S&P 500 vs. Liquidity: Is the NDX Signaling a 20-25% Correction?SPX/WM2NSSPCFD:SPX/FRED:WM2NSBeyondConsensusMarkets don't react to headlines; they anticipate them. Looking at the S&P 500 divided by liquidity on the monthly timeframe, we have pierced above the 2000 Dotcom peak. When trying to determine what happens next, the NASDAQ often acts as a GPS for the S&P 500. The Setup: In Feb 2025, the NASDAQ tested its 2000 top level. It triggered a 25-26% correction back down to test the 55-day EMA (the bull market support band). After retesting that support, it broke out to new all-time highs. If the S&P 500 follows the exact same trajectory as its GPS, we are setting up for a 20-25% correction down toward the 55-day EMA before the broader uptrend resumes. 🎥 Full Video Breakdown: I did a complete 12-minute technical walk-through on moving averages, historical timelines, and liquidity levels here: https://youtu.be/xKt3xaFIG6o?si=095MbIDZKOBN6JXU