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

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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.

Image

Following 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 🚀

Image

https://twitter.com/TriggerTrades/status/1778574813922984095

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Christianaa
·04-15
Definitely an eventful session in the markets!
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blinxz
·04-15
Wow, impressive technical analysis!
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likely targeting 5090 w/ potential to extend lower.Overall, confidence has increased the downside momentum will continue lower escalating the [W4] decline.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/ae7ee4ce2133d70726bdbbfe334fe2f3\" tg-width=\"3836\" tg-height=\"2068\">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 <a data-mention-id=\"NDX\" class=\"teditor-mention\" data-mention-name=\"NASDAQ 100\" href=\"https://ttm.financial/S/NDX\">$NASDAQ 100(NDX)$</a> to produce a rally today targeting the 110% ext. of the first up 🎯NDX blasted higher to that target 🚀<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/d298f554a0500c985d9be5075870f250\" tg-width=\"3836\" tg-height=\"2066\">Image<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/3aeba81827fa56dae22a53ccf9147c11\" tg-width=\"3838\" tg-height=\"2068\">Image<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/9fde6cd76db407d8f136e3f6f3e4b34a\" tg-width=\"1921\" tg-height=\"1034\">Image<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/d09f44a04a4c63f7a185c02658632adc\" tg-width=\"3840\" tg-height=\"2068\">Imagehttps://twitter.com/TriggerTrades/status/1778574813922984095</body></html>","htmlText":"<html><head></head><body> <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> 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.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/ae7ee4ce2133d70726bdbbfe334fe2f3\" tg-width=\"3836\" tg-height=\"2068\">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 <a data-mention-id=\"NDX\" class=\"teditor-mention\" data-mention-name=\"NASDAQ 100\" href=\"https://ttm.financial/S/NDX\">$NASDAQ 100(NDX)$</a> to produce a rally today targeting the 110% ext. of the first up 🎯NDX blasted higher to that target 🚀<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/d298f554a0500c985d9be5075870f250\" tg-width=\"3836\" tg-height=\"2066\">Image<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/3aeba81827fa56dae22a53ccf9147c11\" tg-width=\"3838\" tg-height=\"2068\">Image<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/9fde6cd76db407d8f136e3f6f3e4b34a\" tg-width=\"1921\" tg-height=\"1034\">Image<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/d09f44a04a4c63f7a185c02658632adc\" tg-width=\"3840\" tg-height=\"2068\">Imagehttps://twitter.com/TriggerTrades/status/1778574813922984095</body></html>","text":"$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ 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. Image Following 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 🚀 Image Image Image Image https://twitter.com/TriggerTrades/status/1778574813922984095","highlighted":1,"essential":1,"paper":2,"likeSize":93,"commentSize":2,"repostSize":4,"favoriteSize":0,"link":"https://ttm.financial/post/294704519675936","repostId":0,"isVote":1,"tweetType":1,"viewCount":651,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["NDX",".SPX","SPY"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":615,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":295503591698728,"commentId":"295503591698728","gmtCreate":1713154356523,"gmtModify":1713253181763,"authorId":9000000000000679,"author":{"id":9000000000000679,"idStr":"9000000000000679","authorId":9000000000000679,"name":"Christianaa","avatar":"https://static.tigerbbs.com/d8b1a5b94d88ec09f89e9cadf2a22203","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":294704519675936,"objectIdStr":"294704519675936","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Definitely an eventful session in the markets!","text":"Definitely an eventful session in the markets!","html":"Definitely an eventful session in the markets!","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":295503215239400,"commentId":"295503215239400","gmtCreate":1713154354069,"gmtModify":1713253181230,"authorId":9000000000000659,"author":{"id":9000000000000659,"idStr":"9000000000000659","authorId":9000000000000659,"name":"blinxz","avatar":"https://static.tigerbbs.com/b87144102ab2af711f17815c3c403285","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":294704519675936,"objectIdStr":"294704519675936","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Wow, impressive technical analysis!","text":"Wow, impressive technical analysis!","html":"Wow, impressive technical analysis!","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}