SPX 5-Wave Rally Complete? Reversal to 5700-5636?

TRIGGER TRADES
11-11

$.SPX(.SPX)$ traced out 5-waves up from the Wave B low to validate the potential that the Wave C of [W5] of Wave 5 rally is complete!

Although unconfirmed, I lean we start to reverse here to the downside leading to the Weekly FVG at 5700-5636 that aligns with the pivotal [W2]/[W4] trendline.

The loss of the 50% retracement of Wave C, currently 5855, would strongly favor such - with the loss of the 0/B trendline (5760) confirming.

We may bounce in that 5700-5636-5600 zone before we really breakdown, so keep that in mind.

$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$

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  • Stoid
    ·11-11
    Swt - so after peak to drop say a day or two how many days after that do you think that small rebound be Trigger?


    All being equal we should see a big flux of volume out when the slide starts happening - nice mapping 👍🏿
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