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.
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As 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 ✅ 🔥
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https://twitter.com/TriggerTrades/status/1785464146810769796
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- BrianWashington·05-07Great content and detailed analysis on SPX movement. Very informative! 👍LikeReport