For a bounce, I needed to see at least one index hold the November lows while the others broke them.
That's an SMT divergence — it warns that momentum is fading and a reversal is setting up.
Instead, $NASDAQ 100(NDX)$ $S&P 500(.SPX)$ $Dow Jones(.DJI)$ all broke those lows together.
No divergence. No warning sign. FULL SYNC.
When correlated assets move together like this, it confirms the trend — not a reversal.
Bearish until a divergence develops.
🎯 $SUPER MICRO COMPUTER INC(SMCI)$ Short — CLOSED +27.1%
Entered $30.53 on 3/18. Target hit in 2 DAYS.
W5 did the rest. Straight into the 100% extension at $22.15.
📍 Entry: $30.53
🎯 Target: $22.15
✅ Exit: $22.25
2 days. +27%. +$3,415 (+156%) for options players.
This is what Elliott Wave 2.0 looks like when the structure is clean.
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