Despite the additional rally, SPX holds a 3-wave
Despite the additional rally, $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ holds a 3-wave, corrective structure that keeps the potential for another leg down for [W4] in tact.
If so, price must break below 5125 - with sub:5150 being a warning sign of that.
However, if price fades while remaining above 5125-5150, a new all time high would likely be produced for a fifth wave before potentially pulling back.
Image
Image
https://twitter.com/TriggerTrades/status/1789782589156303085
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
