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What's going on guys! Good morning. Thanks again for tuning in. Today will be a quick video. I won't take up much of your time. Uh, so let's get into talking about the market. So before we jump into this current session and our previous session from yesterday, the first thing I'm going to do is just move these vertical arrows two specific spots. Okay, I'm gonna move one here I'm gonna move on like right about there because it happened pre-market I'm gonna move one here to right there and then I'll move one here to write there. Okay, so this first line was a recommendation to go Bullish. This vertical line was saying watch Markets Bearish This vertical line says watch Market's bullish and then this vertical line says watch Markets bearish Okay, so pretty much using the simple moving average system. up down. Yeah, yeah, pretty much that was a Buy Signal cell signal Buy Signal cell signal. Okay, so this Buy Signal doesn't give you the absolute low. This sell signal doesn't give you the absolute high. This sell signal does not give you the absolute high. This Buy Signal doesn't give you the absolute low. The way you go about getting highs and lows will be trading off of uh, supply and demand levels that you choose, and whichever supply and demand level turns out to be strong enough and reverse the trend will ultimately create a bearish signal Cross. That's kind of the concept there, so there's really a couple ways you go about the market. You can either kind of be supply and demand where you're kind of picking specific zones and things. You try to reverse the market based on what you perceive to be strong enough demand support or strong enough Supply resistance. Or you could do something like this. You use a little moving average system where you're not going to be necessarily first in every time, but it generally puts you on the right side or the right trend for the most part. Okay, so with that being said, yesterday at this time we got the Bearish cross signal. okay also yesterday at this time here. uh actually yeah, I mean this was the breakdown of the 50 SMA and this was the retest. So right here we'll just say was also your first cell signal. So we got a sell signal here which said don't be bullish, start to consider being bearish and then this is our Bearish cross signal which says you're absolutely bearish right now until stated otherwise and we had a market Fallout Yesterday we did not get any sort of uh, good retrace to Major V-waps for entry. So that's happened this morning pre-market So ideally if the market is not in a sideways consolidation Market which so far it kind of is, um, then this should be respected pretty well. So all I'm going to say is this is your current low risk selling Zone to continue into this bearish trend. Okay, all right so pretty much we're barrage the market. Um You Probably start the day looking for bearish Uh, setups. Bearish. Move A way to trade bearish in the zone of let's just call it 398.50 to 397 right now. So a dollar fifty zone right now is pretty much where you're looking for active selling and rejections, patterns and things that would convince you to hop in and trade the market Bearish. Um, and then from there you ultimately are going to Target back to demand. Uh, so you Basically, if you're in short, anywhere around here, your first goal is always going to be you know, fill Gap and trade back down to somewhere in this demand area. Um, and that's pretty much it in terms of what you're trying to do based off of this Bearer signal. That's what you're trying to do for an a daily intraday sort of move. You want to be bearish into these V-waps to continue this trend down and you'll Target these lows. All right. So you're bearish because of this. These are low risk entries, which we haven't gotten any yesterday. So today, pre-market we pop up into this level. So objectively going into the open, if the markets has the proper selling in this area, you'd look to take it from here, down any bit into there and take your profit along the way. Don't be in, don't don't trade like a dumbass. Okay, now things that would say that that trade is wrong is ultimately this. Um, let me I get attached one second I'll just tag one there. Nope. Okay, there's one and here. All right. So ultimately today to be bare, if you don't want to see this V web break and when you when I say break I mean you don't want to see it break with extremely strong buying and then like just hold over and start grinding off like that's not what you want to see. Okay, Secondly, the 50 SMA is currently priced here at 399.91 So pretty much what this means is this is our ultimate Line in the Sand Which means in the event, the market was over 399.91 today. So basically 400. If the market was somehow trading over 400, Um, then we would no longer be bearish. The market. Okay, so in terms of bearish trend, momentum, down trading, we're looking for shorts off of this area in terms of bias entirely Flipping to no longer being bearish at all. We would have to be over the price of 39 400. Okay, so for right now, bearish into here wouldn't be bearish over this by much. Um, and then watching the 50 estimate at 399 and yeah, I mean that's that's kind of. It's kind of it for now. All right guys, have a good day and I hope you kill it.

By Stock Chat

where the coffee is hot and so is the chat

4 thoughts on “Market is bearish till stated otherwise”
  1. Avataaar/Circle Created with python_avatars Jeffrey says:

    I donโ€™t have td Ameritrade but I have TradingView. Would you happen to have a course that covers what you just covered above? I was on your site but thereโ€™s too many links.

  2. Avataaar/Circle Created with python_avatars Tammy Tamz says:

    Many many Thanks!
    Good luck to you!

  3. Avataaar/Circle Created with python_avatars Grant Kienast says:

    Thanks! Always helps

  4. Avataaar/Circle Created with python_avatars Kenneth Moy says:

    Such a good explanation. Thank you !

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