Good morning everybody! welcome back to the channel! sorry I haven't posted in quite some time, but I Figured I would hop on this morning make a video for everyone. Kind of talking about where the Market's been at past couple weeks, which for the most part is just just up. So um, what we're going to be looking at here again is the 30 minute chart. open high, low, close time frame and looking at simple moving averages and it really just is that.

It's pretty simple. It's pretty straightforward. Um, so let's uh, let's jump into it. So we're going to do is we're going to focus in from pretty much this portion of the screen and on.

and that's really all we have to look at. All right. So this here is a red line. That's the 50.

SMA Once the market is over that you're long bias. So um, it looks like this was a Tuesday. So pretty much Tuesday Market opens up. it's trading around the 50.

SMA A little over a little under eventually gets over, closes above, closes above closing above, right? So ideally you shouldn't be bearish here because there's no need to because the market is not below the 50. So if anything, you're supposed to be long bias. All right. And then the rules say you stay long bias until the 50 SMA is broken.

Okay, so on this day you'd get long up takes and profit holds some Runners and essentially you're in Long the entire time because the market has yet to come below the 50. So over the course of well, that was Tuesdays and one, two, three, four, five, oh five, five, or six trading days or whatnot, we have no sell signal. so there has been no reason to be short bias for a big sell-off because it's just it's just not there, right? We haven't gone below the 50. the only short bias moves you could be doing are generally scalps to shorts on little pullbacks so you can see.

Here we pull back to the 10, back up, pull back to the 10, little below, Back up, pull back to 10. Etc So until we actually get below the 50 SMA there's not going to be a bigger corrective selling, double leg down move, or any sort of selling move that really makes sense. Too Short Unless you essentially get lucky and pick the top where it then goes into a correction, right? So ideally, um, instead of picking a top, we just kind of wait for it to start going below that. and then we'll have ourselves something like this.

Right where you get above it, it goes long, Get below it, and it drops off, right? So no reason to really be. Um Too Short Biased for the time being, because again, we just don't really have a sell signal. Okay So ideally we're going to be watching the markets. Um, you know.

overall, still long bias until we get below that. Now, granted, we are getting a little high up there, we've had to move for some time. blah blah blah blah. so you could build the idea that the moves extended.

It's coming into some other resistance. It's coming into probability, statistical levels. Fibonaccis I mean you could throw whatever you want on the chart. um to help you identify a resistance.

but for that for the for the matter is fact of the matter is. uh, until the market decides to find that resistance, roll over and break the 50. SMA you won't get any follow-through for the most part. To the downside, So support on the market right now is the 50.

SMA So until this breaks, that's the support. So right now markets in an uptrend markets are up all right now. Um I'm gonna pull up Trading View real quick because we haven't looked at Trading View in some time. Uh, together now? Uh, we're gonna go back a little bit, but pretty much what we're looking at is going to be this weekly.

Um, so we're going to be looking at the weekly spy chart here in the all-time High Bearish Anchor B web and obviously I haven't posted in a while, but you guys will remember. For those of you that have followed some time you guys will remember. We talked about the Bearish all-time High Anchor View app on the market for a long, long time for as long as we're in the Bear Market right? and pretty much what we had mentioned was sorry I'm cleaning this up Is that as long as the market is below the all-time high Bearish view app which again, is that yellow line. Okay, then the market is bearish.

Once you're over it, the market is bullish. We essentially exit the Bear market and go into a bull market right? So essentially, we had a couple weeks here where we were fighting. It couldn't get above it, then dropped off it, then held, then broke above it. and then once you started closing above it, that's pretty much where the bull market kicks off and you're no longer Bears the market.

Or there's no reason to be bearish the market until you get to the upper distribution band which is right here and then we can get a pullback which we got to pull back and a lot of times this will be a bigger pullback, but this time it really wasn't We only had like one big kind of down move there and got sucked back up and now we're just running. So essentially, um, in terms of bigger picture stuff, there is, uh, the market Scissors is going to keep riding up. Right now. there shouldn't be any sort of big sell-off coming until the market actually gets below that upper band.

So however, that happens when it happens. Don't really know. but what we do know is markets were bearishing down until they got above the all-time high Bearish anchor V web which was right here. Then the markets are bullish from here to the purple line.

Then there can be a pullback and we got that. Now they were over the purple. It's just continuous Bull Run Rib Um, unless we get below that that a lot of times it will just pretty much ride this purple line up. And so anyways, um, it's just bullish.

Still Still Stated otherwise or is there's really no need to be bearish. So again, long-term chart is bullish. All right. Your short term 30 minute chart.

Bullish. Okay, and then from there what we'll do is we'll follow a lot of stuff on the intraday. So for example, we'll kind of go through a little bit of yesterday's Trading Day kind of show you. uh, you know, some things we look at.

