What's going on guys? Good afternoon. Welcome back to the channel. Figured I'd come on, do a little recap of today and show you guys kind of how we view the market. Um, you know things that the market did for today and so on so forth.

So first things first: I'm gonna pull back this chart. I'm going to enlarge this guy here. gonna take off some of these older drawings and we'll start from scratch one second. I've got a lot of charts going, that's why it's always, uh, moves a little slow for me, but that's okay.

All right. So for those of you that watch this morning's video, obviously you guys know that I was talking about us probably having some trickery going on around the 50 SMA And ideally most of today's morning video was simply to watch the 50 SMA as the over under bullish, bearish trend for the day as that's where a lot of the Algos are programmed and it's just how the market works, all right. So uh, when we look at this chart, it's going to be kind of annoying and slash busy with the way the market traded today, but we'll do our best to navigate it. So I'm just going to start by drawing on the screen.

So this morning when the market opened, it was down here, right? And ideally once you get through that 50, SMA that's where the Market's going to pop right. And once you get below this 50, SMA that's generally where it drops. and if you get back over, you're bullish. And you're bullish until the market gets below it.

then you would no longer be bullish. You can go to cash or flip bearish. So ideally what we're going to do is we're going to take this 50 SMA here and we're going to show you what the trading activity or trading environment looked like today. on and around that price point, using it as the over under bullish bearish Trend uh level.

So now what I'm going to do is I'm going to pull up a trading view real quick and we're going to work off of trading view All right. So we're also going to talk about some daily View apps. Um, that would help us kind of pick potential long points a little bit about Fibonacci and so on and so forth. All right.

so real quick. I'm going to go ahead delete some of this old stuff here and we'll kind of start from scratch again. So first thing we're going to do is we're going to, you know, zoom in over here real quick and we're going to put a horizontal price point at the 50 SMA which is that red line there? and the reason we're going to do that is just so we have a clear horizontal over under level that we can use as a reference point on the one minute chart to the right here. All right.

So let's go ahead. we're going to add a horizontal price point. All right, that's going to show up. Oh I Don't have my charts linked one second.

Okay, there we go. Okay, let's add that price point all day. Okay, and now you can see. it's on the right screen.

All right. So this here that purple line I added to the right screen. This is the price point of the 50 SMA Which is that red line there? It's actually it was a little lower going into the beginning of the day. It was really right about there.

Okay, so that's the 50 SMA And ideally the way this works is when the market is trading over it. We look for bullish movement which would come in the form of breakouts, pullbacks to it, and dip buys and only when we're below it do we consider the market to be bearish. So here would be the break below it. That would be bearish.

Okay, then obviously reclaiming that 50 SMA is bullish. You have your move up and then you'll see dips and get bought up all right. Now mind you, this is a moving average. So this purple line that we're showing you is only valid in the beginning.

in the morning and then as new candles come the 50 SMA goes up. So for example, to start the day, the 50 SMA was right here. Okay, so we'll put a little. this was the star today.

That's where the 50 SMA was. okay. Then as the market progresses, the 50 SMA goes up. So now what I'm gonna do is I'm going to move it upwards to where it would be, which is about right there.

Okay, so for example, we're going to move it to here. So you'll see that the 50 SMA was priced right there later in the day around 12 o'clock and this was that dip around 12 o'clock right to the 50 SMA bought up. Okay, then you will see later in the day the 50 SMA creeps up More so then it's priced right here. So theoretically support would be moving up as per a moving average Right Moving Average support moves up in relationship with the moving average.

Okay, now we'll move it all the way to where the market ended up breaking down at the end of the day here. All right, so you'll see the moving average be priced at Four Four Six Eighty Three. So we'll move this purple line up a little bit just to give you a reference point on the one minute and that's where the 50 SMA is at. Now remember what we said over the 50 SMA is bullish.

Below, it is bearish. So when we think about where that 50 SMA is located right here and we know that above, it's bullish, Below, its bearish. Let's see what happens later in the day when we finally break down that 50 SMA. So this here is the 50 SMA and that there is the breakdown and that there is referencing this point in the chart.

when the market finally decided to break the 50 SMA All right Now what I'm going to do is I'm going to bring up some pictures from earlier today that would show you that what we're doing in this video isn't Hindsight 2020, right? So this is all analysis that we actually do in real time. All right. So let's first start with this picture here. Uh, one second.

Where is that? Okay, All right. so this picture here would show you only below the purple line. can the market flush because that's the 50 SMA All right, take that off, bring back the next one. Okay, here's another picture pointing to CPI View App 50 SMA Breakdown: So that's pointing to the price point in which we first got our breakdown.

