Many sectors are showing Big 3 sell signals and overall “ugly”. The S&P 500 (SPX) is choppy but has a weekly squeeze with a Big 3 buy signal. If SPX continues to pump heavily-weighted names, like Apple (AAPL) , Google (GOOGL), Nvidia (NVDA), and Advanced Micro Strategies (AMD), the SPX can keep the market afloat.
These heavily-weighted names are overly extended from the daily 21 exponential moving average (EMA).
In the video above, we’ll review the five names that are holding up this market and discuss potential exhaustion using the Big 3 indicator on the smaller time frames.
Stay Focused!