What John Howell said in this video:
- QQQbearishshort-termThe host sees a false upside breakout on the Nasdaq and expects the correction to continue, totaling roughly 10-15%.Source
- SPYbearishshort-termThe host sees the S&P 500 breaking down, expects strong selling over the next couple of weeks, then a slingshot move up.Source
- IWMbearishshort-termThe host says the Russell has already corrected, and any short-term rally will be short-lived before more selling resumes.Source
- DIAbearishshort-termThe host sees the Dow's short-term rally failing at the 50% Fibonacci level and expects another move to the downside.Source
- Market Breadthneutralshort-termThe host frames the current selloff as just a short-term correction, advising not to panic, with a big slingshot move likely afterward.Source