Agree, solid sell signals. Will let the charts tell their tale

Yep. You’ve probably heard me talk about how I can often predict the direction a stock is headed following earnings *IF* the technical posture is clearly bullish or clearly bearish. You probably also know my technical read on the big tech co’s as I cover them regularly so that should give you my thoughts as to how it think big tech earnings season will go this quarter. I’ll make a point to cover those stocks in a video soon.

As I’ve recently highlighted in some of the videos over the past couple of weeks, all top 5 $SPX sectors that I was waiting to see break down below my key supports (uptrend lines/wedges and/or price support) all triggered those sell signals & all 5 still remain below their respective breakdown levels keeping those sell signal intact for now, including XLF & XLV.

Anything other than a brief pop into & back below (i.e.- whipsaw) the 433 level on QQQ would be very hard to spin as anything but bullish. It would be incrementally bullish the farther QQQ is able to climb above 433, assuming it even gets there, which I think is unlikely at this time.

Of course, we’ll just have to assess the charts as they develop. As of now, I’ve had most of the check-marks (sell signals) that I was looking for on the major stock indices, top $SPX sectors, and most (about half) of the FKA Mag 7 stocks. Would be a “back up the truck & load up on shorts” moment if & when MSFT, AMZN, & META (the final holdouts) take out my yellow support levels.