$SPX's current 1-2 structure? Still holding up—but only if that $0.408 support level doesn't crack. We're seeing a tiny pullback here, though honestly it's barely worth calling a reaction. The real question is what happens next. If price punches through $1.65, that's when things get interesting. We'd likely be watching wave-3 start its climb. Keep your eyes on those levels—support breaks change everything, but upside breakouts? That's where the momentum lives.

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