Stock Market Gapped Up | No Surprise
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Good morning, ladies and gentlemen, boys and girls, what a show the last few weeks have been. Maybe i should um so good morning guys good morning, um yeah, i'm assuming most of you guys, probably ended up watching um. Maybe those two videos i posted this morning but um i mean in a nutshell: the market went up where it was supposed to go. To i mean all said and done.
Hinds hindsight 2020 market always goes where it's supposed to go. Um but yeah i mean uh. Yesterday, i guess let's go over to the spy, because i think we were looking at that a little closer, so i mean yeah, i mean here's. The deal basically spy consolidation zone broke ran up this area right here was long-term uh price action trend that cross caused the run to the four hour statistical mean you will not see any long bias movement on the market today.
Well, you can see long bias movement wherever you want, but typically the long bias movement. You guys want won't happen, so you go through 465 on the up, because most people want to treat breakouts want to trade. A nice trending move kind of like this right. Most people want, you know, sort of that break and that move and this break and this move right.
So that's generally the objective you will not get that with the spy today until you go over pretty much the pre-market high. Today's pre-market high is in fact, a statistical level. Therefore, the pre-market high is a pre-market, high, breakout scenario today, where it's actually important to break the pre-market high when your pre-market high gets put in and it's not off a statistical level, then the pre-market high breakout usually becomes less significant, sometimes um, then again, nine times Out of ten, your pre-market height is a statistical level, and that's why the pre-market high is the pre-market high, because the pre-market high has to be put in so the way that it gets put in is by it hitting a statistical level. Typically um, so i mean really that's the deal.
That's pretty much the deal to market so um through this price target's that 469 um that's about it, go to the queues. Um i mean the queues are exactly how the spy was yesterday. So let's go look at the spy again um, so your spy yesterday, so you see how down here in, like the pre-market area, it was in between two levels. So, let's fast forward now to the cues, you see how the cues are just in between there's a lot of different lines on the chart.
That's just me kind of playing around, but so i'll delete a bunch of these ones um. It should be. I think that's a down trend line there, and these are a couple downtrend lines because it doesn't really matter so either way. You can just see we're in between this here and this here, so we're in between a zone um.
So the way you would read this is yesterday we're down that uh flags up hits its target overnight through it a little bit the spy. So if you actually, if you think about it, the cues right now are not following the spy, but they kind of are right, because if you look at where the q stop the queues, don't stop here. They go through this and they top here, but not here. So the reason that they topped where they topped is because the s p y came up to its statistical mean and stopped. So it kind of appears that the q's are somewhat. I hate saying following sympathy to the market of the spy, because it's not really true, but it kind of is so nonetheless, the way the cues sit is pull back right now would be down to like 390 145 uh push to the upside would be like 395.. You can't see any big long bias movement on the qs q's, you know. Well, you could see a nice long move from 393 to 395, a two-point move upside, maybe even 396, give or take, but there's really no big trending move for the market today, in my opinion, because you're just trading in between a range um yesterday was a day Where you would look for a trading range day, which you know most of the day yesterday, we said: watch the markets long so you'll see once the markets cleared this spot like watch this one second, so once the market cleared here, where is the next line? All the way up here right, so you clear here it's to there right now, you're in between here and here.
So it's not like you're just clearing trying to go too well, you kind of clear and stop, and so you're in between a range that range for me on the q's right now down to 391.74 up to 395.50 or yeah, three yeah three. Ninety five thirty yeah yep, okay, that's about it! Hopefully you guys wrote that down. I'm sure you did probably or just put in your chart, tesla just ripped um tesla did not just rip tesla's still sitting the same price. I was sitting since this morning's gap up tesla ripped overnight, true, as did pretty much every single stock in the market, and that's just because the market's on a gap up so we'll hop on over to tesla, so tesla um yeah, i mean um yesterday was cool Right yesterday, pretty much went exactly to our level right there.
That was our level on the day. I mean it was one of them right. This was a level, that's a level right, so it's one of the levels, but you can see. I mean as soon as you got to our level, it stopped on a dime and that and that's because you know when we're looking at um, see like, for example, when when i'm looking at previous support.
I don't go like this. I don't go. Oh that's support. I used to i don't anymore, i used to say: oh that's support, i don't do that anymore now.
I say this is a support, stops on a dime right there and that's because i was a crazy and i wanted to figure out, tops and bottoms. So most people wouldn't have taken as long or as many years as i have to maybe figure i mean that's a lie. I mean people know i mean that that's that's. That's a lie.
That's just a cocky stupid statement. That's a lie right because the fact of the matter is no people know that that was a buy look at the volume. Sorry for the language, but like look it connor, you know it's not like. I'm the only one thinking that right. Look at the volume the volume doesn't lie right, so you know i used to look at support. That way. I would you know, maybe go to the whatever the four hour the daily and go. Oh, like that's a previous support.
Nah! It's just! No! That's where most of the people would look. So i was looking down to here. 947.77. So um we tagged 947.77.
