What's going on guys. Welcome back to the channel. Good evening. Uh fomc meeting today markets have soared higher.

Uh, so I figured I would hop on and do a little market update. Um, so hopefully most of you guys watched the previous video which I'm assuming most of you guys did. Um, so with that being said, we're going to kind of just like fast forward a little bit. we won't touch too much on the pass when I was kind of Coast through some of the stuff uh, from the past couple days leading us into today.

So this line? red one? Okay, that red line was, um, pretty much the bearish trend from this breakdown move. All right. So in the short term, markets were going like this. All right and so ideally I was tracking that bearish Trend and uh, you know that was a good short there and I knew that once we got through this line.

uh, that's when that market would probably flip up. Um, so the other day, you know it's kind of bearish around here. and then as the Market's crept up here, I traded bears for a second. Um, then as soon as we popped over, I knew that the bearish trend was probably not going to continue and then we'd be looking for higher lows off if it moves this way.

Okay, so essentially this was the most recent bearish trend from here down, and the volume weighted average price of that move was the red line. Thus, anyone participating bears from here here here here here here here here here here here here here, their average Price would be that red line. Okay, so getting over that within just this period of time would have, uh, shifted any of the volume participating bearish from here down. So within this moment in time, any bearish Trading majority of that volume is located at that red line.

Thus, in this specific Moment In Time any volume that was bearish, getting over that line is most likely putting them under water. Therefore, you know, move up, squeeze them out kind of concept. All right. And so the other day, we got a new Buy Signal here.

All right. So this, uh, I'm gonna mark this on the chart right here. Okay So that vertical line represents the um, excuse me The most recent Buy Signal We got into the market. Okay, and so this yellow line is the same thing.

All right. So this yellow line here. it's the same thing as this red line except this red line was bearish and going down. and this one is yellow.

bullish and going up. So the yellow in the red serve the same purpose. They're different colors, right? One's going down, one's going up, but they serve the same exact purpose in terms of where they're being anchored. Which is the 10 SMA break up and down.

Okay, so purpose is exactly the same. Uh usage is exactly the same. Okay, so you can think about it here when the 10 SMA broke down or anchoring down. Where does the market respect Redline All right, when the 10 SMA breaks up here, right? An anchor.

Where does the marker respect the yellow line right? It's the same concept. marker. Breakdown: Respect red Market break up Respect yellow. All right kind of concept there.

These other lines you see here are from, you know, just back here. they're just they're they're different Trends or previous trends that I was also tracking. But for now, we'll just stay on with the red and yellow. All right.

So um, going into this morning all right. where was the first dip by on the day? the yellow? Same concept, right? like on this day Market broke down, it rejects the red. Okay, uh. following day Market opens up yellow right So you could be saying to yourself like look at where the pre-market low is.

We're pretty close, right? So you look at the pre-market low and a lot of times you'll get bounces and tops around pre-market low. So um, when I like to trade a pre-market low, it's going to be because the volume weighted average price that I'm tracking specifically makes the pre-market low and that's how there's one way. I kind of know, like the trades out the pre-market low you could say or some things that give me confidence. But anyways, so uh, same concept all right.

So here. remember this was the bearish move down volume weighted average price rejection down. Okay, once you clear over it, that volume is going to flip up all right and then see where this is anchored. That's the tennis.

It may break up there and so that is now the the short term. You know. Support V-wap going up. Okay and um, yeah.

so going into the next day which was or this was today. Oh yeah. so this is today, right? Yeah, so this was today. Um Anyways, yeah, so this is today.

This is, uh, the first long of the day right off here. Okay, then the next long was off here. and then you can kind of see where the market flushes and breaks down. So same kind of concept here when you see all that.

We got over the red right. the volume flipped up. Same thing here once we got below the yellow. That short-term bullish volume participating in the market from here and up is now getting taken out there, right? So this volume going up Everyone.

Bullish Bullish. Bullish. Bullish. Bullish.

Bullsh. Bulls Like stop out right? Yeah, Collect All right? Now the other thing that I want to talk about is this bounce here. You see how this bounces off this red line. No, it's not that it's going to always be that the case, right? But the way that I think about this is a psychology right? So if this was the bearish trend down and we know that when we go over it, then volume is going to flip up, That must mean that this bearish volume is getting squeezed right portion of it.

The other side is if everyone's bearish right here and the average weighted Price is Right about there. That means that's where most people's average share price for the bearish move was. Therefore, if they get squeezed out and they keep holding and holding and holding and it gets all the way back to here, they would be break even right and they'd be like oh thank gosh I can take it off. But the red line just before that is really where the average share price of that trend is now.

