All major indices have completed clean 5-wave advances
All major indices — $S&P 500(.SPX)$ $NASDAQ 100(NDX)$ $Dow Jones(.DJI)$ $iShares Russell 2000 ETF(IWM)$ — have completed clean 5-wave advances, setting the stage for a higher-degree reversal ⚠️
RSIs are stretched, the Fear & Greed Index is at 75, and seasonality turns decisively bearish into August/September. I’m on high alert at these levels.
A 5–10% correction is on deck, with key FVG supports and the 50–200DMAs likely to get retested.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2509(ESmain)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2509(NQmain)$ $E-mini Dow Jones - main 2509(YMmain)$ $E-mini Russell 2000 - main 2509(RTYmain)$
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