What TheChartGuys said in this video:
- Market Breadthneutralshort-termThe broader market is extremely tricky and uneasy; the host knows who is leading and lagging, but from a bird's-eye view the stock market's direction is uncertain, with semis dumping and Apple at highs.Source
- SPYbullishshort-termThe S&P 500 is holding on extremely well despite semiconductors dumping and may be in a rising wedge; the host is bullish as long as last Thursday's low holds, and will turn more protective if it is lost.Source
- Cryptopositive for stockslong-termBitcoin remains bullish on the weekly uptrend; after breaking the 82,000 support zone, the bear break had no follow-through, which is the best-case response, and a weekly higher low is shaping up with no red flags.Source
- Cryptoneutrallong-termEthereum is weaker; its bounce retracement was less significant than Bitcoin's, the pullback was deeper, and it formed a double bottom, leaving it in a weaker 12-hour tightening range with potential monthly consolidation ahead.Source
- Cryptonegative for stocksmid-termETHBTC broke bear, indicating crypto is dropping and Ethereum is falling harder than Bitcoin; a monthly trend change is required for bulls to regain ground, so bears currently have the edge.Source
- TSLAneutralTesla has a megaphone pattern on the daily time frame, similar to Moderna, which is a structure to be cautious of.Source
- MRNAneutralModerna (MRNA) recently had a megaphone pattern as well, similar to Tesla, warranting caution on no-follow-through moves.Source