We gap up overnight with the market figures, no surprise um. So today tesla you can see bottom wick bottom wick bottom wick. I would be hard-pressed to see tesla roll over into a bearish day. I mean, maybe the if the market just was absolute, then i could see it, but otherwise.
I basically expect you're going to see tesla up at, like you know: 10. 60, 10. 70S. 1080S.
Even possibly so right now yeah, i mean here's the deal. This is the. Let me just double check make sure it's still all accurate that one is not it's a little higher now, so that's good, but the weekly is probably still the same. I don't even know what i did last night or yeah.
I don't know why. Maybe i i could be it. I could have just made it the wrong level. Oh, that definitely changes my analysis quite a bit.
That is significantly more interesting. Now, okay, so yeah tesla's on a weekly level. Why didn't i know that you're from yesterday i don't know so it was my opinion. This would go 10.60 today, we're creating lower highs, free market stock markets, currently trending down.
So basically, the way i see is, if tesla's, going to continue having a good day, it needs to maintain the weekly. Otherwise, i would say tesla snap weekly head back down to 10 32.. So, basically, the way it sits is right. We have gapped up overnight.
We ran, we went above the weekly pulled back to the weekly pulled back to the weekly. Still above the weekly snap. Through the weekly target 10 30. maintain 10 30 grind back over weekly, then we might talk.
Higher still depends on how the market shakes out. You guys know what i said. I think the markets. In my opinion, i believe the markets were supposed to pull back today off this move.
I think i even said that in our pre-market video, so in my opinion, market supposed to pull back uh to start the day, at least still into a potential start of an uptrend or not only say start of an uptrend. We did start up trending right down. We and down high or low broke previous swing high, so the market is up trending, okay market's, not down trending, it's up trending, so we hit our first target on the upside a lot of times. That's resistance, so you pull back so now.
You know why the market is pulling back in the uptrend. We went up to trend resistance, pullback and uptrend. So could very well see a dip, a dip to a buy today, uh, which i assume, if the market's going to do a dip. It's going to be because the nasdaq pulls down to its trend, see if you look at the spy, should talk about the spy really quickly. So, if you look at the spy you'll see that the spy does not have it has whatever you want it to be. There, whatever you believe, is there. So if you follow what i follow and do what i do and this and that and other there is no trending resist trending support on the downside for the spy. Unless you were all the way down, i don't even know where.
Let me let me think um, but i don't think there's any statistical support anywhere. No, not there, no, no! No! So this is a situation where you would probably make up your own trend and be like oh yeah, like daily chart trend daily daily forum or yeah. I mean you could do something like that and be like. Oh, you know if the market swings all the way down, like maybe that's a trend, support bounce right there for 60 54., but i mean who the hell is going to say the market's going to pull all the way down to 460 50.
When you already know that the qqq has a trending support that it's coming up to right here, so in this case i would be using the qqq's down drop into this level to see if that's where the market truly gets supported. So, though, you don't have a target on the downside for the spy, you do have a target on the downside for the qs and the micro, not the microsoft, but the technology stocks are going to be your highest market. Cap stocks have the biggest effect on the stock market, so qqq pulling down to its trend, support and it starts to bounce there. Those same stocks that are bouncing in the queues are also included in the spy and since the technology stocks are your biggest boomers in the market, they play a significant role on uh, the sp y in itself, so again, cues down to that level, spy down to Whatever level it doesn't matter like, i don't, i don't know the price of the spy because, in my opinion, it's just cues down to that level.
Spy will bottom whenever that bottom. So if you know you come down to 391 and that causes the spy to go down to you know what like four something you know so spy down, two more points, a point or something: maybe you see the spy down to 461 somewhere else, all right, so Uh that that's pretty much it aside from all that crazy this then you know they're just by the dip. Probably okay but yeah as c hodge said, market goes up. Market goes down, it's pretty much.
Just that ebb and flow up. Watch volume targets all that good stuff, so so jane yeah i mean i i always use so actually now i use the weeklies dailies dailies and the weeklies are always the ones that are the closest. The four hour is always the one that changes a little bit. Uh but yeah i do that every single day, yeah and every single day, you're stocked - i mean as cocky as it sounds.
You know, and even i still got ta get better because i know it too is every day the stock is going to trade to those levels and if it doesn't it's like a nine times out of a 10 situation, so yeah i mean nearly every day when You use this sort of system. The stock will go to your levels almost every day, so uh yeah so just use it practice with it. You'll get better over time. Pj's in the dark baby. Sarah maria your system is no joke dude. I know i literally. I might have to write a book because so so i did. I did say to myself that i was going to uh, i'm gon na i'm gon na yeah no, never mind just i have some ideas or doesn't really matter but yeah.
I think i think one of these days i'm gon na sit down and do a really full, because i i've done them in the past. But since then some things have changed. So i think i will probably sit down and do a very full in-depth video start to finish waking up out of bed using the standard dev system on a daily basis. Um yeah.
I mean i've made a video like that in the past, but it just wasn't that i mean it's in depth, but things have changed so i'm gon na do another kind of probably in-depth video for this um and uh yeah, but uh yeah. I might have to do a little coloring book for people on this one, because there is a lot to it right. It's not just hey, guys, look, left and put your level here. No, you have to come in.
