What's going on, guys, welcome back to the channel. Appreciate you guys tuning in. I Know the uploads haven't been super consistent? Uh, but we'll get back to a more consistent uh schedule here sooner than later. But that being said, Market has had an extremely big gap down.

so overall we're just going to kind of run through the market really quickly, get you guys up to speed and kind of show you what I've been looking at really the past day or so? Um, so that way everyone's up to speed, not confused, and we get rocking and rolling. So I'm going to pull down a chart here in just a second. Alrighty, so yesterday in the market the market gave a sell signal. so we've been on this really nice bullish move you can see back here that was your Buy Signal the 10 over the 50.

since then, the Market's been ramping up for a couple weeks now. week and a half or so. Just yesterday, the market finally broke the 50. SMA that is going to be the early sell signal followed by the 10 SMA Crossing below the 50 and then that dictates the true sell signal.

So again, you can see here: 10 over 50 Market goes up 10 below 50. Market goes down so the moving average is here and the 50 SMA are to dictate up Trend downtrend. Then alongside of that there are other tools and things you can use to gain some extra Edge. So now we're going to go over to trading View and we're going to talk on Trading View for a second.

So when we look at Trading View I Use this for anchor V Webs All right. So pretty much what's going on here is this: This was the 10 SMA break point Yesterday this was the 50 SMA break point yesterday. The Blue Line in the red line are the volume weighted average price of the break down yesterday. Meaning that is your Trend resistance.

So if you're lucky enough to see the market bounce into the red and blue, highly likely it's going to be a good short move. if you were to get back in there. this blue line is the volume weighted average price of the previous bullish Cross. Okay, so let's think about this.

The last time we had a bullish cross, it was right here. The volume weighted average price of that move is here. Okay, just yesterday we got a bearish cross and that happens right there. And these blue and red are the volume weighted average price of that breakdown.

So you can think of it like this from the last time the market was bullish. The buyers in their average ownership per share price is right about there and it looks a little different depending on the time scale you're at. So we're just gonna go. It's right here.

Okay, and the average per share price of the new Bearish Cross. So Traders Volume and Market participants that are participating in a bearish manner. Their average ownership and average volume weighted average volume weighted average price is this blue and like red line which is right here. So if you think about it like two lines coming together all right you have old new is the new market participants participating Bearish strong enough to take out the old and if they are, they will most likely take and wash the long volume to what I call the lower distribution which is here which is generally going to be like a stop loss location for most.

Okay so to make it less confusing, this is the volume weighted average price of the last Bullish move or Buy Signal on the market. So if you go below this blue line, you're effectively taking out most of the long biased traders that have been participating in this market environment since this date and time and this one and this day and this day and this day and the same to say this entire move has an accumulative average share price of right here. When you go below that, you're effectively washing out 90 of everyone that traded that or pretty much you are just washing out the average share price of that bullish Buy Signal And the reason they got washed is because the new sell signal volume which just started yesterday was strong enough to take out the old buyers. All right.

And now the old buyers are getting washed out completely on a gap down today to this green line. The green line for me is the lower band or what I call the lower distribution so that's that I mean you know? And then the last thing that I will I will touch on is I'm not going to um, you know I want to show you guys a picture from yesterday on Discord than a picture I posted on uh, you know we posted on um what's it called um or I'll just go to Twitter it'll make my life easier. but I did post in a Discord but I can find it quicker on Twitter All right. so I'm going to pull over Twitter really quickly.

Do remember to follow Connor and Cody pull from technical analysis. Uh, Connor is me and Cody's my dog. Cody's usually the one that posts on Twitter So all the TA you see there, it's being done by a dog. Really good dog.

Beautiful wholesome dog. Really really good guy there. so just just make sure to give Cody a follow. That's him right there.

A little champ, little guy, a little cutie. where are you at anyway? get in this office little guy. all right. So the purpose of kind of going through this tweet is to show you that these are things that I'm able to see.

and it's not like you're going to capitalize on every single one of these movements, right? But the longer you sit in front of screens and the more you play around and the more you learn volume and understand the markets and how to put things together to paint a picture for yourself. Whatever way you determine painting that picture works, it's going to help you and maybe this is one of them for you guys. Okay, so this is the picture from this morning where we're at the gap down right. we've gapped down to the green which is basically 388.54 right? Like or that green Line's 388.54 Okay, so if you look at um, the thread that I posted yesterday, here's the thread.

All right. Obviously you already know we got a new cell signal today. Okay, that's the sell signal blue below the red and also the earlier signal which is the break of the 50. obviously you already know we got a new sell signal as I just showed you a second ago and we took out the volume weighted average price of the most recent Buy Signal The blue line as we talked about previously, many long Traders are getting washed today.

bearish till stated otherwise. excuse me. If we fully wash out all the Longs from the last run, we will see the price of 388 387, then it would be wise to buy into their stop loss location or ramp it back up to the previous average share price. You can see that the Green line is located here in between 388 and 387.

Now, if you look at the chart this morning, you will see that it's slightly updated a little higher as the day progressed and we're into the new day and it's at about 388.50s So again, you can see from the post yesterday the plan was by taking out this blue line. you're washing the long volume and if it fully gets washed, you will see 388 37 because that would be the lower distribution of the previous Buy Signal which would most likely be a stop loss location of everyone who's been bullish and obviously a lower bound support of the previous bullish move. and that is why in the next post I say the middle blue line is a previous average share price for Longs of the last. Buy Signal The lower green line is a lower distribution many times a stop out bounce location that takes us back towards the middle.

Blue Line You know how like when you're long and then you get stopped out and the market reverses right back to where you were in like God Damn it very common. Okay, so that will take us back towards the middle. Blue Line Overall, bearish. for now we'll see how earnings do going forward.

So pretty much yesterday. Um, we've already had the plan in place. take out the blue line, watch figures down to about here this morning. I'll probably be looking to cover some of my shorts and some of my call cells from yesterday.

Uh, and maybe looking to add long. Um, yeah. so so pretty much right now. maybe looking at an oversold short-term bounce up, then look for a short play later, but that's pretty much the plan for now.

I Hope you guys Enjoy! have a good one and I'll catch on the flip side.