S&P 500 Fumbles 6800 as Energy Surges, Financials Break Down | CHART THIS

Описание: Markets delivered a choppy, sideways session on Wednesday as the S&P 500 continued to struggle below the 6800 level. In today’s episode of CHART THIS, Dave Keller breaks down a market that feels increasingly fragile beneath the surface, even as the major indexes appear relatively stable.

Energy was the clear standout as crude oil surged, while nine of eleven S&P sectors closed lower. Financials continue to deteriorate, consumer staples are rolling over after failed breakouts, and market breadth is weakening across multiple indicators. Meanwhile, bond yields are rising as the market prices in fewer Fed rate cuts amid renewed inflation concerns tied to commodities and geopolitical tensions.

Dave walks through the S&P 500’s potential topping structure, explains why failed retests of broken support can be dangerous, and highlights important breadth signals including the NYSE advance-decline line and bullish percent indexes. He also reviews key charts including ADM, CAG, GOOGL, ORCL, MS, and the continued breakout in energy names.

With volatility elevated and rates trending higher, this episode focuses on risk management, failed breakouts, and how to respond when charts stop doing what they “should” be doing.

⏱️ Chapters
00:00 Welcome and market recap
02:30 S&P 500 fumbles 6800 support
06:00 Volatility stays elevated above 24
08:30 Rising Treasury yields and inflation expectations
12:00 Energy surges while most sectors fall
16:00 Heat map review: strength vs weakness
20:00 Financial sector breakdown and failed support
23:30 Breadth deterioration: AD line and bullish percent indexes
27:30 Soft commodities breakout and ADM strength
31:00 Failed consumer staples breakout: Conagra example
34:30 Growth check: GOOGL ORCL and key support levels
37:30 Risk management and why failed breakouts matter

📈 Topics Covered
• S&P 500 breakdown attempt below 6800
• Rising 10-year Treasury yields
• Inflation pressures from commodities
• Energy sector leadership (XLE DVN CVX XOM)
• Financial sector weakness (XLF MS WFC)
• Breadth deterioration in the S&P 500
• Bullish percent index breakdown
• Soft commodity strength (corn wheat soybeans)
• ADM breakout vs CAG failed breakout
• Alphabet support test and momentum divergence
• Oracle gap higher and resistance levels
• Risk management and stop discipline

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The content in this presentation should not be considered as a recommendation to buy or sell any security. All information is intended for educational purposes only and in no way should be considered as investment advice. Some of the links in this description and in the video may be affiliate links, which means you pay nothing more and it helps me to make Market Misbehavior awesome! As an Amazon Associate, I earn from qualifying purchases. For full disclaimer, please see our website: https://www.marketmisbehavior.com/dis....

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