SPX should be a final pop away from beginning the higher degree correction

TRIGGER TRADES
03-20

$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ should be a final pop away from beginning the higher degree correction.

The final pop is expected target 5210-5225, so price will be vulnerable to a reversal there.

The loss of 5131 is a warning sign w/ sub:5090 favoring the multi-month pullback starting.

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We recognized a triangle pattern, so we expected further decline to 5140-5132 support 📉

Price traded directly lower to there from yesterday's highs ✅

We then longed today's opening low at that support 📈

Price rallied 40-50 points since 🚀

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https://twitter.com/TriggerTrades/status/1770238929440313649

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Comments

  • kokwee
    03-21
    kokwee
    looking forward to your update!
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