What's going on, guys, welcome back to the channel. Appreciate you guys tuning in. Uh, so we're gonna get ready to cover. uh, the market today. Um, so specifically yesterday I Kind of mentioned we were at an inflection point. Um, on the spy and that was pretty much. uh, the market was trading like right at about the 50 SMA pre-market and in this day. So when that happens, ideally it's it's at the inflection point Either we're going to get pushed down off of it and continue down. or a lot of times we can see a reversal up and out. kind of like the breakout Point Trend change point if you may. So ultimately, yesterday we opened at the 50 SMA There's a short trade. later in the day we try to break it, we fail, we snap down, and ultimately we keep getting Dipbot. We create a bullish cross here and that would have been your signal to pretty much definitely not be short and flip long bias. So by this bullish cross happening here, you could have caught this moving into after hours a little bit. But overall, that was sort of the Buy Signal yesterday. So if I do this I'm going to draw a line right through it right there. Um, yep, just like that. Okay, so by drawing that line directly through the Cross Point or the Buy Signal you would have came up with a Buy Signal and let me move this chart down a little bit right there. So that would have been when the cross happened and you can see you catch that breakout move and then it's not always going to be exactly like that in terms of catching the move immediately. But ultimately, it happened yesterday and the reason that it happened. But yeah, it doesn't matter, we'll just confuse you guys. But anyways, so it doesn't always happen like that. but um, the moving averages were kind of tied together. Sorry, cool. So that's when the cross happened yesterday, so you should be biased to the upside off of that. Now Next rule of business is pretty much when you break the 50, we always expect to move to the hundred. so we got the move to the hundred after hours or not after hours, but pretty much towards the end of the day. So end of the day Market goes to the 100. SMA All right. So ideally this is going to be kind of like the Resistance Point Uh, in terms of moving averages right? about 380 62 right now. Which basically means unless you go above that, you're not going to see any higher. Um, so yeah, all right. cool. Next line of business is this chart. Okay, so this chart here has statistical probabilities. So pretty much this was a statistical probability down to the next we bounced. We've broken the half one halfway marker and I I could actually show you here on this chart. to the right has a little more, a little more of it going on. Um, so pretty much one deviation break breaks half deviation lower high off half deviation, move to the mean bounce. the mean revert back to the halfway marker. half deviation fine resistance. slam down does not continue below the mean double bottom. Whatever bounce back to the halfway marker breaks above the halfway marker, holds higher or lower highs off of the halfway marker yesterday or not yesterday day before. All right, We or no, that was yesterday. Excuse me? Yeah, so pretty much oh I didn't even notice that. Yeah, I was looking at mostly this chart yesterday, but yesterday we actually were holding. um, half deviation breakouts there on these dips. Uh, and then Market moves up after hours. All right. Cool. So pretty much yeah. from one deviation to the mean mean to half deviation, tries to break below cannot breaks over the half deviation, pull back higher, low holding breakout of the half deviation. Then you get the bullish cross. Like right? I think it was like right there, something like that right there. Okay, and then the market rips up from off that move. Okay, now, um, next thing that we're going to discuss will be the anchor V Webs All right? So this is like another line of things that I use. So this right? So we're going to look at this that one and that's actually not correct somehow. That one is definitely wrong. So I gotta change that so that would have been Ah that's exactly what I could supposed to be one You know? Yeah, that is definitely more correct. Gotcha All right? Cool. So these are the ones we're focusing on right now. These are the Anchor View apps. All right. So this Anchor View up here. Doink and this one here. Doink. So that is the break of the 10 SMA that led to a bearish cross. All right, And this is the break of the 50 estimate. So pretty much this is the 10 SMA break and then somewhere here we get a bearish cross bearish cross going into the Fomc and the Fomc does. the volatility snaps up and then eventually break the 50 SMA and we Trend down. So these are the two volume weighted average prices from those two significant points that create the bearish cross. Okay, so if we continue over, you'll pretty much see that those two lines kind of become like the short in the zone for the top Just uh, two days ago or whatever the other day. and then as we move into today, you can see right, we break over the 50. Anchor View app. we can't sustain, it, sells down, and then we bounce right back to the Anchor V web. and then we break over the Anchor View app to retest the 10 SMA Anchor V web And then yesterday we just trade in between the 10 SMA Anchor V web, the 50 SMA Anchor V web and pretty much just go back and forth trading in between the 10 and 50 SMA anchor V web until we get the Buy Signal and then the Buy Signal breaks out the anchor V web of the 10 SMA from the last time and that's a bearish one. So we've broken above and then there's your retest of your 10 SMA Anchor View app. Okay now what we have going on now is also a new 50 SMA Anchor View app and 10 SMA