DJI Leads Alone, Warning of Broader Market Pullback

TRIGGER TRADES
12-13 07:47

$Dow Jones(.DJI)$ 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.

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