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Is Everyone Sour On the Economy? First, don’t miss today’s Daily Chart Setup trade idea down lower in this newsletter. Pessimism has reached record levels. Consumer pessimism, trader pessimism, CEO pessimism, and even future projections have a pessimistic slant. You know, when everything tips to one side, the market has a habit of doing the opposite. Come join me as we dive in and see what’s moving! Plus, as always, we have stocks popping and dropping so come find out what is moving this morning as I look for stocks and do some live premarket analysis on SPX, SPY, NDX, QQQ, Russell, IWM and other stocks that are potential plays for the day. — — — Danger Zone Ahead: The Nasdaq’s Rejection at Key Resistance Is a Major Red Flag Right now, the Nasdaq is coming into a major inflection zone — and it's already showing signs of weakness. We pushed into overhead resistance overnight, turned red, and rejected. That’s not bullish. That’s a warning. The danger zone is real, and it's right here. This is the same level we failed to get through on the cash index during the regular session the day before. It’s also the same level that was outlined months ago — back when I said we could rally to all-time highs, no matter who won the presidency, and then turn lower. So here we are. Doesn’t matter what the news is. It’s all in the chart. ![]() This is where big traps get set. The Chart Already Told You This Was Coming It’s not about what causes the next move. Whether it’s GDP, China or some other news event — that’s not the point. The chart already laid out the path. We're either turning down from right here, or from slightly higher up — but either way, the setup is in motion. This rejection came at a level I’ve been calling out for a while now — 5,600 to 5,800. If we can't break through it soon, the next leg could be ugly. Not just a pullback — but a sharp rollover that catches people sleeping. Most traders won’t see it coming until it's already halfway done. Rejection First, Breakdown Later? This could play out in a few ways... Maybe we chop, maybe we spike higher and then fail — but none of that changes the broader setup. If we don't get continuation soon, we're likely headed back down to retest support. And if that breaks, we’re looking at a much deeper move. That’s why I’m not chasing long trades here. This is a critical resistance zone, and it deserves respect. If we pop and hold above it — fine. I’ll reassess. But if we start to fail from here, this was the shot across the bow. Stay sharp. Stay flexible. The next big move is setting up — and it could come fast. Now be sure to join me live at 9:15 a.m. ET for “Morning Monster,” my market-open livestream on YouTube! The 4PM Payout Plan Delivered a 96% Win Rate in the Worst Market Conditions And now Lance and Jack want to show you how you can begin following along with your own for 4PM Payout Pan Today’s Daily Chart Setup: Charter Communications (CHTR) ![]() This idea came directly from my Daily Chart Setup that automatically signals potential plays.
See the secret behind these signals here! This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. Always remember that past performance is not indicative of future results. How the Daily Chart Setup Works Here’s a more detailed description of how the pattern triggers: 1. The price breaks upward through the orange Market Roadmap line. 2. Then the price goes up and down while staying above the line. Eventually, it comes down to touch the line again — this could take days, weeks or even months. 3. Once it touches the line and starts moving back up, that signals an entry. I use Fibonacci levels for for profit targets and stop losses, and these two tools combined have helped me achieve a 77% win rate over the past six-plus years! You can grab my Market Roadmap Indicator here for just $5 — less than a cup of coffee at most places! Jeffry Turnmire Jeffry Turnmire Trading I host my “Morning Monster” livestream at 9:15 a.m. ET each weekday on YouTube, and then “30 Minutes of Awesome” at 5 p.m. ET each Tuesday! Please check out my channel and hit that Subscribe button! I’m just a regular dude in Knoxville, Tennessee: a husband, father, civil engineer, urban farmer, maker and trader. I've been at this trading thing with real money for 20-plus years, and started paper trading over 35 years ago. I have a knack for making some epic predictions that just may very well come true. Why share them? Because I like helping other people — it's the Eagle Scout in me. *This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. |
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One weapon, one response — and dozens of stocks exposed ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ...
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