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DISCLAIMER:
All videos or content posted on this channel regarding stocks, investing, stock trading, money, money, wealth, retirement, or any investment vehicle is entirely for educational purposes only, please do not take any of the information literally, and always speak to a professional/licensed investment specialist for any investment decisions.
Good morning, ladies and gentlemen, holy cow, is it uh? Is it a miracle is? Is it a miracle hold on? Let me look outside the window yeah. Actually, the world is ending so kiss your loved ones. Goodbye, connor, paul throne, is streaming to youtube. Folks - boy, oh boy - i don't even want to, but i do want to tell you the list of daily issues that i've been having to go through to get this online.
It has been one for the history books folks, but nonetheless i was determined to figure out the solution and the bad news is. We still have not figured out the solution. What's happening right now, uh the reason i'm actually able to stream right now is kind of by luck. Uh.
I won't take too much time on this, but just know. In short, remember last week i told you i stream on two computers and when we would start one stream, then the other one would perform bad and then, when we would start this one, then the other one would perform bad. Well. Last week we thought we had solved sort of the puzzle, and that was when one computer started streaming, then the other one would stream poorly and vice versa.
So, whichever stream you started first would do better than the other. Well, we come to the realization that that was false, so our initial thoughts were completely inaccurate, weren't right. So basically what we came down to the conclusion was, regardless of which computer you were streaming on or are streaming on. In my current situation, it's almost like every other or every other third attempt works.
So it's like this one's bad next one's good, this one's bad next one's good, this one's bad, bad! Then it's good! So if there's a very random occurrence as to when a good stream actually populates right so right now we're streaming in perfect quality to youtube. These are the same exact settings and same exact internet that we were using just last week in the week prior. So there's nothing about the service of internet. There's nothing about the settings, there's nothing about the software's, the accounts or anything.
That's actually changed. The only thing that's changed is i'm only able to stream good quality like every other, every other? Third, so there's a couple more things we're now going to look into, but we've at least gotten down to the fact that we know it's almost like every other. Every other third goes down when i start to stream, and so we still don't know why that's the case uh, so we're kind of getting there, but not really ish. So today's gon na be another day of working a couple hours a day, trying to figure out.
Why it's not working so uh, no trading clips will pretty much be down at all. Scanners will be oh by the way. Uh. Let me actually do something here since uh trading clips uh, they would do that.
Wouldn't they yeah figure since trading clips is going to be down. I just move them to this screen. Look at that so got a couple down here: um that i'm keeping up for right now, but anyways so got some stock scanners down here, we'll be able to use throughout the day. So as of right now, the other youtube channel will not have any scanners going because, obviously well we're not going to sacrifice this stream for having those scanners up for right now, so uh yeah really odd, it's like every other. So it's almost like it's almost like. If, at the end of the day, i end it on a shitty stream, then the next morning, when i get online to stream, it should populate a good one until we can figure out - and i can assure you that it's probably not going to be that that That straightforward will probably run into another morning where it doesn't work and it doesn't work and so again, if, in the event we run into a morning where the regular approach to streaming doesn't work, then i'm going to use zoom like i did just last week, which Allows me to stream in 720p with no issues which still sucks until we at least get the solid fix. Okay, so welcome back hello, everyone, um uh. How can i find your educational videos can't find part seven and forward part? Seven, i think, there's a part.
Seven um, but it might end at part seven, that's probably why i think it ends at part. Seven. Thank you ar appreciate that uh vacation was good. I just went camping, went up to silver lake sand dunes.
So then i drove my truck onto the sand and did that whole shindig. It was fun uh, but it was a good little family vacation. So i will say that i haven't had the appropriate time to again look at stocks this morning, because we're too busy trying to figure out why we can't stream anyways the stock atr. This is on a move um.
Maybe the way that that's getting bought up in that dip is pretty good that could suggest the stock is going to continue moving higher today um. For the time being, it looks like it's done, it's overnight correction back down into support areas, so it makes sense that it's kind of bouncing right now. Let me give you the more detailed analysis, and that is that it's probably below resistance right now, so i will show you so you can see. The move has gone all the way up, you're starting to get a bearish pullback as the stock.
Well, the stock actually got over, but nonetheless you're starting to see the stock have a bearish move as the stock atr has ran all the way up into what we would call the plus one deviation resistance. That's on the 180 day four hour chart. Not only do we have resistance at 180 day 4 hour, but if you look at the daily chart you will also see that the markets ran into the daily chart regression resistance here. So yesterday, if i was able to get online and talk to you guys yesterday, we would have given you a price target on atr up to uh 1727., so we weren't online, but that's okay, we're here today so uh today, we're kind of looking.
I still think we're going to see a bearish day, i'm not totally sold that we're still moving bullish. I kind of well for one i already knew there was going to be a bearish move overnight, most likely because we hit resistance. The second is: do we actually continue to go into more of a pullback corrective move, or is the momentum still on the bull side that i don't know so that being said, the price target yesterday for atr was back up to 17 and like 13 cents or So as well as the daily chart level, so today it's a matter of atr going above those two red lines and sustaining above those two red lines. You will see that we just pulled back to those red lines and now we're selling off. You will see right here that the market snapped down right at that red line. All right, you will see the markets came to here, and then they bounce a tread here here here. So you can see that the market is having significant interaction, right mark it down to red line, bounce holding red line down through the red line down back to you so for atr to continue moving bullishly on the day or to see some bigger rip. You're gon na need the price action of atr to increase back through pretty much 17.50.
