With the slight break of 5262, the higher degree correction is likely delayed
With the slight break of 5262, the higher degree correction is likely delayed, but is still expected to occur within weeks.
It is now favored that $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ rallies to the 5335-5400 range to terminate [W3] before the sharp, multi-month decline to 4800 for [W4].
Image
Image
It remains strongly favored that SPX has begun the higher degree correction.
As long as SPX continues to remain below 5261, it should start to escalate the decline.
It is most likely we continue to stay under 5261 until roughly 4915-4820 is reached.
Image
https://twitter.com/TriggerTrades/status/1773500321202938262
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
