$SPX Triangle Complete Target 6,720–6,500 Watch 6,915 Close

TRIGGER TRADES
03-03

The triangle I've been tracking on $S&P 500(.SPX)$ is nearing completion, if not already complete.

A-B-C-D-E. Textbook. Right into the Daily FVG resistance at 6,883–6,915.

This is where it terminates.

What follows is a sharp C-Wave decline to SPX 6,720–6,500.

⚠️: Daily close above 6,915 threatens crossing the triangle invalidation at 6,953.

The setup is here. The move is next.

Bookmark this.

PS: New weekly update — setting the stage for a pivotal week.

$SPX holds a bearish triangle setup and could see a sharp resolution lower as soon as this week.

6,720 is the high probability target with downside scope to 6,500.

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Comments

  • SuperDuper1
    03-03
    SuperDuper1
    Good analysis , though the NDX seemed to have already completed the bearish pattern. Let’s wait and see. Thx
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