So the current resistance on the day that could lead to a breakout is going to be 17.50, i'm ater, ah once really um. So the only time i really ever find myself. Looking at a three-year chart is if the price action of a stock is above the daily chart and the four-row chart three or four standard deviation level. So generally only time, i'm looking back that far is to get more data, slash trend.
So again, the only time i'm ever going back. That far is, if my daily chart and 180 day chart have kind of surpassed resistance levels to the point where you can't find any on those time frames so you're, subject to going back to longer time frames. Let's see okay, so netflix, i know you talked about netflix um. The analysis was within the week and a half time you're going to see it drop.
You can see netflix's drop so pretty much. We started talking about netflix on like here. We said it had a little bit more to go up, but it was ultimately gon na roll down and start going bearish. So pretty much that analysis held true um right where that was last week.
So last week let's say: well, we know what day it was. So, let's see um so last week here one two, three four, so one two three four five, six seven! So within a week's time we've seen it come down. The analysis was in a week and a half to two weeks. You should see that pull back off that move up, that's pretty much it so you're in the pullback.
This will continue to be bearish as long as the markets continue to be bearish. Your current support level is at uh. Sorry, your current support level for netflix is we're already slightly below it, but it's at a price of 544.43. So, on a break down below this level, we should see this market fall more and that will end up taking the price.
Well yeah. It's kind of interesting, probably already tagged it there. Yesterday, yeah i mean i would imagine once you break 584, you just need to move down to 578 on netflix um, so yeah pretty much you're looking for the markets to stay bearish for that move to continue being bearish. And yes, i kind of feel like that's. Gon na happen, ah, the stock life started moving yesterday, one of those really annoying movers. So yes, that's the analysis there on netflix uh. Thank you by yeah, there's uh, there's, there's gon na be some more update. The last things that i was just updating in there were things on level, two um, the latter, and then i think i still to update the time and sales video, but that was the last thing i was updating in there, but thank you.
I do appreciate that. Um, jane janex, janix, no love tv has mentioned that the stock life life is overbought, but it's a good gamble. If you wait for the market open and when it's up trend, et cetera, et cetera, i would pretty much agree with what jane no love there has mentioned, and that is that the stock life is in fact overbought. The price levels that it's at right now will pretty much guarantee you a loss on a swing trade and what we mean by that is the price you see now will not hold in the future.
Most likely the price will come below that um. So on a swing trade sort of setup - yes, you probably go red uh day trading perspective or sorry day, trading uh perspective. I guess it still works um, so edward yeah life, that's pretty! That's pretty much the analysis you're going to want to stay on the long side for now, because momentum is still on an uptrend, but once that uptrend breaks then you're going to be cautious, because it's very very overbought. So it has a lot of room down that it can come, but for now i would probably have to stay on the long side, because yesterday was the first day.
This is only the second day, so i'm optimistic, you can still see some long bias movement uh! Mr montero uh, by the way good call on the spy friday going to 452, then pull back absolutely no prob lemo um. Yesterday, our recommendation for the market was that the nasdaq was going to go down to uh three that pretty much our our recommendation yesterday on the nasdaq was that the market was going to come down to pretty much that red line right there. I know it seems like oh yeah yeah, but no yeah, i mean really. Yesterday we pretty much said markets.
Bearish downside target was 370 450., so hold on one second um, hmm, that doesn't help ah give me one sec, guys yeah, so anyways um. We had the markets down to about 350 yesterday, uh so i'll show you why so the reason that we bounced here at 350 right if you're looking at this chart right, if you were looking at this chart, you would be like i mean but like why, like You know markets are selling down they're, so bearish yesterday like why, all of a sudden does the nasdaq just randomly pick 350ish to bounce yesterday, like what's the purpose, well go to one year one day. Ah, that makes sense. If you look down, you will see that there is a trend line literally right there. Well now it's actually at 373, 373.70 um or sorry. 373.. Oh yeah. Sorry, three, seven! Three! Seven! Yesterday the line was up at about 370 450..
So yesterday, if you would have looked at this time frame, this white trend line would have been exactly where the market bottomed yesterday. So when the market opened yesterday the move was bearish. We were coming below the nine-day moving average. I just assumed that the markets were pulling back to their next support level, which would be at 374.50 so currently, on the day with the nasdaq.
Your support is at 373.74, so as soon as the markets start to slip below 370. Whatever i just said 373.74, that's where the markets would continue to kind of get bearish, so part of me, part of me, wants to say this was the bottom part of me definitely feels we're supposed to go a little lower off this top um. So i will just go ahead and say that, of course i don't know everything that's gon na happen. I myself don't think yesterday was the bottom.
I kind of think we're gon na go down to the price of 371.91. So nonetheless, i'm kind of waiting hanging out in terms of like a dip buy sort of scenario into the market. I would probably be waiting until you get down to about 3.72 could be wrong. We could be bottoming from yesterday um, but we're below trend.
