SPX 5120 target reached

TRIGGER TRADES
04-05

$S&P 500(.SPX)$ 5120 target reached✅Watch for a 4th wave bounce here to 5240-5280.

Expecting that to be sold, but may wait until we get a green candle Monday to sell off for the 5th targeting 5000 or lower.

$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2506(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2506(NQmain)$

ImageImage

This was my analysis from yesterday:

5400 target reached ✅ Now, SPX is primed to keep cratering in the ultra-bearish 3rd wave, with a target of 5300 on the horizon.

Watch for a brief fractal bounce soon, but it’ll barely retrace 23.6-30-38.2% of the drop from Thursday's high before we dive into another leg lower.

The odds favor breaking the 5120 swing low – or at least getting dangerously close.

ImageImage

Open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.

Other helpful links:

💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉

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.

Comments

We need your insight to fill this gap
Leave a comment
3