What's going on, guys. welcome back to the channel. Appreciate you guys tuning in. So Yesterday A bunch of that crypto craziness. Mark it down. Mark it back up. Um, tomorrow is going to be CPI Core CPI Initial job was claims, jobs, numbers, a bunch of people speaking on the economy, a bunch of Fed members speaking. So that means Thursday's probably going to see some action. Arguably, today might be kind of slower. Maybe people are just going to be waiting around for Thursday's action. So after yesterday's volatility going into today, maybe today is kind of a chill today. until tomorrow. Honestly, who really knows what kind of day it's gonna be? But Ultimately, as it stands right now looking at the chart, from what I have here, it would appear that 383.60 is still resistance and support is still 370.05 Anchor V web locations Now, this actually seems slightly off. Maybe I think I know why? Because we are a little further than five days now. There it is. Okay. Um, oh, that's right, I was playing around with them last night and I changed the colors. But anyways. Um, these are pretty much the Anchor View App locations as of right now and so actually I think this one's supposed to be Anyways, doesn't really matter. Yeah, Ultimately, these are the Anchor View App locations currently this morning. which pretty much just means the support. right now, pre-market and into the market morning open is anywhere down as far as 377. Uh, 64. this is about 370. Yeah, so anyways, yeah, here's your resistance: 3360 support right here for right now. So how would you go about trading this? You would basically just expect a range in between these two. Um, and you only have a breakout if you go above here and you only have a breakout if you go, belong here. so you shouldn't be trading with, you know, gigantic size, running it up right here and then trying to hold through it right or shorting and then trying to hold through it because we, you'd basically be trying to break the market down and you could just run into resistance or run into sellers. You're trying to break out the market down or up. So ideally I'm expecting kind of a range in between these two today. Um, and then maybe just kind of some waxed trading back and forth until tomorrow's CPI But regardless. Uh, it doesn't really matter to me if we take a look back at sort of. a longer dated chart might make it somewhat more easy to kind of see. So here's a 20 day one hour chart. Again, break here. go to there again. Kind of has some resistance here, but ultimately once you break it out, you Trend to the next one. Once you break it out, you try to go to the next and if you fail and go back under lower high, it doesn't matter you Trend down to the one below. and then we bounced it and trade all the way to the one above. So in a way markets just kind of trade inside boxes. So we've gone from the lower half down here to the upper half here. and currently the bullish trend of this last momentum shift is right here. The support of that bullish trend is this blue line. This red line. so you can't really shift the trend down much until you go below those and you can't really see much of a move higher until you get above this. So kind of just trapped in between this location whereas the other day you kind of had the shift in Trend here and you had from here to there. All right. So there's a trending possible move Now you're right here. which means you can only go to there and your support starts here. So it's like from here to there. Okay, so you're in a very tight area right now and then you have a bunch of economic data coming out tomorrow that can be used as a catalyst for programs and Algos to shift the market one way or the other. Now Does that mean it won't break out or do something better? No, not necessarily. But I Just know that we're sitting in sort of a tight range spot currently. so until we're really up and out of these two spots, don't really expect anything too spectacular and that's kind of it for the day. Last thing I will touch on. Uh, is this. this is again the system. Here's your 50. SMA Here is your 10 Oh right there 10 SMA So um when we look at it here pretty much you can see we're below the nine the Ten Simple moving average. So getting above this spot on the chart would probably cause a little bit of a pop that would take it here. Anything into this and it fails. can then swoop the markets down into here. So this is kind of your short, not kind of it is this is your 10 simple moving average and this is a short-term momentum Trend above it can POP Holding below it will drop it. So that's kind of one key spot we're looking at right now is is that price which is 380 230 over under. And and yeah, that's it. All right guys, take care, have a great day.