Key Takeaways
The S&P 500 remains in a grinding, corrective structure; a 5-wave move down to the 38.2% retracement (green box) is the primary expectation before any meaningful third-wave rally.
MAG 7 stocks (Google, Meta, Nvidia, etc.) are largely holding up the index, but rotation and divergence among individual names is significant.
Google and Nvidia app…
