Pivotal spot for $SPX in the short-term!

TRIGGER TRADES
2024-10-16

Pivotal spot for $.SPX(.SPX)$ in the short-term!

If it can hold above 5772, it should produce another high to 5871-5900 for a 5th of a third to continue to see the dips get bot.

However, below 5772 would lead to a multi-day correction targeting -5672 before the final leg up under [W5] of Wave 5.

$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2412(NQmain)$

ImageImage

ImageImage

We crushed Friday's price action using the WXY Model combined with ICT concepts.

Alerts were sent at Thursday's low, close, and Friday's open signaling for a long to 5820.

That target was reached exactly as projected!

ImageImage

ImageImage

ImageImage

ImageImage

Take Profit as S&P Hits 5800 or Hold Till 6000?
As the stock market hits record highs more than 40 times this year, there are concerns that history might repeat itself and another financial crisis could occur. ---------------- Will S&P 500 hit 6000 by year-end as institutions predict? Would you take profit and stay cautious ahead or hold till the year-end?
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
9