RT @TriggerTrades: $SPX should have terminated its 2nd wave at the 6042-6009 support zone to begin its 3rd of a 3rd wave. A break above 60…

$SPX should have terminated its 2nd wave at the 6042-6009 support zone to begin its 3rd of a 3rd wave. A break above 6039 would increase confidence to then target 6130 for the 3rd - ultimately leading to 6200-6250 for the 5th under [W5] of Wave 5. The loss of 5980 would be a strong warning sign the set up will fail. $SPY $ES_F $NDX $NQ_F $QQQ

$SPX confirmed the bullish WXY model favoring the 5923 swing low not being crossed. Therefore, price holds a 2nd/3rd wave set up to take price above the 6128 high with upside potential for 50-100 points more. 2nd/3rd wave pattern is now invalidated below 5923. Tough price action, but continue to look higher before topping. $SPY $ES_F $NQ_F $NDX $QQQ

The $SPX decline looks like a bullish WXY model and remains above the [W2]/[W4] trendline. Therefore, as long as we remain above today's 5923 low, price should begin the 3rd wave rally under [W5] of Wave 5 targeting at least 6128. $SPX did retrace greater than 50% of the January rally, increasing odds that it is complete, but due to the corrective decline, I am leaning bullish. $SPY $ES_F $NQ_F $QQQ $NDX

$SPX bursted higher, but failed to breakout and form a bullish pattern. The structure is now complex - increasing odds this rally is corrective to see downside sub: 5962 to then complete the 2nd wave under [W5] of Wave 5. There is support at 6053-6014 to produce a bounce, but an H4 close below 6014 would favor further downside sub: 5962. $ES_F $NQ_F $NDX $QQQ $SPY

$SPX remains set up for the 3rd of the 3rd wave to target 6180. If so, price should find support at the H4 FVG 6053-6014 to rally higher to that 6180 target, but ultimately 6250 for [W5] of Wave 5. However, an H4 close below 6014 would suggest price targeting the 5962 swing low. $SPY $ES_F $NQ_F $NDX $QQQ

$SPX is now set up for a bullish 3rd of a 3rd wave under [W5] of Wave 5. Price should have terminated its 2nd wave today's 6012 low to target 6120-6180 for the 3rd - ultimately leading to 6250. The H4 FVG at 6053-6014 should continue to act as support, but the loss of 6012 and/or an H4 close below 6014 would reduce confidence. Hard invalidation for a new high is a cross of the [W2/[W4] trendline - currently 5845. $SPY $ES_F $NQ_F $NDX $QQQ

$SPX has favorably terminated the 2nd wave at yesterday's 5962 low to continue to extend for the 3rd wave targeting 6180 - but ultimately 6250 for [W5] of Wave 5. If so, the H4 FVG at 6053-6014 should act as support to extend the [W5] of Wave rally. The loss of 5962 is a warning sign 5950 will crossed, which would reduce confidence in the 3rd wave rally set up. $SPY $ES_F $NQ_F $NDX $QQQ

$SPX declined for the 2nd wave as expected and held above 5950. As long as $SPX remains above that, there is a strong probability a new high will be made targeting 6180 for a 3rd - ultimately leading to 6250 for [W5] of Wave 5. The loss of 5950 would raise concern, but since $ES failed to cross its high, I would still be open to further rally w/ price forming a triangle as the alt. pattern. Hard invalidation for a new high is below the [W2]/[W4] trendline - currently at 5845.

$SPX is strongly favored to be in the 2nd wave position under [W5] of Wave 5. Being that $ES failed to cross its own respective high, odds are high that this next dip gets bought to extend [W5]. If so, price should find support at the lower Daily FVG around 6015 to then extend to the 6250-6375 ultimate targets. The loss of 5950 would reduce confidence/potentially invalidate such.

