📈 Long-Term Thinking

Let's zoom out for a minute...

Index Review

To get a full picture of what’s going on in the market, sometimes it is best to zoom out from our intraday charts and take a look at the structure of the market at a higher level.

Yesterday was constructive, as you can see that we recently touched our long-term trendline on the NASDAQ and bounced.

That is exactly what you want to see, but it is something to continue monitoring over the coming days to ensure we hold that trendline.

Zooming in slightly on the 4-hour chart, you can see the wicks touching the trendline and prompt bounce.

You also see that RSI reached an oversold level and is just now starting to curl higher.

Looking even more closely, you can see that we have a positive divergence forming in RSI and that we are crossing the moving average.

This is the most important thing that you can watch right now for the market. The NASDAQ is critical because it has just recently begun outperforming the S&P 500, but we need it to continue in that direction.

I go into much deeper detail on the indexes as well as the stocks I am watching that are completely detached from risk of tariffs/economic policy changes in this video: