TRIGGER TRADES
TRIGGER TRADES
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05-20 19:57

SPX should produce a higher high targeting 5335-5350

As long as $S&P 500(.SPX)$ remains above 5283, we should produce a higher high targeting 5335-5350. If so, that should terminate the bearish B-Wave or bullish Third Wave. However, the loss of 5283 should lead to 5240-5211 support, which is also the area of interest following a rally to 5335-5350. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$ $E-mini Nasdaq 100 - main 2406(NQmain)$ $Invesco QQQ(QQQ)$ ImageImage
SPX should produce a higher high targeting 5335-5350

Although ATHs were made, the SPX structure remains corrective

Although ATHs were made, the $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$ structure remains corrective, which increases odds of [W4] being a flat correction.If so, SPX should have topped today, or will do so at 5350, to then decline to the 5000 range - maybe lower.However, there is potential for the next dip to be bought at 5240-5211 if we see a 4th wave pullback. That is unlikely before 5211.ImageImageSPX formed a triangle, which made us favor further upside to 5260-5280 📈Price then blasted 70+ points higher with minimal pullbacks to that upside target zone 🚀ImageImagehttps://twitter.com/TriggerTrades/status/1
Although ATHs were made, the SPX structure remains corrective

Despite the additional rally, SPX holds a 3-wave

Despite the additional rally, $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ holds a 3-wave, corrective structure that keeps the potential for another leg down for [W4] in tact.If so, price must break below 5125 - with sub:5150 being a warning sign of that.However, if price fades while remaining above 5125-5150, a new all time high would likely be produced for a fifth wave before potentially pulling back.ImageImagehttps://twitter.com/TriggerTrades/status/1789782589156303085
Despite the additional rally, SPX holds a 3-wave

SPX extended the Wave B rally to the 110% ext of W | X and 78.6% retracement of Wave A

$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ extended the Wave B rally to the 110% ext of W | X and 78.6% retracement of Wave A.Therefore, Wave B should have terminated at today's 5200 high.If so, we should fade to 5143-5128 to begin, but likely retrace 61.8-78.6% of Wave B at 5050-5000.Ultimately, if Wave B did complete today, [W4] has termination targets of 4920-4820.Confidence will be reduced above 5200 - barring a rapid drop following. ImageImagehttps://twitter.com/TriggerTrades/status/1787996024964792424
SPX extended the Wave B rally to the 110% ext of W | X and 78.6% retracement of Wave A

SPX exceeded 5096, which lead to a new high above 5123 extending the B-Wave rally

$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ exceeded 5096, which lead to a new high above 5123 extending the B-Wave rally.However, price is expected to reverse at 5155-5165 (5180 max) with the loss of 5080-90 confirming such.If that occurs, SPX should retrace 61.8-78.6% of the B-Wave rally for w1 of Wave C.The loss of 5100 without a higher high above 5139 would also favor completion of the B-Wave rally.ImageImageI flipped bullish over a year ago calling for all time highs https://x.com/TriggerTrades/status/1661175411332505601… All time highs reached, then I called for a higher degree correction on 04/02 https://x.com/TriggerTrades/status/1775312574420050006… I also called for a rally on 04/22 htt
SPX exceeded 5096, which lead to a new high above 5123 extending the B-Wave rally

SPX exceeded 5096, which lead to a new high above 5123 extending the B-Wave rally

$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ exceeded 5096, which lead to a new high above 5123 extending the B-Wave rally.However, price is expected to reverse at 5155-5165 (5180 max) with the loss of 5080-90 confirming such.If that occurs, SPX should retrace 61.8-78.6% of the B-Wave rally for w1 of Wave C.The loss of 5100 without a higher high above 5139 would also favor completion of the B-Wave rally.ImageImagehttps://twitter.com/TriggerTrades/status/1786546041426247743
SPX exceeded 5096, which lead to a new high above 5123 extending the B-Wave rally

SPX should be progressing in w1 of Wave C under [W4] to decline to 5000-4975 in the short-term

It is strongly favored the B-Wave terminated at the 5123 high.Therefore, $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ should be progressing in w1 of Wave C under [W4] to decline to 5000-4975 in the short-term.There is downside potential for more, but I believe we still need to trace out w2 before the big w3 meltdown.A break above 5096 would reduce confidence -potentially suggesting further rally above 5123 to then terminate the B-Wave.ImageImageWild day as we expected price to sell immediately at open targeting a lower low 📉That produced a 50 point decline✅ but had to flip long after a bullish pattern aroseSPX then rallied for another 40 points to our 5070 target 🔥ImageImageImageImagehttps://twitt
SPX should be progressing in w1 of Wave C under [W4] to decline to 5000-4975 in the short-term

