What's going on guys welcome back to the channel, this is the fourth time trying to make this video, so please go ahead and give it a like. I don't want to sound cocky or anything like that and i'm trying to make it without sounding confusing. So what we're going to do is look at these price targets and the analysis that i put forth on the market today and try to help you guys best understand what i was thinking why i was thinking it why the market moved the way it moved and I'm not always correct, but today is a day where the analysis was almost flawless to a degree as long as you can kind of interpret it correctly right. So i want to walk you guys through that um and then you know, i think, the more that you watch these videos.

You guys will be able to do it too. Uh no problem right so so, first things, first spy all right. Our first target for the day now remember when we say targets our targets when we say targets they're just probability levels, they are levels. We expect the markets will see throughout the day or prices the markets can see, and every target is a resistance and a support.

Okay. So when you are going up on the spy into a target right, it's a long target and it's a resistance, because if you're long buying into you're gon na sell at to take profit. Okay, and if it's a down target like here on the qqq's. If it's going down into your target, you are bearish shorting into the target and when it gets there, you are covering so each bearish target is then a long bounce level and each bullish long target can be a reversal short level.

That will become more clear in a second all right, so what i want you to really focus on is just first target up for the spy is 466.55. In my opinion, the first target, which i'm talking about 466 55, is an over under trigger mark once spy picks direction off over under trigger qqq leads away. So what i'm saying is your 466 55 is a trigger level which, over it, we can be bullish for the day under it. We're bearish and we only consider extremely bullish if we can get up and over for the day, and we continue to be bearish pretty much if we're remaining below all right and if we're remaining below our first down target would be 457 but look below once the Spy picks the direction off the trigger use.

The qqq when qqq leads the way as and follow the cues for prices down and i'll, explain why the first down target for the qs is 385.49. Remember that each down target is your selling target down. You cover your short into and only do you target the second level down if the first target breaks. So if you short down to the first target - and you start to cover and there's just extreme selling pressure and nobody's covering then or nobody's buying the bounce, then you can maybe slide through that and go to your second and then, when you get to there.

Look to cover and if there's a bunch of buying you're, probably into a potential reversal or bottom okay. So let's go look at the market now all right! So, first, let's talk about the over under level on the spy and where that's at so the over under trigger for me now these, when we're talking about my levels and the things that i'm looking at again, these are generally longer term levels. Longer term levels are going to help you understand, trend for the day potentially or what the bigger picture is on the day. All right, so let me explain: our over under level was 466 like 50.

This morning, we'll just say: 55, that's exactly what it was! Okay, so that's right there do you notice anything ironic like why that candles. Wick is perfectly there why this ghost candle, if you were trading today, you'll, remember this. The the spy did a ghost wick all the way to where 466.55 okay and then you had this random wick, go all the way to 460, 650, basically and and above all, the way up to 467.. So the predetermined remember: this is a predetermined level, so the level that we had already mapped off for the day yesterday it was 466 55..

This morning we break through it. We go back to it and that's basically a retest of that breakdown. Okay, so we are breaking down down. Trending market can only be up trending back through that trigger level.

If not, then we are down trending okay, so that is why we had said the first up target for the spy is 466.50, because if we look upwards and the market is going to touch the probability level remember, these are probably going to happen if we're actually Going to touch the probability level on the upside, it would be 466 50. first target up trigger level over under dictates direction after it follows, or whatever picks direction use the qqq. So we will just say that this market rejects here and we can't get over for the day. Okay, so we can't go over, maybe we're staying in the downtrend all right.

So now we look to the qqq and say to ourselves: where is the qqq gon na? Go all right, so let's go to qqq god damn it. Would you just work already, so you will notice that um well i'll, show you real quick. So here's qqq the four hour time frame, all right. So for those of you that are wondering why the market went where it went today and why it did all the things it did.

You see that trend right there, that's a four hour trend. We don't currently have it on the chart, but i'm adding it. Okay - and this will all become very clear - i hope you're still following along you're like oh, so many trend lines, not it's really not that confusing once you do it every day, it's just like anything riding a bike playing a video game kind of all. Right so remember how we said when the spy picks its direction over under trigger use, the qqq or the qqq leads the way.

Okay, so market spy stays below trigger we're, not up trending unless over mark it down. But when you look at the spy, you have no downside statistical levels. Until remember like that remember i was saying it was like four. When i say it was on twitter hold on, i might have actually said typed that wrong.

What did i say earlier 457.07? So i said: okay, nothing until 457.07, look where these lines are at right now, they're at 456, 90, 456, 80.. So right, the spy has no downside mark until here. That is why i said once by picks direction over under trigger qqq leads the way qqq first target 38549. Okay, remember that dotted line.

We added the chart there. It is 385 37. Now earlier is 385.49. So the way it looks, spy over under trigger below downtrend picks direction.

Qqq leads the way so market rejects here. Sorry market rejects here. Qqq leads the way to first down target okay, so that's a breakdown of a statistical level. Look at where it's breaking up over the statistical level.

So, if you think about uptrend downtrend, we are down trending. Remember the qs in the spy could not get over the statistical level, so downtrend cues are going to lead the way to its statistical level. 349, blah blah blah look at it breaks through like it's going to go to the next one and then, if you just do simple uptrend downtrend, you will see that it does eventually reverse into an uptrend, and at that point you would stop trying to target to The next level down, as would most of the entire market, that's trying to target it down. So once you get your first higher low, which is right there and you get your previous swing high break, which would be right there, a bigger, more noticeable one for the average person would be there and obviously like in here then you're starting to uptrend.

You will then see what happens you break over the statistical level right there. This is the common by the pullback on support that you read in the books all the time right there by the pullback on the breakout and take your lawn. This is the same concept here short the breakdown right, so you have broken down short on the retest of the resistance which, at the time, this dotted line was a little higher. Remember earlier, it was 55 49, so earlier in the day, this level was right here.

Right where that red line is at now, we'll make it uh white or whatever you know so earlier. Realistically, that level was right there and that's where the market was topping topping topping. So this would be the market breaking down retesting the breakdown and that's the breakdown, retest short and then fast forward. A few hours market, higher lows, uptrends break statistical levels as it did earlier, breaks up pulls back and that's the break away off the breakout and the retest of the pullback definitely lit all right guys.

That's all we have for you in today's video take care see in the next one.