What HJTrades said in this video:
- QQQbullishshort-termThe host treats Thursday's flush as a capitulation wash-out: daily RSI hit an extreme that marked bottoms six of six times in ten years, so he expects a ~6% bounce into the 200-day moving average within one to two weeks, targeting roughly 687.Source
- Otherpositive for stocksmid-termCiting a 21-of-21 midterm seasonality stat since 1942 with a smallest return of 2.5%, he argues a full-fledged breakdown is extremely unlikely from here.Source
- QQQbearishshort-termIf the bounce rejects at the 200-day moving average, he expects another 5-10% down leg, with a capitulation low between 570 and 590 over the following two to four weeks.Source
- SPYneutralshort-termSPY sits right on its 200-day moving average; the host is unsure whether it holds and only lists key levels above and below.Source
- IWMbearishshort-termIWM failed to reclaim its 200-day and weekly 21 EMA; the last failure led to weeks of further downside, so he would avoid longs until it proves itself.Source
- Othernegative for stocksshort-termAfter a ~70% intraday VIX spike and weekly RSI at 67, a condition that has resolved lower within a week across decades, he expects volatility to cool this week, fueling the index bounce.Source
- AAPLneutralshort-termApple has chopped sideways for six weeks acting as a safety trade, so he is leaving it alone; only above 355.38 would he look for 365-375.Source
- TSLAbearishshort-termTesla's failed breakout back below 200 ruined the chart; he would not touch it until it reclaims the 200-day, and even then it would not be a favorite.Source