I called the SPX top around 7.6K. It reversed sharply, then found a bottom as NDX hit 28.6K, where I called for a rebound.

NDX is showing relative weakness this week, led by semis. Bellwether names, sectors, and indices typically lead the market into corrections, the same way they lead the market into bull runs.

I also called the ES bounce from 7.35K to 7.6K. On Thursday, ES came within 6 handles of that target before reversing more than 100 handles lower the same day. 7.61K-7.62K remains the key resistance on the upside, followed by the major ascending resistance line. On the downside, 7.36K remains key support, followed by 7.14K.