Tim Knight Says the Nasdaq Just Broke Its Trend Line and the Dow Took Over

After calling a bounce to the minute and banking the profit, Tim Knight is back to a lighter bear, and the chart he watches is the Nasdaq. The NQ punctured its trend line from late July and spent the day below it, a classic role change where old support becomes resistance. The Dow, meanwhile, is the odd man out, ripping to multi-week highs as a bull haven while tech weakens. He even made a Tasty trend-lines video, and this is it live. 📊 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 terrific week, and a bounce called to the minute 00:50 From 37 positions down to 16 01:30 Tiptoeing back in, still light 02:10 The XLU short stops out 02:45 The trio, ES, NQ and the Dow 03:30 The Nasdaq punctures its trend line 04:20 Spending the day below the line 05:00 The trend-line role change 05:40 The Dow as the bull haven 06:30 Why he'd rather it sneak sideways than crash #tastylive #timknight #tradingcharts #nasdaq #trendline #dowjones #rotation #techstocks #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.