's going on guys welcome back to the channel. Appreciate you guys tuning in so. So. Yesterday's video was mainly recommending to be bearish at least down to like 374 areas and that we would not shift back to being bullish or sort of swing long until we got the blue moving average to cross the red moving average you'll see after yesterday's rally that almost created a bullish cross with today's pre market movement and by the open.

I'm assuming we'll probably have a bullish cross today so therefore we're not going to be watching the markets bearish anymore at this point. We'll flip back and start probably watching them more dip long and long bias on the basis. That yesterday's rally was strong good signal good sign and that that in itself will probably create a bullish cross so for now and after yesterday's rally. We're not going to be watching the markets bearish.

So for now going into today's open markets go long break out of pre market highs. Yadda yadda our first target on the day is going to be 384 on the spy and the first target on the nasdaq would be about 290 now arguably these could update at the open. But if they don't update at all and they stay completely horizontal and flat then again your breakout upside target first destination for the spy. Today would be 380 nasdaq would be 289 once those break.

And so on so forth. We'd be looking at 389 on the spy. And we would be looking at where is that at actually and up to 306 on the nasdaq all right so going to look at a longer term chart here. Give you guys sort of an idea we could have very well put in sort of a ww here on the bottom of the market at least for the time being that's kind of something i was paying attention to even yesterday was saying.

Okay. If we don't break. These kind of lows out. And then we could very well be setting up for sort of a ww and a push higher um.

So ultimately when you look at this long term chart you'll pretty much see this negative 1 y w. That would be your upside destination a day through that and breaking out you open up the um. The door for a move to back to 389. Which would be this previous high top.

So we're pretty much just going to be watching markets on the long side probably going to get that bullish cross today. So um. Yeah probably just kind of keeping things on long watch on the idea that uh. We saw or going to get that bullish cross.

So have a good day guys hope that helps and i'll see in the next video.