What John Howell said in this video:
- SPYbearishshort-termThe S&P 500 is showing a false breakout and failing at resistance, with the weekly candle rejecting the 50% level, which points to a continuation of the sell-off down toward the low 7,000s.Source
- DIAbearishshort-termThe Dow has already corrected and is now making a lower low and potentially a lower high; if it rolls over and continues down next week, a significant further drop is likely.Source
- QQQbearishshort-termThe Nasdaq has confirmed a false breakout; after a strong red candle, the rally to the 50% level was rejected, so short-term momentum is pushing it lower and more weakness is expected.Source
- Othernegative for stocksshort-termGold's long-term chart shows a round top and the sentiment remains extremely hated; the short-term pattern is breaking to new lows, so a big drop and capitulation are still ahead.Source
- Otherpositive for stockslong-termDespite short-term weakness, the host remains long-term bullish on gold and still expects a big move higher, though a break above new highs is not expected until around 2028.Source
- Othernegative for stocksshort-termSilver just broke another new low for the year and remains in a bear trend; the host expects more strong selling and a drop to around the $40 level.Source
- TLTbullishlong-termTLT is bottoming with capitulation; if it rallies and breaks back above the multi-year support lines, the pattern targets a move to $100, marking the start of a new bull market in bonds.Source