thanks BC π
we are coming from a good earnings week...π
not sure what to expect in the long term, usually Donald Duck's crazy news could affect the market sentiment π€
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@BarcodeοΌ$S&P 500(.SPX)$ π¨ππ§ SPX: Topping Out or Ready to Rip? This Is the Line in the Sand π§ ππ¨ $SPX is SO CLOSE to TOPPING before the next major leg down. Weβre now parked at a confluence of resistance: β’ 90 to 100 percent extension zone β’ 200DMA β’ Weekly Fair Value Gap β’ Upper boundary of the WXY count The 5D Swing Model is already flashing yellow. Risk Trigger sits at 5832.77, Lower Band at 5540.57, and the success rate holds strong at 75 percent. Price is hovering right under that ceiling at 5746.01. Wouldnβt surprise me to see $5880 $SPX by June or July. Seems like we did the $5290 already. If we see a Daily close below 5582, thatβs our first warning flare! A cross below 5400, the 50 percent retracement from the April 21 low, is needed to confirm this as a Bear Market Rally β with a downside target of 4600 to 4400 in the months ahead. Wave Y completion levels to watch: β’ 90 percent = 4550.77 β’ 100 percent = 4419.65 β’ 110 percent = 4288.53 However, a Weekly close above 5838 or a clean bullish 5-wave up structure would invalidate the bear thesis. JPM collar is in play. Not a straight shot but keep it on the radar. π§ Key Levels: β’ Resistance: 5705 to 5838 β’ 200DMA test ongoing β’ 5582: first warning level β’ 5400: confirmation of bear rally β’ 5838: breakout invalidation level Meanwhile, option flow is screaming hedge: β’ $5880C for June: $301.91M β’ $5290P and $4460P stacked: over $465M β’ Collars hint at turbulence, not a moonshot This marketβs on the edge of its seat. Is this the final gasp of the rally or just the mid-cycle squeeze before liftoff? Either way, volatility is king. π’ Donβt miss out! Like, Repost and Follow me for exclusive setups, cutting-edge trends, and insights that move markets ππ Iβm obsessed with hunting down the next big movers and sharing strategies that crush it. Letβs outsmart the market and stack those gains together! π Trade like a boss! Happy trading ahead, Cheers, BC πππππ @Tiger_comments @TigerWire @TigerStars @TigerPicks @Daily_Discussion 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.
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