So a lot of stocks collapse today. This is the first time in about two months that we've seen the NASDAQ drop by close to -2% in today's video. We're going to address what to expect within the next few days and I'm going to share with y'all two stocks to keep on watch for tomorrow. right? All Y? let's dive right into the charts.

Right off the bat. We got the NASDAQ and again, as I mentioned earlier, this is a massive drop. A nasty drop and look at the bottom. Big volume too and increasing volume.

Red candles. It goes from really, really small dogee to a very large candle right here. It's not good. The situation is looking bearish.

I Warned you guys yesterday, if you haven't watched that video that I put out last night, I'm going to pin it at the top right of the video. That way you can click on it and watch it. I Give you specific warnings I Wasn't interested in going long on anything in the market because most stocks were overvalued and we were due for a potential drop. All right right now.

we're not out of the woods just yet. The situation is bearish. This is the moment. This is the time that Bears kind of take over the markets and we're going to see some consolidation.

Drop. Consolidation. Drop. consolidation.

That's the trend that we're going to follow soon. All right, So that's that's with the NASDAQ. Let's look at the Spy. It didn't drop as much as the NASDAQ did, but it's still low I Think it went down by like 1% or actually no 0.7% for that matter.

So um, this thing isn't done yet. It's not done yet. Let's check out the Vix and the Vix is up. Also, the Vix jumped this morning.

It had a huge Spike to 1420. Yeah, so it opened up really really high and it did something that's a little bit off. Usually when the Vix drops, the market tend to run. but in this situation the market and the Vick also dropped I Wouldn't be surprised if we actually Gap up again in the morning.

Sometimes the Vic does weird things that doesn't make any sense, but in this situation it kind of dropped all the way back down to supports. Therefore, seeing another Gap up to 1420 at the open wouldn't surprise me. Watch out for that, and if it does happen, that means we're going to sell off again. Most likely we're going to sell off again.

So just keep your eyes for that. Set an alerts on the Vix like right at 14.2 and if it rings inad day then like then there is then there will be a high likelihood of a huge selloff inra day. So just keep your list right there at 142. Now let's look at let's look at the crypto Market before I share the stocks to keep on watch for tomorrow we're We're going to do an updates on that again.

It looks decent right now. The main question is is it a trap or is, it not a trap? It hasn't really revealed itself as a trap I Don't like I mean the volume. The volume is pretty big. I'm not going to lie, the volume is pretty big, but at the top of that specific candle, there are sellers there.

Like, right over at the top of that candle is their are sellers. It's not like a full bar and again, keep in mind the location of the pattern relative to the run. So again, I I Still think it's a trap because of everything else because of how everything else is looking. Let's go back to think or Swim and let's check out how those crypto stocks reacted to, um, that jump again I Warned yall yesterday that we were going to go between 25 and 26 with Mara play some games and then eventually fall back down.

I Drew this thing. play Bypl right there. Um, the doy that I thought would happen didn't really happen. It opened higher and then immediately faded.

All right. So um, when is it going to get to 20 bucks per share? It could be tomorrow. It could. It could be tomorrow.

This is not a good sign. This is the it's it's fallen in a different fashion that I've drawn. But Ultimately, it's going to get to the same price. The question is, when when is it going to get there? All right and I'm not I don't know specifically.

it could be tomorrow. or it could be Thursday or it could be Friday but I know that eventually it's going to drop here and then kind of flatten out between 15 and $17 before we see another move higher. um because of and also one more thing. I Got really lucky today.

uh with a trade cuz over the weekend on Friday after I took this trade um on Mara between 29 and $24 I decided to short the crypto Market again but not with Mara we actually chose. We actually chose coin right over here. All right. So 5 minutes before the market closed on Friday I decided to buy puts on coin when it closed at 174 I Was not expecting that little breakout with BTC at all and I'm saying we got really really lucky because of the way it opens like right when it opens.

Let's go back to Thinker. So so this is coin all right. Right when it opened first we have the scare. so I'm I'm checking this thing overnight and this thing is Huge! So immediately in my mind I'm like okay I'm about to be down quite a bit which is going to be annoying all right.

