$SPX is locked in the 2nd wave position

TRIGGER TRADES
01-17

$.SPX(.SPX)$ is locked in the 2nd wave position, gearing up for a monstrous 3rd wave flush after completing its 15-year top.

Be on watch for a pullback to 5890-5845 piercing the CPI gap before terminating the 2nd wave in the 5975-6030 range.

If so, price should begin a powerful melt down for the 3rd, setting the stage for the multi-year bear market crash phase.

$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2503(NQmain)$

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With price crossing the [W2]/W4]trendline, that activatesthe 2/4 trendline model favoring that the impulse from the2022 low is complete - thus the [W5] of Wave 5 rally.

Therefore, the 6099.97 peak now marks the top of the 15-year rally to now enter the multi-year bear market with40-60% downside targeting 3400-2700

Price is expected to see all of its rallies get viciouslysold over the next 1-3 years until those targets arereache d.

However, a cross above 6099.97 would invalidate suchand bring uncertainty as the 2/4 trendline model stronglyfavors that not being crossed.

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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

  • sexymint
    01-17
    sexymint
    Share your short position pls.
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