SPY 5th Wave Ends, Pullback Into 7046–6845 FVG Ahead of FOMC
A pullback is coming.
$SPDR S&P 500 ETF Trust(SPY)$ is completing its 5th wave.
Bearish SMT divergence printed at the prior week high against $DJI.
Below today's low confirms it.
$S&P 500(.SPX)$ is expected to decline into the Weekly FVG at SPX 7046–6845.
This isn't a crash setup.
It's a shallow 2nd wave pullback before the multi-week rally begins.
FOMC tomorrow is the catalyst.
Not the optimal trading conditions, but sitll crushing.
$E-mini S&P 500 - main 2606(ESmain)$ shorts in the AM
$E-mini S&P 500 - main 2606(ESmain)$ longs in the PM
Members up $2k before noon.
😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance.
🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold!
Hot Merch Returns · Up to 43% Off
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.