Not here, right? So where the squeeze first happens. average price is here. After a push-up it's calculated to there. so that's for me.

Kind of like a psychology thing where in the event you believe it, you see it that way, you can think of shorts getting squeezed here. Their average price would be all the way down here, but we stop them here just before their break. Even so, they can't fully get back to break even right kind of concept Because their volumeated average price is no longer here. It's right here, right? So kind of a concept of psychology there where it's like, you know, this red line is really a back test.

uh of that short squeeze breakout which average price is now up here and not down there. Okay, all right. so moving forward. um, a bunch of volatility, right, You know, Fomc.

So like I'm not necessarily like relying on these levels to be respected. Um, just because of volatility measures, right? So anyways, Market uh ends up breaking up. So that being said, the next thing that I did was pretty much once the market is choppy, this that the other and then started really breaking away. Uh, on the day that's when I just said to myself, all right, moves up And now what we're going to be doing is we're going to be anchoring uh, upwards like this Off this move.

Uh, this is a very important move, right? Extremely. Obviously because there's the market exploded. So obviously we're going to track the volume of this move. And so there's a couple things that happen in this moment in time.

and now what I'm going to do is I'm going to delete some of this old stuff. Just kind of clear up the chart for you guys. All right, So a couple things happen. Fomc releases Big Squeeze up.

Um, so now we're going to be tracking the volume off this move. and and so basically what ends up happening is you have a break back over the 50. So we're going to be anchoring one right about there going up. and then we got one here and we're going to be anchoring one.

Go. Oh yeah, then we had to break at the tens. The break of the ten is right about there, so we probably anchor off This camera would be. oh, that's not it.

control Z that bad boy and then here. All right. So for me, this is now going to be you know, ideally the new trend I want to buy into first opportunity I get which I missed unfortunately. but there it is.

You know you actually don't get a perfect tag, but you really get to it and that's the other thing. There's a lot of momentum here, so it doesn't really surprise me that it didn't fully hold it um, but or fully touch it there. But ideally that would be your first next low risk dip. buy uh for that move.

Um, and you know here we are, you know up a little bit and so ideally this is now our fomc. Um, you know, support level dip by level. Granted, since we respected it here, um, the market may very well just respect this. Let me do that one and I'm gonna do one right here.

All right. So like yeah, that one's getting respect already. So you can see once the market respected the V webs here and then split demand, push up. you can see where the Market's now being supported for that move.

So again with if the market has a lot of momentum and just kind of continues throughout, um we may not get this. uh this this dip here to retest for the time being so we'll see what ends up happening. Um, with that? All right. Next things next, we're going to remove this chart and we're going to come over here and I know this all looks kind of kind of crazy so let me just grab it.

Well hold up. Is there another chart behind this? This one? That's another one. We want that anymore. it's there.

Okay, so there's a lot of Fibs on here. I'm just going to remove all these for you guys for now. All right. So pretty much, uh, in a nutshell, if we're just looking at, um, statistics, um this would be you know, one of my charts.

Okay So you know the best way I can explain this is. uh, you know these are just high probability areas we expect markets to move to. Um, now if you guys remember from, you know just the other day we were talking about this. Uh, you will see that.

You know once a statistics level breaks out. you know a lot of times it likes to to retest. So like for example, we got a breakdown here and this was a retest and they've moved a little bit since then. but at the time that was a retest, right? and you can see we re-broke back over here and we never really retested other than like a one minute candle like a five minute candle layer and just kind of ran off.

and then you'll see today. that was pretty much the retest of that breakout. All right. Um, and then from here you will see that we broke over this guy.

All right. So the best way I can explain is markets move to and from statistical probabilities. Okay, and so I'm going to increase this time frame to like oh, we're on a 15-day Oh, I didn't even see the scroll bar there. My stream decks in the middle in the way actually.

But I'm gonna change this like a 10 minute so we can see more of the days on this chart. and uh, one second, let's try 10 minutes. Okay, that does. its Justice All right.

