I think we're dropping to about 4,100 on the S&P, or 404 on the SPY. I've been hedging with the SQQQ, ( Inverse ETF -3X) so that I have more shorts than longs. I've been doing this over the last 12 -14 days, and it's saved me a lot of money. We have to remember that the increase in the S&P has really only been from 7 big stocks, and all the others are relatively flat, or at quite a loss, so the market doesn't seem to think there's much upside right now.
Thanks Jason, much appreciated. I think a Fib from October 22 to now shows SP500 maybe retracing to 4100-4200. The negativity out of US seems strong. Mid October to late October hopefully bottom. Watching for now.
Agree mostly. IMHO we are in a downtrend in a normal correction, and a bit oversold. Not sure how long this downtrend will last, but feels like too much fear mongering on social media.
Grant, which app are you referring too? Charting or stock scanning? I use TradingView for charts, and TradingBlox for stock scanning. Thanks for tuning in :-)
One of the Jeffries analysts on CNBC said for him higher for longer will make a Q4 uncertain and any progress unlikely. Breached the neckline last night on the S&P, rallied back and then sold of back under it at the close. Doesn't look vey healthy to me, a three handle on the S&P and deep in there before any turn around just seems more rational than a sustained rally, but we all know no one really knows.
Thank you for sharing your knowledge, Jason. I am probably not able to tune in on Fridays' afternoon. But I can replay your videos after finish work. Great explanation as always. Thanks again.
Hey, why do not wait until Friday night for your video, then you have the full picture, what is the reason you made this video before Friday PM USA time?
I do the videos on Friday afternoon in Sydney. Filming and uploading on Saturday morning isn't an option for me. Besides, one day's price action typically doesn't change the possibilities that I discuss. Thanks for tuning in :-)
During the prior scenarios u discussed we’re in the era of qe infinity where cash was bad to hold not now … now cash is king ….more Decline coming the chart showing clear head and shoulder and cracking down the technical has been destroyed … during those sera’s you mentioned the fed were printing cash
What do you think happens when the planned 1-3 more rate hikes by end of the year, which is currently baked in into the market doesn’t come to fruition and the FED stays paused?
If more people believe in a crash, manifestation of expectations would cause it. Think about the Feds stance on expectations of inflation...it will cause more inflation
The russell has just triggered a head & shoulders reversal pattern with an initial expected move down to 1660 but then also lower to around 1250 as its part of a triangle continuation pattern which is part of a larger zig zag down from november 2021
Your first comparison is apples to oranges as the market made a lower high. Big difference and economic indicators and overall fundamental are horrible.
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"Keep a cool head" classic JM comment and why I always tune in to his weekly updates.
It is always good to hear your wisdom, Jason. Because you never act as a wizard. Thank you
I appreciate the caution you inject to your optimism and I value your optimistic POV.
Thanks Jason!
Thanks Jason, another interesting week
Thanks again Jason for keeping us informed 👏👏👏
Thanks Jason - always great info
Thanks Jason for your talk, and for showing how to place the Fib. retracement
Excellent as usual Jason, I am certainly interested in your LIVE FRIDAY afternoon proposal with live questions-answers. Thank you again..... :-)
Thanks Jason. Russell looking ominous at the moment
Thanks for the update
Great analysis again Jason. Thankyou
Thank you. Confidently you wait for things to play out, great to see.
Thanks Jason for the market update.
Excellent longer term analysis. Thanks Jason
Appreciate the video and agree with you on not buying quite yet but being patient.
Thank you!
I think we're dropping to about 4,100 on the S&P, or 404 on the SPY. I've been hedging
with the SQQQ, ( Inverse ETF -3X) so that I have more shorts than longs. I've been doing this
over the last 12 -14 days, and it's saved me a lot of money. We have to remember that the
increase in the S&P has really only been from 7 big stocks, and all the others are relatively
flat, or at quite a loss, so the market doesn't seem to think there's much upside right now.
Really appreciate your expert commentaries jason, thanks!
Thanks Jason for the insights.
Thank you. A Saturday release would be great to include Friday's action in the US.
Always appreciate your technical expertise...Thanks Jason.
