SPX Breaks Highs, Divergence Signals Downside

TRIGGER TRADES
12-09 14:43

$S&P 500(.SPX)$ made a new high above the Nov 12 pivot, but $DJI failed to confirm, locking in a clear bearish SMT divergence.

Today’s flush confirmed that signal and momentum now favors direct downside into the PWL at 6800.

A Daily close below 6715 triggers the sell signal, targeting 6350 for a 3rd-wave flush — my lean.

Yes, the 6800 area could support a marginal new high, but the structure, divergence, and follow-through all point to the 3rd-wave decline already beginning.

Picked apart $E-mini S&P 500 - main 2512(ESmain)$ today. Called the bearish reversal to kick off the week and we’re already halfway to last week’s low.

Also nailed the intraday dump and the bounce into the close.

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  • SuperDuper1
    ·12-09 21:18
    Agree.. abt the SPX .. also Nvidia’s recent underperformance and muted response to Trump’s announcement shows that the mkt is cautious.
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