I think the markets are going to try to remain bearish a little bit. That being said, i don't want to confuse people too much uh, but if we look at the spy, the spy didn't really touch support. Yesterday, um yeah, so uh again the spy didn't actually touch support. Yesterday, the um the nasdaq did right.
If we look at the nasdaq, the nasdaq touched support around that 370 450. So then, the nasdaq bounced, the nasdaq bouncing, is what caused the spy to bounce ready. So watch this: if we look at the time - and i don't - i don't want to say that the reason the spy balance is because of nasdaq bounce - that is actually 100 completely inaccurate. It's really just a quick way of explaining kind of what happened in the market without going down a big ass, rabbit, hole right, it's kind of like well, i don't have a kid, but for the parents out there, i'm probably sure this would probably be the case.
It's like when your kid asks you why and you're just like, because i said so that's why i'm not going to give you the explanation of well. You got to put your seatbelt on because the seat belt's going to keep you from going to the window. You don't need to go down the rabbit hole every single time. Your kid asks you why you just know that it's in their best interest so again.
In reality, the reason the spy bounce is not because the nasdaq bounced, but it's a very easy way for me to get through what i need to discuss with zero complication. So that being said for simple purposes, the spy bounced here yesterday, because the nasdaq bounced right so as soon as the other major index in the market found support on the day and people were willing to buy it um. It caused the other major index to see support, so this is always a situation. This is a situation we've been in like the last three times the market's dipped. Prior to this i can't actually remember, but i don't think we've been in this situation. What situation is that the situation i'm describing is where we have a pullback in the market and, generally speaking when the markets pull back, i follow the spy and i follow the nasdaq um. Other people follow different things and that's fine, but for me it's usually nasdaq and spy uh. Last three times we've had a market pull back.
We have seen the spy or the nasdaq approach or get to a support. First, before the other index that could have been slightly confusing, sometimes the spy will reach support first, sometimes the nasdaq will reach support. First. This always causes me confusion, because sometimes one index finding support can actually lead to the other index bottoming.
Okay, so you're like i'm, not quite ready to buy the spy because it's not on support well, the nasdaq finds support the nasdaq starts to run and then the spy bounces without actually truly finding. What i would say is support, which is trend, then there's situations where you're like oh the nasdaq found support spy's gon na bottom, but then the nasdaq breaks and then the spy actually runs down to its support level. When the spy hits its support level, then the nasdaq bounces and the nasdaq's not actually on resistance. So that's a confusing thing.
I run into from time to time. It's currently happening right now, so my assumption was that the nasdaq has actually just touched. Its first potential support level to bottom on, but i don't think it wants to support that one. I think it wants to support the next one down.
So, even though we look like we bottomed yesterday and we are off support on the nasdaq, i do believe we're more likely to continue selling down to the next support level, on the nasdaq and or to the next support level on the spy. I think it's hard for us to be extremely long, biased to market prematurely, because we have two indexes just in general, the markets are falling, only one of them is on support and it's its first support, whereas the other one major one s, p, 500, isn't even On support, so i think giving this a little bit more time to come down, isn't a bad thought and there really is no risk involved with just being patient and seeing this comes down a little bit more to a lower risk buying zone. So that being said, i do believe you'll see the s p 500 uh very well down to 441 dollars. Does it go there? I have no idea, but if it does go there, which there's a good chance it does then that's the spot that i would look to at a long play on the s. P. 500. Okay, let me sip some coffee here: hmm uh cpi data comes out at 8 30 a.m. This morning, we'll determine which direction we go today, um yeah, potentially yeah daniel, christopher uh.
The end is near. I wouldn't doubt that um tesla holding up wow interesting so uh. Let's take a look here: sp y is on a pretty big bounce here, well kind of working. I don't want to say big bounce, but yeah i mean it's.
It's up looks like our cpi. Data has come out, probably suggests inflation. Let's see u.s equity futures flat. I had a cpi data 830 um.
Okay, that doesn't do me any good, so it still hasn't come out here, at least on my end, all right, cpi, month over month, expecting 0.4 actual 0.3 cpi core month over month, expecting 0.3 actual 0.1 cpi year-over-year expecting 5.3 actual 5.35 cpi core year-over-year, expecting 4.2 Actual four interesting, so that would be sort of the first time we've seen, i would say, inflation numbers kind of decrease a little bit recently um, but i mean cpi year over year, expecting 5.3. We been told for, like the past couple years that the fed has targeted a two percent inflation rate, so that would basically be like this entire time. We've been told two percent, but really it's 5.3. Now good old bait and switch got ta love.
It got to love it so anyways yeah mark it's up. Let's go which mind you it could be, could very well be what causes this little bottom. So again, right now, when you think about it, the market went to support yesterday at 3 50 and we're holding up and, as we start to come back up right, the objective would now be to cross through significant price action levels which realistically, we kind of don't Have all that much of so yeah for uh the queues? I would say it's something like this: you want to see the nasdaq on the bull side, get back over the price of 377.65 and gain control of that. So until the markets are really over it's 377.65, they still can hit resistance here and kind of pull back some um, but nonetheless i would, i would basically say you're looking for a move to this level 377s and then up and over for the nasdaq.
