SPX is now in prime position to reverse higher for the corrective 2nd wave
With the modest lower low, $S&P 500(.SPX)$ is now in prime position to reverse higher for the corrective 2nd wave.
A break above 5560 would increase odds as that would cross the trendline from Friday's high, though a Daily above 5667 is needed to confirm leading to the blue retrace zone.
Tricky fractal count, but I am leaning the 1st is done & short squeeze is next. Just want that cross above the trendline. Way too risky to short now for sure.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2503(NQmain)$
Image
Image
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.
