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3 Months Stuck in a Range. Here Is the Level That Finally Breaks It.

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ticker lesson

Breakdown

0:00diamonds· ticker

Diamonds — short position, $60k line

  • Short position, $60k line
  • Trend line broken, support flipped to resistance
  • Range-bound, May 13 level
  • Earnings catalysts needed
1:57ES· ticker

ES — range-bound, May 13 level

  • Grinding in range since May 13
  • Earnings catalysts needed
  • Semiconductors key for clarity
  • Trend line broken, support flipped to resistance
4:05IWM· ticker

IWM — small caps, trend line broken

  • Trend line broken, support flipped to resistance
  • Lingering below broken trend lines
  • Semiconductors key for clarity
  • Range-bound, May 13 level
6:10SMH· ticker

SMH — topping pattern, blue line support

  • Topping pattern, blue line support
  • Bears control above blue line
  • Open at high, weak close
  • Descending channel on South Korea
6:11EW· ticker

EW — South Korea, descending channel

  • Descending channel since mid-June
  • Semiconductors key for clarity
  • Trend line broken, support flipped to resistance
  • Range-bound, May 13 level
6:12Alibaba· ticker

Alibaba — resistance line, 1.7% down

  • Resistance line broken, 1.7% down
  • FXI key position, September $36 puts
  • Overhead supply confirmed
  • Chinese AI narrative
6:13BYU· ticker

BYU — 1% down, topping pattern

  • 1% down from resistance line
  • Topping pattern breaking
  • Puts on January expiration
  • Chinese AI narrative
6:14FXI· ticker

FXI — September $36 puts, overhead supply

  • September $36 puts, overhead supply
  • Reversal confirmed, peak on Friday
  • Chinese AI narrative
  • Range-bound, May 13 level
6:15CARV· ticker

CARV — topping pattern, puts on January

  • Topping pattern breaking
  • Puts on January expiration
  • Earnings on 29th
  • Chinese AI narrative
6:16TLT· ticker

TLT — bond weakness, home building impact

  • Bonds slipping, TLT chart messy
  • Home building weakness linked to bonds
  • Laren massive top breaking
  • Floor and decor down 3 days
6:17INQ· ticker

INQ — bouncing ball, range breakout

  • Bouncing ball pattern
  • Trapped in range since June 9
  • Reversed Friday's weakness
  • Range breakout needed
6:18crude oil· ticker

Crude oil — backwardation steepening

  • Backwardation steepening, U at 8460
  • V at 8240, X at 8035
  • Trend line breakout potential
  • Energy bullish signal
6:19NASDAQ· ticker

NASDAQ — 1.5% up, crude oil correlation

  • NASDAQ up 1.5%, E-Minis up 0.5%
  • Crude oil strength ignored
  • Trend line breakout potential
  • Energy bullish signal
6:20Bitcoin· ticker

Bitcoin — NASDAQ correlation, bullish

  • Bitcoin up with NASDAQ
  • Crude oil strength ignored
  • Trend line breakout potential
  • Energy bullish signal

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