In today’s My Trading Game Plan, Chief Market Strategist Gareth Soloway breaks down the latest market rally driven by plunging oil prices and retail FOMO. Investors are clamoring into the market hoping for a repeat of the April 2025 bottom, but the charts tell a completely different story. Technical analysis reveals the S&P 500’s upside is now limited to just 2.7% before hitting a major resistance trend line that has dictated market highs since 2020. With the market priced to perfection, are we on the brink of a sharp pullback?

What’s Covered in Today’s Episode:

S&P 500 & Market Sentiment: Why the current FOMO rally is at risk of a sudden 2-3% drop on the first sign of a disappointment headline.

Earnings Breakdowns: ASML beats estimates but offers light Q2 guidance. Why semiconductors are due for a correction and software stocks are the near-term play. Plus, Bank of America key levels.

Commodities Watch: Oil’s bear flag breakdown (targeting $75/barrel), why Gold and Silver are forming macro bear flags, and Natural Gas as a bullish play for data center energy demands.

Crypto Targets: Bitcoin rejects key resistance at $76,000. What needs to happen for BTC to hit the $80k-$85k target next.

All Charts, No BS. With over 27 years of trading experience, Gareth cuts through the mainstream media narratives and social media hype to deliver the pure truth. You can go to the media for the narrative, but a chart has no agenda.

Remember to Like, Subscribe, and turn on notifications so you never miss a Game Plan!