At this point, so cpi numbers aren't bad month over month, but it still basically says we have inflation. Nonetheless, hmm. Thank you joy. I appreciate that yeah i mean not not.
Is it not the bad all right, um, bbig, sprc, all right, um yeah. Let's take a look at uh bbig, we'll take a look at hold on one. Second, i want to pop on this all right, atr still kind of sliding a little bit i mean everything you look at is probably up right now, because the market's popped. So that's pretty much a no-brainer down so yeah i mean i expect bbig to probably continue a little bit lower um. Oh sorry, yeah! So i expect bbig to go lower, maybe looking down to like 850 or so um. Yeah 850 is 790 somewhere in that area. Is not bad yeah, i mean if you see um, you know bbig down to like this price zone. Today, that's probably the the area where you'd be.
You know more long bias than just an fyi, so no great play for me there on bbig other than probably watching it more on the bare side. Sprt really doesn't appear to be a long bias move uh. Actually you know what maybe let me double check. Uh sprt does not have a bullish divergence on the four-hour chart, which probably makes it very unlikely it does on the daily chart.
It does not on the daily chart. We already came down to here and bounced once this would be the double bottom bounds. Probably don't expect it to yeah, i'm gon na say that this is uh not gon na amount to much, but if it does you're gon na have to break up and above that price point i mean look at that watch. This ready hold on.
Excuse me so like look at this line right zoom in zoom in zoom, in look at where the uh, the orange line's at right. It's like right there at the price of 1988, look at where the pre-market high is today so again, the reason we went to that price. The reason the pre-market high is where it's at is because this morning the market was re-testing resistance. Resistance was that deviation level at deviation levels at 1988.
So until you get a big move, you're not going to get a big gigantic move until you break out of that price of 20. Basically on uh sprt um, you know be it or uh. Uh ocg is not a bad one to look at what's going to happen with sprt and the merger honestly, i don't even know that they're having a merger to be completely honest, but what's going to happen um, i don't really know who they're merging with, but ideally What's going to happen, is they're going to merge and that's it what's going to happen, the price of stock honestly have no idea. Typically, if it's a buyout, there's going to be a big jump in the price at whatever the predetermined bio prices.
But i don't really know exactly what the deal is there um yeah ocgn. We can take a peek at here um. So yesterday this had a good move, went to resistance. Now your objective is to see if you can break resistance.
So i'm not really optimistic that. That's going to happen, but let's see so again if we zoom in right hold on one second so like this is going up yesterday, you're like oh, my gosh: where is it going to go to? Where is it going to go to? Let me just show you so we'll just put a line there for resistance like where is it going to go to? Is it going to go to? And then you look at the four hour chart like? Oh, it makes perfect sense because it just pretty much went straight up to the regression trend, which yesterday wasn't actually here. It was more like where this line was at, but to put it simply yesterday the market on ocg and was targeting back to its regression trend on its four-hour chart. So if you're looking to trade - or you know, be invested in this company in the current market, you see there will not be a big breakout move until the price gets over 8.76 now otherwise, you're going to see more bearish movement to dip trading, so uh pretty Straightforward, if we do get a breakout play through the four hour regression level, which is around 877, then let me rephrase that a successful breakout of 877 would lead to a stretch or a run or a move or a price target projection of 1033.. So 1033, is your current max long target expectations within the market of ocgn today tomorrow next couple days, it really doesn't matter so your price projection right now for ocgn, two months from now, until the stock breaks out of that price that we just mentioned, or that Level or that trend three years from now, if ocg has not broken its four-hour regression trend, then the price target is still the daily chart. Regression trend: okay, if five weeks from now we're below the regression trend on the four hour and we're about to break out the target is still the daily chart regression trend, it may not be a price of 1097, it could be 12, it could be 15. It could be 13., it could be something different. I have no idea, but the target is always going to be the same, whether it be tomorrow, three weeks from now or five years from now, until something changes.
So for now the breakout play over 8.7 price target is uh, 10 30.. So for one, can that even happen today, uh yeah, that could that could almost happen. So you see how the top red line is. Only you see how the top red line is actually slightly below the purple line, so that tells me that if we broke out of this red line, we could almost reach the second red line without going too far above plus three deviations.
Second, you see how the trend is up, not the price of the stock, but literally the trend lines they're going upwards. So that means that the current market of ocgn is actually uptrending. So it's going to be easier for the current intraday trend to obviously go up because we're up trending and any little bit of upwards movement on ocgn, for when the market opens. That is going to create that trend to increase.
So right now the blue line on the top is below the red line. If that open ocgn moves up a little bit in a little bit, whatever, we will most likely see the blue line, increase to the red line and or exceed higher than the red line, which then allows for the intraday ocgn market to move to the price of The highest red line on the chart - okay, it's like being it's like being in a room, think about a dog in a room, but instead of him being in the room, he's placed right in the middle of the room inside a cage. He cannot hit the exterior walls or he cannot reach the walls in the room because he's confined within the space of his cage. Now, if, throughout the day by some magical means, his cage is like a living organism and it actually grows on its own by the end of the day, the dog's cage will grow to the point where it reaches the perimeter of the room. And now the dog is capable of touching the walls within the room. Currently, the dog's cage only reaches ten dollars to hit the perimeter of the room. The dog's cage needs to increase to 10 36 right now. The dog's cage will not because it just won't, but throughout the day his cage might in fact increase and be able to hit that price.
