Transcript of Wall Street Squeeze Big Tech...
FX Evolution - Trading Academy
0:00a new all-time high. And this is in0:02light of a really bad breadth in0:04markets. As usual, tech tends to save0:07the day when it comes to the US market.0:09And as certain NASDAQ indices hit0:11all-time highs, transportations continue0:14to show signs of weakness. So, is the0:16economy or the stock market correct with0:19diesel prices hitting 630 on average in0:21the US? Well, one thing's for sure,0:24there are plenty of markets to take a0:25look at. And even Bitcoin went0:28absolutely bonkers, leading into one of0:30the biggest short squeezes we've ever0:32seen, and a whole bunch of people,0:34particularly one person, having a very0:37bad day. Let's unpack together right now0:39whether you like stocks, commodities, or0:41cryptos, what just happened in markets,0:43and how we can better understand them0:45together. I'll see you very soon. I'm0:47pretty excited for this one.0:52Well, welcome back to one of the largest0:54daily shows on the planet when it comes0:56to markets that we all love together.0:58It's great to have you here and today we1:00need to talk about some monsters when it1:02comes to, of course, technology.1:04Something we started to see happening1:05underneath the hood and just goes to1:08show why it's so important to understand1:10Wall Street's secret moves. Last week,1:13we saw the second largest transaction1:15ever recorded in a cluster on the S&P.1:17Well, it turns out it was likely a buy1:19based on the price action we saw over1:21the last 24 hours. But is everything so1:24good or is there still a concern, guys?1:27We'll take a look at that later today's1:29video. Hi, my name's Thomas. I've been1:30in markets for over 17 years. It's great1:32to have you here and I'm really excited1:34for this one, guys, because we just1:36witnessed history once again, depending1:38on which NASDAQ composite you're looking1:39at. But, was this already shown in Wall1:43Street's movements? If you joined us for1:45either our macro show over on our1:47channel fxevolution.com1:49and of course our market masters1:51community or you even viewed live into1:53the Monday session, we spoke about the1:56hidden movements into technology and we1:58saw big inflows according to the latest2:01reports from Bloomberg and others last2:02week which actually then started to show2:05only a couple of monthto-ate sectors up.2:09Well, fast forward like this 24 hours2:11later and all of a sudden semiconductors2:13is the best performer up 7% with2:16technology stocks up 3.74 and2:19communications up 2.4%. Every other2:22major sector, yep, you guessed it,2:24monthto date actually down. So, is this2:27a surprise? Well, yes and no. In some2:29ways, it takes time for markets to2:32rally, but a lot of people have been, of2:34course, focused on the breadth. And we2:36talked about that, and I'll show you2:37actually one of the breadth reads a2:39little bit later on today's video. That2:41kind of was getting too oversold. So,2:43the real question is now, will we be2:45heading into volatility into the time of2:48year you usually see it? That October2:50month, the month before the midterm2:52elections is the one that most people2:54are watching. But then again, everybody2:56knows this in 2026. So, this will be2:59such an important month. Will the3:01seasonality and the volatility come in3:03or is it going to be a weird year like3:05we've seen in the past and 2026 continue3:08to drive forward based on debt and of3:11course refinancing. Here was the last 243:13hours. It was pretty much tech across3:15the board that was doing well. And what3:17we also saw was this chart here from3:19Duality Research, which was that staples3:22and e equal weighted staples continued3:25to fall off. What's that telling us,3:27guys? It's telling us that it's a risk3:29on market at this stage. And really all3:31of this flipped the switch last week on3:34the interest rate decision and it3:36becomes more clear when we start to look3:39at some of the reads that we had.3:40Remember on the channel we do things a3:42little bit differently. We look at the3:43price action, we look at the data and we3:45look at the flows and we started to see3:47some signs of a wall of worry that could3:51be squeezed through similar to kind of3:52what happened on crypto. And actually3:54that went bonkers over the last 24 hours3:56as well. Let's look why. Well, I think3:59this chart really demonstrates it pretty4:01closely. 32 straight weeks. This is now4:04how long the bearish sentiment has been4:07above its historical average. So this is4:09the double AI sentiment surveys, people4:12were negative. But we didn't really know4:14how negative people were into the4:15interest rate decision until we saw the4:17results. 