$S&P 500(.SPX)$ and $NASDAQ 100(NDX)$ now hold a bearish SMT divergence at the Nov 12 high — the same level where $Dow Jones(.DJI)$ peaked. At the same time, both NDX and DJI are rejecting from Daily FVG resistance, adding confluence for a potential reversal.Even with price hovering near new highs, my lean remains that we see a pullback into the Dec 10 FOMC.For confirmation, SPX still needs a daily close below 6812 to validate the bearish divergence, while a close below 6715 triggers the full sell signal. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as we
As anticipated, $S&P 500(.SPX)$ just confirmed that the rally off the Nov 21 low was corrective, unfolding as a clear ABC advance.Price now carries a potential 5-down, 3-up bearish structure — implying the top may already be in.But confirmation still matters: a daily close below 6812 is the first bearish shift, while a close below 6715 activates the full sell trigger.Confidence in the bear case holds as long as today’s 6866 high is not exceeded. A move above that level would increase odds that price trades directly into a new high first. $SPDR S&P 500 ETF Trust(SPY)$$E-mini S&P 500 - main 2512(ESmain)$$E
$iShares 20+ Year Treasury Bond ETF(TLT)$ at record short interest.Treasuries are setting up for a SHORT SQUEEZE into 2026 — right as as equities line up for a 25% drawdown.Bonds UP. Stocks DOWN. As I said NOV that:5-wave decline 2020 →2023 for Wave A done✅ Wave B rally to 96-108 locked (RSI div + Golden Cross) Wave C Decline to 63 (Aligns with $SPX blow-off phase)Risk-off rotation already live → 2025-26 correction confirmed. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed usi
Major Indices Keep Topping in the Same Nov–Feb Window
For the past 5 years, $S&P 500(.SPX)$$NASDAQ 100(NDX)$$Dow Jones(.DJI)$ have all topped inside the same Nov–Feb window.Here’s how each cycle lined up:- Dec 2019–Feb 2020- Nov 2021–Jan 2022- Dec 2024–Feb 2025- Dec 2025–Feb 2026 (projected repetition)Despite all the talk about the “Santa Rally,” this period has repeatedly marked cycle exhaustion, not acceleration.Whether the final high was Oct 29 or still forms in December, it falls inside this same topping window.We are in that window now. For SG users only, welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stock
AMZN Rejection Signals a Major Top: Bearish FVG Now Targeting 220–215
$Amazon.com(AMZN)$ has been playing out exactly as projected.We nailed the downside continuation after the top — and then caught the bullish reversal right at our target support zone, setting up this corrective rally.AMZN closed right at the MomentumThreshold (MT) of the ralky from the Oct. 17low at 235, while also breaking back below theprior all-time high with momentum. That combination strongly favors that AMZN has already topped, completing a bearish diagonal and beginning a higher-degree correction.The newly formed bearish Daily FVG at238,73-243,75 should now act as over headresistance, guiding price lower toward the O/Btrendline and Monthly FvG support at 220-215.The 258,60 peak is expected to stand as the major high for the months ahead wit
$S&P 500(.SPX)$ just reached the major resistance cluster at the Daily FVG and 61.8–78.6% retrace zone - this zone is where the Wave 2/B-Wave rally likely completes.Given the shortened holiday week, there is risk the next pullback is only a B/X-Wave to see one more drive into the upper 78.6% retracement -> before the new downtrend resumes. Bottom line: This Daily FVG zone should reject price for the next leg down — whether immediately or after a brief B/X-Wave detour SPX closed just under the bearish Daily FVG — the resistance zone where a reversal should form if another leg down is coming. I'm leaning this is a massive bull trap, but $SPX needs to close below the new bullish FVG at 6715 to send the bearish warning.A Daily close above 6830
From 2015-2025, only 166 companies in the S&P 500 $S&P 500(.SPX)$ grew their share price by more than 13% per year (beating the index). Only 15 companies grew by more than 30% per year.Only 6 companies grew by more than 40% per year.Only $NVIDIA(NVDA)$ grew by more than 70% per year.What's the lesson here? The perfect company exists at the intersection of high growth and predictable growth. Here’s my mental model: For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.Complete your first Cash Boost Account trade with a trade amount of ≥ SGD 500
$S&P 500(.SPX)$ has reached the major confluence at 6,550 where the Weekly FVG and multi-year trendline meet - the key downside objective I’ve been tracking for the past several weeks. A clean 5-wave decline into this zone suggests a corrective rebound before the next leg lower.A 50-61.8% retrace into 6,720–6,770 is the expectation, with the upper bound aligning with the bearish Daily FVG. Next downside objectives are 6,344 and then the 200DMA / prior ATH near 6,150.As long as price stays below 6,920, the higher-degree Wave 4 correction toward 5,500–5,100 remains the dominant outlook. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, a
BTC has been the leading indicator for every major S&P 500 $S&P 500(.SPX)$ peak going back to 2017.Across cycles, Bitcoin has consistently topped 6–8 weeks before the S&P 500:• 2017 → 2018• 2021 → 2022• 2025 → 2025• 2025 → 2025 (projected repetition)With BTC already down ~30% from its Oct 6 peak, the lead–lag structure looks like it may be repeating again.SPX closed back above 6,585, reclaiming the multi-year trendline and avoiding a breakdown / false breakout.Bulls bought themselves more time — but this level won’t hold forever.Clock’s ticking. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs.
