Tim Knight Says the Market Just Hit Control-Z on Its Own Rally

After a brutal fight-back off the recent lows, Tim Knight says the market just hit control-Z, undoing the last couple days of gains in two sessions, and he's quietly thrilled. The chart that matters is the S&P, sliding toward one shaded zone, his last best hope for a meaningful November drop. He's not aggressive: his only ETF positions are interest-rate plays, TLT, IEF, FXI and a new SMH, with no index exposure. And the mega-caps keep bleeding as these cash cows drown in AI debt. 📊 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 Not a great week, but maybe turning 00:40 Two trading days until the vote 01:20 The S&P, bears were out of rope 02:10 The last best hope, the magenta zone 03:00 Control-Z on the fight-back 03:40 The Dow and small caps 04:20 Only interest-rate positions, no indexes 05:10 Bonds strong, lifting small caps 05:50 Tech down on Google and Microsoft 06:40 The cash cows drowning in AI debt #tastylive #timknight #tradingcharts #spy #bonds #interestrates #google #aidebt #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.