$SPX B Wave Strength May Be Setting Up a Bigger Move

TRIGGER TRADES
04-13

Deep retracements lead to extended waves.

$S&P 500(.SPX)$ just retraced 78.6% of the decline.

Bulls see strength.

I see a B-Wave loading the SPRING.

The deeper B goes — the longer C tends to run.

Primary targets:

110% → primary

127.2% → high probability

161.8% → extension in play

The channel is drawn. The count is set.

A 161.8% C-Wave would MIRROR the 2025 extension.

History doesn’t repeat. It extends.

And every time $SPDR S&P 500 ETF Trust(SPY)$ tags the upper channel stretching back to the 2009 bottom —

It gets REJECTED.

2011.

2014.

2018.

2022.

2025.

Five touches.

Five rejections.

Zero exceptions.

You know what follows every single one?

Mean reversion to the channel midpoint - at MINIMUM.

2026 just became touch #6.

Number six won't be different.

S&P 500 Clears 7000: Can Earnings Season Sustain Breakout?
The S&P 500 closed at 7,022.95, making its first effective hold above the 7,000 milestone, while the Nasdaq Composite settled at 24,016, clearing 24,000 for the first time. TSLA's 7.6% surge, MSFT's break above $400, and IONQ's 21% quantum tech rally drove multi-sector confluence, echoing the sharp post-April 2025 rebound-to-new-high pattern. The dense earnings calendar ahead is the critical stress test for 7,000 — if bellwether results beat expectations, new highs may only be the beginning?
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