So the market sold off once again in today's video. We're going to do an update on the bigger picture and what to expect tomorrow. We're also going to look at one stock that you should be keeping in your washes, along with some stocks that are reporting earnings on Thursday afternoon. All right, So let's dive right into it.

Right off the bat. We got the spy and this is the NASDAQ. Actually, we're going to use the NASDAQ for today. we're going to use it.

So we're going to switch it to the one hour and today it was just chilling inside of the channel once again. Um, right now it's not looking too great. The situation for Longs is not looking very good at all. If we look on the daily, the candles are getting slightly longer, slightly longer, like the chop is almost over.

It's the end is near I. Just think that we have one more day of selling off before we start seeing some. um, some dragonfly doji's at the bottom. All right, where could the NASDAQ sell off to? Um I think I Think it can go all the way down to 14.5 K Like somewhere over here before we see another Arabian, let's zoom out and see if that's an important level.

Um, oh, it is. Yeah, there is. There's a gap right here I Don't know if you can see that, but there is a gap right here that gotta get filled. It might get a little bit lower than that before we bounce, but that has to get taken care of.

just like the Spy If you're going forward slash yes that Gap is still there. and this one. it actually broke down below the channel so it's not looking too great. Now let's do an update on the Vix and yesterday I Told Y'all about the bullish planet that I found on the Vix.

It's still there. All right. The bullish pennant on the Vix is still there. It hasn't failed.

The uptrend is here. There's that green circle on the charts I Think it's going to get better very, very soon. So I'm not changing my thoughts on the vix at like 19 would make sense from looking at this structure alone. All right, And the market didn't even like what came out of the Fomc minutes.

I Saw something over here about, um, some people over there being uh, how do I say this being in favor of increasing rates again I See right here there is 2.5 billion of imbalance to this to the sale side. You know there's all of these things happening over here. The market didn't like it and we took a turn for the worst in the afternoon. All right.

So I don't have the highest expectations for tomorrow I think I think the sell-off will continue I think the setup will continue. Now the stock that y'all should be keeping in your washes for tomorrow we're gonna look at we're gonna look at Mara All right, and the reason why I want to share Mara with Y'all is because of this. If we change it to the four hour and we zoom in, right over here. Right in this portion, some of you may see it already.

There is a descending triangle on the chart. It's quite clean. It's right there. All right.

We got the draw, followed by the descending triangle, followed by the drop from from yesterday afternoon which carried on today, which looks like it's gonna carry on tomorrow. Obviously, you'll see my alert on here right? Which means that I do expect Mara to go all the way down towards twelve dollars tomorrow. If not tomorrow, then by Friday It really depends on how fast the overall Market sells off or how fast this specific stock sells off it made shop before falling. Um, like it may have a a day here where it opens lower at 12.85 and then there is and then there is a massive push in the morning back up to 13.5 and then we drop again to close under 13 and then we continue the sell-off from Thursday into Friday at 12.

Like this is coming all right. So that's just one or two backward that this thing can take, so be on the lookout for that. In 12 is the previous level of support from way back here from April right? So I expect this thing to get tested and these I would say these are these buyers. Yeah, these buyers right here from here should be looking to add more to their position if it can hold.

So just watch Mara for a drop all the way down here to twelve dollars. It's a simple structure and it's coming off of an uptrend, so watch it all right now. let's do an updates yesterday. I've mentioned Target I gave y'all a warning about Target that's um on the daily chart.

It was looking kind of bearish and the people who were in these zones were expecting some good news. were expecting that this thing was going to jump so that they wouldn't have to sell because their stop loss is right here at like 123.. So luckily for them there was good news and the stock actually jumped, but it didn't really hold up. So with Target with this one, there might be more chop for throughout the next few days.

Like this is not really telemarket, there's no strength here that he gapped up. it immediately filled that Gap and it's right back to where I was alright. so there's still some shorts who are trapped here. There's some shorts sellers who are trapped here and who were trapped here and hopefully like they're looking for this thing to continue.

its Trend down. This is what they're looking for so we'll see if tomorrow sell off in the overall market and accelerate. That would provide some relief for these individuals who are shorted from these levels. All right.

So that's my thoughts on Target in regards to how the stock itself affected other stocks in the retail sector like the other ones, haven't really moved much like let's look at Walmart in Walmart it has this structure right there I Don't like I Don't like when stocks do this with stocks break out here very very weekly and just shop right at right at the resistance line like I'm not interested in this I don't think this is the cleanest thing right? and I wouldn't be I wouldn't be going in Long here for a swing colder than hoping for a move all the way up to 175. it just seems a little suspect to me and I rather wait and see how earnings would be. so earnings on this one would be. It's actually tomorrow morning.

it's actually tomorrow morning. so watch. Watch this one for sure. Watch this one if the reaction is good and it opens up above 163.5 or 164..

there could be some good price action on there to the long side or to the short side. Again, we could see something like Target what we just see and all. They fader right. or it could actually show some strength.

open up above 72 above 162.78 like open up above here and then drop shell for a bit right and then hopefully the market kind of like chills out. it starts to make a reversal and then Walmart reverses with it. From this point right here back up to like 165. So watch this one as well for tomorrow.

um Lastly Lastly, HD This was the first retail stock that had earnings and this one is still trying to hold above 332. it's been shopping ever since or it's been shopping ever since like after this initial. Bull Run it's just staying in that spot and I don't think that's gonna change because the other stock that follows HD really closely is Lowe's and Lowe's has earnings next week, right? So Lowes is just gonna chill out in between 227 and 217 until earnings is there and then the contracts are going to inflate and then we'll see what happens from there. I Wouldn't gamble through earnings at all again holding through earnings 150 gambling I Don't do it because there is a 66 chance of me losing money.

So if you're gonna do it, manage your risk. All right, it's right at Support. We'll see how this one is and that is the end of the video. Again, do not forget to annihilate like button for the YouTube algorithm.

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