What's going on guys in this video we're going to look at uh four things: spy qqq forward, slash es, which is the futures market for the s p, uh and forward slash nq, which is just the nasdaq futures. So we're going to look at all four of those, and this video specifically will help. You guys understand the market for the day, which then would help you understand how your stocks could perform for the day. So what we're first going to do is look at the spy.

So first thing i want to point out: is this all right? This is where we're currently at so this was friday trading action. This is after hours and into pre-market today, so the market has not opened yet okay, so you will notice that the spy goes up to a price of about 473 here after hours, pre-market-ish and then it starts to pull back now. Um, i'm not going to take too long in this. I just want you to know that by looking at the spy, it may have been hard to determine that you would have had a top at 473 after hours by just looking at the spy etf.

But if you were looking at forward slash es, you would have seen that it was actually running directly into resistance. You see that line there. You might be like well, where did that come from? I mean just just trust me, it's a resistance! That's why the the futures market stopped here and if we were to look at it like on a you know, maybe a five day. One minute it'll look like that.

So last night futures market opens here. We then run up to our next statistical target, long side, resistance, which is there the spy, as you can see, stops at 473. All right go back to forward slash yes forward. Slash es tops at 4723, okay, spy, 470 or 472.99 so again for 473.

forward. Slash cs hits the resistance. 472325 tops okay, so, regarding the es and the spy right now forward, slash es has support at 4706. Ideally, you will not see this market turn really bearish or have a big bearish move unless it could get below this price point with significant volume, significant selling volume and stay below that price, which is 4706.

relate that to the spy and regarding the spy, the spy Will not have a big sell-off today or just in general for the time being unless it were to go below 470, 39 and 470ish okay. So now what i want to do is we're going to take a step back, we're going to look at this on, like a 30-day 30-minute chart, and i'm just going to make sure that i add a couple lines here that i need to make sure we have. Okay, um one second okay, so this is the way that the market is currently situated. That dotted line is your next upwards target and what i mean by that remember just three seconds ago forward, slash es how you know we'll just look at it again in like a little five day.

One minute you see how the market went from like here and then all the way to that line and then stopped so that was a up target and resistance. Okay. So if we can surpass that level, which is the pre-market high okay in general, we would be going upwards and if we look at the spy, the only next upwards target we have is about 475 to 476, which also takes you above this previous high. So that means that, yes, i would anticipate we would take out the previous all-time high.

That would not remain a resistance and you would end up hitting 475. before that happens, it's you know very likely. We need to retest the breakout. So again you had a big old little.

I was a big old little, but you had a flag pattern kind of situation. Market breaks breaks out of statistical levels. We then hit resistance on forward, slash es overnight. Okay and now we pull back, say 470 470-44.

Try to remain above support, and if so, we could be seeing them seeing the markets move higher now go back to forward slash yes, okay, so looking at forward slash. Yes, you can see. This is pulling down. We kind of have some support here, that's exactly where the market broke out.

If you look right, kind of went up, a little flag, thingy and then finally clears and pop. So there was some demand here and here so nonetheless, if we're going to see the spy in these markets continuing to move higher, ideally we want to keep them maintaining that 470 to 4700 support, whether it be the spy or forward slash es all right now. We need to go and look at forward, slash and q, because that in itself can tell its store, tell a different story too um. So if you look at uh forward, slash nq first, i will take off this line here, all right.

So looking at forward slash and q, you can see we had come down into support the other day and that's also kind of what made us bounce back upwards. Now the difference between the qs and the spy is the qs are like, basically back at all time highs. In or sorry, the spy is basically back at all-time highs and the cues are not so um just a little different of a situation, but nonetheless i mean the way you now look at it like this. Okay, look at the way the cues are set up now, if you view the market the way i view the market, i view the market, as this is a price action resistance which you know obviously has held pretty well right, and that's probably because in the past The market wanted to go down so yeah.

It did not break out so the way i look at this is the market snapped down. Obviously we are down trending and then well. We well yeah. Arguably, a downturn we broke the support so down and then bouncing back up above this white line puts us back into an uptrend and that's a higher low.

