'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 levels did the S&P 500 breach to the upside about a week and a half ago?

What is the speaker's perspective on the current market indicators?

What is the significant level on the downside that is being watched for the S&P 500?

How does the speaker view the importance of retesting the June lows?

What does the speaker suggest could happen if the Fibonacci retracement level is broken?