What's going on guys welcome back to your morning, video appreciate you guys tuning in with me today, so we're going to get ready to jump through the spine, the nasdaq as we normally do, uh. So if you remember from yesterday, we had talked about you know. This 432 price 433 may have been about 434 at the time, but it was that gray line, but nonetheless you can see markets pretty much stayed below that 432 434 price. We had talked about the market, maybe moving up a little bit into there, but then being met with some selling pressure.

As you can see, we were definitely met with some selling pressure. We have swooped all the way back down. Now we have swooped all the way down and we have gone below the 422.04 price on the spy, which is your negative to weekly deviation. So, therefore, the market will not be seeing any bullish movement, probably today, unless it was actually back and above 4 22..

So, for the time being, you can pretty much expect that there is no bullish activity, that's going to happen in the market unless the market was actually up and above sustaining over 422 because well, that's just that's just it okay! So if you look at the way the market is currently situated all right. Your next big long term, level, down on the spy, is about 4 11 97. There are some more levels there, but based on the time frame, we're looking at for now. The next big level dial is going to be about 4.

11. 4. 12.. Okay, now i'm going to pop this over to the nasdaq all right.

When we look at the nasdaq you'll see the nasdaq went down yesterday same as the spy, but where did the nasdaq bottom, the nasdaq bottomed at its long term level? So let me bring up the spy really quickly, so you see how the spy went down and it got really close to that gray level there not quite, and it ended up bottoming uh spy bottom about 414. All right, then you go look at the nasdaq. You will see the nasdaq ran right into some support down at uh. You know basically like that 321 price 320, which is that long-term grade level so just pointing out that the nasdaq ran into some support late day yesterday actually was like pre-market this morning.

It's this right here, so if you look at the screen on the left that level right there is this level right. So this long term level on the right is the same as this price point right here and there's more to it all right. So now that you know that this means that the market's not going to be seeing any more bearish momentum until the markets actually get below this low, we can go bearish down to it, but the big snap can only happen as we start to get below that Low and that that long term level on the spy, so to put it simply, uh pretty much markets are moving down. You might as well suggest they're going back down to 320 46.

Okay. So what i want to do now is: i want to go into the nasdaq we're going to look at a 30-day one-minute chart and i'll do this justice all right, so look at where the nasdaq bounced here, the nasdaq bounced at 3. 20. 39.

You see that blue dotted level there. That is a negative three deviation six months chart, so that was a high probability bounce level. All right. If we go to the spy, it's the same thing, i'm pretty sure, or it was on the es yeah.

So the spy same thing you see that blue line right there, so that is a negative three deviation on a six month. Time frame interval, long story, short, that's a high probability, bounce area and actually, while we're here, i'm going to uh bring you into uh our chat for like a half second randomized scroll. All the way up. This is something i posted uh this morning.

So, look at this uh this post here perfect six month, neg three bounce this morning, es and now at uh into some resistance. So this morning what time was that that was uh 7 21 this morning, so this morning, at 7 20. you can see. I did a snapshot in our chat room and said: hey guys, look negative 3 deviation bounce.

This is on the es, so this is showing you that, regardless, if you're looking at the spy or regardless, if you're, looking at the futures market, it's all pretty much the same thing: slight differences, but mainly the same thing. So you can see es negative 3 deviation. Bounce and then up into to these green levels, so look at where the blue level's at this is the futures right. Look where the futures are at blue level and look where the green levels are at futures all right, perfect six month, negative three bounce on the es now into some resistance.

Now pull this back and look at the spy. All right blue line green lines now into resistance back down, so the way that you kind of think about this is yesterday. This is what we were trying to hold intraday down. That's a re-test of that breakdown.

This was an immediate continuation move. So that's a lot of times something you'll see, you'll, see it break, do a quick pull back and immediate move away, and then you get a bigger retest later on so anyways. The story here is that we're probably gon na sell down, and - and this is you know, this - is the really the last line of defense um before some really really ugly can happen, and the reason i say that is because if we were to look at say 180 day, four hour chart all right. Yes, so 180 day four hour chart right.

This is where the last big bounce happened. Okay, that's where the last big bounce happened so sliding through that it's going to be another kind of panic, move um. So it's definitely definitely looking a little shaky out there. It has been looking a little shaky um.

I i remember when we were trading up in here. I ditched out. You know like 50 000 in equities and i went into some golds and silvers and started buying some more gold and silver. At the time it seemed like an irrational move.

Hindsight 2020, it might have been the right decision right, but anyways doesn't really matter uh. The story here is, you know, you could very well see prices three hundred and nine dollars on 309. He really connor possible, but it's probable yeah, so anyways um, you really don't want to be taking out these deviations in these lows from uh from yesterday in pre-market. I mean, obviously everybody knows that um, but you know don't be surprised if you see prices down to like 310s 313s on the nasdaq and uh call it um 400 on on the spy granted.

It might not necessarily do that today um, but the trend is still down. Things are still down. Everything doesn't just go straight down forever, but um. You know it's we're not on a good trajectory also just because you guys remember, let me bring it up.

It's going to take me a second: it's on twitter apologize, oh, but before we do that, i only bring up twitter over here before we get all the way. Look at my puppy look at this little guy. Look at that little chipper! I can't zoom in darn. It but he's a little happy champ.

Oh there you go boom, that's what you call a cute little guy he's the only thing uh keeping a sane in this world before we all lose a bunch of money in the market. When this thing all goes belly up. All right so we're in my profile here right all right, so i'm going to scroll all the way down until i find it there's so much stuff in here, she's, open, sorry guys! Here we go all right. This is to remind you not to forget about the ghostwick transaction that took place at 364.68 on the spy.

I posted this just a few weeks ago to remind everyone that these are prices, that we could very well see in the stock market this year, so and also if we go to 364, that's probably where i might consider the dead cat bounce to be. So if this was a really bad mark itself, although while we go to 364 there's a good chance, you're gon na see a uh good chance, we'll see a dead cat bounce in that area. Okay, so uh! That is your morning, video for today, 1588 tweets. It's a lot of tweets, we'll probably be at uh.

You know by the time we get to 20 000 tweets, we'll probably still have 1 300 followers. I love you guys, um be safe out there. Everything is uh gon na be okay, it'll, be all right with that being said, i'll catch, you guys in the next video take care.