STOCK MARKET BULLS BUY THE DIP....IS THIS PREMATURE OR TIMED PERFECTLY?

3 years ago
17

In today's stock market brief we use technical analysis to review the financial markets. If you are wondering why the stock market dropped today, it was lead by many sectors, however the banking sector I discuss was hit very hard breakout out of a technical pattern.

For those that watch the stock market brief daily, we knew that there were signals flashing red that the stock market could crash to a lower level. We had the put/call ratio crossing above our level, we had the breakdown of the channel the SP500 was in. Many other tech stocks were also losing market cap and heading lower as well after a huge over extended rally.

Where are we headed next. Today I discuss the break down in the sp500, dow jones, banks, and nasdaq 100 to determine where we might fall next or if the stock market bulls timed this dip perfectly.

FinCEN Article:
https://www.buzzfeednews.com/article/jasonleopold/fincen-files-financial-scandal-criminal-networks

TIMESTAMPS:
Intro: 00:00
Bank Index Analysis: 00:33
SP500 Analysis: 05:17
DOW JONES Analysis: 07:42
NASDAQ 100 Analysis: 09:55
VIX Volatility Index: 11:21
CPC CBOE PUT/CALL RATIO Analysis: 12:55
US Dollar Index Analysis: 16:09
GOLD GLD Analysis: 17:51
SILVER SLR Analysis: 19:21
BITCOIN Analysis: 21:00
Food for Thought: 22:22
COCO Says bye bye: 24:12

MY CURRENT CHARTS (THESE ALWAYS UPDATE):
○ NASDAQ 100 Monthly: http://schrts.co/mSzFHAue
○ NASDAQ 100 Weekly: http://schrts.co/ZambkaKm
○ NASDAQ 100 Daily: http://schrts.co/ByZFaZcu
○ KBW BANK INDEX: http://schrts.co/ycVGHSFN
○ SP500 Monthly: http://schrts.co/tCIUyHqk
○ SP500 Weekly: http://schrts.co/HZYNFShT
○ SP500 Daily: http://schrts.co/sbTMuaEd
○ SP500 30 Minute: http://schrts.co/KuIxIxMT
○ VIX Volatility Index: http://schrts.co/aIGRHAyf
○ VIX Volatility Index: 30 Minute: http://schrts.co/veXJpzUD
○ US Dollar Index Analysis: http://schrts.co/DHMiidyy
○ $NYMO McClellan Oscillator: http://schrts.co/nmcBvjWt
○ $CPC CBOE Options Put/Call Ratio: http://schrts.co/GnMaeeYa
○ GLD Gold Daily: http://schrts.co/pHKNWSGi
○ SLV Silver Daily: http://schrts.co/QAmcbZHS
○ Bitcoin Daily: http://schrts.co/wDNwpNYx
○ Bitcoin Weekly: http://schrts.co/HaynvUxZ

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