$SPX W4 Is Invalidated as the Bounce Sets Up Another Selloff
The short-term count has changed.
The $S&P 500(.SPX)$ W4 setup is now invalid, which makes yesterday’s flush look more like W5.e than the start of a sustained rebound.
From here, I’m watching for the 2nd/B-wave rally to keep pushing higher into the next bearish FVG resistance. 👀
That’s the area where I want to see bearish SMT divergence with $NASDAQ 100(NDX)$ start showing up.
If that signal develops, the plan is simple:
🚨 Let the bounce extend
🎯 Watch the FVG resistance
⚠️ Look for bearish SMT
📉 Then sell the rally
The larger structure hasn’t changed.
The bounce may have more room to run first, but the bigger path still points LOWER. 🔻
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. There’s no one-size-fits-all choice in investing — and the same goes for Tiger Merch. This month’s 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.
