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DISCLAIMER:
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Good morning, ladies and gentlemen, everybody welcome back to your morning market, rundown uh, so we're gon na get into get into it, uh, so we're gon na start here with the qs um. I remember yesterday i had said, look for a pullback down to basically here and then this is where we'll consider being long and then this was our first long target for the day which exceeded exceptionally well yesterday. I did not see that coming, but it happened. So yesterday's recommendations were pretty much watch markets bearish to start down to here, and then you know watch these areas for more of basically along and then this would be your first long target on the day.
So all said and done by the end of the day. It ended up happening, so that's cool but anyways going into today pretty much the way i see it is right now this is your potential pullback dip support. So if the markets shook down to here, that's where i would look for a long trade okay. So if the market shifted down to 386, i would be watching for a long trade, because again, that was the long target yesterday which broke over and held.
So that's probably where i would consider to look for like a bottom bounce. In the event, this just kind of rolls over okay. So when we look at the cues, though, and we look to the upside um, we don't have any targets up until about 395 to 394.89, so realistically, um once and or if right, qs can clear this little spot, then they don't really have any resistance until up To there, some may argue that it's too soon for it to go today, which yeah maybe we'll see because part of my brain is like well, we kind of did like a dip and then we squeezed up. So why not see it kind of come down? Maybe tag that support create more of an inverse head and shoulders pattern, and then we go that's a possibility, in my opinion, um.
So nonetheless, that's going to be my support. Dip error that i first watch for right now, but the long target is so far away. That probably won't see that today, i'd be very surprised, but if we do that's cool, so what i'll do is use the spy as my first long target. Okay, let me take some of this stuff off yeah i mean those can stay.
I guess so. You know. If anything, i would probably be using the spy for the first long target, because the spy has a long target. That's just um.
You know four dollars up now. I say just four dollars up. I mean it's closer than that of the q target. So if i were to have to pick sort of a support that i think or uh, you know a resistance that we can make for the day.
You know it might be up at uh, 466, 90 or so all right. So the way i'm kind of looking at the market is maybe using the qqq level as areas of support to watch for first, while looking at the spy first resistance targets as potential targets that we would get to. But nonetheless, you know if the markets want to pull back, that's fine. If they want to go up, that's fine, um! You know i would expect you know those are the two price points we're going to try to uh trade to and from today, so with uh with that being said, i mean that's, that's i mean that's really just it i mean um. We could talk more, but you know there's really no need, because the only other thing we would have to talk about is basically the spy going through the 467 area or whatnot. Then you might be breaking up more, but so yeah just watch the pullback dip supports. If the queues go down towards um, let's just get that price again yeah. So if cues fall down kind of kind of rip towards this 3d 617, probably look for potential dip buys there, and you know if the spy ends up spy ends up running um.
All the way to 466 97 or so then, obviously, you could be looking for some resistance and that being your long target, all right guys take care. Have a great morning, uh and oh fyi, uh, probably not going to hop on stream. Today, i'm just going to be sitting back watching the market by myself, working in chat, doing a lot of research and things like that, but anyways. I will see you guys very very soon.
Connor you are the worst you said the spy high target is $466.90 currently itβs $466.91. You need to try harder!
I have bought the standard devation but I can't find these one the one on your screen where can I found it
Connor I have a stupid question but have been following you for a bit. When Iβm using your deviation plan and zoom on the price axis on side of chart it always zooms in too far to where I canβt see the price and donβt know how to center it if that makes sense.
Thank you for the analysis!!
Smile Connor !! π Good morning !
Upvote#34. Excellent Connor. That is exactly what I got using your method ..Thank you!