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.
Image
Image
Wild 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 arose
SPX then rallied for another 40 points to our 5070 target 🔥
Image
Image
Image
Image
https://twitter.com/TriggerTrades/status/1786184297830871122
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.
- StaceyJulia·05-03It's difficult to accurately predict short-term movements in the market.LikeReport