What's going on guys, welcome back to the channel. Appreciate you guys tuning in. Uh, so real quick. As you guys can see here, we have a bearish cross.

Since then, you can see Market is obviously traded down. so overall, the market is bearish. The market will not turn bullish in terms of movement and price action until it gets over the 50. SMA Anything bullish prior to the market clearing the 50 SMA will be a short-term Rally or should be viewed as a short-term foreign counter Trend bounds.

So again, anything long below, this is just a counter Trend bounce. Kind of like you've been seeing here. Some can be small, others might be bigger, then continue so on so forth. But the way we say it is Market will not be bullish till it's over that 50 SMA which is currently priced around 388.35 Okay, continue.

Well, actually maybe I'll do this real quick. bad doesn't really matter. All right. So going into today, let me bring up a different screen.

All right. So putting this screening forward and what I'm going to do is I'm pretty much going to delete everything but these upper two. All right. So now when looking at this chart and I can take this off, don't really need it for now.

All right. So now we're looking at this chart here. this is still the S P. Um, it's just trading View And so these are anchored V-waps So pretty much these are the overall low risk bearish entry um, levels for the overall bearish trend that we have gotten for this bearish cross.

So this bearish cross creates a short-term bearish Market that could end up being two weeks, three weeks, Etc sometimes or a day, sometimes or a few hours so on. But either way, we got a bearish signal and that's a sell signal. And when that happens, markets trade bearish typically. and when that happens, we will take vaps and calculate those View apps based off of this signal.

So if this is a true cell signal, then basically we just anchor View apps around here and here and send them downwards and those will be our low risk volume weighted average prices of this bearish trend. So we got the Bears cross and these are the volume weighted average trends of that cross right here. and so ultimately that is. That is it.

You know that's our Trend down, That's our low risk entry level. This is also our Line in the Sand Meaning we want to stay below this or else pretty much it means Market is Shifting up. So when and if the market actually gets over those levels. whether today, tomorrow, five days from now Etc Um, that's when the Market's most likely turning bullish.

Okay then the next thing that we could do if we would like is this which is pretty much just sending View apps off the V web. So pretty much like this right? So Market turned bearish, blah blah blah. You can see we retest right here the V web and we we move off of. It's pretty much there's the V web of that one.

sorry I mean it could be a little, maybe a slightly up, but pretty much good enough. Um, and if I zoom in, that's probably right on the top. not on the split, but it doesn't really really matter. Yeah, so it's not even on the split, but anyway, it doesn't matter all right.

So this is pretty much let me delete this one really quickly. All right. So these are the long: These are the initial View apps of our bearish signal and then every time the market touches that bearish V-wap and it trades bearishly off it with a good move, we can just generally do this, tag a view app and expect that to pretty much be the next V web Trend down. And then when we touch here, here we go.

Okay, this is going to pretty much be our next V web Trend which would be like that. And then when we hit this one and we sell off, then we pretty much could do the same thing and go Okay, this is our next Bearish V web Trend And then as you can see, we hit it here. perfect in the morning. then we tag it, go over a little bit.

but wow that would be our next bearish view weapon. They go doink doink doink sell down, doink doink again So you can do this and this would be our bearish View Web. Something like that, you can do it doink. So ultimately, in the immediate, you know, and then basically what happens.

the more you do, the more clustered it becomes. But um, what you just saw is a tactic for, uh, intraday momentum. Uh Trend Trading So like these ones, you'd view as our bigger pivot levels, bigger cell levels, and then everything you just saw me doing. There are just very fine-tuned intraday levels that you'd be using for short-term Trading So uh.

with that being said, markets are bearish. Now going over to this chart here. This has a lot of levels on it. Do I have one over here with less.

There we go. There's less, All right. So looking at this chart here yesterday, I started talking about 370 prices. Not that I could have.

It doesn't matter, blah blah blah. it doesn't really matter. All right. So 370.

so there's a good chance Market goes to 370 soon. I Mean a lot of people are talking about retesting Lowe's and blah blah. To me, it doesn't really matter. Um, you know this is the plus one.

Standard Error: Standard deviation: Zone We've taken that out. so typically what the Market's going to want to do is going to want to try to go to this price. You can see we're pretty close. We got to a low of like 376.

This is priced at 370. so it's pretty much already there. So ultimately, if markets fall down to 370 45, don't be surprised. Totally normal.

That is the uh, that's the fair value price of the yearly Trend right now. So for the markets to move back to 370.45 means that the market is currently being priced at its fair value Trend So again, theoretically up here was overvalued and now the market is doing a mean reversion swing back down however you want to describe it. But yeah, so markets are bearish. 370 Totally normal.

Um, the the case for the Bulls would be they they pretty much absolutely have to have the market hold this because if it doesn't then that means it goes lower bound to lower distributions. which would be negative ones. So same way as you saw when we cleared it here, we went to Plus Ones. Same concept you were to clear it here.

you go to neg ones, so you hope that doesn't happen, but the likelihood is increasingly higher every day. But with that being said, that's pretty much it. Markets are bearish. Uh, 388 would be the bullish pivot to the upside if you could maintain over about 376 to 387.

Or did I say that right? Yeah, yeah. 386 to 387-ish is going to be your lower short entry for now. Um, that's that's pretty much it down to 370s. Totally normal.

all right guys. take care, have a great day.