What's going on? guys, welcome back to the channel. Appreciate you guys tuning in. Uh, we're gonna be taking a look at the market here today as we normally do. Posted a video last night.

For those of you that watched the video last night, you're pretty much going to be up to speed. but I figured we'll do a little morning one anyways. Uh, so same thing as last night's video and that is pretty much this. as long as the markets are below this yellow line.

theoretically they are still bearish as that's the all-time high anchor. V Web: As long as markets are above this yellow line right here, theoretically the markets are still bullish and then on top of that, we have this purple line up here. The way that I would categorize the purple line is either the max pane, stop loss, uh, location of this yellow line so you can see here that yellow line. All-time high Anchor V Web: that would be the max pain level all right and same thing on the bottom.

You can see this yellow line here. Market Low volume weighted average price support Max Payne Level will be this So you could basically say in the event you know markets were to break this yellow, the initial kind of thought is they'll stop the Traders out from the yellow and take them right down to the green. Same concept here. If the markets were to break over here right the max paying stop out of everyone's short bias, this Market would be about 4 500 and then we'd expect some resistance into that area too.

Okay, so with that being said, currently the market is on a bullish move. It is on a upswing, so we're going to do is kind of zoom in here on this chart, change it back over the survive, flip this guy to a 30 minute chart. Okay, and I'm gonna just take off a bunch of these old smaller scale V Whaps that we don't really need? Um, so one second. Okay, so now when we look at this chart here, all right, this is the Spy but it's on a 30 minute scale and we're using Open High, Low, Close chart.

and pretty much the last Buy Signal we got in the market was here when the market created the bullish cross, broke over the 50 and we're trending up. So until you get a bearish cross or the market breaks through the 30 minute, um, Open or Anchor View Apps you're not going to see a bearish move. So let me do this. Anchor this to the low, changes the low.

So pretty much until the market sells below this view app here at 403.32 you're not going to get a new short-term sell signal into, uh, the market. Now what we could also do is look at that on a 30-minute pre-market chart as well. So if we look at this on a 30 minute pre-market chart, it will be at. Let's see, this is at 403 53 In this here, when the Market opens, this is going to update again.

But Ultimately you know 403.54 to 404 area right now is the 30 minute um Buy Signal V Web So there's quite a room down until you actually have a true 30 minute or short-term trading support level. Okay so with that being said, markets are in an upswing. We are coming into the all-time high anchor V web resistance. The next thing that I'm going to talk about is going to be this new JPM collar trade.

So we're going to bring this up. If you're on Twitter or you know you do a little bit of searching, you can find some of the stuff. Um so I'm gonna go to latest here see if we get what we need from this man. this is hold on I'm looking for like there there's a good one.

All right. So here's a good one. All right. So this is saying and what? I'm basically JPM put on a new collar trade and a collar trade is kind of.

um, it's kind of like a protective trade. almost more of like a hedge trade. And so the way that we would read this is JPM are buying call contracts or selling call contracts at 4 300. now this is on the SPX but we're going to correlate that to the spine.

Okay, so um, JPM is selling so they're short, right? They're selling people calls or they're selling calls into the market for 4 300 on the SPX or related to the Spy. That's going to be 4, uh, 43 or 430. Okay, um, they are long. basically 3 800, 3860? Okay, or 380 on the Spy.

All right. And they are also short 3200. Okay, or 320 on the spine. All right.

So what this means when we look at a chart is this: JP Morgan has put on a collar trade, which is kind of a hedge trade. So what this means is they are bearish below 4300. So right now they are selling calls priced at 4300. Meaning, they're selling other people these bets.

So people right now are buying forty three hundred dollar calls or um, oh, we're on the specs. SPX So they're They're selling forty three hundred dollar calls or on the spot, they're selling 430 calls. Okay, and so what they're hoping for is that the market stays below 4300 or 430. Okay for the next quarter, and as long as the market maintains below 430 for the next quarter, all the calls that they're selling there are going to go to zero.

