What's going on guys welcome back to the channel appreciate you guys tuning in today's video won't be very long, uh going to kind of run through things fairly quickly, because yesterday was a pretty long video. So i don't want to make today's video as long so, let's get right into it. Yesterday's recommendation on what you should expect from the market was optimistically a long day with price targets first, targeting to here on the nasdaq that green line, then here on the spy. All right and the reason that we recommended this level and this level is because before the spy can go to that one, the nasdaq first needs to break sorry this one right.

So if you're thinking about the way the trading day moved, it was nasdaq out of the open squeezes up to the first statistical probability. Then you pull back so the spy doesn't pull back right there and then, as we start to get up and through the statistical probability, the spy is able to run to its next statistical probability. So basically, in short, we're recommending you watch to this level and this level yesterday, all right now bringing the chart from the top down get that off the screen. Alright, so bringing this chart down.

You guys know that yesterday we had talked about the moving average bullish cross that took place actually the day before uh yesterday, but in short, you can see we had the bullish cross over end of the day tuesday, and this leads to a bullish day, and so I've been trying to kind of put this in front of your guys's eyes, lately just a simple trick: blue below the red, bearish blue, over the red bullish and that's the concept. And then we got a little fakie right there, but the concept being when the blue is over the red. You watch more on the bull side, when the blue is below the red. You watch more on the short side, all right, so we know based on just that information alone.

One. Second, let me bring this down a little more. I'm gon na put this full screen and then we're gon na go into this one full screen. Okay, so we know based on that, that we're not going to be swing bearish until this moving average is below the red one.

Okay, now, if you're waiting for the blue to cross the red before being bearish again, you won't catch the top okay. So, like look here blue below the red down blue below the red down, there is actually a cross right there, two and then down right. You can see blue over red up blue well across there. Then a dip to retest, then up all right.

So we already know - and you know now from watching this - video - that you're not bearish you're not going to be bearish right now, because the moving averages hasn't crossed out now you could be bearish for an intraday pullback, maybe a top tick short, but you're not swing Momentum, immediate trend down: okay: now you guys know that i've been talking about seeing the s. P 500 go down to a price of 364 dollars, i'm still expecting we're going to go to 364.. But since i look at the market a bunch of different ways as of right now, there's no point for me to really be. You know: trading entering new positions on the bear side for swing trends down, because we have the cross the moving average system.

So for right now, there's just really no point in being too bearish, because we don't have a cross. So, for the time being, since we're on the bull side of a move, and we have the moving average cross, we're going to be watching the markets bullish until we get signals or some sort of cross on the downside or unless you know we thought the market Was going to top and then we would look for a top short that would then lead to a cross, but i don't necessarily think that moment is right now. So, yes, i still think we're going to go to 364 dollars. Maybe it's gon na happen.

Two weeks from now - maybe it's a month from now, maybe it's two months from now. Maybe it's four months from now. I have no idea okay, but as long as it takes that's fine by me, and i will watch this little moving average system in the in between to make sure that in the short term, i am on the right side of the moves. The whole way through.

So we could go to 364 over the course of the next three months and in the meantime we have a bullish cross that holds for two weeks and then we have a bearish one. That goes for two weeks and a bullish one, and then eventually we get to 364., either way until we get that cross back down. We're not going to be bearish all right. So now that we know we're not really bearish, because we don't have a big cross.

Okay and we're more on the bull side for the time being uh. What are we? What are we looking at here? Okay, so we're gon na go to the intraday chart here on the spy we're gon na go to the intraday chart here on the nasdaq. All right so something i wan na show you guys really quickly um man, this video might get longer than i anticipated. But what can i say all right so a lot of times when i'm doing my videos, you guys see these charts with these like lines that look like this right.

Okay, so these are accurate um, but they become more accurate into the open. And let me explain why, so this is a multi-time frame system and there's a calculation that runs on and it's hard to make it exactly perfect when you're running across so many different time frames. But if i were to bring over this chart from the right, you'll see what i'm talking about, so the reason the market is stopping here is because there is a statistical probability there. There is um, but let me show you all right, so this is the nasdaq right here.

Do you see it right there there? It is that's the statistical probability, so this this chart right here is not a multi-time frame functioning system. It's just. I don't even know how to explain it. It just is what it is all right, so you can see.

That's where the statistical probability is this one here you can see the statistical probability is up here and that's because this is a multi-time frame system. So until market open, this won't fully adjust properly um but anyways. That's just getting really into the thick of it. But i just want to point out that the reason the market on the nasdaq is stopping right at 293.02 is because that is where the current statistical, long-term probability trend exists, um and it's and it's not up there for right now.

Okay, so the reason that i put some emphasis on that particularly is because that's the reason that we're stopping this morning right - that is the reason the market has not gone higher for the past. I don't know called hour. You know 15 30, 40 minutes whatever. Okay, so when we zoom out of this right, you can see that's the breakout right there we're on the breakout, okay, this here this over over 290.

That's not a breakout, that's not the breakout. I mean it is, but it's not. Okay and the reason i say that is because all right, so so you might be thinking okay, this is a breakout. This is a breakout.

Sorry, it is sneeze all right, so you're thinking, maybe you know over that's a breakout over that line's a breakout. No! It's over that right there and the reason that's. The case is because the other day when this bounce happened, the reason the market went to here and then stopped and pulled back is because the probability was there okay and then, when we did that and came back to there and then pulled back it's because the Probability was there, so you can see why each one of those previous tops this one, this one, this one and this one are down trending right. Why don't? Each one of these retests go exactly back to the same exact high every time, because the resistance is created by statistical probability, not previous price levels, all right.

So that is why you're seeing this stop here and not run all the way to there. That's literally, why it's a little bit of a downtrend, because the trend is down not completely sideways all right. So this is not the breakout, that's not the breakout, that's not the breakout! That is right there, okay, so that would be your breakout level all right on your long play. So until you see or get the nasdaq over this price of 292 96 sustaining over good buying volume, higher lows off it, whatever you want to call it to give yourself the warm fuzzy feeling: okay, you're, not breaking out of this kind of move that we're in So pretty much uh yeah i mean so if you do break out and you go up then you're just targeting up to the next probabilities up.

So in this case the next level up is 401 57 and that's going to adjust at the open a little bit. I don't know exactly how it's going to adjust, but you know that that's pretty much it once you take out that then you target this. Then you target that um right now. Your pullback supports are down at 397.62, so i don't know.

I think i think i've said enough, i think yeah i mean i think, we're pretty good um, so i myself will not be trying to get extremely bullish on the market today. Until i see the nasdaq successfully clear the 292 94 with buying volume, higher lows this - that and the other or unless jim cramer tells me 40 upside, so i hope that helps hope. You guys learned something and i'll catch you on the next one. Everybody take care,.