What's going on guys welcome back to your morning market rundown video, we're gon na go through the spy, we're gon na go through the queues, we'll talk a little bit about yesterday and then we'll talk about what's going on here today. So the crazy part is that uh. You know this is market open, uh. This is market closed and that was kind of after hours.

These were our probability levels where we said markets can only be higher if they hold above um. Otherwise, if they stay below can get bearish and on a mega breakdown or a big snap, you can see prices of 474 all the way to here so all said and done by the end of the day we traded our upside probability and then we shifted to Our downside probability so kind of crazy um so this morning, what are we looking at all right? So to put it simply, you will not see a big bearish move on the market. Unless you go below that. Okay, you see a little box.

Well, obviously, they're not blind right so that box, it is true, it's specifically just engulfing this white line and that white line, so the markets will not go bearish big time until they go below that or unless they go below that qqq will not go big bearish Until it goes below this okay again, you will not see a big bearish move in the market. Unless you go below that all right, you will not see a bigger bullish move on the market until the queues get over 404. 50.. If you watch our video from yesterday, i believe no, i don't believe i know 404 50 was a target.

You can see this trend line, see how that trend lines right there. You see how the market falls over and then it does a little hiccup bounce there. That's because this was a probability level and a target for yesterday. So this morning it hasn't changed the level's still there.

So this was our break down, hit support bounce. Unless we go above, we will not get a bigger bullish move so for now, since this morning, since i woke up recommendation to our discord and even some bit of twitter and now youtube - is that this price of 404.50 is your first long target on the day And only, and if only you get above and hold above will we see bigger long bias movements on the day, all right also possible that you don't break 404.50 and we stay trading in maybe even a channel right that that's also possible all right. So just know you will not see bigger bears until below that you will not see bigger bulls until above this best case scenario. Bullish move above this is that that blue line right there - all right - which arguably probably wouldn't even happen today.

If it did go up all right so best case scenario along basically 404.70, all right best case scenario, long on spy, let's call it 479 all right so worst case scenario is market does break down and we go to about 470 on spy, alright, so big market, Snap targets 470. markets consolidate stay in between 404.50 to 398.48 on uh. The the qs markets break out go crazy today, best case scenario: cues 405 spy. Let's call it 479.

all right. How am i going to trade the market well for one? What i'll probably do is could, depending on the strength, could maybe do a short scalp here. So the first attempt of breaking out this resistance, we could do a short scalp against um. That very well could lead us down to retest the weekly, if not break the weekly and then not break the daily, so uh.

The way i'll start today is probably watching markets bullish to at least get to here. If we break above then i'll look for pullbacks to hold above 450 and go long off of if those pullbacks look weak, then we'll look to short down um but yeah i mean that's basically it i mean we're not breaking out till above this, so we can Still go up, hit resistance come down unless we go over, then we'll look for over pullbacks and holy go long. If, for whatever reason, i missed this - and it goes all the way down and we're breaking down this - i won't chase the short down i'll wait for the pullback to retest the weekly and if we can remain below the weekly, then i'll, add short and see. If we can go on a full breakdown uh - and i think that probably covers probably everything for today - alright guys you take care - have a great day.