Everybody welcome back to the channel futures market are currently bloody red right now, and should you panic how low can we go and what are the stocks for all of you to keep in your watches, for today, we're going to talk about all of these thoughts in This video right right after the intro, all right so before we get again, do not forget to annihilate the like button for the youtube algorithm and also don't forget to subscribe. If you are brand new to the channel all right, so let's get started. Um, the futures market is currently down by negative 1.33 um. Is this a surprise um was this expected? I i kind of was expecting this thing.

I really really was, especially after we broke down over here all right this. I think this was thursday leading to a friday. It wasn't looking too good at all, and i explained the re. I explained the rejection of that adverse head and shoulders my last video right so um so far.

How low can we go and should you panic, i'm going to show you a different chart all right there is this massive massive channel that i've seen on spy it drives all the way back. It goes from like way way way back here, all right, all the way back here and on friday i actually wanted the spy to tank a little bit. All right, i put i pretty much said like it would be nice. It would be really really really nice if the spy could immediately just drop there right that way we can get some type of like bounce and so far that's what we're seeing um.

The spy is currently at like exactly 455 um, which is right there right. It's not quite a low source for 50, so do anticipate a dead cat, bounce um and also also the more i look at this and the more i look at all of these other um indices like nasdaq, for example, nasdaq nasdaq is actually looking more and more Like this um like this bear flag right, it's looking like this. If this is clean expected little bounce today, all right, how long would this bounce last - i don't know - and i'm not sure, but i'm getting this 2018 vibe for those of y'all who have been trading for a long time like if you remember well in 2018, around, Like thanksgiving to christmas time, there was a massive sell-off that looked pretty similar to this all right. It look.

It looked pretty similar to this. If you go all the way back to 2018 - and i think we may have - i think i think we may have a similar scenario play out before we balance next year. All right, so the next few weeks are going to be extremely choppy, very, very treacherous and you're not going to like it. So it's best to trade.

What's in the front of you right, not try to make any assumptions, manage your risk really really well and take it real slow, like we've been taking, it really really slow like one at a time, and it's been working really well for us in the discord um. So that's like the best non-financial advice i can give y'all, but for today, in regards to in regards to four slash es, i do expect just a little bit of like a little bit of a bounce, but i don't think it's gon na last for too long. All right now, some stocks that y'all should keep in your watch list for today um the first one. The first one is going to be marvel mrvl all right.

I'm gon na give you this one because it is kind of early. I wanted to make a video yesterday on moderna, but that one shut up, and we will talk about that one really really quickly um in regards to marvel the reason why i like this one, a lot is because of this: if you take a look at the One hour, actually, there is a left shoulder right here, followed by a head right. There okay, followed by a head right here and then followed by the right shoulder right here and then, if you take a look at that, there's that neckline that just broke right over here um, so it broke down on thursday retested on friday and then gap down. Today and it's ready to flush all the way back down towards like 77 again, it's gon na be really really slow.

I'm not bullish on this stock at all, especially given the fact that, like if you look at the uh, if you look at the daily chart, actually the daily chart like there is a gap at the bottom. It's gon na get filled again, like i always say some um, most gaps. Okay, most gaps get killed at some point in time or as soon as we get below 81.50 we're gon na start going really slowly all the way down to like 73 bucks. So this is definitely a stock that you want to keep in your watch list for sure for a short shorting opportunity, all right, this one's for the short sellers, another stock that i want to share with all of you that i think y'all should be keeping it In your watches, it's actually a stock that i put out um a few a few days ago is abbavi all right.

In one of my last video, i told y'all to watch this stock for a crazy move to the upside. This one paid a lot for a long time, a long long time. I explained this megaphone pattern right here. Let me change this thing to the four hour.

That way, you can clearly see more candles. I explain this thing to y'all right megaphone pattern. Then the flag, at the top of the megaphone pattern, which gives you even more reasons to go low, and this thing i told you how to keep watching this for a move all the way up to like in the 130s. It got to the 130s and i was tired now this is the video where i tell you that this is a shorting opportunity.

We were watching this thing for a short two as well um last week, and some people may have taken puts on there. Some people didn't you know, but again the opportunity. Is there it's opening lower at 128 50. I think it's going to collapse all the way down to 125, which is like right over here right within the next few days, and also that is identical to the previous high in the 2000 in 2018, which is right over here.

The previous high was at 125.80 right there, so i do expect a retest of that level very, very, very soon so shorting opportunity is there for shorts all right, especially if you get some more selling pressure coming in um the next one. Again, i'm going to talk about the stock that we took so out of all of these candidates. On friday, i decided to just go with derna all right, and here is why i wanted to go with moderna is because of this all right. If you look here on friday, it looked quite good, it looked really really good um.

There was this bullish triangle that actually broke out at like 290 right and then, like some people started buying calls i bought calls at the close. It looked really really good, and then this is my post at the close well an hour before the close. The price target was 120 for the next week and if you check out this thing right here and you zoom into the one, you can clearly see that this thing just kept running there was, i don't want to say there was magical, unicorn news, because obviously the News is not that magical because obviously the futures are down, but the news the news played out in their favor um. Does it have more room to run? It definitely does.

I think it can go up to um 340, but the wise thing to do especially like if you took this, for example, if you saw this last week and you took it the wise thing to do, i would say just make the trade free, because the contracts Are gon na be up by over a hundred percent they're gon na be up by like probably a hundred and twenty, maybe a hundred and fifty percent? So definitely like you, you can sell at least half or you can sell seventy five percent of it right and then you can wait for this thing to either drop to 305, maybe 300 and, like maybe 300, exactly to try to get back in all right. Remember you can always get back in, but because the market is the way it is because the conditions are the way they are. It's important that you take you lock in some gains, especially after your gap, up make sure that you lock in your gains. You can always get back in later all right, and this is like a similar trend across all of the other um vaccine companies.

If you look at level x, novomax immediately gapped up after a massive move on friday, and this was kind of predictable. If you look at, that was another reason why it's like they're not like there was some type of um some some connection, some correlations among the charts. There was the first gap up over here and then there was the ascending triangle right there right. That was pretty much like the the other reason that made me really lean towards the um vaccine stocks.

So um it broke out right there, midday, which is when but they're in a broke out. They all broke out at the same time and then you just consolidated and now everything moved up. So the wise thing is to take your money off the table, and that means for shorts, who are day traders. There is an opportunity to go, in short, all right.

Um for a day trade for a b trade, i don't know how much the pullback is gon na be, but i do know that people obviously like if i'm thinking to take money off the table, other people will be thinking of taking money off the table as Well because it's the wise thing to do so just watch that for an opportunity to the short side, all right, so that's my very honest opinion on this stock, and that is the end of the video again do not forget to annihilate the like button for the Youtube algorithm, as always, it helps channel a lot and allows more people to get this knowledge as well. Also, if you are brand new to the channel, definitely click on subscribe and click on the notification bell, along with all notifications. That way, you don't miss out on these videos. If you like to be part of a private discord community, you can find that as the very first link in the description of the video below also, if you're not following us on social media, you can find me at paul and guma in the technology lab on Instagram and on twitter, and lastly, if all of this is brand new to you, if you would like to get started in stock market, i left some very basic, step-by-step directions in the description of the video below step, one to step three.

Once again, ladies and gentlemen, my name is pauline guma, with pedanology lab, where we trade patterns and patterns only - and i will see all of you in the next video right - enjoy the outro. You.