S&P 500 is gearing up for a drop to $348.11 or even $218.26.

SPX SPY are gearing up for a potential crash. Markets and indices seem aligned for a downturn.

What will trigger it?

Hard to say, but watching the stock and crypto markets, it certainly looks that way.

My expectations for SPX / SPY:

➖ Fibonacci 161.80% targets have been reached.
➖ Key downside levels: $348.11 and $218.26.

DXY


The dollar index is leaning towards growth for now. I think it might follow this scenario. Let’s keep an eye on how things develop.