Is the Market About to Break? Tim Knight's Technical Analysis

After a terrific week short, Tim Knight did something that surprised people: he cut his short book from 37 positions to 18, went long the Nasdaq and emerging markets, and bumped his utilities short as a hedge. His read, the selling is largely done for now, not forever, but several key charts looked finished. He's still net short and winning on a green tape, and walks the SPY cracking its uptrend line plus a bearish engulfing on XLU, his biggest position. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 Switching teams, 37 shorts to 18 00:40 Answering the used-car-salesman jab 01:30 Still short, still winning on a green day 02:20 Why he thinks selling is done for now 03:00 The SPY cracks its uptrend line 03:50 Bonds and TLT rally, a flight to safety 04:40 The bear engulfing on XLU 05:30 The Dow runs into Fibonacci resistance 06:10 Taking the emerging-markets long off 07:00 Managing hedges on the fly #tastylive #timknight #tradingcharts #shortselling #spy #uptrendbreak #utilities #bearengulfing #technicalanalysis #stockmarket tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.