7000 Rejected. Trendline Broken. SPX Downtrend Confirmed

TRIGGER TRADES

02-05 10:44

$S&P 500(.SPX)$ just broke below its 2/4 trendline from April.

The 10-month rally is confirmed complete.

Short-term target: 6500

This can happen in days, not weeks.

Ceiling capped at the 7002 peak.

Had extremely HIGH CONVICTION that the decline would continue today.

It respected our pivot point (50%/MT) and crashed to our aggressive downside target nearly 100 POINTS peak to trough.

As I wrote yesterday:

SPX just rejected 7,000.

The 2/4 trendline at 6,860 is the line in the sand.

Break it, and this 10-month rally is officially over.

$E-mini Nasdaq 100 - main 2603(NQmain)$ is flashing the same divergence we saw at the 2022 and 2025 tops.

If history rhymes, we're looking at 20% downside from here.

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.

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Trendline Broken. SPX Downtrend Confirmed","html":"<html><head></head><body><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> just broke below its 2/4 trendline from April.\nThe 10-month rally is confirmed complete.\nShort-term target: 6500\nThis can happen in days, not weeks.\nCeiling capped at the 7002 peak.\n<img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/5d7dee908dcf5a0c26c54dd583545d39\" tg-width=\"3620\" tg-height=\"1768\"> \nHad extremely HIGH CONVICTION that the decline would continue today.\nIt respected our pivot point (50%/MT) and crashed to our aggressive downside target nearly 100 POINTS peak to trough.\n<img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/7a675125d6253ae87539d6f8016b445c\" tg-width=\"3620\" tg-height=\"1778\"> \n<img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/3efbcc6052089b9fcf19e341d9d83c76\" tg-width=\"3620\" tg-height=\"1778\"> \n<h3 id=\"id_3185315741\">As I wrote yesterday:</h3>\n<blockquote>\n SPX just rejected 7,000.\n The 2/4 trendline at 6,860 is the line in the sand.\n Break it, and this 10-month rally is officially over.\n <a data-mention-id=\"NQmain\" class=\"teditor-mention\" data-mention-name=\"E-mini Nasdaq 100 - main 2603\" href=\"https://ttm.financial/FUT/NQmain\">$E-mini Nasdaq 100 - main 2603(NQmain)$</a> is flashing the same divergence we saw at the 2022 and 2025 tops.\n If history rhymes, we're looking at 20% downside from here.\n</blockquote>\n</body></html>","htmlText":"<html><head></head><body><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> just broke below its 2/4 trendline from April.\nThe 10-month rally is confirmed complete.\nShort-term target: 6500\nThis can happen in days, not weeks.\nCeiling capped at the 7002 peak.\n<img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/5d7dee908dcf5a0c26c54dd583545d39\" tg-width=\"3620\" tg-height=\"1768\"> \nHad extremely HIGH CONVICTION that the decline would continue today.\nIt respected our pivot point (50%/MT) and crashed to our aggressive downside target nearly 100 POINTS peak to trough.\n<img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/7a675125d6253ae87539d6f8016b445c\" tg-width=\"3620\" tg-height=\"1778\"> \n<img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/3efbcc6052089b9fcf19e341d9d83c76\" tg-width=\"3620\" tg-height=\"1778\"> \n<h3 id=\"id_3185315741\">As I wrote yesterday:</h3>\n<blockquote>\n SPX just rejected 7,000.\n The 2/4 trendline at 6,860 is the line in the sand.\n Break it, and this 10-month rally is officially over.\n <a data-mention-id=\"NQmain\" class=\"teditor-mention\" data-mention-name=\"E-mini Nasdaq 100 - main 2603\" href=\"https://ttm.financial/FUT/NQmain\">$E-mini Nasdaq 100 - main 2603(NQmain)$</a> is flashing the same divergence we saw at the 2022 and 2025 tops.\n If history rhymes, we're looking at 20% downside from here.\n</blockquote>\n</body></html>","text":"$S&P 500(.SPX)$ just broke below its 2/4 trendline from April. The 10-month rally is confirmed complete. Short-term target: 6500 This can happen in days, not weeks. Ceiling capped at the 7002 peak. Had extremely HIGH CONVICTION that the decline would continue today. It respected our pivot point (50%/MT) and crashed to our aggressive downside target nearly 100 POINTS peak to trough. As I wrote yesterday: SPX just rejected 7,000. The 2/4 trendline at 6,860 is the line in the sand. Break it, and this 10-month rally is officially over. $E-mini Nasdaq 100 - main 2603(NQmain)$ is flashing the same divergence we saw at the 2022 and 2025 tops. If history rhymes, we're looking at 20% downside from here.","highlighted":1,"essential":1,"paper":2,"likeSize":150,"commentSize":0,"repostSize":3,"favoriteSize":0,"link":"https://ttm.financial/post/529319757418608","repostId":0,"isVote":1,"tweetType":1,"viewCount":1920,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[".SPX","NQmain"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":586,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/529319757418608"}