$S&P 500(.SPX)$ delivered the relief bounce right on cue. ✅I’m looking for this to evolve into a clean ABC corrective push toward the 50% retracement at 6720 before the next leg lower.The bullish SMT with $Dow Jones(.DJI)$ at the Oct 10 low, combined with the confirmed 5-wave decline, adds conviction to this near-term rebound setup. Now that a new trend has begun (topped at 6925), the wave patterns are much cleaner 🌊We nailed the BOTTOM earlier (+138)📈 Then we nailed the TOP of the rally (-63) 📉Join the fun SPX slipped under the 2022–2025 trendline support today.If the bulls want to keep this from turning into a false breakout, they need a close back above 6,585 tomorrow.An overshoot in one direction
From the Weekly Projections: I noted that $Amazon.com(AMZN)$ had already TOPPED at 258.60, and the next downside magnet was the 220–215 Monthly FVG.AMZN then flushed to 218 — nearly a 7% drop — following the projection step for step.This is the power of Elliott Wave 2.0. $S&P 500(.SPX)$ Bulls fumbled.If we bounce, don’t get sucked into the hopium — it’s not the start of a new impulse.It’s a phony B-Wave / bearish 2nd wave before the next leg lower.For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.Complete your first Cash Boost Account trade wi
$S&P 500(.SPX)$ looks close to completing a 5-down from the peak, which would set up a corrective rally retracing 38.2–50% of the decline.A bit more downside is likely, but we are at the major Weekly FVG support (6550).However, given today’s violent flush, there’s elevated risk this is actually a 3rd-wave decline targeting 6430 before a W4 → W5 sequence develops, which is invalidated above the 50% retrace of today’s drop (currently 6652).Reclaiming that would confirm the 5-down signaling a modest corrective rally before lower. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.Complete
$S&P 500(.SPX)$ I projected a corrective w4 rally into the 38.2% retrace — and price rejected it perfectly. ✅That rejection strongly suggests the w4 high is now in, with SPX set to resolve lower into the w5 flush, targeting the 6550🎯 major supportInvalidation levels:• Soft stop: Today’s high at 6690• Hard stop: A break above 6723 Members were told ahead of time that price would form a corrective rally — and specifically a choppy one — targeting the $E-mini S&P 500 - main 2512(ESmain)$ 6710 zone 🎯We nailed both the direction, price AND the behavior of the wave ✅Once that target was hit to the tick 📍, I flipped to a bearish bias, which led directly into a 50-point drop 💰Precision matters 👇 For S
SMH Flashes First Major Weekly Reversal Since April
After tagging both the upper boundary of the multi-year channel and the golden fib extension, $VanEck Semiconductor ETF(SMH)$ inverted its Weekly FVG — something it hasn't done once since the April lows With the April rally’s channel now broken and a clean 5-wave advance fully developed, the evidence points one way: the risk of a completed top is extremely high.My lean: the peak is set, with the broader structure pointing toward 240–215 to cross the multi-year lower channel. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.Complete your first Cash Boost Account trade with a trade amount of
$S&P 500(.SPX)$ reached our 6610-6580 target zone for the 3rd wave ✅I’m now anticipating a choppy 4th-wave correction toward the 38.2% retrace at 6685, but below the 3rd-wave MT at 6672 (void).If the 38.2% is reached, expect a 5th-wave decline to major support at 6550 🎯If price trades directly lower, the 3rd wave is simply extending toward that support zone.Bias → Short-term bullish (corrective rally) above today’s 6575 low. $SPDR S&P 500 ETF Trust(SPY)$$E-mini S&P 500 - main 2512(ESmain)$$NASDAQ 100(NDX)$$E-mini Nasdaq 100 - main 2512(NQmain)$
SPX Bulls Must Break 6722/6830 to Keep 7000 Path Alive
For $S&P 500(.SPX)$ bulls only 👀…While I still strongly lean that the top is already in, this is the final stand for the bullish alternate if they want that shiny, rounded 7000 print.Price just hit equality of the first leg down (W=Y) and tapped the multi-year upper trendline—the same structural support preventing a full multi-month breakdown.Bulls must achieve the following:• Cross above 6722 (MT of the B-wave)• Close above 6830 (bearish Daily FVG)Fail to do so, and the bullish path is effectively gone. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.Complete your first Cash Boost A