What's going on, guys, welcome back to the channel. Appreciate you guys tuning in. This morning we had economic numbers come out blah blah blah Okay Cool! So here's a chart. Pretty much this yellow line is a dip by for now: 382.77 Uh is the first expected dip by level going into the open.

The expected margin of error of that dip buy is going to be down to Um 381.92 somewhere in that area. Um, the ultimate dip buy level on a day arguably is around 381 14. Yeah, so for right now, uh, the market is over the 50. SMA So if you see this blue line here, that's the 50 SMA this blue line down here.

that's a 10 SMA So you know if I wanted to I could add text right there I could just say that you know upper is 50 SMA and that hardly shows up there. But oh boy. All right, and then this is the 10 SMA down here. So pretty much over these two levels that is, that's an uptrend.

Okay, so with that being said, pretty much looking dip long at Uh 382.80 for now in the open and then you know, even if 382, uh, 77 broke, then I'd expect the market would fall down to about 31.93 and then bounce and then below. That would be a cut level because then we'd expect it probably to fall back to here. Um, and arguably you know this is the problem I'm running into with Um, Well let me just explain. So ideally the 10 SMA Anchor View app might be slightly off today, and that's partly because I can't really get I mean I can't It's becoming slightly subjective today as uh, objective because when we go to a one second chart, you will see I believe on a one second.

Yeah, let's see there's no price action really I mean there is but not the way that I would like to Anchor to it. So what I mean by that is. So if you look at a one second chart and this is kind of what I mean like you know if you look at the the two blue lines right bottoms of ten uppers of 50. you can see and let me delete this.

So pretty much this is the tennis I made this is the 50 SMA This morning pre-market we come to the 10 and then just Gap straight to the 50. no price action there. So basically I would like to Anchor The View app to about this level right here but the only way to do that is to Anchor to the high of this candle which is then going to screw everything up so can't really anchor to the high of this candle. but I can anchor to like the retest of this level.

So arguably I can add an anchor here or I would be adding one right at the break point which is like pretty much right there of the 50. SMA. So right now let me do it like that, see if it? Okay, so right now like this, three pretty much 383 level is an expected support for us all the way down to 382 16. So the 3216 is the margin of error for the 50 SMA trend.

and then if we were to change that to, uh, the tenants of a train which is pretty much like this, all right or it would be like starting off this. but I can't really get that. So really in this dip level, it could be and they're going to come out roughly similar right if we move it to here. we got 382.79 Uh, but your expected margin of error is 382.

so you know that's part of it. Where it gets a little tricky is when there isn't price action directly at your level and then it slightly becomes subjective. Um, but at the bottom line is right, we're just. we're pretty much anchoring, um, you know, trying to Anchor to the tennis that may break, which in this case, there's really not the price action needed off that level where we get like a low where I can do it so it's just going to automatically throw it either up to the one above or we're gonna end up going to the one down here.

So I'm just going to work off of this one for now. um, excuse me? Yeah, we're gonna work off that guy. and then, uh, we're also going to add another one which is pretty much the 50 SMA break which is like right there. bring it down Some, You mean good enough.

It's pretty much there. Zoom in a bit. Yeah, maybe I could probably get it, maybe closer. Yeah, a little bit.

All right. So 383 is kind of the right in this area. 383 first expected level. maybe three to 20.

Um, yeah, 3 to 220 might be our margin of error level down for that momentum move. Um, but yeah, uh, that's that's. pretty much pretty much it for now. So yeah, pretty much just long bias.

First tracking at 383 here. Um, and then if that failed, of course my next expectation would be down to 3 to 21 to 31.96 and then basically be looking for a Long play in this area for now. Um, I would be short bias or I will be back on the side of being bearish when um, pretty much the 50 SMA gets taken out. So if the mark comes all the way back down here and sells below this point, that's where we'll be like, okay, maybe maybe we didn't shift Trend up and so pretty much every day I'm just always looking, um, for, uh, you know, for some sort of trend action, right? And so for right now that Trend action can very well be right.

We passed our first dip level. pre-market margin error of error would be 3 225. Um. and then of course anywhere down here is fine.

So first is tracking for a dip buy. If these volume weighted average prices don't hold up, that means the Mark is most likely shifting down to the 50 SMA And you know the only, You know the the only way I can really like, uh, explain much of this to you guys is just by looking at uh, the previous day's trading action and just kind of walking you guys through. You know what ended up happening? I'm on a one second try. I'm going to increase this to like a one minute for for right now.

just make our life a little easier. But yeah. so if we go to this one minute chart and we do the same process so we'd be like, um, doing this right. So here's the tennis.

it may break Alt J Oh I'll bring over here. um one second oh J and then that's the 50 SMA break here. All right. So if we were to do the same concept, we'd be breaking up here.

So we're going to take our anchor view app. we're gonna adjust it so it's proper so we're gonna go and put I style upper band like that. Okay and then you can see going through the day. that was our Trend right off the yellow from the yellow to Red down yellow to Red down yellow to Red down.

So mainly the market was pushing downwards and the lowest risk areas in the yellow to Red kind of concept. And so that same logic applies here, right? So we're going up. So our first long buy is going to be here. Off this yellow line which you can see is starting to happen.

Um, if we were to go back to a one second chart, you can see like um, well, we're still Below in the one second so things are slightly adjusting on the one second to get more accurate. but on a one minute you'll pretty much see where holding that level. Um, which actually if you do it on the one minute, yeah, I could arguably be slightly better. You know something like that right at to the 50 and that would be the retest.

Let them go. Okay, yeah, some way up. So anyways, just kind of watching long bias. All right guys.

take care.