So we go down, cannot break out, break down, hit support, run back up above where we broke down. So again, look at we go down and it's through this white line, we break down bounce back retest the breakdown go down further hit a new support. Double bottom break back up on a mini scale, run all the way back to the line, which was the breakdown. So again break down break up high or low.

So to me, our markets are trending up and we are currently in a situation where we are most optimistic. Looking for a break above this previous price action, resistance to then target up to statistical resistance, which would put us back at the all-time high now, let's go back over and let's take a look at forward or uh. Let's look at the cues all right, so looking at the cues, this is kind of the way they look very similar to that of you know forward slash and q. The only thing that we haven't done is we have not talked about the four hour level that also plays maybe a small role on uh um on qqq or forward slash nq.

So now i've just added that line. Okay, ready! You see this remove and add you might be like what is this trend line you're talking about just know that it's legit okay, it's legit um. So when i put that trendline into place the way that i'm going to describe this to you guys is this thin white line. It's a half year line this thick white line, that's a yearly weekly line.

So that's why it's bigger and then the one here is a daily line. So that's why it's a little bigger than the thin white so, depending on the time frame and the length we're looking at, dictates the size of the line to help me or you. You know be able to recognize all the you know: the differences between them right if they're, all the same and same color they'd, be like what the hell. So i make them different sizes because they have different meanings.

So you will see here that this four hour trend, kind of splices through the price action, ends up being the dip support of that current trading day, and then it also ends up being a breakdown point of uh thursday's session last week. That takes us to the support, ends up being a smidge of intraday resistance, friday and kind of the swivel point for the stock so anyways to not make it maybe any more confusing. I probably already have i'm sorry, um you're, pretty much just watching the markets back to all-time highs. Now there is this thought in my mind to say: okay, if we don't break out right away today, we might see some random shift down on the market to retest that trend.

So the reason i put that trend there was to say: maybe the market still wants to do, one more pullback before we go and the reason i say that is look at this right. Look at how many times you went up down up down before we kind of went yeah right, so it's like. Does this just want to go up one pull back and run, or are we going to get another kind of trickery here and then run so either way? I think you're watching bullish, optimistic on a move up. You know understanding that we might still have a pullback to some support areas, but we are more of a bullish side of a move right now in the market.

So that is a video i have for you guys, uh with the spy and the qqq's. The last thing that i will touch on is obviously if, if this breaks out your stocks are gon na go gangbusters, the funny thing is is i was. I was clearly wrong about the market back here right, you know, even though we called the prices right for the day. I was optimistic on breaking this resistance to hit that, so i was just way too soon on that analysis, and it's happening now right.

So i was looking at a very minuscule in uh head and shoulders pattern inverse head and shoulders pattern here like a week ago, i'm like well, you know this could work and we could break up there, so that pattern is the same thing you're seeing now, but Just a bigger scale: okay - and this is the one that i think is actually going to work as opposed to those ones, because clearly the market snapped down, so you can see we're doing the inverse head and shoulders that was very mini here, just on a way. Bigger scale um so yeah think about how long this kind of channel took place right. That was, you know one two, three, four five six, maybe maybe a week or so - and we've been up here for one two, three four five almost a week so yeah. I would say this week: you'll be seeing a gang buster move.

It would make sense to me so when you take a zoom out approach on this, you know that the support is this white trend line right. So we hit here bounce below bounce back above pull back to bounce. So until we go below that, you're not really big, bearish um and as long as you're above that you're bullish and that's the support of your bigger forming head and shoulders and the price target of that neckline breakout. Remember when you read the books and say by the break out of the neckline, which in this case i'll probably be doing, if obviously it's going up, the neckline would be here, and the stretch of the neckline for now would be up to 406 on the qs.

All right guys, you have a great morning. I hope that helps you uh make sure to hit the thumbs up button and share this with your grandma. I'm sure she would love to hear from you. It's been a while and i'll see you guys in the next one.