Stephen Whiteside of TheUpTrend.com presents a swift Tuesday morning market update, covering premarket action and key technical insights. Highlights include Super Micro’s significant premarket surge following positive news, alongside an overview of declining futures for the Dow and S&P 500. Stephen discusses the importance of Monday’s inside day for U.S. indices, the ongoing challenge of big round numbers, and open gaps in major ETFs like SPY and NASDAQ 100, which are influencing market direction. He also reviews the TSX, where energy and gold sectors showed strength, and key levels to watch for buy signals.
The video emphasizes breakout scenarios, gap-filling dynamics, and pivotal support levels across major indices. Stephen wraps up by touching on the VIX’s movement near its upper channel line and Bitcoin’s potential climb to the $100,000 level, symbolizing big psychological milestones. This concise market update equips traders with actionable insights to navigate current market conditions.
Stephen Whiteside
TheUpTrend.com
Tuesday, November 19, 2024
