SPX needs to trade sub:4790, otherwise, bulls can continue to extend to 4975-5000

TRIGGER TRADES
01-25

$Eversource(ES)$ produced a new high post-market, which may unfortunately invalidate the fractal b-wave rally termination pattern.

Therefore, odds may shift to $S&P 500(.SPX)$ trading to the 4975-5000 area over the next 3-4 weeks before the sharp decline.

In order to reverse immediately, SPX needs to trade sub:4790, otherwise, bulls can continue to extend to 4975-5000.

Watch for a pullback to the 4830s' range as if thats bought, the extended rally would be strongly favored.

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We recognized $E-mini Russell 2000 - main 2403(RTYmain)$ terminating its rally at the 2017 high 🎯

Alerts were sent suggesting a downturn as long as that high was not crossed ❌

RTY proceeded to decline nearly 2% from the highs 🔥

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https://twitter.com/TriggerTrades/status/1749968481158664447

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Comments

  • Hilliton324
    01-26
    Hilliton324
    I strongly disagree with this prediction, as it goes against my belief in value investing.
  • zookz
    01-26
    zookz
    No way, bulls need to go higher! #Bullish
  • YueShan
    01-25
    YueShan
    Good⭐️⭐️⭐️
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