What's going on guys, everybody welcome back to another live stream, so what we're talking about today is going to be spce. So if you guys have not had the time to jump on and look at the market here today, spc stock has really been uh. I mean it's ripped, it had a really big gap up, and this is all on the news of a successful space flight. So if you go through the news section here on thinkorswim - or you know, google internet anywhere you'll find it, but so far the moose is pretty darn good virginia galactic shares soar after the company completed its first space flight.

Now, as you know, they've been working on this for quite some time. So let's go ahead and just pop this onto the full screen here come on. You can do it. You can work yeah, buddy there you go.

I just want to shrink that there we go so uh big gap up right. We saw sbce jump from 21 to almost 29 a share, so this is definitely going to be one of the main stocks that i watched today and really. The reason is the volatility uh good morning, nancy uh happy to have you so again. First thing: we're gon na watch today, spce, it's good news, big gap up, there's a gap to fill in the downside.

So this is where i believe we're going to be seeing some volatility today. So the way i see it is a couple outcomes we can see moves all the way back down to as low as 22 dollars to anywhere from really 23.50 to 22.40. So kind of thinking we're going to dip down and try to come closer to support levels before we bounce so right now going to be watching for maybe some retracements down to 23.50 to 22.55 and then being slightly more long bias in those in those bottoms. Okay and never satisfied, you are right.

There are a lot of shorts, a lot of people that have been short, biased the stock, so can be very interesting. I think now. Obviously we have this bottom that's been put in here pre-market. I don't think that was on any particular level.

Let me just double check: um! That's 28! No! No yeah! No! So for right! Now only because i know there's some support down here that we haven't quite reached, i'm going to stay on the bare side until until i'm pretty much wrong, so until we're actually kind of breaking above this pre-market top and consolidation in this area. I don't think i'm going to really be too long, biased, okay. I know we have support down at 23.50 and into the 2250s, and i feel like that's kind of where the market's going to try to target now in the event that i'm wrong. The next move up, i would imagine, would be back to about 27.47 or maybe 28.39 yeah, so we have slight targets on spce back up right to the pre-market high, so we're in the middle of pre-market, high resistance and essentially support on the day.

So the way i'm playing it is following price action in trying to target back to either pre-market high or down to the support levels into the 2350 or 20 2250.. Okay, pltr yeah we'll take a peek at it right now, because you mentioned it, that's interesting! So you're above previous day high here, that's interesting through consolidation that could have more long bias movement. I think yeah and it's been all steady buying. So if you look at the volume on spce over the course of past week and a half or so a lot of it's been buying volume, you know even the past couple days.

It looks like we've: we've had some pretty solid, buying volume there and then, with today you have the news breaking over the previous high from friday. Granted it is over three deviations intraday, but that's also because we've been in such a tight range. So typically, we would go ah we're over three deviations on the day, maybe we're not long biased, but the reason that we can probably excuse me the reason we could continue through three deviations is because we've just been in uh. We've really been in like sideways consolidation.

Right couple days we've been in sideways consolidation. Therefore, the range of the markets become smaller. Excuse me yeah when you go through consolidation, the range and the market becomes smaller, and then it actually a lot never mind. I might just be confusing people but anyways.

The range of the market became tight, we're starting to break out of that range, a little bit with the news, um yeah. I think you might see a nice long move from pltr today, so watch that one on the long side that wouldn't be a bad idea. Let me give you some targets too. Hold on that.

Doesn't really do much. Don't really have any good targets for this one, to be honest, yeah this one's a little challenging for me, because i don't really have nearby targets that i would, i think, we're gon na. Actually hit i mean, we've had a really big breakout, you could do it, but it would have to go. Was that four points on the day i mean yeah? If pltr jumped four dollars a share, then it would hit one of my targets, but i just don't see that happening.

Maybe i mean i guess it could, with a real breakout yeah the closest targets i really have are like in the 24s, which i feel like. That would be a very very impressive day. So i don't know it's hard for me to judge this one just because i don't have anything, that's really nearby um, no tight, a tightening range just means that the price could have gone from 20 to 50, then from 50 down to 30, then 30, up to 35, 35 to 32, and so on it doesn't have to wedge. It could be sideways, which this is pretty much sideways.

