Everybody welcome back to the channel, so the market sell-off is intensifying at the moment in today's video we're going to be breaking down. What exactly is going on with the charts? I'm also going to be sharing with you awesome stock that you should be definitely keeping on your watch list for tomorrow and for the next few days. All right now before we begin, do not forget to annihilate the like button on your way in, and also forget to click on the subscribe button. Along with that notification bell that way, you don't miss out on these uploads, so, let's, let's get right into it.

So, with the spy right now last week i was, i was waiting for this thing to actually to actually get above the previous level right here at 4 600. But i gave you also a warning about the right shoulder being relatively small compared to the left shoulder, and by that i mean look at the left, shoulder right here and then look at that right, shoulder was was a little too small. It was looking kind of suspect and then it started to sell off right. It started to sell off and then um consolidation throughout thursday and friday of last week, and then the gap down um today and right now it got below this previous level of support of 4400.

The markets are not looking too good. Really, not it's not looking too good. How long is it going to last? I think, and also i heard the cpi data is tomorrow too, and the expectations for march are obviously terrible um. The numbers are supposed to be, i think, like above 8.2 or 8.3 um.

I think the stick did maybe a little higher, even and if it ends up being like nine, for example, like nine percent um, that could be like it could flush down all the way down to like 4300. I can see spike going that low, especially like after taking out this previous level and not showing any signs of like a rebound. So this is pretty much how the spy is. Looking, let's check out the nasdaq and the nasdaq, the nasdaq is a bit easier to interpret the last.

I got something really really clean going on here, all right. So what what i'm personally looking for is for a drop overnight all the way down towards like 13 650 before we potentially bounce into friday, so um today is like it. This week is a short week. Um the market closes.

The market is closed on the 15th. So i think that we will see something that looks like that drop. First, all the way down followed by a move into here and then what's gon na happen over the weekend that that i would tell you to be careful that that i would tell you to be really really careful, because the thing about this potential inverse head and Shoulders which may happen is that if the right shoulder fails, we're going straight down and we're not even going down here we're going like straight down to like 12 000. If it fails all right, but right now, we'll see what it does, but we'll we'll see what it does so definitely watch the nasdaq for a continuation lower.

Obviously, with the um cpi data coming out tomorrow, now the first stock that you should be keeping in your watch list next stock is uh upst um this one. It depends on how you want to approach it all right. It depends on how you want to approach it. If you look at me here on the four hour, actually that's the two hour: let's look at the four, so this is the four hour right here and there's a bearish spin.

It on the chart over here broke down along with the spy on um. You know, after that, right shoulder failed right. That's when pretty much this thing started breaking down. A lot of the sticks actually started to break down as well, and right now, she's slowly going.

There's this level of support right there, which i don't think is going to hold and if the the numbers from the cpi data is in the terrible and the reaction matches the numbers, meaning a terrible reaction like a massive sell-off tomorrow, then watch this thing for a Drop all the way down to to around like 80 bucks. Before we see a bounce like before, we see a rapid bounce, so it depends on how you want to play it. You can just chill and wait, but i just think to get that low before you see that ferocious bounce or you can day trade or scalp if you're into that uh, we don't scalp uh if you yeah. So if you're into that, you can just do that.

On the way down and then try to like day trade on the way back up and the reason why i say 80 is because on the it's because of the daily right, so we got this gap right there, which has yet to be filled and 90 of All gaps get filled at some points in time right, so the gap is there it's below 80 um, all the way down to 60. Even so so you never know you never know like right now. The trend is just bearish, so we'll see how tomorrow is. We may see a giant red candle like that's happening.

We may see that so don't be surprised if you see it okay, so that's that's the first one that i want to share with y'all in this video, the next one. The next one is for a very, very simple reason. So we got, we got tesla right here, all right now, with tesla a tesla did something that was that that it wasn't supposed to do all right and what i mean by that is on the one hour. If you look at the one hour you zoom out, you can see that tesla actually had a full flag right here and then i think they announced their delivery numbers on that day.

I think this was yeah over that weekend, so they announced it. There was a little bit of a push, but usually in my experience, this is supposed to actually go much higher, but when it does like when it goes kind of like halfway just drops, that's that's an indication of a massive self coming in and the timing of That was also um in. It was also synced with the with the nasdaq. So this one was it provided a shortened opportunity for sure from 1100 all the way down right now it's low, and there is a very simple reason why i want to share this video.

If you look at it right here, you can clearly see that there is a bearish pennant that broke down like into the clothes right there and if you look at what's happening after hours, it's not looking too great, it's really really not. So i think i personally think that it's going to drop all the way down to 935, maybe 930. Before we see a bounce on this one um again, it could go lower it it could. It could like if you look at the dailies now.

Look it's a great um. This is this: it's a gravestone doji right there and there's some room at the bottom, all the way down to 900 right. So there's a lot of room. There's a lot of room for this thing to fall, so tomorrow will be a very interesting day for sure, so definitely be ready for that.

So that's tesla and the last one that i want to share with all of you is also for the same reason as tesla that one is smh an smh. This is a etf for the semiconductors, and this thing also broke down the floor broke down into the clothes as well, and i definitely think that it's going to go all the way down to like 235, maybe lower, we'll see we'll see. So that's that's the three stuff that you have to be keeping in your washes. I'm gon na answer somebody's question.

Just one question: somebody put down um afd all right now, with amd amd, had a selloff to 95. I think it can go a little bit lower before it bounces. There is this there. Is this bear flag on here um eighty dollars.

Eighty dollars would be shocking for a lot of people like i don't think people expect it to go that low. Looking at it. I don't think a lot of people expect it to even go to like 70 right, so it will be very shocking to see amd drop really really fast, but be careful all right. So i it looks bearish.

I would definitely say that it looks bearish um watch. It for a move down to like 93 bucks, and then there will be a bounce either a retest of that thing right there all right and then the following week will be very, very interesting whether it traps greedy short sellers or it continues all the way down. Until earnings, they don't even know when the earnings is about to be announced, that's why there is that um interrogation point right there. It says the 26, but until it looks like this, it's not concrete, like it's not really really set.

So we'll see what happens. So. That's that's the stuff that i wanted to share with all of you, 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 i'll ask more people to get this knowledge.

As well also, if you are new to the channel - and you haven't done so already - definitely - click on subscribe and click on the notification bell, along with all notifications. That way, you don't miss out on future uploads. Alright, thank you all for watching this video and i will see all of you in the next one. You.

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