A higher degree pullback looms for SPX

TRIGGER TRADES
05-19

A higher degree pullback looms for $S&P 500(.SPX)$ , though bulls inverted the last stand resistance of the Weekly FVG increasing odds we will correct for a 4th wave.

If so, I would expect the 5845-5691 range to act as support for the 4th to then rally for the 5th wave - ultimately leading to new highs before crashing.

Only a Daily close below 5582 would return confidence in the bear case - as it’s more likely the crash phase will come following new highs.

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

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