What's going on, guys? welcome back to the channel. Appreciate you guys tuning in. Uh, today's video won't be too long. I'll run through things pretty quickly so you want to stick around.

Uh, too long? All right. So we're going to pop on to the charts here. Um, so we're going to start here on trading View. Now, if you watch last night's videos about 10 minutes, then you've probably seen most of this and how we had all that set up.

Um, but for the most part this was our bullish cross. I Know there's a lot of lines there, but just ultimately, uh, the 10 over the 50.. So this moving average and that one have crossed right there. All right.

So that was a bullish cross. All right. And so ideally we are. Uh, we're tracking.

um, we're just tracking the volume weighted average price of this move. So for right now, and let me actually adjust this just a little bit right here and pull this one down here real quick. All right. So ultimately, um, what we're looking at is the uptrending move.

Currently, the Market's in an uptrending move. Uh, that's what we're following. So this line you see down here at 396.76 Uh, that's obviously going to update a little bit at the open, but for now, that's kind of the hard line support. Um, and when we go below that, that's when you would see momentum kind of truly shift down.

If that makes sense, it wouldn't necessarily be the top, but it would be that point at which momentum truly shifts. So this blue line here at 396.70 396.80 This blue line is obviously on the bull side. Now, this blue line right here is the same thing as this red line, but this was a bearish move, right? So when I'm telling you guys, and I'm keep saying you don't really see a bearish shift until you go below this, You can think of it in your mind as this: that's what I mean All right. So unless the price comes down and we get below this, you're not going to see the momentum really shift just as you saw here.

And I would say the same thing a couple weeks back. you're not going to see the momentum shift bullish until we clear the red line. Here's your clear and there's your big Momentum shift. All right.

Same thing vice versa. You're not going to see big bearish momentum shift unless you're below that. All right. Um, so for the most part, that's that.

We're bullish for right now. watching the moves upwards. Um, pretty much I'm just kind of watching like these are really the main main levels for me right here. Okay, this would be a main main volume weighted average price and this one right here.

Okay, these are the two main V webs that I'm watching on the way up. Okay, now if momentum is really strong, uh, the market will shy these V-waps and that really give you good bounce trades on the way up something I will do for that to kind of Chase Momentum up if you may and I wouldn't really call it chasing, but it's kind of like chasing the volume weighted average price up is going to each key moment in the chart. So like we have this view up here and this one here, right? So as I said before, if Momentum is really strong a lot of times the market won't give you a perfect test that these levels to get a low risk trade. so from there it's usually going to be.

um, you see how we have this view app right? it's running up and you know pretty much we hold here and we explode off. So like this would be an anchor view web spot. Okay, and then you can see it holds right here just before the close and rips off. so that would be kind of the next anchor V web spot and this is how you're going to start getting that Trend closer up to the price action.

Um, so that's what I'll do in the Momentum's really strong, but for the most part right here this Zone down here that's kind of where we're expecting. uh, the first attempted dip buy would be on the day for this Market or just into this area is kind of like that low risk air I'd first be watching long biased. Um, and if for whatever reason you were to take out this Zone then I would just be kind of looking downwards to the next view app which is around there. Um, so to put it, simply, mark it on the long side for right now we'll be watching more on the bull side.

Um, until we take out the last of the V-waps and or take out the 50 SMA Other than that, not a whole lot more to cover. There are some important earnings that are going to be coming up pretty soon and so you know the last little bit of this is kind of uh I would say the Spy right? So if we're looking here at the Spy yesterday we got into the weekly deviation level. so this guy up here so that's a good profit take spot. Not surprised if you see a pullback which we've already done there.

Um, so just stand alongside unless the V webs get taken out and or the 50 SMA gets taken out. and a lot of this movement coming into the Market's probably going to be off the back of our upcoming earnings releases throughout these couple weeks. So that's all we have for now. Bullish.

until stated otherwise, everybody take care, have a great day.