I mean also it's like a wedge too, but yeah. You can see i'll show you in a five day, chart five day 15 minute and if you look at the five day, 15 minute right, we were going from. You know, call it 1960 to 2160 2160 to 1990, 1990, 221, 21 to 2029, 2029 to 2113 2113. To 2069 2069 to 2122, so you can see, keeps getting smaller and smaller and smaller.

When that happens, that's where you're generally nearing a shift in the in the chart after you've tightened up but a lot of times. It does end up forming into sort of a wedge formation. Yes, all right, we can take a look at m-a-r-a down, okay. Well, it would be better to really look at probably ethereum of bitcoin ooh.

Let's go ethereum yeah this morning i was talking uh uh to some traders in our group about ethereum and i'm like yeah. I think we'll see ethereum this morning back into like 25 or 2500 back into these red lines. So all these red lines that i have here one two three - this was basically the target back up on this bounce for ethereum um for short term movement. I guess you could say still looks pretty solid yeah but yeah one second, okay, cool all right! Um! Did you miss the sbc trade idea? Yes, but we will also go back over it um towards the end, because it is a pretty popular one this today, so yes, m-a-r-a um it again.

Those stocks generally have some unison to bitcoin pricing and ethereum um. I figured that we were gon na do kind of like a little double bottom bounce and ethereum or bitcoin here, which we have um. So your bounce is all your balance on mara or the stock riot are really dependent on um on bitcoin bouncing. So you know this was kind of our first buy zone for bitcoin in this drop to see bullish movement for maybe a reversal long, which we kind of have gotten so far um.

So again, it's really up to bitcoin making a move back up. I think in the short term, yes, we could be looking at a little long bias movement from mara, ethereum and bitcoin um, but it's still a little too soon to say that this is going to be the bottom of a new primary trend or bull market. On bitcoin still a little early for that, because we don't really have much higher lowing, we don't have a ton of formation on the bottom consolidation, basing so we're still just kind of in the very first stages of a sell-off and accumulation of a new asset of The asset, so i think, there's still some time, but in the short term i think you can be a little more long, biased on bitcoin and ethereum for right. Now, all right, let's see uh i n n n dm to 18.

I think nndm could be a good spot for maybe a swing, long grain, it has been down trending and there isn't really a higher low yet yeah. I feel, though, as if this is decreased enough to the point where people are becoming interested in it. You've seen it you've been having actually quite a bit of buying going on in this bottom here. So i think, being on the long side of nndm is, is probably not a bad idea at these prices.

I think it might be a little soon, but not even soon. I just don't see extremely like there's, not like a clear bull flag. You just have one bottom, one little leg up and some candles sideways, but i do think you could uh. You could be at more of a long price than a selling price at this point.

Okay, what else do we sos sos um? No, probably not gon na, do anything with this? It's definitely sold down a lot, but i can't do anything there, s-e-n-s still slightly down-trending, but yeah i mean you can see, though, what's happened since we've sold down into like towards this yellow trend, we've bounced bounced so right now the market on the bull side needs To hold a higher low at 191 with s uh ens sens yeah. So if you hold the higher low at 191, then the market will do something like that. So i think you're going to try and hold about 191 on scns, so u-o-n-e and we're going to be running to about 9 00 a.m. So we won't be on here too much longer, um yeah! I could see you on e.

U o n e continuing its down move on friday. It really fell apart after this big short squeeze um. I was like two seconds from catching that short squeeze and i missed it, and then it fell into a gigantic short broke down some more so, let's see where our resistance, since things are like that, ah you know short price would probably be around 8.63 to there. Yeah, so the selling level for me on uone would be in 870 to 80s.

So if you can get the price of une back into again, 870 880, that's probably where i would look to be. Um look to be bearish and then on the downside, which i don't know, let's see and the downside you don't really yeah downside target on the day would be 7.94, so short levels for me would be eight 90s. 870S. Looking for a swing down to maybe 797 on the day, if you get through 797, i think you're that well that's where it fall apart.

More but yeah, i think you short short towards the pre-market high would be the play right now. Yeah we talked about pltr. That still looks pretty. That definitely looks.

Excuse me pretty solid yeah. I mean it's got good. The formation it has is pretty solid. The news is good um, so not bad.

I like it. I will probably watch that i wasn't actually thinking of watching that earlier uh until somebody mentioned it here, we probably would have came across it at some point, but hadn't seen it yet hmm yeah we could. We could look at amc really quickly. I don't think amc has a big move in it today.

