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Good morning ladies and gentlemen, everybody welcome back to the channel. Appreciate you guys tuning in. Uh, won't take up too much of your time this morning, he's going to do a quick little overview of the market. Uh, as everyone probably knows mine now, the market had an extremely good past couple days.

The Rally's been strong. Now the market is priced around 420 and 70 cents. So what I First want to show you is uh, this beautiful post on Twitter this is 21 hours ago Spa You already know where the price Target is for 2070 is looking for some children located at 420 70 because he's itching for his sniffing. So Mr Joe Biden pumped the market to 420 70 because you know again, he's looking to sniff out some some children there.

So with that being said, pretty much what we're looking at here now is where is where'd that go? That's weird I Don't know. Yeah, pretty much what we're looking at is probably some resistance. Okay So what's happened is we've gone up and we've hit the price Target Let me talk about this first. We'll go to this chart here.

Remember just yesterday I Believe it was maybe the day before we talked about. this is a consolidation range we've just broken out. now we're going to Rally up and you can even see on my chart I still have the text there Target Gap and statistics level. so that is located at 4, 20, 40, 420, 89, 42070 et cetera et cetera et cetera.

And if you look, that's pretty much where the market is priced this morning. So if we pull this bad boy over like these and we go like that, you can see we've gone up to 4 20, 40, 420, 80. take this one away. we're going to look at a different chart here now.

Maybe There it goes. All right. So here's the statistics level on the upper right chart. you can see that that is located if it ever.

Works Come on, think or swim. There it goes. You can see the statistics level is now located at 420.85 So I'm assuming that the market isn't going to Rally too much more than this. Again, we do have that Gap fill on the chart at about 421.50 or something like that.

So if we look over here, there's still this Gap to fill in the market. So this is the only other thing we're probably going for is this Gap fill here. and so not much more long bias in the market than that their Gap fill. once that market.

Once the market fills that Gap we're probably not going to be seeing too much higher in the immediate. so let's take that away. So we have maybe to 422 15. That's kind of like the max price point I'm expecting this: Market is going to go within this move so we might get a little bit outside.

The deviations push up to 422 probably have some resistance there, but we should expect that the 422 Gap is going to be filled with how close we are and um, you know how long it's been open. It's been open for gosh knows how long, right? It's been open for months. Almost a year or so. So again, fill the Gap and then maybe pause and then we'll see if the market really wants to roll over.
Uh, if there's going to be any sort of rolling over continuation of the market. To the downside, it's got to do it pretty soon here. So with that being said, I mean that's really the the video for this morning. The market is on the up.

we're in a Buy Signal We've broken our consolidation. We hit the statistics. Target We're probably going to go for the Gap fill up about 422 and that's that's pretty much it for now. All right guys, take care, have a good one.


By Stock Chat

where the coffee is hot and so is the chat

6 thoughts on “Stock market coming into resistance now”
  1. Avataaar/Circle Created with python_avatars Slap Tastics says:

    OMG i love that twitter post!! I mean i hate it, but i love it…

  2. Avataaar/Circle Created with python_avatars Collin D says:

    So if it rips through what would be the next upside target ?

  3. Avataaar/Circle Created with python_avatars itslexiandgrace!🌸 says:

    Rocket mode

  4. Avataaar/Circle Created with python_avatars bidmcms3 says:

    What does the Joe Biden tweet even mean? Like…what?

  5. Avataaar/Circle Created with python_avatars Bob Seger says:

    Itchin for a sniffin. KEKW

  6. Avataaar/Circle Created with python_avatars Bob Seger says:

    Good morning.

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