Good morning guys! Everyone welcome back to uh, the channel. Appreciate you guys tuning in. So we're going to start here on this screen. give me just a second.

Okay, so yesterday, if you look at my YouTube video, it would say Market is bullish since we are still over the 50 SMA And so it's not that you won't see some sort of bearish activity while you're over the 50 SMA It's just that the trend will not fully shift down until the 50 SMA gets taken out. Okay, so with that being said, you will see that the start of yesterday's morning was bullish followed by the remainder of the day being bearish. Okay, and so with that being said, you see, we've broken the 50 SMA That's that's bearish. And then the tennis May is cross below the 50 SMA which many times is going to Signal Uh, that the Market's going to sell off.

Okay, we had a false sell signal here. so you may be looking at this video right now going how much, uh, validity is there to what he's saying. Okay, but again, let's kind of repeat this process. when you're over the 50, the market is still bullish or you can't actually sell off until it gets below.

Once you have a sell signal where the price is below the 50 and you get a sell signal many times, it will dictate a sell-off. Here we had a bearish cross. Was the price below the 50? No, it was above it. So again, can't sell off until it's below the 50..

So in this case the market gets over the 50. it maintains over the 50 as the 10 drops below. False sell signal come to where we're at now. Market Holds 50 Holds 50 breaks 50 bounces back over 50 Holds 50 breaks below 50.

Bear Cross Okay, so that's more of a legit sell signal. all right now. with that happening, you will see that the market has so far gapped down overnight, so we closed around 401. We popped up close to 402.

Some charts like Weeble says the Algos ran it to 402.16 thinkorswim says 401.71 Again, just those random calculation games at the stock market rigged industry does. So you can see we've gapped down to about 398 so far. we've traded down to 398 so far on the Spy. So a lot of this Market is, uh, data dependent because we got a lot of stuff coming in today.

so pretty much everyone trading and watching the markets, really, just waiting for the news to come out to kick-start the volatility and really just let the Algos kick start the market however they want. Okay, if you think that you know a retail person's running the market, that's just not true. Okay algorithms and what have you run the market. So the pre-programmed they have programs they run off of moving averages, they use statistics, they use all sorts of things that you and I may or may not use and blah blah blah.

So anyways, algorithms run the market okay, so many times we're just waiting for the data to come out, to see which way they run the market, see where the demand comes in, and just kind of get a feel for maybe What markets actually want to do so. considering we do have data, we're not going to get extremely gung-ho on any particular setup for the time being. Okay, so alongside of that I'm going to bring over trading View and we'll kind of walk through this all right. So pretty much what I'm watching for is to see if the market sells down to basically 390 630, 396.50 in that area today.

Um, so concept being is this yellow line is the volume concentration spot of the last Bullish Buy Signal Since we're below that, a lot of people are stopping out and if the data comes in poor and Market respects the data in a bearish manner, it's very likely that we're just going to ram the market down to 396.30 as that is where the max pain level of the previous Buy Signal long Traders would be located for the time being. Okay, in the event that the data comes in positive and markets Ram up, then of course you're just probably going to be looking back to about 400 because again, that is where the longs are stopping out. So if data is decent Rams up then again, 400 would be a retest of that breakdown. So for me it's It's really just a matter of 400 396 for right now based off of volume concentration points.

If we were to look at Uh statistics statistics would say that the closest to weekly statistics level are 401 30 and 396.35 So just how we were talking about the V-wap being a, you know, 396 30. you can see that statistical probabilities are 396.30 So if we were to talk about two price points that markets would most likely run to today, um, it would probably be 4130 or 396.35 Okay, so right now the two main trends that you know pretty much we would be following are: uh, are this um for right now Is that I should be inside? All right. Oh, one second. Okay, so pretty much this red line, This red line and this red line are all of our selling all of our view apps that are basically maintaining the market down for right now.

Okay, this is the 10 smav web line that's going to be the best strongest. This is the momentum V-wap line off this V web which is just V web of V web, right? So that is our momentum downtrend V web used yesterday for shoring into that downtrend. Then this is our 50 SMA V web Which once the 50s it may be wet or once a 50 SMA broke down. We were then using this for shorting into the trend and so basically yeah, red lines are resistance.

Um, we've broken below previous long volume concentration point Max Payne For previous Longs is 396.30 which matches up with our statistics level so far. So in short, we're short. We're bearish. Uh, pretty much since this point yesterday, we've been bearish.

To start the morning here, we were long biased. Why? Because the market wasn't below the 50 and we were over the long bias view app. This red line was the Bearish View app. so we traded The Bearish View up.

Once we got here and Bears respected, we flipped bias down until until the 50s. So pretty much trade from here to the 50 and then stop being short and said okay, now it's a matter of if we break the 50 or not and if we do, then we look lower. We broke the 50. Market goes lower.

Where does it go lower to goes lower to this yellow line which again is really just the volume concentration point of previous logs. Their Max Payne is 396. So as long as the market is below the 50 SMA we're below the 10 SMA and respecting anchor V Web breakdowns: Uh, then we're just going to trade down looking for 396. and again, a lot of that is data dependent coming into like, uh, you know, a day like today.

So I think it's uh I think it's pretty straightforward. until the market gets back over the 50. SMA you're not going to see a bias flip. Um, so so yeah.

right now, 402 43 is going to be the price point that can dictate new um, bullish activity. To the upside in terms of moving averages and the moving averages are for Trend Okay, so the moving average is here that you're seeing are okay. so go to this chart. This this here.

This chart. This screen. These moving averages are a guide. That's it.

They are a guy and so how does a guide work below the 50 Bearish over the 50.? Bullish below the 50 Bearish over the 50 Bullish. So you could have a bearish move for an hour and then you flip. Bullish. Okay, and so over the 50 bullish below the 50 Bearish.

Now again, that's probably about as simple as I can make it. so. uh. I Had to get up early today.

Make the video. I Got to jam out to my rental property here. Uh, get some things taken care of. Uh, So with that being said, everyone just have a great day and I'll catch in the next one.