Good morning, ladies and gentlemen, well, today is not a pretty day, looks like i'm getting divorced yep. You heard correctly here. You heard it first boys, room trading, connor he's getting divorced. Uh the lady, the old lady says: she's got paper hands and she just can't uh.

She can't stick with amc and she can't stick with me anymore. She's become a softie, no, no, no just kidding folks just kidding everybody stop freaking out, i'm not getting divorced over amc. I don't even have a wife so yeah, it's just a joke, just a joke, but things aren't looking so pretty for the time being um, so we're going to run through this. Give you guys the most accurate representation of what amc's probably can potentially do for the day.

If amc ever works all right there we go so the first thing that we will do is we will look at amc and we will touch back on the analysis from yesterday. So yesterday it's kind of changed a little bit. Let me delete these drawings, but in simple terms, yesterday we had mentioned that you should probably have see resistance on amc around. Like 46.55 syria.

At the time, pre-market support was down around like 43.50. By the time market opened, support was at like 44 24 and, as you can see, the market slowly got below 44.24 held resistance, held resistance faded down. So really the question would be: where is amc going to bounce now? So we'll give you guys that price target here in just a second all right, so looking further into amc, um, pretty much markets bearish the way this is going to work, i mean not necessarily, but ideally the regression trend down here of 3767 is the target. It was the target when we were selling off here.

It still is the target from the sell-off here. That's the four-hour chart. The daily chart has a move down to there. So, ideally, you don't actually have any support on the market that you should probably try to buy into until the market on amc gets down to 37 to 36.

So for now we're probably going to stay bearish on amc. Looking for the markets to go down to 37.65 to 37. in the event that that analysis is wrong, which i don't think it is, but in the event that it is wrong, the only time you would be long bias is if the market comes back up and Through the prices of, i believe this, let me just double check: yeah there, okay, so a better way of putting it is like this um rectangle that guy all right. So, ladies and gentlemen, uh that red box is your resistance.

The green box is your support off the green box, is a reversal dip by long and then through the red box would be resistance. So ideally, there's really two ways this market's probably going to work, and that would either be somehow magically. It gets really bullish and runs all the way up to 44.62 to 46.34. The bulls on amc will not take back control of the trending market until they get up and through the red box and stay above the red box.

The bowls will most likely not try to do like a dip by reversal situation until the market gets into the green. So if, in the event we don't go to the green you're going to be following the intraday price action, whether a five-minute chart, one minute chart 20-minute chart 30-minute chart, i don't really care whatever you like to use is fine, but whatever you use or helps you To determine price action and or trending move if, in the event it's not coming off a support, okay, then you can look for a move up to that price. Basically, what i'm saying is just because it doesn't go down to here, doesn't mean you can't see buying. That's the reversal support you have no idea who's invested in the market, who's willing to buy at what price is, but if, for whatever reason the market sustains here and starts to run to the red, you have to determine that for yourself, because it won't be coming Off support, it will be based off of intraday price action, consolidation and the confusion between bulls and bears trying to decide which way it's going to go on the day.

So ideally you're going to have bulls and bears battling to start the day. Whomever wins, the battle will kick-start the move either to the green or to the red, and then your lower risk entry points will be at the green or the red, because that's resistance in that support, taking a trade in the middle of the red or the green Is not being is not trading off support resistance, that's trading trend. You have to be able to determine which way the trend is going to go, which box is it going to go to, which tends to be a little harder than waiting for it to go to and then just taking a trade there. So remember that easier trades are always in the green and always in the red.

Harder trades are taking a trade in between the green and the red trying to determine which way the market or which color the market's going to trend to, and that's the way the market works every single day. You'll have a support and you'll have a resistance, and it's the hardest to determine which way the market will trend two, but once it gets two it will normally stop and pull back or once it gets two it will stop in bounce. So a lot of times. It's easier to take trades around resistance and supports, as opposed to figuring out, which way the trend is going to move all right.

That's amc! Those are the price targets you want to follow for for the day, all right on to the next one, which is odd because no one has said anything in the chat this morning, which is just really weird that usually doesn't happen or it wasn't populating there. We go. That was really odd. This whole time i've been on like there was not one comment in the chat, but i was like that's weird divorce.

Clickbait, of course it's clickbait jesus. Would you rather me say: amc is gon na go to a hundred thousand. That's more believable than me getting divorced, even though i'm not married ah just kidding just kidding. What's the difference between your standard deviation lines and v wep with standard deviation.

