TRIGGER TRADES
TRIGGER TRADES
Leader In Elliott Wave | Futures Trader
0Follow
448Followers
0Topic
0Badge

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 ✅ đŸ”„We then expected a rally to 5050 from that low, which also played out perfectly đŸ€ŻImageImageImageImagehttps://twitter.com/TriggerTrades/status/1781125203872924053
There may be a modest bounce to the SPX 5050-5080 range

As long as we remain above 5400, $SPX is set up for new highs

As long as we remain above 5400, $S&P 500(.SPX)$ is set up for new highsOnce above 5505, that should lead to 5525-5540–5580, but would be highly vulnerable to a higher degree pullback.The loss of 5411 should lead to 5430-5415 support to then extend to new highs. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2409(ESmain)$ $E-mini Nasdaq 100 - main 2409(NQmain)$ ImageWe sold both the highs today as price met resistance of A=C and Fair Value Gaps ❌ $E-mini S&P 500 - main 2409(ESmain)$ then produced declines from our resistance areas netting us 30 p
As long as we remain above 5400, $SPX is set up for new highs
avatarTRIGGER TRADES
12-20 21:56

This $SPX decline looks corrective from the high

This $.SPX(.SPX)$ decline looks corrective from the high, and I can only count 5-waves up from the August low to mark the completion of the newly labeled Wave A under [W5]Therefore, leaning this decline gets bought above the [W2]/[W4] trendine, 5730, with support at 5867-5805 for Wave B.We could see price form a zigzag or even a triangle for Wave B, but a new high is expected to be made in 1-2 months.However, a cross below the [W2]/[W4] trendline would invalidate this and confirm that the top is already in. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $NASDAQ 100(NDX)$
This $SPX decline looks corrective from the high

$SPX is expected to see its dip get bought immediately

$S&P 500(.SPX)$ is expected to see its dip get bought immediately or at 5660 to then produce a higher high.An immediate higher high may complete a fractal 5th to return to the range before continuing higher, but the later would favor direct upside following. Overall, I am expecting a melt up to the 5880-5935-6080 targets for the final leg up as long as we remain above 5565. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $NASDAQ(.IXIC)$ $E-mini Nasdaq 100 - main 2412(NQmain)$ $NASDAQ 100(NDX)$
$SPX is expected to see its dip get bought immediately

$ES crossed 6053 as expected

$E-mini S&P 500 - main 2412(ESmain)$ crossed 6053 as expected, and now realigns with $.SPX(.SPX)$ with both being the in the modest 3rd wave under Wave C.Watch for a 4th wave pullback over the next few sessions to 5970-5950 to then be bought for the FINAL 5th of Wave C of [W5] of Wave 5 ultimately to 6080-6100. With new data, the top looks more likely to occur within the next 1-2 weeks (CPI Dec. 11?). Get ready ! $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2412(NQmain)$ $Invesco QQQ(QQQ)$ Image
$ES crossed 6053 as expected

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 near the reversal point for the multi-month decline

$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ rallied past the conservative targets, but should be near the reversal point for the multi-month decline.The multi-month decline is strongly favored if this leg up remains below 5287. The loss of 5215 is an early warning sign of that.However, if 5287 is exceeded, that would delay the higher degree correction as the next pullback would likely be a 4th wave to be bought for a multi-week rally first.ImageImageImageWe recognized a triangle pattern, so we expected further decline to 5132 support 📉We then longed that support expecting a break higher to 5225 📈Price surpassed expectations and blasted higher to 5260 🚀ImageImageImageImagehttps://twitter.com/Trigg
SPX should be near the reversal point for the multi-month decline

A strong case can be made that the $SPX top is in

With today’s decline, a strong case can be made that the $.SPX(.SPX)$ top is in.However, a cross of the [W2]/[W4] trendline, currently at 5730, is needed to confirm this with maximum confidence.Given the failure to make the fractal high to complete the wave structure, there’s concern that the [W5] rally may still be progressing.I’m open to the possibility of one final high if we remain above the [W2]/[W4] trendline, with potential support at 5867-5800.That said, a failure to quickly recover would increase the likelihood that today’s decline isn’t corrective. While I lean towards $iShares Russell 2000 ETF(IWM)$ and $.DJI(.DJI)$ topping, I’m not certain about SPX an
A strong case can be made that the $SPX top is in

$SPX hit a short-term top today at 5878!

$.SPX(.SPX)$ hit a short-term top today at 5878! Now, we’re at a pivotal moment: either we’ve just completed a 3rd & pulling back for a 4th, or we're about to experience a sharp B-Wave decline.As long as we stay above 5775, the 4th wave scenario is still in play. But if we lose that level, watch out—5700-5650 is the next target on the downside.Personally, I’m leaning towards the B-Wave decline taking shape. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2412(NQmain)$
$SPX hit a short-term top today at 5878!

$SPX rallied strongly from the support zone

$.SPX(.SPX)$ rallied strongly from the support zone, but produced a 5-wave decline from the high.Therefore, this rally is expected to be sold for another modest leg down to around 5800 to complete Wave B with resistance at 6000-6040, if it is not already complete.As long as price does not tick below the [W2]/[W4] trendline, one final high for Wave C is expected. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2503(NQmain)$ ImageImage
$SPX rallied strongly from the support zone

$SPX came within striking distance of confirming the bullish WXY model at 5777!

