Technical Turning Point: Buy the Dip or Further to Fall?

The video discusses the recent NASDAQ correction driven by rising treasury yields. It explores technical analysis insights, highlighting the S&P 500's movement below its 100-day moving average and potential buy signals. The video also examines small caps like the Russell 2000, noting their resistance levels and potential market impact if these levels are breached.

What event has pushed the NASDAQ Composite into correction territory?

• A decline in oil prices

• A rise in consumer spending

• An increase in unemployment rates

• A surge in treasury yields

What does the movement of the S&P 500 below its 100-day moving average suggest?

• A potential buy signal

• An increase in inflation

• A decrease in interest rates

• A rise in consumer confidence

What is a common sentiment towards technical analysis mentioned in the video?

• It is often disregarded

• It is universally accepted

• It is sometimes respected

• It is always criticized

What is the significance of the Russell 2000 bumping against its long-term resistance?

• It indicates a potential market rally

• It suggests a possible market downturn

• It shows an increase in market volatility

• It implies a stable market condition

Who provides insights on the potential market damage if certain levels are breached?

• Danny Berger

• Cameron Christ

• Mark Cudmore

• Sandy Berger