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What's going on guys welcome back to the channel, i already recorded this video once today. It was 13 minutes long. It was super epic, a lot of cool stuff in there, but then i didn't record it with any audio and then i posted it to youtube. Like an idiot, so we're really just gon na do a lightning round through all of this, so that you guys can be on your way.

So let me bring this screen up. So if there was audio in the first video well, then you would have known that this price of three 88 40s 38 30s, was the first target, so we've achieved the first target this level here: 385 93. That was what i'd recommend it as support. Your next target up is 391 to 3 yeah, like 391 390 130 on the qs okay.

So for right now, on the day, i'm probably not going to be trying to trade anything higher than 391 390 ish 399 on uh, 390, 999 gosh and 391 on the qs going over to the spy all right, so the spy uh my recommended first target for The spy was 472 50s, which we've almost got - maybe 472 72. I wrote it on twitter here so i'll just bring up over twitter. So this is what i posted. This is 12 minutes ago.

I posted the video a little bit ago, so first targets by 472.58. First target q3884, then 391.. So again we have pretty much at the first target. Um we hit 34.

first target was 472.50. If spy can actually clear this um, let me slow down the spy, has an average true range of six. So, like, theoretically, you know, if we break 472, we arguably could go up as high as 476 67 on the day with the spy. That would be the best case scenario for the market today is seeing this rip all the way up to the price of 476.53.

Now, if that doesn't happen, we get really sluggish. We can't get through this 472 area and the qqs or the qqq's or the queues are struggling too. Then this might be a move for tomorrow in or a couple days, but again the bottom line is this: you see how, when we were trading here and we broke all these lines, then we just traded to these lines and then we broke those lines and then We went down to these lines and then, when we broke back up and held above these lines, now we're just going to those lines. That's literally, all the market does every single time, so you break lines, go to lines hold below the lines.

Go to the next lines, break back up above the lines put in a higher low off the lines then go to the next line, so we might struggle here, cool, doesn't really matter on it, whether that happens or not doesn't really matter to me um. You know the objective of the day was minimum go here and if it wants to go more awesome, so we might struggle today. Maybe we don't. Maybe we do.

I don't really know, but you already know that as soon as you start to um, you know. Actually, let me let me explain it like this as soon as you start to get above this level, four semi-258 and maintain above then there's the opportunity of going to here right. What i mean by that is you see how it it won't look the same, but the concept is this: you see how, when the market kind of broke down, and then we broke above and then we pulled back and we held like that's this market breaking out And maintaining now we've moved higher same concept right so from here to here was a move now. Does the market clear through today? Does it take a day and then, when we do, how well do we maintain above? Are there people buying the pullbacks off of it? Like you saw here, then, will we target the 475s? Those are all the what-ifs, the unknowns, the yada yada's, the diddly dews, but nonetheless uh.
That's pretty much it for you guys. Sorry, i didn't get that video out with uh volume earlier, but cheers.

By Stock Chat

where the coffee is hot and so is the chat

10 thoughts on “Key levels for the stock market today 1/12/2022”
  1. Avataaar/Circle Created with python_avatars Pete B says:

    gap and crap?

  2. Avataaar/Circle Created with python_avatars Keezer says:

    Spy could fill the gap from 472 to 475 then try to bounce off the deviation line.

  3. Avataaar/Circle Created with python_avatars Jinhae88 says:

    Thanks you for the re upload

  4. Avataaar/Circle Created with python_avatars Miguel Leyva says:

    Fire video bro thank you πŸ™πŸΌ

  5. Avataaar/Circle Created with python_avatars Chodgey says:

    Video still epic bruh

  6. Avataaar/Circle Created with python_avatars carter says:

    thank you

  7. Avataaar/Circle Created with python_avatars ATEI says:

    Nice video, your channel has really helped me ❀

  8. Avataaar/Circle Created with python_avatars Doug Ferrell says:

    Glad you got your mic working connor!

  9. Avataaar/Circle Created with python_avatars Iamvazu says:

    Ty bro , u r awesome

  10. Avataaar/Circle Created with python_avatars Steven T says:

    Audio works now πŸ˜‚

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