'Highly Likely' June Lows Taken Out: Fairlead's Stockton

The video discusses recent market trends, focusing on the S&P 500's movements and technical levels. It highlights a false breakout above the 50-day moving average and a significant pullback following CPI data. The analysis includes Fibonacci retracement levels and potential future market directions, with a focus on tech stocks like NVIDIA and Google. The discussion suggests a possible retest of summer lows and the implications for major indices.

What was the market's reaction following the release of the CPI data?

• The market showed stability.

• The market remained unchanged.

• The market became more volatile.

• The market experienced a significant rally.

Which level is considered significant for the S&P 500 based on Fibonacci retracement?

• 3900

• 3815

• 3200

• 3640

What is the potential target for the S&P 500 if the June lows are broken?

• 3200

• 3815

• 3640

• 3900

Which large-cap tech company is mentioned as potentially heading towards a breakdown?

• Tesla

• Amazon

• Google

• Apple

What is the significance of the June lows according to the analysis?

• They are a strong support level.

• They are insignificant and unlikely to be retested.

• They indicate a bullish trend.

• They are likely to be retested and possibly broken.