SPX Vulnerable After CPI, Nears Target Zone
$S&P 500(.SPX)$ is approaching the 5th of the fifth wave target zone in the 5590-5605 range.
If/once reached, price will be highly vulnerable to a pullback - potentially the higher degree [W4] correction.
CPI is Thursday, which should act as a catalyst to reverse price lower.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2409(ESmain)$ $E-mini Nasdaq 100 - main 2409(NQmain)$ $Invesco QQQ(QQQ)$
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From last Monday's lows, we expected price to complete the higher degree 4th wave thus beginning the 5th with targets of 5540-5580-5615 🎯
Since then, SPX has rallied in a straight line reaching the 5580 target 🔥
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https://x.com/TriggerTrades/status/1810472280041906209
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- Ah Huat Kopi·07-09NiceLikeReport