Good morning, ladies and spiderman get ready for your morning analysis yesterday, the market ripped down hit support, ripped up ripped back down to support then ripped up, and that was kind of a confusing day for a lot of people. So one thing is for sure: yesterday was a day where most people did not understand what was happening and the reason being is because they're not supposed to understand, what's happening. So if yesterday you found yourself like what the hell, this is hard. This is challenging.

This is confusing just know that it was meant to be that way. So, if you're, having a tough time or if it was tough, don't beat yourself up. Okay, the game is never easy. If it was easy, everyone would do it and everyone would succeed and the reason everyone can't succeed at trading is because it's a zero-sum gain game.

So, in order for someone to win, someone has to lose. So that's why everybody can't actually know how everything fully works, because then no one would ever actually make money because somebody has to lose or someone to win so um yeah yesterday was a challenging day. Now, let's talk about today, so today i've already been bearish. I'm already in a small short with the spy, but pretty much the goal of today and my position i'm in was to be bearish because the market was not getting over this and being bearish we're looking down to there.

So, for me, i see the market is in a small quadrant or a box which is spy. Four, four, three, three, two, two, four, four, six, six: five. We only expect the market can be additionally bullish. In the event it is actually trading above four, four.

Six. Six, five and more bearish only below four four three three two, but the market had the possibility of a pullback from four four six: six, five down to four four: three: three: two! So now it's! What do you wan na do? Do you wan na hold four? Four three: three, two and bounce, maybe try to go back up and over. I don't know, but one thing is for sure you will not see any more bearish until you go below four four three, three, two with a lower high and you will not see anything more bullish in terms of a continuation breakout run unless you were over four. Four: six: six: five with the pull back and hold so, therefore, your only long bias trade that could be coming up, close or immediately would be a potential bounce trade here, which then maybe takes you back to the four four six six, five.

Okay. So, aside from all the confusing this that there and the other pretty much you're, not really bullish until you're over four four six, six, five in terms of continuation, moves and you're, not really bullish the market unless it was testing the four four three three two for A potential little dip by bounce that maybe goes back up there, all right and now you're, not really bearish, unless it's a break below four four, three: three: two, because you already had the bearish top, which was off the four four six six five. So if you were trying to pick a top too short, it would have been here and now, if you're, trying to find a breakdown short it's below here, if you're looking for a dip by long, it's potentially here if you're looking for a continuation breakout long, it Is over that which then you would target there, but we're getting ahead of ourselves now, so that is the nasda or sorry, that's the spy. Okay.

Also, if i may, one of the reasons why i was comfortable being short here was because i was actually long from after hours here i didn't get off the support, but at this point i said you know what i think the market is going to go through A cycle move and it's going to test the upper upper channel here so basically, last night i was long and said i think the markets are going to try to break up tomorrow. So i wake up this morning and the markets are all the way here. So if i think about the way that i view the markets, i think the markets move in cycles and my cycles go from. Basically, these like bigger, dotted lines to bigger, dotted lines like that's a cycle.

Okay, so we broke down started. A new cycle went all the way to here. We held support, we kind of flag broke out of here and we completed that cycle right. So if you think about that right, one cycle from dotted to dotted next cycle from dotted to dotted.

So that's why i entered short, because it was my expectation and my belief that this bullish cycle is done. We could go more, but for now it's done and this bearish move could turn into another new cycle. That goes all the way down there, or maybe it's just a counter trend. Pullback in a bigger cycle move up which we'll find out very soon when we get to 44332 right so cycle from here to here cycle from here to here cycle from here minimum to there possibly more below there, okay, so that's kind of the way i was Viewing that and how the reasons for the trades and so that's another thing is like i'm not perfect at it, but by any means, but you know, if you can, if you can trade the market from a cycle down to the next one you're, not even like You have no confusion, because if you, if you hold this whole short, you know that people are buying there right and if you hold from here to here, it's like you know you pretty much accomplished the long.

You should probably see you know. So it gets a little easier when you're riding moves sometimes to get a feel for what's going on all right. Next one is uh the nasdaq all right. So we look at the nasdaq.

