TRIGGER TRADES
TRIGGER TRADES
Leader In Elliott Wave | Futures Trader
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2024-04-19

There may be a modest bounce to the SPX 5050-5080 range

There may be a modest bounce to the $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ 5050-5080 range before another leg down to 4985-4942.Once 4985-4942 is reached with a 5-wave price structure for the A-Wave, a B-Wave Rally would be expected.ImageWe were expecting price to remain below SPX 5080šŸ”Øto produce a sharp sell targeting 5007 šŸŽÆSPX topped at 5078 before a melt down to EXACTLY 5007 āœ… šŸ”„We then expected a rally to 5050 from that low, which also played out perfectly šŸ¤ÆImageImageImageImagehttps://twitter.com/TriggerTrades/status/1781125203872924053
There may be a modest bounce to the SPX 5050-5080 range
avatarTRIGGER TRADES
01-24 07:21

$SPX made a new high invalidating the bearish 2nd/3rd wave set up

$.SPX(.SPX)$ made a new high invalidating the bearish 2nd/3rd wave set up. Therefore, it is favored that we are in the [W5] of Wave 5 rally targeting 6250-6375.Further rally is likely, but expect the new Daily FVG at 6076-6015 to act as support for a 2nd wave under [W5].This is invalidated below 5935, but since $ES has yet to cross its own respective high (SPX 6150 | ES 6184), SPX should remain above that until $E-mini S&P 500 - main 2503(ESmain)$ crosses that peak. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$
$SPX made a new high invalidating the bearish 2nd/3rd wave set up
avatarTRIGGER TRADES
2024-06-28

As long as we remain above 5400, $SPX is set up for new highs

As long as we remain above 5400, $S&P 500(.SPX)$ is set up for new highsOnce above 5505, that should lead to 5525-5540ā€“5580, but would be highly vulnerable to a higher degree pullback.The loss of 5411 should lead to 5430-5415 support to then extend to new highs. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2409(ESmain)$ $E-mini Nasdaq 100 - main 2409(NQmain)$ ImageWe sold both the highs today as price met resistance of A=C and Fair Value Gaps āŒ $E-mini S&P 500 - main 2409(ESmain)$ then produced declines from our resistance areas netting us 30 p
As long as we remain above 5400, $SPX is set up for new highs
avatarTRIGGER TRADES
2024-09-23

$SPX is expected to see its dip get bought immediately

$S&P 500(.SPX)$ is expected to see its dip get bought immediately or at 5660 to then produce a higher high.An immediate higher high may complete a fractal 5th to return to the range before continuing higher, but the later would favor direct upside following. Overall, I am expecting a melt up to the 5880-5935-6080 targets for the final leg up as long as we remain above 5565. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $NASDAQ(.IXIC)$ $E-mini Nasdaq 100 - main 2412(NQmain)$ $NASDAQ 100(NDX)$
$SPX is expected to see its dip get bought immediately
avatarTRIGGER TRADES
2024-12-01

$ES crossed 6053 as expected

$E-mini S&P 500 - main 2412(ESmain)$ crossed 6053 as expected, and now realigns with $.SPX(.SPX)$ with both being the in the modest 3rd wave under Wave C.Watch for a 4th wave pullback over the next few sessions to 5970-5950 to then be bought for the FINAL 5th of Wave C of [W5] of Wave 5 ultimately to 6080-6100. With new data, the top looks more likely to occur within the next 1-2 weeks (CPI Dec. 11?). Get ready ! $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2412(NQmain)$ $Invesco QQQ(QQQ)$ Image
$ES crossed 6053 as expected
avatarTRIGGER TRADES
2024-04-12

Confidence has increased the downside momentum will continue

$SPX continues to defend the 5265 high following CPI and formed a impulse down. The impulse down is a bearish continuation pattern suggesting further downside below 5138 - likely targeting 5090 w/ potential to extend lower. Overall, confidence has increased the downside momentum will continue lower escalating the [W4] decline.$SPY $ES_F $NQ_F $QQQ $NDQ $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$ $Invesco QQQ Trust-ETF(QQQ)$ $Destiny Tech100 Inc(DXYZ)$ Image
Confidence has increased the downside momentum will continue

$SPX - The current rally may hold a potential 5-wave impulse up

$.SPX(.SPX)$ should be close to completing the 2nd wave correction before beginning the powerful 3rd wave decline.The current rally may hold a potential 5-wave impulse up if we decline immediately, but a quick new high to 6030-6050 would turn the rally into a bearish 7-wave price swing.There is a Daily FVG at 5931-5872 that could act as support, but a Daily close below 5872 would strongly favor the 3rd wave decline beginning. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$
$SPX - The current rally may hold a potential 5-wave impulse up

