Scott Redler: Global markets show declines as technical damage mounts

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Global markets face technical losses

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Anastasiia Chabaniuk

17.07.2026

Scott Redler: Global markets show declines as technical damage mounts — Global markets face technical losses

Scott Redler, chief strategic officer at T3 Live and T3 Trading Group, reports a predominantly negative trend across global markets. He observes that increased technical damage has led to numerous stocks breaching the 8-day and 21-day moving averages, prompting active long investors to exit their positions.

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Redler previously highlighted weakness in QQQ as several stocks posted declines in the market, according to a recent note. He also analyzed a drop in S&P 500 futures as SPY tested the $747 level, citing shifts in performance among semiconductor and value tech stocks in another update. These observations point to continued focus on technical signals and key index levels.

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