Good morning, guys welcome back to your morning video i'm trying to make this too many times already so russia, there's news, fomc, that's happening bunch of catalysts that are happening. Um doesn't even really matter the catalyst at the end of the day. Um. All the catalysts do is just add additional volatility to the market um and you know, make traders and investors maybe be more irrational at times creating more volatility.

So again, the headlines don't actually matter all that matters are the price levels that the market has mapped out for you and the computers and algorithms will trade around those areas. So, basically the way it sits is the spy isn't really bullish because you're not over four. Four: eight four, four: seven fourteen okay um, the cues they're, basically in defense mode, trying to hold this like three five, three six level, but as soon as they go below that. Theoretically, a new downtrend can be starting and you're, probably going to want to add short on the first pullback to retest the three five three five, three, five, three six price on the nasdaq all right.

So i don't want to confuse you. I know i talk about a lot of different things that can happen and that's because i get very granular on the market, as you can see so pretty much. The way it sits is we were going up, we broke above and unless the market can hold above these levels, we can go back under so now we're starting lower highs. We just kind of broke some levels down there and you're coming into this level, which we broke up here, so basically below pull back up bearish off of okay.

That can be a trade. You know if you're getting very granular um but as a whole. The markets are not really bullish until the spy is above four, four, eight, two, nine four, four seven fourteen until the nasdaq is actually holding above three five, five, five one and three five, three, seven, three, five, three five right. So, instead of pointing arrows and giving you a bunch of numbers for those that are just watching you're, not really that bullish for your next move right next move in the market really can't be bullish till above that next move for the market's not really bullish.

Until above that, right then, like all the books say, buy low, sell, high, buy low, sell high. But if you don't know where a swing low swing high can be within a cycle, then you'll find yourself maybe buying high selling into a pullback. Damn it right, but anyways so mark is not really above. That mark are not really bullish till above that all right now.

What are some possibilities for dip buys on the way down for the market in the event that it does end up holding? Well, the nasdaq is on it right now, three, five, three: five: okay, the bulls don't hold below they stop out, and maybe we create a lower high off that trend down all right, um. Four, four: three: twenty spy dipped by today. I can see some defense there trying to hold it up, but if they don't magically hold that then they're gon na probably drop it out. We're gon na fill the gap.

All right, um, say things get really ugly today and they snap a little further. Then you could see, maybe a dip buy off three five: zero, nine three right. So the reality of the situation is there's a million different ways to trade and, however, you want to approach the markets um fine by me uh. But for me i pretty much just view all of these as the algorithmic levels where computers are focusing around.

So you know someone might be looking at this pattern right, they're like oh. I got a pattern here. I'm not even i mean like yeah, i'm seeing it, but i'm not trading up because that's breaking up, that's not even not even remotely close. I'm not looking at this wedge pattern going.

Oh, we got a wedge and i'm going to trade that out because it's a wedge, not even nope, so i just know that that's a computer level, that's a computer level. That's a computer level! That's a computer level! That's a computer level! Hence why it stopped pretty much on a dime there. That's a computer level um, that's a computer level. What no well yeah, but no not what i was thinking anyways.

So since those to me are algorithm computerized levels, that markets are probably um watching, uh retail, not as much then um. That's where i focus my attention mostly, so i could already see doing a reversal along here. Um right, let's say market goes below, holds below and then sells off all day down to here, there's probably going to be a little intraday bounce there i could trade um so could already plan right now. You know five hours ahead of time, potentially for a bounce off 350 93.

um right now. It could already be planning for a short trade. So if we snap this down, then i can get short off that level when we bounce back into it. First attempt that could be a first attempt to break back up, go short right and then just let's just draw on the screen right, like so higher lows.

You know some whatever and then up right. Imagine if it goes below and that's kind of like a downtrend right and for one you know if there's yesterday right, like that's kind of like a breaking up sort of maybe pattern, you know i think retail could have identified that and just in general right. You know people could be buying into there um and most people were probably buying around here - to maybe there - probably not here and probably not there. So therefore, most those people buying in that move are right, now, probably going underwater getting a little panicky.

So another thing to keep in mind is you: have a gap fill on the spy here boom, so pretty much break below previous price levels here from yesterday and uh deviation levels that exist right there then gap fills totally in the in the cards today and then, After you get done watching my video make sure to go check out paul asmar on youtube, he has very similar um analysis, uh different, but very similar in terms of price destinations and areas in which we see markets um probably want to interact with um. So he is maybe another good resource for you guys on the internet, so anyways uh have a great day. Hope you guys trade well today other than that yeah! That's it love. You guys have a good one!.

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