What John Howell said in this video:
- Market Breadthpositive for stockslong-termThe host frames the decline as a healthy correction within a big bull market, not the top; he is not short and expects another strong move to the upside afterward.Source
- DIAbearishshort-termThe host argues the Dow led the market down from August, its upside breakout failed, and the weekly chart now shows a possible head-and-shoulders formation.Source
- IWMbearishshort-termThe host sees a double top on the Russell weekly chart, a breakdown, and a rally that rolled over before even reaching the 50% Fibonacci retracement, suggesting another move down.Source
- QQQbearishshort-termThe host expects the Nasdaq correction to extend from roughly 10% down to about a 15% drawdown level before forming a higher low.Source
- SPYbearishshort-termThe host notes the S&P 500 made a false breakout followed by a quick reversal, and expects a pullback toward a 7% to possibly 10% correction level.Source