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The SPY Just Erased Months of Resistance in Two Days. Tim Knight Is Still Short. Analytics Table

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About The SPY Just Erased Months of Resistance in Two Days. Tim Knight Is Still Short.

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On tastylive's Trading Charts, Tim Knight opens with a simple observation: he's lost count of how many days in a row the NASDAQ has gone higher, but he thinks it's 11, and he can't remember anything like it in decades of charting. The descent was slow and grinding. The recovery has been the opposite: three or four key days undoing over six weeks of damage. He's still short, still up on the year, but navigating one of the more confusing markets he's seen. The chart walkthrough covers IWM small caps pushing back to all-time highs, semiconductors staging what Tim calls the greatest fake-out of all time after a textbook topping pattern failure, the Dow lagging behind as the only major index not yet back at lifetime highs, quantum stocks bouncing double digits in counter-trend moves, GDX and XLB as current short ETF positions, and the SPY completing its distribution top breakout in just two days. Tim closes with the SPY one push away from a new all-time high and his positioning firmly in cash-heavy, low-risk mode until the picture gets clearer. Helpful links: tastylive: https://www.tastylive.com/ FREE tasytlive Newsletters: https://info.tastylive.com/newsletters FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 Follow tastylive on X (Twitter): https://x.com/tastyliveshow CHAPTERS: 00:00 Chart Walkthrough Begins 00:03 IWM Small Caps: Back at Lifetime Highs 00:52 Semiconductors: The Greatest Fake-Out of All Time 01:26 Dow Industrials: The Lone Laggard 01:55 Emerging Markets and EFA Gap Update 05:43 Current Short Positions: CRWD, NET, OXY, ASTS 07:46 Portfolio Structure and Risk Reduction 08:51 Quantum Stocks Bounce Double Digits 09:42 GLD, GDX, and Precious Metals Chart 10:24 SPY: Distribution Top Completely Conquered #tradingcharts #timknight #tastylive #technicalanalysis #stockmarket #nasdaqrally #spx #shorttrading #chartanalysis #marketanalysis tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we’ll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. (“tastylive”) and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims (including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.

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