Not only was the breakout not euphoric, it happened in overnight futures with a volume of 140k contracts being traded
@htruth1785
2 күн бұрын
2024 has been all about the overnight. From the rallies between Jan to March, to the drop in July/August. For the most part the open hours market action has been stagnant (baring past few weeks following local lows)
@indianajones3315
2 күн бұрын
@@htruth1785While this has left a few daily gaps open (0.05 at 559.40, 0.39 at 539.89), there are none on the weekly.
@shaunjames2221
2 күн бұрын
Short covering
@rola-f6w
Күн бұрын
@@htruth1785 Reversals have been MONEY!
@kkp4297
Күн бұрын
i heard the argument it was short covering, but the market can remain stupid irrational
@MR_Robbers
2 күн бұрын
"Who was leading, who was losing and where was the weight"...hell yeah Brigade! I honestly think the chop is over now. I'm medium long and looking to deepen the longs.
@MR_Robbers
2 күн бұрын
Good call on Industrials. Slower but not a worry in light of Technology.
@Austin-dj9rn
2 күн бұрын
🐐🐐🐐 The GOAT does it again. Another awesome analysis, Matt. Thanks!!!
@johntaylor7172
Күн бұрын
Thanks Matt, Personally I think there are a lot of signs that a Risk Off portfolio is making a lot more sense. The differential between the /ES and the 200 SMA, the SAHM indicator at 0.57, the 0.5% interest rate cut, and choppier conditions all point to a correction. The key questions are when? and with what magnitude? Whoever could predict that accurately would be an extraordinarily successful trader. Thanks again for your top-notch in-depth analysis.
@2023gainer
2 күн бұрын
Another week of September Dip-buying next week..AI and EV sectors for long-term gains. Thumbs Up video/ comments. Thanks
@stevenbecker9988
2 күн бұрын
Thanks Matt.. unfortunately I am starting to think that everything is priced for perfection won't take much to take it down a bunch
@indianajones3315
2 күн бұрын
COST earnings after hours this Thursday. Results might not support a 50x+ fPE, but doubt COST mgmt commentary brings the entire market down cuz its stores and gas lines are still jamming.
@bryanrutherford516
2 күн бұрын
I'm keeping an eye on things for the next few months. Most of the time, a cut comes, and then a recession sets in. Let alone a double cut. It's always possible for a soft landing, and maybe JP has some magic. I'm 60/40 that it will not be soft. It always seems that there is a last hoorah before a crash. I'm expecting a move up for a little longer and switched from leveraged to larger DCA investing. I hope the upcoming 'Black Monday' won't hurt as badly. I watch charts all night as well so I can hedge shorts if needed. I'm convinced it is coming, though.
@danielwestereng155
2 күн бұрын
I like the candlestick breakdown. Keeps the basics in play. Fundamentals.
@thatsmisterdadtoyou
2 күн бұрын
54:52 I'm here for it
@994pt4
2 күн бұрын
FREE FED MONEY IS BACK! My bias is set 😁
@htruth1785
2 күн бұрын
What will be the catalyst for the crash? We’ve had the crash due to unemployment/recession , Japan , war fears all coming at once, then we had the technical pull back. Of course future events can be bearish eg bad data for economy or employment, or war fears etc could reemerge. But on a technical level the subdued end to the week could simply be due to 1) opex 2) market digesting after a big move up, for NDX 19900 would be an almost 1600 move in almost 10 trading days. So likelihood is it’s just consolidation, fill some volume, reset the rsi’s etc. But most of 2024 has been about overnight action moving the market. From Jan to March it was overnight and data bumps up, with little follow through in open market. Then in July/August the biggest drops were overnight
@gog2462
2 күн бұрын
this gap up is rollout....contract changed
@bradnic88802
2 күн бұрын
good one Matt.. Gold and XLU up.. interesting!
@BarefootSailingAdventures
2 күн бұрын
Thank you Matt!!
@Inf
2 күн бұрын
Based Brigadiers homies friendos reporting in! Let's do it up
@mrpickle23
2 күн бұрын
this week we crash UP UP UP baby $$$$
@JimRobitailleMusic
Күн бұрын
Thanks Matt. Keeping an eye on these levels holding moving forward into October.
@Irina-rj6tg
2 күн бұрын
Thanks Matt! Well done. Have a nice Sunday.
