2d ago
One chart this morning.
Below I updated the Momentum 7 equal weight index which doubled since the highs of February. These are the top performing S&P 500 stocks in 2025 (Robinhood, Palantir, Micron, Seagate, Western Digital, Applovin, Newmont).
What we see is that they peaked at the start of October. Then came wave '1' crash which had the highest Nasdaq down volume in history. Now a three wave correction which did NOT confirm the S&P 500 new high on Friday.
This next leg down will very likely coincide with the end of the month amid unprecedented selling.
This is the perfect wave form for a SUPER CRASH.
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