The Semiconductor Channel Just Broke for the First Time

Tim Knight is having a rare victory lap, he says he called every twist of the month, and the charts back the bearish case. The SPY trend line didn't just crack, it failed: it opened strong today and fell all day, leaving a bearish engulfing on a failed line. The semiconductor ETF broke its rising channel from the Liberation-Day low for the first time, which he calls a big deal, and the AI bubble is deflating. He also says ignore seasonality this year. 📊 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 A very good day, a very good week 00:50 Called every twist of the month 01:40 Trimming to 16, building back to 30 02:30 The S&P trend line fails 03:20 A bearish engulfing on a failed line 04:00 Why he ignores seasonality this year 04:50 The semis break their channel 05:40 A big deal, the first channel break 06:20 The AI bubble trade deflates 07:10 Why he avoids CoreWeave's messy chart #tastylive #timknight #tradingcharts #spy #trendline #semiconductors #aibubble #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.