Major Warning Signal? $SPY and $NDX Diverge Sharply From $DJI
$S&P 500(.SPX)$ 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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