What's going on guys welcome back to the channel, appreciate you guys tuning in sorry, i haven't made one of these videos in a couple days just been pretty busy over here. So what we're going to do is we're going to jump into the spy we're going to jump into the nasdaq help you guys make a little more sense of the market. So, first we're going to look at these longer term views just to give you guys a simpler, less confusing analysis, because there's less lines to talk about, if you may support targets, resistances so really quickly, you're, not bullish right, there's not going to be a bullish move Unless it's a bounce counter trend bounce and if there's going to be a reversal, long play trend change minimum that cannot happen until the nasdaq were back over 333 or the spy was up and back over. I think that's a price of like 432.

So if you're, the ones watching the video that price point line there on the spy and this price point line here on the nasdaq minimum, you can't really see a bullish trend. Change, reverse until you're up and holding above those levels. Otherwise, the trend is just still down. Trend is just still down so, since the trend is primarily down at this point or it has been and as it stands now, it looks like it may continue that as long as trend stays down and continues downward, your next bearish snap is going to happen on The nasdaq, through a price of 320 83 and your next bearish snap, is already happening on the spy, because it's right there that green line that you see priced right there.

That is the next level and that's priced at about 422 ish. So the spy is already breaking down one of its key levels. The nasdaq has to get down through another one of its key levels, but once you do that your next bigger weekly levels don't come into play on the nasdaq until 309 and they don't come into play on the spy until about 4 1206.. So what i'm saying is your next bearish breakdown trend down kind of like this move right here you see how this move snaps and then it rolls down so like one of those kind of sell-offs are going to lead the nasdaq into about 309, and it's going To lead the spy into about 412 or so okay.

Now, when we dive into say, like some 20-day charts, we'll start to see more levels that we can talk about, but what i just showed you right. There is primarily the easiest way to describe it for most. Okay, so now we look at uh 20 day, one minute here, and so these are time frames that i use pretty regularly throughout the day, because you get a little more detail, so you can see now that we've changed the time frame. We have a level that comes into play right now at 4, 18.

61. On on on the spy, and if you look here on the nasdaq, you can see why we're bouncing pre-market. We've got a couple levels here at 322 or 323 and 322 30s, and then we have another one down here, like 321, 320, 90 etc. So earlier, just a few minutes ago, when i talked about the big trend move down to 412 on the spy and down to 309 or like 310 on on the nasdaq, if you look at this view, you're gon na see that there's levels that come into play Before 309, so the next downward support level target bear cover short zone - it's like 3, 13, 25 to 309 on the nasdaq and right now in the spy.

It's pretty much the same, as i said before, basically about 4 12. Okay, so now the best way of describing is these levels here on the nasdaq. When we get through that hold below next trend down target would be there unless, once we break, we get a recover of that and start to hold higher lows off that right. If that happens, then that analysis i gave you would change, but otherwise, as long as we slide through hold below trend down, that's where you can expect to see the market 313.

25. 310 309 and same thing here: spy down below the 418s area, pull back higher, low or sorry lower, high trend down remains you'll, see 411s 412s, 410 on the spot, okay and that uh. That is pretty much today's market video for you. I didn't really talk about much on the bull side and that's primarily because the trend is down um, so it'd be the same thing me just talking about levels on the upside which right now on the spy, it's 425s, 433s, etc, etc.

But since trend is down and things have been going down, we'll continue staying in the direction of the trend until that reverses. So with that being said, thanks for tuning in and i'll catch, you guys in the next video take care, oh yeah, by the way i might be sending out like a form over these next couple days, uh for people to put their names and emails down. For me to contact them, because there will become, at some point we're going to relaunch with a new service private streams. We've just been trying to figure out who would be the best server or service to provide a lot of these tools for us.

So that's something! I've been doing over the past couple months is having meetings with different companies, so again i'll, probably put a form out and if you guys are really interested and i'll be able to directly contact you when that time comes, as opposed to me just making a bunch Of random announcements on youtube, but anyways, i will see you guys in the next video take care.