53.3% of respondents said4:20bearish. Almost 20% said neutral. and4:23there weren't that many bulls out there.4:25When that happens and you get a big4:26spike in price action, plus a couple of4:29large dark pulls, plus the fabled weekly4:32220 moving average, well, if you've been4:34watching the channel for a long time,4:35you'll know that we love that particular4:37thing. And of course, the wick there4:39showed that there was some strength. It4:41also happened in flows as well. But here4:43is a great chart from Duality Research4:45that goes back through takes a look at4:47the historical periods here and of4:49course shows you that when we have4:51bearish sentiment that bad that is4:53everyone's kind of going the opposite4:55direction going for the short side. We4:58often get these usual heavy dips. This5:01time around though we were just down a5:03little bit. Yet still less than 20% of5:07stocks were trading above their 205:09moving averages. The only good news for5:11the market is it was the percentage of5:14stocks. Guess what? It is of course5:16frontloaded by tech. And which stocks5:19were trading above and doing a little5:20bit better? The mag 7 of course. And we5:23already started to see this with a5:24couple of the reads uh that we always5:26look at the relative performance of5:29these stocks versus the other stocks.5:31Another thing that happened last week or5:33actually really at the end of last week5:34into that mass options expiration was we5:37saw the second largest cluster trade5:39ever on the spy. Now if you know5:41anything about ETFs then you'll know the5:43spy is like the granddaddy. This one is5:45the one. You know everyone looks at it.5:47Everybody learns about it when you first5:49get into trading and investing. And5:51therefore a big trade on this well we're5:53going to be paying some attention. We've5:54seen a number one over the last 125:56months as well which is what a time to5:58be alive guys. This is wild market6:01action. There's so much money going in6:03and it just happens like this. It is6:04like this right now. Which you might6:06think makes it harder or crazier, but6:08actually it's a beautiful thing. The6:11amount of information that you can get6:13now about markets and if you can cut6:14through cleanly, understand it a bit6:16better. Something we try to do here on6:18the channel, then it really does help6:20out. Let's have a look at the second6:22look at the second biggest transaction.6:23Since this happened, of course, the6:25markets have now rallied to even above6:28this, making a new high. And we already6:31started to see some wick rejections off6:33the allimp important weekly 20 moving6:35average. And more importantly, yes, you6:37guessed it, the options levels, guys,6:39the put walls, the 700 on the Q's and6:42the 7500 on the S&P. Now, why is this6:45happening? Well, I think Callum Thomas6:47of Topown Charts, shout out to Callum.6:49Great stuff. You should give him a6:50follow for sure. basically brings it6:52down here to something we've been6:54talking about for a while. Now, he also6:56brings into the fact that it's not just6:58tech in terms of the capex boom. But7:00what is going on right now? We see it in7:03price action with the doctor. That is7:05Dr. Copper. What did it do? It looked a7:08little weak there. We got that interest7:09rate decision. Boom. Copper's going off7:11into the sun as well. This shows us GDP7:14growth driven by capex spend, which7:18basically means growth in the, you know,7:20stock market. Anyway, they all get7:22excited and it does mean that you have7:24to kind of eliminate some of the bias7:27from your mind because of course we have7:28a K-shaped economy. 10% of people are7:30doing pretty well plus some businesses.7:32Everybody else not so well. And that's7:35why you've got to keep an eye on7:36consumer discretionary. You've got to7:38keep an eye on some of the problems. You7:39checked a McDonald's chart, a Nike chart7:41recently. Horrible, horrible, disgusting7:44dominoes in the ground. And you might7:46say, well, that's because everyone's7:47going for artal, like some form of pizza7:50that looks like, you know, it came out7:51of one of those uh paintings from the7:531700s. But the those great banquetss,7:57but at the same time, this is the market7:59we're we're living in right now. The8:01economy and the stock market are very8:02different. Either way, as long as8:04spending kind of continues and that kind8:06of big hamster wheel continues in AI,8:09it's very difficult for a market to8:11actually go down. Here's a stat though8:13that I think is absolutely mindblowing8:15here, which is that if you took8:17Anthropic, you took Open AAI coin to8:19reports here and SpaceX's market8:22capitalization IPOs if they came in,8:24they would equal like 45 years or8:26something like that of all of the IPOs8:28ever to come in the US market.8:31Just let that sink in. That is a nut8:33number. So if things go bad and we see8:36these capex start to turn around,8:39eg over here guys, yeah, we could be in8:42some problems. So remember at the moment8:45what's happening, Callum kind of puts it8:47this way. We're still seeing expansion8:49of debt, expansion of growth. We're also8:52seeing the debt markets absorb all of8:54this debt. We actually had a report8:56coming out that a couple