On June 3^rd I recorded a 20-minute video for StockchartsTV.

The thesis is to explore whether we are at the beginning of a market correction or gearing up for a summer rally.

Interestingly, I start with the Granddaddy of the US Economy and our Economic Modern Family-the Russell 2000 (IWM).

Today, not only did IWM hold clutch support, (which I surmise could happen) but I also go through a level the Transportation sector (IYT) has to clear and why long bonds could ultimately send a warning (TLT).

I go on to analyze COIN, PLTR, CANE and KRE among others.

Basically, I share a MACRO view, focusing on price charts and notable outliers.

And then I help you discover where to put your money, no matter the market direction.

I am super proud of this work and of all the comments I got on the YouTube.

Here is a sample:

And wait, there’s more!

ETF Summary

S&P 500 (SPY) New all-time high

Russell 2000 (IWM) 210.80 ATHs resistance 200 support

Dow (DIA) 40k resistance

Nasdaq (QQQ) New all time high along with Nvidia

Regional banks (KRE) Watching the range 45-50

Semiconductors (SMH) New all time high

Transportation (IYT) Needs to clear back over 64.00 and stick

Biotechnology (IBB) 135 support

Retail (XRT) 75-80 trading range to break

iShares iBoxx Hi Yd Cor Bond ETF (HYG) 77-support to hold once again

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