$S&P 500(.SPX)$ | Because $E-mini S&P 500 - main 2603(ESmain)$ has not yet crossed its ATH, price is likely to grind above that level to re-sync the two and complete Wave 5.Once that alignment is achieved, the market appears positioned for a major reversal, with CPI next Tuesday likely acting as the catalyst for Wave 1 down.The pivotal level remains SPX 6816. A daily close below would:- Invert the Daily FVG- Lose the 50-DMA- Break the multi-month trendline-> Triggering a sell signal toward 6720–6550. $SPDR S&P 500 ETF Trust(SPY)$$NASDAQ 100(NDX)$$Invesco QQQ(QQQ)$<
With $E-mini S&P 500 - main 2603(ESmain)$ printing a new all-time high as expected, $S&P 500(.SPX)$ + $ES are back in-sync.However, the new high re-forms the bearish ABC structure for Wave 5, strengthening the case that the larger impulse from the April low is terminating.With CPI next Tuesday, the timing lines up well for a catalyst-driven reversal once this structure completes. ES_F made a new high as projected yesterday ✅It's time.... 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
The events of the last few days have made $KLA-Tencor(KLAC)$ and $Lam Research(LRCX)$ my second and third largest positions. It's my view that semiconductor manufacturing equipment remains ones of the least volatile ways to get exposure to the often highly cylical semiconductor industry.I had some concerns about Atoss, but once I understood the business more I realised that the risks aren’t as material as I first suspected. $Technology One, Ltd.(THNOF)$$Cadence Design(CDNS)$$Visa(V)$$Comfort Systems USA(FIX)$
Index Divergence Signals Potential Market Pullback
The indices continue to diverge.While $Dow Jones(.DJI)$ blasted to a new high, likely completing a final fifth-wave, $S&P 500(.SPX)$ rejected at resistance and $NASDAQ 100(NDX)$ was so weak it couldn’t break the prior day’s high.Watch Level: Short to 6720–6550 triggers on a daily close below SPX 6816 and/or below last week’s low. A daily close below 6816 would confirm the sell signal toward 6550 - a break of Friday’s low likely seals the deal.The larger implication: A loss of 6650 confirms the start of a major Wave 4 correction, with downside scope toward 5500.For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,00
2026 Outlook: The Great ResetKey Takeaways• Equities enter a late-cycle correction phase • Bonds and the dollar strengthen as risk comes off • Crypto faces a deeper deleveraging cycle • Gold consolidates after a multi-year advanceThe table below outlines 2026 downside risk zones and expected year-end closing levels across major assets. 1. $S&P 500(.SPX)$ The S&P500 has marginally exceeded the upper boundary of its multi-year trend channel — a common signature of terminal 5th waves.The Trigger: A reversal back below ~6,650 would confirm a false breakout.The Trade: We are positioning for a higher-degree Wave 4 correction toward 5,500–5,100 (-20–25%), which aligns perfectly with the 200-week MA. 2. $iShar
$NASDAQ 100(NDX)$ has failed to confirm new highs, forming bearish divergences versus both $Dow Jones(.DJI)$ (Dec 10) and $S&P 500(.SPX)$ (Dec 26).The index is now printing higher lows but lower highs, compressing into a bearish triangle.This setup suggests tech is coiling for a sharp downside resolution, with a measured move to 23,500–22,900, aligning with equality of the initial leg down and the 200-DMA.A daily close below 25,165 would confirm the sell signal.If that zone is reached, the probability strongly increases that NDX has already peaked. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlim
$S&P 500(.SPX)$ closed below the prior ATH, inverting the Daily FVG after a bearish SMT vs. $DJI & $NDX — a clear downside warning.That said, it’s a low-volume holiday week with bullish seasonality.Weekly Bias: Neutral/Bearish — expecting chop while price sets the stage for a larger move ahead.Key Levels:• Below 6832 → firmly bearish• Confirm: Daily Close below 6816 Triangle Breakdown ➡️ Target Hit. 📉We identified the triangle completion called for the drop to 6935 - $E-mini S&P 500 - main 2603(ESmain)$ flushed to the lows ticking 6935 🎯We then expected a reversal back to the upper trendline from the lows✅ For SG users only, Welcome to open a CBA today and enjoy access to a trading limit o
$S&P 500(.SPX)$ made new all-time highs, perfectly tagging the W5:W1 Fib ratio — exactly as the alternate bullish path anticipated.However, double SMT divergences are now present, suggesting this rally is marginal with index momentum fading. Key Levels:• First bearish Indication: A close below 6910 signals the immediate trend is weakening. • Confirmation: Bears need a Daily close below 6816.Until 6910 is lost, we may see a drift higher or choppy action due to the shortened holiday week. Once 6816 gives way, we look for a Wave 1 decline. $SPDR S&P 500 ETF Trust(SPY)$$E-mini S&P 500 - main 2603(ESmain)$$NASDA