What John Howell said in this video:
- SPYneutralshort-termThe host sees the S&P 500 in an energy-building sideways phase that will soon resolve into a strong move, but he explicitly declines to call the direction.Source
- Market Breadthneutralshort-termThe host cites post-election statistics showing markets typically break out upward after elections, hinting at upside from the current consolidation without committing to a direction.Source
- SPYbearishshort-termIf the S&P breaks below 7,600, the host expects a strong downside move toward 7,300 or lower, followed potentially by a slingshot rebound off support.Source
- QQQneutralshort-termThe NASDAQ mirrors the S&P's energy-building range but has already produced a false breakout, making its setup somewhat more bearish; a breakdown would trigger a strong move lower.Source
- IWMbearishshort-termThe Russell 2000 made a lower low and the host is not buying the current rally; a rally that fails and rolls over would be quite bearish.Source
- DIAbearishshort-termThe Dow is rallying and stalling in a pattern the host flags as bearish; a break below the key level in the next couple of days would follow through and drag the whole market down.Source