SPX Completes Wave-3

TRIGGER TRADES
11-19

$S&P 500(.SPX)$ reached our 6610-6580 target zone for the 3rd wave ✅

I’m now anticipating a choppy 4th-wave correction toward the 38.2% retrace at 6685, but below the 3rd-wave MT at 6672 (void).

If the 38.2% is reached, expect a 5th-wave decline to major support at 6550 🎯

If price trades directly lower, the 3rd wave is simply extending toward that support zone.

Bias → Short-term bullish (corrective rally) above today’s 6575 low.

$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2512(ESmain)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2512(NQmain)$ $Invesco QQQ(QQQ)$

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD 5000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.

Click to access the activity

Other helpful links:

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