What John Howell said in this video:
- QQQbearishshort-termAfter a false upside breakout, the Nasdaq is correcting and the host expects it to keep falling toward the bottom of the range, a 10-15% total correction.Source
- SPYbearishshort-termThe S&P 500 is breaking down and the host expects strong selling over the next couple of weeks, followed by a slingshot move higher off the correction low.Source
- IWMbearishshort-termThe Russell 2000 has already begun its correction; any short-term rally will be short-lived before more selling pressure emerges.Source
- DIAbearishshort-termThe Dow's short-term rally is failing at the 50% Fibonacci level, and the host expects it to roll over into another leg down.Source
- Market Breadthneutralmid-termThe host tells viewers not to panic: the current move is just a short-term correction that will set up a big slingshot rally afterwards.Source