What's going on guys. welcome back to the channel! Uh sorry. I've been post the past couple days and my power actually went out of my house so power's been off for about, um, about three or four days now. Um so anyways, we'll get into it.

So yep, Market let's cover it. So this was our, um, last good, uh sell signal in the market. Had sort of like a false cross here on the buy side, followed by like another short little bearish cross there where the market traded down. So just gonna run through some stuff really quickly with you guys.

So based on the big sell signal here, this would be the FIB cycle of it going down. We hit the 1618, the 2618 hold the two six, one eight, I'm kind of bouncing now. All right? Um, um, you know. Um, next thing we'll talk about is we're going to look at the anchor V web of that spot, right? So this sell signal, we're going to look at the anchor V app of that.

All right. So I'm going to pull this chart over real quick. All right. So just know that this yellow V-wap here is anchored to that specific sell signal on the Spy so you can see right like this is priced at 412.19 All right.

And that breakdown right there was, you know, 412 19, 411 right in that area. So uh, pretty much what's going on here is, let me take off this little blue guy. You don't really really need that for now. All right.

So when you look at, um, this yellow line that's the anchor view app of that recent or last good sell signal. So there's a lot of bearish volume concentrated at the price of 3994 for right now. So if we zoom in, you will see that this price is currently this. V-wap is currently priced at 399.40 which is pretty much the reason why you're seeing the S P Top at 399 for you today.

You see that look where this view app is priced 39940 where's your pre-market high 39940. Now it's not always going to be that perfect where it's literally to the penny, but it looks cool in this YouTube video. The fact that we got the View app 39940 exact top for the pre-market so far today is 39940. Okay, so um, pretty much what that means for now is we're not going to be extremely long biased the market at this 39940 top price.

Um, until we get through it, right? So if the markets want to pull back, that's fine. All right, if they want to just bust right through, that's cool too. But pretty much I don't really see value in being long bias here at 39940. Uh, because that's a very key volume bearish volume level for right now.

So until we're getting through that, I don't really expect any aggressive, long bias movement up for the moment, right? So key level 39940 to get over all right, then taking a step back right? So this was kind of what had already happened back here in the progression of that move. as we're coming into it now now, we're going to take a step back. Um, to about here. All right and show you what was going on here.

All right. So Based off of this sell signal here on the market, All right, we're going to do the same thing. and I'm gonna delete a couple of these lines just to clean it up. All right.

So what I'm going to show you is pretty much like you know what had happened from like past couple days into Yesterday slash today. All right. So we're going to take an Anchor View app. I'm pretty much just going to Anchor it right here.

This breakdown: Um, I'm gonna take another one and anchor it like right here. and then we'll go to a one minute and get it a little more accurate if you may. Right there on that guy, that's good, which it's it's pretty much good. I I Really don't have to go to a one minute if I don't want to, but just in case, we'll do that.

So I'm gonna go. uh J J And we're gonna find out where is that on the one minute. So although I'm pretty close, I'm not perfect, but it's pretty close. Yeah, that one's good and then this one should be like right there.

Okay, all right. So when we look at where these V-waps are located, All right. So this is a sell signal just as when you're looking at the spy oh to my chart, do that Weird. Oh no.

Now I can't wait. Can I reach it? Yes. Hold on I Gotta get there. it goes.

Okay, so just as we have this cell signal here, we're gonna basically follow the same approach and same rules for this cell signal. So this cell signal here we anchor the V webs too and you can pretty much see that that baby blue line. those those levels that V-wap is going to be our short-term bearish Trend resistance you can see doink doink doink going down going down. Now when we break through that, that's where the squeeze is going to start.

Because you can think of it like this: this short term sell signal bearish momentum going down the concentrated volume level for the Bears is the baby blue line. So as we start to get through that, you're essentially squeezing out bearish volume in the market. So what happens when we get through that baby blue line? That's when the move really kicks off. All right.

So it started down here. Okay, but it kicks off through the blue and we squeeze All right. So um, the concept is yeah. I Want you to wrap your head around is know how we're talking about.

We're not going to be much more bullish because we're not over the yellow. So think about the yellow that sell signal from back here in the market stayed below it. Now think of this recent sell signal here. It only took like one or two days and then we broke back over it and what happened.

we broke back over it. Big Move up. So that same sort of concept is also applied to the yellow. and that's why I'm saying once we get through the ELO successfully, that's where we'd see more momentum up.

Okay, but for now, it's kind of dicey to be getting long around there in my opinion. All right. So again, this was that sell signal. The yellow View app is this sell signal.

