What's going on, guys, welcome back to the channel. appreciate you guys tuning in. Uh, if my voice sounds a little deep, that's because uh I came down with something over the weekend. Still sick right now, but I've been laying on the couch for you know, 48 hours so I'm kind of kind of sick of doing that.

So I figured I'd get up and do a little bit of work before laying back down. All right. So first things first. Uh Market is below the 50 SMA.

Uh, so therefore Market is in a downtrend. It's bearish. Um, we have yet to even break over the tennisame which is right here, which is four, four, four eighteen. So generally speaking, once the market flips below or above the 50.

SMA Obviously it turns into bearish or bullish. Then from there before, um, you know a reversal would even occur. The first thing you have to see happen would be the 10 SMA break. So sort of a good example is like right here.

Okay, you see how the market breaks over the 50 so ideas we are a long bias up. Then you see when the reversal actually takes place following day. Once it breaks the 10, SMA then you get a reversal. move down.

Same logic here. we broke the 50. SMA So the market is trading bearish and down. Before we would even consider the market is making a reversal or a dead cap bounce.

per se, it would have to be over four, four, four eighteen. So until that happens, you don't even consider that there's a reversal. long bounce taking place. Okay, otherwise it's just gonna continue to bleed out sort of thing.

All right. Um, now we're going to move over to some View apps I posted a video uh I think it was Friday which basically says we want to be long down here in the yeah, we want to be long down here at like 436 to or wait, what is this? That's the weekly I don't know where I'm getting that. Oh, it might be the daily. Excuse me.

All right. So one second guys. yeah, see that I actually did my analysis on Friday incorrectly. Whatever I did was wrong.

So good news for those who watch today because whatever I did Friday was incorrect. Um, we are I think it is. Let me just let me just re-get my brain set up so we ought to be watching first long. I think pre-market now because that's going to be the daily V web continuation support Yeah, so you see how you see how when I anchor this here.

Just just trust me. I Just told you my analysis was wrong a second ago and it really was I thought I had it correct but whatever I was looking at wasn't right. Um, so it's really this level here. All right.

You see how we got it creeping up and that price point comes in at 4, 4, 2, 13 44233 So that's one of our daily viewab long levels that we would First Watch for a little mini bounce. So just gonna mention, remember how we said, unless it breaks over the tennisame then it's not really bullish, right? Well, that's true. And along the way I watch V webs to see where potential reversal points might start right? because obviously we know it's not reversing even halfway decent until it's over 444.. But along the lines, something has to eventually stop the market from going down to then create a reversal.

And generally we watch V-waps for those sorts of things. So we do have a Daily View app right here on this pre-market low area, which is kind of creating this hold for me. So arguably you might get a little bounce here. it kind of rolls back up towards like the tennis May or something.

So um, this will say if in the event this daily View app holds here initial first, that would be long from here to here and then back to short right? So that's very intermediate. The general consensus right now is downtrend, right? So the only reason I even mentioned long there is just because we're coming into a daily B web. so it provides the opportunity for a potential intraday long Bounce That Could then get sold into in a second. So uh, best case scenario for now, Daily View app hold here Longs are going to look for a move basically to there and then we should end up probably rolling the market back down.

Um, and then next thing is going to be our weekly scale which is all right, this is there. Maybe I did have it right, but it was just looking wrong I Don't know because we also have weekly Vu apps which are better than the daily View apps right here which start at 440 to 438. So I don't know what I did or why I thought it was wrong. or maybe it doesn't have the levels on the chart.

that's probably I think I deleted them. that's why I looked wrong. So I am right. this is our weekly View app Zone to watch long in.

The only thing that potentially prevents us from going into this weekly long zone is most likely the daily V web, which currently that's our pre-market low. So our daily View app zone is from here to here. Let's see that would be this long. No, we're not even? Nope.

Yeah, so our daily View app long is is right there at pre-market low today. So ideally it's however, this holds right. So if this daily view episode I'm drawn right now, that's nightmare Zone is just one price level. Really, if that holds and balances right, we can go back to here.

But ideally I would love to see this continue to fall. I'll go into our weekly long Zone and then get along there. That's where a better opportunity is for me. I think So.

Um, right now the market is bearish. We're in a downtrend. We have V web levels that are coming up that can create a bottom and reverse the market. So I would suggest that if you want to be long biased the market, you wait for the break over the 50.

SMS Generally that that's going to be the easiest way for most people to follow along the market. All the other stuff I just added to the chart is really just getting very detailed. um, trying to find basically support levels as opposed to Trends. So what we're doing on the chart here is mapping off potential reversal levels Smas give you.

Trend So right, the SMA system is all about. Trend V Webs are about catching reversals, low risk entries and things like that. Prior to new transforming, we're ideally trying to find the price point. so it's the very low point before a new trend.

the upside would start. So I'm getting at is we are coming into a daily support pre-market low. All right, there's good chance we can balance that afterwards. 440 438 area is a weekly long Zone Uh, we are bearish and that's probably it for now.

All right guys, take care. have a good one.