SPX declined to the 5461-5406 support zone then rallied exactly as expected

TRIGGER TRADES
05-01

$S&P 500(.SPX)$ declined to the 5461-5406 support zone then rallied exactly as expected ✅

Price should now be set up to continue pushing to the 5685-5750 upside targets to complete the bearish WXY model or bullish 3rd wave.

Below the 50% retrace from Apr 21, currently 5342, would confirm the bearish WXY model.

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

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We were expecting a pullback to the H4 FVG to then be bought.

SPX declined to our support zone then rallied for a new high right off of it!

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