What John Howell said in this video:
- SPYneutralshort-termThe host sees the S&P 500 in a sideways energy-building phase that will soon produce a very strong move, but he explicitly says he cannot predict whether it breaks up or down.Source
- SPYbearishshort-termThe host lays out a conditional bearish scenario: a break below 7,600 triggers a strong downside move toward roughly 7,300 or lower, followed by a possible slingshot rebound.Source
- QQQbearishshort-termThe host flags the NASDAQ as more bearish than the S&P because it has already printed a false breakout; a breakdown from the current range would bring a pretty strong move lower.Source
- IWMbearishshort-termThe host notes the Russell has made a lower low and says he is not buying the current rally; a rally that fails and rolls back down would be very bearish.Source
- DIAbearishshort-termThe host warns the Dow has rallied and is holding, but a break below the nearby low in the next couple of days would trigger follow-through to the downside and drag the entire market down.Source