Okay, very good. So if the walls are coated with peanut butter, then you know for shell: we break in resistance baby. He gon na lick right through it. So uh.
Let's cover amc, really quickly: okay, um! So yeah! I don't! I don't really know. I don't know what to tell you. I don't know what to do anymore with amc um. I don't think you wan na be bearishest.
I still think you wan na be on the bull side uh, so i think you continue to watch amc long bias. We have broken out of the regression trend, i want to say we pulled back to it or close to it yesterday. No, i don't think we did, but nonetheless yeah. So i think you want to be long, biased, amc overall at this point but um.
Actually let me let me double check before i speak too soon, so we broke above that previous high. So that's good on the rs all right so for now, uh the dip support on amc is at 49.92 um. The current resistance of the market is at 52, so we have a channel uh kind of wait. What that makes no sense.
I didn't populate gotcha, okay, so pretty much 52's resistance, 50 support, so kind of thinking. Actually now i'm looking at this a little more hmm part of me feels amc is actually going to sell off down to 50 before it would continue on the long. I could very well be wrong about that like very easily but anyways. I still think.
Overall, you want to be long, biases, stock kind of feeling slightly confused about today, because we're not coming off a lot of volatility, we're more or less coming off kind of a sideways day off a half deviation. So i'm just not sure if this run wants to continue in the immediate or if it's going to try to dip down to support. First, the markets are up. Trending support is all the way below trend, so that would be pretty hard.
So, first thing all right: it's usually path of least resistance. So would you want to go down to 50 first, or would you want to at least temp the 52 first? I think there's going to be some sort of attempt to break out 52 first, because i think it's the path of least resistance, um. What i mean by that is, if we wanted to go to one of the two red lines again today, the path of least resistance to first get to one of those red lines would theoretically be 52, as opposed to 51., so yeah. What i would do is i would look for anything that gives you confidence for control over 52 to be long or rejection, bearish short off 52. Then i would be long biased for a reversal bounce trade on the day at 51., 50.. So 51 is the bounce slash reversal zone 52. Is your breakout to rejection short play price on the day? I have no idea what's going to happen, but it's going to happen at those two price points so for what it's worth, uh greg c it um, not that i don't. We've just been having a ton of issues even getting onto youtube first.
So the fact that you're, seeing this beautiful face online that online today uh it is it's actually, you should probably go kiss your family and tell them you love them, because literally the world might actually be ending today. That's how important it is that i'm even online. So the fact that we don't have a watch list is a very little concern to me at the point, but i will bring that back um, but it's just of getting online again to the point we're officially streaming. So when we get to that point, then we'll worry about adding all these little goodies and features to make things all pretty and cool, but there's no point of doing all that work if you can't even be online so that will come back in the future.
All right, um, yeah, okay, cool, yeah, bbig, still kind of creeping up. You know, i wonder if they're gon na run you to resistance first, then down that's also another, because there is something i didn't mention here and that's only because because it gets confusing it literally, is it's very hard for me to do analysis. Like oh look at this and look at that and look at this and look at that and look at this and look at that - i mean by the time you get done saying all that it's like. What's your analysis encompasses so much that you can't even be wrong right? So it's like yes, there's a half deviation here in this and i mean but geez, oh peace.
I mean i could do more in-depth analysis. That's the thing is during the day. I understand it, but if i give you too much, it's just going to be way too much to follow. Probably but like, for example, look at here we go all right, vbig, look at where the price of this blue line's at you see that blue line that blue line cool that blue line comes in at like 960..
Okay, go back to the one minute chart you're going to see the market broke down in about 9.60, so this was the support going from yesterday. Until today they broke it down they're bouncing back trying to reclaim it. This is a part of the analysis on bbig that i didn't mention. Why? Because i didn't really think it was going to happen right, but if it happened during the day - and i see it, then i know what's happening you might not, but i do but it's hard for me to tell you to watch seven different things on one stock.
For one day, the analysis becomes so big that it's like. What do you do so again? I guess a better way of putting it is. I will always give breakout and reversal points, and that's all you're gon na have to know so pretty much reversal. Dip support for bbig today would be down at these prices. Basically, if you see bbig fall into the price zone of 850 to 790, there's going to be a bounce somewhere in that price. If we zoom in a little closer, you look at this blue line. You see that nine day moving average right there and then just below you have a half deviation. I'm pretty sure this is exactly where the market bottomed today, so the market bottomed on the half deviation price ready watch me go in one minute, um or maybe not.
Maybe it was on the four hour: half deviation. Okay, it was the four hour half deviation, which comes into play at like 9 35.. We actually went below it by a little bit, but you will see that we kind of dipped below 9 35 and got bought up. So this is kind of funky didn't respect it perfectly um.