So again, the same stuff you see me look at on the uh 30 minute time frame. being over the 50 SMA is bullish is the same thing that we would do on the one minute five minute time and et cetera et cetera et cetera. it works all the same across all time frames. So for example, all right, the upper left is usually a one minute.

It's not right now, but this is a one minute chart. Okay, and then the chart on the right upper right is a five minute. Then this is a 10 minute down here. All right.

and this is a 30 minute to the right. So I'm gonna one second let me do this I'm gonna bring it over a little bit. I'm gonna zoom in a little bit here and we're gonna zoom in on the five minute and the one minute yeah, start of the day there. That's good.

All right. So remember just a little bit ago when we were talking about the 50 SMA we pretty much said like right here I had to zoom out to get there. But you can see we got over the 50s, maybe the red line and it's bullish. Not bearish till you get below it, right? So take that same logic.

we apply it across the one minute, the five minute, the 10 minute, 30 minute yada yada, yada, dailies, weeklies et cetera et cetera et cetera. All right. So based on all of that, you will pretty much see that going into yesterday's open. So going into the Open yesterday, the one minute chart broke down the 50 previous day.

so the one minute was down trending going into yesterday's open. Okay, the five minute at the close of the previous previous day was on support. Okay, Market opens breaks the 50. So the 50 is sort of in a little bit of a downtrend.

You Could argue. All right. go over to the 10 minute. The 10 minute is still above the 50..

So the 10 minute is still up. So essentially of the one minute down, five minute, down, 10 minute, up in 30 minutes, still up. Okay, so we know that bigger picture were up 10 minute which is bigger than the five minute right? still up. We know that the five minute and the one minute are currently down All right.

So that being said, when all of the time frames are in an uptrend right then that's kind of a go. So when we think about it, it would be 30 minute up 10 minute on support. Five Minute isn't a downtrend, but needs a reclaim support which is a 50 SMA which is right there. Okay, and the one minute has a downtrend until it gets over right there.

All right. So you'll pretty much see when does yesterday's rally really kind of kick off into some steam? It's when the one minute exits its downtrend because then the one minute isn't enough. Five minute isn't enough. 30 minutes is obviously up and 10 minutes up.

So all time frames that are really, really important to watch those other time frames you can watch other moving averages we can watch, but essentially everything from a one minute all the way up to 30 minute daily weekly is all up trending at this point right there in the chart. All right. I Know if we go down to like, you know, something smaller than one minute, then maybe there's a downtrend. But you know the smaller time for you go, you know the less reliable it's going to be coming so on so forth.

But pretty much yesterday at about I'm gonna call it like 9.50 the one minute, five minute, ten minute, 30 minute daily weekly or all up trending. Okay, so there's there's no no Trend To the downside, based on moving averages and things like that, that would be hindering and or preventing the directional move up from happening, there isn't until you run into some random resistance, it eventually stops the market. but from a moving average directional Trend perspective, it was up. Okay, now um, there's more we could go into about this, but there's really no need.

All right. So next thing I'm going to do is just kind of walk us back. you know, kind of to the day before and kind of show you what that looked like. Uh, just so you can kind of get get the point.

All right. So I'm going to show you this kind of formation across all time frames. so we're going to go back to the last Buy Signal on this 30 minute scale. Okay, so I just want to kind of hit home on the fractal nature of markets here, and how the same formations and kind of same pattern and or um, thing happens across all time frames, right? So what we're going to do is, we're going to be looking at the reclaim of the 50 SMA amongst one minutes, five minutes, and 30 minutes so you can see that it it's all basically the same exact thing.

all right. So this was, uh, the last Buy Signal in the market, right? So you're below the 50. so you're down trading below, and then there's your cross over the 50 and go. So if we were to look at this sort of like a W pattern, right, it would be like, right? And that's really not even a not even a good W It really should be more like that.

But anyways. Um, they're not always going to be exactly the same. but you get it all right. So down below the 50, down below the 50.

testing 50, closing over 50, curling over 50 and boom up right? So that's on a 30 minute scale so you can obviously see that. takes a course of like a day and a half to go up and over, right? So it breaks over, takes about a day and a half, and then rips up all right. Now let's look at a one minute chart. So this was just two days ago.

One minute chart. All right. So one minute chart towards the end of the trading day market closes, New day starts here, and there's your 50 SMA break over and up. Okay, so if we really look at that, that would be something like this gets over the 50.

Curls goes. That's a one minute. Here's your 30 minute under under over Curls goes Okay, here's your excuse me, your five minute below the 50. so downtrend downtrend gets over here.

pulls back, Curls goes okay. and then your 10 minute 10 minute starts downtrend, 10 minute testing. 50 10 minute over 50 curl go all right. So if we really look at that from the one minute to the five minute, the 30 minute ready one minute is below the 50.