You got to update it every day you got to look at it every day. You got to use your brain a little bit of this a little bit of debt and the next thing you know boom done so um yeah. I have to do a coloring book somewhere, see how our friend tesla is doing, even though the market's going down tesla, i mean it's holding decently, okay, even with the the market kind of trailing off a bit all right, so um, some other plays you've got to Be careful the more people that use it the more the system will degrade. You know, um.
We've heard that a lot right. We have heard that a lot um. I think there is some truth to the statement, but at the end of the day, i think it was his name, jamie dimon, i think, he's like a billionaire who made a lot of his riches off the market. He made his riches by doing by basically using standard deviation in statistics.
Now i'm sure he does it significantly different than i did, because the guy's a billionaire um, but a guy made billions by cracking the market using standard, deviation and statistics, and our trading system is based around standard deviation, statistics um, so yeah i mean there is some Truth to that um, you know no, whatever you want to make it right, so i mean, but then again it's like how many things right. I mean how many, how many different things can the computers look at and do and how they calculate it so to a degree, i think you know the more people that use something. Yes, maybe they'll, and actually i don't. I don't even think that's true.
I really don't. I don't think that the more people more, the more that people use one thing, the less it's going to actually work. I know we've heard that in the market but um i don't know to a degree. I don't necessarily believe it entirely and the reason i say that is because this system, everything changes every single day so much that you have to stay on top of it every single day and it changes every single day that i don't yeah. I don't know we'll see, but you know to each their own see, but then that's the other thing everyone's like don't give this secret away. Bro don't give, and honestly i mean the reality of the situation is um. The reality of situation is, i probably yeah. I mean it doesn't matter yeah, but no.
I've had a lot of people say that to me, don't give the secret away bro, don't give it away, which into a degree. I guess you could argue is somewhat true. Well, here's the other thing too. Sarah is that the more people that know you're going to do something then the easier it is to take advantage of that person.
So right, if everybody knows 100 people are going to buy here, then we can just buy slightly before and maybe we'll catch the movie for 8.. So that's just the concept of that uh tesla moving pretty spicy, my guys pretty spicy, um, yeah, hmm, yeah and ian ian raises another good point right. You know: there's there's like 16 million different ways to trade right, so not everyone's always gon na trade. The same way - and it's really at the end of the day - it's it's, it's there's one common goal and that common goal is to buy a lamborghini.
Well, yeah i mean for some, but the the common goal is the is it's just to um, find your support and find your resistance and find where something's gon na stop and something's gon na go and something's gon na they're up and that's all it is, and Everybody's got 16 million different ways to to cross that bridge. So that's just really all it is right. There's all it is so um just for the next couple of minutes. I'll run you guys through a couple ideas.
One was uh tesla, i mean amc is kind of another one that maybe arguably we watch long bias. I know that the other week i posted something on twitter, which was talking about a big long move on this day and it didn't happen, and why did it not happen? And it's because we did not cross the weekly. So that's the weekly which might no, i think, i updated so today it's like okay, long to weekly. If we can break the weekly we'll take out everybody that was selling short selling short selling short and we'll squeeze them up to like 32 to 33..
So that's pretty much it now. Arguably, the trend of this market is down so you're, trying to reverse that trend and that's why you would squeeze shorts right you're, not squeezing shorts. Unless you reverse the trend right, so people are bagging shorts bagging, it short bagging. A short strong dip buy. This was actually a price target. We mentioned that day 26 and it's squeezed up popper magoo trend up. You will not see anything special to the message to the apes to trey and matt. You will not see anything special on amc until you tickle up through the weekly of 31, 31.
31. Once you start to do that short sellers from here and here and here and here and here are going to be and then they'll probably squeeze themselves out and then it's like well, what happens if they don't well, then it probably ends up going even lower, and I can tell you where that's going to be too so in the event, somehow it did not magically go up, which i just don't see happening. Then i i mean there's no point even saying that, because it's just not gon na happen, i'm not even gon na say it so to the apes. You wan na get yourself all cuddly up to the 31.
true to 31, then you can start getting little squeezies. Please you've made more money in currencies and commodities nice, but yeah. I do do know, there's like 16 million different ways to get to the same outcome of like trading, and you know looking at stuff and what have you yeah? I mean i i literally just and that's the thing is like this is another reason why it's like uh, you know just like that. I could have.
I could have easily been buying amc and then told everyone here to buy, and then i could have just sold onto people which i didn't, but you know could have and that's okay right i mean literally, the story is the same. It's the weekly. There is nothing special about this that special. This is not that is so, as mentioned before up and true to weekly, true da weekly.
Actually, the market is about to hope, and it just did open. Okay, so only amc, trudeau weekly, will it be all spicy all right, so you can see. Tesla is snapping the weekly moving towards 103 35. For now you um, so i mean the cues have started with a little bit of a push upwards um spy's kind of grinding up a little bit again until you get through that 465 on the spy.
