downward sequence is expected within sub-waves 3, 4, and 5 (red), potentially completing the larger wave (C) (yellow). 🎯 Target zone for wave (C) (yellow): 7,190–7,000 points Below this, the larger retracement zone of wave 4 (circle, cyan) remains relevant: 🎯 7,000–6,380 points Crucially, it now depends on whether the breakdown is confirmed by further impulsive price declines. The risk of a broader risk-off move affects not only the S&P 500 but also the #Nasdaq. #Bitcoin is also unlikely to escape significant selling pressure stemming from U.S. equity market weakness and could face renewed downward pressure amid increasing risk aversion. Elliott Wave Chart (medium-term)👇 https://t.co/Ia6VO1BVyV Let’s go 💪 Knowledge is wealth. Recognize trends. Trade proactively. TSC | Trend Serra Capital