There may be a modest bounce to the SPX 5050-5080 range

TRIGGER TRADES
04-19

There may be a modest bounce to the $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ 5050-5080 range before another leg down to 4985-4942.

Once 4985-4942 is reached with a 5-wave price structure for the A-Wave, a B-Wave Rally would be expected.

ImageImage

We were expecting price to remain below SPX 5080🔨to produce a sharp sell targeting 5007 🎯

SPX topped at 5078 before a melt down to EXACTLY 5007 ✅ 🔥

We then expected a rally to 5050 from that low, which also played out perfectly 🤯

ImageImage

ImageImage

ImageImage

ImageImage

https://twitter.com/TriggerTrades/status/1781125203872924053

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

  • JoannaDarwin
    04-19
    JoannaDarwin
    You seem to have a good handle on the potential short-term movements.
  • Longmanlee
    04-22
    Longmanlee
    Good job
  • Tom Chow
    04-22
    Tom Chow
    good
  • LEESIMON
    04-22
    LEESIMON
    🩷Good
  • KSR
    04-21
    KSR
    👍
  • JonNel1222
    04-20
    JonNel1222
    Great article, would you like to share it?
Leave a comment
6
1280