Dow Alone at High | SPX & NDX Roll Over, MSFT, AMZN, AMD Slide
$Dow Jones(.DJI)$ made a new high today.
$NASDAQ 100(NDX)$ and $S&P 500(.SPX)$ didn't.
That's not strength — that's the last domino.
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NDX topped October 29th
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SPX topped last week.
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DJI is completing its final 5th wave.
When the last index tops, they all fall together.
$Microsoft(MSFT)$ TOP CALLED AT $514
I said the 5-wave rally from 2020 was COMPLETE.
Down 24% from my call.
We're almost at the $362–327 targets...
Elliott Wave doesn't care about your feelings.
$Amazon.com(AMZN)$ SHORT CAUGHT
After a bearish 5-wave decline, a CISD triggered and I entered short with members at $238.70.
Within 48 hours, price is DOWN ~15% and trading directly into the target zone.
After AMD failed to make a new all-time high then triggered an iFVG...
I called for a false breakout that should lead to a sharp reversal beginning the next wave down.
$AMD is now down -17% intraday and approaching our minimum target.
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