The math just broke down ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Don here... Gianni Di Poce identified an inverted cup and handle forming on the Nasdaq daily chart. He's had the neckline drawn for weeks. The market just closed below it. The measured move targets 21,850 on NQ. Tomorrow at 12PM EST, Gianni is hosting a Trinity Trades webinar walking through how he's positioning inside this breakdown. Add it to your calendar now. In today's Live Trading Room session replay, you'll see: - Why Meta's bearish breakaway gap changes the index math. The stock gapped below support and kept selling. Gianni laid out the measured move to $445, a retest of last August's lows. With 40% of the S&P 500 in just 10 stocks, this kind of damage drags the entire index.
- The Nvidia entry that never triggered and why closing prices saved him. Gianni wanted long above 180.40 on a closing basis. It never got there. If Nvidia loses 165, the downside opens to 110.
- The credit spread signal you need to watch before Monday. Corporate bond spreads bottomed last week and started rising. If spreads collapse hard tomorrow, expect a gap down Monday. Liquidity hasn't blown out yet. The real washout hasn't started.
- Why more shorts are piling into XLE while energy stocks keep ripping. Chevron, Exxon, Talos, and Permian Resource Group are all in clean uptrends. Gianni explained why comparing this to 2008 energy is wrong. We have inflation now, not deflation.
The Mag Seven's first 57 days of 2026 are performing worse than 2022. Gianni was positioned bullishly earlier this month. He abandoned the thesis when follow-through failed. Bearish sentiment readings actually declined this week. That means the market probably needs to get worse before it gets better. The VIX is coiling. Gianni expects rates to surge, the dollar to rip, crude to climb, stocks and crypto to drop, and volatility to explode. Then the market bottoms. → Watch Gianni calculate the exact Nasdaq downside target, walk through the Meta breakdown, and explain why the VIX is about to explode To your success, Don Kaufman
Chief Market Strategist, TheoTRADE
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