$SPX: W4 Support Holds, W5 Rally Toward New Highs Begins

TRIGGER TRADES
01-22

$S&P 500(.SPX)$ Once the April trendline broke, I warned that a reversal toward 6800–6750 was favored ✅

I also noted this zone as key support, set up to produce a W4 → W5 sequence to new all-time highs 🎯

Today’s strong response from that support suggests W4 is likely complete, with W5 now targeting 7020–7075.

6800-6750 remains W4 support regardless.

While other Elliott Wave analysts were calling for lower lows, we anticipated a rally toward $E-mini S&P 500 - main 2603(ESmain)$ 6900 🎯

That rally materialized ✅, followed by the expected rejection—yet our Discord continued to favor another leg higher, which delivered 🔥

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