What John Howell said in this video:
- SPYneutralshort-termThe host sees the S&P 500 in an energy-building phase preceding a strong move, but he explicitly does not know whether it resolves up or down.Source
- SPYbearishshort-termIf the key 7,600 level breaks, the host expects a strong downside move toward 7,300 or lower, possibly followed by a slingshot reversal back up.Source
- QQQbearishshort-termThe Nasdaq has already produced a false breakout, making it more bearish than the S&P; a rollover and breakdown would trigger a downside move.Source
- IWMbearishshort-termAfter making a lower low, the Russell is rallying, but the host is not buying it; a rally that stalls and rolls over would be pretty bearish.Source
- DIAbearishshort-termThe Dow has rallied and is stalling; a break of its low in the next couple of days would trigger follow-through downside and drag the entire market down.Source