To be honest, i don't know the actual like fine print of what's different, but i believe the difference in standard deviation. I could be wrong about this, but it's somewhere along the lines of the standard deviation and bollinger bands are calculated slightly different they're, both based around standard deviation, but i believe bollinger bands calculate in volatility slightly different than that of standard deviation. So i believe it's the volatility aspect or the calculation that goes into the script or the study or the algorithm, if you may, in which makes sort of the bigger difference that makes sense yeah. So this might help explain it's right because, like also with bollinger bands, when the market, which also happens with standard deviation, so that's not entirely correct yeah, but you you can see the bollinger bands shrink right.

When we go through consolidation, you can see bollinger bands get tighter, which happens with standard deviation. Just not as like quickly would be a way of saying it. I i can't really explain it too. Well, i guess, but it does have to do with volatility um.

Do you have anything any training on swing trading, uh, birds and beyond no bit? Actually it's something i was going to make a video on. I wouldn't want to because i always get so many questions on that, but no no videos on swing trading but um at the end of the day, swing trading is basically the same approach. I use for day trading is really the same approach. I use for swing trading.

I know it sounds kind of crazy, but once you really start diving into everything and kind of getting down to the nitty-gritty, like you realize that you know like, for example, let's say like you know one second, so i'm gon na use an example from like really Far back um like this right, like let's say like that dip buy now at the time levels, were all different, blah blah blah blah or wait. No, not that oh well really was 180 there, but anyways back in the day before they went their split. I believe that was 180. I could be wrong, but let's say you wanted to buy that there right you're, like i want to swing trade this year swing trade that there, but also, let's say, let's say this: there's take connor a and conor b, one of them's day trading, one of them Swing trading, the same things that connor a the one swing trading would be looking for for an entry on a swing.

Trade would be the same thing that conor b is doing looking for a good entry on the day for a day trade, so literally the same levels and the better way of putting that is. If you could yourself or let's just say, there was a way to determine the best possible price to be buying a stock every single day and or the best possible price to be buying a stock for a swing trade right, those lowest possible prices, they're always going To be the same right, if 180 dollars is going to be the lowest point before the stock starts to go up, then no matter what whether it's a hundred day time frame or an intraday time frame. If it's going to stop at 180, it's going to stop at 180 right and, if you're, going to day trade tesla on that day - and let's say it goes from 180 to 200 and you're going to swing trade that stock regardless. The 180 is still the entry point for the swing trade and the day trade you're just swing trading is just holding longer going for longer.

Price targets means you have to hold through. You know some red days and some small green days, but the entry points and exit points for day trading and swing training are generally the same um, which probably didn't help really answer your question. All i'm really trying to say is swing trading. Isn't all that different from day trading uh and at the end of the day it just has to do it.

The only thing that's really different is just the holding period, the entry and exits all the same for day trading swing trading day trading entry exits the same. The termination of how long you hold is really the only difference. Yeah we'll take a look in the market. Um, would you touch on amc? We already touched on amc, but i'll just go back really quickly, so you can see the two price levels all right.

This is going to take like two seconds guys. So again, that's your support. Dip buy for the day down here. At like 3720s area down in 37s, your resistance on the day for amc is going to be 44 54 to 46.

um. The bulls don't take back control of the market, till they're all the way over the red box and the bears have control of the market. For the time being that that's pretty much it the next bigger breakdown spot in the market's going to be below 37., so you don't have to panic and you don't have to freak out about amc dropping 20 a day because it's not gon na happen. Okay, the market's just not really set up in a way for it to drop 20 points or 10 points right, really, the market's only set up for it to drop down from 41 to 37, so about a five dollar drop or a long play of 41 to 44., so it's really a long play of five to six bucks and a short play of five to six bucks.

She all right, itrm, mr janesh gang, not even gon na, say your last name, sorry bud, but thank you all right so over to itrm. This is a swing trading stock, not a day trading stock, given the movement of the stock you're down at negative, one deviation, um yeah, so you're more of a dip by long sort of play. Right now, with the stop loss located below pretty much this previous low. Might as well so dollar 14 stop area long bias, entry right now and the only reason i'm saying that is because we're at negative one deviation.

So, ideally, we've sold all the way back down to negative one, which is the bounce area you're right on trend um. It does appear that the market already tried to bounce. You can see. We came down to negative one.

We bounced two days in a row had a red day and the red day bottom is holding just over 121, which is a low of the negative one. Deviation, blah blah blah blah anyways long bias more so than short bias, but you can see that the market's already tried to bounce it had a red day but, like i said, i'm not really short buys that stock at that price i'd be more long, biased. Looking for a bounce reversal and then your target on the way back up well for one would have been 144, which already hit all the way up to 167.. So your at most target on this bounce reversal is a dollar 67 for the time being she uh.

