Good morning, ladies and gentlemen, everybody welcome back to the channel! Happy! Tuesday I Hope everyone's excited to watch the market these days, But uh? with that being said, the most important thing on the table right now that everyone is talking about is the debt ceiling race. I'll shine just about a minute on it because again, there's about 36 trillion other people on the internet. they can talk to you about it. Uh, the most important thing you have to understand is the debt ceiling raise has probably already been priced into the market.

So when and if the day comes that they go, we've raised the Duds Doing? You don't really expect fireworks? Okay, because that's already been expected. Um, and when we say it's been expected, you know it's it's like, do you really think the government's not going to raise the debt ceiling? No, they're most likely going to raise it that ceiling. So knowing that we already know the outcome, knowing our the outcome, we can already just trade up in anticipation of the outcome. That's the concept.

Uh. Furthermore, you also have to understand that the government doesn't have a really good track record of of doing the right thing, at least in my opinion, especially when it comes to finances. so there will most likely continue to take on more debt, which is the wrong thing to be doing. Um, and the reason we have to do that is because it'd be economic chaos and maybe just catastrophic if we didn't So nobody wants to meet that demon.

They rather, just, uh, meet the demon. You know when there's absolutely no, no, no option left. So pretty much we're gonna ride this train until till the wheels fall off. So that being said, continue to expect your country goes into massive amounts of debt unless the government finds some schemey, schemey, shady, obscure way to scream out of it which could very well be as some sort of digital.

Currency Reset Which is my expectation I Have at this point pretty good confidence that the United States will never pay back the debt. We either go through extreme hyperinflation or we will go into a new digital currency aged world where somehow, by some means we're able to skate away from the hyperflation and debt by implementing some new schemey Shady digital currency. Um, probably something like that. Okay, on to the next thing is the charts.

So looking at the charts, we're still in an uptrend we've been pulling back. Okay, but again, it's it's the 10-day 30-minute open, high, low, closed chart. Let me take off some of these drawings real quick. so it's nice and clean.

Okay, everybody is shreddy like some shredded cheese. So here is a Buy Signal This is your short-term trend. This is your little bit of a medium term Trend All right. So pretty much all that means is you're not bearish until you're below that.

Okay, where is that? That is where it is. Right here. Pretty much where the market is at this morning. just over support So until the market breaks down for 1738, we're still on the up so there's a good chance you can see this pretty much just get bought up and kind of hold support here or it can break under.

It can do whatever it wants. Really the best way to think about that price point I Showed you the 50 SMA is that's the trend and over It is bullish. Coming into it can be used as support. and if it breaks, that's where greater selling can occur.

So it becomes a very defined moment in the chart, especially when the price gets there. When the price gets to the 50 SMA again, it can become not become. You should always expect that it is support first until broken, right? So as the market comes into that price point, you can think to yourself that a bunch of algorithms are trading and going. Are we going to stay over? Are we going to go on, Or we stay over.

We're going under. This has nothing to do. This has very, very little to do with with with retail. At this point, when the market comes into that price point that 4 17 30s area, we we got close.

We got to like 417 45 or something like that this morning. When it comes into that price point, um, there's algorithms just trading like nuts trying to decide do we stay up or do we go down? Do we stay up Or do we go down? So it's a very algorithmic trading price point. Um, in the moment in time when the market gets to there. So right now we're above it.

therefore we're probably I Mean, we're already seeing it. You can already see the defense that's getting put in there or any. So the Market's been selling down all morning and then we've come down close to the 50 SMA price point. We're kind of holding this little base right.

so pretty common to see. So going into today, you're pretty much watching the price point of 4 17, 23 for a bounce and or some sort of shift below for a break. All right. now.

Once and if we break down the 50 SMA we're most likely going to be targeting the Buy Signal support level which is about 416.83 So pretty much you know that's just it. Again, this is. uh, this was our last Buy Signal Let me delete this one I need that. This is our last Buy Signal So our last Buy Signal View app is right here.

Therefore, once the 50 SMA breaks which is pretty much 4 17, 30. markets are going to wash to about here. Marcus will most likely try to bounce this. if they reclaim the 50 SMA from there, then we're going to be back.

On the upside, and there's only a bigger, more drastic sell-off once the market takes out the Buy Signal V wet. Once we take out the Buy Signal V web, and if the market wants to go into a full-blown sell-off and wash out the Buy Signal View app volume, then we're going to look for the lower distribution which is 415. So pretty much the sequence of events is Market must maintain over the 50 SMA to keep Trend up if market ends up breaking 50. SMA we're going to go and Target the Buy Signal View app which is around 4 16, 60s for 1680s or something like that.

and there's only a more drastic sell-off once the 416v web gets taken up. The reason there's only a more drastic solve once the 416, 50, 80, V web is taken out is because that's where most of the buying volume is concentrated over the past past week or so from this rally. So this rally that I just drew a triangle on all of that buying volume is concentrated here. In order to get a big wash, you need to take out those buyers and have them start becoming Sellers and their selling volume will wash the market down to their Max Payne lower distribution which is 415.

uh, and that's pretty much it for now other than Biden still likes Sniff Kids uh and that's about it. Alright guys, take care, have a good one.