Dow Alone at High | SPX & NDX Roll Over, MSFT, AMZN, AMD Slide

TRIGGER TRADES
02-07 16:42

$Dow Jones(.DJI)$ made a new high today.

$NASDAQ 100(NDX)$ and $S&P 500(.SPX)$ didn't.

That's not strength — that's the last domino.

  • NDX topped October 29th

  • SPX topped last week.

  • DJI is completing its final 5th wave.

When the last index tops, they all fall together.

$Microsoft(MSFT)$ TOP CALLED AT $514

I said the 5-wave rally from 2020 was COMPLETE.

Down 24% from my call.

We're almost at the $362–327 targets...

Elliott Wave doesn't care about your feelings.

$Amazon.com(AMZN)$ SHORT CAUGHT

After a bearish 5-wave decline, a CISD triggered and I entered short with members at $238.70.

Within 48 hours, price is DOWN ~15% and trading directly into the target zone.

$Advanced Micro Devices(AMD)$

After AMD failed to make a new all-time high then triggered an iFVG...

I called for a false breakout that should lead to a sharp reversal beginning the next wave down.

$AMD is now down -17% intraday and approaching our minimum target.

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