SPX has reached the lower end of its 6380–6420 target zone
$S&P 500(.SPX)$ has reached the lower end of its 6380–6420 target zone ✅, raising the risk that the 5th wave may be complete.
However, with major catalysts on deck next week (FOMC, NFP), price could still push toward the upper end at 6420 before reversing.
A Daily close below 6268 would confirm a short signal — aligning with overbought conditions (RSI stretched, Fear & Greed at 75) — and likely trigger a 5–10% pullback.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2509(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2509(NQmain)$ $Dow Jones(.DJI)$ $E-mini Dow Jones - main 2509(YMmain)$
Image
Image
📊 Asset: NQ_F
🌊 Framework: EW w4/w5 set up
📍 Entry: M15 FVG
✅ Confluence: W4 Retracements
🎯 Target: w3 High, Equal Highs
High-probability setup executed cleanly — but NQ_F truncated the high while NDX pushed through, resulting in a profitable +9 stop-out.
Image
For whom haven't open CBA can know more from below:
🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!
Find out more here：
Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
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.
