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Will The Market Continue To Show Weakness? Here’s What To Watch


The market has been taking some hits after coming off the red-hot summer, led mostly by tech stocks. The pullback in the market we are currently seeing, or at least the bouncing back and fourth has also been led by the loss of steam in those same stocks.

After running hot, it would seem the tech rally is taking a breather, which has paved the way for the energy sector to make its move. Boosted by the news of the OPEC+ nations decided to prolong production cuts until December at the very earliest.

Looking around the market, we continue to see some weakness across the major indexes. If the market continues this selloff, we have many ETFs on watch to either go long or go short depending on the sector ETFs we are talking about.

To get all the trades we are looking at, as well as the levels on the major indexes we are keeping an eye on, be sure to watch the video breakdown below and mark up your charts. Knowing these levels, or being able to find and trade off your own, is critical to mapping out the market and being able to follow a plan.

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Good Luck With Your Trading!

Christian Tharp, CMT

Christian Tharp

I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group. My Chartered Market Technician (CMT) designation substantiates me as an expert in areas such as the technical analysis of stock trends, market indicators, cycles, price patterns, Elliot Wave principles, Candlestick charting, analyzing financial trends and behaviors, portfolio strategies, and forecasting future price movements. With my straightforward approach to simple, systematic trading, students learn how to strategically assess buy signals and market entry timing, establishment and management of stop losses, and how to employ a simple and disciplined trading approach that creates profits.

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