$SPX is primed to see a multi-year bear market declining 40-60%

2025 will be apart of a historic collapse, as $.SPX(.SPX)$ is primed to see a multi-year bear market declining 40-60%.Expect a new high in the upcoming weeks, but that will be a bull trap marking the top of a 16-year rally.A break below the [W2]/[W4] trendline would confirm such.SPX failed to hold support - now favoring a modest new low to 5805 to complete the Wave B correction.$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2503(NQmain)$Image
$SPX is primed to see a multi-year bear market declining 40-60%
avatarTRIGGER TRADES
2024-03-23

SPX should be near the reversal point for the multi-month decline

$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ rallied past the conservative targets, but should be near the reversal point for the multi-month decline.The multi-month decline is strongly favored if this leg up remains below 5287. The loss of 5215 is an early warning sign of that.However, if 5287 is exceeded, that would delay the higher degree correction as the next pullback would likely be a 4th wave to be bought for a multi-week rally first.ImageImageImageWe recognized a triangle pattern, so we expected further decline to 5132 support šŸ“‰We then longed that support expecting a break higher to 5225 šŸ“ˆPrice surpassed expectations and blasted higher to 5260 šŸš€ImageImageImageImagehttps://twitter.com/Trigg
SPX should be near the reversal point for the multi-month decline
avatarTRIGGER TRADES
2024-12-30

$SPX - Not expecting a lower low sub 5832

$.SPX(.SPX)$ has either completed the 2nd wave, or is about to, before taking off for the 3rd wave under the final Wave C of [W5] of Wave 5 rally.5915 is expected to act as support to push price to 6130-6150 for the 3rd, but the rally should ultimately terminate in the 6200-6250 range. Not expecting a lower low sub:5832, but it is allowed as long as we do not cross the [W2]/[W4] trendline. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2503(NQma
$SPX - Not expecting a lower low sub 5832
avatarTRIGGER TRADES
2024-10-18

$SPX hit a short-term top today at 5878!

$.SPX(.SPX)$ hit a short-term top today at 5878! Now, weā€™re at a pivotal moment: either weā€™ve just completed a 3rd & pulling back for a 4th, or we're about to experience a sharp B-Wave decline.As long as we stay above 5775, the 4th wave scenario is still in play. But if we lose that level, watch outā€”5700-5650 is the next target on the downside.Personally, Iā€™m leaning towards the B-Wave decline taking shape. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2412(NQmain)$
$SPX hit a short-term top today at 5878!
avatarTRIGGER TRADES
2024-11-05

$SPX came within striking distance of confirming the bullish WXY model at 5777!

$.SPX(.SPX)$ came within striking distance of confirming the bullish WXY model at 5777!I'm leaning toward a completed setup here, signaling the beginning of the final ascentā€”Wave C of [W5] of Wave 5ā€”eyeing the bold 6000 target.If there's a final pullback, look for Wave B to bottom around 5700-5650 before the last surge kicks in. The time is coming !! $.DJI(.DJI)$ to 43.5-44k and SPX to 6000 then they both drop 40-60% $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main
$SPX came within striking distance of confirming the bullish WXY model at 5777!
avatarTRIGGER TRADES
2024-07-05

SPX confirmed completion of the fourth wave thus being in the midst of the fifth wave rally

$S&P 500(.SPX)$ confirmed completion of the fourth wave thus being in the midst of the fifth wave rally.Watch for a pullback to the 5517-5512-5501 range to act as support to continue to extend higher.Ultimately, the fifth wave has ultimate targets of 5580-5605-5640. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2409(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2409(NQmain)$ Imagehttps://x.com/TriggerTrades/status/1809035531411406854
SPX confirmed completion of the fourth wave thus being in the midst of the fifth wave rally

$SPX TOP CONFIRMED!