SPX declined sharply after forming the 3-wave move

As WARNED, $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ declined sharply after forming the 3-wave move. Odds favor the B-Wave completing at the 5123 high & if we remain below 5105 - leading to the 4820-4770 [W4] targets.However, if price exceeds 5105, that is a warning sign we will trade to 5150-5160 to officially terminate the B-Wave.ImageImageAs you all know, we were expecting a sharp reversal from the highs following the 3-wave move📉From Monday's peak, we targeted the 5035-5014 range🎯SPX rapidly declined to that range at close for a 90 point move ✅ 🔥ImageImageImageImagehttps://twitter.com/TriggerTrades/status/1785464146810769796
SPX declined sharply after forming the 3-wave move

WARNING! SPX has now reached the 5110 target with a corrective

WARNING! $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ has now reached the 5110 target with a corrective ABC up structure to validate completion of the B-Wave.If price trades below 5050, that would confirm completion of B-Wave rally.If so, that should lead to 5015 in the short term, but ultimately 4820-4800 for [W4]ImageHere are my previous predictions:Further rally for the B-Wave is expected as SPX likely terminated its short-term correction at today's 4990 low.Therefore, price should begin the final corrective leg up targeting 5110-5130-5150.Loss of 4953 would favor the C-Wave already beginning, however, targeting that 4820 [W4] termination range.ImageImagehttps://twitter.com/TriggerTrades/status
WARNING! SPX has now reached the 5110 target with a corrective

Further rally for the B-Wave is expected as SPX likely terminated its short-term correction

Further rally for the B-Wave is expected as $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ likely terminated its short-term correction at today's 4990 low.Therefore, price should begin the final corrective leg up targeting 5110-5130-5150.Loss of 4953 would favor the C-Wave already beginning, however, targeting that 4820 [W4] termination range.ImageImageFrom yesterday's high and close, we expected that price completed the a-wave of the B-Wave ✅We then targeted the 5040-5005 range for the decline🎯Price gapped down lower a bit lower than expected, which only benefited us 🔥ImageImagehttps://twitter.com/TriggerTrades/status/1783640547271364683
Further rally for the B-Wave is expected as SPX likely terminated its short-term correction

SPX rallied strongly after terminating the A-Wave reaching the first upside target of 5070

As projected, $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ rallied strongly after terminating the A-Wave reaching the first upside target of 5070.However, further rally is likely leading to 5110-5150 overall for the B-Wave.Watching for a 3-wave price structure leading to that 5110-5150 zone with 5040-5020-5005 acting as support.ImageImageWe expected the A-Wave to terminate at Friday's cash low to produce a strong bounce WITH CONVICTION ‼️We targeted 5070 in the short-term and SPX reached that today already ! 🚀 🎯Nobody hotter 🔥ImageImageImageImagehttps://twitter.com/TriggerTrades/status/1782939154117971991
SPX rallied strongly after terminating the A-Wave reaching the first upside target of 5070

SPX has declined to the 4983-4942 range as expected

$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ has declined to the 4983-4942 range as expected, which should terminate the A-Wave.Therefore, a B-Wave rally is expected targeting 5070-5100. Confidence in that is boosted above 4995.That B-Wave would expected to be sold until the 4820 target is metImageImagehttps://twitter.com/TriggerTrades/status/1782380067638669588
SPX has declined to the 4983-4942 range as expected

There may be a modest bounce to the SPX 5050-5080 range

There may be a modest bounce to the $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ 5050-5080 range before another leg down to 4985-4942.Once 4985-4942 is reached with a 5-wave price structure for the A-Wave, a B-Wave Rally would be expected.ImageWe were expecting price to remain below SPX 5080🔨to produce a sharp sell targeting 5007 🎯SPX topped at 5078 before a melt down to EXACTLY 5007 ✅ 🔥We then expected a rally to 5050 from that low, which also played out perfectly 🤯ImageImageImageImagehttps://twitter.com/TriggerTrades/status/1781125203872924053
There may be a modest bounce to the SPX 5050-5080 range

