SPX NDX DJI Topped, SMH Is The Final Trigger

TRIGGER TRADES
03-01 19:58

$S&P 500(.SPX)$ has been going nowhere for months.

That's about to change.

Price is tracing out a bearish B-Wave triangle.

If not already complete, one more bounce into the Daily FVG at 6,883–6,915 and the triangle terminates.

What follows is a sharp C-Wave decline to SPX 6,720-6500.

The longer the congestion, the more violent the resolution.

You've been warned.

$S&P 500(.SPX)$ $NASDAQ 100(NDX)$ $Dow Jones(.DJI)$ have all topped — but where's the drop?

- Look at $VanEck Semiconductor ETF(SMH)$

SMH is the last holdout. A 5-wave diagonal from the April lows is about to complete.

A break below the 2/4 trendline at 398 confirms completion of the 5-wave advance from 2025 — and the broader correction finally begins.

The final chess piece.

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