The S&P Hit Records, the Nasdaq Stalled. This Divergence Is the Tell.

The S&P 500 pushed to fresh record highs while the Nasdaq lagged behind, one of the widest gaps between the two in a while. Guest trader Forrest Knight breaks down what that divergence is telling him: the S&P is in pure price discovery, trading where there's no prior volume and nobody holds a position overhead, while the Nasdaq sits pinned at a heavy volume node from a few weeks back. His read is that the S&P could cool off a little while the Nasdaq catches up, and that it won't be a straight line higher. Along the way he covers how he uses volume profile and auction market theory, why he treats the S&P as the dog and the Nasdaq as the tail, and how he plans around a week packed with events. All views are the traders' own and this is not a recommendation. 📊 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 Meet Forrest Knight 00:36 Do you trade earnings 01:01 A weekly view of events 01:48 Trading with volume profile 02:28 Where everyone's basis sits 03:20 The S&P Nasdaq divergence 04:09 Pure price discovery mode 05:29 Hunting for fair value 06:06 Nasdaq or the S&P 06:34 The dog and the tail 07:02 Why he trades the Nasdaq #tastylive #tradeoftheday #futures #daytrading #nasdaq #sp500 #volumeprofile #forrestknight #priceaction #trading 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.