@tradinvibes2745
2 күн бұрын
LETS GO BABY!! Thanks Matt!!! Trust the charts🎉🎉🎉
@roscoehughes3880
Күн бұрын
I have learned so much from your market analysis. Than you Matt!
@offline3233
23 сағат бұрын
Hi Matt what is the difference between floor trader and portfolio? I am thinking about joining your channel but need to know what are the benefits of each of these plans. Thanks
@kkp4297
Күн бұрын
the consensus is SPY 600 end of year. Just buy long dated call spreads and hold.
@billmurphy5894
2 күн бұрын
Mathew, thank you, great show and insight! Loved! My brain is going a million mph, my mouth is not...not true, excellent presentation,
@randrew777
Күн бұрын
Why are we looking for giant -- giganic -- candles in the chart relative to what's been happening so far?
@joshhamilton2840
Күн бұрын
Thank you for the weekly updates!
@bigspark6587
2 күн бұрын
💫MY BROTHERS AND SISTAS! Let US ALL Reflect and Read Sum SCRIPTURE! This time from the GREAT BOOK of ESZ24 VERSES 5749.25 - 5751.75 "Those WHO WALK with the BRIGADE Grows With the BRIGADE, A Companion of FOOLS Shall Suffer MARGIN CALLS. BLESSED are the PATIENT ONES, for they SHALL Inherit Thy GAINS" Can I Geta AMEN!!💫
@iSPY_Lunar
2 күн бұрын
Amen 🙏🏻👍🏻
@AndrewHuicochea
Күн бұрын
I noticed that my nq/ and es/ price levels slightly different than yours? Is there a way to change/fix it??
@mm-bf5js
2 күн бұрын
Great trading insight and love the stock suggestions
@crowneagle2
Күн бұрын
Tops can be complicated.
@GigglingBear1887
2 күн бұрын
Thanks for the update
@rxlxviii
2 күн бұрын
I think no recession. Why? Because I think business activity has been slowing because people no that at least 75 basis point cut in rates is coming. So why finance new projects with a 75 basis points in higher costs? Now that the Fed has cut 50 basis points, it will convince some to start those projects instead of delaying them further. if they didn't cut 50 basis points, it would have been most likely that these projects would have stayed on hold until December. However, all this new business activity may bring inflation back, spooking the markets that no more rate cuts are coming.
@roberthutcheson6543
Күн бұрын
Great commentary, thanks Matt!
@LongTu167
2 күн бұрын
Many thanks Matt for sharing!!!
@YoooJames
2 күн бұрын
Let’s go Matt perfect timing
@BigDog-sp9hg
2 күн бұрын
52nd viewer ... woo hoo! Thanks Matt for the excellent TA and entertainment. 😊
@2311USMC
Күн бұрын
Thank you! ❤
@rickshipley7232
2 күн бұрын
Thanks Matt
@PonziZombieKiller
2 күн бұрын
This is all more intervention. Over a decade of subsided B.S.
@Tothemoonalice373
2 күн бұрын
Appreciate all your efforts
@ChrisSoto-tn6tr
2 күн бұрын
How about $PLTR?
@rola-f6w
Күн бұрын
thanks.
@irishjoecrypto8961
2 күн бұрын
Great TA, ty.
@mrpickle23
2 күн бұрын
I love ZERO risk free money $$$ buying SPX $$$$
@MinWu-wm6we
2 күн бұрын
Utilities are rallying because of AI demand so it is not a defensive indication
@Raikomartinez
2 күн бұрын
Nice Matt thank you 🫡
@WillFred-g7g
2 күн бұрын
The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenback. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...
@maaibrahim
2 күн бұрын
No downside, this market is up all year
@BigDog-sp9hg
2 күн бұрын
😂😂😂
@hustlemoney505
2 күн бұрын
🤡🤡
@thecoolperson2967
2 күн бұрын
perma bull mentality 🗣️🗣️🗣️🗣️🗣️🗣️🗣️🗣️🗣️
@PonziZombieKiller
2 күн бұрын
Sidized pool of debt. Watching the bus drive off the cliff..
@PonziZombieKiller
2 күн бұрын
Floor it Jerome... lol Evel is dead.
