Everybody welcome back to the channel in today's video we're going to talk about the pain that we're experiencing in this market and uh what is really going on and where you should expect things to be within the next few days. Right. It's a sell-off! It's pretty bad um. The market is down by like negative one percent, but pretty much all indices and that kind of validates.

What i said in my last video so we're going to talk about i'm going to talk about that, and i'm also going to be answering some of you guys questions for those of y'all who drop the stocks adventures in the comments section of our last video. Again, don't forget to like to destroy the like button and also don't forget to click on subscribe and take a look on the notification bell that way you don't miss out on these videos. Let's get started right off the bat all right so right now, yeah there's just pain, it's just it's a mess up there. I told y'all yesterday that i was anticipating a sell-off.

The two videos that i presented yesterday, the two stocks that i presented yesterday, which was uh it - was square which is currently down at the moment and i believe it's going to go lower and also afrm, which is currently down right now, and i believe that's also Going to go lower all right, so um right now we're just on the on the on the spot. There is this thing there is this left shoulder right there and then the head right here and then the right shoulder right here and if we zoom in to the one hour time frame right here, it's not looking it's not looking too great again. I think i think we're gon na keep falling all the way down to like it's already f460. I thought 460 could be the bottom, but it looks like we actually gon na shatter right through that and go towards 455 all right and the reason why i said that previously is because it's because of like this flow right here, all right, oh no wrong! Drawing! It's because of this flow right over here this one here all right right there, and if that breaks then expect a lower low, especially on like monday, and also qqq got a gap to fill, which is something that you should keep on your watches as well.

We'll see how everything unfolds the market is about to open in exactly 32 minutes. So we'll see how everything goes. Now, let's check out, let's check out afrm real quickly. Let's do that all right now, afrm, currently it's down to 70 dollars, is so close.

So so so close all right, um. I think that it's just going to flush down and again congrats to anybody who are in this thing. I think it's going to. I think it's going to fall um it could get 66 dollars.

It's looking on points and um. The market sending off also is helping out with this one so yeah. Now, let's talk about. Let's talk about um, you guys stocks of interest, the first one that we're going to address is neo.

Let's talk about neo really quickly, all right now, neo is actually taking a hit as well all right, the whole market is taking a hit. Everything is taken, it hits everything all of it all right, and there is this one thing right there that you should watch closely right here at 27. It looks like it's on target to go hit it again. I think it will hit it on probably today, if not today, then definitely on monday, today's friday.

So, let's see so we got this thing right over here and we just need to see this thing fall all the way down here and there is a gap at 22, which has been there for a very very long time. Could neo actually go all the way that low to 22? I think it might shock a lot of people, but it's the gap. Is there it's still there. If you look on the daily, let me show you: let me zoom out really quick.

That way. You can see exactly what i mean it's right here. It's right! It's right there right here. This is what i mean it's from like 23, all the way to 22.

So don't ignore that and i am kind of like anticipating that drop coming up. I would say next week i would say next week, so keep that, on your watches, for a potential continuation and for more pain on this market now, another stuff that we're going to talk about in today's video somebody have been asking about dks regarding dks. I know why the person is asking about it. Number one there was there was was something that looks like it looked clean.

It looked like left shoulder, we got the head and then we got the right shoulder. It looked really really clean and then and then what happened? What happened was it fell to get above this neckline right here. It failed to do that and it's just rejecting off of its and when that happens, the aftermath is not so favorable. It's really not pleasant.

Um the aftermath is this thing going all the way down to like a hundred bucks, at least in my experience i could be wrong right. I could be wrong, but, from my experience from what i have seen when this happens, there is a massive collapse that follows all right. Let me see um something else show this thing. It was ups.

Let me change it to the five minute, all right, we're gon na look at ups. Really quick! You see, they've got one rejection here. We got another trap here and then we got a descending triangle, followed by a fall into the close. So, let's check out, let's check out ups, all right now with the ups.

Let's see here, the ups we're going to go to the daily, no the four hour. Actually, for that matter, all right, so ups showed the same exact thing: we're gon na zoom out and we got the left shoulder. We got the head and then we got the right shoulder right here and right now. It's just rejecting again.

It rejected from the top. Like really really um ferociously and it's just falling down and down and down again - and it's honestly all the way down to - i think i think again, it could go all the way down to 205 - maybe even 200, okay. So this is what i mean. Hopefully that helps some of you who may be beginners who have having difficulties, reading charts right, so yeah, rejection off the leg off the neckline of a um head and shoulders or reverse and shoulders is results in a massive move to the opposite direction.

So this this would not surprise me if we continue to collapse now, another stuff that we're going to talk about we're going to talk about we're going to talk about amd. Somebody have been asking about this now amd is also going to reach for these 127 um levels, not bullish on here. This is not a time where i will tell you like: go aggressively, go by like no, you should be very, very cautious and until until qq stops hemorrhaging until the market kind of chills out until everything that's supposed to drop actually drops to. Where they're supposed to go, you should always stay cautious and not go in too aggressively when you see something that may be bullish, maybe all right, maybe but right now, it's just no right now.

The course is not too clear. We're gon na look at costco. Somebody asked about it and for costco this one right here it fell off from a ascending wedge or a rising wedge. It was right here right there, all right, uh-huh and then it broke down last week, all the way down to 502 and 510 and produced a this is a dead cat bounce all right.

This is a dead cat bounce and the next stop is at 500. Maybe even for 80., it's not looking too great. It's not looking too favorable for longs right now, so i think it can go slightly lower, at least to 500. Before we see some type of bounce yeah, that's my very honest opinion on this stock, and that is the end of the video again.

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