of major places8:59are still going for more money. In fact,9:02we saw that I think it was9:05which one here? Uh yeah, it was9:08basically coming in here that there is9:11going to be another 11 billion kind of9:14junk bond from SoftBank at 9 to 109:17reportedly 9 to 10% yields. That's a9:20massive one. And of course, we also saw9:22OpenAI's own projections reportedly9:25showing that $278 billion of negative9:28free cash flow between 2026 and 20309:32despite revenue potentially growing from9:34the 36 billion it currently is at to 3509:38billion by 2030. So, these companies are9:40going to be burning a lot and eventually9:42the market will say, "Well, where's the9:44cash? Could that be 2027?" That the9:46questions actually asked. Now, here's an9:48odd stat for you. And finally, it comes9:50from at oddstats over on X. Shout out to9:53him. I won't read you what he said the9:55first line because I probably get9:57probably get hit by one of those uh10:01content bots on YouTube. But in general,10:03here is the interesting stat. We were up10:06heavy. I mean, we look at this market.10:07Look at these big big big move here on10:10the Q's. But the interesting thing about10:12it was that we also saw the VIX up as10:15well. And when this happens, the VIX for10:17the Q's, it actually doesn't tend to10:19have a good two week and one month read.10:23So you might think, well, the markets10:24are at all-time highs for certain10:27NASDAQs, depending on which composite10:28you're looking at, but at the same time,10:30is that really a bullish thing? It's10:32only one read. It is an odd stat, but I10:34thought I'd bring it to you anyway, so10:35you can see kind of both sides. Give10:37them a follow if you're interested.10:38Let's take a look here at Bitcoin ETF10:40flows. Now, we've been discussing this10:43one and what an educational chart it's10:45been. It's been such a great kind of10:47breakdown of what we talk about here on10:49the channel and the fact that, you know,10:51I don't care about the news narratives.10:52I'm not really too fussed on what10:54everybody else thinks. What's the price10:56doing, guys? Does it trap retail10:59investors and traders? And do we then11:01get a nice almighty squeeze? What11:04Bitcoin and crypto is known for? Well,11:06we've been talking about it for a while.11:08We saw that big rally the other day.11:10Then of course we saw a market that did11:11this and then boom goes the dynamite and11:15it started rallying through and11:16hopefully you weren't on the wrong side11:17of that because of course flows are11:19coming in and you can see here 21st of11:22September look at the positive flows11:25coming through and it's not just been11:26there really if you look at the last11:28kind of maybe 2 weeks to month of11:31Bitcoin flows it's actually been net11:33pretty strong and what this is telling11:35us is that at least on one level people11:38are getting excited about crypto again.11:40Why? Who knows? Doesn't matter. You11:43know, the main thing is you could claim11:44it's the the cycle period. You could11:46claim it's just, you know, changes in11:50legislation and thought process. You11:52could say it's even risk on across the11:54NASDAQ and therefore the Bitcoin kind of11:56link with that. But the other thing11:58that's happened is of course we've also12:00started to trade again to this weekly 5012:03moving average. Now, if we manage to get12:05through this, it's pretty monumental12:07kind of point here for Bitcoin. You can12:09see blue curticing market insights over12:11on X. And why is this important? Well,12:13when we take the 50 weekly and we've12:16been underneath it for a while, it can12:18be a pretty big point. I mean, you can12:20see here back in 2023 when this12:22happened, the market ended up being on a12:24bit of a bull run. We've been underneath12:26for quite some time. So, it's a very12:28important point for markets. And we do12:30love a good 2050 and 200 moving average.12:33Here are the stats surrounding it. Not12:35many big data reads, but the good thing12:37is that we saw flows up. I'm going to12:39read you a number here which is probably12:41going to blow your mind as well.12:43According to the reports, and of course12:44this could be out a little bit here, but12:47reportedly more than $74612:52million of leverage crypto positions12:54were liquidated over the last 24 hours.12:57And according to the report, 648 million13:01came from shorts. So of course, these13:03are fixed liquidations. There were a13:05couple of big ones there. That's why13:07markets move quickly. And in 2026,13:10they're certainly doing so. So you may13:11say, well, how is this even possible in13:14a market where we've got runaway13:15inflation, we've got the Fed kind of13:17going, you know, well, we might need to13:19do three rate hikes now, and you've got13:21all these other issues. Remember, if13:23it's in the press, it's in the price.13:24You've got to kind of think about it as13:26oil rallied weeks ago. If you've been13:29watching the channel, we didn't start13:31talking