What's going on guys, welcome back to the channel appreciate you guys tuning in what we have for you today is another live recording video. Now, this time it's going to be of the nasdaq futures and the s p, 500 futures, because the stock market was closed today. These were the instruments that were still trading, so what we have is a live video, but before we go into the live, video we're actually going to dive through my twitter feed just a little bit and the reason being is because i did not start recording the Market live last night. I started recording it live this morning, but my twitter feed has all of the levels that were in place last night, and so my twitter feed will show you guys how the markets were trading last night and then kind of coincide with the video that i recorded.

This morning, so let's get started. So here is my twitter feed. This was the first post last night, 16 hours ago, okay, so this is basically a screenshot showing you where statistical probability lines existed last night so last night. This is exactly where these probability levels were for um looks like i think this was uh the spy all right, and this was the nasdaq.

So here are the two pictures i posted regarding, where the s p 500 levels were at and where the nasdaq levels were at so real quickly. You can see when the futures market open on the es we basically sold down close to this monthly statistical level, which the monthly statistical levels do kind of move a little bit, which we won't totally get it to in this video. But you can see we go down to the monthly and it spikes back up to this gray dotted line, and this green one. So this green one is a six month and this gray dotted line is a half month, deviation which some of you guys may not know what it is, but it just basically means it's a target support resistance, a probability line, okay, and so you will also see That the nasdaq was set up pretty similar.

The only difference was the nasdaq futures opened up down onto a negative two deviation weekly and then bounced up to another one all right, so i just want to take you guys through all these screenshots all right. So this was um looks like a 10 minute time frame. Then i started showing you what it looked like on a one minute. So when you go to a one minute chart, it provides you a little bit more detail right, so the one minute chart would basically show you that we were holding the negative two weekly deviation, while at the same time, arguably creating what looked like.

Maybe a bear flag, bearish pennant, all right, so you see the bear flag, bearish pendant on the nasdaq breaks down, and then it pushes back up to that level. So the way that you first rationalize, this is okay for one. You break this support, but you don't chase down. You always wait for the retest and in this case the retest comes, and if you entered short here, you would clearly feel that this probably wasn't going to work as it started.

Creating higher lows and maybe getting above this level, so here's the deal. This is sort of a bearish move, arguably sucked in some people short and as the market comes back up over that level, everybody going short for that pattern. Break gets squeezed back up and over that deviation level all right from there. You will see that this bullish, breakout move pretty much runs all the way up to.

You know like this deviation area, but we'll get more into that all right push it up to um. Sorry, the um, the uh, the es right. So this is where we have to look at this picture and this picture see. If you look at the picture on the bottom - and you were just focusing on the nasdaq, it would look like okay, the market had broken down in which it does it breaks down, but why does the market stop right there? Well, if you look at the es, you will see that once the market broke down, it was really just running into a monthly level which this one had to maintain below for the bearish move to continue all right.

So the same concept applies here where market breaks down and that would be the re-test of the breakdown all right and same thing here. Markets sold down and it breaks this level, and that will be the retest and the fail right. So it squeezes back up and over and then you will see the market holds dip support here. So when you go back to the es, the reason that the market is holding dips right about, there is because at the same time, the nasdaq or sorry the es had support right there.

All right so continue up um and we go to the next es. Chart up so you'll see breakout from this level runs up to the next level. Okay, now i put some more little beautiful pictures on there. This is a bearish breakdown right into monthly support levels, so that is kind of that bearish flag.

Pennant breaks down right into monthly support levels so right there, okay and then you can see the flag pattern. It breaks up to the next target. All right continue another little beautiful picture here on the es, so this pattern sucked in some shorts boom. This is a known statistical support level for um statistical, analysts and traders.

So i bet some people entered short, so they get in short, that creates supply that breaks it down all right. So that's an entry for a pattern, visual pattern, trader and then you'll see when the market breaks up. The breakout occurs at the same price levels where the short sellers traded. The pattern down your opponent's loss is your gain.

The market is a zero-sum gain, so literally it's just a transfer of money from one person's account to another person's account: minus the fees for trading commission and ecn fees to go along to making this whole game work. So it's a zero-sum game. So again, for someone to win, someone has to lose right, all right, so anyways this sucks in shorts, anybody's pattern trading and then they get blown up to the next statistical level. So, theoretically, if you went short here and it failed right, your risk is all the way to here.

Theoretically, all right continue on up. This is some more pictures pointing at targets up to four three six, three and and what have you so there's just some cool pictures that i got continuing to post. So here's an important one all right, so the market ends up breaking up to that level, and this is a pullback destination depends if the market wants to retest this breakout quickly or not. So remember that every time you break one of these statistical probability areas it's a breakout, even though a pattern might not occur or something that visually looks familiar may not occur as long as it crosses one of these levels, it's theoretically a breakout, so you don't have To get a bunch of tops that break over tops for it to be a breakout, you can get one pullback and it goes above and that's a breakout all right.

So, theoretically, that's a breakout and before the market can continue going that way indefinitely for forever. A lot of times it's going to want to retest that breakout. So in this case that's a forward, slash es and the price is like 4300 and i don't know. I can't really tell because i cut off the screen there - all right.

