What's going on? guys! welcome back to the channel. Appreciate you tuning in. We'll make today's video pretty quick. So yesterday we get a boner rip in the market because Jay Powell says that they may slow the pace of interest rate hikes.

Awesome! Jay Awesome. Really cool. Still losing eight percent of my money per year, so they haven't really brought down inflation blah blah blah blah blah blah blah blah blah. Doesn't matter.

All right. So yesterday we got a buy signal on the market. so we're going to run through this really quickly. This was a Buy Signal sell signal Buy Signal sell signal Buy Signal right there true Buy Signal right there.

Okay, so from these white lines yesterday, you were no longer uh, bearish in the market. So pretty much as soon as little J-pal the boy started talking and came out online and blah blah blah Market boner rips up. You're no longer bearish because you broke over the 50 SMA which if we zoom in, is right here. Okay, that's the 50.

SMA So where this white line is? That was our Line in the Sand for yesterday's market for today's market. If it didn't go above it, blah blah blah. Pretty much as soon as we got over this 50, SMA we're no longer bearish. Okay, and that is something I mentioned in yesterday's morning video.

So this could happen. This is going to happen I'm going to get over there. you're no longer all right. And then once we got over the 50 SMA and we push higher, that drags the 10 SMA up.

It creates a bullish cross so the market is given a new Buy Signal Okay, buy signals can last for a day, two days, three days, weeks at times. Uh, there's no necessarily a parameter or rule in which you follow that dictates how long a bullish signal or bearish signal will last. That is the point of. once you see it, you trade in take profits, buy, dips, trade profits, et cetera.

Etc Okay, cool. So ultimately, um, yeah, you got a Buy Signal Yesterday, right now this morning, you're trading at Uh standard deviation levels as you normally are because computer room computerized algorithms just run markets to levels like that. So you're trading at the plus two standard deviation plus two standard error level, which is this green line which basically means obviously you're not going to see higher until the market goes over it. So today that's a Line in the Sand right at 40756.

um, levels that ideally we want to look for, but we probably won't see if the trend is super strong. Obviously, the trend was super strong yesterday, so let me go ahead. pull up trading view really quickly. Let's go over here.

So pretty much this is how the market uh is for me, right? So yesterday we got um, the announcement Market rips up So we have an Anchor View app to the bottom of that move. Um, and then yesterday as we break over the 50 SMA which is located right there, that becomes a new Anchor View app up. This red one is the upper distribution of the lowest Anchor View app. And so those are all maybe some technical terms.

So I guess all we have to say is these are your volume weighted average prices going up and as the market moves up, these are your dip by levels and ultimately if the market goes below the bottom one, then the market actually sees a bearish move. They could then maybe retest the 50. So pretty much as long as the market is over this bottom Blue Line You trade up and that's it. Side note: Next rule: Upper distribution One The red one.

This is the V web and this is an upper band right? Very similar to Bollinger Bands but we're not using Bollinger Bands This is not the same exact thing. um, but I will say when a market is really really strong the Bulls are really strong, then ideally they're going to Trend and trade off of the upper distribution line. If and when the upper distribution line Trend holding dip by phase ends and it were to break as you saw here many times, it would then trade down to the next view app. in this case would be 405 20.

So ultimately this level which is not that, it's not what I'm looking for I don't understand noise? Okay, sure. Anyways, that's just okay. We'll just highlight it. So this right here.

All that. that's your low risk dip. Buy Zone again. When markets are super strong, a lot of times they won't even test this.

They'll just keep trading off the upper distribution line. There's a tactic for that which I won't go into right now. but ultimately, that's as simple as I can make the video this yellow highlighted area. that's your low risk dip.

Buy Super Strong Market You're just going to see a trend off the upper distribution. which means it's going to look like this up and it's going to bounce and it's gonna, oh, you can't even see that restart. Let's go back to there. Click this bad boy.

we don't need that. I mean we're like that. but yeah, if it's super strong, you just see it trade up and off the upper distribution like that. and then when it breaks the upper distribution level, it would then snap and then by the time that happens, it would be testing like this, blue level, etc.

etc. So uh yeah, that's that's pretty much it. Um, just trade up, buy, dip, sell group. when the price comes back below the 50 SMA and or creates a bearish cross.

We will then be bearish again for trading purposes. Um, but until that happens or bullish. All right guys, have a good day.