What's going on? Guys, welcome back to the channel. Appreciate you guys tuning in. Figured it would be important to come out this afternoon. make a little video a little recap on the market so it would appear that the market is breaking up and breaking out of the trading range that we have been in.

Uh, this is the first day that we have seen the market exceed its trading range since it's been put in. So what it will do is we'll enlarge this screen here so we can talk about the range. So we have a cross and then another cross. two back-to-back opposing crosses after this cross here.

From there we pretty much just expect the market is then in this trading range. Okay, and only once we break out of that range. Um, will we see a trending move for the most part? Um. So with that being said, we've been in this trading range for you know, past week and a half or so where markets have just been rallying back and forth.

uh, through supply and demand, back and forth consolidation. Just today President Biden came out and he pretty much mentioned that they're going to be raising the debt ceiling. Now this doesn't really come as a shocker, it really just comes as an ex expectation. Um, because we live in a Perpetual debt driven society and economy and our government spends recklessly.

Uh, and politicians. Uh, many of them are corrupt and most of our government is corrupted. Um, so the way that it's all built and how everything works in and out is really based on a debt written system, which really just requires that we are going to endlessly pull money in cash from the future, which is just taking on debt. So taking out more loans, taking on more debt, pulling money from the future, which we don't actually have to continue to prop up the system, continue to have the gears spinning as opposed to coming to a screeching halt and then the world ending.

Okay, so ultimately, what we're going to be seeing over the course of our future is a situation where yes, we'll eventually go into hyperinflation. Um, it's been spoken of many times and it's happened in the past. With many other countries, it's not a matter of if it's more of a matter of when. Now, we're not going to look at predicting the when because that is pretty much impossible to do.

But what we can do is State the obvious and that is it will eventually happen unless there is a dramatic change of course in our country. and I think it's wishful thinking to think that that would ever occur based off of the track record and longevity of Reckless spending and Reckless policy and all this engulfed into one. So aside from the whole Doom and Gloom in our government's bad man, uh, let's get into the chart here. So pretty much the chart says we've broken out.

Um, all we can hope for is that this breakout is legitimate and it does follow through. Pretty much you can see here on the screen I already have it mapped off again. this was our range. back and forth.

back and forth. back and forth back and forth. And today we finally broke up out the range retested and so all we're looking at right now is to see that breakout continue and trust this cross. So this is the cross that led to the range break.

Okay, so right there we got a Buy Signal today and that Buy Signal is strong enough to run us up and through our consolidation range top. Now the reason and that it was able to get up and through that consolidation range top is it would appear the reason is because we finally got a catalyst in the market and that was Biden Pretty much you know, telling us that we're gonna take on more debt so we can keep the economic debt uh, cycle continuing uh as opposed to economic uh, catastrophe which will just eventually happen just at um, you know, a bigger rate eventually. Again, we all know it's just kicking the can down the road. So for as long as it's possible to Kick the Can on the road, that's exactly what the government uh, will do.

They don't have answers, they don't have a plan B They they don't have backup. Um, they're pretty much just driving us off a cliff. And then as you pull more debt, it just extends the length at which you will eventually reach the cliff. And then as you pull more debt, the length at which you reach the Cliff gets pushed out into the future.

and then the height of the cliff becomes bigger. So for what it's worth, no one can predict exactly how it's going to, uh, you know, come to fruition. But it's not going to be pretty so all we can do is just fingers crossed, put your faith in God and sing Kumbaya and eat some yummy snacks along the way. All right.

Next thing is, the market is most likely going to be targeting the plus one Weekly Standard Deviation: Uh Target So what I mean by that is? uh, pretty much. if we do, in fact legitimately break this range and rally out, we're most likely going to be targeting somewhere in the 4 20, 44 to to so pretty much right here. So this Zone that I'm drawing, that's most likely the desired Target of this expected breakout rally. And the reason I say that is because markets generally trade to and from weekly statistics levels very frequently and those tend to be the uh, big pivot.

Points So you can see here this is a weekly statistics level and then you obviously get pushed away. All right. So weekly statistics pushed away. This is a half deviation Mark Zone Rally back to solid deviation.

Big rejection, Back to deviation Big Rally Etc And then we've just kind of been in consolidation, chopping the deviation and now we're rallying out. And so I would expect. If this breakout's legitimate and the follow-through does prevail, we're going to be seeing prices around 4 1860 to 420. Um, that would seem, you know Fairly Reliable, fairly.

Um, you know, trustworthy in that regard. Now looking at the daily chart, what we should see is a gap to be filled up here. So right here, I'm going to draw a gap in the chart. All right.

So we have a gap to fill in the chart right there. and that Gap is up to about 420. so you can see our previous Gap that's been put in the market that has yet to be filled is all the way up to about 420 174 and that obviously matches up with our statistics level. Okay, so as the market is attracted to statistical probabilities, uh, the same time, that probability zone now lines up with our Uh Gap fill.

Target Okay, so that's that's probably something that should be on the table or within the realm of expectations for your analysis, going forward over the coming week, next week, etc etc. On top of that, we're now going to pull over Trading View SO Trading View Uh, but we'll be tracking now is uh, pretty much this. This is what we're going to be watching. Pretty much this uh, yellow view app here is going to be our new uh uptrending Buy Signal line.

So what that means is let me pop this onto a 30 minute. So what that means is the market is going to remain bullish unless we get below that line. So as long as the markets are over this line, we're not going to see what I call a shift in momentum. Now what I mean by shift in momentum is that everything above this line should be ex seen as counter Trend pullbacks.

So like as an example, say tomorrow the Market opens and we just roll over and fall that is still considered a pullback. As long as it's over that line, it only becomes a true shift in momentum once below that line. Okay, so when people are talking about an uptrending move and the moves going up, and how do you know that, um, the move can continue Or how do you know that it's just a pullback and not a correction or something bigger basically I would I would say that we had a Buy Signal and the market is above the yellow so it should be respected as a pullback to continue long Unless for whatever reason it pulls back, tries, and ultimately gets below. and then we might start considering there's a change in momentum.

To the downside. Now the reason that I would also mention that you can consider there's a change in momentum. To the downside once you get below that yellow line is because you must understand that all of the buying volume is coming in about here. That's where the the Buy Signal is generated.

So as that Buy Signal is generated, you're getting a new volume in the market. What? I mean by new volume in the market is you're getting cash that was on the sidelines now entering the market. So there's new money coming in. A fresh batch of fake money.

Really? Fiat Paper crap. But the reality is is it gets correlated or turned into volume in the market. So take all of this cash on the sideline. So we're going to draw a little dollar dollar bill yo.

All the cash on the sideline is now getting entered into the market. There all that cash really just turns into volume. So all that volume buying into this move is now concentrated right there at that yellow line. Okay, so right there.

Circle That yellow line is where all the dollar bills Yos is coming into the market. and that's the average price. So in order to consider, there's been a bearish shift in momentum, you must Now first take out that yellow line right? You have to take out all the new bullish cash and volume that is entered into the market and started cycling in. So all the new money coming in the market has been cycled in.

Average price is about like 4 13, 70 or so. Therefore you'd have to stay above that um to remain the bullish Trend and or get below that to start flipping some of that volume and that that money that's coming? Uh, to the downside. There's a couple other things we could touch on, but I Think that's probably good enough for now I Hope you guys enjoy the video Everybody Take care, have a great day and uh Joe Biden's Gonna Save Us All.