One minute is downturning. Testing the 50 down trending tries to get over doesn't quite gets a little faky down. Explosive. Move over, well over.

pulling back to the 50 to retest the breakout holds. That's true. All right. Five minute below the 50.

retest 50 downtrend downtrend retest. 50 pulls back, gets over the 50. hold support Girl Scouts Legit. All right.

Not a downtrend on the tenement, not a downtrend on a 10 minute and it breaks to 50 holds Below on a retest downtrend up Retesting: the 50 breaks over. break out of the 50, pull back, go and then your 30 minute break below the 50 pre-market after hours rally back over a couple days, can't get over, tries to falls back and then goes back and then up and over. Curls gusts right so you can see the same formation across all those time frames. So something that you know, ideally we pay attention to on the day is, you know, watching the market across all of the main time frames.

So for example, let's say oh you know I think I Think we want to get long, right? So it's like, all right, you're looking at getting long. You're looking at getting long. All right. So the first thing we're going to do is go.

Okay, well, is the market above or below the 50? SMA It's below the 50 SMA So if we're going to be long, we know that it's just counter Trend long, right? So maybe don't be long. All right, Is the market over the 50? No. So we know that it's just counter Trend long at least on the one minute scale, right? So that'd be counter trend line. Is it over the 50? Yeah.

Okay, so maybe we try to get long and our Stop's going to be below the 50. So we get long and then it takes out the 50. So then we're out right? and then we avoid that massive drop. Then it goes back to the 50 and we're like, ah, last one sucked now and then next day it opens up.

one minute breaks over the 50 SMA Big explosive move. Now we're like, yeah, that kind of looks like a breakout. All right. Well, all right, gotta stay over the one minute 50 for the one minute to remain an uptrend, one minute 50 retest.

Market remains in an uptrend and now would be a better time to get along. Or here would be a better time to get along. minimum because you're no longer downtrending at least on the one minute right. And then when we go And look at the five minute we go.

Oh, the five minute isn't quite in an uptrend, but for this one minute entry to work, well, then we need the five minute uptrend to start. Oh, five minute breaks of 50? Perfect. Now the five minutes up trending. So now one minute's up turning, five minutes up turning.

and then we go look at the time and go. Oh, and the 10 minute we got to get it over this level. Once the 10 minute gets over that level. Oh, one minute uptrend, five minute uptrend, 10 minute uptrend, 30 minute option.

Nothing is preventing me. There's no downtrend. it's all uptrend all right. but the shortest, you know, and that's the thing too is right is like you could have got long on this one minute and then it pops up and it gets stuffed at the five minute rolls back over could have happened right? Not saying it could not have happened, but the concept is is if you were going to be getting long right then you would want to see that there is at least an uptrend on your smallest of time frames in terms of an A really pinpoint entry, right? So you'd want to see an uptrend on at least the one minute right.

And the one minute uptrend is right there. All right. But for the one minute entry to work, you need larger time frames to take over, right? So your one minute time frame entry can get you in really early. But the early entry doesn't mean unless the trade really plays out, which you need your longer time frames to play out.

So after the one minute entry, we need to see the 10 minute go back into an uptrend. the five minute go back into the uptrend. So we'll say that we wanted to get law in the market back here. We're like, ah, it's a little overbought, blah blah blah.

we don't And then we watch it. and then also in the one minutes in a downtrend, and then, oh crap, the five minutes in a downtrend. And then, oh, it's the 10 minutes in a downtrend because we're below the 50, right? You see that we kind of roll over the 50, hold bounce, and then break. So there's your 10 minute downtrend.

All right. Here's your 50 bounce. on the five minute. there's your downtrend start.

So until you get over that 50 again, it's not uptrending, right? So we're sitting there, waiting, wait, wait wait, And all of a sudden we go. Oh, the one minute starting. So we're like, all right. We'll nibble a little long, but for it to really work, the five minute has to go up and 10 minute has to go up.

And so what means that has to happen? We gotta get over the 50. got to go over the 50. once you do, what's there to stop you All right? So that's fractal analysis across multiple time frames, right? And so the way to wrap your head around the easiest is, you know a lot of it's going to be that 50 SMA too. And just and just know that what you're seeing on a one minute, five minute, ten minute, 30 minute, it's all the exact same.

Just takes a little longer for it to occur as you go into the higher time frames, right? So what you're going to see on a one minute uptrend downtrend can happen all the time, right? or more frequently than it will on a one out of five, right? So anyways, for that matter, I Hope you guys enjoyed the video. take care and I'll see the next one.