What's going on guys welcome back to the channel, i appreciate you guys tuning in so today's fomc day, discussion of rate hikes interstates, uh interest rates, um state of the economy. Things like that, so it's going to be a volatile day. Just remember that things can get a little crazy out there, a little wacky so do your best at managing the day. Your day doesn't have to be made in one trade.

Your day could be made in two trades: three trades after waiting an hour. 15 minutes. 30 minutes etc. So do be mindful of that all right now.

What i want to talk about is yesterday yesterday the recommendation and what i kind of thought we would see is a long move to here and then some bearish activity didn't really think we'd get long to here, but i figured we could see along to here and That didn't work, we kind of did a false long to start and then went bearish to the lower probability, from which case we bounce. Then we've created higher lows through the after hour session and into pre-market session uh today, so that sort of play, i think, still exists. Uh might have been sort of a date early, just kind of wrong timing, uh or decision within that trend or the formation we had. So arguably, you know we'll see if it happens today, but um.

You know from yesterday right when we were looking at the market. Yesterday, you know we we kind of mentioned there's two probabilities here and here and market was going to hit one of those, so we hit the downside one. Does that mean that today we do a little break over the previous price action resistance, all in this area and pop out to that level today, maybe so um, i think for me, that's going to still be a play that i'm watching and same with the nasdaq Right, you can see here with the nasdaq pretty similar right um instead of the market kind of popping up to the probability. Yesterday, we just kind of false pop pre-market faded out into the start of the open and then sold down to this lower probability, from which case we bounced and held pretty well higher lows after hours.

So the question for me is, you know: are we seeing a situation where the spy takes out a previous price action resistance and then we pop out to the upper deviation that exists at 281 57 on the nasdaq in 380s, 379.58 on the spy? That's probably what i'll be looking at today, um once we get to here. I might look for a bearish move and that's really all i have planned now for the time being. Arguably, if we got over this, then yeah that could maybe open a discussion for move to 384s. You know even back up do gap fills depending on how crazy this fmc day gets but uh.

For me, i think i'm watching things a little more on the long side, but with no expectation going into the after afternoon session, but for the morning session kind of kind of thing we might get a 380 push we'll see uh. If this little bullish trend, we have can continue and if it can't and things got really bad, then you'd just be looking back down at 371.14 previous low a day on the spy in previous kind of low a day areas on the nasdaq. So that being said, i'll catch, you guys in the next video you guys take care and have a great day.