SPX should continue seeing its dips get bought until it reaches the 5100-5150 termination zone

TRIGGER TRADES
2024-02-19

$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ should continue seeing its dips get bought until it reaches the 5100-5150 termination zone.

We could see a quick pop to 5050-5075, but a pullback returning to Friday's lows would be expecting following.

If so, that would also expected to be bought ultimately leading to 5100-5150.

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We recognized a bullish ABC down pattern at Friday's opening lows triggering a long set up

SPX and $E-mini S&P 500 - main 2403(ESmain)$ then bursted 50 points from the lows to orange box resistance

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https://twitter.com/TriggerTrades/status/1759276793284981027

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Comments

  • Tracccy
    2024-02-19
    Tracccy
    👏 Great analysis and insights! 🚀
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