$SPX IS SETTING UP FOR A MASS DUMP
Everyone is waiting for the next ATH. That's exactly the trap
Price is still inside the rising channel, and I think Wave 5 is still ahead
My roadmap:
7,500 dip → 8,000 final blow-off top → 7,230 → weak bounce (bear flag) → 6,320
Why I'm watching 8,000:
→ Breadth keeps narrowing
→ Momentum is fading
→ AI mega-caps are carrying the whole index
→ Valuations near historic extremes
The channel's upper line meets 8,000 around early November
That's where euphoria could peak. Retail buys the last green candle
Smart money sells into it
After the top, 7,230 (June low) is the first stop
Then a relief rally into a rising flag, the second trap for bulls
Lose it and the road to 6,320 (April low) opens
Not saying I know the exact top. But the risk/reward up here is ugly
Turn on notifications. I'll update the roadmap as it plays out
$SPX
Everyone is waiting for the next ATH. That's exactly the trap
Price is still inside the rising channel, and I think Wave 5 is still ahead
My roadmap:
7,500 dip → 8,000 final blow-off top → 7,230 → weak bounce (bear flag) → 6,320
Why I'm watching 8,000:
→ Breadth keeps narrowing
→ Momentum is fading
→ AI mega-caps are carrying the whole index
→ Valuations near historic extremes
The channel's upper line meets 8,000 around early November
That's where euphoria could peak. Retail buys the last green candle
Smart money sells into it
After the top, 7,230 (June low) is the first stop
Then a relief rally into a rising flag, the second trap for bulls
Lose it and the road to 6,320 (April low) opens
Not saying I know the exact top. But the risk/reward up here is ugly
Turn on notifications. I'll update the roadmap as it plays out
$SPX