SPX - A market reset is coming
$S&P 500(.SPX)$ just truncated the 2021–2025 upper trendline with a 5-wave advance — price is overextended, RSI is screaming overbought, and sentiment is deep in greed.
The stage is set.
A market reset is coming.
This likely isn’t the top — I expect the coming correction to be bought, leading to an overshoot of the trendline to trap bulls… then price erases most, if not all, of 2025’s gains.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2509(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2509(NQmain)$ $Dow Jones(.DJI)$ $E-mini Dow Jones - main 2509(YMmain)$
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