What's going on guys welcome back to the channel, appreciate you guys tuning in so for those of you that probably have things to do i'll just make this really quick, so the highest probability uh prices, i believe we will touch today on the qs on the downside. Are 379.43 and on your upside are 385.02 in the event you break out 385.02. You would then look up to 387.97. These do these levels do update a little bit at market open, but for now that's i mean as good as it's going to get and it's usually pretty accurate anyway.

So again, over 3d 502 pop up target 387.97 on the downside for the qs. Again, you have targets starting down here at 379.43, give or take a few cents and then again, if you break that and snap heavy, you would then target down to the queues. 374. 371.

Arguably 368, 15 on the day, all right over to the spy okay. So now, looking at the spy high probability, prices to me on the upside would be 471.57 and on the downside would be 462 35 to 460 80, arguably down to like towards 460., and those are really the prices that we'll be looking for on the market. Now, there's a lot more to it than that, but pretty much we expect today. Those are probably prices in which you should see markets try to go to trade 2 bounce at and so on so forth.

Now, if i were to bring over this chart on the spy really quickly, this is what it looks like on the four-hour chart. So this level, you see here, 471.57 all right. That is this trend line. You see here on this chart, okay, so we zoom out, you can see it's just.

This is a long term trend. We broke out a couple weeks back one above we just shifted back to it. Yesterday broke below it so again in a way kind of in, like a short term down move. So today i think it's also very possible.

You see markets, you know whether it be today, maybe over the course of a day, but bounce back up, trying to reclaim that price point so going up like this trying to get above it and if it fails to get above it, then it will get sold Into and that could actually lead to a bearish move tomorrow later in the day that maybe tax attacks at 460 price, so that's kind of what i was watching on the spy today was. I really don't care if we go to here and i really don't care if we go up to here either or works. For me, those are my targets, but sometimes we can go to this, but first go up right. So that's the thing is: there's there's price points both here and here that i think the markets, you know, don't really care whether they go to it's just a matter of which one are you going to go to first or which one are you going to et Cetera et cetera um, but you could do both right.

We could even push up hit then come down. So that's something keeping my mind optimistic about. I think it would be impressive to see the markets up and holding above and going long today because of the selloff. They just had so i wouldn't expect them to go up like this and then keep going up right.

That would just probably would be a little too much right after this big sell-off to see it just go like that on the like the day after but day after see it bounce back a little bit re-test one of the levels that it broke down yesterday, nah Totally doable in my opinion, so that's what i would be watching on uh the spy now going over to the queue and getting a little more in depth here, all right. So, looking at the cues kind of the same concept, except there's levels that are closer to the price action, whereas the spy is a little bit different. So realistically, a lot of these tech stocks are to blame for this big ass sell-off from yesterday. But anyway, it doesn't really matter a simple way of putting it is.

I don't think you should be anything more long, biased accusade than 385. Arguably, that's why i'll do a dotted line, a little kind of like a little dotted line up to 387.97. The markets for sure are not really shifting trend and becoming kind of sustainably bullish back upwards until you're holding above that level. Right and then you could argue.

Okay, we're going to go back to here all right so for now it's really just maybe long move up 385, 37, 388 or whatever and same thing as a spy. Maybe look for people to sell into it and if so, you could roll the market back down and then go for these targets here, all right, so the high probability prices i have today again are 379 43 and 385.02, which means there is a high assumption that Those prices will be touched today how they're touched at what time they're touched. How does the chart develop before the market moves those prices? Those are all unknowns, okay, but it's the assumption and it is the probability or the markets will probably try to go to those prices and as a trader or just a participant or even an observant of the market. It's your idea to kind of you know, figure out how that trend is developing and which one we're going to go to.

First, whether or not you should look forward to go further than that and all of these things so nonetheless um targets on the downside um here these are kind of like the. I want to call them the max drawdown targets, but those are kind of like the breakout targets right. So it's kind of expected markets can go here and markets can go there like that's, not really too challenging. It's.

Can the markets break this support or that down target and run to here? Can the market break the first target up and then run to here right? That's the question um. You know in in really that's what most market participants are looking for, because most people don't catch the first move right. Most people aren't catching use the first pop out of the market, or you know a lot of people aren't very successful at getting it. Let's say that so a lot of people need a second to rationalize the market and a lot of times.

That's why they want a trending and needed trending market to trade. Well, because they're usually not getting that first move very well, so you want the break of the first level to run to the second, where most people can kind of capture that portion of it once a little bit more of a trends develop easier for most people And myself included everyone really. I guess for that matter, so um how i'm going to watch and how i'm going to trade. The market is basically uh.

Well, let's bring over this chart i'll help. Explain it all right. So when you look at this chart here same thing as like the the spy chart i brought over it's just it's helping. You see the longer term picture right.

These are all long-term trends being plotted on intraday charts right, but you're not really seeing what the long-term chart looks like without zooming out. So this is what the long-term chart looks like right. So we've been doing this and we just rolled over super hard. Now this price point you see here these levels that i'm talking about like, hopefully we don't break them down, and hopefully we hold them up is because these were the levels that this was bouncing off of and that was bouncing off.

That's the reason: the market bounced there right so these these yellow that yellow level you're. Seeing arguably this one in the past, i can't say for sure i don't really remember. I know for sure this one but anyways in the past for sure this level. You currently see on today's chart.

I mean back on like these days. It looked the exact same very similar, like you were just looking at the chart and there's a line there perfect. That line that i just circled here is what was holding the markets right around here and here: okay, that's the career, the bounce. So, in the event you we don't hold this, it can turn into a show, okay, which was also what i explained back here.

Saying markets have to hold these levels, we can bounce them if we don't bounce them. That's when things turn into a show right. This is like not even a drop to worry about, but if we break the negative one, that's what it's called. We break the negative one, then yeah, we can see more of a show drop and that's where things get a little epic.

So today i i think really you know. Maybe you watch the markets to tag this level if we start getting a lot of selling volume below this, then just look for the markets to fade out to like 374 371. and if we were to break that, then dear lord help us. But let's not get ahead of ourselves um so for now i think a high probability trade is targeting down to 379.43 right on a short side.

So if the market is going to go short, i think this is a high probability target that will hit right. Then this one would be next highest probable on the downside. Then this would be next highest et cetera, et cetera, et cetera. So um, you know yeah, that's it all right.

You guys have a great day. Alright, bye.