Everybody welcome back to the channel in today's video we're going to discuss whether the market is ready to rebound tomorrow or sell off tomorrow. I'm also going to be answering some of you guys. Questions like we always do here on this channel now before we begin again. Do not forget to annihilate the like button on your way in and also don't forget to click on the subscribe button.

Along with that notification bell that way, you don't miss out on these videos. So, let's begin: let's get started right off the bat um for those of y'all watched this morning's videos. My my drawing is still on the chart and it wasn't it didn't. Do it didn't go that high? It didn't quite get to 44.45, but it did pull off that move and immediately collapsed later on today.

The spy did that for sure i was not surprised at all, and this thing is going to just chill sideways for for not too long um. My stand is lit a little bit, bearish all right and here here's why? If you go on the, if you go on the four hour, you can clearly see that it's just trading is in the zone right here, it's very, very choppy in the middle. Nobody likes it longs, don't like it, shorts, don't like it, and what i'm seeing right now is that i think it's going to just trickle down here and collapse as soon as it breaks through 4300. It's going to get even lower now something else that y'all want to definitely like watch for tomorrow.

Um is the nasdaq. Let's check out nasdaq, really quick, let's see how that is looking now with the nasdaq, it's also doing the same exact thing, but but if we zoom into the one hour there you go there's this thing going on right here there is this thing going on. This is a descending triangle. It's going to just chill in here overnight and then at the open.

The the market is gon na have to make a decision, whether it breaks out to the upside or whether there is a massive candle down like that. That just immediately collapse, alright, so just watch for that move. I am leaning bearish, because this is a bearish structure and the volume is not that convincing. It's really really, nuts, all right and just a daily in general, it's still in bearish territory, i'm not! This is not a place where i will tell you how to go and heavy to the long side.

I don't think the market is ready, yet i'm just not convinced. So that's my thoughts on the overall market now um. I do want to share stuff that you should keep on your watches for tomorrow, though um. Let's look at, let's go over here.

That stock is etsy all right and the reason the reason why i want to share etsy with y'all. Once again, i shared it with y'all way back here and they just get falling and falling and falling um. It's because of this. If you go on the the one hour yeah, if you go on the one hour time frame and resume in over here, this may or may not be a bear trap.

I don't think it's a bear trap because i'm still bearish on the market. I think the market is still going to fall, but there is a bearish pennant on the chart that actually broke down like this afternoon in the last hour right over here, all right so, depending on what the market does depending on what the market does, there could Be an opportunity on etsy, i think um. If, if the market opens much lower like at like positive zero points, fifty percent or less or just at zero percent flat xe will open up at like 136 and immediately start to collapse. It has a room at the bottom, all the way down to like 125 dollars all right as long as like it may do its own individual thing or if the market is really really bullish and a lot of money starts flowing in the market.

For some reason, then it may pop up and get above 144 and then continue towards 160. But i don't think that's going to happen. I'm leaning bearish on etsy so definitely watch that one for a move down and there are some gaps in the chart that needs to be filled still, even though, even though it's been brutally beaten down for so for so so so long right, they still got room. They still got just a little bit of room.

The next level of support is at 110 all right and with the way the mark is going with the way we're slowly making that way down. I wouldn't be surprised to see it collapse. All right so definitely watch this one for tomorrow now um another stock. Let's talk about, let's talk about another stock.

Somebody asked about this one. Somebody asked in the comment section about amazon. What is going on with amazon amazon collapsed tremendously and right now it's just chopping. It's chopping, there is no sense of direction.

As you can see, they try to make a move back above 2 900, but it's just not having that every time it tries to make it move back, it gets sold upon the next one. The next one could be devastating. I think i think the next one again like i said, i'm bearish on the overall market, and i do look at all of these structures. Um.

All of these stocks i mean like amazon and the large cap stock, like microsoft, and all that, if it opens lower below 2775, these individuals who bought the dip at 2700 will get taken out, and if that happens, then the next low is at 2600. I think all right it could it could go lower the possibility of us going lower in this market. Is there it's very, very presence, and you don't want to be ignorant to that. So that's my very honest opinion on amazon.

The other stock that i've just mentioned was apple, all right and apple apple, had earnings and apple the majority of the time apple crushes earnings. It does all right the reaction. The reaction matches the fact that the crush earnings about not all the time, not all the time but most of the time, so this right here after a bearish structure, this happened on microsoft as well in that last burning. So i'm not surprised to see apple react.

The same way keep in mind that there is that neckline at 170. Let me change this thing to the one hour, so there's that neckline at 170 and the market is still sauce. So, what's going to happen tomorrow, i think i think that we're going to actually tap 170 and then the market is just going to drag it down. So, let's say in the scenario that we open up higher.

Let's say that nasdaq opened up at like 1.5 percent right. If that happens, then apple would be up a little bit to 170 and then from there, if it doesn't hold, which i i highly doubt we'll see we'll see, but i don't think it will hold. I think it would get to 170 and then everything would just fall and it would just start making a slow, slow fade, all the way back down towards 165 and in next week next week that that that is the topic for another video right. But that's that's.

What i'm, seeing with apple all right now, another stuff that we're going to talk about in today's video we got to address afrm and afrm this one right here, very, very tempting. It looks so clean until it doesn't and when it does it shirts get all over. This thing um, so this move does not surprise me at all this collapse right there. This structure was not clean and then immediately there was a follow through after hours, they did announce a partnership with um.

They did announce that they will partner with visa in the future, for some, oh for his debit cards, so that that is something in the works. Now. How will the stock the stock reacted positively to it? Now? Will this stay up here? All right? Will it just recover immediately, i'm not too sure, i'm not too sure again, it's kind of like in the chopper zone in here so we'll see what it does all right. So we'll just have to give this one some time to get out of here and to make his decision it's.

It already got beaten out for so so long and it doesn't have too much room to the downside like the lowest. I can see this thing going is like 40 bucks before we start making it turn around. So that's my very honest opinion on this stock, and that is the end of the video again. Do not forget to annihilate the like button for the youtube algorithm as always helps channel a lot and a lot more people to get this knowledge as well.

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