Leviathan|4月 29, 2026 18:50
🚨 SPX IS SETTING UP THE EXACT SAME TRAP
Look at the structure on the daily:
> Clean 5-wave impulse into the previous high
> Textbook ABC correction printed right after
> Now wave C tagging the upper trendline with death cross on RSI
This is the part where late longs pile in
I see two scenarios here:
1. Reject from current zone -> expect a flush back into the unfilled gap around 6,600
2. Punch through with strong volume -> bears get squeezed and we extend, but RSI says that's the lower probability play
As for me, the momentum tell is louder than the structure right now
When wave C touches resistance with weakening RSI, the retest almost never holds
This is where patience pays: don't chase the breakout, fade the exhaustion
Follow + notifs on, I will keep you updated!(Leviathan)
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