SPX exceeded 5096, which lead to a new high above 5123 extending the B-Wave rally
$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ exceeded 5096, which lead to a new high above 5123 extending the B-Wave rally.
However, price is expected to reverse at 5155-5165 (5180 max) with the loss of 5080-90 confirming such.
If that occurs, SPX should retrace 61.8-78.6% of the B-Wave rally for w1 of Wave C.
The loss of 5100 without a higher high above 5139 would also favor completion of the B-Wave rally.
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https://twitter.com/TriggerTrades/status/1786546041426247743
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- ElvisMarner·05-06Well done, you have shared valuable insights on the SPX rally 🚀👍LikeReport
- marketpre·05-06Will be keeping an eye on this!LikeReport