Good morning guys! Welcome back to the channel! Appreciate you guys tuning in. Uh, so we're gonna go ahead and cover the market as we normally do serving Post in the past couple days. but I do promise you. Uh, just been busy and and as everything starts to settle down, I'll be more consistent and planning on doing a morning and like an afternoon recap with you guys.

Um, so anyways, let's uh, let's get started. So for those of you guys who watch the channel, you guys know we talk about bullish, bearish crosses. So pretty much this was the last sell signal we had Marco worked really well sold off? Um. and then you'll see here.

We got these two back-to-back crosses and when we get that, that generally says we're going to do some sort of back and forth consolidation trading which you can kind of see we've been doing Um. so ultimately right now we're um, we're on a Buy Signal in the market so we're going to be looking more long bias. We have been watching more long bias um, since like yesterday, going into um today, so on so forth. So um, mainly long bias the market to start this morning? Um I Guess you could say there is a price Target we're going for which is all based on Fibonacci so we'll talk about that here in just a second.

All right. So uh, let's go ahead and do that. So something that we do is we do a swing FIB Now the swing FIB is in relationship to uh, the moving average cross system. so I'm going to show you real quick here.

so this would be a swing. FIB We've been watching from here to here and ideally what we'd want to see is the markets hold the 38.2 level to make the move higher to the 161 Target of 400. you will see this morning we're at 397. but the chart here does not provide after hours or pre-market data and if it did, you would see we actually broke down the 38.2 So when we actually look at the screen here to the left, remember we said you don't want to break down the 38.2 All right.

So you can see here this is the 38.2 break. All right. If you look at this screen here, it looks like we held. There was no break.

but if you look over here on the screen you can see we double bottom. That would be that double bottom right there. That double bottom is that double bottom and then pre-market On this day we actually sold all the way down to 386 385. Okay, which was this low All right.

So pretty much the way that we look at this is when you're running a swing Fibonacci Cycle blah blah blah. Doesn't matter. Ultimately, when you break the 38.2 down, you're going to retrace to the 100 or something we call the inverse relationship which would be the 161. On the downside as you can see there.

Okay, so you see how if we do an inverse operation which is doing a Fibonacci from the 38.2 break back to the previous top that was set in, you will almost hit that to the penny. Okay So what we can then do is say to ourselves what is the inverse operation of this swing FIB Well, the inverse operation of this swing FIB would be a Max price of about 399.28 All right. Also, we have this little tiny one here. What? I'm going to talk about So ultimately the max price we'd be going for on like this current day is like 399 to arguably 400 based on some swing FIB tactics.

Okay, uh, let me check this one real quick. So you have this one here, but this one would have already hit because if you break here and that'll be there to there, you've already hit the two six one and the four six one comes in four two threes. That's three nine five. So already well above all that.

Yeah, Okay, so we're not going to mess with this one. So ultimately like today, our Max price is still going to be about about 400 and that might be getting a little dicey to even get. uh close to that. we'll see.

The other thing I want to mention is if you look at this chart here, this is statistics. So statistically speaking, we have hit the long term statistical mean so this is where the market became fair value on the year. Okay, right now we have just broken through the half deviation. uh, level.

So pretty much that just means currently with the market being here. this is halfway in between the yellow or the orange up here and the white. So this is the 50 retrace of this entire. Excuse me.

Zone We're in the halfway point. so before you can go to the upper half, you must. Or yeah, before you can go to this top half, you have to break through the Midway point. It's kind of concept.

Okay, and if we looked back at this from you know the past, like past 30 days you get a better understanding of it right? So like right here. So Market breaks down from above Here breaks these orange. Downs Before it can go to the white, it must first break down the halfway point. the halfway point holds, bounces back up to the upper half and we settle down.

We break the halfway point, hold below, then we can go to the lower half, then the lower half holds. This past couple weeks you've been seeing and we just broke back above. So right now being over it starts to reopen the door for 405. And of course this could shift back down and hold below.

But as soon as you start to get above it and holding above like this day, we broke over, held one, pull back and then broke down pretty quickly. Same kind of concept here. We've just now gotten over. Ideally, we want to see a big rip away from this or pulling back and holding above 396 to then reopen the door for 405s on the S P Okay, so for now we are into more of a Buy Signal a long bias move in the market.

Um, real quick. I'm going to pop on a trading View and just double check a couple things. Um, it's kind of a lot going on, so I'm going to delete a couple things before we continue. I Apologize.

Try to Um yeah. I mean one second. Yep, that surely did work now, didn't it pretty much shock? Um, yeah. I mean I'd probably end up confusing you guys a bit with this screen, but um, but ultimately just put it this way.

um, our last Buy Signal was here right with the 10 crossing over the 50 so ultimately anchoring to that candle gives us a V web here to dip by into. We broke a little bit Market holds and then we v-wap this view app giving our next dip by around 391.82 Market dips down to about 390 196 and then it rips up again. Um, so anchoring another V web to about there to here is probably pretty good. We're gonna have to wait for the market open to see where those come into play, but we've kind of gapped overnight and ran so Market's a little extended from 30 minute supports.

Yeah, I mean honestly? I Guess there isn't a whole lot to do today for right now. Max Price are still going to be 400. We have this big gap to fight off, so I'll probably be looking for some sort of dip. Longs Um, but we're kind of.

We're kind of already far away from this. Buy Signal So probably not the best video in terms of recommendations on what the markets are going to do. only because and that's where is that? That's 397 48 Yeah, are coming into the previous sell signal Max Payne So yeah, up to 397.48 would also be a good price point to expect. Maybe a little rejection too.

So today's video may be not the clearest on Direction but um, we'll get there. We'll get them back on track for you guys. So I'll catch everybody back here. Um, tomorrow morning? right? Yeah, tomorrow morning.

All right. Take care.