I am watching the Mega Caps very very closely right now as they are a gateway into how the market will behave at the 50 WMA.
Right now I am seeing some weakness developing across the Mega Caps but it could very well just be a reaction to the FED announcement tomorrow but I will continue to monitor this closely.
What I am seeing is a corrective bounce....I am struggling to see any impulse wave at all since the April 7th bounce.
A corrective bounce aligns with a Wave B and our charts.
DCG Teeth
2025-05-06 20:15:36 +0000 UTC