What do i think about other day traders youtubers? I really have zero opinions of other day traders or youtubers and really the reason is because i just don't care to comment on somebody else, um pretty much it yeah, i'm just kind of focused on myself. It doesn't really bother me, i mean everybody has some good content here and there for sure, but it generally comes down to kind of finding the personality of anybody you're. Following that, you like stick with all right, um baba yeah. We can talk about baba, so the last time that we talked about baba.

We recommended it as a long trade um, which might have been like last week at some point. So last week we recommended baba as a long trade. Our recommendation was when the stock was down here. We said your long move is going to be up to this trend line.

You'll see that we got to the trend line and at the time i told you that the only way the markets are going to move like even higher is they have to break through that trend line. You'll see we got the breakthrough, we gapped up to the nine-day moving average really doesn't matter, but anyways we dipped down. We recommended it as a log. Now i'm going to say that you're probably going to see, i don't know actually one second yeah.

So for me on baba, my atmos long target is up to 216., so i'm not actually positive. It's gon na get there because it's kind of awkward um but yeah, you know the atmos. So if you bought this dip and you've been holding, i would not be trying to get anything higher than the price of 215.88, and if i was long from this bottom and we got the gap up today, i would already be selling shares whole variety. We can take a look at osat, so osat um overbought had a good move.

Um this one's i mean it's, it's like nothing, bad about it, but you have definitely missed the long move. So it's so you're, so with osat you're, really in a matter of are, will are people willing to keep buying this at extremely high prices and trying to force it higher, even though it's really overbought so so with everybody asking about osat right now, osat osat right! It's it's you guys asking the question right: are you willing to continue buying osat at extremely high prices to keep forcing it higher is really the question. So it's really up to you and whomever else in the market, if they're willing to take on extreme risk to keep forcing it higher. If you're, not, then the stock should go down.

So it's just a matter of how risky willing people risky people are willing to be at this point with that stock, i would say so when we go take a look at the four hour chart you're going to see three deviations is right there and we go. Look at this one, that's four deviations up there we go to the daily chart here, we're going to mark this mark there we're going to mark this mark there and blah blah blah blah next thing. You know we're gon na go to the one-minute chart and what are you gon na come to find um? This is the three deviation. Three deviation.

That's for so i mean ideally the best way to say this is this: is the overbought price right here? Okay, we broke through it a bit, but again this is overbought right now, that's your resistance. Okay, the current support on the market isn't till about right. There i believe, support that is when we have. One here see, like i said, there's a lot of things to look at in this one, because it's blown up so much and the volatility is so high that you could hit a lot of different price levels.

So it makes it slightly challenging to trade but yeah. This is the long-term resistance here, you're not going to see any more breakout moves until you can actually get up and through 11 35.. Let me color code this really quickly, because i'm forgetting, what's what see? I marked a level there and now it's not there. It's just, i know, something's being goofy on this right now.

No, i changed that you piece of thank you come again and then see that's blue, so this has to be blue, blue and that's a hat see. Why did you change the blue? You piece of thank you, see how long this can take when i'm trying to do things like extremely proper and make sure you guys understand every single level right. You could go to some other channel they'll. Just tell you supports here, but i mean you have to really like dive in and take a look at all this to get a full understanding of the market, see that's not even a green.

That's a blue see like when i get done with all this. When i get done doing all this, you guys are like holy. How do you even? What are you even looking at? How do you pay attention to all that? I mean that's good enough, for now i mean if we come all the way down, i mean i'd, be surprised so anyways. So again, this is the resistance, we're breaking through half deviations our support bounce in this drop.

I would say: has the best chance at this zone, so i'm just going to say right now. This is our support zone and it's really not that it's really not that hard right. If you were to look left at the chart here on osat, you would say: oh well, you know all right, you'd be like oh well, the market dipped down to here and it bounced. So since people bought here that support 100 correct.

But the reason people bought this dip the first time so when the market came up like this and then it pulled back. The reason people bought here was because these this green and blue line were there right. So market goes up, then it pulls back and bounces. Here right, the reason it bounced was because of the green line and the blue line, so the market bounces and if you don't run the same charting system, you're just going to think that support is down here in this green box, because people had bought this dip.

Prior, so that's support, which is correct. That is true thinking, but the reason the support is there is because the trend is there. So if you don't know how to spot the trend, then you'll never know exactly where support's really at. If that makes sense, so that would be where i'd recommend sort of a stronger dip buy is back in the support area for right now, breakout is going to be up and through 11 39., okay um now we're going to take a quick peek at the nasdaq And just a spy really quickly, so everyone's updated on the market looks like we went through a drop.