Next thing that we kind of start talking about is the Daily View app. This is the Daily View app. So that red V Web in there is the daily volume weighted average price support area that we would be watching for a dip. Buy Continuing on, this is me using a one minute chart and mapping off the daily V Web support Zone First Watch Long here.

Okay, foreign. Now what happens next is we come in very close to our Daily View app. Support long Zone It's those purple lines down there now. We actually shy it by a little bit, ended up taking off, but that's to kind of show you how we would use the 30 minute 50 SMA you know and dictate over under Bullish Bearish while simultaneously using longer term levels.

All right, So that would be a longer term Zone level to be long off of All right, simultaneously. Something else that is worth mentioning is though we were looking for that Daily View app support Zone as a long bottom and we shied it by a little bit. We were also watching the CPI announcement Fibonacci today which would put the Golden Pocket right in that area. So aside from you know, looking at the Daily View app Long Level you're also coming into the Golden Pocket 38.2 dip long level of today's CPI Fibonacci or sorry Fibonacci Sequence So again, CPI comes out the volatility of that.

we map that off. We're long bias in general. Therefore, we're going to map upwards and that gives us a Golden Pocket long Zone here. So not only do you have your CPI Fibonacci sequence by Zone here simultaneously, you have a longer term daily dip by V-wap here.

Okay, so now what we're going to do is we're going to transition over to a couple more posts here. Um, so that that way you can really get a feel for how I was watching the 50 SMA throughout the day. All right. So we're going to take this over here.

All right. So here's some posts, right? All right. So in this post here, we have yet to break down the 50 SMA. Thus, the market is still an uptrend.

blah blah blah. We only flip bearish when the 50 SMA breaks down. All right now. let's go to the next post below in this post.

I'm really just emphasizing how that candle comes down to the 50 SMA and gets bought right back up. We have yet to break down the 50 SMA Thus, the marker is still holding support slash uptrend. We only flip bearish when the 50 SMA breaks down. Continue Just another post here.

The market is starting to break below the 50. SMA To consider a true break, it needs to be strong and hold pullbacks below the 50 SMA Otherwise, it gets bought right back up. Continue on. There you go.

This is a break of the 50. SMA Now you watch for pullbacks to remain below. Pullbacks to remain below is another way for Zhang You're looking for pop to short, so pull backs up, sell into as long as it's maintaining below that 50. SMA If it were to pop up, reclaim the 50 SMA, you would no longer be sure.

So there are situations where you could break down, start, counter, Trend bouncing back up. so then you start to go short and then it does a full-on reclaim. And those are just kind of situations and there's not so much you can do about it. Kind of is what it is.

But the general rule of thumb and consensus is that when the 50 SMA breaks down as we see here in this photo, we can't be long bias until it reclaims. We don't have to be short biased, but if you want to do a more aggressive trading style where you trade long and short actively, then you would have been long in the morning as the market was dipping off the 50 and taking profit. And then when it breaks below the 50, you'd close. Longs Enter short as long as it remains below the 50.

Okay, so as you can see here, this is a breakdown of 50 SMA Now you watch for pullbacks to remain below. If you have been long, you should now be in cash. You should have been in cash even before this was, you know, taken a picture of when we started breaking it and close out lawns. All right.

Continue, this is a zoomed in photo on a one minute chart. You know, a few minutes after we broke it down. So again, I'm trying to make these posts as quick as I can. But anyways, notice how the market sells off here.

Question? Well, that's because we finally broke down the 50 SMA I Believe the next photo is kind of an enlarged photo showing both the 30 minute 50 and the one minute chart. So you'll see this is arrow pointing to the 50 SMA the breakdown level where the market turns into a downtrend and then on this photo to the right, it actually does a good representation of showing you kind of this is the market. Essentially right. That's the 50 SMA there.

So you know. Essentially, we've been bouncing the 50 bouncing the 50 bouncing the 50 holding Rolling bounce 50 bounce 50 bounce 50 finally gives up breaks 50 and the volume flushes. Okay, so um I might have no, that's about it. All right.

So again, this is a great kind of representation of how I follow the market What? I watch for So pretty much all today was, um, mainly long bias to start the day kind of consensus. and that's basically because we were over the 50. And then we were a little short bias here when we're below it. but then back to Long bias off the daily.

Once we cleared the 50 from, there was long bias dips until the market eventually gives in that 50.. Once below that 50 50, excuse me then you can kind of flip back to watching Uh Bearish plays. So right now we are no longer long biased the market. and that is because the market is still below the 30 minute 50.

