The $SPX 4th wave triangle is on the cusp of completion
The $.SPX(.SPX)$ 4th wave triangle is on the cusp of completion — if it's not complete already.
If so, the last leg of the 15-year rally is expected to begin imminently to ultimately target 6150-6200 - potentially charged by FOMC Wednesday.
However, once the 5th wave reaches its peak, expect the tides to shift dramatically as the bear market correction takes hold.
If the triangle fails, 6030-6003 is secondary support for the 4th wave.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2412(NQmain)$
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.
- KSR·12-17👍LikeReport