@johnnyotc8470
2 күн бұрын
for SPY my current read is I think the current high will remain as is and we will start to slowly down trend all the way to about 453 …
@dpdrocks9847
2 күн бұрын
453? Please explain how you think it will drop over 100$🤣
@johnnyotc8470
2 күн бұрын
@@dpdrocks9847 too much to write ….ive done the analysis 3 different times …10!different ways … much easier to explain via phone vs. text …
@iSPY_Lunar
2 күн бұрын
Now THAT is going out on a limb!!! PZK & Ponzi, would be proud😂🤣👏🏻
@johnnyotc8470
2 күн бұрын
@@iSPY_Lunar lol…no Ponzi here …but when i’m right …you’ll think …who the hell was that guy …how did he know…lol
@iSPY_Lunar
2 күн бұрын
@@johnnyotc8470Care to venture or share a timeframe? So we can all get a Lambo!!! 🎉😂🏎️
@jgzbaby777
2 күн бұрын
ES 6k
@JHossATX
Күн бұрын
here comes the dip week..just have to inverse the thumbnail.
@TheStonerStocksSyndicate
Күн бұрын
copy that
@shark6192
2 күн бұрын
Excellent video 588
@TruthSerum123x
2 күн бұрын
30% down from here is my prediction.
@JeremySwany
2 күн бұрын
I'm thinking 20%!
@skunkape5918
2 күн бұрын
What if Costco beats and raises?
@JeremySwany
2 күн бұрын
@@skunkape5918 Costco will never go down 😎😎😎
@jimhestermanphotography
2 күн бұрын
You get that from price?
@dpdrocks9847
2 күн бұрын
How did you come up with this?
@ChatGPT4AI
2 күн бұрын
This bubble will burst soon
@indianajones3315
2 күн бұрын
What bubble?
@jgzbaby777
2 күн бұрын
Sounds like you are bearish. Time to go long
@ST-ko9oi
2 күн бұрын
Does this channel always predicting crashes and bear markets ?
@CGtrades
Күн бұрын
It’s funny I’m reading this comment as he says “I’m not calling for this to send markets back down to $500, but is it a reasonable place for the market to pull back a bit?” So wtf are you talking about? Should the market go straight up? Lmfao
@ST-ko9oi
Күн бұрын
@@CGtrades the fact is that we 'll Never know when it comes
@dpdrocks9847
12 сағат бұрын
Yep he is extremely bearish all the time.
@mikethestockimpaler3049
2 күн бұрын
👍
@mrdev5281
2 күн бұрын
Dont overuse the Blue- SKIES phrase it sounds stupid especially with Double Monthly Dojis for the SPX and if not for the FOMC this week .. it may not have looked that good at this time but the Months not over is it?
@paulbodder3354
2 күн бұрын
👍👍
@kelz_kustomz
2 күн бұрын
🙏🏼🐐
@Kevin-pk7cm
2 күн бұрын
Keep being bearish hoping for a crash for the past 4 weeks as the market keeps hitting ATHs. When everyone is bearish, THEY do the exact opposite. Hope people who listen to these bears, didn’t lose their shirts in the past 4 weeks.
@mrdev5281
2 күн бұрын
Why dont you show your unemployment Chart. Id say any seasoned CMT would have his own going back atleast 20yrs.Without a chart you are guessing and giving me an weak opinion out of context.
@jerrylim2282
2 күн бұрын
We will be in that box within the range because we still have uncertainty in the election. There is no justification to go higher unless job report is fantastic.
@jgzbaby777
2 күн бұрын
The market will prove you wrong
@midwestcannabis
2 күн бұрын
🥳🥳🥳✌️✌️✌️🙏
@charlesg7937
2 күн бұрын
Too many "If's" just say, I don't know what will happen. A two minute video is all that is required.
@AuralDeviation
2 күн бұрын
NOBODY knows what is going to happen. If that’s what you’re expecting you’re always going to be disappointed and shouldnt even bother watching technical analysis videos.
@JeremySwany
2 күн бұрын
Silly comment, no-one knows what will happen ^
@RufusKing-tm4em
2 күн бұрын
You are awarded the worst comment award. Congratulations!
@jimhestermanphotography
2 күн бұрын
Not how trading works. It’s all about if this then that. If we break out and confirm off of previous resistance, go long. If we fail support and test previous support and fail go short or don’t do anything depending on how you like to trade. Next important factor is what are the levels. That’s what these videos are about.
Пікірлер: 143