an interview web and the reason being is because we created a bullish cross here. So the same thing we did back here when we anchored to the 10 and we anchored to the 50 that broke and led to the Bearish Cross Well this is the 10 SMA break up that led to the Bullish Cross here. and then this is the 50 SMA kind of break away after the cross. So now these are pretty much our two. arguably like this whole area is a support because this was the bearish trend, blue line and Redline and we broke above that. So now these short sellers are under water and these are dip buys off of it going up. Okay, so ultimately you're kind of bullish right now, only because you got the bullish cross at the same time. I I'm not really even that bullish because we have CPI coming out Thursday So I'm not going to make a whole lot out of this bullish Cross for right now. Um, and also because we have 383 here, the statistical probability and pretty much that's resistance. So we went from the mean, we bounced all the way back almost to 383 and we know that the market can't really Trend too much higher till it gets over that statistical probability and then this is kind of currently the trading range of the market. This is where the Market's box and so we get out of this box. you're just going to trade in between this Zone and the zone. So for now I mean I'm not really that bullish going up. Um, yesterday was kind of a good move. Either way, this is the guideline, right? There's a bunch of things I could see in between in the immediate how to do this, how to do that? But ultimately this is the guide, right? You got a bearish cross here. Fomc, we just get clapped all right and then we hit a 261. FIB Whatever come up we're trying to hold below the 50. We can. We can't We can. We break over the 50 and we get a bullet across. You're going to see a bullish move. There's your bullish move all right. and now you're towards like this 381 or 383 statistical probability which we know that once you get over then yeah, maybe we can go higher. But until that happens, this is the top. Um, so we had a bullish cross here. We had a reversal here. Bullish crossed here. Now we're almost at resistance, so we might get a little more upside today. Maybe not. And so whatever. For what it's worth, you're not really short bias unless you're trying to predict the top. Um, if you want to be short biased, you can just wait until you break the 50 SMA here and then you'll have a higher likelihood of having a winning trade as opposed to trying to short this top and then hope it goes down. and then when it doesn't you're like, oh, I don't want to sit in the Stream or and you have to wait three days or four days or three hours. Who knows, Whatever, right? So just wait for the Bears crossbows, cross trade upside down and you'll probably do just fine. And uh, with that being said, that's pretty much it. I mean price targets for the day I mean I mean I don't really have many. Um I mean objectively, like I said before, this is currently the bigger Trading Zone From here to here, the smaller short-term Trading Zone is from here to here. Um, we can't go higher unless we go over this. We can't go much low. We can. We can trade in between this box, but we can't go higher than that. So you get above this. All right. And this is actually forward slash Es I'm showing on everybody. it doesn't matter, right? This is the range. That's your range right now. That's the only thing that you should expect from there to there. You can only hope and want and look for higher once you get above and once you get Ebola and then what's in what's in, play this one and this one and then if you go down, if you break down below this and you go into here, this is your trading range and you shouldn't expect anything higher until you get below this one or back above that one. So that's all it. And I can say I used to like watch. let's go back on like a 10 day I'm having some fun now. All right, this is already like a 15 day or some something like that. I mean I could even do like a higher time frame too. so we're like not having to do like whatever like 20 minutes. All right. So this is the concept. Inside The Box You don't expect to run until you break out of it. I mean obviously you break up here and where do you go to the next one above and then you pull back and then you break out and then where you can go the next one above and then you can only go to this one If you break out this one and this one gets stuffed here, pulls back down to the sky. We break here, does not go to lower, get sustained, goes back up where we go back to the one above. Okay, then we break out. Where do we try to go? The one above can't we hold the pullback here. We try to go up to the next one. can't we pull back and then fomc we break support snaps the one below break that go to the next one down. pull back up half deviation, break above. same concept we break above here where we're trying to go the one above you can't go higher. you can go to here, but not much higher till you get above that one. So it's either a hard rejection here or some Dilly down. Eventually get above it right? So that's it. So you have CPI coming out on Thursday right? So if we're going to break out in my opinion, if we're going to break, whether it be this or that or any of these, it's going to happen most likely. But well, pretty much this is where we're at right now. we're in this, right? So if we're going to break out either one of these, it's most likely going to be happening. Um, with the CPI release? Okay, which is that? Am I losing track of days here? Is that how fast this week's No It's only Tuesday Okay, Um so yeah, all right guys, you have a good one. Take care, have fun and Cheers.!