SPX 50-DMA Break Sets the Clock for a Major Correction
Worth repeating: $S&P 500(.SPX)$ broke its 50-DMA on Nov 17.Historically, streaks like this resolve with a 15–25% drawdown within 6–12 months after the break.The signal is active — the clock has been ticking since mid-November.As I said on NOV10：SPX has held above its 50DMA for 132+ sessions — one of the longest streaks in history.Every prior streak like this ended with a 15–25% drawdown within 6–12 months.That aligns perfectly with my Wave 4 correction roadmap into 2025–26.It hasn’t closed below the 50DMA yet… but when it does⚠️ that’s the sell signal — the start of the higher-degree correction.This chart says it all. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading
$Advanced Micro Devices(AMD)$ is topping out a decade-long advance that is shaping up to be a massive leading diagonal, defined by a rigid 3-3-3-3-3 subdivision.Wave 5 failed to touch the channel top—a bearish truncation—while RSI printed a triple divergence. The momentum required to sustain these levels has evaporated.From here, the probability path favors a break below the 2016–2025 trendline, opening the door for a structural reset toward the 2/4 trendline and Monthly FVG in the 130–100 zone.Invalidation is 319. Until we get that reset, the chart needs to breathe before the next major leg up. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as
META Signals Long-Term Correction After Failed Breakout
$Meta Platforms, Inc.(META)$ has structurally weakened following a rejection at monthly FVG resistance and the confirmation of a bearish Death Cross.This reversal confirms a failed breakout above the long-term historical channel and signals the completion of a mature Wave 3 structure.Technicals now align for a higher-degree Wave 4 correction.We are targeting a retracement to the 470–360 zone over the next 12 to 24 months. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility NowFind o
$S&P 500(.SPX)$ failed to confirm $Dow Jones(.DJI)$ ’s new high, locking in a bearish SMT divergence.The probability has increased that the all-time high will not be exceeded, favoring the start of the next wave down to the 6400–6350 region.An alternate path remains valid, where price tests the 50-DMA and makes one final marginal high during the seasonal “Santa Rally” window before rolling over.However, a daily close below 6715 — the 50-DMA and Daily FVG boundary — would send the sell signal to accelerate toward those downside targets. We sniper-called the SPX low of day immediately following the 5-wave impulse.The roadmap was precise: Anticipate the corrective bounce into the m15 zone, then watch it
DJI Leads Alone, Warning of Broader Market Pullback
$Dow Jones(.DJI)$ is repeating the same isolated blow-off pattern from November — ripping above ATHs while $NASDAQ 100(NDX)$ and $S&P 500(.SPX)$ refuse to confirm.Last time this happened, SPX and NDX dropped 5–7%.Major tops form when leadership fades — not when everything moves together. At the open, our bias was firmly bearish on $E-mini Nasdaq 100 - main 2512(NQmain)$ following a completed 5-wave decline, with the PDL as the primary objective.I noted we likely see an opening bounce into H1 FVG resistance (25621.75–25651) to reject — or a direct extension lower to the PDL.Price followed that roadmap precisely.Thi
SPX Confirms Bearish Reversal After False Breakout
After forming a bearish SMT divergence at all-time highs, $S&P 500(.SPX)$ confirmed weakness by closing below the last bullish delivery candle from the FOMC rally — a bearish CISD.Yesterday’s move now looks like a false breakout, with price producing a bearish 5-wave decline from the high.If this continues, I expect today’s low to get crossed with downside risk extending toward a 50-DMA retest, and confirmation accelerating on a close below 6715 (Daily FVG). This sets the stage for a sharper leg lower into the 6400–6350 zone. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
Today’s $S&P 500(.SPX)$ bounce was nothing more than a corrective 3-wave rally inside a larger 5-wave bearish decline. The structure is primed to drive price straight into last week’s 6800 low/support.With the bearish SMT at the Nov 12 high still firmly intact and intraday structure deteriorating, the bearish setup is not just valid—it’s strengthening.A close below 6715 ignites the downtrend and opens the move into 6400–6350 with high conviction. $SPDR S&P 500 ETF Trust(SPY)$$E-mini S&P 500 - main 2512(ESmain)$$E-mini Nasdaq 100 - main 2512(NQmain)$$NASDAQ 100(N
$S&P 500(.SPX)$ made a new high above the Nov 12 pivot, but $DJI failed to confirm, locking in a clear bearish SMT divergence.Today’s flush confirmed that signal and momentum now favors direct downside into the PWL at 6800.A Daily close below 6715 triggers the sell signal, targeting 6350 for a 3rd-wave flush — my lean.Yes, the 6800 area could support a marginal new high, but the structure, divergence, and follow-through all point to the 3rd-wave decline already beginning. Picked apart $E-mini S&P 500 - main 2512(ESmain)$ today. Called the bearish reversal to kick off the week and we’re already halfway to last week’s low.Also nailed the intraday dump and the bounce into the close. For SG users