Come on guys, welcome back to the channel! Figured I'd pop on here quick, give us a quick morning run down. Uh, before the day starts so well let's just kind of hop into that. So using this chart here on the left let me zoom in. So we had a bullish cross back a few days ago last week so Market traded up. We have yet to have a bearish cross or break the 50 SMA so until that happens, arguably you'd be on the upside. but as a trend is Shifting and bears are starting, you would end up breaking it. So pretty much this is our hard line support right here at 399.22 Now I Believe if we go into the chart to the right you will see that is where our Hardline support is. We held it after hours, bounced broke it this morning. Then we've kind of been trading and chopping right around that area. so ultimately the market is at support. That's how we read that and when and if we break below it and start to hold below it. Volume is heavy to the sell side that gives us early indication we will break it or once we've broken it we're going to stay under it. However, you use indicators volume this that the other to confirm something for you. then that's what I would do if I were you. But ultimately the only thing I can really say is once we break it in a manner that is acceptable then we would consider that to be a sell signal. Okay, so ultimately we were long bias the market until this 50 SMA breaks or until a couple other things happen. But let's take a zoomed out look here on this five minute chart. So ultimately this is when we got a bullish cross so you can see Market traded up one day, traded up two days stalled on the third day today gap down. So in essence we have been long. higher lows, higher highs, higher lows higher highs and then you start to create lower lows lower highs, lower lows lower highs lower lows break of statistical probability support gap down. So now we are on to more of a bearish trending Direction against R50 SMA Support So the market must maintain this Zone and this 50 SMA to prevent a sell signal. If we break this 50 SMA and trade down like this, that would arguably constitute as a sell signal and we would no longer be watching anything long bias unless we got back over. So right now is a very interesting day. Um, there's some stuff you know people are hearing more about these China riots in China with Apple and and really, that's that's not good. um for anyone. So you know the best thing that could. The best thing that could happen there is just the uh, the Chinese government just um, stop. You know, let people have freedom. You know things like that and uh, we have a much more peaceful environment over there and I'd be happy and people would be happy and you know God would be happier with other people you know. So ultimately, all it really takes is uh, just allowing people to have some, uh, some freedom and let them speak their mind and things like that and what will be happening over there probably wouldn't be happening over there. So that being said, Um, yeah, markets may be seeing some terminal from that blah blah blah blah blah. Okay, so ultimately your long bias, as long as the 50s, it may hold one's a break to be bare. All right. Then moving into this chart, over here, we'll take a look at some anchor. V Whaps? But Ultimately, these ones you see here are daily levels. So I'll show you what I'm kind of doing here. Um, this will take some time to get used to it. Um, and it's not necessarily subjective. Um, because at the end of the day it's just one. It's 100 repeatable. The the points that you pick are arguably slightly subjective. but at the end of the day, the the foundation and the rules for picking your points are all the same um and and generally come up with very similar price points. But anyways, this is the last bottom of the market in the S P 500. This candle is a really big candle. Extremely big. Um, there's like a 1300 Point day, something like that or a 13-point day. So big move A candle like that. A super big bullish Candle on the bottom of the market. That candle's big. It's interesting. it has a lot of data, blah blah blah. So we're going to Anchor V web to the bottom of that and pretty much that's going to be our uh, our low. Point Trend Meaning this is our ultimate Trend that we want to see maintain from this bottom to continue going up to see the market going up. Once we get below this anchored V-wap we're essentially taking out the volume weight average price of the bottom buyers which could therefore flip us and make us turn red and see bearish moves. Okay now from here. Uh, the next thing we basically do is um I'm an anchor view app to the bottom of this candle. the bottom of this candle in this area that is kind of the retest split demand of this up move. so we're going down. We reversed up these two candles here, pull back to retest the change in momentum which again is pretty much right here. All right, excuse me. So we were down and then this candle breaks. Above So Then this becomes the momentum shift area and this candle and this candle. These re-tests of this area are a retest of a momentum shift. So this would kind of be your immediate momentum um, level. So our immediate momentum level would give us support right here. this pink line. So we tag it here and we launch off of it. So to me this is very important volume that held this level and then launched us. So arguably what I would also do is then I would um, anchor another view app to the low of this