about oil two weeks ago, did we?13:32We spoke about it months ago as a new13:35rally. Why price started doing it. And13:38it's not our opinion. It's not your13:39opinions. It's not anyone's opinion13:40really. It's what the money is doing.13:43And this chart here from Zura Capital13:45and Tavy Costa, I keep coming back to it13:47because it kind of shows here that13:49commodities are still running off and13:51that means we may not be restrictive13:53enough when it comes to the overall13:56monetary policy. So this could be13:58putting pressure on the markets as well,14:00remember in the future. So if you're14:01feeling bearish, if you're feeling a14:02little scared, you know, there's some14:04charts that I think we need to watch.14:05First up, why should we not be watching14:07home constructions? What's going on14:09with, you know, 30 gig yields? They're14:11really high. Are we starting to see a14:13stagnation in the property market in14:15general around the world? You know, my14:17answer would probably be yes, we are.14:19Does it seem to be affecting bonds yet?14:21No. And that's why we often say if it's14:24not hitting bonds, which we have a read14:26for, so we'll talk about soon, then14:28we're not really too concerned, are we?14:30Let's take a look here at the volume14:31leaders. And of course, the number one14:34transaction came in for home builders14:36just the other day. Another one that's14:37interesting is the crossorrelation14:40on oil. So, of course, oil hit14:42resistance, hit resistance, hit14:44resistance on multiple different pairs.14:47And that just happened to be when we saw14:49crescendo in news, specifically a14:51crescendo in everybody talking about how14:54many barrels offline. The market's not14:56dumb. It was already ahead of this.14:57That's why we saw a massive increase14:59coming into it. So, the real question15:02will be, is this this thing? Remember,15:04we're kind of tracking 1978 right now to15:0779 in 2026. So, is this some kind of15:10like weird false high that's being made15:12and the market's actually going to dip15:14into October? Of course, you don't know15:16that. That's like, you know, the bar15:18that that's the getting the sphere out15:20and having a look at it. But certainly,15:22it just goes to show time and time again15:24that most people get on the wrong side15:26of things. We talked about these put15:28levels. We talked about this weekly 2015:30moving average last week. We saw it get15:32nailed. That is, it hit that level. And15:35just as we saw the new Fed chair mention15:37a few things. What what happened? It15:39went off in the opposite direction15:40leaving people scratching their heads.15:42And the the issue is not that we're in15:44an inflationary period. Yes, we are. The15:46issue is not that people are struggling.15:48We know they are and you guys are seeing15:50it. I know you're seeing it. But15:51remember, the economy and the stock15:52market are different things. Eventually,15:54someone has to pay the piper. But it's15:56when. Okay? And that's really, really15:58important. If you're interested in15:59finding out a little bit more about what16:00we do over at FX Evolution, one chart,16:02one story, one market lesson, completely16:04free. Sign up to the newsletter in this16:06links in the description down below. Be16:08great to have you on board. We share16:09some excellent info there that you don't16:11see in these videos, but I think you'll16:13be really interested. Specifically, some16:15of the lessons I've learned over that16:16last 17 years. All right, let's take a16:18look at breadth. This is the one that16:20everyone's bringing up. And breadth is a16:22really important factor. We we we16:23rabbited on about breadth really for a16:26month and a half. Why' we do that?16:28because we were seeing a weakness in16:29markets. And guess what? There were only16:31a couple of sectors that did okay. Oil,16:34certain metals, healthcare, bio, that's16:38pretty much it. There wasn't much doing16:39well. Everything else was down. But just16:41over the last couple of sessions, we've16:43seen a resurgence in tech. And you'll16:46notice here that we hit that kind of16:47allimportant 15 level. That is less than16:5015% of stocks were above their 20-day16:52moving average. And then all of a16:54sudden, it starts to rally. What tends16:55to rally first? Well, it's usually those16:57weird tech stocks, you know,16:59particularly different tech stocks tend17:01to rally. And Magnificent 7 was there.17:04XLK, you'll see them in a moment. Did we17:06see a bonds market freakout yet? No,17:09we're not seeing, of course, Bofer here.17:11High yield index option adjusted spreads17:14going up. Well, that's a good sign, I17:16guess, for markets. And the VIX itself17:18stayed underneath 15. So, effectively,17:20there's not much volatility here in the17:23general S&P VIX. Of course, the Q VIX17:26did spike a little bit as markets went17:28up. So, we saw that weird odd stat,17:31which is obviously uh worthwhile, you17:33know, thinking about as