$S&P 500(.SPX)$ 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?