Notes from Chart Guys video: Believing What The Market Is Saying

Summary of Dan’s (The Charting Man) weekly market evaluation. All credit goes to The Chart Guys for the original analysis and insights.

Market Sentiment

Bulls are in full control this week:

  • SPY and NASDAQ back at all-time highs
  • Daily higher lows holding for 6+ months straight
  • No confirmed daily downtrend in sight
  • Weekly bull flags confirmed on NASDAQ

Key support level: SPY 66,330 (daily higher low) - this is the line in the sand for bulls.

What I’m Watching

Strong Setups

Financials (XLF)

  • Leading the bulls
  • Attempting monthly bull flag
  • Showing relative strength vs broader market

Crypto Miners - Best opportunities right now:

  • RIOT: Weekly back-test at years of resistance, potential for 4-year highs, earnings coming up
  • CLSK: Showing relative strength all day - higher probability long
  • CIFR: Leading crypto bull, more volatile but strong

Crypto (Bitcoin/Ethereum)

  • Ranges tightening - expecting volatility this week
  • Watch for breakouts

Weak/Avoid

Tesla (TSLA)

  • Bears in full control
  • Going inverse to NASDAQ
  • NOT a long candidate right now

Healthcare (XLV)

  • Was leading bear sector
  • Attempting recovery but needs confirmation

Key Levels

SPY: Support at 66,330 - watching back-test of all-time high resistance

Weekly EMA 12: Key guide across all indices - as long as we’re holding above this, bulls maintain control

4-hour EMA 12: Using this for intraday entry timing

Risk Factors & Strategy

The biggest lesson this week: Don’t fight price action

Trade WITH what the market is showing you, not against it. Examples:

  • Focus on relative strength stocks (CLSK) instead of trying to catch falling knives (TSLA)
  • Quantum sector showing high volatility and news-driven moves - be careful

Primary time horizon: Swing/position trading (weekly/monthly patterns) Secondary: Day trading opportunities on 4-hour higher lows

Ticker Watchlist

Bullish:

  • SPY, NASDAQ, QQQ: Bulls in control, holding daily higher lows
  • IWM: Weekly inside bar near all-time highs
  • XLF (Financials): Lead bull sector
  • RIOT, CLSK, CIFR: Crypto miners with strong setups

Weak/Avoid:

  • TSLA: Bears in control, inverse correlation to NASDAQ
  • Gold/Silver: Double topped and rolled over

Watch:

  • Bitcoin/Ethereum: Tightening ranges = volatility coming
  • Quantum stocks (QBTS, OKLO): High volatility, news-driven

Bottom Line

Bulls are in full control. SPY and NASDAQ at all-time highs with daily higher lows holding for 6+ months. Best opportunities are in relative strength plays (crypto miners, financials) with weekly bull flags confirmed.

Key concept: Trade what the market is showing you, not what you think it should do.

Crypto ranges are tightening - Bitcoin and Ethereum should see volatility this week. Avoid fighting price action on names like TSLA where bears are clearly in control.

Note: I’m a member of The Chart Guys private Slack community and highly recommend it for anyone serious about learning technical analysis.

This is my personal analysis for educational purposes only. Not financial advice. Markets involve significant risk.