nice:)

Yes, KRE (regional banks) have also broken down

My intermediate (weeks) and longer-term (months+) outlook hasn’t changed & remains bearish, still favoring the long-term swing/trend targets I first shared on the QQQ, SPY, & NVDA weekly charts back in late June.

What I posted earlier today as well as in this video was a very short-term outlook where the market was likely to mount a relatively small but tradable (for active traders) short-term bounce. I also highlighted those potential bounce targets (for active traders opting to game them via a long position) as objective levels for swing traders looking to add to, add back (if recently covering), or initiate a new short position on a bounce(s) up to those resistance levels.

I also wanted to highlight that fact that while I suspect the direction of the market will be down following the remaining economic releases & AVGO earnings report this week, of course that can go the other way & as such, traders should be cognizant of those potential market-moving reports & position (or hedge up) accordingly, depending on their risk tolerance.