SPX came just short of the 5685-5750 target zone

TRIGGER TRADES
05-02

$S&P 500(.SPX)$ came just short of the 5685-5750 target zone.

As long as price remains above 5545, it has upside potential to that zone - holding confluence of the 100% extension, Weekly FVG, and 200DMA.

However, the loss of 5545 would suggest the bearish WXY or bullish 3rd wave terminated to begin pulling back to 5461-5401 support.

Overall, the bearish WXY model is only confirmed below the 50% retracement of the Apr 21 rally - currently 5380.

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

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