SPX teetering on edge. Watch out below!

Welcome to "Trading The Close," the show that gives you a daily dose of technical analysis on the stock market's major movers.

Today, we're focusing on a critical leading indicator for the broader market: the crypto space. The recent significant drops in altcoins are not just isolated events—they are a major warning sign that risk appetite is drying up. This downside momentum is now spilling over into the stock market.
The S&P 500 ($SPX) just touched a key support trendline—a "line in the sand" that, if broken, could lead to a significant technical correction. Are we about to fall off the cliff?

In this episode, we will provide a deep technical breakdown of these key markets and tickers:

SPX: Analyzing the "line in the sand" trendline and what to watch for next.
QQQ & SMH: The outlook for tech and semiconductors as risk-on assets.
IWM & DJI: How small caps and the Dow are holding up in this environment.
Bitcoin ($BTCUSD) & Ethereum ($ETHUSD) & XRP ($XRPUSD): Is the crypto market a true leading indicator for stocks? We'll analyze their charts to find out.
Gold & Silver: Are precious metals confirming the risk-off narrative?
US Oil & Natural Gas: A technical look at the energy markets.
KMX & ORCL: A detailed technical analysis of two major individual stocks.

Disclaimer: This show is for educational and entertainment purposes only. The information provided is not financial advice. Always do your own research and consult with a professional financial advisor before making any investment decisions.

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Right at the close of the market, Drew will:
- Review the day's winners and losers
- Analyze the latest news and events
- Offer their expert opinions on the market's direction

Subscribe to Trading the Close today and never miss an episode!

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