On May 22, 2026, Sid Norris of Elliott Wave Plus was the  guest panelist and presenter for a Substack Webinar held by long-time money manager and market analyst Tim Fortier.

The chart suggests leadership exhaustion in mega‑cap tech. In Elliott‑wave terms, the setup argues for a retracement back to the wave‑4 extreme, which implies a meaningful pullback in the cap‑weighted S&P.

Over the ten days since, ALL of these forecasts turned out to be right on the money. NFLX almost immediately rallied over 30%, MSFT bottomed and has rallied 7%. Energy continued to rally big. The dollar is up impulsively. It was only today (March 4) that the talking heads on financial propaganda TV started talking seriously about a rotation back into tech

Over the ten days since, ALL of these forecasts turned out to be right on the money. NFLX almost immediately rallied over 30%, MSFT bottomed and has rallied 7%. Energy continued to rally big. The dollar is up impulsively. It was only today (March 4) that the talking heads on financial propaganda TV started talking seriously about a rotation back into tech

Our State of the Markets Quarterly Webinar. Ratio charts, and how they are strongly suggesting which specific sectors will benefit from the current massive market rotations.

The October 2025 Quarterly Premium Plan webinar is now available to everyone! Please watch and subscribe to our content.