What's going on? guys, welcome back to the channel. Appreciate you guys tuning in. So yesterday, uh, the market gave the new sell signal Okay So yesterday, about 11 o'clock or so, you shouldn't have been long biased the market anymore. All right.

So let's go ahead and take a peek at it. So um, this was our last. This is a Buy Signal from the Spy There this is when you can get long because when it breaks over the 50 SMA this is a sell signal on the Spy and this is when you could have gotten into a bearish Play Because when we broke the 50. if you would like anyways.

So bottom line: To make it simple, yesterday we got a bearish cross. All right, we broke the 50 SMA So the moment we wrote the 50, you shouldn't be long bias anymore. You'd either be in cash closing Longs or entering short. And once you get the cross, that's just kind of solidification or it solidifies that you, you shouldn't be.

You would definitely just be not long. Okay, so your bearish, you're not bullish. Then on top of that with the new bearish cross that's happened yesterday, these are our anchor View apps to um, be our low risk levels to sell into for the trend down. So ultimately, this is the 10 SMA break.

this is the 50s it may break. so these two lines are going to be pretty much the bearish selling zone for us for this trend down. Um so yeah, pretty much right now as prices move into these levels, you would look for selling or sell signals and then enter into the direction of the trend. So um, so yeah, that's pretty much it.

You're just bearish. Uh, the lowest risk entry that I would be looking for be up to this one here about 401.24 So if any point looks like the Market's gonna bounce and go to that price, that would be a good spot to look to be bearish. Um, it usually works so that's all we got for now. just watch the markets bearish.

401 20s and that area be a low risk entry. doesn't mean it's going to happen because the market can, as it's already doing, respect the 50 SMA V web which is pretty much right around here. you can see we're up. break it down and so yeah, ultimately 50 SMA V web 10 smav web.

those are going to be our lower short entries. Uh, on this day. So again, if Market spy pops up 401 um, 20s for 150s into that area for the most part, just probably going to be watching bearish now. Um yeah, that that's pretty much it.

And uh, if you were to be bearish at around 401 50s 40120 is then right now you would just look for a Max move down to about the pre-market low for the day or back towards uh, yesterday's low of day balance which is 398.50 So ultimately, if Market goes here then it goes down. You don't look for much more than 399 to Uh, 398 for now. All right guys, have a great day.