What TheChartGuys said in this video:
- QQQbearishshort-termThe NASDAQ has seen another leg down since last Tuesday and remains fairly weak, only attempting a daily bounce into EMA 12 resistance.Source
- SOXXbearishshort-termSemiconductors are weak, and because of their heavy weighting they pull the NASDAQ and S&P 500 lower.Source
- Market Breadthneutralshort-termRotation is underway: weak semiconductors drag the cap-weighted indices down even as more individual stocks in smaller sectors rise than fall.Source
- Geopoliticsneutralshort-termNo significant market reaction is expected from tonight's vote counting, as a Democratic sweep is largely priced in and implies policy deadlock, which markets tolerate.Source
- Cryptonegative for stocksshort-termBitcoin is in a 12-hour downtrend with bears in control; breaking 761 starts monthly consolidation, while bulls must hold 76 and break 78.8 to shift the picture.Source
- Cryptonegative for stocksmid-termOn ETH, a weekly lower high is the most likely scenario after the current bounce, given how much room this pullback has created to form one.Source
- Cryptonegative for stocksshort-termZEC's 12-hour equilibrium broke bearish and dropped nearly 7%; the 12-hour downtrend is the control guide, with anything under 1281 just another lower high, and the open question is whether weekly support holds.Source
- Cryptoneutralshort-termHYPE pulled back into the middle of its range; the most likely daily scenario is a higher low versus 78, but the 82 area must hold as support or it is a red flag.Source