Good morning, everybody happy monday welcome back to your monday morning, market update, so i'm just gon na show you guys uh this picture really quickly here. So this is a picture i posted last week right. You can see next week long target arrows, so follow the one here on the spy, so you can see next week long target yellow arrow pointing up to 472.45 alright. So when we look at the spy this morning, you will see that the spy has made it to that big, dotted white line, which is priced now at 470 to 60., so it's increased slightly since then, but nonetheless we have.

We have met that target right. So if we were to go back look here, you can see next week target spy, weekly and daily 472.45 and then next week long will only work when the cues pass all this resistance. So there's a lot of resistance on the cues that we're at 396 and 398. We can only see 472 on the spy if the qs get through that resistance.

When we go look at the cues, you will see that the q's made it through. All of that resistance, you see, we got through the daily. We got to the weekly and we're even up into the four hours, so the q's surpassed their resistance spy made it to its target this week. So now the way that the market the market is sitting is kind of like this.

In order for the market to continue going higher, the spy needs to break this level, so we're looking for the spy to break its long-term weekly mean today, and if we can do it with successful volume and break cleanly, then yes, we can continue seeing the markets Move higher, so, if that's to all happen, we will then look for a target on the spy up to the prices of for now. What is that 477.? So next long target up will be 477 on a clean break of the weekly level and up and through the all-time high on the spy and on the qqq. Our next targets up are going to be all the way to 409.81 um, and that is pretty much it yeah, so uh next long targets up on the qs are going to be all the way to 409 so about a 10 point stretch. But for now arguably may not happen that seems kind of kind of crazy, but maybe we'll um and then the spy's next target up is going to be, as we mentioned before, that uh 477.

So to me it seems more logical to try to get to the spy target first, as opposed to the qqq target. Q's 10 spy is only like five um, so i would go for the spy target today next couple days more so as opposed to maybe the qqq target, because it just seems like a little easier to to get and be obtainable. So again, that's pretty much all you have to watch for uh the markets on the long side, um now the bear side. Let's talk about that, let's say for whatever reason: the market does not actually break the mean today, something happens.

Trading gets a little funky. Well to me, we can't go any higher in the market unless we get over this 470 260. So with that being said, it does not surpass here gets all shitty and shaky. Then we can see the market pull back.

All the way to here wait hold on right there boom. We could see that 100 kind of seems like it won't happen, but hey just in case so markets don't break out markets, get bad, don't work well, and we actually get sort of a pullback scenario. Then yeah we could see a pullback all the way down to 468.67 and i myself would not even be for a second confused or even think that that's bad. I think that would be beautiful.

I would love to see the market pull all the way down to 468.67 for a dip buy before going to all-time highs. That would be even better. We'll see how excited the market is all right guys with that being said, i will see you on the next video.