$.SPX(.SPX)$ TOP CONFIRMED!With the break of the [W2]/[W4] trendline, SPX has officially topped at the 6099.97 peak, marking the completion of a massive 15-year wave cycle from the 2009 low (!!).The unraveling begins now. Over the next 1-3 years, a 40-60% decline from the peak is anticipated, with every rally met with relentless selling until we reach 3400-2700.This is no ordinary correctionā€”prepare for chaos. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq
$SPX TOP CONFIRMED!
avatarTRIGGER TRADES
2024-05-01

SPX declined sharply after forming the 3-wave move

As WARNED, $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ declined sharply after forming the 3-wave move. Odds favor the B-Wave completing at the 5123 high & if we remain below 5105 - leading to the 4820-4770 [W4] targets.However, if price exceeds 5105, that is a warning sign we will trade to 5150-5160 to officially terminate the B-Wave.ImageImageAs you all know, we were expecting a sharp reversal from the highs following the 3-wave movešŸ“‰From Monday's peak, we targeted the 5035-5014 rangešŸŽÆSPX rapidly declined to that range at close for a 90 point move āœ… šŸ”„ImageImageImageImagehttps://twitter.com/TriggerTrades/status/1785464146810769796
SPX declined sharply after forming the 3-wave move
avatarTRIGGER TRADES
2024-04-15

Confidence has increased the SPX 5265 peak marks the top of the [W3] rally

Confidence has increased the $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ 5265 peak marks the top of the [W3] rallyIf SPX exceeds 5160, it should rally to 5205-5231 to then reverse sharply.Main lean is that the 5265 peak is not crossed to produce a multi-week correction to the 4916-4800 range.ImageImageWe were expecting a sharp reversal from Thursdayā€™s high for both SPX and $NASDAQ(.IXIC)$ šŸ“‰Friday produced a powerful decline from both their respective highs with SPX fading 100 points and NQ 400 šŸ”„ImageImageImageImagehttps://twitter.com/TriggerTrades/status/1779726356147744976
Confidence has increased the SPX 5265 peak marks the top of the [W3] rally

SPX: Key Levels to Watch for Wave 2 Completion and Wave 3 Decline Initiation

$.SPX(.SPX)$ should trace out a clear 3-wave move in the 5975-6030 range to terminate the 2nd wave before the powerful 3rd wave decline.We could see a bit more upside, but the 5890-5845 area should act as support for the final leg for the 2nd wave.However, a Daily close below 5872 would be a strong indication the 2nd wave is complete & the 3rd wave decline is beginning. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2503(NQmain)$ ImageIma
SPX: Key Levels to Watch for Wave 2 Completion and Wave 3 Decline Initiation
avatarTRIGGER TRADES
2024-02-06

SPX 3rd wave 4960 target has been reached, the 4th wave pullback is imminent

Now that the $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ 3rd wave 4960 target has been reached, the 4th wave pullback is imminent.The 4th wave has targets of 4890-4865 with the loss of 4940 being a strong warning sign of that.Once the 4th terminates, price should produce the final 5th wave rally before the multi-week pullback.ImageAnother EPIC session as we longed Friday's low expecting price to trade to 4960 šŸ“ˆ $E-mini S&P 500 - main 2403(ESmain)$ immediately blasted off 60 points off the lows reaching our target zone šŸš€ImageImageImageImagehttps://twitter.com/TriggerTrades/status/1754323890367565924/photo/1
SPX 3rd wave 4960 target has been reached, the 4th wave pullback is imminent
avatarTRIGGER TRADES
2024-12-10

$SPX is 100% on track to complete the monumental rallies

Despite the initial misstep in timing, $.SPX(.SPX)$ is still 100% on track to complete the monumental rallies from both the 2022 and 2009 lows, setting the stage for the powerful, multi-year bear market decline that weā€™ve all been anticipating.What we need now is a final 5-wave climb from the 11/04 low to fully retrace the impulse and wrap up Wave C of the larger [W5] within the Wave 5 ending diagonal. Weā€™re so close to the finish line, as this can occur within weeks![W5] is projected to top out between 6175-6250, with confluence at every turnā€”the 50% extension of [W1]+[W3], the 61.8% extension of [W3], and the upper boundary of converging trendlines all pointing to this crucial level.A break below the [W2]/[W4] trendline will be the moment that c
$SPX is 100% on track to complete the monumental rallies

$SPX is expected to continue lower to 5805 to terminate the Wave B rally

$.SPX(.SPX)$ is expected to continue lower to 5805 to terminate the Wave B rally.Once complete, price would set up for its last leg up - Wave C of [W5] of Wave 5 The ultimate Wave C rally will start the new year off with a bang targeting 5200-5250 only to top out. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2503(NQmain)$ ImageSPX failed to rally for the fractal 5th wave thus resolvingthe pattern as a 5-wave up from the August low for Waveƃ
$SPX is expected to continue lower to 5805 to terminate the Wave B rally

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