$SPX 3rd Wave Down Confirmed, Path Lower Clear
$S&P 500(.SPX)$ rejected the Daily FVG resistance exactly as expected and the 3rd wave down is back underway.
Path of least resistance: equal lows at $E-mini S&P 500 - main 2606(ESmain)$ 6635 | SPX 6585.
This leg resolves into the Monthly FVG at 6,550–6,500.
Bias remains lower against today's high.
No reason to fight this.
Pre-FOMC Analysis:
"My lean is that we ultimately resolve lower and break last week's lows, targeting the equal lows on the Daily / Weekly at ES 6635"
Now -77 points and counting...
Projected the rejection.
Projected the path.
Projected the target.
$Gold - main 2604(GCmain)$ delivered.
I crush every market I touch.
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now
Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
-
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
-
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
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.
