Waste Management Inc

SPY remains structurally bullish across both long- and medium-term horizons, but current extension above the rising EMA cluster and extreme overbought readings suggest immediate entries are unfavorable. We will await a corrective pullback into the rising 9/20/50 EMA support zone for a lower-risk entry in line with the advancing trend.

• ↑Q4 2024 revenue $19.18B up 15% YoY with 30% EBITDA margin.
• ↑2024 free cash flow of $3.27B, $3.8B forecast by 2026.
• ↓P/E of 31.7x and negative earnings yield signal valuation risk.