The thesis of a top being in for SPX is still valid
S/R Levels For Next Week Are Out
The thesis of a top being in for $S&P 500(.SPX)$ is still valid (See the $DJIA(.DJI)$ , an index without $NVIDIA Corp(NVDA)$ & $GameStop(GME)$ )
This is my golden tool to confirm technical signals, the bullish above / bearish below approach is useful when the levels are set correctly.
This week SPX, DJI, $Tesla Motors(TSLA)$ , $Amazon.com(AMZN)$ and many others broke the central level, showing first signs of turbulence in the market (7 levels are published).
$VanEck Gold Miners ETF(GDX)$ retraced from the first resistance level on Monday, $WTI Crude Oil - Dec 2024(CL2412)$ continues moving down and #Silver suggests a top.
Golden tool published.
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https://x.com/SmartReversals/status/1794118598471876973
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