/ES just broke down below its 60m bearish rising wedge/uptrend line in pre-market. /NQ & QQQ getting close but not there yet as I type (8:22 am ET). Once those go, that will provide the next objective short entry or add-on to the Q’s & the semis (SOXX & XSD) will likely take out their respective TL’s shortly after, if not around the same time.

AGQ is the 2x long silver ETF. I’ve been consistent & persistance of my longer-term bearish outlook for silver just before & since the parabolic blow-off top. This appears to be a counter-trend rally in silver within the multi-month+ expected big sloppy sideways range that has always followed the initial crash in silver after a parabolic top (covered in several videos shortly before the crash & even again earlier this week.

Right now, I don’t have much of an opinion or read on the very near-term direction of the metals & miners. Better fish to fry elsewhere at this time, but I personally wouldn’t chase this recent counter-trend rally in silver at this point.

No change in the technical posture, nor my outlook for CPB. It was posted as a long entry at 20.58 on April 15th & has traded in a tight sideways range, dancing on that R1 resistance level since, closing at 20.63 yesterday. https://rightsideofthechart.com/cpb-campbells-swing-trade-idea-4-15-26/

I just noticed that ABT closed below the suggested stop of a weekly close below 86 last week, so I’ll update that one & move to the Completed Trades category asap.

As far as what to do if still long ABT, unfortunately, it’s now clearly below that support where I posted the long entry. The stock appears to be in a potential selling climax, although without any decent support nearby, hard to say when that ends. Best to set a tight stop below today’s low shortly after the open (GTC) and let it ride, if still long, IMO.

If it puts in a half-decent or better candlestick reversal pattern soon, I may add it back as another long trade idea, but just can’t make the case to buy or add to it at this time.

buying puts on the AI ETF