$S&P 500(.SPX)$ broke the 2/4 trendline.
The 5-wave advance from April is officially complete
Friday's 78.6% retrace is a textbook wave 2 — and wave 3 down to 6,500 is next.
$Dow Jones(.DJI)$ just made a new ATH without SPX and $E-mini Nasdaq 100 - main 2603(NQmain)$ confirming.
The bear market starts now.
Leaders top first. Leaders bottom first. That's what makes them LEADERS.
$Microsoft(MSFT)$ topped July 2024. SPX topped 7 months later...
THEN IT CRASHED 20%.
Now look at today.
MSFT topped July 2025. SPX topped 6 months later...
Same leader. Same pattern. Same warning.
You think that's a coincidence?
$Gold - main 2604(GCmain)$ down 21%. $Silver - main 2603(SImain)$ down 47%.
BUT Gold just printed a higher low while Silver made a lower low.
That's a bullish divergence.
Multi-week bottom is IN.
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