Did the cpi numbers come out yet i thought that was at 8 30 myself so cpi, month over month, expecting 0.5 actuals 0.9 cpi core month to month. Expecting 0.4 actual point. Excuse me, 0.9, cpi, year over year, expecting 4.9 um actual is 5.4 cpi core year over year. Expecting 4x.

Excuse, me actual is 4.5. So what does that all mean in a nutshell? That all means in a nutshell, that we have inflation wow? Who could a guess? No obviously it's not biden's fault, it's not trump's fault. This is just the way the united states works. This is the way things happen.

We print money, things go up, we naturally live in a world of inflation, so keep your politics out of it. Inflation does not happen because of one president, mr biden is not the reason that gas is like five dollars, a gallon or four dollars a gallon or three dollars. A gallon he's not entirely. The sole reason presents are never his sole reason.

Just remember that, okay, so we are seeing inflation, that's a big portion due to the amount of money printing we've been getting doing the amount of handouts that people have gotten from covet: 19 unemployment, there's just a lot of money floating in the world that originally wasn't There to begin with over the last two years: okay, so um when we look at the nasdaq, so it looks like markets are just kind of going down because of the cpi numbers that come out which really isn't surprising right now i have support on the nasdaq Down at one second, i have support on the nasdaq today down at 360, 75, 360, 75 and so on so yeah for right now i would be looking for a dip support buy on the nasdaq here at 360.75. I would not anticipate of a bigger market sell-off unless the market's actually breaking 360.75, so the nasdaq is very close to support and it's very close to getting a bounce um unless of course, it breaks support, but it can't break support until we at least try to Bounce it so we're normally going to try to bounce 360 75. If the market breaks 360.75, that's we're going to see more bearish pressure, that's going to bring the market down and if that happens, then i will give you the next price target, which would probably be it's super far away, which won't happen. So i'm not even gon na say it if we break 360 75, like maybe it goes down to like the nine-day moving average, but my supports are so far away that if we were to actually go to our true trending support today, we would see 360 to Three, it would be a ten thousand, it would be a uh.

It would be a thousand point day on on the spy we'd have to drop ten points on the nasdaq, or maybe the spy before we'd actually reach support. So that's like is that right, yeah wait is that right hold on? I keep screwing myself up. That's not there see, that's not even no, not even close yeah. So what i'm saying is like a super negative bearish date could go all the way down to 350.

757, but in order to do so, you're going to have to break the half deviation price at 36.84 and then given the way the market's set up you'd have to trend. You'd have to trend 300 points. Wait is that right, that's 360, no did three yeah 361.. So you'd have to trade 400 points below three and four deviations which would be really hard to do so.

Anyways, that's the whole analysis for the qs all right over to the spy uh spy bearish spy down to 434.95 - i'm just guessing - i don't even know, but i'm assuming that's the right level um. No, it's not! I'm! Sorry! That's inaccurate! That was a level from yesterday. Today, the market on the spy is going to go down to the price of 435.40, all right so market i mean we pretty much went there. You can see this red line is my support, we're on a double bottom, so again same scenario with uh spy as nasdaq, nasdaq and spy coming into support pretty quickly here, and the only way we see a more bearish day is, if you know, spy and q's Break their current support, which is pretty much right now, all right, so first, what is connor doing conor would be looking for a bounce off these levels.

If the bounce fails, then you'd be looking to be bearish on them. Okay, how long i have that! That's that question i have absolutely no idea have a better question: the nasdaq about to break 15k. How long will it run until it reverses? So i guess a good way of putting this. This is something that i have no clue will happen, but i've been watching it for like the past three years, which would be um the nasdaq at three deviations.

If we see the nasdaq up to 474, that's where i anticipate the market's gon na crash just based off of technicals right like even if there was like no catalyst in the market, like oh president, biden decides to nuke a country or whatever something crazy right. If none of that happens, then from purely technical reasons, i would expect that we'd see a very, very harsh sell-off in the market if the nasdaq were to get up to four. I said 475 earlier, i think 415. So again, if the market can get up to 415 on the qs you know and and maybe a better way of doing would be looking at the actual futures here so yeah.

If market gets on the futures to say 17 000, then i would expect a extremely harsh selloff from the market. Uh charting works great on forex. It's the same thing. I don't look at foreign current forex market, but um.

Actually, i i don't ever like look at them, but like what someone sent me, a forex ticker was like jpy, but i don't know if they have the forward slash. But someone sent me a forex currency to look at on this, the popular one and then i'll. Take a i'll take a look at it for you, but it should work the exact same actually good fellow. I have seen videos from the uneducated economist he's always in his car, so i kind of like the dude all right so give me one.