But uh, lucky for me the NASDAQ started to sell off and coin started to follow that that NASDAQ selloff as well and it ended up at a at a uh at no gain or no loss at all. It opened up at the exact same price which made the trade a lot more pleasant. I would say it made the trade more pleasant and we actually ended up making money on on coin right here. So I was just holding my puts here all the way until around like 900 a.m.

Central Time After the first 30 minutes when coin decided to get all the way down towards like 161, the price Target that I had for it was exactly 160. So when it got there in literally 30 minutes, that's when I decided to start selling everything. selling all of my puts I didn't think it will drop all the way down to um all the way down to 155 as it did here. It didn't show that clue until later on during the day so my exits was all over here right there.

This is where I got out and then as you can see on the chart this is a descending triangle I didn't see this I wasn't in the office if I did see it um at that time I would have re-entered right here instead of taking a small position at the close which I do have. um I do have a small I did have a small position at the close for tomorrow short. All right now is this thing going to play some games before dropping? It's a maybe it's a maybe it could. it could open up just a little bit higher, consolidate and then drop on Thursday it could.

do that or it could just fall all the way down to like 150 and then bounce which would be the best case scenario that way. I could actually get out like the ultimate price Target Or the original plan was for today to be to only drop to 160 consolidates and then drop to 150 before we see some type of like uh, 10 to 15% balance between tomorrow and Friday So we'll see how this one, we'll see how this one goes. So that's the update on the crypto market and all crypto stocks. Now let's look at the first stock to keep on watch for tomorrow.

The first stock that you should be keeping in your watch list is Pen here. and the reason why I want to share pen here with y'all is because of of this. Y'all saw that little descending triangle on uh, on coin that I literally just showed you guys it was there. There's another one right on pance here and it's right here.

It actually broke down this this morning today, so this is it. Right there. The descending triangle is here. it broke down on Friday actually and then it opened lower today and then sold off.

This thing is probably going to drop all the way down to 15 bucks to this green circle right here. Again, this is a descender triangle. Very simple, very basic. so watch it for it.

Drop all the way down to 15 along with everything else. QQQ Spy I think I think it's all going to drop, but this one's There is a setup there and this. that's why I Thought it would be nice for this video so that's the first stock to keep on watch, the next stock to keep on watch for tomorrow. Uh, that stock is snap Snapchat All right, and the reason why I want to share Snapchat with you is because it's it's overvalued.

I'm sharing this one. Not overvalued. It's relatively relatively overvalued, right? We all know that it's been crushed since $83 and it's trying to recover slowly. All right, it had a massive push from year $9 all the way up to $18 Nearly doubled its price.

kind of like square. And congrats to anybody who made money on Square I shared it with youall yesterday I Told y a drop is coming and it definitely did drop it's it got really close to 70. All right. we're going to look at spurt after this, but for Snapchat again, this one broke down.

there is a gap to fill at 15 bucks. therefore watching for a drop tomorrow to exactly 15 bucks. All right. going to keep it nice and simple.

if we zoom in on the 1 hour, there is a bearish penet on there I see it and I kind of like it I say kind of because I've seen better looking bearish pinets but this one is a bearish pennet and it did break down today. All right. So watch it for a drop to $115 all right now. Um now what I was saying with square? So this is square all right and I told you I'll watch it for it.

Drop to that red box that red B Again, if you haven't watched the video, I'm going to pin it at the top right segment of the video of this video top right. That way you can watch it. It's 16 minutes long, a little longer than usual. but I explain to you why I was bearish and the Gap is on the left hand side.

It could go a little bit lower. Even again, everything most stocks at least most tech stocks is looking like that. I'm not bullish on anything and therefore I would caution you to be very careful if you're trying to chase anything along, especially text stocks. All right.

So that is the end of the video. Again, do not forget to demolish the like buttons. As always, don't forget to subscribe if you are new to the channel again. I Release videos on from Sunday to Thursday exactly 1 p.m.

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Once again, ladies gentlemen, my name is Paul Goba Anology Lab where we trade patterns, patterns only and I will see all of you in the next video.