SPX made a new high as expected

TRIGGER TRADES
09-11

$S&P 500(.SPX)$ made a new high as expected and should continue to extend to the 6600-6630 targets for the 5th wave.

There is upside potential to 6800, but momentum needs to pick up to get there with CPI + FOMC as the catalysts.

A correction would be expected to follow if reject hard at 6600 or 6800 since we have a 5-wave sequence from the April lows.

Below 6443 would invalidate this projection.

$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2509(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2509(NQmain)$ $Dow Jones(.DJI)$ $E-mini Dow Jones - main 2509(YMmain)$ $iShares Russell 2000 ETF(IWM)$

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  • Astrid Stephen
    ·09-11
    SPX 5-wave up! Reject at 6600/6800 = ready for pullback!
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  • Athena Spenser
    ·09-11
    SPX new high! 6600-6630 5th wave target.CPI/FOMC to boost!
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