Okay, this cell signal here is the baby blue. once you get to the baby blue Big Squeeze. Okay, now once we broke the baby blue, you could sort of figure out, um, some price targets by running the upper distribution which is going to give you the max pane of those bears under the blue. So the people that are bearish from this move squeeze over the blue because that's their volume weighted average price.

And when they squeeze themselves out fully, they generally are going to take themselves to their max pain level. And we find their max pain level by figuring out the upper distribution of this volume weighted average price. So when I click the upper band, a purple line is going to come on the chart right around 397. Okay, um, that's at 396.50 Oh, that's because I'm on the one minute.

Yeah, so 396.50 on the one minute. And if you look at the 30 minute and I pay very close attention to the 30 minute, you guys usually hear me talk about the one minute by paper your close attention to 30 minutes. Well, so if you look at the 30 minute, it's priced at about 397.. Okay, so I'm just going to add a little purple line here just so we can reference on the chart in the one minute.

Okay, so pretty much that's actually 396. Whatever, it doesn't matter, it's good enough. I'm so anal sometimes. All right.

So again, as you get through the blue, you squeeze Up the Bearish Volume that's been playing this move down and their Max pane is the upper distribution which is the purple line here and the purple line on the 30 which comes in about 397.. Okay, and if you full blown squeeze them, it's going to happen once you get through that purple zone. So again, Baby Blue average share price of Bears trading this sell signal. Getting through that you'll start to squeeze them.

If you squeeze them successfully, you'll squeeze them to their upper distribution which in this case would be from the baby blue to the purple and the purple is 397.. Okay, to do a full-blown Rippy Magoo You have to break them out of their upper distribution because that's like their max pain and then breaking through. that's like oh, and they just rip themselves Okay So after we break through the purple, then I am looking to the next big sell signal V-wap which is the yellow. and if you look at the one minute the yellow V web comes in at 398.77 nearly where we topped out after the full Rippy Rippy Rippy Okay, the 30 minute has it at 399.40 which creates our pre-market top today.

So if you got all of that, that's pretty much all not. Actually, it's not all I have for you today. Okay, um, but man, I don't want to make this video too long. But pretty much the only other thing that I'm really paying attention to um is pretty much like the price of 397.54 And um, one second, let me make sure this is on the right thing.

So and I'll explain why I'm watching these prices too. it's gonna go to the low and we're going to take off this. We don't need that. Okay, so the only other prices I'm really watching um are for right now are going to be 396.91 and 397.60 And it pretty much yeah, I mean pretty much it's it's this, right? So we're kind of just watching like uh, you know what did I say right here? 396.87 Because because again, right if you squeezed out the bears from the baby blue, if the market were to fall back down into this Zone a lot of people that were short and are underwater are now getting back to like break, even where they'd be likely to cover, right? So let's say you were short.

A couple thousand shares of the Spy which means you're a Millionaire right? Let's just say you were all right where it was. 100 shares? It doesn't matter, but whatever it is, your account value doesn't matter. But let's just think a bunch of people were short. They got squeezed out right.

If the market were to fall back down into that zone, it's likely that the people were short are going to go. Oh thank gosh, let me get out. I'm going to cover. and when they cover, they're gonna add buying pressure to the market.

So buying into their buying pressure Zone could ultimately create sort of a bounce. So pretty much what we're going to be doing is we're going to be tracking the oh no, no, no, get back in the chat. Uh, we're gonna be tracking the 50 SMA V app which is at 39759 to Uh 39711 and the one minute tan SMA break which is at 39694 and on 30 minute 39640. So arguably you know this is sort of the key level down here.

Um, where if the market were to pull back and we get a re-test somewhere in that zone is is, ideally, uh, probably a nice dip by spot I would assume okay and then really. The the last little tidbit I'll say is is this right? Um, today we may get a new Buy Signal As in we might get this 10 SMA to cross over the 50 SMA And as long as the market isn't trying to do some choppy consolidation um, and we get across, then then it looks like we'll get some respect. All right. So so what we're kind of doing is waiting to see if the market pulls back, sustains pretty much 397..

do we get the tennis and made a crossover the 50-day Um, dictating a new Buy Signal And if so, we definitely aren't going to be short biased anymore. And in the event we get the Buy Signal and the market is able to then get back over the 39940 view app, we will effectively start squeezing out some of the bearish volume from this big sell signal move. So there's a lot of bearish volume concentrated here today. We might get a new Buy Signal and if the Buy Signal is valid and it works well and new money comes into the market and it's strong enough to push the markets up and over 39940, then we may be able to squeeze out some of that older selling bearish volume for another push-up So that's pretty much we're watching in a hole.

Hope you got all that appreciate. You guys take care.