What's going on, guys, Welcome back to the channel. Appreciate you guys tuning in. I'll try to make today's Uh video again as quick as I can. Um.

with that being said, we'll get into it all right. Looking at the chart on the left, this is the Open High Low Closed Chart 10 day, 30 minute time frame. This is the 10 Simple Moving Averages blue line and the red line is the 50 Simple Moving Average. Put a horizontal line on both of those just to reference where they're at when we switch to a smaller time frame.

So now we're looking at a one minute chart. But on this one minute chart, we have this red line and this red line down Here That is the point of the 10 SMA and the 50 SMA. This morning, you will see that the market essentially right around this red line has crossed and we start to pick up momentum. create a flag pattern continuation long off the flag pattern.

So essentially the market bottoms here reverses flag pattern continuation pattern. Then we rally out of that that's expected from a flag continuation. The flag pattern continuation ramps up and the market is starting to see resistance right here at 396.. All right.

So pretty much what's happened is we've broken the 10 SMA That is a short-term Trend moving average. The longer term Trend 50 moving Average is here. This is a resistance point. Now, that being said, we're going to use a QQQ chart.

All right. If you look at the NASDAQ, the NASDAQ has a statistical probability level right at 282.23 That is the main reason your markets on the NASDAQ Stopped right around 280 220 yesterday two times and pre-market and after hours and this morning pre-market see algorithms trade the market and they trade based off probability statistics. Okay, and a lot of other things, but one of which probability statistics. So even if we were to go back to what's today Thursday so that was Wednesday right? So yeah, Thursday was so Tuesday.

So if you go back to twos of the day, the market fell apart, right? You can see it fell apart, found support down here, bounced up to this probability after hours, pre-market sold down, then bounced all the way back up to that probability is all down and we're red again. So we know right now that this 28220s statistical probability level on the NASDAQ is providing resistance. Okay, so now we kind of know why as well, why the markets are kind of pausing and hesitating in that area. Number three: This is the trading view chart that I use, but basically it's anchor, B weft, and so on so forth.

So in short, these two trending blue lines are volume weighted average prices of the current Bearish. Trend You have been seeing. Many people will use an intraday V-wap which is fine. There's definitely a lot of value in that.

Sometimes I'll use it as well. But particularly the the two blue lines you're looking at are volume weighted average prices of the current Bearish. Trend we're in. Thus the logic being if the trend is meant to stay bearish then the bearish trend will continue from these blue lines and that will be your lowest risk possible entry for the current bearish trend.

Kind of like you see here with this Arrow though we didn't get to it uh, yesterday we got kind of close and then we rammed back down. Um, there's reasons and answers I can give but to keep it simple would just basically be this is your Bearish Trend And as prices get in and near, you're obviously going to ideally be looking more bearish until the day that they they break above. So pretty much unless the market gets over these bearish Trend View apps you're not going to see like a big push higher a trend higher, you'll just get counter bounces back into these levels that then later get sold off again. Okay so what uh does that mean So it means you're currently bearish with bearish entry prices where this these blue lines are at.

so I had already mentioned on Twitter today not that it really matters and I like if you're on Twitter it makes a big difference but you know this was just me already mentioning earlier. Lastly, spy is currently on his bearish View at train for lunch we're at sell signal and Market yeah so pretty much saying that is your bearish Trend This is where you want to be bearish. Generally Okay, so far we've pulled back and started to sell down a little bit. doesn't guarantee a bearish move.

uh, the way we would like. but ultimately until the market gets over these bearish b-waps you won't see a move. Okay, so in the event that The Bearish View apps do end up holding the market and we sell down, we would then just pretty much expect the market to sell off from um, the pre-marker height that now to a price of 280.72 For now, Um, that that's probably all we should expect. basically expecting a trading range in between the statistical probabilities that were set in from the NASDAQ.

You will also see that it's possible the market is setting up a head and shoulders formation on the NASDAQ which would then correlate and translate over to the Spy. Now, in the event that the market wanted to set up a inverse Head and Shoulders pattern, whether or not the pattern ended up failing or not, or whether or not the Market's just trying to do it to give retail Traders a visual pattern to trade off of. whatever your assumption this that the other, if it were to create an inverse Head and Shoulders pattern, it would most likely replicate that of the left side. Okay, so the left side would be down to here: lower deviation bounce up upper deviation cell below deviations create the head, which that's kind of a bad hat, but right create sort of a head move.

Well, it would really be like this. Sorry, Okay, so if the market were to create an inverse Head and Shoulders pattern, let's say it does the most logical spot for that. That right shoulder to get created would be off this deviation level to make it somewhat, um, symmetrical to the left shoulder. Okay, so until that potential pattern formation is invalidated I wouldn't expect this short lag from this move to go any further than pretty much that lower deviation on the NASDAQ of 280.

Okay, so I do use the NASDAQ statistical levels and the Spy statistical levels to also gauge where price action may or may not stop or go to on QQQ or spy vice versa. Okay, so uh, in conclusion, you are still bearish. Um, and we will continue to trade bearish until the bearish volume weighted average prices are surpassed, which would be right in that area. So with that being said, hope you guys like the video.

Uh, appreciate you for tuning in. Um, you can like And subscribe the video is all you want, but we are censored in Shadow band on YouTube So I don't really even ask for those things anymore because they won't make a difference. So I just make the videos in hopes that you know you guys like them and the ones and few that do get to watch it learn from it. And then one day you wake up and go boy.

I'm glad I watched all those videos. Um, because at the end of the day I don't even really get paid on YouTube I Currently don't really run a paid trading service I mean we do, but all the money generated from that service is paid out to my employees and taxes. so I don't really make money through that either. So most of the work and stuff I put out for you guys.

it's pretty much just all free at this point day and age because YouTube censored me and then I decided to end one of our our services that paid me out in that way. Um, so not that we won't go back to doing that at some point in the future as we get our new platforms and everything arrange the way we want, but just know the current day and age for like the past two and a half years. I've pretty much have done all this for free for you guys online. so um yeah, just hope you guys enjoy it.

and uh, for the ones that watch it. thanks and that's really all I got for you guys. All right, take care.