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The Newspaper Story That Told Tim Knight the Top Was In.

NowPress play to follow along0:00 / 15:19
Chapters8 segments · tap to seek
ticker lesson

Breakdown

0:00lesson

Market reaction to Fed press conference

  • Rates unchanged with dissent
  • Markets shifted from red to green
  • ENQ slightly up then red again
  • Trading day remains volatile
2:00diamonds· ticker

Diamonds — shorted near price gap

  • Diamonds plunged after rally
  • Shorted near price gap
  • Market turned away from gap
  • ES shows mixed bag
4:03ES· ticker

ES — pierced support but not closing below

  • Pierced support but not closing below
  • Tech stocks (XLK) show strength
  • Semiconductor shorts remain
  • South Korea bailout analogy
5:57META· ticker

META — short position with resistance level

  • Short position with resistance level
  • Market reactions to Fed speech
  • Bears gain from Fed silence
8:00Sandis· ticker

Sandis — bullish pattern with put buying

  • Bullish pattern with put buying
  • High nominal price for options
  • Barrier to further ascent
10:12AXTI· ticker

AXTI — triple diamond pattern

  • Triple diamond pattern continuing
  • Micron (MU) broke below support
  • VSS and AOI falling 11%
  • AI hyperscaler unwind
12:23CAT· ticker

CAT — puts held despite decline

  • Caterpillar down $50
  • January puts held for lower prices
  • GE aerospace falling 3%
14:39ENQ· ticker

ENQ — six consecutive red bars

  • Six red bars below support
  • ES next to crack
  • Market remains volatile

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