Everybody welcome back to the channel, as i told y'all in the last video, the market was going to go lower and lower. It definitely went all right in today's video we're going to talk about what to expect tomorrow. I'm going to be sharing with you another stock that you should be keeping in your watches as well, and i'm going to be answering some of you guys questions for those of you who dropped those stocks of interest. In the comments section of last night's video before i began, do not forget to annihilate the like button on your way in and also don't forget to subscribe.

If you are new to the channel all right, so, let's, let's begin right off the bat um yeah. So today we definitely went lower um. I told you to watch it for a bounce to the red line, which is right here. I haven't touched this line and it closed right at it right at the end of the day, it touched 397 all right now.

Will it hold? Will that line hold um? I i think i think that it's going to break overnight, but it's not going to stay there for too long all right. This is what i mean. This is what i mean. So if we look at um, actually no we're just going to use this, what i think is going to happen, i think it's going to open up it's going to go lower and go all the way down to 3 900 dollars before we actually bounce like this.

We see something like that right and then greedy, extremely greedy short sellers get trapped around like like at the low 3900s right, and then these individuals push the market higher as we move higher throughout the rest of the week. That's what i'm seeing that's the sensation that i'm getting, because some stocks are not as low as they're supposed to be structurally there's some patterns on there and the stocks are supposed to go low. Yesterday's video, i told you all to watch. I told y'all to watch tesla, but you got ta, look at it and congratulations to those of you who watched the video and were able to make some money on it.

Um i told y'all watch it for a drop to 800 or lower it closed the day. At exactly 787 - and this is pretty much how those contracts did like this - this is how much like the contracts printed so congrats to anybody who were able to take advantage of that move. It's not quite at 7 50.. I also warned y'all that tomorrow you might see 7 50, like tuesday or wednesday um.

I think it's gon na happen, tuesday, before we bounce. So when tesla, when tesla gets to seven seven sixty seven, fifty ish, that's where i think well short. Sales should not be greedy, like if you're still holding puts on this one or anything in the market. For that matter, um don't get too greedy, because i think that tomorrow we go lower and people should be covering taking their money off the table.

Before we see a bounce right, so that's um my my reasoning behind the spy. We actually showed it the video we did and the reason why we showed it because it was i in my opinion it was just cleaner. It was cleaner, it was a bearish rectangle and we took we took the video right here all right. We took it like at the open at around, like 180 bucks for the move downwards.

All right and some people did really really well, and where is this thing going to go? Well, as you see on the chart, i think it's going to go a little bit lower, so it's 160 before um buyers, step in and receive some type of bounce all right now. That is actually not the stock that that, for this video, the stock for this video was facebook actually now facebook um. That one is obviously if you're, in a bear trend. Therefore, the direction is going to be lower at first right, so definitely watch facebook for a draw to and 109 bucks.

Before we see a rebound, it was a bearish um, bearish defendant that broke down uh in the last like 40 minutes right here. Right, therefore, watch it for a drop. You can wait for the very bottom before you take a day trade on the way up, all right, because i think i i think we're we we are over oversold. Could it go lower? Yes, but a dead cat bounce is is coming at least i i i i feel it coming out this right.

It's right there, it's right around the corner, so watch for it watch for a move like this right, whether we drop a little bit first before we bounce or whether we open lower and then we bounce watch for that all right. So that's the stock for this video. Now, let's talk about you guys, stocks of interest you'll always have some wonderful questions. The first one that we're going to look at is the bmy and bmy is quite strong if you're looking for a shorting opportunity.

This is not the stock to mess with um you're you're. It's gon na take your money, especially if you're bearish, as you can see, the stock is pretty much wasting everybody's time, and i made a video about this around, like 70 bucks a long time ago, telling you that it was going to chop as it climbs to Around 75 dollars it got there and it's just static, it had earnings, didn't do so well, but it recovered and it's right back at the same price. Let's look at the weekly, the weekly is still bullish and the structure on here is still bullish. Eventually, it's probably gon na go to like 81, but it's super slow.

So this is for people who have a lot of time to just wait all right. So that's my honest thoughts on bmy, the next one that somebody somebody actually mentioned in the comments that they were showed in snapchat, and i don't blame you. I really really don't like. If you look at snapchat, the weekly already is just weak like it's.

It broke down already right and if we just took the weekly chart, for example, we're just gon na keep it there. There is a bearish planet on there that broke down through earnings, but the ernest reaction was not so massive. It turned out to be an option killer where it pretty much stays at the same price and the calls and the puts get annihilated like the day after, like right here, yeah right there, so nobody won on that day. It consolidated it and now it's ready to go down even lower twenty dollars.

Uh would not surprise me at all. There is a gap at 13. that that's that's super aggressive, um and super greedy as well, but it could happen. Thirteen dollars could happen for snapchat.

It could, if you are showing this like throughout the past 63 days, like consider taking some money off the table as it drops and as it moves in your favor all right, but the structure is clean. I like it, i like it for sure to at least 20 at least 20.. So that's that's my honest thoughts on snapchats, the next one that we're going to look at. I already talked about tesla, so we're gon na look at um, we're gon na look at engine yeah.

So somebody asked about this one, and the first thing that i see on here is the potential for a reverse, headed shoulders left shoulder. I got a massive head right here, then we got the right shoulder, which is not done yet um, but the momentum is kind of there. It's trying to recover and fill this gap at 250 if it does like, if it does, i think it's probably gon na reject again with that events right here when, when this symbol is there, i think it's the dividend payout day and usually when that happens stocks. Don't do so well, they tend to like gap down and do a whole lot of nothing before continuing higher.

So short term, like probably this week, expect a little bit of a move towards 250. watch out for that events because they might bring the stock down and then it's going to resume during the next month of june. So that's pretty much my very honest opinions on the overall market. A lot of investors are panicking right now, rightfully so all of your traders again, if you're watching this video, hopefully you're you watch the videos to this.

This is not financial advice. This is just my honest thoughts on what's going to happen tomorrow. These videos are for tomorrow right, so there you go. That is the end of the video.

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