$SPX - This is invalidated below 5975

SmartReversals
12-15

No change as $.SPX(.SPX)$ remains in the 4th wave position unfolding as a bullish triangle or WXY model.

A break above 6065 would favor the triangle scenario to coil before breaking out to the 6150-6200 final 5th wave targets.

Below 6065 would bring risk to a modest dip to the 6030-6003 strong support to then terminate the 4th leading to the final 5th wave breakout.

This is invalidated below 5975.

$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2412(NQmain)$

ImageImage

ImageImage

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

We need your insight to fill this gap
Leave a comment
3