What's going on, guys, welcome back to the channel. appreciate you guys tuning in. Haven't posted a video in quite some time, so I figur I'd go ahead and post one today and get everyone up to speed on. You know what the Market's been like, where we're at right now? Uh, so I'll try to make this video somewhat quick I have a lot to cover so I'm just going to jump uh, right into it and uh, I won't be able to explain uh, everything in perfect detail because well, uh, a I I know a decent amount and there is a lot to cover.

So for you to know every reason, every detail, why? it's almost literally impossible for me to do, especially in one video. So um, just take a lot of what I'm saying for what it's worth. Uh, and that the reasons why things are happening is because that's literally just how they happen. Um, so I can assure you all the stuff I'm posting in this video uh, comes from a lot of back testing, a lot of effort, a lot of screen time.

Uh, so not necessarily telling you things that don't work. what I'm telling you are things that do in fact work repeatably all the time. So um, anyways, for that matter, let's get into it all right. So what I want you to notice is this vwap that I'm turning red one second there.

It is all right. that red vwap that was our bearish all-time high. Uh Vwap. So this was the last Market top uh, last 52- we high before we had the bare Market of like 2022 ending into 2023.

All right Now pretty much what happens is once we break out this middle vwap, the market is going to run to something that I call the upper band or the upper distribution. Okay, which is right here. Okay, that purple line. the market will break out the red, it will run to the purple.

That's generally where you're going to have a pullback. Okay is once the market breaks out, it's bearish or bare Market Trend which is the red Vwap. Then it shifts up to the upper distribution which is the purple line. All right.

Then you generally you're going to run into some resistance and pull back all right. Now the pullback that happens after the breakout and the move to the upper distribution. okay, generally pulls back to here. What is this level? Well before we get there, let's do this all right.

Uh, so let's get text all right. So this would be one bare Market top and then this would be two, which is the breakout. This would be three, the run to the purple or the upper distribution and this would be uh, four which is the pullback after the upper distribution. All right now.

Number four can actually be here where it's at. Which is what I call the breakout Vwap continuation uh, level or the Vwap continuation from the breakout. So what's that mean? Why are they called that? Because again, the red line is The Breakout, of the bare Market. So Number One, Bare Market 52 We High Bare Market starts.

Number Two is breaking out the Bare market, number three is basically making its top or running to its desired Price Zone After the breakout, and number Four is the pullback, and number Four can pull back to the Vwap continuation. And why do I call it Vwap continuation? Because these vaps are continuing from the breakout. So if we measure the momentum from the breakout, those vaps come into play here. Number Four.

Thus, what I'm saying is, after a bare Market breaks out, number Two finishes number three, it pulls back to number four, and number four is either going to be Vwap continuation from the breakout, or a fullon reset to the breakout. which would be in this case, Vwap 4. Okay, so uh, ideally what's happening is Bare Market's broken out. We've gone to the price Target We've pulled back and we've hit our Vwap continuation support and we bounced all right.

So over the past couple weeks, Well, yeah, before the rally, we were expecting Longs here. Unless this failed, then we would start playing off of other ideas. But as long as the market broke out and pulled back in the purple, we expected a bounce at number four. Because that's where the Vwap continuation levels are at all right.

simultaneously. Once the market topped here and bounces, where do we expect, this bounce can go to? Well, we would expect it can go to the weekly Vwap off this top. What I mean by that is this. Let me add a Vwap here.

Okay, there you have it as you can see, I've added a Vwap to this high. So the same logic of using a Vwap off this 52- we High to give us an idea of the bearish trend down is the same logic as to why we anchor a VAP to this top because that's a big weekly Top The market topped Big Bearish down Bearish Bearish. So there was three weeks of selling here. That's a pretty decent Siz top.

Okay, therefore I want to Anchor a view up to this High which will then help me understand when slash where the lower high potential could be set in off the bounce from number four. So this is number four and this would be number five. All right. So again, let's take a step back.

We have the Bare Market Bare Market's underway. All right. We break out the Vwap, we run to our purple and our upper distribution long Target number three. We then pull back.

The pull back goes to our expected long continuation vaps number four, number four bounces in the max or the expected long Target of this bounce before it could be met with resistance will generally be the Vwap off this High which would be number five. Now the price is getting l pumped between the weekly resistance and the weekly support. All right, If we continue on the weekly scale, we would then run weekly continuation vaps off of each rejection or bounce. So now that we have rejected this top, we would add a vwap here.

so we would add a vwap like that on the top and I'm just going to take off this Upp band there and then we would add a vwap off this low asort support. So let me go ahead and add the vwap here and make sure it's that's set up. So the support and I'm going to go ahead and I'm going to change it to the color green All right. So now what we're doing is we're measuring the volume weight at average price of this top rejection the same way we did here.

How we're measuring this top rejection. we're starting to measure it here because if this Market tops and rolls over then we'll have that new Vwap Etc Just how this Market came down to these yellow vaps and bounced. Now this green vwap is tracking the volume we at average price of that bounce. Therefore we would expect this pullback number five.

its Max Downside for right now would be to the green Vwap number six. Okay and let's say the market does end up coming down here to number six and it holds the green vwap and does another bounce. We would expect that bounce can Max go to price number seven or Vwap 7, which in this case would be that red one. All right.

So basically what we're getting at right now is that you have a market range from here to here 452 to 438. that is your current weekly Market range. Therefore, there isn't, or you shouldn't really expect any big dramatic move unless you're basically getting below or above that zone for now. So for now, we expect the Market's probably going to trade somewhere in and around.

That zone is very very well likely to happen. Okay, there's other things we're paying attention to in the immediate, but in terms of a longer term view or a bigger view on the market, that's pretty much what you're looking at. All right. Support is right here at number four to the continuation, which is 43778 and obviously your resistance is still about 452.

So until you're getting acceptance over 452, there's no breakout. On the upside, unless you're actually getting acceptance below this low number four, there's no breakdown on the downside, and as long as everything forms and everything is respected, you're not even going to get a retest of number four, you would just end up holding here 43771. All right. So for now, just know that the range of your Market on the weekly scale is from 452 all the way to about 438.

We're going to end the video there and post it because I don't want to get this video making it too long. Uh, but I will be posting another video later today. Where what we're going to do is: we're going to look at the shortterm viewing chart uh, short-term chart and look at what's taking place over the past couple weeks into this week and give you a little bit more detail on what you think can happen in the short short term. So stay tuned and I will post another video in just a couple hours later today.

Take care.