candle. Okay, and then that would become one of my new support levels right? And we don't hold it here and we kind of take out the second one. But we hold our ultimate support level. So arguably you could take this one off now just because it's broken right and you can take this one. I Mean you could. You don't have to, but you know you could take this one off and make all right. Okay, so we held this and once we kind of trigger a bounce off of it, you can re do the same process which would be anchoring a B web to like right there. Here's your bounce and then you can anchor another view up to here and there's your bounce. And then since we've done this one, we bounced, our new one would look something like this. either from this low or from this candle right here. This doji candle that does the split demand And so now those are our two most recent short short minor term momentum Trend levels, right? So objectively the Market's going to try to sell to these points and then if these were to get taken out, we would retest the price of 391.35 So people like oh, you're doing too much Maybe. but again, this is just a way of tracking immediate momentums, different dip by levels, seeing where different dip by levels can be based off volume, weighted average prices and things like that. So anyways, yeah, so these are kind of your daily support level trends that you'd be looking at somewhere in like 396.99 arguably 394.50s Okay, now regardless of the daily View apps our 50 SMA supporters at 399, 20s, 399, 30s and you can see like currently we're trading below it now below the 50 uh SMA we only expect a break of the 50 SMA Um in a in a bearish cross and a move below the 50, we first only expect moves to 397.27 because that's the 100 SMA So in terms of sequences, 50 SMA break takes price here. just as you can kind of see here. 50 SMA break takes price 100. That time we break above I could take you to some examples in the past like here we have a move down. we break the 50 SMA We create a bearish cross. we gap down overnight. Where to the 100 SMA Um, you know we even did it like back somewhere back here. All right. So break 50 SMA cross down first move 100 SMA Um, you know, cross 50 SMA here. cross up first move 100 SMA That's kind of what we expect. Um break 50 SM here. tag hundred Um, same concept here. break 50 SMA Tag hundred 50 Sm-800 Etc So objectively Market sells out today. we're going to expect prices of 397.26 as the 100 SMA tag. Looking at where our daily volume weighted average prices are, they start at 396.86 396.90 so arguably right at 397, which is very similar pricing structure to the 100 SMA which is 397.20 The next thing we'll do is we're going to kind of delete all these ones and we're going to redo these. and now we're going to go to a 30 minute time frame. and uh, pretty much this was our last Bulls cross. So in terms of short-term trading, momentum vlaps on a 30 minute scale which is a very popular scale. Awesome scale. Pretty much this is what it's going to look like. We broke here so I have to come here and take this to a one minute chart. Okay, okay I should have been this a day, right? Yeah, all right. So looking at 30 minute scale V web so basically going to be something like this one there, um, just tie one like right about there and these are just be just because of the situation that we had. The market was just kind of a little different. But anyways, so these would be our momentum short-term momentum dip, buy levels. um, ultimate. kind of the same way that you saw me do the daily chart one the lowest one and said this is our ultimate low like Trend and we want to stay above this. That's the same concept for these ones you're kind of seeing here and so when we get below these levels uh, the market is starting to try and shift momentum down. Uh, so objectively, we're not really that bullish anymore this morning. Uh, we're kind of like on the edge. still like we're waiting to see if the market kind of did something fakie today. and so you know I Kind of think we'll see some attempt of like a jagged bounce back, but then it gets sold into um so we'll see what happens. But ultimately for right now um, you know, right about the 399 50s um area was kind of like key for me so we'll see how today plays out. We've kind of started a new short-term downtrend in terms of price pattern. We've broken some key levels so far Um, so there's just a couple things we're watching at this point. um which is basically bounces back see if it gets sold into for now or if whether or not it reclaims anchored View apps which for right now we're all kind of Priced Right about 450 400 um and I can get it to 3.95 if I finagle it. Um which I mean I don't have to. But um, like I said, this one's slightly more complicated only because you kind of have a break of the 10 here. Then you have a break of the 50. but then you kind of break the 50 back down and break the 10 back down. So it's debatable which volumes being tracked the most. Whether we're going off early ones which would be like right, like right. really, it's like right there it's down a little more which would be like right there and you can see that's going to get us slightly closer where we're at. You can see we're down to 400 now, so there's a couple things I was watching. But anyways, we've broke most of the anchor V webs I'm looking at we've broken the 50 SMA a little bit. Um, so we're playing right on thin ice right now. so yeah, hope that helps and uh, take care.