Are Markets Breaking Down or Just Overextended? | S&P, NASDAQ & Gold Technical Breakdown

Are the markets showing cracks—or just catching their breath? Mike Arnold returns for his monthly technical analysis segment to break down the latest technical trends in the S&P, NASDAQ, and Gold.Topics covered:- The truth about the “rotation zone” and how to trade around it- Why the S&P may be due for a pullback — and what levels to watch- The AI & MAG7 rally — bubble territory or bull momentum?- Understanding psychological price levels (hint: it’s math, not emotion)- Why the NASDAQ’s meteoric rise could face a snapback- The growing case for physical gold & silver in uncertain marketsJim and Mike share decades of market experience, from the dot-com bubble to today’s AI mania, offering practical trading insights and risk management strategies for investors navigating today’s volatile environment.

Timestamps:

00:01 – Introduction & Sponsors

00:39 – Hosts check-in

01:01 – S&P Technical Breakdown Begins

02:52 – Explaining Rotation Zones (8 & 21 EMAs)

03:42 – Bull Chart Analysis & Key Levels

05:59 – Short-term 60-minute S&P Analysis

07:43 – Key Resistance Levels & Round Numbers Explained

10:13 – Transition to Nasdaq & AI Mania Discussion

11:01 – Nasdaq Weekly Chart Insights & Bubble Considerations

12:47 – Market Caution: Bulls, Bears & Greed

15:41 – Monthly Chart Perspective & Reward-to-Risk Analysis

18:35 – Gold Analysis Introduction & Market Context

21:21 – Gold Monthly & Weekly Patterns Explained

24:36 – GDX (Gold Miners ETF) Technical Setup

27:20 – Copper Market Analysis & Key Bounce Levels

31:07 – Silver Technical Breakdown & Targets

34:48 – Dollar Index Overview & Critical Levels

36:53 – Dollar Index Implications for Other Markets

Follow along on social media: Twitter: https://x.com/bob_iaccinoTwitter: https://x.com/jimiuorioLinkedIn: https://www.linkedin.com/in/bob-iaccino/LinkedIn: https://www.linkedin.com/in/james-iuorio/Newsletter: http://theunfilteredinvestor.com/