SPX is expected to make one final burst to 6340

TRIGGER TRADES
07-13

$S&P 500(.SPX)$ is expected to make one final burst to 6340 — likely a bull trap before a sharp reversal begins.

6340 should mark the completion of the impulse from the April low, setting the stage for a higher-degree correction back to 5860.

A Daily close below 6210 would send the short signal with a cross of the 2/4 trendline at 6230 acting as a major red flag.

Don’t chase the breakout — position for the unwind.

$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2509(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2509(NQmain)$

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Comment（2）

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  • vuvence IX
    ·07-14
    I am all cash now and waiting for good entry points into google and baba.
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  • YueShan
    ·07-14
    Good ⭐⭐⭐
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