So we've bounced a half deviation price back literally. This is, this is what it looks like you bounced on a half deviation back to plus four. If the market can hold below plus four, then we're going to move back down below 3.5 and then we're gon na target down to negative negative two. That's basically the way that this chart is reading, we're at negative four right now, moving below 936 would be below negative 3.5 from negative 3.5.
We could probably move to negative 2 to negative 3 negative 2 negative 2.5 area. So yes, the price you're at right now is the breakout. This is the price where you would need to regain control of the bare selling to force and move upwards. Otherwise the market will stay in the downtrend and probably swing down to the bounce, slash reversal zone.
So what that means is the price down here. This is where me, and now all of you would be looking to buy long on a reversal. Okay, that same price point is the price point that anybody who is short, let's say today, would love to cover their position on a downside move so that price point we're looking at is a price point. Shorts want to cover and people want to buy long.
That's the buy point. That's also the cover point. That's that's it all right. So if bbig is going to have any sort of good bullish move, it really needs to stay above 956.
Okay, uh! No! I don't use market profile. Must've went for a power, walk um. One second guys hmm um yeah. We could take a look at atr, really quickly, um.
So pretty much. My assumption is bearish. I've been bearish. I have been bearish atr uh since yesterday, when it got to this price.
Once it got here, i was bearish to stock. I'm pretty much anticipating that it would either pull back immediately. It doesn't matter. This is just a selling zone, so i figured we should be bearish, so you should probably just expect atr is going to be bearish today, um, so i mean i can keep talking about it, but pretty much bearish. Maybe the market fills a gap. We don't have trending support on the market for ater until it gets down to the price of 11.73 to 11.73. So at this point pretty much, i think the markets are trying to pull back, maybe go for a gap fill i'm i'm really not too positive. How far the decrease is going to be um, let me just double check.
Actually, why isn't it? Well, that's all the way down 14 19. So that doesn't make any sense. I should be seeing that on my chart, but i'm not maybe it's only when the mark. No that doesn't make sense it's supposed to be current right now.
Hmm, i want to figure that out anyways uh there's a gap on the market with atr that is down at uh um i mean there's a double gap that doesn't make sense. That's confusing pretty much gap filled down to 1327, so very possible the market's trying to do that. The current intraday support, i think um for atr, is here at 1611., so pretty much for atr to get bullish again. You need to get up and through the prices of 1748, your breakout is at 17.48, there's currently a bull flag, taking place on ater.
Okay, you can see this look it up. Turning down breaks above you kind of have that of like a bull flag taking place. Just below the resistance slash, this is support right. If this is trend line support, we break below it.
Theoretically, it's resistance, so we could be seeing a market maker, slash accumulation below this level, looking to squeeze it back up and above at the open. My assumption is that we would be bearish because it just makes sense to be bearish here, since we hit resistance. This is also a wall street bets meme stock pump play those are crazy because you just have a bunch of people that are just buying it. Willy nilly, so i think you still watch the stock long bias, but on a day like today, you have to be optimistic that a bearish move can still continue, because this would be sort of the first day after we sold off of resistance.
So something i am watching for is for ater to move back up to the price of 1750. So i'm looking for atr, oh yeah duh. I already said that what am i thinking? Uh yeah, so i'm looking for atr to move back to 1750 and unless it can't, if it can't get over that, then it's just gon na. I think it's gon na fall apart and you're gon na see a decrease on the day.
So yeah that's pretty much. It there uh bbig is up and through that price we talked about, but i don't trust it. I still think it's gon na sell down myself uh bitcoin yeah. We can talk about bitcoin a little bit so bitcoin bitcoin bitcoin uh, i mean i mean bitcoin - is doing uh.
I mean bitcoins doing everything it i mean. Obviously, whatever happens on the price means it was supposed to happen. So i will always say it's doing everything. It's supposed to be doing, but um i mean yeah, it's it's.
It's bouncing pretty much off the level that we said everyone was supposed to buy the other day, um pretty much it yeah. So so you bounce support. You open the nine-day moving average um squeezes. In effect, i mean yeah you're, only you're only really bearish bitcoin at this point on a break down below the regression trend. That's pretty much it right. I mean you're you're supposed to be long, biased off this trend and you're only supposed to be. Let me rephrase that you were supposed to be bearish bitcoin up here in these prices price target right, if you're short on this top, if you're short here, if you were short here, your target, just i'm going to confuse people, just know that if you were bearish Up here towards any of these highs, your first price target down to cover or to close your short play or just a potential target, was that white trend line so the other day when bitcoin flash crashed down to that level. That was the price target.
Everybody short wanted to go to that's where he recommended you were supposed to buy so again. On the same day, it bounces back up whatever couple thousand and then it fades back down, touches that same exact support level, and now it double bottom, so you're off a double bottom bounce. Now so, you've already missed the entry off support you're trying to run into continuation. The the problem with trying to go with continuation is if there isn't continuation, then you're, just you're just selling back off right.
It sucks so uh anyways yeah, that's pretty much it. If you wanted to be long bitcoin, you were supposed to be buying it here or here that that that would be my recommendation on a bitcoin. Long was you're supposed to buy here and you're supposed to buy here, and my money is where my mouth is, because, literally on that day right there i was trying to buy bitcoin. I was just unable systems didn't allow me so uh.
