SPX is exaggerating the 1st fractal wave of the multi-year bear market

TRIGGER TRADES
03-12

$S&P 500(.SPX)$ is exaggerating the 1st fractal wave of the multi-year bear market, but is potentially complete to begin a 2nd wave corrective rally.

The key is the 50% of Friday's decline, currently 5565. If SPX crosses that, the 2nd wave is confirmed in progression to retrace 38.2-50% of the 1st (5765-5840).

There is risk for choppy downside while below 5565, though I lean we likely already completed the 1st wave at today's low.

$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2503(NQmain)$

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  • Tiger_CashBoostAccount
    ·03-13
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    • BtWin: 
      Gov Shut down i think most people will bet on Short. I gonna wait and see
      03-14
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