Welcome back to the channel in today's video. We're going to address the the stock market once again the situation is looking really really suspect. All right and'm gonna share with y'all some points to get you a prepared for tomorrow. I'm also going to be showing.

Y'all. Some stocks and you should be keeping in your watches. And um answer. Some of you guys's questions as well all right now before i begin do not forget to annihilate the like button on your way in and also don't forget to subscribe if you are new to the channel right so let's get started right off the bat all right so um.

The spy. Despite right now is looking very suspicious. It is i told y'all. This morning to be wary of a potential move above this level right.

Here 385 dollars and at the same time. I told y'all. That um. I gave you a little warning because what i wanted to see what i really wanted to see for just to get a little bit more bullish for us for this thing to actually get out and hold that thing until the close and hold the 385 level.

But the nasty sell off in the last like 20 minutes. Gave me. Other thoughts right. And also i'm going to share with y'all.

Um. Another. Well. Let's look at the four hour first.

Let's look at the four hour. All right this is not looking so so great the breakout is there yes. But the volume is gonna trash all right it's not usually when you know the momentum is about to go to the upside massively like when you know you know like everything lines up perfectly. But there's a lot of ambiguity in the market.

Let's check out the nasdaq. All right now here is the nasdaq and same thing again like it's out of the falling wedge. But it's not it's not ferocious the way it closed. It's not convincing and the volume is just not big enough so tomorrow will be really really interesting all right now.

I'm gonna use some of the large cap stocks to see whether we are where there's some some underlying resistance. So we're gonna look at we're going to look at qqq all right now with qqq ktq is the nasdaq. But the charts can small little details kind of are kind of different in between charts. So it's important to look at that i look at all of them i like to look at all of them.

That's the way that i do it and give me a a good indication of what may happen tomorrow. Right that way i can make these videos um. The way this is looking right now it hit 290 dollars today which i was very suspicious about with qqq as you can see right here with this post. I thought it could i thought it could it actually did and the way it reacted at that level is making me lean more bearish for tomorrow right so um.

So we'll see we'll see how we'll see how we open in the morning. If there is a massive gap down and by. Massive capital i'm talking about like negative. 08 80 or.

Negative 090 right there will be a massive panic in the morning and we could just see in all they fader in the majority of stocks in the market. And it's not something that is uncommon um. The last. I think the last three wednesdays in a row is the same it's just it's a similar situation first.

We got defend meaning right. And then we got let me zoom in right here. And then we got some some chop right here and then we have a massive uptrend either it closes. Really really strong right or we see something like this and then the next day.

It's just a disaster. So anticipate that all right into something something that may that may look like that now um. One stock that appears really bullish right now it may move independently from a market. It may all right.

It's not a guarantee that stock is by and d um. I shared this one a few days ago. I think it was last week. I was living a little bearish because of the way it was moving right.

I think it was on the 28th on the 29th. I told you to watch it for a break down. But it actually went up it broke out above 26 dollars. And it looks like it's on this way to it looks like it's on its way to 35 dollars.

If it doesn't follow the market too much the structure is clean. But the overall market may slow it down. If we have a massive sell off tomorrow. Then we could see something like like a drop like this and then it forms a doji right and then after a potential big drop then we consolidate sideways.

And then the chart starts looking better and better for the next few weeks ahead right then it may drag his feet and then eventually curl back up to 35 dollars. But the way this is looking this is not this is looking pretty bullish and big picture like this thing had been oversold for a very very very long time right so it's something that you want to keep in your watches. For the near. Future b.

Y. N. D. Now.

The next. Stock that we're going to discuss in today's video that stock is that stack is the video all right now with the video i share this one with you i think it was this morning. I told you it was this morning. I told you to watch it for a retest of the neckline uh 155 dollars.

I'm not sure if i'm not sure if we're actually going to reach 155 dollars. Because i took a look at this thing like an hour ago right i looked at this one on the one zooming in right here. And when you zoom in real close to the wicks like really really close to that thing right there right here all right so the bottom the bottom range or the lower the lower range of the neckline. Because the neckline is ultimately kind of like a zone right here.

It's a zone right there in the middle of that zone is 155 that's why i said 155. But if you look at the lower range of the neckline. It's actually 153 and we got there today and the mass that got to 290 today. And had a nasty rejection off of it and i'm also kind of bearish with the way.

The market is the lack of volume. The lack of structure. The lack of there's there's something specific that i'm looking to see and usually when there's a big reversal coming like it's pretty obvious. It's just not there.

And i don't see it yet right. That's why i'm i'm leaning a little bit bearish. But with regards to the video. I think tomorrow will be interesting and also and given the fact that we had the meeting that means volatility is back in the market.

So there could be some nice day trading opportunities um. But with all stocks in general. But this one watch it for a potential reversal down right big picture. The thing is we got the left shoulder.

The head and the right shoulder. It's a continuation of the trend. The bearish trend and what we what i'm looking for is for something like this which i've drawn out in the previous videos all right so that's that's for that stock now let's talk about one of um. One of big guys's stocks adventures again.

If you have questions just drop the ticker in the comment section of the video and i will address it if again if it has an option chain uh. We only look at things with an option chain here on this channel all right so last thought was uh somebody asked about chewie. What is going on with joey. And this one have been grinding upwards for quite some time especially after breaking out of this inverted.

Head and shoulders right so we got the left shoulder are you at the head and then we got the right shoulder right over here. And it ran and then it reachest neckline right. But right now it looks like like at this point. Anybody who bought like calls or bought shares over.

Here should be looking to take their money off the table at these levels right there. So the market can be kind of generous right first there is the first chance to get out and then if you don't take it. And you decide to be extra extra greedy right. It may or may not give you a second chance to get out in this case.

It did so my thoughts on it i have to lean a little bit bearish. I think a pullback would be would be good for the stock like it moved all the way down to 35 and especially if all marcus starts to collapse tomorrow. Especially if that happens all right so that's my very honest opinions on all of these stocks. And that is the end of the video again do not forget to annihilate if you like went through the youtube algorithm as always helps the channel a lot and allows more people to get this knowledge.

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