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In this 18-minute analysis from Money Making Market, a critical technical signal is flashing for the S&P 500. The video reveals that SPX futures have precisely hit a key monthly support level, creating a potential 'bear trap' scenario with an 85% probability of an upside reversal. The analysis combines signals from a VIX that may be forming a lower high with bullish divergences on the SPY 2-hour chart, suggesting a coordinated attempt at a market bottom. However, the report warns of a critical risk for QQQ, where a gap below current prices is likely to be filled, potentially leading to new lows. The full breakdown includes specific scenarios for Tuesday's trading, the crucial role of Friday's massive options expiration, and precise risk management strategies for current positions...
A major technical confluence points to a potential market bottom. SPX futures have hit a critical monthly support, signaling an 85% chance of an upside reversal, while the VIX shows signs of rolling over. This analysis identifies the exact conditions needed for bulls to regain control.
The video details a high-probability 'bear trap' setup and outlines the path for IWM to confirm a bullish reversal. It also breaks down the conflicting signals in QQQ, where a gap below poses a significant near-term risk that options markets are already pricing in.
Key risks are highlighted: a failure for SPX to hold above a specific weekly level could see a retest of support, and a turn in the 2-hour chart indicators for IWM could invalidate the bullish thesis. The report stresses that while a crash isn't imminent, the signal for one could form by the weekend.
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