$SPX Hits FVG Resistance as $GOOGL Short Delivers +11.64%
The $S&P 500(.SPX)$ tagged fair value gap (FVG) resistance and broke above the trendline drawn from recent highs, only to sell off sharply after hours.
The current bias favors another move lower, with a daily close below 7,702 serving as the key trigger.
Meanwhile, the $Alphabet(GOOGL)$ short setup shared on October 16 has delivered a +11.64% gain, with targets reached after earnings. 👇
🔻 $SPX — Key Levels to Watch
-
📍 Resistance: The daily FVG is expected to cap the next bounce.
-
📉 Bearish lean: A potential next wave down.
-
🎯 Trigger: Daily close below 7,702.
-
⚠️ Context: ES has already swept last week’s high, so SPX may not need to revisit that level.
💰 $GOOGL — Short Trade Update: +11.64%
The October 16 setup outlined:
-
✅ B-wave triangle completed
-
✅ ABC move higher confirmed
-
✅ Bearish Daily CISD entry signal
The downside targets were subsequently hit after earnings.
Markets are always moving - and sometimes, the best move is knowing what works for you.
With Treasury yields, oil prices and rate expectations keeping markets on edge this week, investors are once again thinking carefully about where to position next. There’s no one-size-fits-all choice in investing — and the same goes for Tiger Merch. This month’s hot picks are in, featuring the Tiger Toiletry Bag, Universal Travel Adapter, Tiger Umbrella and more favourites chosen by fellow Tigers.
Explore the Monthly Hot Picks in Tiger Coin Mall, now 12% OFF for a limited time.
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.
- CINDYTAN·17:35[Smile]LikeReport