SPX may decline to the 5240-5211 range before a bounce

Tomorrow's key pivot is 5290. If $S&P 500(.SPX)$ can remain below that, it should decline to the 5240-5211 range before a bounce.

However, if price rallies above 5290, it is possible a 4th wave terminated at today's low to rally to all time highs.

I lean we remain below 5290.

$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$ $E-mini Nasdaq 100 - main 2406(NQmain)$

Image

https://x.com/TriggerTrades/status/1793786532421058974

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Comments

LeonaClemens
05-28
LeonaClemens
I can see why you believe that SPX may decline to the 5240-5211 range.
WalterBurns
05-28
WalterBurns
Great analysis!

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If <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> can remain below that, it should decline to the 5240-5211 range before a bounce.However, if price rallies above 5290, it is possible a 4th wave terminated at today's low to rally to all time highs. I lean we remain below 5290. <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> <a data-mention-id=\"ESmain\" class=\"teditor-mention\" data-mention-name=\"E-mini S&amp;P 500 - main 2406\" href=\"https://ttm.financial/FUT/ESmain\">$E-mini S&amp;P 500 - main 2406(ESmain)$</a> <a data-mention-id=\"NQmain\" class=\"teditor-mention\" data-mention-name=\"E-mini Nasdaq 100 - main 2406\" href=\"https://ttm.financial/FUT/NQmain\">$E-mini Nasdaq 100 - main 2406(NQmain)$</a> <img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/9b98784336ecb4863e0f77bb3f525454\" tg-width=\"3830\" tg-height=\"2068\">Image<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/d7481adc693450df8ce3c53642f1ae58\" tg-width=\"3834\" tg-height=\"2072\">Imagehttps://x.com/TriggerTrades/status/1793786532421058974</body></html>","htmlText":"<html><head></head><body>Tomorrow's key pivot is 5290. If <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> can remain below that, it should decline to the 5240-5211 range before a bounce.However, if price rallies above 5290, it is possible a 4th wave terminated at today's low to rally to all time highs. I lean we remain below 5290. <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> <a data-mention-id=\"ESmain\" class=\"teditor-mention\" data-mention-name=\"E-mini S&amp;P 500 - main 2406\" href=\"https://ttm.financial/FUT/ESmain\">$E-mini S&amp;P 500 - main 2406(ESmain)$</a> <a data-mention-id=\"NQmain\" class=\"teditor-mention\" data-mention-name=\"E-mini Nasdaq 100 - main 2406\" href=\"https://ttm.financial/FUT/NQmain\">$E-mini Nasdaq 100 - main 2406(NQmain)$</a> <img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/9b98784336ecb4863e0f77bb3f525454\" tg-width=\"3830\" tg-height=\"2068\">Image<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/d7481adc693450df8ce3c53642f1ae58\" tg-width=\"3834\" tg-height=\"2072\">Imagehttps://x.com/TriggerTrades/status/1793786532421058974</body></html>","text":"Tomorrow's key pivot is 5290. If $S&P 500(.SPX)$ can remain below that, it should decline to the 5240-5211 range before a bounce. However, if price rallies above 5290, it is possible a 4th wave terminated at today's low to rally to all time highs. I lean we remain below 5290. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$ $E-mini Nasdaq 100 - main 2406(NQmain)$ Image Image https://x.com/TriggerTrades/status/1793786532421058974","highlighted":1,"essential":1,"paper":2,"likeSize":40,"commentSize":2,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/309547852472416","repostId":0,"isVote":1,"tweetType":1,"viewCount":1635,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[".SPX","SPY","ESmain","NQmain"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":true,"length":381,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":310722780250344,"gmtCreate":1716865583015,"gmtModify":1716891421540,"authorId":9000000000000509,"author":{"id":9000000000000509,"authorId":9000000000000509,"name":"LeonaClemens","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":309547852472416,"type":1,"supId":0,"prevId":0,"content":"I can see why you believe that SPX may decline to the 5240-5211 range.","text":"I can see why you believe that SPX may decline to the 5240-5211 range.","html":"I can see why you believe that SPX may decline to the 5240-5211 range.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":310722477457432,"gmtCreate":1716865584270,"gmtModify":1716891421423,"authorId":9000000000000355,"author":{"id":9000000000000355,"authorId":9000000000000355,"name":"WalterBurns","avatar":"https://static.tigerbbs.com/8f7899e9cc30521ec298ab66f128bb05","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":309547852472416,"type":1,"supId":0,"prevId":0,"content":"Great analysis!","text":"Great analysis!","html":"Great analysis!","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/309547852472416"}