If $S&P 500(.SPX)$ directly crosses below the 2/4 trendline (~6850), I'll be calling the top. That would confirm completion of the 10-month impulse from the April low, especially when paired with the persistent 3-month bearish divergence in $NASDAQ(.IXIC)$ . Together, those signals would favor a ~20% correction in 2026. SPX has entered top-watch territory. After hitting the 7000 target, price retraced 50%+ of W5 — raising the odds that W5 of Wave 5 is complete and a macro top is in. Confirmation: A break below the 2/4 trendline (~6850). If that cracks, 7002 becomes the ceiling and 6500 comes into play over the next few weeks — potentially kicking off the ~20% correction into 2026. Short-term Invalida
$S&P 500(.SPX)$ has entered top-watch territory. After hitting the 7000 target, price retraced 50%+ of W5 — raising the odds that W5 of Wave 5 is complete and a macro top is in. Confirmation: A break below the 2/4 trendline (~6850). If that cracks, 7002 becomes the ceiling and 6500 comes into play over the next few weeks — potentially kicking off the ~20% correction into 2026. Short-term Invalidation: 7002+ If price maintains momentum and crosses 7002, it would favor that SPX is still unfolding a sub-wave 3, with a Wave 4 pullback likely to fw back toward today’s low. If that dip is bought, it would preserve the rising wedge structure and allow for a final W5 of Wave 5 advance. Invalidation: A break below today’s low.
$S&P 500(.SPX)$ reached the 7000 target projected from the 6800 Weekly FVG ✅ One more push to 7010–7020 is favored to complete w5 of W5 of Wave 5. This may mark the final advance of the rally from April, so cautious on the long side once reached. ⚠️ Daily close below 6933 or a break of the 6895 (W5 50%) warns the macro top is finalized. Weekly outlook playing out. SPX made a new all-time high, confirming W5 of Wave 5. Further upside is favored toward 7000 - 7020 - 7050, with the newly formed Daily FVG acting as support. A Daily close below the FVG (6933) would warn of a pullback toward the 50% retrace of W5. With FOMC tomorrow, if that 50% retrace is crossed, there's risk for a higher-degree reversal.
Apple Nails 5th-Wave Target, Relief Bounce Delivers
Best potential long setups this week: $Netflix(NFLX)$$Apple(AAPL)$$Microsoft(MSFT)$ All three hold 5-wave declines at support. 5-wave moves are followed by retracements. Rotation into these names supports the move higher in $S&P 500(.SPX)$ AAPL (+5.6%✅) and MSFT (+3.8%✅) already delivering. NFLX (-1.7%⏳) holding structure at support. We projected a Apple 5th wave decline to 247-243 That hit 🎯 A relief bounce was there to target the Weekly FVG That hit, too 🎯 For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well
$S&P 500(.SPX)$ should pull back into the Daily FVG (6893–6871) for W2 of W5. If that zone holds, price should rally off it and enter a w3/w4/w5 sequence, targeting 7000, with a measured move toward 7020–7050. A daily close below 6871 would threaten this set up and open risk toward last week’s low (probable invalidation). Count 1 | Diagonal Extension Price rallied sharply off Weekly FVG support (6800–6750) and formed a bullish SMT with $Dow Jones(.DJI)$ . This is a bullish signature that increases the odds of a continued rally toward 7000–7050 for Wave 5. ⚠️ The primary risk is that a new high completes the entire advance from the April low. Invalidations: • Below 6789 (probable) • Below 6750 (hard) C
$SPX: W4 Support Holds, W5 Rally Toward New Highs Begins
$S&P 500(.SPX)$ Once the April trendline broke, I warned that a reversal toward 6800–6750 was favored ✅I also noted this zone as key support, set up to produce a W4 → W5 sequence to new all-time highs 🎯Today’s strong response from that support suggests W4 is likely complete, with W5 now targeting 7020–7075.6800-6750 remains W4 support regardless. While other Elliott Wave analysts were calling for lower lows, we anticipated a rally toward $E-mini S&P 500 - main 2603(ESmain)$ 6900 🎯 That rally materialized ✅, followed by the expected rejection—yet our Discord continued to favor another leg higher, which delivered 🔥 For SG users only, Welcome to open a CBA today and enjoy access to a trading lim
$S&P 500(.SPX)$ declined into the 6800–6750 zone as projected.If this decline is Wave 4, expect an ABC to complete in this area before a final Wave 5 push higher.Failure to stabilize here — a break below 6700 or a weekly close < 6770 — would invalidate the W4/W5 setup and confirm the top is in. $E-mini S&P 500 - main 2603(ESmain)$ Friday's low was the line in the sand -> as below would trigger the larger reversal to the 6800-6750 zone in a sharp decline ✅Intraday, our upside objective was the H4 FVG resistance, which was tapped after outlining the bounce path 🎯 For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on
SPX Pullback Converges on 6800–6750 as Wave 4 Comes Into Focus
With the gap down, directional confluence locks in a move into $S&P 500(.SPX)$ 6800–6750.This area holds Weekly FVG support and could allow a final W4/W5 advance before the major reversal.Though failure below 6700 would invalidate the W4/W5 set up, while a weekly close < 6770 favoring the top.Both scenarios converge on 6800–6750 this week. SPX Count 1 | Diagonal ExtensionThe advance from November likely resolved as a clean 5-wave structure—not the ABC required for a terminal diagonal (3-3-3-3-3).This raises odds the diagonal from April continues.I am looking for a pullback to 6800–6750 to complete Wave 4.From there, the setup targets a final grind toward 7000–7050 for Wave 5.Invalidations: Below 7050 (probable)Below 7000 (hard) SPX Count 2
$NASDAQ 100(NDX)$ NDX continues to fail to confirm new highs made by $S&P 500(.SPX)$$Dow Jones(.DJI)$ , keeping the bearish SMT intact. As long as this persists, the divergence keeps price primed for a sharp downside moveA daily close below 25,164 opens downside toward 24,640, with scope for continuation toward the 200-MA.Alt: This condition may persist into February. If SPX/IWM grind higher, NDX may consolidate rather than break immediately — but resolution still favors a larger move lower toward 23,500 once confirmed. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and