You won't see like a big push for now, all right. The spy is up to 464.90, which is basically it trying to break through the statistical mean so far. Buying volume is, you know decent. You just got ta pop through the statistical mean we'll see if it leads to more here, big pop on the spy there very nice jump, and that was right as you pass through that 465 price tesla, starting to pick up a little bit in that dip.
You i mean a great move from the market. I mean um, so, like the the nasdaq remember talking about the nasdaq going up today, so the upside target, there, you know through the 390 high for the nasdaq, could very well be up towards. Like 395.27, there goes tesla tesla targets, maybe like 1068, something like that um. If amc does end up kind of popping out of this consolidation, you'd look up towards 31, but then again the market's still kind of like meh well, markets are moving well, the spy just slightly pulled back there, um and the market still getting bought up dips getting Bought on the queues, pretty nice dip got bought on the spy pretty nice there yeah very nice move cues coming close to that 395 price twitter is holding its plus two deviation: yeah tesla, just not working, it's still just kind of sitting hanging at that weekly trend. So you know the interesting thing here is: the market has done a good, long move and still a lot of other stocks kind of struggling on the day. So yes, it works with crypto yeah, all right, so q's got as high as 394 to start this day. Hmm gigantic pullback from the goose, so we still haven't hit any kind of statistical level myself, except for the spy. The spy was the one over 464 that kind of hit so um as it is for amc.
Amc has not so far from the open been able to get up towards 31s, which would be sort of a squeeze level, so still trend down there for now, um good chance, tesla's going down because tesla is sitting right at a weekly chart level right. So it's not yeah. I mean it's basically on resistance. You know nvidia pulling off the 310 about the snap through kind of current day's low is the way it seems, baba, annihilated, interesting, hmm, neo, sharp pullback.
That kind of looks yeah, syta still moving, really good. Neo huh, i wonder if this is one of those weird days where it just slams all the way back down to 32.. That would be really impressive. I mean i've seen it before.
So as it stands, yes nicholas s-y-s-y-t-a is having good move. Um! Oh sorry, let me move this a bit too here we go see all these stocks. That kind of pop up here throughout the day, typically are going to have pretty decent moves. You can follow those you jeez uh, so spy just pulled back to 460 and held 460, which is pretty good um.
This could very well kick-start a move higher. So as long as the market, the spy stays over 460. You have potential for continued upwards movement below what was it below four six sorry, 464 90 is where you probably see continued uh continued selling pressure, yeah and so watching. Neo neo could very well sink all the way back down towards 32 it'd be kind of impressive, but it is a possible outcome for that, so the spy just about to get through the high a day working really nicely.
So you know it's my belief that you know this spy. Breakout move could go as high as wherever that price is when the nasdaq hits 395 potentially twitter. Also sitting here kind of interestingly twitter is just a play. That's been down for quite a bit that i was wondering if we can get up to the weekly, it might be a sort of a play for like tomorrow or next couple days or something so so far.
Neo is just getting smacked down. Um market, on the other hand, still moving up very, very good um, so i mean you're getting you're getting divergence on neo neo is going down while the market's going up. That's, usually not a good sign for a stock. I did have targets on the spy, maybe to 469, but i didn't think or was that just a random trend line that might have just been a random trend line or way. I do have targets up to 469 on the spy today. I really didn't think we were gon na run all the way there, but we might, we might xpev um. I haven't seen it today. Interestingly down well.
Most of the chinese stocks has to write chinese place, have gotten kind of knocked to the downside. So there's that um yeah um yeah - i mean it's just tesla doing a lot better. There i mean yeah tesla, getting up and through this weekly level here could very well lead towards. You know a pop towards a previous high uh.
The qqq's are still kind of grinding up pretty decent neo still kind of swinging down there uh the nasdaq has gotten fairly close to its targets for the day, at least in my opinion, that is neo still creeping down. I mean, as it stands, market does still kind of feel strong, so it's going to leave it, be there um, neo, almost to kind of its pre-market low areas, things still just kind of cruising down like we said before, tesla actually getting up and through the weekly Level would be very important, so here are a couple plays i'm currently in working on was one long spy. Well, not one started with more than that, then some short, the neo and so worked on those still watching this tesla i mean the reality of the situation. Is this thing did not really move, you know with the market, so it's kind of like you know so that might uh just uh end up not doing anything.
Special syta flying yeah, nice um i'll, give you kind of a little target on it. Like i said lately, i've just been kind of focusing on the overall markets, a little more trying to dial that up, but uh yeah. My next target up for syta right now would be it. Is you just passed one? So it's always a little harder with things have way more volatility, but next level up syta is uh 676..
So first level was 603. You beat that pulled over tag 603 bounce back up so yeah. I don't ride on right. All right, all right, all right! All right all right, you know what i think i am going to close my neo, because that was a good move down.
It's about. You know. Yeah, i mean it was decent, so i'm gon na close that puppy, the uh, the uh. Sorry, the um, the qqqs, are coming up to tree 95, so um.
That means that uh. That means that you could see a little bit of resistance, not sang dude, all right. So as it stands, tesla did get back over the weekly. That's cool, we'll! Take a look at b y s, i b b yeah that did kind of do a little pop.
