Good morning guys! Welcome back to the channel! Appreciate you guys tuning in. I Figured I'd do a nice run through of the mark of the day. kind of give you guys up to speed on it. So first we're going to start by saying yes, Markets are bearish.

Obviously they're going down, but we got a sell signal just the other day so pretty much we got a sell signal here. Um so anything below the 50 sell signal. obviously you're going to be watching markets down as opposed to up. Then on top of that, you know we will be looking at um, the volume weighted average price sell View app.

So really the sell Signal View app of that sell signal. So again, look at this. Arrow I'm drawing this arrow is pointing to the moving average cell signal cross. Okay, from there the green, the yellow, and this baby blue over here would be the volume weighted average price of that new cell signal.

So this tends to be a short entry that I watch for. So um, real quick I'm going to pull up this chat from Discord uh it's my partner Brandon but you know it's spices Brands trading chat. but working in there so pretty much um you know we're gonna kind of cover a lot of this so so you can see here. um pretty much spy.

Weekly view app supports blah blah blah um we're way way where what's going on here? I Gotta get up to the top of this chat. let's see where we at somewhere Somewhere or somewhere. Okay, right about here. uh or was it up here I don't even know there's so much we talk about.

But anyways, you can see uh, we almost have a bearish cross. So when that happens we'll look for cell entries so you can see it here right? So it um you know 1 35 p.m Yesterday we almost have a bearish cross. So when that happens we will look for cell entries on new cell signal. V-waps of course.

Market uh until Margaret returns back into Yesterday blah blah blah. Okay, so pretty much you will see we break the 50. right? Remember I was telling you when we break the 50 you're going to sell down right? So there's a break of the 50. You know, if we were to look at um, think or Swim bring that, uh, chat back up or is it at? Okay, so if you look at think or Swim right there's the 50 SMA break.

Look at my chart here there's a 50 SMA break, you know? So um, we continue on. So it's just talking about some Mes trading. Got one on there for 22 points. Um you know, and to turn to 30 points, then 32 then it gets up to about 40 points at some point.

Yeah, about 40 points on that one. Um then re-short it again. Um but see three nine four three nine Five is now mega short location. Okay so why are we saying three nine five three three nine four three Nine Five is the Mega Shore location Again, if you look at where the sell signal V webs are and remember up here we said so when we have a bearish cross, we will look for cell entries on new cell signal V webs.

Okay so what ends up happening is the market creates a cross not quite in this picture, but it ends up Crossing Maybe it's in another picture somewhere. Uh, there? Whatever. So we end up getting the cross right. So after we get the cross you can see we talk about the sell Signal View Apps All right.

And then from here it goes Three Nine Four Three Nine Five is going to be the new short location. All right. So the reason we're saying 395-394 is because when you look at the location of the cell signal v-wap where is it located? It is located at 39494 and my buffer one starts at about Three Nine Four-ish So Three Nine Four to Three Nine Five is the Mega Short location. So if we look at this on a one minute chart you will see that in the end of the day yesterday, what does the market do? It does this crazy ripping, gigantic squeeze from 390 all the way to where about 395 which was what we said the Mega Short location.

So after this squeezes up, basically re-entered short here, traded all the way to the bottom and then in after hours or close after hours push up. re-shorted this top and then after hours it pushes up here, re-shorted into like this move and missed some of this down move. So anyways, the sell signal V-waps for the Spy are all located at where 394395 now since it's a fresh sell signal and there's good selling volume on the day. I Pretty much expected we were going to have a gap down which is covered at some point in this chat.

I will find it I know it's in here. Um boom boom somewhere somewhere. Oh probably yeah somewhere I know it's in here, but anyways, doesn't matter. So that's pretty much the reason for being bearish at the 394-395s because of our sell signal B Webs Okay, so pretty much we're bearish down for now.

Um, based off of where that sell signal occurred, we would have View apps here. We have our pretty much overnight view app which is right there. you can see we held below so there's not going to be any sort of counter Trend Bounce That's like really all that great until slash if you break through 390 60. So pretty much this little pre-market top here in view app that starts about 390.72 could kick start the little intraday pop momentum.

Uh, but ultimately would be re-berish right about the price of 39205. Um, so we're not going to flip bias to Trend up Bullish until we get over this baby blue View app at 394.70 slash the 3955950 SMA But that's actually the wrong time frame. so it's really, really 396.. So until the Market's over 396, we're really not going to see any new bullish trending move.

Which is just means until the market gets over the 50. SMA we're not going to see uh, bullish activity. Okay, so now I want to talk to you slightly about the fractal nature of the market and that is this. That, um, the markets are in fact fractal.

So as you can see here on this 30 minute scale, we break down the 50 SMA Market sells down. Okay, that same thing happens on one minute scale. So I'm going to bring over a one minute chart and on this one minute chart I pretty much run a multi-time frame. uh, moving average system if you may.

So all the moving averages on the one minute are the same on the five minute. same on the 10 minutes, Same on a 30 minute daily weekly. Okay, and what you see on the daily happens on the or what you see in the weekly happens on the daily we see on the daily happens on the 30 minute. What happens in the 30 minute happens to the 10 happens in the five, happens on the one.

The scales are just smaller. So with that being said, think about what we just said on the 30 minute scale, right? Which is when the market breaks down the 50, that's a sell signal. Same concept right when the market breaks down the 50 on a one minute, that would be a sell signal. So what happens here? you break down the 50 back test down right so you can even get a bearish cross in the one minute bearish crash Market down.

Now of course on a one minute scale might be a little bit harder to trade because you know the moves aren't going to be as big. But the purpose of talking about that is the markets are fractal. It's all the same thing to smaller scales. Here's your five minute chart.

Five minute chart breaks 50 back, test 50 down. Look at here Market breaks 50 on one minute, back past Uh 50 on the one minute, then down. If you were to come over here to the 10 minute. Okay, 10 minutes going to be the same thing Market breaks down the 50 back tests slightly over and then down.

So like right here when the market uh, broke down and uh so again on this 10 minute scale, you can see we bust through the 50 just a little bit at 39375. But we to the penny respect the five minutes. So essentially on the five minute we break down on the 10 minute we break down and so we pretty much back test the 50 SMA and the five and the 10 minute before selling lower right. And if you were to go, match up the one minute at that same time, you're probably already in a downtrend.

But we'll see. So when we go up to wherever that might be, that would be right there. Okay, so again, if you look at the one minute, what's the one going to do? the one minute breaks the 50. So on the one minute we're starting a sell signal, So on the one minute we break the 50 here, which then takes us to the five minute 50 and we break the five minute down.

So the one minute is down trending. five minutes starts a downtrend, 10 minutes starts a downtrend, And just as you'd expect a back test of the 50 on the one minute which almost tags, you'd expect a back test of the 50 and the five and the 10. Etc et cetera et cetera. Okay, so what you see on longer term standing time frames? the same thing you're going to see on a lower standing time frames and it's all the same rules regardless of the time frame.

Uh, and it's all the same follow through regardless of the time frame. But you have to pay attention to your longer term time frames for bigger levels because for example, you could be coming into a weekly support see that you broke down on the one minute you're like, oh, I'm gonna go short, You go short and you go short. You get a couple points down. maybe a dollar down, run into Daily Support and then you rip up right? So you have to pay attention to all the levels So all we're getting at is markets are bearish for now.

Um and no real crazy price Target anything like that the day just kind of like an analysis follow through with you guys so everybody take care and have a great day.