What's going on guys. Welcome back to the channel. Appreciate you guys tuning in. Today's gonna be a busy day. It's Wednesday um and you have ADP employment report um real GDP .gov Michelle Brown talking PMI for Chicago I mean just pending home sales blah blah beige Book this guy that guy. Tons of different economic data coming out today so it could be uh, an interesting day to say the least. So looking at the market, um back on was that Monday We got a bearish signal in the market. So pretty much the way that this is working is this was and the last time I did this I went from here. so we'll do this, that was a bullish cross. So from this morning pre-mark you'd be a long bias. this was a bearish cross. so from that day you'd be bearish. ongoing until this day Here when you get the bullish cross you would be then bullish and then on I believe it was Monday we got a bearish cross right here so you'd be bearish. Okay so since uh Monday from this point we got the true sell signal in the market. so from this line we would definitely not be long anymore. All right, and you'd watch the market bearish. So this is the bearish move. After the bearish signal, then this pop and this pop are ultimately moves back to uh the 50 SMA anchor V web which right now is green. but if I want to I could just change this red because that's normally the color of my 50 SMA So this is the 50 SMA retest and then these two levels are above it are my 10 SMA break V web levels. All of this is objective with slight subjectivity, but most of its objective so that's 100 repeatable and also programmable. Okay, so um, this red line. It's pretty much objective, objective objective. At times it can be slightly subjective, but for the most part all objective rules. So with that being said, this was your bearish cross. And then these are the retests of the volume weighted average price of that bearish move. So that is why we shorted very well off this and shorted very well off of this. Okay, so going into today, we are back to the Anchor V-wap resistance. So ultimately we are bearish. Um, in terms of momentumous moves downward until we break over 397.. So for right now you are bearish off of these V Whaps? Okay, when we flip long bias, it will be because one of two things. Well, really three things. But first being, if we break over the anchor B webs. if we break over the anchor V webs and Trend up, then obviously we broke over the anchor view, we have someone up. But ultimately, um, if you were to break over this top view app at 397. it would most likely cause a short pop. Cover short. Okay, which then could lead you up higher to the 50. SMA Uh, making this too complicated, pretty much you're just bearish below these lines. The only time you're going to flip long biases when we break the 50 SMA or we get a bullish cross. Other than that, just trade down and be bearish off the V webs. Okay, if the V webs break then that runs into a scenario where there's a short cover Pop That Could lead to the fifth. It then could lead to a break of the 50, then we're no longer. But so bottom line is short off these View apps until it doesn't work. Okay, and that that's pretty much, uh, pretty much it. Okay I don't have my thinkorswim chart open, but if I did, I could talk about probabilities. but for the most part, you're just bearish because you got a bearish signal on Monday. We're not going to be bullish until we get a new Buy Signal and you're just going to trade bearish off the V webs until it really doesn't work. And when you trade bearish off the V webs, the best thing you can do is just trade bearish down and look to close or Target previous Supply level or sorry, previous demand levels from previous day. So like in this instance, right if the 50 SMA Traders hold this down and we we go down, we basically just look to fill the gap down to this area. Somewhere down here for now could go lower. but if you short here, that's a good cover and then so on so forth. If you break this level then you expect this one. If you break this level, you expect this one. So the way that the V webs work is pretty much its volume. So once Vault One V web is taken out, you just Target the next one and then the next one and then the next one. So you know if this were to break, you know your risk is that. and if this were to break, you know your risk is that. So it's pretty straightforward in that regard. So other than that, you're just bearish. Um, you're on Resistance right now. Might as well just look to be trading down and ultimately 397 is still a location I'd be looking to sell into and then you just continue to Target back to uh back to Lowe's okay. So uh so yeah. With that being said, that's pretty much pretty much it for today. Alright guys, take care.