Now, didn't it you so so far markets are moving up. Pretty good i mean yeah markets are moving, great markets are moving kind of as they probably it almost looks like they maybe should have been spies doing well, let's check on uh qqq, so qqqs are getting up to their potential resistance. If the cues do not stop here and they they they they pretty much go through. Then that tells me that we're probably going for the spy target of 468 469., so the q's just achieved our first long target on the day. Congratulations! Oh! Oh! No! One! All! Right go myself: you have old twater here little mctwit, bang um! You know as long as the market doesn't get demolished. You know this is also a pretty decent setup. I'm sorry market still doing pretty nicely just giving an old little chug along good old chugger magoo. There goes a little bit of bang as you can see, the queues are kind of struggling at the 395, but no worries, no worries.
Good old mctwitter on the fly would not be surprised if twitter takes out about 46 and then ripper magoo's up to 46.50, but might be getting ahead of myself. My spy calls are now up 49. Well, it's only one call at this point but lit. There goes 46 through 46, make twitter's gon na bang.
Again through 46 twitter will be the bang. The question is, can it does twitter get through the old 40s? Thank you nasa. I appreciate you girl, appreciate you, you would you guys would spy is still cranking and baby? Oh, my goodness, the market is just just running. My dudes is going crazy.
Uh yep, i'm up 59 of my spy calls right now. So well, it's only one but and then you know hold on one second. Here we go. That's what it looks like now: call 60 twitter's.
Fourteen all right. There goes good old, twit bang through the 46., all right, we're locked a little bit of profit on the old twitter, as we pop to that 46 got a little bit of volatility spike now you know it would be cool if we could get it all the Way up to the weekly, so that would be spicy it's like. Am i asking too much from the old twitter nah spy all the way to 469, basically just watch it just watch and then, when we get to 469 watch us reverse into a short all right. Don't don't settle down child settle down all right step, free, settle down? Okay, cockiness will never get you anywhere in life.
Sometimes it does, but you know alrighty. 66 percent. Oh spy bangers, lego, baby, lego, lego, my eggo, so how did tesla end up doing huh? Well, that little guy well that little champ do no just sitting like a little turd bag. I mean honestly, it's fine, you know.
Still i mean 1060s still a target. I mean we cleared the weekly yeah. I mean it's definitely got some potential. The only thing i don't like about this well, i mean it's fine.
Well, here's the deal. What's the beta, what's tesla's beta, it's been a while, since i've looked, let's see um, you know what i think. Instead of being a complete jagger, i mean the reality of the situation is yeah, i mean it doesn't. Even it doesn't really matter what the situation is, but give me a second good old bang come on baby, get to the 46, go to the weekly. Hmm! Oh, not twitter, oh no, the market is a a pullback, so i did close that last call at like 60 gain there. I still think we're gon na. We can go higher um, but i'm kind of doing something else here and i got a couple other plays. So um tesla's beta is 1.2 that doesn't even that doesn't even make sense.
So the reason i close that one is just because you know i wouldn't be surprised if we do a little small pullback here, which is fine um but yeah i mean that's pretty pretty much it. You know um. I need to yeah. We gon na do that baby gon na take a little bit more off my twitter, i mean we hit the 46s.
We couldn't really clear through for now, which is cool, so just de-leveraged a little bit and just kind of chilling. Oh god, hmm. What time is it 1005 time to go? Is it time to quit working for the day i mean good or we made money could just go hit golf balls. It's always a good time.
No, i'm saying that's a very low beta for tesla, that's extremely low. For so that's what i'm saying i don't even i don't even know how that makes sense to me. It doesn't make any sense to me. I mean come on twitter, come on baby, come on little twit twaty magoo yeah, i'm getting yeah.
I was saying i was getting 1.7 like this, isn't just doesn't seem right. So whatever watch the vix 22 gon na bounce day foshosis, you said, watch 22 level as of right now looks like the vix is in a pretty steady downtrend to me. I think i will not get long. Thank you, the real one.
I appreciate you, my dude, my dude. I appreciate i appreciate you me appreciate you wee friend, because you give me five dolla and you know what that means. You know what five dollars i'm not into guys, but twenty dollars is twenty dollars. I mean um so yeah.
Let me check at the vix again so you're saying vixx. Yet wait what oh we're at 2260.. No wonder why i'm like that doesn't make any sense. So yeah uh, maybe vic's down to 20 to 11..
So you were, you were right. Maybe a 22 22 11 2104 would be. That would be interesting. So here's the deal uh as of now.
You don't even have to concern yourself with the fear index. The vix right, the vix, has broken the price of uh 2290, which was a it doesn't matter what it was it just did that just know that i said that, and it did that, so it did that. So you don't even have to concern yourself with the vix or being oh, i'm so scared unless it actually goes back up above, like 2290s in sustain so for now, you're fine, don't panic market's, probably going to go all the way up to like 469 or close To 460 870 - something like that in the spine, that's about it! 20 bucks is 20 bucks. What tick are we on to be truthful? We're not really on anything um we're not so i squeezed out today about 300 um could have been a little better, definitely kind of missed some takes there.
