SPX is gearing up for a new all time high
$S&P 500(.SPX)$ is gearing up for a new all time high in the form of a 3rd of a 3rd wave, or one more leg down to complete the [W4] triangle.
CPI will act as the catalyst for either, but the bulls have the edge to immediately breakout higher to target 6130.
However, the loss of 6060 will increase odds the triangle is playing out leading to 6000-5975 to be bought for the final [W5] rally.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2503(NQmain)$
Image
Image
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.