Maybe it gets it in this one there we go all right, so you can see that obviously this level doesn't hold and we'll pull back to there anyways. This will come a little bit more apparent here in just a second, so i think that's good. On the whole twitter feed, now we're going to go, take a look at the market. This is: what's happened to the market, all right so remember when we had said that the market may need to pull back and retest that breakout.

Well, obviously, you can see the market ended up pulling back and it obviously tested where it broke, and it just kept going all right. So now, what we're going to do is we're going to bring up the live, video and fast forward through all of these points. For you, sorry, i didn't have an ongoing recording for forever, but we'll fast forward and kind of go through a lot of these talking points right. So from this perspective, you can clearly see the markets pushed up and we pulled back to about this statistical level.

You got a little pop and then it fell right through down to the next statistical level a little pop and that fell right through it basically took the nasdaq all the way down to that original spot. Remember when the nasdaq opened up so watch ready. Let me bring up that twitter feed. Okay, let's find it all right here.

We go all right so see where the nasdaq's at you see that negative two weekly right see how the market found support broke up right. It broke up now, go back! There's that negative! Two weekly: that's where the market broke up and then you can see, as it came all the way back down, re-tested that demand spot. We did get a bounce, but that is still fading up all right. So let's go into this video we're going to hit play and we'll fast forward through all right.

So this is when i first started recording it. So you can see that the market is at the negative two weekly when i start recording this and then i actually zoom in on the screen to the right. So you can see how it's interacting right. So look at it from a zoomed out view, and this is a five minute time frame.

So you can see we get down to there and there's a bounce all right and then that's a pullback right to that level. Kind of trying to create maybe a high or low off it and sustain, and so you see that's why those those wicks are getting created right. You can see that boom wick trying to get bought up, trying to hold, and then you see where the break happens. Right so think about that.

Look at that snap through and - and i didn't i was so zoomed in - i couldn't get the bottom of that move. You see i zoom out here all right, so why does it snap so much? Is it because it's breaking the green line, yes, but there's more to it than breaking the green line right, and that is when the market first opened. Where was all the demand right about there specifically because of this green level? So the reason the market shoots up here is because we have support here. Support is identified by the green line.

Most of the demand comes right here when the move actually happens, but the reality is once you break through this. The reason for everyone buying here, it's kind of eliminated right. You came down, you thought it was support, so you bought market works and now you're coming back through it. Well, we we had support there and now everybody who has an average price of ownership there blah blah blah they all get stopped out.

Okay, so you will see that the es here does not specifically have a level there all right. So you see that the market does not specifically have a level for the es there, but the nasdaq does. So, if you time that level up here on the nasdaq with the spy, you will see that the markets both break down at the same time. So, regardless of uh, the es having support or not the nasdaq broke its support, and that is, i guess you could say you know resembling the move down there on the es, all right so continue on and basically here's the deal you don't chase.

The breakdown always wait for the retest right. Just as we talked about up here, market broke out a lot of times, there's going to be a re-test. In this case the market pulled back and it's re-tested just failed and kept going. So, instead of chasing the short move down, yuri's going to want to wait for a retest all right, so let's see what ends up happening.

Market moves down, maybe pop up and there's pretty much your retest not quite there. It is okay. So there is the retest right there right there boom, there's your retest of that green line after the breakdown and then see how the candle gets shot down immediately, so people entering bearish, possibly selling debatable. However, you want to view it all right, and then you see how the candle pops really aggressively over that line.

That's because anybody chasing the short down below that line is probably now getting squeezed out a bit all right, and so now really the market can't move lower on the nasdaq or even the spy until it maintains below that level indefinitely for the time being, and so, If you had just kind of sat back instead of so look, i think if you chased down you'd be getting squeezed up, whereas if you had just waited for the retest, you could have maybe been bearish and you have a such smaller loss all right. So we continue fast forwarding, yada, yada yada. You will see where the market pretty much goes next uh. It almost went to the next deviation level.

Up you can see the the nasdaq deviation level is right about there, also close to that 50 moving average fast forward. You see it. Pops up ends up selling down now, look at where the pullback sells down to okay. There you go so if you thought that this was a breakup, don't chase the breakout, you can wait for the pullback right, pull back to that level.

Right you'd be much smarter, entering a dip off that level than trying to chase the break up to the upside all right. So you add long off that dip level, and in this case it doesn't hold very well, but you can see how that market does kind of pull back to that green level right and it does it again. There tries to bounce. Does it again there tries to bounce, and you can see eventually we snap down again alright.

So if you think about it, the market breaks back up. So that's a fresh breakout to the upside. This here is a pullback to retest the breakout to the upside. Doesn't really hold that well and then we push back up and over and all these people dip buying this higher low and all around.

This deviation eventually are like you know what. Maybe this isn't going to work and where is the big next kind of panic candle happen as the market gives up below the green line boom? Okay, so now it wouldn't be surprised if this green move comes back up to re-test, because now that would be a break back below. So that's a break down, and this would be the re-test of that breakdown and we didn't even quite get there. You can see it shied it a little bit but pull back almost all the way up to there and then we kind of fade out some more so on so forth, and so that is pretty much uh.

All the recording we got and i will make sure to continue doing these for you guys. All i ask in return is just hit the thumbs up. Button share the videos, if you may, with that being said, i will catch you guys on the next video everybody. Take care.