Good morning ladies and gentlemen, everybody welcome back to the channel. Appreciate you guys tuning in. Uh, we're gonna go ahead and just kind of cover the market on this Monday morning. so let's just go ahead and uh, do that.

So first things first, we'll just kind of talk about uh, the SMA here. Okay, so back on I think it was was it Thursday or was it Wednesday Wednesday Yeah, it looks like maybe Wednesday of last week we created an uptrend or a new Buy Signal into the market. it was Wednesday or Thursday Let's see. Okay, so it was Thursday All right.

So on Thursday of last week you'll see we took over uh, the 50 SMA or broke out the 50 SMA late Thursday create a bullish cross. So essentially we have a Buy Signal that occurs on Thursday. All right. So you see here this 10 Crossing below the 50 SMA and also just the price breaking down the 50 SMA So right here was a sell signal and right here breaking over the 50.

and then of course the cross means we have a Buy Signal Okay, so this white vertical line is the last cell signal. This white vertical line here is the last Buy Signal So at this point in the chart, you shouldn't be bullish when we break below the 50.. And at this point here, when we break over the 50 and start holding, you shouldn't be bearish. Okay, because you are bearish or in cash.

Not long bias When below the 50 SMA you are bullish in Long not short bias when over the 50. the 50 is you're determining over under over under bullish Bears bullish Bears et cetera et cetera. So on. Thursday we got over the 50 SMA dictating no longer bearish, we create a bullish cross confirming the break over the 50.

So that's the cross here which confirms the long over the 50 essentially. So for right now, not bearish all right now. On top of that, we're going to bring up Trading View SO Trading View is pretty much going to give us a bunch of view apps and stuff that you'd be like wow, Why? Why such a busy chart right? So we can go through all of this really quickly. Um, which might as well.

So I'll take you guys through like the whole whole setup here to a degree. And so this red line this one here. Okay, this was the most recent sell signal. so let's do a vertical line there.

alt B for vertical and then let's do a line like right here for the most recent Buy Signal so that's a Buy Signal Ultimately, okay, so the first vertical line is that's actually not the sell signal I Apologize. The sell signal really comes in like, uh, take that off the first. The cell signal really comes in like right here. but the start point where we anchor is there.

But anyways, So looking at this here, this chart I'll run through everything for you guys. Okay, so this is the Cell Signal View app. So there's the cell signal. This creates this view app.

which means we're bearish as long as the market maintains below that and we had a couple moments where he got over it and you know sometimes we'll get over it. Sometimes it'll just pin drop right on it and stay below. Etc Um, so we're below this below this below this below. This below is below successor and you can see when the big squeeze really happens is once you get through that Now we bottomed all the way down here and ripped all the way to here.

and then we went full blown. squeeze over it. And that's because once you get over the red line or in this case, the yellow line, that's when you're fully squeezing out. Well, no, that's when you're starting to shift over the V-wap right? If this was the bearish trend, you're getting over right there.

Hence the break over the pullback to it, hold and then rip again. Okay, so nah, I'm just an FY I Think we're gonna be going down to about that green level right there. So arguably going to be seeing the market sell all the way down to that point. Um, this morning.

Okay, next thing so you can see we have the green or yeah, that that yellow line we're talking about. So this is going to get bearish right? And once you get over pull back hold, Go! Etc All right now the green line here. That is essentially the same thing as this red line here. So this is tracking the start of that bearish move.

This would be tracking the start of this bullish move. Okay, and then the green line that starts here and goes up like that. That's the 50. SMA.

So this is the 10 smav. This is the 50 smav web. Okay, and then this green line right Here is the volume weighted average price of the pullback retest. So again, if you think about it like this, this red line is where all the shorts volume is concentrated at.

So when we break out that line, we're essentially starting to squeeze out the short. Sellers And since we came down, retested it held and started to push off of it. I Tracked the volume blade average price of that. Since at that point I'll be tracking the volume weighted average price of the short sellers that are getting squeezed out in the market.

So essentially shorts are getting squeezed over the red and by tagging a view app to the low of that move, we will track their squeeze volume. Okay, so when we do that, you will see that the big dip on the day from Friday was where. look at the green line going up. it was right onto it.

And then once we track a V web to there we get that late day dip. and then once we track a view up to there price level comes in. That's why I'm expecting we're going to fall a little bit this morning. Okay, because we haven't really been hit.

Continuation supports. So anyways, um so that's pretty much it right? I Mean that's I Mean there's a lot going on there, but it's really just tracking volume tracking volume. and so it all starts from getting a signal. this is a signal.

this was Bare So we throw a B web on the tracks. the Bearish volume. The market doesn't flip Bulls till you take out the bearish volume which happens where this yellow Line's at. All right? but you can't really and a lot of times you won't take out the bearish volume until you get a new Buy Signal and something like that.

Anyways, so here's a new Buy Signal So when we get a new Buy Signal we track the start of the move which is here and also the 50 SMA portion of it which is here. okay and then in this instance instead of the market dipping back down to like the 10 SMA support, we just broke over the bearer cell. So we're going to track the Bearish View app et cetera et cetera et cetera. So there's just a bunch of different V webs we track in there.

So going into today pretty much what's going to go on is I Expect that free market or into the open, we're going to fall down to about 4 14, 70s, 4, 14 60s. You know if we don't it's not a really big deal. but ultimately I'd expect that we're going to sell off a little bit more here trying to get a little closer to this view app support which again is 4 14.70 Um, and then it's just a matter of where the market tries to hold. So I'd assume that right in this area, 41470 is going to be the first spot where the market tries to hold support and then if that gives way, it's going to be around 4 14, 33.

Um, but our main supports are all the way down at Uh 4 11, 57 and 4 12 56 based on volume, weight, average prices. and the last thing we'll take a look at is where the 50 SMA is at. the 50 SMA is currently at 409.60 So if it's at 409.60 then the market went up to about 416. That means the Mark is 600 points above 50 SMA support.

So we are a little extended on this move. Wouldn't be surprised to see um, you know, even a slight pullback to retest some lower areas. but do remember we did have a Buy Signal Therefore, the overall trend for now is still up, even if we get some sort of pulling back into the market. So again, I was thinking a little pullback this morning.

maybe just a bit below 4 15 into the four 1470s area. Um, but anyways, that's pretty much all I got for today. Take care and I'll see you the next one!.