🚨 $SPX IS SETTING UP FOR A BRUTAL REVERSAL The rally looks strong. The structure underneath says otherwise Price sits near 7,590 inside a rising channel that's been in play since May Waves 1-2-3 are done We're in wave 4 now, a pullback that can tag the lower channel line around 7,500 and shake out late longs Then comes wave 5: final squeeze toward 8,100. New ATH, loud headlines, peak euphoria. That's the top After that, the unwind: → 8,100 to 7,050: first target, breakout zone near 7,000 → 7,050 to 6,300: full retrace to April low That's a ~22% wipe from the peak Don't trust the bounce. A weak grind back to 7,400-7,500 after the first leg down is a bear flag Classic distribution, not a recovery Window: Q4 2026 - Q1 2027 Retail chases the ATH. Smart money sells into the strength Same pattern, every cycle Don't marry the last green candle Bookmark this and check back in Q1