So that's! The other thing too, is like your profit. Can be your profit on a day whether you traded the best or not, can be significantly different? You know what that is going to be. This sounds so dumb in my head. You know when i say that sometimes what i was going to say basically sounds like this. If i would just hit every shot perfect in golf, i would be a great golfer. I would be amazing. No obviously, if you don't screw up you're going to be great. So yeah, i would say just today one thing based on the trades i did do that i could have done better, was just making sure to take off a little bit of my size, quicker on volatile drops and volatile up moves.
See right now, i'm sitting at 300 and that could have easily been like five to six, if i would have just closed quicker on volatility pops with a few of these options, but i just didn't so could have been a little better there. But you know whatever um so yeah, so i'm in the position where i can sit here and uh, you know continue trading and trying to make some money or i can basically just call it a day. Take my 300 wake up tomorrow. Formulate new game plans in the market and see you guys tomorrow morning, um good old, bang, remember what we said about little mick twitter magoo going up to that 4670.
It hasn't done that. But if it does do that, just remember ricky gutierrez told you it would. Oh dude, amc god damn it. Why did i forget to watch it all right, no big deal without bring it out, no fomo, no yeah.
What are you gon na do? What are you gon na? Do what you gon na? Do i don't know what i'm gon na do? Well, i know what i would do. I wouldn't look any higher than 33 right now. So i know what i will do i'll look for we'll watch amc now, that's cool! So now that amc is doing everything we said it would do. Let's just make sure we continue to follow, because there is still some potential we've gotten through the weekly chart.
It's just a matter of kind of clearing through previous price action levels to really get the rest of the market to go. Ah this as things breaking all right so which is only right there. Oh, that's not bad at all yeah! So we'll just kind of got to watch the uh. You got to watch the old volume here and make tickler but see the the reality of the situation.
Is i mean its first attempt at the weekly, probably gon na get a little bit of a pullback right right? I mean whatever i'm gon na take a little risk on it. It's a chase. It's a total! No yeah! I mean it's a total chase i'll give it a second because versus our first attempt breaking over the level so i'll just give it a sec. It's a total chase.
If i were to buy that right now, but at the end of the day the market doesn't really have all that much more to go. What do you do? Buying volume through the weekly look pretty dece, but here's the deal we already know where the market remember. This guys, here's another thing right that like this is something that helps me and hurts me at times right, i'm looking at amc and i'm going. Oh, my gosh look at amc. It looks great same token. The spy only had up to about 468.69 on the day, so you have maybe another dollar up from the market. So if you have another dollar up from the market, what's amc's beta see how is amc's beta 330 and tesla's as a dollar, so it doesn't make any sense. Literally none uh been a while i'm doing good cooley.
How are you doing my dude tesla, looking pretty dees again, if you see tesla up at 1070, just remember it's because ricky g told you it would be there today, oh, my goodness, the spy beautiful move. I mean just just dandy. Now again, if amc's at uh 32.50 today 33 for sure that's a top reversal short play, no doubt no doubt in my little tickle. Let me check the cues.
Actually, i want to take another look at those guys so they're at 396. was there a level that i missed here i mean realistically markets on that game would be oh yeah that ain't gon na happen. No, that's not gon na happen, see what we're probably gon na see is we're gon na see a rejection on the spy coming up soon, and the rejection on the spy will cause the nasdaq to probably fall back down to 3.95. That would be my guess is that when the spy tops, if it does and gives us even a half, a smidge of a goose or mageesha magoo decent of a pullback, that would probably bring the cues back down to re-test their breakout of 395..
There goes amc through the weekly with a strong candle, very nice. What time is it or not? What time is it yeah i mean yeah, i mean 286 people today. I love you guys. You guys are the best me love you, you love me.
We are happy family and the market went um man, i'm really grat, i'm really i'm. So i am so ecstatic that i tuned into ricky. Gutierrez's live stream today, so he could tell me the market would go all the way to 469. Almost i love that guy.
What a great guy all right! So you had a little papa, magoo, maguchi, magee up and true and now you're, seeing amc kind of coming down a little bit. So arguably, a shift back through the weekly can cause panic right. So look at this right. If we zoom in right think about your candlestick charting you're like oh, if we go below this candle, then that's where sellers can come in.
You see how the weekly level lines up pretty much like right near the lows of these candles, where you would say if it goes in it's going to snappy, dippy dappy, magumi yeah, exactly you get the point. Oh my gosh. It's like amc started to sell down below the weekly. What happened remember remember.
I was saying i'm not gon na chase that up that's a total chase. That's a first attempt at the week, not gon na. Do it been there before um, i think, since the market's getting pretty close to its targets, i'm going to close my call there on twitter, lock in at 11, gain call it a little bit of a day because it's moving like a little turd bag and because The market has pretty much gotten to our targets. Therefore, i don't see a not that i don't see the market going any higher. You just don't have as much room for the mark. Well, i could still go up another dollar. We still have a dollar up on the market, so a dollar up on the market could maybe still take twitter up to 46.73. Twitter does have a beta of 119, so if the spy goes one, this goes 119, the move up would be 72.
