What John Howell said in this video:
- Othernegative for stocksshort-termThe host believes markets are on the verge of a big drop, but this is a healthy correction within a bull market, not a major top; after the drop, the uptrend is expected to resume.Source
- DIAbearishshort-termThe Dow Jones had a false breakout and rolled over, making a lower low; the host sees a high probability the rally will be very short-lived before a drop occurs, and is semi-hoping for it.Source
- IWMbearishshort-termThe Russell had a small false breakout above resistance then moved down; the host would not be surprised to see it come back down for another leg down, as a downward trending phase may now be starting.Source
- SPYbearishshort-termThe ES / S&P 500 has seen false breakout galore and is screaming a setup for a huge downside leg; the host expects a 7-10% correction on the S&P 500, a healthy drop before the uptrend resumes.Source
- QQQbearishshort-termThe Nasdaq has seen complete false breakouts and is becoming very weak; the host expects a 10-15% short-term correction before a larger rally resumes.Source
- Othernegative for stocksshort-termGold has continued to be really weak and the host believes it is about to break its current level, leading to a move on the downside.Source
- Othernegative for stocksshort-termSilver is right at support and the host expects a big drop on the downside, with clear downside momentum.Source