$SPX Relief Rally vs. $ES Bottom Call
Hi Tigers! ๐ฏ
๐ $S&P 500(.SPX)$ โ Relief Rally Underway
Five waves down from the October high appear complete, setting the stage for a relief bounce. I'm watching daily resistance levels for signs of the rally stalling.
My view: this bounce gets sold, and the October lows remain the downside magnet. โ ๏ธ
๐ $E-mini S&P 500 - main 2612(ESmain)$ โ Bottom Called Live
At 10:12 AM, bullish divergence appeared alongside a trigger signal at the low. The target was clear: equal highs at 7,752.
Price ripped straight to the target. ๐ฏ
๐ Two charts, two different setups: The $ES trade showed how divergence and a clear trigger can identify a short-term opportunity. But for $SPX, I'm treating the rally as a potential countertrend bounce until resistance proves otherwise.
Trade the setup, manage the risk, and let price confirm the next move. ๐ฏ
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. Thereโs no one-size-fits-all choice in investing โ and the same goes for Tiger Merch. This monthโs 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.
