Now that the 5435 target was reached, SPX is highly vulnerable to a pullback
Now that the 5435 target was reached, $S&P 500(.SPX)$ is highly vulnerable to a pullback - potentially of a higher degree.
If SPX remains below the 5447 peak, it can escalate lower to fill the open gap at 5375 to see its bounces continuously get sold.
However, if price trades above 5447, it can extend to 5462-5510 with the former being more probable.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - Jun 2024(ES2406)$ $E-mini S&P 500 - main 2406(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2406(NQmain)$
Image
Image
From today's open, we expected a downside reversal targeting 5403 🎯
SPX declined to that level EXACTLY for 35+ pts ✅
We then expected a rally back to 5425 from that low 📈
SPX rose for another 30+ pts on the upside 🔥
Image
Image
Image
Image
https://x.com/TriggerTrades/status/1801412125232877859
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.
