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We are now sitting in one of the most dangerous setups I’ve seen on the S&P 500 (SPY) in a long time. Price just pushed up into what I’ve been calling the “danger zone” — a massive confluence of resistance that could dictate whether this market keeps running or breaks down hard. ![]() It’s not just resistance. It’s not just a Fibonacci retracement. It’s not just a prior high. It’s all of it. That’s why this level matters. The July High Meets the 61.8% Here’s what’s wild — the 61.8% Fibonacci retracement level from the recent move down is now sitting right at the July 2023 high. That’s been a critical level for months. On the way down, it was support. Now on the way up, it’s resistance. It also lines up with the same target zone I mapped out way back last summer — before we even knew what news would hit. The fact that price is now hitting that exact spot gives me even more confidence this is a real inflection point. If we push through and confirm strength, we could open the door to new highs into the fall. But if we reject off this zone, things could get ugly fast. We could be staring at a three-wave rally setting up for a bigger crash pattern. Why This Setup Matters Right Now The bigger concern here isn’t just a short-term pullback. If the market stalls out and we start a five-wave decline, that would be a huge warning sign that the top is in — not just for the quarter, but potentially for the year. Right now, it’s all about how the S&P 500 behaves in this danger zone. It doesn’t have to fall apart immediately — it could chop sideways for a bit. But if we start seeing aggressive downside from here, the risk of a major liquidation event skyrockets. This is a true pivot point. It’s rare to see all the technicals line up this perfectly. Stay sharp — the next few days could tell us everything about where we’re headed for the rest of 2025. Jeffry Turnmire Jeffry Turnmire Trading Follow along and join the conversation for real-time analysis, trade ideas, market insights and more! Telegram: https://t.me/+6TdDE7-F6GlhMmJh Important Note: No one from The TradingPub team or any of its associated brands will ever contact you directly on Telegram. *This is for informational and educational purposes only. There is an inherent risk in trading, so trade at your own risk. This Setup Handed Lance a 96% Win Rate in a Terrible Market About $11 trillion has been lost over the last 10 weeks… Yet Lance Ippolito was able to nail a 96% win rate on a daily setup for 4PM Payouts. ![]() Today’s Daily Chart Setup: Madrigal Pharmaceuticals (MDGL) By Jeffry Turnmire ![]() This idea came directly from my Daily Chart Setup that automatically signals potential plays.
See the secret behind these signals here! This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. Always remember that past performance is not indicative of future results. ![]() Want to get a link to TradingPub content, trade ideas, real-time market analysis and educational tidbits? We have you covered! Telegram is an entirely free messaging app and getting access is as easy as 1… 2… 3… 1. Download Telegram on your mobile device (Before you can add Telegram to your desktop computer, you must download the application on your phone and create your account: To download to your iPhone, click here. To download to your Android device, click here. After the download is complete, please create an account. NOTE: You can manage your privacy settings by clicking “Settings,” and then “Privacy & Security.” 2. Download Telegram on your desktop: Once you’ve downloaded Telegram onto your mobile device and created your personal account, you can download it onto your desktop computer. To download onto your PC, click here. To download onto your MacOS, click here. 3. Then add our channels by clicking these links!
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