SMA So the only way that we can actually be long bias the market with the anticipation of uptrending formations. Uh, so to speak. And that's not even a correct way of saying it. The better way of saying it is we can only be long bias in the anticipation of counter Trend balances right now because we're below the 50.

if we're above it, then we could consider this to be like uptrending long moves. So as long as you're below that 50 SMA these anything that gets bought below it is just a counter Trend bounce and we only expect those to not be counter Trend balances if we're above the 50. SMA Okay, and a good example uh, to help emphasize that point is if we scroll back in the chart kind of like here, right? So this is breaking over the 50. So this is a long bias Market until what? Until It Breaks below the 50 which happens here and then we would be in cash or we would not be long bias anymore.

Okay, and then a good example of trying to emphasize that everything below the 50 SMA is a counter Trend balance is. If we were to go back just a little bit in the chart to here, you will see the markets below the 50. here's a counter: Trend Bounce sold back down counter Trend Bounce sold back down counter Trend Bounce sold back down counter Trend Sold back down big counter Trend Sold back down, but plenty of room to make profit there. All right.

then Counter Trend Bounce reclaim 50 back to uptrend long. there's your uptrend line Okay So so that's to emphasize that when you're below the 50, they're counter Trend Longs And the reason we say that is because not that this bounce that you're currently seeing in the market isn't good to participate on. The thing is is, let's say you know you bought doesn't matter. Options Futures Equity blah blah blah.

And you're holding long. Holding long. Holding long. Holding long.

Holding long Holding long. Don't sell any. Take no profit. You could very well bounce back to what? The 50 SMA which is right here which dictates uptrend downtrend and it could get stuffed.

and then the market could very well sell off and remain into a downtrend and you effectively give back all of those profits. You may or may not do that, But the concept is this can Bounce from here to here and then get stuffed and stay into a downtrend. All right, so you're less likely to have continuation of the move unless you were over the 50. SMA And that takes us back to the same logic where if we were, you know, hold on one second.

if we're on this chart, we go all the way back to that downtrend. How crappy would it be if you bought this dip and then it reverses? You sell You buy this dip. Reverses you sell. Buy this dip.

reverses. sell by this dip, reverse itself versus if you just waited breaks to 50 SMA and you add into the dip right and then there's your long press right? And that's because you're over the 50. there is no longer that fighting of the downtrend, right. It could you know, turn into a false move and blah blah.

But that's the logic there. And if you see what's happening right now is the market is doing what reversing all the way back up to the 50. SMA So the logic here would be First, we expect there should be some resistance on the market pretty much now or very soon because we're coming back into that 50. SMA In rare instances, you would see this reverse all the way up and then just keep ripping through that.

That's not as common. So if you're along this bottom, you should be taking profit right there, right? You could have taken profit, should have been taken profit anywhere in that move. But if you're holding all the way from that bottom, this is a very logical spot to take some profit off as you near that 50. SMA And why? Because if the market wants to, it can hold it right here and then just keep it into a downtrend and then give you another leg down if you're in long and you're lucky.

Yeah, it breaks hold above and miraculously keeps going. all right. But you don't know. But what you do know is you're still below the 50, which therefore signifies that you're in a downtrend still.

This counter Trend bounce could take you to an uptrend, but you just don't know. All right, So this is a logical spot to be taking profit on the long. potentially doing a top tick short somewhere on that 50. SMA As the market retests, its breakdown.

Okay, um, yeah, so that's pretty much it. So you know going into tomorrow, the reality is, um, you're below the 50 SMA So when the short-term trading environment you're not even really long bias or the momentum is not favoring you on the upside, so we should, just, well, the reality is, if you're in Long right now, you should be selling. and if you weren't in Long right now is a decent area to take top tick shorts, right? So that's that's the current play right now, right? And so the best case scenario for your top tick short here is stays below this 50 SMA and then just basically falls out. That's best case.

you could have already taken profit, right? That's best case scenario. Best case scenario on the long is eventually you get back up over this right and then you keep going long. So that's it, right? You see how we just came all the way to here and then just slam back down. I Mean did I know we were going to have that aggressive in a candle right this second? No.

I Had no clue. but I did know that the market is still down trending which is the 50 SMA and we just explained that everything below this is a counter Trend Bounce because you're not above, right? So if this is not going to go back above then this is what that market does. All right it can you can flop over. So um yeah, that's I mean I guess that's about it so everyone take care, have a great day! I Guess let me know what you guys think in the comments section.

Are these videos? uh, detailed enough? Are we hitting all the bases for you guys? Is this a little more clear than hopefully some of the other YouTube videos online? If so, let me know I'd appreciate it and I'll catch you guys later.