- Bank of America warns of a three-wave summer correction for the S&P 500 — it could dip to about 6,850 (roughly a 6% drop) but the bank still expects a rebound by year‑end.
- Strategists point to technical warning signs: a cooling RSI, a TD Sequential “red 13” exhaustion signal, and an Elliott Wave pattern that looks like a wave‑four pullback.
- Big tech is already cooling off — the Nasdaq 100 is down about 4% this week, with names like Broadcom, Nvidia and Intel seeing notable drops.
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