What John Howell said in this video:
- SPYneutralshort-termThe S&P 500 is holding at support; the host expects a roll-over toward a lower level then a rebound, but refuses to be short given the strong trending environment.Source
- IWMbearishshort-termThe Russell 2000 rally looks like a lower high forming before a potentially big downside drop; the host is not buying the bounce.Source
- QQQbearishshort-termThe Nasdaq made a false breakout to the upside and reversed; the host repeatedly states he sees prices breaking down from here rather than breaking up.Source
- DIAbearishshort-termThe Dow is holding at the 50% Fibonacci level in a do-or-die spot; a roll-over here would print a lower high and lead to more downside.Source