So, theoretically, just on beta, we could make it in that relationship um, but then again the market's been on a straight crank or mcgee, and then this hasn't done. So there's also that starting to see a little bit of selling there on the nasdaq. Yes, sorry: anyways um. I was going to say that this is usually the time period where yeah you 10 30 right, almost 10 30 kind of the reversal time reversal time right, haven't you heard that before right? Isn't it like? You read a book watch a youtube! Video, preferably ricky g, because i love the guy uh and then next thing you know you're, like it's 10.
30., it's time for the reversal right. So it's 10 30 folks, it's time for the reversal and let's see where the market's at and the market is almost up to our target. So our target was, i don't want to say our target because that's kind of a lie: it's a magnet target that we go for if a few other things happen, and it gives us confidence which that kind of happened today. So the target was and is 468 90 upside spine.
It's 10 20. we're almost to that target. I did not see the market going any higher than that today. So there's 10 more minutes, eight more minutes and the market is almost to where we expected.
It could. Maybe go at its best no higher. It would be very, very ironic if a reversal started to take place just around this 10 30 mark, as we've made it almost to our top tick kind of spot for the day. In my opinion, i will say this: the market is very strong here today.
This is probably not going to be an easy short, even if there was one so arguably, probably won't even do that. There's also that a lot of times, i will do a trade just to see if i'm right and the market does what i wanted and then it doesn't really result in a good enough volatility move to profit from easily so like. This is a situation where i'm telling myself yeah, you know, i'm probably right. Marco will probably go up to like basically where i said it would and then it will probably stall out pull back kind of chop around or do something.
But does that really, you know dictate taking a trade? Maybe not so today, just might be a day where you don't actually try to short the top of this, which you probably don't you probably just ride the puppy up all the way to the price i said, and then you're good, even though i cut mine early At 46., but that was also because i didn't have any left on. I started with like five scalped some up at like an eight ten percent gain. Then i wrote two, then i closed another one or whatever, and then you know held some hmm. I'm sorry guys. I'm just i'm just having a good day, i'm just having fun. I got good rest. I got good sleep um and the market's done. What i wanted to do.
Oh market's pulling back knife candle, not the easiest to catch so well. If you bought your one put, you already made some money um, you know and here's the deal right, yeah, i don't. I don't want to. I mean yeah.
So here's the deal if you're short uh this pullback, i would say, track the queues um, because the queues kind of have a statistical trend just below it around 395.50. So it's like, if the queue snapped to 395.50 - arguably 395.25, i would say i would i would to mod the q should probably go through a dip and get bought, which would then probably cause the spy to stop so yeah i mean i, i don't think i Would be short, the spy any further than the price of 467 44 right now and that yeah so 467 44 would be probably my downside target spy short right now. Alongside of that, it would be who's that my house grab the machete um neo neo neo question. Um, maybe um so yeah sorry spy would not rally be anything shorter than 467 444 in that pullback, and i could be wrong about that and then the qs.
I would not be anything more bearish than this price target. Those two trend lines right there, so you're kind of already close. You know you could wait for the next snap down, but that's probably where i would cover off this short. If i were bearish, which i'm not well, i am on this move, but not in terms of uh position, but that's what i would.
I mean yeah where's, that little rat out there hush up kid who brought their who brought their dog to work today. Okay, you have to fire someone around here idiots. You know the rules, don't bring your dog to the office, god idiots, okay, so uh yeah. Here we are once again and uh to police with their canine.
That would be the worst k9. Actually i'll probably be a good candidate, so um yeah that's the deal. I will say, i'm probably pretty much done for the day, because a lot of a lot of what i'm best at is usually looking at the market and then just kind of ride in the flow with the market. Um is usually usually what's best for me.
Well not entirely, but like i was saying before this is generally where i will end up giving money back on the market because most of the moves kind of happen, so now you're just kind of fighting for scraps here and there on some setups. That might take longer, which is fine, um and then some days you'll get some news and some momentum will keep running on something. But you know that's just that's the decision for everybody to make right. I see i got some good monies.
You can keep trading, you can keep not you can sit back, you can learn and do whatever you want um. So, as i said before, spy i think you know at most you just track up to the 469s um. So i think yeah, that's about it. Let me just kind of search around the market and see what else is moved today and we'll just have fun um. So mntv what happened here? Don't let me just a move up. Let me actually attach this guy to that. Guy uh, strn, zack moore's play actually kind of looks like it's going to go through a little bit of a pop there um, but i mean i have to go through a while analysis. Sy excuse me syta um, i mean we did talk about s white.
Remember earlier we said: syta um target 7676. We hit 672 there, so it took a bit right. You hit well actually hit it a couple times. Basically, you kind of popped here on this candle a little bit to 668 pulled back then went so.
Your next breakout will only be through that price, which is which right you can see that um right, so the market. I could make a class out of this all right. We're gon na have fun with this one. Yeah yeah we'll have some fun with this one.
