$SPX $META Bearish Divergence Points to W5 Downside

TRIGGER TRADES
03-27

I'm most known for my $S&P 500(.SPX)$ analysis.

But you have NO IDEA what I can do when I branch out.

$Meta Platforms, Inc.(META)$ — I warned members this was heading to 550–530 when it was still above 600.

Now it's at 547 and the targets are being delivered.

Imagine what you're missing on the other tickers.

SPX, META, it doesn't matter.

The EW 2.0 framework works on everything.

Despite today's rally, the bear case actually got STRONGER.

Bearish SMT divergence with $Dow Jones(.DJI)$ at today's high.

$S&P 500(.SPX)$ has resolved its sideways chop into a potential W4 triangle — complete A-B-C-D-E structure.

Lean: W5 decline targeting 6,465–6,420.

Today's high invalidates the triangle.

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.

🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now

Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.

Click to access the activity

Other helpful links:

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