SPX exceeded 5096, which lead to a new high above 5123 extending the B-Wave rally
$S&P 500(.SPX)$$SPDR S&P 500 ETF Trust(SPY)$ exceeded 5096, which lead to a new high above 5123 extending the B-Wave rally.However, price is expected to reverse at 5155-5165 (5180 max) with the loss of 5080-90 confirming such.If that occurs, SPX should retrace 61.8-78.6% of the B-Wave rally for w1 of Wave C.The loss of 5100 without a higher high above 5139 would also favor completion of the B-Wave rally.ImageImagehttps://twitter.com/TriggerTrades/status/1786546041426247743
SPX should be progressing in w1 of Wave C under [W4] to decline to 5000-4975 in the short-term
It is strongly favored the B-Wave terminated at the 5123 high.Therefore, $S&P 500(.SPX)$$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 declined sharply after forming the 3-wave move
As WARNED, $S&P 500(.SPX)$$SPDR S&P 500 ETF Trust(SPY)$ declined sharply after forming the 3-wave move. Odds favor the B-Wave completing at the 5123 high & if we remain below 5105 - leading to the 4820-4770 [W4] targets.However, if price exceeds 5105, that is a warning sign we will trade to 5150-5160 to officially terminate the B-Wave.ImageImageAs you all know, we were expecting a sharp reversal from the highs following the 3-wave move📉From Monday's peak, we targeted the 5035-5014 range🎯SPX rapidly declined to that range at close for a 90 point move ✅ 🔥ImageImageImageImagehttps://twitter.com/TriggerTrades/status/1785464146810769796
WARNING! SPX has now reached the 5110 target with a corrective
WARNING! $S&P 500(.SPX)$$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
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)$$SPDR S&P 500 ETF Trust(SPY)$ likely terminated its short-term correction at today's 4990 low.Therefore, price should begin the final corrective leg up targeting 5110-5130-5150.Loss of 4953 would favor the C-Wave already beginning, however, targeting that 4820 [W4] termination range.ImageImageFrom yesterday's high and close, we expected that price completed the a-wave of the B-Wave ✅We then targeted the 5040-5005 range for the decline🎯Price gapped down lower a bit lower than expected, which only benefited us 🔥ImageImagehttps://twitter.com/TriggerTrades/status/1783640547271364683
SPX rallied strongly after terminating the A-Wave reaching the first upside target of 5070
As projected, $S&P 500(.SPX)$$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 has declined to the 4983-4942 range as expected
$S&P 500(.SPX)$$SPDR S&P 500 ETF Trust(SPY)$ has declined to the 4983-4942 range as expected, which should terminate the A-Wave.Therefore, a B-Wave rally is expected targeting 5070-5100. Confidence in that is boosted above 4995.That B-Wave would expected to be sold until the 4820 target is metImageImagehttps://twitter.com/TriggerTrades/status/1782380067638669588
There may be a modest bounce to the SPX 5050-5080 range
There may be a modest bounce to the $S&P 500(.SPX)$$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
SPX should continue getting sold until the 4983-4942 range for an A-Wave
As adamantly warned, $S&P 500(.SPX)$$SPDR S&P 500 ETF Trust(SPY)$ has escalated the [W4] decline & still has downside potential left.SPX should continue getting sold until the 4983-4942 range for an A-Wave.A B-Wave rally would then be expected before the 4820 [W4] termination target is reached.ImageImageWe have been expecting the bounces being sold to escalate the higher degree [W4] decline 📉We were targeting 5085-5010 on the next wave down from the 2nd wave peak🎯SPX flushed 160+ points since ✅ entering that target range w/ potential for more 🌊ImageImagehttps://twitter.com/TriggerTrades/status/1780386329118798287
Confidence has increased the SPX 5265 peak marks the top of the [W3] rally
Confidence has increased the $S&P 500(.SPX)$$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