Second, i need to take a look at something else here and we don't have a whole lot of time left on the stream, so i got ta run um there. We are oh yeah, so someone mentioned something about blind. If you guys look i'll really really quickly. Go look at osat where is osat right back and where is it stopping right? Look at that? Where did this candle reverse back up to and where is it stopping to the penny to the penny? 1137: the top of that red box? What i'm telling you is not a lie.

It's not! Okay! You can't make this up all right. Your breakout there on osat today is over 11 38.. Okay. You cannot maketh this up.

All right now, we'll go. Take it back. Look at vlan, oh b-l-i-n! That is awesome. Now that is fun.

Oh, it might be fun, never mind. This is not fun. B-L-I-N is uh, pretty pretty lame. Now so um how sad yeah blind squeezed up.

I mean it's already pretty overbought, ideally we'd be looking more bearish at these prices. Generally speaking, um, but since there's no shares of sure, we can't participate bearish on the market, which kind of sucks. So i'm just going to go with. You know everything here: i'm going to try to do my analysis as quickly as possible on this, but yeah kind of a bummer would definitely like to be able to at least have the option to bet bearish on the stock, but we don't so lame stupid, dumb Yep, so the uh the market on um.

This is overbought right. So this is this: is an overbought market we're over the blue line, so we're over three deviations? Um right, so i just mapped that level off you can see. We ran up. We pulled back right around the blue line, push up to the dotted line, pull back to the blue line and holding so in the immediate.

If the bulls are going to continue forcing this stock upwards, they cannot allow the market to come back down below the plus three deviation mark, which is 8.76 once a market gets through 8.76 you're going to see a sell-off. So the best way i could explain this is in normal situations and typical market conditions. You have entered into the selling location of blin. The only way blind continues to break out is if it can get over the price of 10 22..

It is also very likely that you will see blin hold the blue line and then push all the way over 967 to tag the 1025 price and then come down. That is all based on you determining it, but right now, blin is into what we would determine. As a selling location and the reason why is when you look at the chart, you will realize that we are over bought anything over. The blue is over, bought all right, we're over the blue, all right, so short sellers like myself, we love to sell stocks down when they get over three deviations.

The only reason you guys see really big runs from stocks when they get to these prices is, if you're strong enough to beat a short seller. So you remember how i was just like. Oh, this is done, there's no shares of short. That's because i'd be looking to sell this stock short right now.

So the only way these things move higher is, if you can force someone like me out of their play. You've entered the selling location. Shorts are selling into you long, biased traders. You only get another move up if you beat those short sellers, so for me i can't be bullish at this price um.

It just doesn't to me like make a lot of sense, can't really be bullish. Okay, so i'd be bearish and i would be looking for a snap back below the blue line all right, but also note that the risk, if you were short, your risk theoretically, could be as high as 10 23.. I don't expect he's going to jump to 10. 23 um, but anyways blind if you're, looking i'm bearish once you get through this blue line, you better watch out because shit's gon na hit the mall fame see and the thing is, is you not you, but you? If you haven't learned sort of the same approach, you would say: oh, we kind of bounced here and we squeezed up.

So if we can hold the support, we're going to go higher right, but you don't even know why the market dipped and held here right. So the market's going up market's going up, then it pulls back and stops right here. The reason it's stopping is because the three deviation marks there so on the way down, the objective of the short sellers is to break three deviations. The objective of the bulls is to hold three deviations, so the bearish traders that are short right now are getting all the bullish traders to stop out that candle is harsh because long biased traders are now stopping out of their long position.

So the longs that are stopping out are what create the payday for the shorts and when short sellers stop out, they create the payday for the bulls and that's the way the market works. It's always a battle between bearish and boulders traders and whoever wins. The battle creates the payout for the opposing side or your enemy, or your opposing team for that matter. So you will see.

Look at this candle. Where did this green candle go to it squeezed right back to the blue line slightly over, but the body candle is trying to stay below right so again, that's that's generally how this game works all right, so that's blin and uh. It's the point where i pretty much got ta go, so i apologize about that. But if you could do me, a favor hit the thumbs up button before you head out the door.

I would appreciate that make sure you hit the subscribe button and the notification bell and if you've already been subscribed to the channel, make sure you go back and double check that you're subscribed because randomly people just don't get notifications and then look and find that they're. Somehow not subscribed to the channel anymore, so weird things happen like that. So double check that and i'll see you guys all back tomorrow morning for another.