What's going on guys welcome back to the channel, appreciate you guys tuning in getting ready to cover the market, for you guys so first things. First, looking at this screen here, gon na bring it to uh full screen uh, as mentioned yesterday, you are not going to be swinging short this market until this blue moving average crosses this red moving average, similar to how you saw it happen here here or here Now it may not look, you know exactly the same next time around but concept being blue below red blue below red, blue blue red blue, not below red. So you are not swing short. Okay now.

Does that mean you're not going to see a pullback in between no, so we can still see some bearish moves sure, but you just mentally are not going to be optimistic on a swing short bearish move and until minimum you get that blue crossing that red. Okay. So, moving into the next chart the way that the market is sitting this morning, uh pretty much it's the statistical probability on the nasdaq that has created support today. Now that's creating kind of these pre-market lows on the spy and well i mean that's pretty much just it regarding that, so we're going to be looking for primarily long moves, um, not sure if today we're going to break over the previous highs from yesterday.

If we're just going to get a retest and then tomorrow is going to be the move, but right now we definitely won't be swinging bearish or swing short until we get the blue crossing the red moving average as you've seen in the chart previously and on a Day like today, you're not going to be bearish unless the market actually fell and was maintaining below the price of 307.64 on the nasdaq, so pretty much. What you could do here is just mark a level on the nasdaq at 307, 60 and then come over here to the spy and mark a level at 4, 12, 80 and pretty much you're gon na be long bias uh today, unless the market is below 412 80 on the spy, unless it's below 307.60 and when i say unless it's below that means it's got to be below and holding lower highs below that or off of that to the downside all right. So that being said, we're bullish - because we are over this and we've held it - we're over that. Okay.

So we're going to be bullish on this day with the expectation that the market out of the open is probably going to try to push up into the 415 46, which is the previous day's kind of high area, and the nasdaq is going to push up to 3, 11. 12.. Okay. So the main objective of today kind of best case scenario that i see is markets breaking previous highs and running into the 418 419 420 levels, arguably max price that i would even try to go to would be 423.60.

Okay. So again, the objective is to see the market move along today. Minimum we want to see tests of the previous day's highs on both the spy and the nasdaq best case scenario. I think today is going to be 4, 18's, 419s, 19's, 420 somewhere in that area.

I know that's a three point spread, so it's kind of big but more specifically um spy. Breaking this first statistical level. Then we would just look up to the next one, which is 4 18, 31. Okay same thing over here, uh nasdaq, taking out the 311 23 price.

We would then be looking up like 313 46, almost up to the 3 uh 14 area. Okay um, i feel, like that's pretty clear, don't think we have too much more to cover. I believe in yesterday's video i did mention um, that i was thinking the markets could go. Oh one! Second, let me change it to this time frame that the markets could go uh back to their long-term statistical mean, which is a price around 434.

For now and that's going to change day by day or a little bit over time, if you may so for right now we're not going to be looking for too much more over this 418 price if we get over 418. Yes, we'll look up to the 420s, but again, as i was saying before, if we believe the markets are kind of in a longer term downtrending motion, then we would expect there's going to be some sort of selling pressure in the market around the 423s to 437 Areas because that's the long-term statistical mean price point um, so probably going to be watching the markets, long bias up into those zones and nothing nothing more for right now. So with that being said, i'll catch, you guys on the next video everybody take care and have a great day.