SPX extended its rally most likely in the final 5th of the 5th wave position
$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ extended its rally most likely in the final 5th of the 5th wave position.
As long as it above 5057, it should continue to extend a bit more to the 5150-5200 targets.
However, once 5150-5200 is reached, SPX is vulnerable to a correction back to 4800.
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After tracing out a corrective decline on Thursday, we were looking higher above 5057 expecting 5125-5160 to trade 🎯
SPX then blasted off *already* reaching 5140 - with more upside left to go 🔥
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https://twitter.com/TriggerTrades/status/1764549556648214900
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