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The S&P 500 Is Flirting With Danger
(new video from Don)
Don Kaufman here.
Nasdaq futures are now catching a bid after Nvidia's earnings, but just a few hours ago when I recorded my video, we were in a completely different situation - literally teetering on the edge of disaster.
Right before Nvidia's earnings release, with the S&P futures looking "massively unchanged" but having traded in WILD ranges (up over 50 points at one point before giving it all back), I put together a critical market analysis.
The defensive posture in bonds, Bitcoin's dramatic drop, and what I was seeing in the volatility structure had me genuinely concerned - and still does, despite the temporary relief rally we're seeing now.
We are literally flirting with the edge of the Abyss right now.
In tonight's video analysis, I cover:
Why that critical 5900 level in the S&P futures is THE line in the sand — and why I'm "comfortable" saying we're going to test it VERY soon
The ALARMING defensive posture in the bond market that most traders are completely missing (hint: it's not about inflation easing)
Why Bitcoin's substantial breakdown is likely to reverberate back into the broader market — despite what the bulls want to believe
The shocking reason volatility futures haven't hit "angry level" yet — and the exact catalyst that will send them raging
Why tomorrow's expected move is positioning for the BIGGEST single-day move we've seen all week ($65!) — and what this means for your positions
Yes, Nvidia just reported and futures are catching a bid, but don't be fooled. The structural issues I'm seeing run much deeper than a single earnings report can fix.
Watch my complete analysis here and prepare yourself for what could be a very volatile end to the week.
To your success,
Don Kaufman
P.S. The expected move for the remainder of the week is still showing $84 of movement left — even though we only have Thursday and Friday left to trade. That's telling you something VERY important about what's ahead. Get the full breakdown here.
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