Everybody welcome back to the channel. In today's video, we're going to talk about a stock in a sector actually that I believe is about to make a massive move within the next few days. And while you should keep it on your watch list, we're also going to talk about the upcoming CPI data and what to expect as well. Uh, so again, before we begin, do not forget to annihilate the left button on your way in.

And also don't forget to subscribe to the channel if you are new. Alright, so let's get right into it. Right off the bat, we got the Spy over here. It's been a while since we've talked about the Spy now.

the Spy made a really solid a solid move throughout the first two weeks of April And the reason why this massive move occurred is simply because of the it's right there, simply because of this simple structure on the charts, a bullish pennants, and once it forms, it's pretty clear to know exactly where it's going. 2, 4, 10. All right, And it didn't take too long to get up there. And when it finally got there, now is the time for it to consolidate.

This is the Annoying period that we're in. Um, it's been Consolidated since the fourth and it's just trading in this box. now. when is it going to get out of the box and start? And when is it going to start getting interesting? Well, that's gonna happen because of the CPI data.

Now the CPR is on Wednesday For those of you who are not aware of, the inflation report is about to be released. So let's take a look at the expectations. Now this is how the numbers have been trading since: July All right now I picked that July and it's been going down slowly from the highs of nine all the way down to the last report was at six percent which matched the consensus. Now the new expectations for this report which is coming out on Wednesday at 7, 30 A.M They're expecting it to be at 5.2 Apparently this forecast saying that it might show up at 5.3 again.

I I Personally think I personally think is going to be I think it's going to be shockingly higher just just a little bit. Maybe it will show up at like 5.4 Yeah, like I don't think it's gonna match up exactly like it has done throughout the last two months. I Think it's going to be a little bit higher at exactly 5.4 and this is what I think will happen to the overall. Market We're going to go on the daily chart all right, and we're going to check out.

We're gonna check out the Dow Jones because I think it might be easier for me to show you what I think is going to happen. Yeah, so the job. this is how the joggers are just set it up as all right and the Dow Jones has been. It's been going sideways again just like the Spy.

But the one thing that I like about it is that there could be an opportunity for a bullish engulfing candle. And by the way, on Wednesday There's going to be two events number one, the CPR report and then at 1 Pm, there's gonna be the Fomc minutes being released, which is definitely something that y'all should be looking forward to. When those minutes will be released, the volatility is going to increase, and the market movements are going to be crazy. All right.

So definitely be on the lookout for those types of movement. but this is what I'm anticipating for for Wednesday when it when the reports comes out I Think that again, it's going to be a little bit higher, which is going to have a negative impact on the market. Therefore, the Dow Jones might just drop all the way down to like to 330 and then slowly grind up and the Fomc minute might be the fuel that the market needs to push this thing even higher all the way up to around 3 37. All right, so that's what that's the best case scenario that I'm seeing again if swinging holding through this report is is almost like earnings Again, like I always say on this channel holding through earnings is 150 gambling.

Now for CPI this one I mean there really isn't a structure to like to tell you with confidence that hey, everybody's just gonna shoot up. The structure happened two weeks ago which I just showed you from that picture from the Discord and it went up to 410. Now it's all about which way it wants to go. Does it want to make another push higher or is it going to start playing games? But this is what I'm seeing for the Dow Jones which will obviously reflect on um, dinner bag and the Spy All right.

Now for the for the start, for the stock and for the sector that y'all should be keeping in your watch list for tomorrow. and the day after that's stuck. that stock is, uh, let me go on the one minute. let's talk is coin all right.

and the reason why I want to share a coin with y'all is because of this. If you go on the if you go any four hour, all right. if you go on the four hour and we zoom in right over here, let's just look at this region. All right.

Number one, we have a very massive level of supports. no of resistance where there are short sellers just camping out here. They're out here at 85 and every time coin has been getting to 85, they've been showing and added more. Um, they've been borrowing more shares to short right here so they're chilling out here now.

There is a very bullish structure on the charts I see it as like from from now I'm looking at it, it's kind of like a bullish pennant, but it's It's a little bit more slanted downwards like it's it's It's a fallen wedge. It's kind of a fallen wedge. Not the cleanest Fallen wedge. but it's It's definitely there.

It's right. it's right here. depending on how you want to look at it. Stop.

The breakout is clean. The structure is is nice. It's in between. I Mean this is there.

It's there now. What? I'm expecting for a coin. I'm expecting coin to go all the way up and put some fear in the hearts of these short sellers at 85 now. I Don't know exactly how fast it's going to, um, how fast or how slow it's gonna get there, but eventually.

but there are some clues that that's that. Uh, that's telling me that it might be this week or it might be by Monday where we see coin move all the way up to this region right here if we go on. The Daily There is a giant Gap that eventually again 90 of all gaps gets filled at some points in time, right? So that thing getting filled, especially with the Fomc minutes that will be released on Wednesday My push the stock higher. All right.

So that's one reason why I'm bullish on coin. The other reason why I'm looking at coin is because of it. It's because of Mora All right now if you look at Morrow which is the other stock in the sector again, this is the crypto sector. We're gonna look at this section.

There is an ascending triangle on the charts that just broke out. it broke out this afternoon as right now it's positive and I think this one is going to go higher probably 10.50 probably 11. I Wouldn't doubt if it gets up there again. The question is, when is it gonna get up there? How fast is it going to get up there so that's to be determined and which again, all of this ties into BTC So we're gonna look at BTC and BTC had some um, an influx of money around like 11 45 a.m Central Time which pushed the coin higher.

and we gotta look at the weekly charts and the weekly charts of me is hinting at a test of 33 maybe 35 000 right here. and it could be we could see a very long bar like this all right. or it could be split into two. Again, this would make more sense all right.

Um to me personally because of the because of the um, the events that are happening this week that would make more sense. but I also wouldn't be surprised if this if the move is split into two and then we move up to like 32 and then we make another jump over the weekend 234 for the next week. So that is the sector that I'm that y'all should be keeping in your washes. That is the reason why I am bullish and coining on the crypto markets and that is the end of the video.

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