This is not investment advice. Do you own research and due diligence.
Things not mentioned in the video:
SPY has held its feb 24th low into close on Friday, May 6th. We lost ground intra-day, but overall support held and closed with a bullish indecisive candle.
QQQ's close ended with a more bearish indecisive candle, but with the potential of developing a doji...
Downward channel breakout into close on QQQ (orange channel).
Short term double bottom looking for confirmation tomorrow.
Potential H&S pattern formation on VIX (indicating the anticipated bullish counter trend).
I see a high probability for an ABC type lightning bolt move to the upside ($335 level) before a bearish trend reversal.
The next bearish reversal...