All right, they are also long Bias: Okay, they are long bias 3 800 which is where. Okay, let's let's take a look at this. Where's 3 800? Uh, well. actually they're long.

three eight sixty. Okay, remember, so they're short 4300. They're long 3860. Where's 3860? 3860 is like right here.

Okay, where's our anchored V-wap support 3860. Okay, so they are long. The volume weighted average price that we've been telling you about for the past couple weeks months from the all-time low or not all-time low, but previous low on the market. So this low in the market.

Here the volume weighted average price support is at 3860. the same price there Long? Okay, and then what? They are short Three, Two, Six, zero. which I don't have that all set up on my chart, but we have a lot of Confluence down to the price of Uh, 300 and 320. But we're not going to get into that one.

Maybe another video. Okay, so taking all this into consideration, all right, this is the volume weighted average price for the Bear Market This is the volume weighted average price for the support that's been created from the market low. The Max Payne of all the Bearish short sellers is currently Four, Four Two four. They're selling forty three hundreds.

Which basically means they don't expect the market to exceed this purple line. nor do they expect it really to exceed 4 300. Maybe it goes over 4 300 for a bit, but ultimately within the next quarter, they expect it to be below that. Which is the same thing we've been talking about for the past couple months.

which is, markets are bearish below this line, we don't expect them to exceed the purple. Currently, the volume weighted average support in the market is here, and JPM one of the biggest banks is running a hedge trade. Well, that's I missed a D in there. so hedge that looks more like a Hope G But anyways.

so JPM is running a hedge trade where they are long biased there. They are short bias here and protection short down to there. That's what they're looking at. So basically they're thinking markets won't go lower than this, not going to go higher than this with the expectation they're probably going to maintain somewhere here.

Okay, that that's what they're thinking. All right. And if you currently look at the way that our view apps are set up, how are they set up? They're set up in a wedge wedge from here to here Not to go over there. we don't have the downside one on because that's more of like a I mean I might be able to get.

It's been a long time since I really looked at like the V web purpose of that it might be the it wouldn't be the coveted low, but it would probably be like this low I would imagine. So let's just see if I throw one on this low. Pretty sure that's where it comes into a close. No, that one's too low.

I'd have to redo it. it's been so long or it might be Fibonacci that might actually be it. So real quick. Let me just tag this and I might be able to find it again.

I Did this analysis so long ago that helped me come up with the 3200 price. but I think it's Fibonacci So if we were to go from here to all-time high that comes up about 31 so that's probably not the right low, it might be this one here and it seems more correct we're closer I'd have to sit down and redo how I came up with a 3200 price but basically running a downside Fibonacci like you see here will come up with a price of like three three. So anyways, um, that being said, that's the JPM collar trade also lining up with the anchor View apps from uh, previous lows to all-time highs right now. So anyways, that is your guys analysis for today.

short term theoretically Mark It's been bullish, but you also have on the daily chart. What a precursor for a downside move already. Why? Because we have three unfilled gaps now and that's the other thing everyone's like, oh bull Market back on cream my pants I'm gonna go buy my wife a Gucci bag is all's good and gravy right? But you also have three gigantic downside gaps now. and as you know, gaps like to fill.

If not if, but when so again, we still have gaps to fill up to up to here 412, right? We still got gaps to fill up to here. We might even have a gap to fill. Did it feel I Think that's the last one to fill? But yeah, We have gaps to fill in the Spy still on SPX at 4221 right? JPM What are they doing? They're selling calls right here. They're selling these calls 43s but we have a gap to fill right there.

still. Okay, so good chance you're going to see this Mark creep up still? Uh. overall. and then we're gonna have another downside move coming up.

Uh, so again, you have three gaps unfilled. On the downside from just recent trading this past week or so. two weeks. so that's it, right? So uh yeah, hope you guys enjoy, Hope that makes sense and everybody take care.

have a great day.