You will see the nasdaq has support right. So thinking of sorry, so thinking of the same way, we did the spine i'll look at the nasdaq right. So if you think the nasdaq so nasdaq from big dotted well, that's not the big one, the ones down there, but close so like kind of big dot. It's two big dot.

It's right, then big dot. It's two bigger dotteds right cycle down two, two back up two okay, so you will currently see that the nasdaq does have a level here that it's currently supporting. So it's very similar to that of the spy and we go look at the spy. You will see that the spy has a level here very similar, we're not quite there in the spy and the reason we're not quite here this one on the spy is because it's partner in crime.

The nasdaq has a level that they're running into prior to the level on the spy. So if you're someone that's just solely looking at the spy using this system, you'd be like. Oh it's on support, but it's not quite on support. True, but the reality is his partner, nasdaq kind of is so now we know the spy won't get to that lower level unless the nasdaq takes out 350 287 - and i mean the stuff that we're talking about in this video is so complex.

It's not even i mean maybe it's complex, i mean they do say the more complex strategy, sometimes it's better for the trader to avoid, because when a strategy is complex, then sometimes it means that it's been curve fitted to the trader's choice. If that makes sense. So therefore, maybe not suitable to all other investors, but i don't think that's the case with what i'm teaching here. I think um it's not too complex, but i don't know maybe i'm wrong anyways, so um so yeah.

I mean that that's really just it. So so what am i going to do today? Well, i'm already short, so i mean there's that um you mean here's the deal unless the nasdaq is over 355.67, i'm not even bullish. Remember yesterday i think i said we're not bullish unless the market is like over three something i don't know, i don't even remember, but it's the same deal now right, we're not really bullish until the market is over that level. So, for now this is a bearish move with a counter trend, bounce back into resistance.

So, unless it's actually above this down, in my opinion, okay now, i do want to take a look at the longer term chart because it, it definitely helps me, and i know it can help you and the reason it helps me is because this is how i First started analyzing this sort of data as opposed to what you're seeing on the screen. Now that's more of a complex integration, blah blah who cares so when you look at it from like this perspective right? This is how the market is working right. We came down. We had support, support, support, support ripped up, so that's a break out.

Okay, this is a pullback, that's a re-test of that breakout and that demand bounce cannot get back over these highs, so lower high okay, then you can see we pushed up. Sorry i made like a little higher low here, so you got a trend that goes that way and that and then you broke that down. So when you come out and you break this down, you ran in this case all the way down to the lows. Pretty much found support and then look what happens you bounce back up? It hits the green line and then it breaks over the green line.

So that was a breakout right there. That's a breakout. This pulling back can be a pullback down to 350 119 as a retest of that breakout. So today i'm optimistic that right now we're in a sort of a short-term bearish move that also might meet some bullish defenders at 351.19.

So for now, since i'm an intraday perspective trader, i mean i'm really just bearish for a pullback down to 351 14s 350 120s in that area as a max right now: okay, spy. When i look at the spy spy is you know arguably similar right suppose so so spy was pulling back down to that four four, three, three, eight! So right we had come down, we had broken up and over so for now. I think it's a pullback with a bullish move off of the 44338 as an attempt, so that's kind of it. I think we're coming down in a dip by and the markets are going to try to push upwards again.

But it's just a matter of just a matter of finding that support, so you know i'm really i mean that's it. I mean this. Is this way view it right here? This is the quadrant. That's our market.

For now this is where the market is trapped in below the bears can take advantage again and above the bulls can start coming back alive a bit and that's really it so. You know, i don't think i'm going to try to trade two or two i'm only going to try to trade out of them today. So if, at any point i feel that there's confirmation below this level, i might go short - that's pretty much it. If i feel there's confirmation above that level, i might go long and if, at any point something convinces me, i want to trade on the in between side, then i'll make that decision on the fly as the time comes.

If i see good demand and something like that build up, so i hope that guy, i hope that helps you guys. I guess we'll see in the next one. Take care.