SPX extend to 4975-5000 over the next 3-4 weeks before the sharp decline

TRIGGER TRADES
01-26

With the additional upside, SPX $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ is expected to continue to extend to 4975-5000 over the next 3-4 weeks before the sharp decline.

However, we should see a buyable pullback to 4858-4846 before another leg up w/ 80-100 point potential for the 3rd of A of [W3].

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We shorted today's highs expecting a reversal to the white box area to then bounce 📉📈

ES $E-mini S&P 500 - main 2403(ESmain)$ declined 25 points then rallied right off the white box ✅

We also expected further downside for RTY $E-mini Russell 2000 - main 2403(RTYmain)$ but to bounce at the orange box, & IWM $iShares Russell 2000 ETF(IWM)$ did exactly that 🔥

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https://twitter.com/TriggerTrades/status/1750685437100773797

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Comments

  • wubbie
    01-26
    wubbie
    That's an extremely optimistic projection, but I'm not buying it.
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