12/3/2025
Monday I suggested the second wave MIGHT be over, it was not. This scenario makes some sense. Third waves are the strongest. The red arrows align with what I label wave 3. RSI andd PMO at bottom were both stronger then than they are now. That would be textbook Elliott Wave.
SPX Sports the Similar pattern
IBM CEO says this kind of AI spending will not pay off
Bank of American has its doubts on AI, lots of debt
$8 T invested requires $800 B to pay interest
The Dot.com and sub-prime manias went further than expected as well. If I am wrong the markets will make a push higher.
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