Tim Knight Says the Whole Market Now Hinges on This One Line

Tim Knight calls it dull and terrifying at the same time: a wall of earnings and the Fed land in hours, yet the tape drifts, and he thinks the market must stop going up here. On the S&P and Nasdaq futures, a series of lower highs. The linchpin is the semis: SMH is mashed back at the broken trend line, exactly where it got rejected last Wednesday. Is that all it's got, or does it shake the line off again? The real inflection point. 📊 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 The calm before the storm 00:35 Dull and terrifying at once 01:30 The theme, we have to stop going up 02:10 The S&P futures, lower highs 02:50 The Nasdaq, a stronger selloff 03:40 The linchpin, the semis 04:10 SMH mashed at the broken line 04:40 Is that all she got? 05:10 The real inflection point 05:40 Flat skew on Microsoft and Google #tastylive #timknight #tradingcharts #semiconductors #smh #trendline #fomc #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.