What's going on guys welcome back to the channel, appreciate you guys tuning in so going to zoom out here on this chart, so you can see this is a 30-day 10-minute chart not that you have to use a 30-day 10-minute chart, but by looking at this time Frame in this video, i think it really helps hit home on this point, and that is the market really isn't bullish because think about what probably happens if you went to there, something not like that aggressive, but just up and there and down right, because this was Bounced bounced bounced bounced broke not very likely that when you come back up to it, if you do you're gon na go through it and just keep going, that's usually not the case so safe to say that we know the market really isn't bullish on the spy Or the nasdaq bounce bounce break until your minimum nasdaq through prices of let's say 356 and the spy prices of just say: 449. Okay, flip side, you're, not even really bearish this morning, just yet because you're in a counter trend, bounce which is bouncing off, say 435. On the spy and, let's say 343 on the nasdaq, those two locations at which the spy and the nasdaq are bounced this morning are statistical support. So it's not like a random bounce in the middle of a chart or anything like that.

Okay, now i'm going to bring up another chart same thing, just different uh different view, so this is the way the market is sitting. Okay. The spy here is a dotted line at 4, 43 16 that doesn't really matter. It just means that this was the most recent little break, so that right now is probably the counter trend bounce back re-test before you would see any sort of selling come back in the market.

So when we go back and look at these two time frames zoom in a little bit zoom in a little bit zoom in you know, if the spy pops up to see 443.63 probably still going to look short and then, if it takes out that level, then We would look short off of 448's 447s things like that. Okay same thing, we go over the nasdaq um, the nasdaq. Honestly, it would be nice to see it maybe pop up to 350 197 even into the 354s and then look for more of a bearish move. So i'm not really bullish the market and i'm not even really bearish the market and the reason being is to be bullish.

We'd have to be off of support, which we already hit a good counter trend, bound support, so bull, move kind of taken can't really be bearish because we're not even really on a resistance, we're just on a price action level that a lot of people would assume Is a resistance, but i don't really trade those anymore so we're on a price action level. That kind of looks like resistance, but maybe maybe not so until the price is actually on a statistical level. I identify, as resistance, probably won't be doing any top tick shorting. So the locations that i would look to be bearish would be breaking down and holding below.

So that means a break and then a pull back up and re-test below that price. A break below and a re-test of this price so 343's to 341, 59's, nasdaq and below 43 435, 77, 435, 11., pull back, hold below spy and top tick. Shorting. Honestly, i would probably start even nibbling at 4, 43 63.

I would definitely be getting in up in the 448 for 47. 26 probably won't happen so for now we're probably just going to be watching the markets on the downside a little bit um, but i mean that's, that's pretty much it um yeah. I think that's good. For now, so i think we hammer that out pretty well now side note i'll bring this up um.

This is sort of like a little sneak peek into what our new chat room will look like uh. We are going to be moving away from discord. Um a couple reasons, just security reasons: um business flow will work a little better for us here on this platform, but this is kind of like we're still building out a couple things, but this is like a little sneak peek into what it will look like for Those of you that have been you know, members and our elites team and premium uh members in the past you're going to be up to speed with this. But the nice thing is that you'll be able to have multiple chat rooms open at the same time.

So you don't have to flip-flop through different channels to see what you want um and then. Secondly, we're able to just basically go live straight from in these chat rooms. So when you guys log into the morning to see morning, research and analysis and trading and things of that nature, you won't be having a flip-flop through zooms, get zoom links. Nothing like that.

You'll just simply come in log into your chat room, and then you will pop into your mentors chat room in which you would like to follow or depending. If it's a mentoring class like here you'll, just simply jump into your chat room and when your mentor or a trader is on live, you will just see that this is lit up and it says, live. And at that point you will know that somebody's active within that chat room. So that's a really cool feature, some things i really like about this shift we're making then.

Secondly, you will see to the upper right here a lot of different options of things that you can add. These are widgets so in another and just in a nutshell, these are just specific financial widgets that you can add or take off and kind of customize. The feel to the chat room on the user side a little bit more. So, for example, you can see we have twitter up here.

So this is just automatic twitter feeds coming through sort of like how people do in discord where they add these different bots. To do things, except you guys, should have a little bit of the power behind some of the widgets. You guys would like to add, as more of them become available. So, just as like a quick little run through like here is an economic calendar so right into the chat room built in economic calendar right in the chat room built in stock, twits um.

So a lot of couple cool features here: um you know market movers and just just different things and data that you can keep up with along the side of chat rooms um, while you're in so they're just thing we're building out gon na take a little bit More time uh before we're ready to go full launch, but um you guys will know as well as anybody when we are fully live on that front. So anyways thanks for tuning in guys, i will see you guys on the next video so with that being said, take care and have a great day.