SPX Bottom in?

TRIGGER TRADES
04-08

Bottom in? NOPE. Still expecting one more wave down to complete the bearish 5-wave diagonal from the 6147 peak.

$S&P 500(.SPX)$ traced out a potential bearish 4th wave triangle at close, so we should begin the 5th wave immediately targeting 4800-4720.

A break above 5120 is a warning sign this set up will fail with 5246+ as the hard invalidation.

If we do produce the projected 5th wave decline, there will then be great risk for a multi-week rally.

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

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