So you can kind of. You can kind of get the concept here and that is. let me delete some of this old stuff. you know I'll just kind of run through a couple of these like right next to like going up, break out, run to next deviation up, pull back retest, move up, break out deviation doesn't run to the next one there's there's I mean I can if I want to I can find a statistics level that it hit.

they always hit a statistics level. Um, it could very well be on the NASDAQ right and so pull back, re-test Go all right, then come back down, blah blah blah blah. try to hold and then don't break down, blah blah blah. go up, break out.

no retest retest break out with a lot of volatility for fomc. run directly to the next one up. So if you look at my Twitter Channel Twitter channel uh Twitter uh account my Twitter feed throughout this day and whatnot. Pretty much once Fomc kind of happened and we broke over 407 19 which is this deviation.

Then to me, that opens up the door for the next ones, right? That's the concept as markets move to and from statistical probabilities. So that being said, if Market breaks out this, it opens the door for this. If the market breaks out this, it opens the door for this. though it didn't go there that time, right? Whatever.

Market breaks here. It opens the door for here. Market breaks here. It opens the door for here Market breaks here.

It opens the door for here Market breaks here. It opens the door for here, right? And so to hit home on that, we're going to go back a little further and redo that. Okay, Market breaks here, opens door for Here If It reversed and broke here. It opens door for here Market breaks here.

It opens door for here. If Market breaks down here, it opens door for here. This is a retest. There was like a short term one there, right? That's a bigger retest.

Like a correction retest. All right. Market breaks here. It opens door for there.

Marker breaks here. opens here. Marker breaks here. opens here.

Price Action Support Snap Head and Shoulders down All right. Market Breaks here. opens here. Marker Breaks Here opens here.

Okay I'm having fun. So as you can tell, um and Market breaks over here, it opens door for here. Okay Market breaks opens over there. We pull back and basically retest they're not quite Market breaks here.

What to do? Open door for here. Okay, so um, that's that's you know that's that's kind of part of it, you know? So the whole concept of that was um one I The if you look at my Twitter feed today after the FMC I said you know um 4 12, 4 13s to 416s coming soon and that the concept was is Market Broke Here it opens door for here and here and here because it's Fomc. So um, you know however much they want to jam this thing. Uh, it's fine by me, but I can tell you right now.

if we jam up to 417 tomorrow, that's a big level. Right running into 417 will be very similar to doing like, like, probably this right into like that. Could you again look at this is like a bigger line. See how it's thick, not skinny.

All right. Look at this is a bigger line. thick right? The thick ones are very important to watch around. so that thick that thick bowl out there at 417 be mindful of.

Okay, um now what I'll do is I'll just kind of walk you guys to some Fibonacci stuff and I'm sorry that the video is taking this long, but as you can see I enjoy doing this. So um now I'll walk you guys through some Fibonacci stuff and there's a bunch of different ways to do Fibonacci And you know. Bottom line is if you put Fibonacci lines on your chart then at some point the levels are going to hit it. You know that's saying from my partner Brandon it's not if it'll hit, it's when they hit or when they respect them.

So uh, it's bound to happen. But you know I'll walk you guys through. uh some things that I do and you know you'll get to hang. So I'm gonna go to a 10 day 30 minute chart.

you know? So this is something I do as I track the 10 day 30 minute chart open high, low, close, uh time frame. Um and what I'll do is you know I'll basically track the crosses a lot of the times. so this is something I found. It's pretty interesting.

um I could see it not working for everyone and you know again, there's a million different ways to skin a cat but you know something that I like to look for are these crosses and basically what I do is you know it's pretty much this right and you can play around with it and get the levels slightly more accurate but just like as a as a a rule of thumb right if I Bare Bones a bit I can just go from see how there's a the cross here 10 below the 50. I just can pull a fit from here. back to sorry, not back to uh, back to um, the 10 break. So like basically going for a moving average break to moving average break right? So moving average break.

So let me repeat that. I'm talking like an idiot. Um, it's been a long day. So again, we break the 10.

That's an impulse snapdown. 10 crosses 50. That's a bearish sell signal all right. And and you can think of all this as like short-term trading activity.

and that's why I would rather you think of a short-term trading when using this kind of function that I'm showing you all right? So since we got a sell signal right, if there's going to be continuation for the sell signal, one of the first targets I would look for be the 161 Fibonacci level, which I will get by using the Fibonacci tool and starting from the break over the 10. SMA no matter how small or how big. back to the previous uh 10 SMA break right? So this move starts its momentum from snapping to 10. Then you get a sell signal.

This is the first break back over the 10. Therefore, that's kind of the first corrective move in this downswing. Um, while still being bearish because the momentum won't shift fully unless the market gets acceptance over the 50.. So the concept is is once the price is below the 50, it's bearish.