I was actually kind of more long, biased, amc today believe it or not. Um, it's just really a. I mean it's kind of a funky setup. I mean right, you kind of hit resistance.

You dropped out. You tried to bounce here and then it rolled down. I don't see this just selling off a lot and i don't see a really big move. I i really just think you're going to be into kind of some just sideways, boring slower trading uh with amc, but something i mean kind of says you kind of want to be on the long side of it.

I know we just kind of snapped here, but i feel like it's going to reverse back up into like 1290 or something, but really there isn't uh nothing, nothing crazy that i'm seeing with amc or gamestop for today, atos um. Actually that looks pretty good. I actually kind of think that we can continue on the long side. Hmm yeah i've been consolidating sideways for a long time, holding pretty well yeah, so atos up and through 335.

I think you're going to get a breakout on that and then that's when you would look for atos to head higher to yeah um 3 68 and then hopefully all the way up to the 450s. But for right now it's like a 335 breakout to a move up towards like 368 to 411.. I think you can stay on the long side of atos um. I mean i have no idea.

I don't! I don't know why. So many um, you know are keep talking about a short squeeze in amc. I mean they've been able to force another one um. No doubt i mean they definitely forced this squeeze i mean i'm gon na say it was just them but um.

You know they're able to force the squeeze here in amc again, which was pretty impressive at this point. It was looking pretty bearish like it was going to roll down but sure enough. They held another short squeeze um yeah. So we'll talk about a nvs really quickly and then we'll run over sp ce there for last so and bs just a crazy move.

On friday, i traded this like got burned on a short missed. My long i mean i just had a trash day. Um then again i was sick thursday, but regardless of excuses, so went to go long on this candle here like right in the middle of it, and i actually bought a different stock long story short. I had the wrong ticker on my window, so i bought a different stock, didn't buy this stock and then it ripped i'm like well, that's it and that's again: it's was a mistake not to buy it afterwards, but generally.

If i, if i go to get into something - and i don't get the entry that i initially wanted and it starts to go, then i usually just don't even fomo into it at all and just kind of either miss a really great move or just don't deal With it so just really screwed myself over on that one friday today, i figured that there was going to be like a trading range from 69 to 56 and or lower. I don't see this just continuing to rip because of the offering they did could be wrong of course, but for now i believe you have a range to about 69.50 to 56.90 and the reason we have that is because here's a four hour chart blue line here. 69 and then the move on the downside would be this green line, which is actually 60 57 33 and the daily chart blue line here so yeah. I feel the way this is set up is the market's trying to get it back down below 57s.

That's where the bears want the bears want to go below this level. The bulls want to stay above that level and a resistance intraday is at about 69.. So if i was going to be bearish, this i'd want to be more bearish off of 69 unless it was for sure breaking down to the 57 80s. So you can either do a continuation short play to 5780.

If we just continue training down, try to do a long play for back up to resistance short play at resistance, so i'm still debating how i'm going to end up trading. This just kind of depends on how we open and start moving. So that's what we have for and vs and now we'll quickly run through spce. So i want to be long, biased with svce.

Given the news i do um. If we don't break down and go to 2350, then we're gon na watch it more long bias with potential targets as high as 27 to 28.. So pretty much. This would be the long zone for moves back up to this area.

That would be our long zone. Long target and then this would be our long support zone, long support and then right now we are just right in the middle of that all so we're right in the middle of the price action. So this is where people on the short side are trying to go down to here. People on the long side are trying to go up to here and whomever wins.

This kind of battle here in the middle is going to cause a rip either to the upside or the downside, and right now we're kind of more on bullish movement. We kind of have a bull flag, um and we're starting to get back over uh the intraday regression trend, which is a break point in the stock. So it's it's doing. Okay, so far, spce that is um.

I've already blocked them like four or five times so um, not sure. I know it's like. Oh that's cool, so um 80xs. Well, we're going to call it there we're going to hop off stream here at about 9..

That's everything we're covering for the day. You can feel free to join us tomorrow morning. It's gon na be the same thing: quick little 20, 30 minute rundown um but, like i said, watching sbc e um and probably pltr for the day um. So than that guys.

I appreciate you guys tuning in make sure to lick the thumbs up button before you head out the door um and i'll see you guys. The next video take care.