Ep205: September's Worst Week Starts now
Summary
The host analyzes post-triple witching market dynamics, noting that while the S&P 500 hits new highs, broad participation is weak and seasonality suggests a potential downturn. He identifies key resistance levels on the S&P and Russell 2000 where bearish setups may trigger, while also discussing a bullish breakout in Bitcoin. Sentiment indicators show increasing bearish extremes, reinforcing his view that a significant corrective move is likely imminent.
Topics discussed
Market overview: Index highs vs. weak participation
Current price action and conflict with seasonality
Stock Traders Almanac data on post-expiration trends
S&P 500 technical analysis: Channel resistance and tags
Russell 2000 analysis and bearish trigger levels
Bitcoin breakout strategy and range targets
Market sentiment and breadth indicators analysis
Conclusion: Data-driven approach and promotional outro
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