well. Let's have17:34a look here at the Korean markets. So,17:36of course, semiconductors, hardware17:38stocks improving last 24 hours. This one17:40came to resistance, but the real story17:42was XLK new break close high here.17:46Obviously, not all-time high. And the17:49magnificent 7 all-time highs. Look at17:52that thing. Absolutely flying. And this17:54is where that cross analysis that we17:57learn to do that we want to do because17:58we want to put ourselves in that18:00institutional mindset. You know, the18:02institutional mindset really matters18:04here in markets. Take a look at that18:05ratio. It's hit a little bit into the18:07resistance, but it's broken and closed18:09above the overall downward trend line.18:13And that happened last week. You know,18:14this is not a new thing. If you've been18:16watching markets, it's actually been18:18happening underneath the hood, but most18:20people don't see it. And remember, we've18:22been talking about tech, but we just18:24left it on the on the back burner18:25because it was kangaroo. And then all of18:27a sudden, things started to come in18:29place. Remember that semiconductor code18:30that got a massive transaction on it?18:33Someone always seems to know. Now, what18:35about the composite? Well, look, breadth18:37is still bad. So, of course, the18:38advanced decline is still kind of, you18:41know, hovering down here, but it's a18:43story to watch. We'll have to keep18:45seeing how things play out. and home18:47construction in terms of the boogeyman18:49or the bogeyman or however you say it.18:51This particular thing we're watching,18:53you know, what's happening with home18:54construction? What's happening in the18:56auto loans? You know, is there a18:58problem? We're going to recognize it19:00probably in price first before it19:02becomes a story line. At the moment, we19:04haven't seen those levels breaking or19:06the bonds. The good news story for the19:08GDP crowd and therefore the strength of19:11the overall market crowd is the capex19:13spend and of course Dr. copper. It19:16recovered beautifully off that weekly 2019:19and it's going on to try to make19:21all-time highs. While it's doing its19:23thing, it's very difficult for the19:25market to actually get collapsed upon.19:27So remember, they don't call it the19:29doctor for no reason. Let's have a look19:31at gold. Well, gold's a currency, so19:33it's not going to do as well as Dr.19:34Copper, but you know, came back to that19:36little trend line level and it's19:38sitting. I'd say it's pretty neutral19:39right now. Of course, I like the fact19:41that it held that secret demand though19:44on the left hand side. So, we'll see how19:46that goes. Silver, meanwhile, just kind19:48of consolidating underneath the previous19:50resistance. So, looks okay on the19:53charts, but of course, copper and some19:55of the other metals were standout. The19:57bad news has been oil. And this is where19:59that crossorrelation comes into it. It's20:02not so much that oil, we don't expect it20:04to potentially spike back up. It's just20:06that oil frontr runs the news. And it20:09always has and it always tends to be.20:11And that's why a lot of the time, unless20:13it's something that's absolutely out of20:15left field, it tends to already price it20:18in. You might think, "Oh, how can oil be20:19going down?" Well, it's because back20:22literally just the middle of August, we20:23were here and we went up 36% on oil20:26contracts. So, US oil, UK oil, both hit20:29technical resistances. Is it over for20:31oil? Well, at the moment, what are you20:34doing? You're looking for signs of some20:37form of bid. That is where is the market20:40going to find structure. Do I think it's20:42over? Do I think oil is going to keep20:44spiking up? Look, my personal opinion20:46might be that I think it will in the20:47future, but when is the question. UK20:50oil, look at that key resistance slammed20:53into it. It's pulled back. It's actually20:54at the daily 20 at this point. And of20:57course, quick crack check here. You can20:59see that diesel is still very high. So,21:01it's not like the diesel price. Remember21:04the paper contracts of oil are a little21:07bit different, but overall quite21:08expensive. And of course, if you see21:10here, one of the viewers, you'll know21:12who you are, bought me this code and21:14said, "Tom, you got to look at this21:15code." And I, you know, I don't21:16disagree. We look at lots of different21:17codes. Of course, we also looked at how21:19the diesel price into the ports itself,21:22but 630 seems to be the average cost.21:25And when you think about where it came21:27from, wow, that's a huge difference21:29particularly on where we were just in21:312025. So this is real really going to21:34break a lot of people unfortunately.21:36It's still a huge concern. It's just21:39that it has to be, you know, when will21:41this actually start to hit the economy.21:43You got to be watching for that type of21:44thing. Now you might think this is a21:45bunch of squiggly lines but