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Tim Knight Says This Quiet Market Is the Calm Before a Wild Week

NowPress play to follow along0:00 / 11:10
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ticker lesson

Breakdown

0:00lesson

ES forming a potential top

  • ES forming potential top
  • Cut below yesterday's low
  • Bottomed out Friday
  • Failure of trend lines sets up for lower move
  • VIX at zero despite high risk
2:02SMH· ticker

SMH key levels and support

  • SMH 536 and 563 key levels
  • 563 support broken
  • 536 support tested
  • Bears hope for 536
  • Implied volatility for SMH
4:18STX· ticker

STX bearish patterns

  • STX symmetric triangle failed
  • Price gap near violation
  • Earnings event tonight
  • Bearish setup for STX
6:25CVNA· ticker

CVNA long-term pattern

  • CVNA diamond pattern completed
  • Trending lower from mid70s to 50s
  • Potential for sustained demolition
  • Patience required for CVNA
8:35IEF· ticker

IEF price gap and move

  • IEF price gap key
  • Move lower if gap not violated
  • TLT, LQD, IF exhausted
  • Interest rate decision catalyst
10:22lesson

Market reactions to elections

  • Brazil election impact on EWZ
  • 15% reversal from open to close
  • Israel and U.S. elections influencing markets
  • Political waves affecting equities

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