$.SPX(.SPX)$ came within striking distance of confirming the bullish WXY model at 5777!I'm leaning toward a completed setup here, signaling the beginning of the final ascent—Wave C of [W5] of Wave 5—eyeing the bold 6000 target.If there's a final pullback, look for Wave B to bottom around 5700-5650 before the last surge kicks in. The time is coming !! $.DJI(.DJI)$ to 43.5-44k and SPX to 6000 then they both drop 40-60% $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main
$SPX came within striking distance of confirming the bullish WXY model at 5777!

SPX confirmed completion of the fourth wave thus being in the midst of the fifth wave rally

$S&P 500(.SPX)$ confirmed completion of the fourth wave thus being in the midst of the fifth wave rally.Watch for a pullback to the 5517-5512-5501 range to act as support to continue to extend higher.Ultimately, the fifth wave has ultimate targets of 5580-5605-5640. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2409(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2409(NQmain)$ Imagehttps://x.com/TriggerTrades/status/1809035531411406854
SPX confirmed completion of the fourth wave thus being in the midst of the fifth wave rally

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 ✅ đŸ”„ImageImageImageImagehttps://twitter.com/TriggerTrades/status/1785464146810769796
SPX declined sharply after forming the 3-wave move

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 đŸ”„ImageImageImageImagehttps://twitter.com/TriggerTrades/status/1779726356147744976
Confidence has increased the SPX 5265 peak marks the top of the [W3] rally

SPX 3rd wave 4960 target has been reached, the 4th wave pullback is imminent

Now that the $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ 3rd wave 4960 target has been reached, the 4th wave pullback is imminent.The 4th wave has targets of 4890-4865 with the loss of 4940 being a strong warning sign of that.Once the 4th terminates, price should produce the final 5th wave rally before the multi-week pullback.ImageAnother EPIC session as we longed Friday's low expecting price to trade to 4960 📈 $E-mini S&P 500 - main 2403(ESmain)$ immediately blasted off 60 points off the lows reaching our target zone 🚀ImageImageImageImagehttps://twitter.com/TriggerTrades/status/1754323890367565924/photo/1
SPX 3rd wave 4960 target has been reached, the 4th wave pullback is imminent

$SPX is 100% on track to complete the monumental rallies

Despite the initial misstep in timing, $.SPX(.SPX)$ is still 100% on track to complete the monumental rallies from both the 2022 and 2009 lows, setting the stage for the powerful, multi-year bear market decline that we’ve all been anticipating.What we need now is a final 5-wave climb from the 11/04 low to fully retrace the impulse and wrap up Wave C of the larger [W5] within the Wave 5 ending diagonal. We’re so close to the finish line, as this can occur within weeks![W5] is projected to top out between 6175-6250, with confluence at every turn—the 50% extension of [W1]+[W3], the 61.8% extension of [W3], and the upper boundary of converging trendlines all pointing to this crucial level.A break below the [W2]/[W4] trendline will be the moment that c
$SPX is 100% on track to complete the monumental rallies

SPX should bounce to the 4733-4748 range

$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ SPX should bounce to the 4733-4748 range, but that would expected to be sold.If so, the a-wave is likely extending to take price to 4625-4600 before the b-wave rally.Overall, looking for a ABC decline to the 4585-4530 range to finalize the correction.Image $Apple(AAPL)$ On 12/17, AAPL traced out 5-waves up at the 199.62 high 📝Members were then put on alert for a higher degree pullback to the 190-186 range 📉2 weeks later, AAPL declined to 180 đŸ”„ImageImagehttps://twitter.com/TriggerTrades/status/1744162654057357604
SPX should bounce to the 4733-4748 range

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 đŸ”„ImageImageImageImagehttps://twitt
SPX should be progressing in w1 of Wave C under [W4] to decline to 5000-4975 in the short-term

$SPX Second Wave and Potential Targets

$S&P 500(.SPX)$ either terminated its 2nd wave at today's 5681 low or will see a bit more downside to 5560-5530 first. A break above 5730 would increase odds the 2nd wave is complete favoring a multi-week grind to the 5880-5935-6080 final targetsThe loss of 5630 is now a warning the invalidation point of 5585 will be crossed. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $E-mini Nasdaq 100 - main 2412(NQmain)$ ImageImageMembers were warned todays opening price would be sold targeting 5740-5715 📉 $E-mini S&P 500 - main 2412(ESmain)$
$SPX Second Wave and Potential Targets

$SPX Fourth Wave May Complete Soon

The $S&P 500(.SPX)$ fourth wave COMPLETED at close or will do so quickly tomorrow.A break above 5586 would boost confidence in such that would favor a rapid rally for the fifth targeting 5670-5690 w/ upside to 5750.Further downside may lead to 5532 support to then terminate the fourth wave, however. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2409(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2409(NQmain)$ ImageWe expected a burst higher yesterday to take
$SPX Fourth Wave May Complete Soon

Go to Tiger App to see more news