What's going on? guys, welcome back to the channel. Appreciate you guys tuning in. I Promise today's video will be pretty quick. Uh, we can get to this pretty fast.

So first things first: I have not read any news I Know the market has dropped for some sort of news break data that's come out I haven't even looked. Um. but ultimately the market has broken the volume weighted average price of a recent bullish move which was off of what was that um Wednesday's news break and announcement. So pretty much we had a bullish cross here bullish move up.

so these would be the momentum. View apps going up. You can see that yesterday's low of day was right into those levels. So pretty much yesterday's morning video I'd mentioned blah blah blah blah.

The low risk dip by area is going to be the blue V webs. You'll see the market sells off Yanks those levels we buy it up. The market holds that level until this morning, which new news has obviously come out and the market has broken down. So if you think about the market in terms of manipulation, tactic, volume trapping, and setting up the market in a way that can make a big move, going into an announcement, it would look something like this really big move big Yank on the day, good bounce on the day and Market just stays balanced in between the high and the low.

So any volume coming in from yesterday and any volume coming in from yesterday's low off, this is essentially getting trapped in this range. Okay, so then going in today with more news, it can rip the market. It's just basically either over under kind of deal, right? So pretty much much of the volume that participated yesterday and stayed in is now being used to pay out other Traders essentially. But anyways, so Market has broken the V-wap So theoretically you're bearish.

Okay, and the last thing that we're waiting for, uh, to kind of confirm that that thesis and that bearishness is the 10 sorry the the 50 SMA right now. So this line right here. this is the 100 and the 50 SMA And then this red line is just kind of overlapping them so you can see 1500 SMA below this new bear Trend start. So ultimately, the Market's probably just going to fall to this level.

You might see a little buying there to try to support the market. But Ultimately, through that level, new bearish trend starts. and then you're going to start anchoring V webs down. So I'm just going to go ahead and anchor vaps down for you guys right now.

so that, um, um, you can kind of see how I would probably go about doing it and then they become more valid as a cross happens. So so, for example, um, the bearish cross signal doesn't happen until the the 10 goes below the 50. But a bearish move can basically start working as soon as the 50 SMA gets taken out. So if the 50 SMA gets taken out, we're not bullish anymore for sure.

Okay, and if that ends up leading to a bearish cross, then the anchor V whaps will then be our momentum. Bearish low risk entry to that bearish Trend Okay, so I am going to go ahead and do that real quick. So this is the 10 SMA up there 406.99 which basically means 40 I Think it's let me see real quick. Let me zoom in a sec.

All right. So this is a 401, 407 14. so that's like right, basically right there. So arguably we're over at this morning.

Okay, so I'm gonna do two. Um, sometimes I do two like this. But anyways, you'll get the point. Where's my anchor B website.

Let's see what's the deal here there. It is all right. So I'm gonna do one like right there and that's anchoring from the low Gonna change that to the high. Okay, and then we're gonna anchor to that breakpoint right there.

and so pretty much in the immediate. This is the momentum 10 SMA Breakdown: V-wap that is pressing the price to the 50 SMA and then obviously if the 50 SMA breaks, we would then be bearish. Uh, overall, pretty much. um, and as the Bearish Cross happens, these levels would become more reliable to sell into.

So in a nutshell, we're pretty much watching the market to see if the 50 SMA gives up today which is just below 400 and um, if that ends up creating a new bearish cross, then we're going to be trading down and we'll be trading into the V webs and so on so forth. So for right now, I mean that's that's pretty much it. And then as we get that bearish cross, if it does happen, Um, then going into Monday maybe even later today. Um, you will see how those View apps, uh, interact with the market.

More so so. anyways, that's the video for today. We've broken the tennis and may we broke the previous Bullish Anchor V-wap levels. We're testing the 50 SMA which is the last line of defense.

Um, before a bearish trend shift would most likely be underway. Um, so yeah. take all that put it in your mind. conceptualize it.

Understand it? However, you need to do that, and uh, I'll see you in the next video. Take care.