What's going on guys welcome back to the channel, appreciate you guys tuning in we're gon na get ready to pretty much run through the market, so i think everybody's pretty aware that yesterday the the market had a good run to the upside um. So here we are. This morning, and what's going on so pretty much uh, what happened from yesterday? We're going to kind of just go through a couple like of these examples, maybe from yesterday into today, but it would pretty much be market breaks up pulls back holds, breakout holds breakout moves up to the next level, finds resistance down. Not enough.

Marker goes back up. Breaks over pulls back on a very small time frame for, like momentum, trading pushes up then fades out by after hours, from more of like a bigger retest, maybe like a swing re-test, if you may holds pull back so this hold, and this hold theoretically the same Thing as this just obviously different scale looks different different levels, different prices, but it's the same thing right. Market breaks over pulls back pulls back, goes um, but same thing. Here we go mark it up, pull back, go, pull back, go, pull back again, try and go again, so we have essentially tested this one two three times at least this area trying to move higher.

Okay, so think back to when we were here when we did pull back, hold, pull back hold, go to the next level. All right so think about where we're at now pull back, hold, pull back, hold, pull back, hold go, go, go next level! Let me repeat that, so we're all good break over re-test go to the next level break over re-test go to well not this one pull back go to, maybe not that one, but that's the next level up so as long as market maintains higher highs. Well, that's a higher low but uh higher highs, higher highs, higher lows sort of deal um, we don't start trending too bearishly, then the target on the upside, for me, probably max right now is 452.42. Okay, support is obviously 448.08 right now so for now the market is within this trading zone.

Okay or another way that i like to think of it is the market is currently trying to do this cycle from here to here yesterday, cycle completed from this zone. To this zone, we've entered the new one. Do we complete this cycle, move within this zone to 452 today? Okay, so that's kind of the objective for me is on the long side - probably not looking anything higher than 452 42 for right now and really the main reason why i like that as a max target up today, um at least to start - is because this is The four hour time frame, not that because of the four hour, but just in general, if you think about where the market broke, all that previous price action level and snapped, it was all about right here, right which lines up with our 452 54 level. So the 452 54 level here is ideally the price point that will be used um as sort of resistance if the market stops here right.

So for me, looking at the market here, i would like the 452 54 price on the long side or maybe even a little short, or it might end up being like a small top today too. So for now i'm just going to kind of watch markets up to there probably um there might even be an intraday short there. Just kind of depends on everything's moving the market, but nonetheless um. You know that's kind of the way i see it.

So imagine for a second, if we just um, i'm just going to remove this, i'm just going to remove all that stuff and hit apply. So imagine for a second. If we didn't have that level there. You know somebody on youtube.

Um, probably is gon na say all right guys we broke down here. So you know this was a support, but we broke it so now this could be a resistance right. Like that's what they're saying right. We've broke support so now it could be a resistance totally.

True, so they're looking left grabbing prices from candlesticks and going okay like we had a good amount of interaction. Maybe the candles kind of bodies are here and so we'll put a line there and you know maybe it tagged a little bit. You know in here, and so we're gon na put some lines here, all right, nothing wrong with it. I just have a slightly different approach and pretty much you know.

That would just be excuse me to use a statistical system. If you may, that would tell me we have statistical probability levels at 452. 54.. So i know that the market cannot be anymore, but it can keep going up.

Yes, it can keep going up 100 percent. Anything can do anything it wants. We just know that if we break the market down into like chunks right like these small little goals, right just like yourself, you have a workout goal. You might have.

A trading goal might be hard to get it all in one day right. The market could maybe go all the way back to all-time highs, but probably not today, so breaking the market down almost into these little mini goals, and many chunks can sometimes help, and so for me, one of those mini chunks and many goals would be from here To here yesterday, one of them was from here to here and then the day before one second the day before, and i could switch this time frame, we can get more data, but then the day before one was from here to there right and then the day Before that one was from or not even the day before that same day realistically one was from here to here so you'll see that the market, basically just moves in blocks to a degree. Okay, see i mean you, can you all we'll do it over? So we go from here to this box to this box and then we eventually break and just goes from this box to that box. Okay and eventually we break - and it goes from here to about there and then we break - and we have yet to get to the top one - we're still kind of dabbling.

But do we get up to the 452., so ideally the markets just kind of move in boxes? You know not really, but but you know, i'm just putting the visuals there so um that to me is right now sort of one of the short term objectives of maybe the market today is do we or do we not completely get the top side of that? Little box in goal for the day, or is the market getting ahead of itself? We don't want this, and all of these attempts of breaking out here and holding dips are going to fail right. So all of these buyers are they not strong enough to keep the market going and we eventually roll back down to retest support which then dips under - and you know things like that. So those are all the probabilities that i'm thinking of, because the markets are not guaranteed right. Everything is still really just a guess.

At the end of the day, some things you could say are guaranteed, but it's just a bunch of probabilities. So having those plans in the hat and ideas ahead of time can can dramatically help so anyways um, that's how the market's situated and so on the long side, really nothing more than that. 452. 42.

In my opinion, right now on the downside, we probably would be targeting back to 448.08 right now, which would just be the pre-market supports after our supports um, not because it's the pre-marketer after our support, but because that's where the true statistical levels are at and that's What created pre-markets and after hour support? So let's say somehow: market does not continue up to get to our target on the upside and the bullish movement ends up failing. We would then probably look down to here. You could probably take along off this level. First attempt usually first attempt supports kind of hold decent, then in the event it actually would broke down.

If it was maintaining below, then you would be bearish. So, for example, you see how the market broke over pulled back then went theoretically. You could see a similar play here on the downside right. If we went all the way down, broke down, pulled back, went so again, all totally possible sure.

Definitely so um all those things can happen. Yes, but at the end of the day the reality is from the past couple days of trading. We are in an up trending market higher highs, higher lows: higher highs, higher lows things like that, so we are up trending uh, so for now i wouldn't really expect anything other than a dip. I wouldn't be like breakdown short right.

I would only be bearish down to 448 and then after we get trading action and we see what bullish traders do in these areas, then i could only debate being more bearish right so nonetheless, today i will probably watch markets no more bullish in 450 252. So i won't be willing to call the market up any higher than 452 42 today and to start the day, i won't be willing to put it down any further than about 448. Those levels might change a little bit, but as a rule of thumb they should be pretty close um and then i'm sure there'll be more game plans to figure out after any of those events even happen, so their probabilities. Those things could probably happen.

I can't say they will or won't, but just adapting the market at hand and making sure you're aware of potential outcomes. Alright, you guys have a great day.