$SPX Fourth Wave May Complete Soon

TRIGGER TRADES
08-24

The $S&P 500(.SPX)$ fourth wave COMPLETED at close or will do so quickly tomorrow.

A break above 5586 would boost confidence in such that would favor a rapid rally for the fifth targeting 5670-5690 w/ upside to 5750.

Further downside may lead to 5532 support to then terminate the fourth wave, however.

$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2409(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2409(NQmain)$

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We expected a burst higher yesterday to take $E-mini S&P 500 - main 2409(ESmain)$ to a new high above 5643 with support at 5623 📈

ES bounced perfectly off 5623 then rapidly produced a higher high 🔥

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https://x.com/TriggerTrades/status/1826780053037850901

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