What's going on guys welcome back to your morning market, rundown video on the qqq and the spy um? I don't want to make this video too confusing, but just know that every level that you see kind of presented on this chart they're all potential possibilities. Some are more likely to happen than others, and what have you right, like levels that are closer to the price like the price is right here right, so levels that are closer to the price are more likely to happen right. That probability is pretty high right as opposed to levels that are way far away or much further away. You know, starting on the day, those obviously are going to be harder to get to, so those probabilities are going to be lower right.

That's the kind of concept so when looking at the qqq for today, the way it kind of reads is yesterday we are having resistance right in this spot right. Then we drop below our support by a little bit. I don't want to go too far into that, but anyways it goes up. We break back up and over the resistance, we're holding above trending up trending up, and then we snap down and create a downtrend right there.

Well debatable bigger downtrend below that point, but um we do have a lower high now, okay, so the way i see it is we have some some probability levels all about right here which is going to line up just below the pre-market low. So for me, i wouldn't be opposed to seeing this drop down a little more, maybe to here go for a long, maybe even a little lower than go for a long. I like that idea, our next target up on the market for the qs right now is 406.97. I can't say that's gon na happen today, but i just know that, in terms of the markets going upwards and breaking up, that's a price point we're going to try to target to now whether or not that happens today.

It's tomorrow, it happens. First, two hours of market open again, i can't say that i just know that, on the way up, that is going to be our next target. We try to go for and once we achieve that target of 406 97, as it is right now, in a day's time, it could be 407.25, but for now it's 406.97 and when we get there, we will then sell well, some will short. Some will probably sell to lock in profit on a long.

I would imagine so that's the next target up so we'll see if it gets there today where's the next couple days, don't really know, but one thing i do know is that before we can get to 406 97, something is going to have to happen, so we At least have that and that's on the spy, the spy so moving over here, um we're going to look at the spy, and so when we were looking at the cues, you would see that we don't really have any lines up until that 406 97. But when you see or when you look here on the sp y, you can see we have we're on a line. We have a line here and a line here so just know that we're in resistance and or slight congestion area, if you may, on the spy, which can very well result in you know, potential consolidation grind for a second some kind of sideways consolidation. Potentially, we can even pull back out of this zone for a little bit and use the qqq support levels as our bounce i'll talk about that in a second, so just know that we want to see the markets higher.

That would be awesome. We all want to see the markets higher. I kind of think we're going to continue to go higher a little bit here throughout these coming weeks. It might not be so explosive as we've just been seeing, but nonetheless i think we're going to be seeing these markets continue to try to try to grind out and so making sense of that.

I see that the spy is in a congestion, slash resistance zone. We can go higher only if the spy goes over this, like what price is that? So if the spy gets over 480 like 25 right here, then we can see the markets breaking out more on the qs and on the spy. But as it stands, i won't be any more bullish the market than the price of 480 30 as of right now so say, market opens, and this rips up that's going to be my long target to start the day, and only if we go past it and Pull back and hold above it good. Well, then, i consider like maybe adding a dip or expecting the markets to go higher in that direction in the immediate okay.

Now, if the spy does not maintain this weekly price, which it's kind of struggling, arguably you might say right now right if it does not maintain this weekly price of 479.16, and we don't push out to this top level of 480 like 25, then i expect we Will see a slight pullback to start the day in which it's going to be the qs, maybe leading the way on that and dropping out to about 401 54, arguably debatably back down to 452 and then bouncing and working its way up on the day, i could See that so just note in the event, the queues roll over somehow dip i'll, pretty much just be watching long into this 401, 50s to 452s, 437s and up okay. And what will what would give me the a sum or the assumption? What would give me the idea that that move is happening? Is the spy falling below its weekly level here at 479.18. So as long as the spy remains above this level, which we just broke out, we're pulling back two. So this is a dip long.

Trade off support all right, so this is actually an area where you could be considering getting long right to hold over the weekly and you stop out if it starts to close and hold two like week below the weekly. That's a tongue twister! So as long as spy is remaining over this weekly i'll just kind of be hanging out, but if we start to get some weakness below it, it looks like it's going to roll a bit. Arguably, do like a little snap short then look to be long. The market um also yeah in the event the market were to like run down and then come back up on the day.

You would just be targeting back up to the deviations that it broke down, which in this case, would just be that weekly and anyways. So that's a lot of outcomes. Let's make it more simple, so we're still long the market, we're just going to be looking for dip, buys all right have a good one. Love you.

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