The 536 Line That Keeps Flipping on the Semis

Tim Knight lays out a strange setup: earnings, the Fed, and a wall of catalysts all land in the next eight days, yet the VIX is near zero and the market keeps soaring past the graveyard. Under the surface his read stays bearish: the S&P is still below its broken trend line, carving lower highs since the October 6 high. The chart he watches most is SMH, which broke a year-and-a-half channel while the 536 level keeps flipping between support and resistance. 📊 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 Two portfolios, one red, one green 00:30 The S&P, still below the broken line 01:10 Lower highs since the October high 01:40 Big green bar, then plunge 02:10 Zero fear before a wild week 02:50 The Dow and small caps 03:40 XLK and tech, very strong 04:30 The semis, SMH, always crucial 05:20 The broken year-and-a-half channel 06:10 The 536 level keeps flipping #tastylive #timknight #tradingcharts #vix #semiconductors #smh #trendline #earnings #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.