So um this is probably i mean this is how i most we all did you know i'll start trading, which is basically like oh pattern, and this isn't even a good one. But let's just say like some, you know someone somewhere was like oh bull flag. Some like that right, you know what happened so i was like, oh both like all right cool, so someone here was like oh break a pre-market or wait break at a high a day we're going to rip and someone bought that candle. Then they just got dumped and they probably you know, maybe even held it all the way to here and let's delete all this.
Let's just really go through the psychology of the market, while using my strategy right. This is what we're gon na do we're gon na. Do because i already made money, i'm happy, i'm good, i'm not gon na trade anymore today, um yeah, so i'm not training anymore today and we got some guy here working on the house. I forgot that's, who coming so.
I can't machete the dude he's supposed to fix them and if he, if i kill him, then you know who's gon na fix it now and i already paid for it. So that's really dumb you're so can't kill the dude. So machete will have to uh stay down just kidding. It's sarcasm, folks, sarcasm, sarcasm, peace and unity, um.
So we're going to do a little psychology class. This will be a lot of fun syta. So we'll just do like no indicators here. Bbig, really, let's see just had to take a look, really quickly, yeah yeah, that is moving.
You have your break. Let me just look at this really quickly because it is moving. I know some people might be watching and trading it. So i just want to give a little update on it.
Um so bbig you crossed through your half deviation already at sorry one. Second, let me just do the full thing and then i'll then i'll speak or else i'll just be mouthing off stupid stuff, and we don't need that mm-hmm. Yes, yes, it's all making sense. Now i see i have no idea, i really couldn't tell you no! No! No. I see i understand yes. Yes, yes, it's all coming full circle, all right so bbig, just because it's got some momo. We talked about it here. Doing a little breakup couldn't get through some levels we needed - and it's basically kind of doing some of that now, so you had a little inverse head and shoulders down here that just broke up and through the weekly, so we're basically good.
This was a great setup. I know there's some traders out there that are trading this and it's a perfect setup right. So let me show it to you, okay, so this is a weekly. This is a weekly level.
We came to it, it bounced look at where it went. It went to this dotted line, so this dotted line is just know that all of the levels on my chart are important. So, instead of me having to go, oh this just just know they're all important right. So we move to the weekly.
We move to a little less significant of a level we come back down below the weekly now look at what happens: okay below the weekly back to the weekly below the weekly back to the weekly below the weekly above the weekly, that is a inverse head and Shoulders below your weekly statistical level and i'm sure we could draw some trend lines this earlier and get it to break up right. So it breaks the neckline today, okay or if you were buying the dip or buying the breakout, you could even beat the neckline traders. So here's another thing is: you can beat the neckline traders by buying the break of the statistical uh mean here or statistical level, so you have inverse head and shoulders bbig breaks neckline. You could beat neckline traders um a by buying the dip here off the previous shoulder, which is something you can do.
We could debate that or buying the break of the statistical weekly, which is a little less arguably risky, not risky more confirmation, as opposed to buying the dip and also earlier than the neckline traders and before the big breakout. You will then see most of the move flows really easy through this period until it gets to the to the statistical level. So you will see once we break the neckline. Everything up will be very very easy until it gets to a price of about 291.
Okay. So now we go look at the one minute, so you'll see we break the statistical mean and the neckline, and it's pretty much straight up until you see the price of there's 290 there's 292 293, your first statistical level, then you pull back okay. This would be your first big dip on the day, so for most that don't catch the first move, they'll be willing to maybe buy the dip. Okay, that's your first wedge break.
Where does the wedge truly break out? Well, yes, it breaks here and in the dips, but most of your volume look at where the volume is at most of the volume comes in where, when you actually cross through the price of the statistical level, the dotted line, not this high it lines up with This high, but it's the statistical level so when this move stops and pulls back, it will target that breakout. So we could just watch this and see if just just pay attention watch it. Maybe you'll get a little bit of a pullback to 293, maybe not, but i wouldn't be surprised if that does end up happening. So that's kind of what's up with bbig now on uh um, on a very, very big breakout for bbig. You would see prices of this 363 370s four, but in order to do that, you still have to get above previous price action tops which are right here. So, first and foremost, you can't really get to those deviation targets. We want without first surpassing this. So this is the same thing ready you see this inverse head and shoulders and how we run through the dead space or the open space to the next trend.
Okay, that is the same move here right. So if you could see this move, maybe up to here stop and then it tries to create another bigger, inverse head and shoulders which later breaks that but we're talking too much so for now, that's pretty much uh your lesson there. Okay, did that help you guys on bbig? Does that make sense? Did that make everything much more clear for you guys, please, let me know give me some feedback, damn frank lowe, nice baby, all right, we were gon na look at something else. It was syta, so uh yeah we'll do like a little mini lesson here.
Syta, so you know. Sometimes you know you might look and you'll find the move here and you could say like. Oh, this is a flag set up or someone might say that somewhere and they try to trade it up, and then it breaks down right and then you know, as it comes back and just in general right so or like someone's. Looking at this, and i go.