First, don’t miss today’s Daily Chart Setup trade idea down lower in this newsletter.
The newest prediction models for what the algos might do next en masse are out. Looks like we have a buy in most conditions, but how much? Come join me as we dive in and see what’s moving!
Plus, as always, we have stocks popping and dropping so come find out what is moving this morning as I look for stocks and do some live premarket analysis on SPX, SPY, NDX, QQQ, Russell, IWM and other stocks that are potential plays for the day. — — — Déjà Vu: Are We Repeating the 2007 Market Top? I’ve seen this movie before. The patterns showing up across the S&P 500, oil, the Nasdaq, the Russell 2000, Bitcoin — even gold — are giving me some serious 2007 vibes.
And if you’ve been watching the charts with me, you probably see it too.
Back then, we had a sharp move down, a strong bounce that made a new high, and then the real downside kicked in. That second leg down? It wasn’t just a dip — it was a 57% correction.
Now zoom out on the current setup. We've had that same aggressive move down, the same bounce, and we’re flirting with the same kind of resistance.  On the three-day chart, it looks almost identical to the pattern right before things unraveled in 2008. Price patterns repeat — it’s what they do — and this one has my full attention. Big Moves, Bigger Implications Oil is tracing out the same kind of roadmap. If it breaks out like it did in 2008, we could see a spike back toward $150, which last happened right before everything came crashing down.
Gold is running hot too — but still has room for a pullback to the Roadmap line. And Bitcoin? Pushing on the downtrend line but stuck under resistance. If it confirms higher, the whole risk landscape might shift — but we’ve got to actually see the move.
The S&P 500 (SPX) is testing that weekly 618 level Fibonacci level — the same zone that separated a rally from a full-blown reversal last time. As long as we’re below 5,490, a lower low is still in the cards. If we break above, there’s room to test the resistance zone between 5,600 and 5,800, but even that could just be a setup for a reversal like we saw pre-crisis. What Happens If We Fail Here? If we reject off this level, I’m watching for a measured bounce that rolls over hard — that could take us as low as 3,200 on the S&P, which would line up with a full-blown 2008-style correction. I’m not saying it’s guaranteed — I don’t have a crystal ball — but it’s in the chart.
And it’s showing up everywhere.
You can ignore the macro noise — elections, tariffs, headlines — but when multiple charts across multiple sectors tell the same story, that’s not noise. That’s a signal.
Be careful out there. This pattern has history — and history doesn’t always repeat, but it often rhymes.
Now be sure to join me live at 9:15 a.m. ET for “Morning Monster,” my market-open livestream on YouTube! I’m also live at 5 p.m. ET on Tuesdays for “30 Minutes of Awesome” — bring your ticker and I’ll analyze it in real time!
And be sure to hit that Subscribe button on my YouTube page! _____________________________________________________ And now, you can start taking every one of these trades with him — targeting 50% gain or more in just 60 minutes!
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Naturally, we cannot promise future returns or against losses but this is your chance to level up your trading, follow a proven strategy, and aim for a milestone together. The profits and performance shown today are not typical. We make no future earnings claims, and you may lose money. From 7/10/24 - 4/7/25 the win rate on 2112 published trade alerts has been 74% with an average hold time of less than 24 hours on the underlying stock. _____________________________________________________ Today’s Daily Chart Setup: CoStar Group (CSGP)
 This idea came directly from my Daily Chart Setup that automatically signals potential plays. - CSGP is a new potential entry. Target: 84.74 Stop below: 70.21
- CSGP has a historical win rate of 94.74%
- CSGP has a profit factor of 32.47
- CSGP trades last 56 trading days on average over 19 trades since 1998.
See the secret behind these signals here!
This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. Always remember that past performance is not indicative of future results. How the Daily Chart Setup Works Here’s a more detailed description of how the pattern triggers:
1. The price breaks upward through the orange Market Roadmap line.
2. Then the price goes up and down while staying above the line. Eventually, it comes down to touch the line again — this could take days, weeks or even months.
3. Once it touches the line and starts moving back up, that signals an entry.
I use Fibonacci levels for for profit targets and stop losses, and these two tools combined have helped me achieve a 77% win rate over the past six-plus years!
You can grab my Market Roadmap Indicator here for just $5 — less than a cup of coffee at most places! Jeffry Turnmire
Jeffry Turnmire Trading
I host my “Morning Monster” livestream at 9:15 a.m. ET each weekday on YouTube, and then “30 Minutes of Awesome” at 5 p.m. ET each Tuesday!
Please check out my channel and hit that Subscribe button!
I’m just a regular dude in Knoxville, Tennessee: a husband, father, civil engineer, urban farmer, maker and trader.
I've been at this trading thing with real money for 20-plus years, and started paper trading over 35 years ago. I have a knack for making some epic predictions that just may very well come true. Why share them? Because I like helping other people — it's the Eagle Scout in me. *This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. |
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