As long as we remain above 5400, $S&P 500(.SPX)$ is set up for new highsOnce above 5505, that should lead to 5525-5540–5580, but would be highly vulnerable to a higher degree pullback.The loss of 5411 should lead to 5430-5415 support to then extend to new highs. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2409(ESmain)$ $E-mini Nasdaq 100 - main 2409(NQmain)$ ImageWe sold both the highs today as price met resistance of A=C and Fair Value Gaps ❌ $E-mini S&P 500 - main 2409(ESmain)$ then produced declines from our resistance areas netting us 30 p

Although there is risk with the 5-wave up structure from the 04/19 low, that a higher degree correction is looming, there has been no indication of such on the lower time frame yet.The current $S&P 500(.SPX)$ pattern suggests this current dip being bought taking price to a new high while above 5446, but bulls can still form a bullish pattern in general it is remains above 5400 However, once in the 5540-5580 range, risk will increase that a higher degree pullback will occur.ImageWe were expecting the $E-mini S&P 500 - main 2409(ESmain)$ dip to be bought yesterday targeting the 5485-5495 range with support at 5525-5530. $E-mini S&P 500 - main 2409(E

$S&P 500(.SPX)$ holds a bearish 5-wave structure near the 90-100% extensions of the fractal 1st + 3rd waves at 5040-5080.It may not have enough juice to get there, but the 5-wave structure favors a pullback following.That pullback is expected to begin [W4] or a bullish 2nd wave to continue the melt up.Regardless, 5040-5080 should be seen as strong resistance and high risk for longs.ImageImage $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2409(ESmain)$ From today's open, we were expecting a downside move to take ES to 5530 🎯We expected the 5570 range to act as resistance to produce a lower low and price ended up declining 40 points to our tar

If $S&P 500(.SPX)$ remains below 5447, it is strongly set up for a bearish reversal.If so, it should decline to 5375 with potential to see its bounces get sold for multiple weeks.However, if it breaks above 5447, it can extend to 5462-5520. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2409(ESmain)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2409(NQmain)$ ImageAfter recognizing a bullish intraday pattern, we shifted to a bullish bias expecting ES to reach 5435 🎯Price then rallied rest of the session to that target 📈You have to know when to adjust quick

Now that the 5435 target was reached, $S&P 500(.SPX)$ is highly vulnerable to a pullback - potentially of a higher degree.If SPX remains below the 5447 peak, it can escalate lower to fill the open gap at 5375 to see its bounces continuously get sold.However, if price trades above 5447, it can extend to 5462-5510 with the former being more probable. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - Jun 2024(ES2406)$ $E-mini S&P 500 - main 2406(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$

As long as price remains above 5305, but ideally 5346, $S&P 500(.SPX)$ can extend higher to the 5385-5435 target zone.However, there would be risk in a higher degree pullback in that 5385-5435 range - especially if the later target is reached.The loss of 5305 would suggest the leg up from 04/19 being complete leading to that higher degree pullback. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2406(NQmain)$ ImageImageSPX produced a quadruple double zigzag at today's low 📝We then favored a bullish

$S&P 500(.SPX)$ is nearing the 5385-5430 5th wave targets, but there is risk this leg up is already complete.As long as SPX remains above 5325-5305, it can extend higher to 5385-5430.However, the loss of 5305 is a strong warning sign a higher degree correction is playing out leading to 5250, if not 5000 for [W4]. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2406(NQmain)$ ImageImageWe expected the dip to be bought leading to a new high above 5362 📈After finding support at the channel, we longed t

Further rally to 5310 is expected, but $S&P 500(.SPX)$ would then be highly vulnerable to a sharp reversal once reached.If price trades to 5310 then reverses, retracing 50% of Monday's rally, it would be strongly favored a powerful 3rd wave decline is beginning.If so, that should lead to a new low sub:5191 with downside potential for much more. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2406(NQmain)$ ImageOn Monday, we expected a reversal from the highs targeting 5245 🎯SPX RAPIDLY declined to

As expected, $S&P 500(.SPX)$ reversed strongly to the downside to the 5240-5211 target zone.SPX terminated, or is about to terminate, a bearish 3rd or bullish higher degree fourth both suggesting a rally to 5250-5270.If it remains below 5270, it should produce a 5th wave decline invalidating the bullish fourth (lean).However, a break above 5270 would favor the bullish variation. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $E-mini S&P 500 - main 2406(ESmain)$ $E-mini Nasdaq 100 - main 2406(NQmain)$ ImageImageWe CRUSHED this decline as we expected a reversal

$S&P 500(.SPX)$ likely produced a triangle, which favors further upside to 5335-5350.That is probable while above 5306, but likely invalid below 5297.If/once 5335-5350 is reached, SPX is vulnerable to a pullback as that may terminate a bullish 3rd or bearish Wave B. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$ $E-mini Nasdaq 100 - main 2406(NQmain)$ ImageImageWe were looking for SPX to trace out a triangle to target 5315-5319 from the opening lows 📈Price rallied there, then we expected a fade to come for the E-Wave before a burst higher 📉That played out as projected ✅ImageImagehtt

Although ATHs were made, the $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$ structure remains corrective, which increases odds of [W4] being a flat correction.If so, SPX should have topped today, or will do so at 5350, to then decline to the 5000 range - maybe lower.However, there is potential for the next dip to be bought at 5240-5211 if we see a 4th wave pullback. That is unlikely before 5211.ImageImageSPX formed a triangle, which made us favor further upside to 5260-5280 📈Price then blasted 70+ points higher with minimal pullbacks to that upside target zone 🚀ImageImagehttps://twitter.com/TriggerTrades/status/1

$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ exceeded 5096, which lead to a new high above 5123 extending the B-Wave rally.However, price is expected to reverse at 5155-5165 (5180 max) with the loss of 5080-90 confirming such.If that occurs, SPX should retrace 61.8-78.6% of the B-Wave rally for w1 of Wave C.The loss of 5100 without a higher high above 5139 would also favor completion of the B-Wave rally.ImageImageI flipped bullish over a year ago calling for all time highs https://x.com/TriggerTrades/status/1661175411332505601… All time highs reached, then I called for a higher degree correction on 04/02 https://x.com/TriggerTrades/status/1775312574420050006… I also called for a rally on 04/22 htt