$SPX is vulnerable to a 2nd wave pullback as 5-waves have been traced out from the 01/13 low. The loss of 6100 is a strong warning the 2nd wave is occurring and if so, price should target the Daily FVG at 6076-6015. That Daily FVG should then act as support to produce a 3/4/5 wave sequence targeting the 6250-6375 [W5] of Wave 5 targets. $SPY $ES_F $NQ_F $NDX $QQQ

$SPX made a new high invalidating the bearish 2nd/3rd wave set up. Therefore, it is favored that we are in the [W5] of Wave 5 rally targeting 6250-6375. Further rally is likely, but expect the new Daily FVG at 6076-6015 to act as support for a 2nd wave under [W5]. This is invalidated below 5935, but since $ES has yet to cross its own respective high (SPX 6150 | ES 6184), $SPX should remain above that until $ES crosses that peak. $SPY $ES_F $NQ_F $QQQ $NDX

$SPX should be close to completing the 2nd wave correction before beginning the powerful 3rd wave decline. The current rally may hold a potential 5-wave impulse up if we decline immediately, but a quick new high to 6030-6050 would turn the rally into a bearish 7-wave price swing. There is a Daily FVG at 5931-5872 that could act as support, but a Daily close below 5872 would strongly favor the 3rd wave decline beginning. $SPY $ES_F $NQ_F $NDX $QQQ

In just 2 minutes, I break down why $SPX is showing major warning signs of a powerful topping pattern — if not just one more leg away from completing the 15-year bull run before the massive bear market hits. Like ❤️ + RT 📲 if you found this insightful! $SPY $ES_F $NQ_F $NDX $QQQ

$SPX should trace out a clear 3-wave move in the 5975-6030 range to terminate the 2nd wave before the powerful 3rd wave decline. We could see a bit more upside, but the 5890-5845 area should act as support for the final leg for the 2nd wave. However, a Daily close below 5872 would be a strong indication the 2nd wave is complete & the 3rd wave decline is beginning. $SPY $ES_F $NQ_F $NDX $QQQ

$SPX is locked in the 2nd wave position, gearing up for a monstrous 3rd wave flush after completing its 15-year top. Be on watch for a pullback to 5890-5845 piercing the CPI gap before terminating the 2nd wave in the 5975-6030 range. If so, price should begin a powerful melt down for the 3rd, setting the stage for the multi-year bear market crash phase. $SPY $ES_F $NQ_F $NDX $QQQ

With the $SPX top now confirmed, we are looking for price to viciously sell all rallies. With CPI tomorrow, the immediate path is in flux, but I'm giving the edge to seeing a 3rd wave decline to 5660 followed by 4th/5th waves of a larger 1st. However, if price were to trade above 5900, we are rallying for a larger 2nd wave to get sold in the 5936-5975 range. Either way, expect to start seeing strong selling! $SPY $ES_F $NQ_F $NDX $QQQ

$SPX TOP CONFIRMED! With the break of the [W2]/[W4] trendline, $SPX has officially topped at the 6099.97 peak, marking the completion of a massive 15-year wave cycle from the 2009 low (!!). The unraveling begins now. Over the next 1-3 years, a 40-60% decline from the peak is anticipated, with every rally met with relentless selling until we reach 3400-2700. This is no ordinary correction—prepare for chaos. $SPX $SPY $ES_F $NQ_F

DO-OR-DIE SPOT FOR $SPX $SPX is just 20 points away from the pivotal [W2]/[W4] trendline, which would signal the top. With that said, my lean remains that the trendline won’t be crossed, leading to one final high, with 5870+ as the first indication and 5915+ confirming such. However, a move just below the trendline, 5808, would confirm the top is in, marking the start of the major bear market decline. $SPY $ES_F $NDX $NQ_F

No change in analysis as $SPX remains in strong position to begin the final 3rd wave rally. Ideally, the 2nd wave completed at today's 5874 low to resume attacking the 6100 all time high for the 3rd. Below 5874 would reduce confidence, but the 2nd/3rd wave is invalidated below 5829 with the new high potential invalidated below 5795 ([W2]/[W4] trendline) $SPY $ES_F $NQ_F $NDX $QQQ