S&P Troubling Signal as Gold & Silver Crash — Here Is the Hardcore Analysis

Welcome back to Trading The Close! Today’s price action is putting market participants on notice, with a clear sign of indecision at a critical resistance level, while major movers provide pockets of opportunity and fear. The S&P 500 ($SPX) has spent the day chopping sideways, right at the top of that large red candle from October 10th. If the day closes as a Doji candlestick, it signals a perfect market stalemate between buyers and sellers, often preceding a major pivot or trend change. We'll analyze the implications of a Doji at this pivotal resistance point for the SPX, QQQ, DJI, and IWM. In the major mover spotlight: General Motors ($GM) has surged over 15% on the back of a strong earnings report! We break down the chart to see if this is the start of a new uptrend or a one-day wonder. We also check on rival Ford ($F). Gold has taken a serious technical hit today, significantly damaging its current chart structure. We'll look at the key support levels that must hold to prevent a full-blown correction and analyze gold miner NEM. Plus, we look at key technical setups on TGT, PM, and WBD, and provide updates on the trading ranges for Bitcoin, Silver, US Oil, and Natural Gas.

In This Episode, We Cover the Technicals on: Indices & Major Assets Sector Movers Individual Stocks SPX (S&P 500) Bitcoin GM (General Motors) QQQ (Nasdaq 100 ETF) Gold F (Ford) SMH (Semiconductor ETF) Silver TGT (Target) IWM (Russell 2000 ETF) US Oil PM (Philip Morris) DJI (Dow Jones Industrial Avg) Natural Gas WBD (Warner Bros. Discovery) NEM (Newmont) Disclaimer:

This video is for informational and educational purposes only. I am not a financial advisor. Trading stocks involves substantial risk, and you can lose money. Always conduct your own research and consult with a professional financial advisor before making any investment decisions. This video on Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / IWM / AAPL provides a technical outlook on the S&P 500 and other major indices, which is a key part of your show's focus.

Right at the close of the market, Drew will:
- Review the day's winners and losers
- Analyze the latest news and events
- Offer their expert opinions on the market's direction

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