I left it21:48here from the previous session and of21:50course talking live about it onto the21:52Monday open just to discuss you know the21:54importance of the put support. So the21:56700 level and therefore also the 72022:00into 730 break close because what this22:03is doing is it's putting a positive22:05gamma squeeze on the markets. Now will22:08markets have to rally up? Look, nothing22:10has to happen, but at this stage, you22:12know, the markets are in positive gamma.22:15So that means that they're above the22:16calls, and this can force dealers to22:18have to hedge out, which can create, of22:20course, further strength. So, it just22:22goes to show the importance of the22:23options market plus price plus data plus22:26everything else. You know, you want to22:27be looking at all of it together. When22:29we're looking at the S&P, that was a22:30strong close as well. 775022:33kind of split through here. That's not22:36exactly what you would call weak. And if22:38you look at the futures market, you can22:40see I drew this pseudo uh little pin bar22:43just to show you how the pin bar looks.22:44There's the weekly 20 there. And really,22:47the market started to turn itself as it22:50got through this downward trend line.22:52And as it closed here, and you might not22:54have known yet. I mean, you could have22:55just been like weekly 20, I I buy a22:57quarter of my position or something. You22:59know, that that could have been your23:00strategy. And then as it goes through23:02other levels, you say yes, yes, yes,23:04fantastic. Things are improving. But23:06look at the the movement here. There's23:08it's actually a market of abundance. You23:10know, there is abundance here. And the23:12best thing about the S&P and the US23:14market in general is sometimes just like23:17we saw over the last 3 months, it wasn't23:19about tech. Tech was on the back burner.23:22It got crashed and and and destroyed.23:24And now from that, certain companies are23:27doing better and not the general whole23:29broad base. And what that means is that23:31the market's being more selective. Look,23:33we've got to watch bonds. It's bonds,23:35bonds, bonds, IPOs, IPOs, IPOs, and23:37earnings, earnings, earnings. If that23:39resonates with you, make sure to stick23:40around the channel because we'll be23:42doing so much work on it. Let's have a23:44look here at IBIT. Yeah, look at that.23:46Wow. Boom.23:48I got to say, let's do it.23:53That's right, guys. Now, I don't It23:55doesn't matter whether you were on it,23:56not on it, doesn't really matter. The23:57point is is that it's such a lesson of24:01pits. That is what we always talk about.24:04a pull back in time, the strength of a24:06trend coming into it, the overall story24:09line. You know, there's some stuff in24:11here that's in our day trading master24:13class, in our advanced class. I talk24:14about all the time over at24:15fxevolution.com if you want to speed up24:17your, you know, thousands of hours.24:20Otherwise, you'd probably have to put24:21into charts so you can speed it up. But24:22look at this positive gamma. Current24:24call resistance on iBit is 50. Let's24:27have a look at the actual Bitcoin chart24:29itself. This thing was the absolute24:32quintessential trap from the street. And24:34you know that because in some ways the24:37market then squeezed out a bunch of24:39shorts. Now, will it continue to go up?24:41We talked about this in the last kind of24:44live show. You know, could it be that it24:46goes to like a 92 to 96 level? There's a24:50lot of transactions that go through kind24:52of this zone into this zone here. So,24:54it's such an important zone. It's kind24:56of in the middle of nowhere at this24:57stage. Could it pull back a bit? have a24:59relax. Sure. Then will it rally? You25:02know, maybe it'll do something like25:03that. Of course, there is always that25:05chance as well. But, uh, yeah, for now,25:07I've got to say it's been kind of25:09exactly what I would expect a technical25:11trap to do. So, interesting times for25:14the week ahead. We still have more news.25:16Of course, we have uh what's going on25:18with the US and Z and uh we'll see how25:21that one moves. And there is so much25:23more in the markets. I'm sure there'll25:25be something totally different next 2425:27hours. The key though was that there was25:29an underpinning of tech. We saw that in25:32rotation and we often say rotation,25:35rotation, rotation. What Wall Street's25:36doing with the money, they you can smell25:39it out. And Woff came up with this. You25:41know, he was the man. So really, when25:43you think about it, you know, we walk25:45sometimes on the shoulders of greatness.25:47And in this case, I think uh damn, I25:50would like to shake that guy's hand. All25:52right. Thank you so much, guys. You have25:54a fantastic day. One chart, one story,25:55one market lesson. and sign up. Free25:57newsletter links in description below.25:59Have a great day. I'll see you later.26:00Bye for now.
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