What's going on? guys, welcome back to the channel. Appreciate you guys tuning in. Figured I'd do a little Sunday analysis for everyone. Give everyone up to speed because there's this big Market rally going on and everyone's freaking out.

So we're gonna try to make this as clear as we can. So first things first, we're going to look at the Spy So the Spy is here on this bottom chart to the right. So this is a weekly chart looking at the all-time high bear Market downtrend V-wap that will be in Red So you can see we have the V web anchor to the all-time high. We push through it a little bit here.

down bounce to it here to the penny down bounce to adhere to the penny and down. Okay now from the market bottom or the low of this bear Market move which was here. this is the anchor view app but in the opposite direction. So same as we had the anchor view app to the all-time high that tracks the Bearish move down Doink Doink doink doink.

we have the one on the bottom Doink Doinky Alrighty. So pretty much what you're seeing is the market is squeezing the volume, wedging it together between the last Market bottom volume weighted average price in the all-time high Bearish Market V-wap okay or the Bear Market View app if you may. So with that being said, pretty much this is support. This is resistance JPM or JPMorgan Just put on a new collar trade and we're going to talk about that.

So pretty much what you should be expecting in the markets is the market is going to maintain below four. Basically 441, 442, JPM or JP Morgan has basically started selling I believe a bunch of uh, 430 calls what was really on the SPX So it's 4 300. But anyways, all we got to know is this is resistance. The Market's not going over that purple line for now.

So JP Morgan is selling calls up here to bullish Traders while buying 3 800 calls which is support. Okay, so they basically expect the market to stay below this while maintaining over this and they have downside protection. Uh, downside, Protract protection to Uh 320 or 3200 on the Spy. So to put it simply aside from Jpm's collar trade, the irony of it all before: JP Morgan put on their collar trade.

If you would watch my videos, we would already recommend that this is going to be resistance. The market will not go over 440 and the support is going to be about 3 800 or 380 on the Spy. So again, your resistance going into next week is going to basically be right here on the Spy which is excuse me and all of a sudden there it doesn't say my charts being dumb all right. So pretty much you have resistance coming up on the market 416 in a spy.

your support on the market on the weekly scale is 383. Um, so pretty much you're gonna be bearish coming up here pretty soon. Um, and even if we do break through this View app a little bit, you shouldn't expect that the Market's going to go over 442 and that's the whole purpose of Uh JP Morgan Selling a bunch of calls up here is because they know that the markets probably aren't going over 442 or 430 et cetera et cetera et cetera. So it was selling people a bunch of calls up there and they know that the uh, last Market bottom volume weighted average price, average share price support area is going to be somewhere around 3 800..

So with that being said, you're not going to really be extremely bullish over the next probably two months or so month and a half. You really shouldn't be all that bullish. To the upside, and now when we go over to the NASDAQ, you will see that the NASDAQ is coming into its all-time high anchor V-wap Resistance which is located about 325 on the NASDAQ Now really quickly, what I'm gonna do is I'm going to take you all the way back in time to our last Bear Market so you can basically see how this works. Okay, so we'll look at this little dip here in the market all right.

So watch what happens when we start, uh, anchoring a V web to the high. So let's just call this a bear Market whatever. All right. So we're going to Anchor View after the highs and we're going to take off this purple line.

All right. And the whole purpose of this is just to kind of get your brain uh, thinking properly. So look at Anchor the all-time high What happens Market hits a view app and down So what's been happening here? Anchor all-time High marker hits view app down Markets view Web down Markets view up down markets at V Web down coming back into them again. All right.

So when does the market start to really Trend up fully When the Market's clear, the all-time high anchor B Web So again, bearish under over bullish up. Okay, cool. Now let's go over to this little dip in the market. even if you did this one.

All right. So we anchor there. bearish, under bullish, over blah blah blah. Now I'm going to take you all the way back to 2008.

So look at the 2008 Financial crisis, housing crisis et cetera et cetera et cetera, anchor viewf all-time high which is actually slightly off I believe it should be that candle and could be web all-time high hit V Web down hit V Web down hit V Web down and hit V Web down little pop over some fall stuff. Once you get over it, that's where your Market really starts to Rally So let's go back to the 2001.com 1999.com Pretty much the snapdown here. I mean we could do this one here. It was all about same and it was pretty much same concept anchored to the uh, all-time high View app.

basically Down Down, Down, Down, Down, Down, Down Down. When does the market shift fully when you clear the all-time high anger V app Okay, go to the current moment time where we at we're in 2023 Joe Budden don't want to say that name. oh you know what I mean Jelly Bean Anyways, down V Web Down View Up Down View Up Down B Web down Coming into the view again, but this time we're having higher lows. So before we're doing counter Trend lower highs now, we have higher lows going into it, so we're slightly more likely to break at this time than we were in the past couple months slash here.

That being said, you know how this works. Unless the market is maintaining over the all-time high anger V Web then we're not going to see the full shift to the bull side in the market and that's you guys analysis. Hope you guys, uh helps you everybody take care have a great night.