Now, on a bitcoin i mean that's, that's pretty much just set. You missed the support dip. I still kind of think this might sell down we'll see um but anyways right now in order to see a big move on bitcoin uh, the next big play or the next big move on bitcoin uh is going to take place in probably in the form. I would imagine bitcoin is going to do something like a bull flag or some sort of consolidation within this period.
Um that's going to lead to what looks like a flag pattern. Maybe that then breaks above the daily chart regression trend, and once we break the regression trend, we will see bitcoin attacking back to all-time highs. So i do have a price target of bitcoin back to the all-time highs, but we're just nowhere near any sort of market structure that would put bitcoin at all-time highs. So i do have price targets bitcoin back to all-time highs, but the current market structure of bitcoin does not really suggest that it's going to go to all-time highs right now, so we got to give it more time. Let it set up and then once it actually appears to be breaking through the daily chart regression trend. At that point, will we give a uh? We will give a bitcoin target of all-time highs more accurately, okay, uh! Yes, we went over ocgm. We did go over that now. We did go over amc as well here today.
Uh yeah life is wait. Why does that look so odd? Oh, it's! A 30 minute chart that ah yeah! So let's see it's nice about the break on 12., okay, um alexander! I'm sorry that i don't have uh, you know, sort of time stamps for you guys on amc but um uh yeah, i mean life is still moving, pretty good, uh pre-market. I again don't really um. I i mean yeah, i'm just fine.
It's no. I mean it's moving great yeah. That's it's awesome yeah, as we mentioned stay long, i'm not long on it. That's pretty straightforward! Generally speaking, i don't uh, i usually don't trade stocks on the long side as frequently uh once they've gone over specific levels, just because just become just because, just because uh, because just it's more high risk um and i'm just not as good at it to say The least is when i don't have you know basically, when i don't have a map to follow, it just becomes hard, and i just generally avoid it so um you just you just don't normally see me involve myself with parabolic movers once they've broken um specific levels, Because the risk and so on so forth, so i don't like it sometimes i trade it.
Sometimes i don't, but i got to be very confident on it. Um so anyways yep, mystic, t y mystic, t y four indicators, multiple trend lines. Multiple m is bruh. I would imagine this is your first time tuning into the stream uh.
If you stay with this. Well, you long story short. If you stay with her for a couple days, your mind's gon na change, we've had many many many many people join our stream and basically talk about what we have on screen and then, when they see us call the stock market actually from day to day they're. Like i'm sorry bro, so please just hang out with us for a day or two before criticizing or criticize it's a free world.
I can't make anybody do anything but again. Yes, there are a lot of trend lines. There are a lot of indicators, but as soon as you know, exactly what you're doing and what you're looking at it works nice good job, saba, shabba, shabba shabba. You have four indicators, bro and yeah.
How many t-shirts do you have in your house bro? What's the purpose of four t-shirts, you have one, it works completely fine. Sometimes you want other things to look at. You want other things to wear. I don't i don't worry about.
What's in your drawer or what's on your screen, geez hard feelings, tough crowd, tough crowd! Uh so anyways, aside from all the joking um, probably gon na, have some attention on ater today. If at i mean yeah, i think it's gon na be bearish. I don't actually you know what now i think about it. I don't actually think they're gon na allow us to take action on the bare side, slash short side with uh ater. Unfortunately, atr can't short it figures. Um ocgn got ta double check that one oh cgn, but why are you selling off? There's no point self energy. Just thank you for turning me on to the standard dev been three weeks agreed. I would never not use it he's hit five for five yesterday.
Thank you. So self energy had one hundred percent trading accuracy after using our proven system and strategy. Just follow our proven system and strategy, and you too can become a profitable trader. Doesn't that sound good? No, no! No! Just watch the youtube streams.
Practice practice practice use a couple of the tools that we've recommended - probably put you in line with the market a little better and then from there. If you would like to go and follow along with tim, sykes millionaire trader eight week boot camp program, then by all means do so, but after you spend a little time here, you'll pretty much see there is zero point in doing that. We do have shirts for sale, two shirts to the moon and then our white boy room trading one. I know everyone's been asking me to get that done for so long, but i can honestly tell you i am.
I am just too busy, i'm just too busy. These days, so, oh, that's, probably not working so yeah, we can't can't short uh. What's it called, unfortunately, um you can't short atr, which it's fine, it doesn't really matter. At the end of the day, it's not a big deal.
What is a reliable strategy during inflation? Uh ace, i have zero idea and i don't really anything anybody's gon na tell you anything um, basically with inflation, you're trying to beat inflation as you've always been so pretty much putting your money anywhere that you believe the return is going to beat that of inflation. That, therefore, you don't lose money. You just retain your current buying power so that 20 years from now after inflation's been 5, the money you have will afford you the same amount of stuff. You could have bought 20 years ago, so you actually didn't make any more.
You can just buy the same amount of goods and services with the dollar and or currency - that's being used at that time. So if inflation is running at five percent, you need to find somewhere where it's going to generate a five percent return, so you're not losing any money which could be very hard to do um at times yeah. For me, i have no idea. I mean everyone.
