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[SP500, QQQ, TSLA, AAPL]

In today's video, we're going to look at the market and see what's going on and get you all ready for today. I'm also going to be sharing with y'all some stocks keep on watch for today as well so let's dive right into it. Right off the bat, we have the Spy right over here and so far so far things are looking so bullish. things are looking bullish.

for now it's It's a little lumpy, right? It's right at the top here and that right shoulder is getting kind of wide. As you can see, it's getting wide and it's climbing slightly higher this level on the NASDAQ at exactly 15 650 must break in order for us to see some continuation. today. today, there may be a little bit of I think there may be a little bit of a pullback.

there may be a little bit of a pullback to 15.5 K and then the CPI report will be announced tomorrow, one hour before everything opens. All right. So right now things are looking a bit are looking a bit tricky. I Don't have too many high expectations I Don't have my expectations at all today.

I Really, really don't All right. But um, as regard to what happened, let's check out. let's check out the video yesterday I mentioned I Told you Guys I gave you guys a warning and on Sunday night too. For those of you who are watching who are who watched that video, I told y'all 550 is a very important level and it really needs to hold and it's most likely gonna test it and the next time they test it am I actually Bridge it and it definitely did that yesterday.

All right after this I believe it's test number six or seven. I kind of like counted it for y'all yeah, test number five actually. so it broke down right through here and it went all the way down to 445 and the indices are a bit low right now and the Gap at 432 is still there on the video. So for this one, the train is bearish, therefore watching for a continuation down.

There is a little bit of a uh, bearish penne pre-market so that's something to watch out for. All right, definitely watch for that at the open I'm looking for for it to just stay at this price. Maybe it has a little bit of a wick all the way up to 449 but immediately gets slimmed back down and continue slower too 442. All right.

So that's my thoughts on the video and updates on Google. Google Was looking decent, but it didn't behave the best. Uh, yesterday I mean it kind of did, but it really really didn't like it opened higher and then pull back. fill the Gap from yesterday and then had a big trading opportunity for Longs This one is not that predictable.

We took a day trade um, yesterday but it wasn't on Google Number one I Don't see any structures on here I Really really don't. The only structure that I saw that seemed easy enough for me to buy was on QQQ All right and with QQQ it looked like it looked like this. First we have the sell-off which Google showed right and then we saw I saw this ascending triangle right here and it broke out perfectly at like around noonish and we decided to go in with calls. The price Target that I had for it was 376.5 I bought the calls at 110 the cost that expires on the 12th I bought it at 110 and then I held it all the way up until it got to the price targets It is the climbing and climbing and climbing all the way until 12 43 and 12 43 was a little bit soon I got rid of my contracts at 1.65 Those contracts went a little bit higher towards like two 200 per contract so there was about.
there was a lot of money to be made, especially on this one and again when QQQ moves also. Google moved as well and since this one ended I'm not surprised that we're opening a little bit lower. I'm not surprised. so they pull back.

the pullback wouldn't be a pullback all the way to 364 in the first hour. There's something to look out for and then you might see a potential balance and then more job throughout the remainder of the day until the close. All right now, let's check out. let's check out Meta again.

Meta is another one that I gave you all yesterday and I told you guys. Um, I told you guys the trade that I took on the previous day before that didn't work out so well. but I again yesterday morning I Warned y'all about the move to Written and that it could happen on that specific day. It chopped a lot.

We chopped tremendously before or even moving up to 310. Again, this move right here is analogous to QQQ Smooth right there right over here. Security just started moving and then everything just pretty much started moving as well. So it's not easy to spot, but you have to be paying attention to these things, especially when things are moving in unison like that.

That means good behavior is about to happen and there is easy money to be made. So now what is going to happen with the video I Think it boils back to 302. It's looking long People Markets again when there is a pullback happening right now with the QQQ This one is going to follow through so watch for a drop to 302 unfortunately and then it's gonna bounce right here. Now let's check out Perfect to see if everything makes sense.

Yes, it does All right now. the books I See a double bottom I See a double bottom and this one is up by quite a bit. It's up by it's up by three percents and the three markets the free Market the high is about to be a bridge. So watch the Vix for a move up to 14.8 Yeah, 14.8 That's where I expect the vix to go given the structure pre-market this is a megaphone pattern free markets.

It doesn't always play out like this. It's it's it's it's been ppfd like it's not my favorite structure at all. It's really, really nuts. but it is there I have to acknowledge it and usually when it works it goes up here.

So uh again, yeah. just a watch where I pull back the market and updates on the Chinese EV stocks beef. that's the last one. Then we're gonna talk about the Chinese TV stocks.

Le and L E is still climbing. It's still climbing the bell at 38. didn't even rain. so and there was this thing happening yesterday which broke out at the close and now it's open higher.
I think he's gonna move to 40.75 like just a jump right here before getting slammed back down. Alright, so with this one, I'll be looking for a shorted opportunity after the rejection of 40.75 Yeah, so that's my thoughts on that one. and that is the end of the video. Again, do Not forget to demolish that like button and don't forget to subscribe again! These videos are released 15 to 20 minutes before the Market opens from Monday to Friday in the morning.

To our best skills, definitely click on the join button and click on morning videos to be part of a private Community. You find that as the first link in the description of the video below. Alright, if you haven't follow me social media, you can find me at Paul and Goomba at Apparentology Lab on Instagram and on Twitter. And lastly, if all of this is new to you, if you're interested in getting some free stocks, you can find that as the third link in the description of the video if you click on that and sign up for Weeble to get two free stocks with them.

Lastly, my name is Paul Guma Prepare a knowledge lab for a retreat. Patterns, patterns only and I will see all of you in the next video. Foreign.

By Stock Chat

where the coffee is hot and so is the chat

5 thoughts on “Why the market is selling off!”
  1. Avataaar/Circle Created with python_avatars TRADING TITAN says:

    This video is so confusing lol

  2. Avataaar/Circle Created with python_avatars Smallfists says:

    I just need TSLA to drop another 2-3% to be green on the week again 😅

  3. Avataaar/Circle Created with python_avatars Tyquan ellison says:

    Did I hear correctly Nvda drop to 302?

  4. Avataaar/Circle Created with python_avatars DTitan1993 says:

    Yo Paul, what you think about OXY for tomorrow?

  5. Avataaar/Circle Created with python_avatars K H Matt. says:

    greedy shorts 🩳

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