SPX Upside Risk to 5570-5580: AAPL, NVDA, MSFT Lagging

TRIGGER TRADES
04-26

$S&P 500(.SPX)$ is within the Daily + Weekly FVG that is expected to act as resistance.

However, there is risk for a bit more upside to 5570-5580 as stocks like $Apple(AAPL)$ $NVIDIA(NVDA)$ $Microsoft(MSFT)$ have yet to cross their Monthly highs like SPX + $NASDAQ 100(NDX)$ .

The secondary measured targets of 5685-5750 would increase in probability with a Daily close above 5572.

Though if we trade below 5440, that is a strong warning the rally done w/ the loss of the 50% retrace of the 2nd leg up confirming - currently 5315.

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

ImageImage

For whom haven't open CBA can know more from below:

🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!

Find out more here：

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
29