What's going on guys welcome back to your morning, video going to get ready to break down the market so with the way it sits, the nasdaq has support at 350. uh. It does have some resistance here. My charts look a little different than what you're used to right now, i'm just kind of trying to operate on a more of a simple version, see if i maybe like it better, we'll see, but right now, really just working monthlies and weeklies, but nonetheless we have Six month support at 350 55 on the nasdaq and we have some resistance from the weekly on the spy here.

So this is kind of what's preventing the market from going higher in the nasdaq from going higher and then that support on the nasdaq is what's kind of keeping the market balanced here, so you're kind of just in this range. So if you've been like man these days are so choppy, it's like yeah, i mean we're basically just trading in a range right as defined by these uh statistics, so anyways. Nonetheless, you don't really have much of a breakout unless you're over four four seven seventeen and you don't really have a breakdown in the market unless the market was actually below 350 55.. So arguably, if this upper move does not hold, we could very well see a move right back down to 350 55..

So for the day, i'm just going to say my max downside destination for the time being is 350 55 until we actually go below that and for now realistically, the max upside destination is 447 17, as we've been topping there recently a lot of headlines with russia Coming out this morning and a couple other things but uh nonetheless, that's pretty much the market um. I don't really think we need to touch on it too much more than that um. Obviously, if the market breaks up, then we just target to the next levels up which would be 450 74.. So i guess the way we'll leave it for today is really you're only bullish for a breaking move over 47, 17 and you're, really only bearish for a breakdown move in the event you're actually going below and holding below 350 55.

Currently - and that's really on today's morning - video - i hope you guys enjoy that and i'll catch you guys in the next one might upload some various videos throughout the day, so stay tuned. For that alright guys take care.