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Nvidia-OpenAI-Oracle Circular Investment? First, don’t miss today’s Daily Chart Setup trade idea down lower in this newsletter. In a sign of peak insanity: Nvidia (NVDA), Oracle (ORCL) and OpenAI are up on a circular investment scheme that can only be a part of a delusion of growth. NVDA gives OpenAI money, who in turn gives ORCL money, who in turn gives NVDA money. It's a circular firing squad of investment. So let’s discuss, and… Come join me as we dive in and see what’s moving! Plus, as always, we have stocks popping and dropping so come find out what is moving this morning as I look for stocks and do some live premarket analysis on SPX, SPY, NDX, QQQ, Russell, IWM and other stocks that are potential plays for the day. — — — How ABC Corrections and Overlapping Waves Signal Major Moves The Key Technical Patterns That Help Me Spot High-Probability Market Reversals Something caught my attention in overnight trading action recently, and it perfectly illustrates why understanding wave structure can give you a massive edge in timing market moves. After 20-plus years of studying charts, I've learned that the market speaks to you if you know how to listen. And one of the clearest voices comes from recognizing specific patterns in how prices move — especially when you can distinguish between clean, structured moves and what I call overlapping “hot mess” action (which you can see in the sideways action in the chart below). Here's what I've been tracking… We saw a five-up pattern that overlaps, followed by a relatively clean, corrective move down. This type of structure isn't random — it's telling us something important about the market's next likely direction. ![]() How ABC Corrections Work The pattern we're seeing here is what’s known as an ABC correction — and it’s been an absolutely beautiful correction. When you understand this structure, you can start anticipating where the market wants to go next instead of just reacting to where it's been. The key insight is recognizing when we have potential for trending or corrective wave structures. Each wave type has different implications for what comes next, and knowing which one you're dealing with can completely change your trading approach. Setting Up High-Probability Alerts Pattern recognition without actionable levels is just an academic exercise. That's why I set specific alerts based on these structures. For the current setup, I'm watching for an S&P 500 (SPX) break below overnight lows targeting 6,534. I was looking for a break to the upside above 6,730 — which we got Wednesday and likely means we're going even higher — just remember that nothing is guaranteed in trading! These aren't arbitrary numbers — they're based on the wave structure and what the pattern is telling us about probable outcomes. The beauty of this approach is that it removes emotion from your trading decisions. You're not guessing or hoping — you're following a systematic framework that's worked for decades. When you start seeing these patterns consistently, you'll understand why I get excited about setups that look beautiful and pretty much spot on. It's not about being right every time — it's about recognizing when the odds are heavily stacked in your favor. Now be sure to join me live at 9:15 a.m. ET for “Morning Monster,” my market-open livestream on YouTube! Pick Up Your Triple Threat Deal Before It Disappears TONIGHT! When you claim your deal today, you’ll get TWO extra years… for only $500 extra. That means you get THREE FULL years to target outsized returns from 60-minute surges using explosive 0DTE options… Today’s Daily Chart Setup: Mettler-Toledo International (MTD) ![]() This idea came directly from my Daily Chart Setup that automatically signals potential plays.
See the secret behind these signals here! This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. Always remember that past performance is not indicative of future results. How the Daily Chart Setup Works Here’s a more detailed description of how the pattern triggers: 1. The price breaks upward through the orange Market Roadmap line. 2. Then the price goes up and down while staying above the line. Eventually, it comes down to touch the line again — this could take days, weeks or even months. 3. Once it touches the line and starts moving back up, that signals an entry. I use Fibonacci levels for for profit targets and stop losses, and these two tools combined have helped me achieve a 77% win rate over the past six-plus years! You can grab my Market Roadmap Indicator here for just $5 — less than a cup of coffee at most places! Jeffry Turnmire Jeffry Turnmire Trading I host my “Morning Monster” livestream at 9:15 a.m. ET each weekday on YouTube, and then “30 Minutes of Awesome” at 5 p.m. ET each Tuesday! Please check out my channel and hit that Subscribe button! I’m just a regular dude in Knoxville, Tennessee: a husband, father, civil engineer, urban farmer, maker and trader. I've been at this trading thing with real money for 20-plus years, and started paper trading over 35 years ago. I have a knack for making some epic predictions that just may very well come true. Why share them? Because I like helping other people — it's the Eagle Scout in me. *This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. |
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