Talks put them in defensive stocks, put it into gold, put it into bitcoin, i mean put it into real estate, because inflation goes up asset prices to go up. So a lot of what you read will basically tell you to make sure you have money invested into hard assets during times of inflation, because those are gon na go up. So if you have your money tied into a hard asset, inflation goes up and inflation runs at five percent. For ten years, that means prices have gone up fifty percent over the past ten years, your home value should have gone up. Fifty percent over the past ten years, so, if you took all your money put in a home and the home went up with inflation, then you wouldn't have lost on your money. You'd just retain the same amount of buying power over the course of those 10 years trading clips is not streaming. Yes, you're, correct, um! Yes, i'm just not even going to answer, not that i don't want to jesse. It's just uh your your pro.
Your answers will be solved in due time or wait. Your your problems regarding the streams on trading clips will be solved. Um yeah, i mean it's. Definitely, it's definitely frustrating when you wake up and you try to do your job every day and you can't do your job and then you basically have to fix stupid problems all day it does.
It definitely does become a little bit frustrating for sure. Uh yeah, i mean, i know, i know somebody's had mentioned something about fcel just a little bit ago. I know it's moving on earnings and it's been moving and you're like. Oh, you should have been watching it sooner.
Yeah doesn't even really bother me. I really could care less stocks, move up and down all day long, so there's always going to be something to watch the fact that it's moving again, it's really it doesn't matter um. The only thing that really matters is how far up is it gon na go before it pulls back, and i will tell you that and as of right now i don't know but - and i still don't know - i have no idea - this could actually go quite a Oh wait that one's closer, so yeah i mean right now max target would be 6.79. I find it hard to believe it would even run to 679 right now.
Um. No, i mean there's really no information for me regarding cpi, because everything regarding the cpi numbers, i mean there's. Definitely people that are far more educated on the topic. They can give you the ins and outs on on the subject.
So there's really there's really no information. For me, the only information you get from me is pretty much everything we've already known and anything, that's very, very simple. So there's really nothing beneficial about the cpi. Um! There's nothing beneficial about my opinion on the cpa.
That's actually going to give you any sort of actionable steps to take doing anything. So probably don't want to get that info from me um. You know you'll probably want to seek elsewhere, but it really all comes down to the same thing. If inflation's really bad, then you need your money somewhere, where you can protect yourself against inflation, that's pretty much it and the reality is, is inflation? Numbers are not true, they never are and they never will be until they start counting it correctly.
So the inflation numbers you see are um an illusion sort of to a degree uh huh uh circan palatol. No. I really can't explain that because i mean i i just can't um. We don't have the time. Unfortunately, uh no price targets for life life has already exceeded its um logical price targets, so you've entered into a euphoric market, so you're trading more on euphoria hype and momentum. When that's the case, i generally don't give price targets, because it's too hard to gauge what people are willing to do with their own money in euphoric markets um. So that's something i leave to them so again. No, i usually don't give price targets for euphoric markets.
I usually just give you the end game, which is the market will fall apart back down below it's it's so pretty much. If you swing trade right now and you hold on life, you're gon na lose that that's what i do when we're into euphoric markets, so that that is always the answer. Once we've entered the euphoria, if you don't own it before euphoria, you're at high risk to start owning, it is usually the way i go on that which i know isn't as fun as other people telling you it's going to go to five dollars. Gon na go to thirty dollars or whatever that's fine, it can go there.
All i'm telling you is you need to own it before euphoria, you're in euphoria, right now, um yeah, that's about it! I didn't really. I wasn't even really trading yesterday or working. So i didn't really know life was moving yesterday, myself uh, mr montero. I do see your comments, but your comments are ones that i'm not answering because they're a bunch of long answers, so those are things that i'm not going to be spending.
My time all morning answering, but i do like you, i do like i appreciate you all right, so we're gon na pop over here to roku um, so roku again, one that we've been following. It's basically on support today, so there is a good chance. You're gon na see a bounce from roku um still really haven't. I mean life is gon na have momentum.
Today i mean it's a no-brainer we're gon na follow life, we're gon na watch atr. I think fcel will be interesting to watch. I don't think it's going to have a bullish move right away out of the gates, but i think fcl should be one that is watched today. Uh, i see yeah so smile direct.
This is a stock that sold off recently down to negative one deviations, and then jeremy from the financial education channel bought this, and then they pumped this stock on their millennial market finance channel. So this was a stock that was purchased by a very well-known uh stock market educational channel, with pretty much millions of lots of lots of views. So it was probably pumped through there and then it was pumped through the millennial money channel, with graham staffren meet kevin and andrew jakai jaikai. So four very prominent faces on the financial side of youtube were pumping this stock uh indirectly uh the other day.
So there is momentum. I would probably continue following that long, but again, just remember that this market has essentially gotten pumped up to a degree right now. The news does say that smile direct club option alerts for september 24th, uh seven dollar call sweeps near the ass blah blah blah blah blah blah blah blah. Nonetheless, it appears that you're, probably gon na see resistance at seven. .
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