Confidence has increased the $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ 5265 peak marks the top of the [W3] rally
If SPX exceeds 5160, it should rally to 5205-5231 to then reverse sharply.
Main lean is that the 5265 peak is not crossed to produce a multi-week correction to the 4916-4800 range.
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We were expecting a sharp reversal from Thursday’s high for both SPX and $NASDAQ(.IXIC)$ 📉
Friday produced a powerful decline from both their respective highs with SPX fading 100 points and NQ 400 🔥
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https://twitter.com/TriggerTrades/status/1779726356147744976
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