Thx JMc
10:00 That's why I'm still being cautious about a potential breakdown. That could be a 3rd wave and the current drop could still be corrective.
Thanks 😊 for your help
Thanks Jason great analysis 👍👌
Very interesting Thanks Jason!
Thanks Jason, much appreciated. I think a Fib from October 22 to now shows SP500 maybe retracing to 4100-4200. The negativity out of US seems strong. Mid October to late October hopefully bottom. Watching for now.
Bottom out mid October
Brilliant ,Thanks Jason .
Thanks Jason
Agree mostly. IMHO we are in a downtrend in a normal correction, and a bit oversold. Not sure how long this downtrend will last, but feels like too much fear mongering on social media.
Agreed. I'm not overly concerned though. Forward PE of the Nasdaq looks cheap. Any correction I'll be buying.
Hello Jason, thanks for the info. What app or program are you using.
Grant, which app are you referring too? Charting or stock scanning? I use TradingView for charts, and TradingBlox for stock scanning. Thanks for tuning in :-)
Love your practical, down to earth approach to analysing the market. I'm a newbie and have lots to learn from you. Thank you so much.
Thanks for the video. The base case is bullish.
Great video!
Love it. Thank you Jason.
Great insights, thank you 😊
S&P 500 lower highs, so agree next level of support would be interesting. Coud the E minis futures be forming head and shoulder pattern
Thanks for your insight and advice Jason. Always appreciate your cautious interpretations.
Thanks mate
Keep up your great work Jason very Much appreciated .
What happens if the May low is used for the Fibs?
One of the Jeffries analysts on CNBC said for him higher for longer will make a Q4 uncertain and any progress unlikely. Breached the neckline last night on the S&P, rallied back and then sold of back under it at the close. Doesn't look vey healthy to me, a three handle on the S&P and deep in there before any turn around just seems more rational than a sustained rally, but we all know no one really knows.
Thank you for sharing your knowledge, Jason. I am probably not able to tune in on Fridays' afternoon. But I can replay your videos after finish work. Great explanation as always. Thanks again.
We’ve basically had 3 red days in a row, but certain stocks are a levels where there isn’t much support, plus it’s September
The weekly looks a little Cup and handleish; I'm bullish. Thanks Jason.
I agree, Tim. The structure of the weekly seems out of sync with the well published reasons for gloom. Time will tell. Thanks for tuning in :-)
Hey, why do not wait until Friday night for your video, then you have the full picture, what is the reason you made this video before Friday PM USA time?
I do the videos on Friday afternoon in Sydney. Filming and uploading on Saturday morning isn't an option for me. Besides, one day's price action typically doesn't change the possibilities that I discuss. Thanks for tuning in :-)
@@MotionTraderunless you factor in Bitcoin, the market is closed anyways 😉
You need to be looking at interest rates to know where the SPX is headed
good stuff. market sucks
S&P is coming back down to around 2700.
During the prior scenarios u discussed we’re in the era of qe infinity where cash was bad to hold not now … now cash is king ….more
Decline coming the chart showing clear head and shoulder and cracking down the technical has been destroyed … during those sera’s you mentioned the fed were printing cash
What do you think happens when the planned 1-3 more rate hikes by end of the year, which is currently baked in into the market doesn’t come to fruition and the FED stays paused?
If more people believe in a crash, manifestation of expectations would cause it. Think about the Feds stance on expectations of inflation...it will cause more inflation
The russell has just triggered a head & shoulders reversal pattern with an initial expected move down to 1660 but then also lower to around 1250 as its part of a triangle continuation pattern which is part of a larger zig zag down from november 2021
Lol, no way it goes that low
@@lobstermania4025 check out tech analysis of triangle patterns & head& shoulders reversals
Still conservatively long too social media has become too noisy
I wish the market would make up its mind, one way or the other!
I say 5300 by the end of this year.
Let's be honest not many people are calling for 07 crash.
Will be worse.
Your overall content sentiment is not indicative of your post title (thumbnail).
Your first comparison is apples to oranges as the market made a lower high. Big difference and economic indicators and overall fundamental are horrible.