As adamantly warned, $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ has escalated the [W4] decline & still has downside potential left.
SPX should continue getting sold until the 4983-4942 range for an A-Wave.
A B-Wave rally would then be expected before the 4820 [W4] termination target is reached.
Image
Image
We have been expecting the bounces being sold to escalate the higher degree [W4] decline 📉
We were targeting 5085-5010 on the next wave down from the 2nd wave peak🎯
SPX flushed 160+ points since ✅ entering that target range w/ potential for more 🌊
Image
Image
https://twitter.com/TriggerTrades/status/1780386329118798287
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments