Mixed market today profit taking in "safe" sectors: Consumer Staples, Utilities, Real Estate, Materials $SPX $SPY https://t.co/ljd0ghoVk5

NASDAQ 100 Keltner Channel Pinball • Indeed, NDX pulled back from the 50D MA and the middle Keltner Channel. • Both NDX and the NDX/VXN ratio dropped below their respective Keltner Channels. • Normally, they should both bounce now • However, the trend is down; NDX is below the 50D and 100D MAs, and both Keltner channels are trending down. • Accordingly, the NDX may again be stopped by these MAs and the middle Keltner Channel. $NDX $QQQ $NQ

NASDAQ 100 topping pattern worked again $NDX $NQ $QQQ https://t.co/nIxIk6nApz

Breaking: More free cash flow pressure on tech giants due to AI CAPEX Five tech giants have pledged $3T for AI infrastructure, up from $2.4T for four in July. Alphabet leads with $1T, followed by Meta at $800B. Future data-center leases account for $1.3T, some lasting 30 years. Alphabet and Meta are now in negative free cash flow. Gartner warns much of the spending may never pay off.

Stock Market Heatmap at the open Similar as yesterday. Semis/Techs and Magnificent 7 dominate Red. $SPX $SPY $NDX $QQQ $SOX $SMH https://t.co/uXs6I202Od

NASDAQ 100 Keltner Channel pinball continues $NDX rejected at resistance and pulled back to the lower Keltner, as predicted. $NDX / VXN also hit the lower Keltner again. $QQQ $NQ https://t.co/JKGGh625yi

First, disappointing earnings from $GOOGL, then $AMZN. Were you following me in early October when I posted the cycle analysis of Equal-Weight Magnificent 5, the two above plus $AAPL, $NVDA, and $MSFT? Two of the three dominant cycles were pointing down.

S&P 500: Cap-Weighted v Equal-Weight The trend of the last few weeks continues. Equal-Weight outperform the Cap-Weighted index. $SPY $RSP $SPX https://t.co/IyICzporHC

S&P 500 Long-Term Elliott Wave Pattern - SPX is in the ninth inning of a roughly 95-year-long super cycle wave (III). - Wave (IV) could take 10-15 years, and it could revisit the range of the fourth wave of one lesser degree (according to EWT guidelines), which is the cycle degree wave IV. - Wave (IV) will likely be a triangle or a flat correction, but a zigzag can't be precluded. $SPX $SPY $ES

NDX & NDX/VXN, Keltner Channel Pinball This weekend, I called for NDX and NDX/VXN to bounce to at least the middle Keltner Channel. They got there. Now what? Possibly a pullback, followed by another attempt higher. $NDX $VXN $QQQ $NQ https://t.co/Tvg5F9ecut