SPX should continue getting sold until the 4983-4942 range for an A-Wave

As adamantly warned, $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ has escalated the [W4] decline & still has downside potential left.SPX should continue getting sold until the 4983-4942 range for an A-Wave.A B-Wave rally would then be expected before the 4820 [W4] termination target is reached.ImageImageWe have been expecting the bounces being sold to escalate the higher degree [W4] decline 📉We were targeting 5085-5010 on the next wave down from the 2nd wave peak🎯SPX flushed 160+ points since ✅ entering that target range w/ potential for more 🌊ImageImagehttps://twitter.com/TriggerTrades/status/1780386329118798287
SPX should continue getting sold until the 4983-4942 range for an A-Wave

Confidence has increased the SPX 5265 peak marks the top of the [W3] rally

Confidence has increased the $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ 5265 peak marks the top of the [W3] rallyIf SPX exceeds 5160, it should rally to 5205-5231 to then reverse sharply.Main lean is that the 5265 peak is not crossed to produce a multi-week correction to the 4916-4800 range.ImageImageWe were expecting a sharp reversal from Thursday’s high for both SPX and $NASDAQ(.IXIC)$ 📉Friday produced a powerful decline from both their respective highs with SPX fading 100 points and NQ 400 🔥ImageImageImageImagehttps://twitter.com/TriggerTrades/status/1779726356147744976
Confidence has increased the SPX 5265 peak marks the top of the [W3] rally

SPX continues to defend the 5265 high following CPI and formed a impulse down

$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ continues to defend the 5265 high following CPI and formed a impulse down.The impulse down is a bearish continuation pattern suggesting further downside below 5138 - likely targeting 5090 w/ potential to extend lower.Overall, confidence has increased the downside momentum will continue lower escalating the [W4] decline.ImageFollowing the CPI decline, we expected the next leg up for SPX to be sold at 5178 targeting 5137, which played out exactly 🔥We also expected $NASDAQ 100(NDX)$ to produce a rally today targeting the 110% ext. of the first up 🎯NDX blasted higher to that target 🚀ImageImageImageImagehttps://twitt
SPX continues to defend the 5265 high following CPI and formed a impulse down

Confidence has increased the downside momentum will continue

$SPX continues to defend the 5265 high following CPI and formed a impulse down. The impulse down is a bearish continuation pattern suggesting further downside below 5138 - likely targeting 5090 w/ potential to extend lower. Overall, confidence has increased the downside momentum will continue lower escalating the [W4] decline.$SPY $ES_F $NQ_F $QQQ $NDQ $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$ $Invesco QQQ Trust-ETF(QQQ)$ $Destiny Tech100 Inc(DXYZ)$ Image
Confidence has increased the downside momentum will continue

SPX should be further upside to 5240

No change as SPX remains set up to begin the [W4] correction as long as it remains below the 5265.There should be further upside to 5240, but that would expected to be sold before escalating the higher degree decline.A break above 5265 would warrant caution and bring uncertainty with CPI tomorrow.ImageWe were expecting price to produce a rally from 5173-5168 support $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ bounced there then bursted 30-35 points higher from that supportImageImagehttps://twitter.com/TriggerTrades/status/1777868599962583095
SPX should be further upside to 5240

A break above 5265 would warrant caution

$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ remains set up to begin the [W4] correction as long as it remains below the 5265 peak.There could be further upside to 5240, but that would expected to be sold with CPI escalating the higher degree decline.A break above 5265 would warrant caution.ImageWarning was sent that a bearish reversal was imminent and decline should solidify the higher degree [W4] correction has begun.SPX should now remain below the 5265 peak to see its bounces get sold over multiple weeks until 4820 to terminate [W4].Imagehttps://twitter.com/TriggerTrades/status/1777109036963336300
A break above 5265 would warrant caution

SPX should now remain below the 5265 peak to see its bounces get sold over multiple weeks

Warning was sent that a bearish reversal was imminent and today's decline should solidify the higher degree [W4] correction has begun. $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ should now remain below the 5265 peak to see its bounces get sold over multiple weeks until 4820 to terminate [W4].ImageCrazy day as we expected a rally to start today's session to 5242 & price immediately opened up at 5255 ✅We then expected a decline from the highs with the loss of 5226 leading to 5160-5135📝That occurred & those targets were reached in the session🔥ImageImageImageImagehttps://twitter.com/TriggerTrades/status/1776037145368559634
SPX should now remain below the 5265 peak to see its bounces get sold over multiple weeks

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