Once the 10 goes below the 50, that's a sell signal. The first pop over the 10 is a corrective pop and that could reverse the trend entirely. But we know that the trend doesn't fully kick start back to bullish until you get acceptance over the 50. And I'll show you so anyways, you could just start from the 10 to 10 SMA break the 10 SMA break and you can see that's the 161.

Target that would basically be my my like Target I'd be like okay, we just hit my Target and I'll close that right? So then the next thing would be all right. So we do that. we hit Target it squeezes all the way back here. this Fibonacci fails when the 38.2 breaks.

So then when the 38.2 breaks I would basically and I wouldn't even wait for it to break I'd already have it set up so I would do this I would be setting up a Fib from the 38.2 Um, um, sorry, Right right? Yeah, sorry I can do. There's two ways to do this and I always play around with them. But to make it as simple, I'll just tell you this is go from the 38.2 to the previous low that was set in. All right, it's like that and I'll highlight this one way.

All right. And now I'm going to delete this because I don't really need to know. All right. And so I know that we had a bearish cross.

We FIB down all right and the trend is reversing when it breaks the 50. So we break the 50, we hold over the 50 and we start to break up. And if I'm looking at that old FIB which was here to here, okay, if I'm looking at the old FIB, we know that the old Fibonacci is done for when the 38.2 breaks in most cases. So I am doing an inverse relationship Fibonacci Okay So we've gone into an uptrend when the 50 breaks up.

Okay, and we know that any volume trapped in this market from the previous Fibonacci setup can be squeezed up to 161.. Okay, so here is a bearish trend. The colorful Fibonacci going down is for the bearish trend. the white Fibonacci is the inverse relationship to the previous Fibonacci.

So when this Fibonacci breaks out in the opposite direction because it fails at 38.2 there is a highly probable chance we will squeeze them to 161. Okay, and then the process can restart. So now we have a bullish move, right? So we broke up. This is the first break after the uptrend.

So I'm going to pull from the 10 break to the 10 break which is right about there. Okay, so now this new colorful Fibonacci is the Fibonacci of this uptrend move. Okay, this would be the support The first Target would be the one. Six one.

All right. This is the kind of a concept, right? And it doesn't always work. perfect. Nothing ever does.

And so that's why I like using the inverse relationship with it because I know that in the event, right in the event, the 38.2 level break. So this Fibonacci we're going to get the inverse relationship so the long move goes up doesn't quite reach Target you can make money on that. We know that if the 38.2 breaks, it's very likely that the opposite is going to happen. So now we do a 38.2 to the previous.

High Okay, first, Target would be one six one. This one even goes to the second target which is basically two six one. All right, let's delete that one all right. Now we know that if this 38.2 level breaks, well, realistically, we got another one here.

So right, the reason I'm showing you all this is because um, so we go from here. it's right there. I don't want that one's really funky. But the reason I'm showing you this is because uh, yesterday I think it was.

we had that nice like crazy move and so I wanted to kind of show you a tactic that I used for this. All right. So if you look at my uh Twitter feed yesterday I said that the market could likely Gap up to 406 or 407 to start today, but it ended up just happening right before the end of the day and into after hours. So it pretty much happened.

just not kind of as I was thinking it might happen overnight or take that long to happen. it happened quicker than I thought. All right. So using that same logic that I just uh, just taught you right.

So watch. watch this. So using that same logic, right? So we have a bearish cross here, All right. So we're going to pull from here to here and we know when the 38.2 breaks, there's a good chance that the opposite is going to happen all right.

So if we go from 38.2 to the previous low and this is again another one of those like you can go to the previous low I was looking kind of at like the most opportune demand spot which is like kind of right about here right right about that split. It's kind of wanting up tracking yesterday. you will see what happens. We go to 161 right? So think about like this if this is a bearer sell signal and the Market's going to continue, well it's got to stay below the 50 and it's got to stay below.

You know this, the the 61 and the 38.2 So again, this is, um, this is sort of like a short entry area for tracking this kind of impulse move. All right. and if it you know, gets past 38.2 the inverse relationship is just pretty much the opposite. The failure point to the demand and then that would kind of be this move up to there.

All right. And there's a bunch of different ways to track Fibonacci that's just one one tactic that I look at sometimes. So um, yeah, you know that's that's kind of kind of it for the most part. So going into tomorrow I mean you know we're probably going to be watching the markets up.

um, tracking vaps. Uh so I'll post something tomorrow and or will I I might not be able to tomorrow I Do wait. yeah, I'll see. I'll see.

But anyways, you guys have a good night.