Major Warning Signal? $SPY and $NDX Diverge Sharply From $DJI

TRIGGER TRADES
05-18

$S&P 500(.SPX)$ reached the Wave (3) termination zone.

A higher degree correction is now on the table.

MASSIVE bearish SMT divergence with $DJI — Dow has failed to make a new ATH while $SPDR S&P 500 ETF Trust(SPY)$ and $NASDAQ 100(NDX)$ have left it FAR behind.

15–20% decline potential into the 6,200 level.

Fast followers, not first movers.

Weekly close below 7,272 confirms.

Oil is telling the same story.

$Colgate-Palmolive(CL)$ rallied over 100% (!) in just 3 months.

Now just building energy for the W5 advance.

Oil refusing to decline while SPY ripped 20% is a WARNING.

W4 pullback zone mapped by my indicator.

W5 targets above.

Weekly close below 7,272 on SPX confirms the reversal.

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