SPX: W2 Pullback Complete, W3 Rally Targets 7000–7050
$S&P 500(.SPX)$ w2 pullback came overnight, increasing odds in w3 of W5.
Could see a dip tomorrow, but expecting dips to get bought to 7000–7050.
Daily FVG support remains 6893–6871, though unlikely to be tapped now.
Daily close below 6871 still threatens the setup.
Friday, we expected a w2 pullback before the w3 rally.
Both played out today — price recovered the H4 FVG then blasted to new highs for w3.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2603(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $Dow Jones(.DJI)$ $E-mini Dow Jones - main 2603(YMmain)$ $iShares Russell 2000 ETF(IWM)$
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.
Other helpful links:
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
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.
