I am monitoring $NVDA.
Nvidia could be the main leading indicator of a stock market correction in 2025.
Not sure yet but will keep a close eye on this and update everyone daily. Stay careful.
$SPX has confirmed a bullish WXY model to terminate Wave B thus beginning the grand finale - Wave C of [W5] of Wave 5.
Now the 5829 low should not be crossed to now blast to new highs targeting 6200-6320 in 1-2 months.
But make no mistake, once we hit those targets, the party will come to an end, paving the way for the much-anticipated, multi-year bear market.
$SPY $ES_F $NQ_F $NDX $QQQ
$SPX is expected to continue lower to 5805 to terminate the Wave B rally.
Once complete, price would set up for its last leg up - Wave C of [W5] of Wave 5
The ultimate Wave C rally will start the new year off with a bang targeting 5200-5250 only to top out.
$SPY $NDX $NQ_F $ES_F $QQQ
It is favored that $SPX completed the Wave B correction and is in the final Wave C of [W5] of Wave 5 position that should make a new high.
If so, price should find support at 5978-6007 after price completes the current 5-wave impulse to then attack the all time highs.
$SPY $ES_F $NQ_F $NDX $QQQ
$ES crossed 6053 as expected, and now realigns with $SPX with both being the in the modest 3rd wave under Wave C.
Watch for a 4th wave pullback over the next few sessions to 5970-5950 to then be bought for the FINAL 5th of Wave C of [W5] of Wave 5 ultimately to 6080-6100.
With new data, the top looks more likely to occur within the next 1-2 weeks (CPI Dec. 11?). Get ready !
$SPY $ES_F $NQ_F $NDX $QQQ
@HJCharts @TriggerTrades These fools don't understand that you share your ideas for free and everyone is wrong sometimes. Appreciate your contributions!
$SPX has formed a textbook 4th wave setup today.
Additionally, a bearish WXY model was confirmed at the 5908 high, which should complete the 4th wave.
If this set up holds, the 5908 high should not be surpassed, with a target range of 5825-5807 for the 5th wave.
However, caution advised following the decline as we would approach trendline support, where a bounce is likely.
$SPY $ES_F $NQ_F $NDX $QQQ