All right, remy wanted me to talk to you guys, tell them remy. What are we going to talk about today? We're going to talk about the fear index and how it correlates on over to the overall market, so um just wanted to make sure you guys got a little update on remy and how big she's been getting. But one of the things that i quickly wanted to talk about is what is considered the fear index and v i x. It follows the s p 500 and i actually had a question be asked to me today at the hq.

So the hq is a facility. It's my headquarters here in chandler arizona, it's a facility that i opened the doors to for all of our learn plan, profit members - and we had one of our members come in and ask me like how was i able to anticipate the market getting ready to pull On back i mean that's based off of the video that i uploaded yesterday and i've again, i'm never 100 right all the time, so i'm not going to sugarcoat it. Please understand that with that being said, one of the not just indicators we talked about the resistance on the overall nasdaq market on the day chart with the ema line, but another thing that i cross reference is the vix, and what you need to understand is when The vix rises, fear is being injected into the market and what is 2022 right, a bunch of fear right inflation at a 40-year, high interest rates rising and with the report that came out today, we talked a little bit about it's the cci report and as soon As it was released, it just sent the overall market into a straight spiral, downward spiral and again one of the indicators or one of the indexes that i encouraged our learned plan profit group to pay attention to was the vix and the vix rises when the market Begins to drop and then when the vix drops markets begin to rise. So that's the correlation that i want you to understand with that being said, if i look at the overall, it's harder to see on the day chart not not really, but the thing that i always try to pick up on are patterns, and this is for the Whole year of 2022 right - and we can see that yeah - there are sometimes that it does surpass this level of 34, but it doesn't really hold up here for a very long period of time right.

It might shoot up for a day, but then it quickly corrects itself, it's very safe to say that there's, a common resistance range right around 34 for the for vix there's, a very common support range right here right around 27., i actually made a video referencing, the Vix, i think it was last friday or the previous friday making sure that you guys were aware of what it was and the reason i began to talk about. This is because we were previously right around 34 and then we began to show signs of a resistance. Just like again, going back to the day chart every single time like clockwork right patterns tend to repeat themselves. They don't always have to, but like clockwork every time that it would hit 34, it would get rejected, it would hit 34.

It would get rejected. It would hit 34, it would get rejected, it would get close to 34.. It would get rejected it hit 34. It got rejected now, looking at uh.

Looking at this on, you know the one hour time frame. We can see things a little bit more clear that today, not only with the data that was released, but it made sense technically not just fundamentally and not just news wise, but it made sense technically that we were at a critical support range right around 26 to 27 for the vix - this has been a previous support range, where we see a lot of signs of a support around this general range, and then it tends to recover back to that same 30. Uh 34 price point and the reason this is important to understand is well. How does this correlate on over to the stocks that we choose to trade? Well, any time that the vix begins to rise like we said the markets begin to fall and again please do your own technical analysis.

Do this on your own time right be able to see if it actually makes sense to you, but we could see that all of last week right the markets have been rising and guess what has been happening to the vix the vix has been dropping. This is why, in the video that i made on friday, i encouraged you guys to take time and understand how the vix correlates to the overall market performance and when it sells off enough, it tends to establish its support level, and then it begins to rise. At least consistently for the past couple of months for 2022, the market's been more bearish than bullish and there's been a lot of fear. That's been injected into the market.

The reason i'm sharing this with you is, i thought that you can just simply utilize the vix and how i correlate on over um. You know, when fear is being injected and by understanding that correlation. You can then make better decisions or more informed decisions of maybe when the vix is high of like hey. This might be a range of when i might want to prepare to be able to buy a stock right, because when the vix is high, that means that we might be, you know, showing signs of a resistance pretty soon or maybe, when the vix is low.

To understand that hey we're at a potential support level for the vix by understanding that maybe i'll be a little bit more selective. Instead of trying to aggressively trade when we're at a potential support level and then if the vix begins to rise, then the markets begin to drop and by understanding the oversold and overbought levels of the vix. This can give you a better edge of. Maybe you want to be more aggressive and maybe less aggressive with the different trades or investments you choose to take and again it's like clockwork.

If we look at ticker symbol, t qq, i mean we broke this thing down on friday as well. Right, i talked to you guys about that resistance level on the day chart right that ema line every single time since the beginning of 2022, it tries to push up, gets rejected, tries to push up it gets rejected, tries to push up. It gets rejected only one time it broke above again and then russia attacked ukraine and then it sold off, sold off, sold off rejected, rejected you think, out of what we've experienced for the past six months, i'm gon na be surprised that it gets rejected. No, i would be more surprised that after 10 rejections, if you think for a second that this time it won't happen right patterns tend to repeat themselves.

I agree they don't always have to right with. That being said, it is so so important for you to understand when you can be in a condition to trade aggressively and when you should be in a condition to be more conservative. In my opinion, during these bear markets, i am in a condition to be more selective, not aggressive or super aggressive with positions, especially when overall direction is not in my favor. I really hope that you learned something new from that correlation of the vix and how it influences the overall market, especially as people consider it as the fear index.

One of the last things that i want to share with you is after we wrapped up the cc. I report today, one of the things that i brought up is tomorrow: jerome powell is going to be speaking 30 minutes before the market opens. If you want to join me for this live session, all you literally have to do is drop a thumbs up on this video and subscribe to the channel to make sure that you get alerted turn on that post notification bell, it will alert you when it is That i go live if you want to guarantee that you get the link from when i go live. The first link down below is my free trading group chat and i send an announcement right before i go live you don't have to join, but if you want to you can connect with over 40 000 members, it's free and again that's that first link down below Friendly reminder, our ipad air giveaway ends in just three days, including today, we're giving away an ipad.

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Some of our aluminum art can earn you up to 1800 points again, that's just with one purchase. So if you guys have any questions, feel free to message me via discord again, this is all available at shoptechbuds.com or click. The fourth link in the description, i'm excited to see you guys during your drone, pals um speech tomorrow and again that is 30 minutes before the market opens. I really do appreciate you guys time.

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