Good morning, ladies and gentlemen, i've actually been trying to make this video for 40 minutes and i just basically keep redoing it because i keep rambling on but um. Let's try to be simple all right. The reason the market is having resistance, where it's having resistance. The reason your stocks are having resistance is because the spy hit a monthly resistance.

Hence why you see the top there in the queues. The reason your stocks and the s p just went through like a little dippy dippy a couple times there and kind of popped is because the queues have yet to retest their recent monthly breakout, so they broke the monthly they pulled back shot it here pushed higher. This is when the spy hit monthly resistance right there, pink pulled back and so you're still pulling back and haven't really tested that monthly breakout on the nasdaq. All these levels that you're seeing happen are really based off of the futures market as well, but again, i've already tried to make this video multiple times.

We're not going to do all that. So what do you want to do all right? Well, to be honest, i can't really say i'm excited about today. I'm never excited about a day that the fed actually talks in regards to trading um. So i will say this on days like today.

I do try to be just smarter. That's it not more cautious, not i'm going to wait a little bit and i'm going to get a little pulley to this, and if it does a little confirmation, ricky gutierrez macd thingy. No, i don't do that. Okay, i just try to trade smarter, put myself in more risk.

Favorable areas, maybe take some profit a little bit quicker if the market looks like and it's trading annoyingly right. So if you're getting that vibe just know, there's some other dude like me and his sweatpants chilling in his house with his dog on his floor right next to him going honestly, i don't even think i'm gon na screw around with this. So just know if you're not feeling the vibe today, because shit's all weird and it's a fed day then just stop around because there's even people like me that aren't doing it right right, there's even my partner brandon will probably be chilling a little bit today. So it's a fed day if it's weird, if it's annoying, if you don't got the right vibe in the market, dude, just don't even press the don't press the button go, do something else.

I don't care right, but just being able to comprehend that when it's happening is what's important, so that's what i was trying to say by trading smarter today really really really use the logical guy inside of your head today. Okay, i'm speaking to myself too, because i've had plenty of days where it's a fed day and i do dumb trades for no reason. So, i'm even speaking to myself a little bit here. Okay, i've been there before it's just not it's sometimes not worth it.

So, in the event things get really dumb. Today, you don't need to hit a button. I will literally be back here tomorrow to say the same thing to you: okay, so let's see how we could maybe auction today's market. So for one um, i know we can't be bullish.

The market or see bullish moves until the spy breaks that so we've already hit resistance right. So we already know we're on a top and unless we're breaking above that and sustaining nothing's going to happen on the bull side really. Okay, and we know that for now we have monthly support on the nasdaq down at about 349.74. So if i want to try to break this market out, i think i'm at least going to wait for the nasdaq, maybe pull down a little more and at least tag the monthly and see what sort of a buying we get off the monthly okay.

So i think the way i'm going to auction today's market is um dip, longs off the monthly trying to break the spy there um on the top. That would probably be like the early morning trade and then after whatever happens there settles, then we can debate on something new, but i think realistically, the only way i could see myself trading this market is i i can't be short biased right now. Just doesn't feel right um, so i don't think i'm gon na try to do any bearish bets. If we go bearish i'll, let the bears do what they want to do and then they can feel me coming later.

That sounds just so wrong. Ugh, but yeah. No anyways so yeah, maybe some dip longs here, take out 440 77s at some point: uh max upside destinations. 447.

444. 89.. Uh. 356 is 358..

So that's what i mean as if this market really goes long. We break the spy and things rip. I mean i'll. Probably look somewhere on the queues up to 358, 356 right now to 444 49, but again it's a fed day.

So take everything. I said with a little bit of a grain of salt, we'll see how this day shakes up i'll, probably do a little bit of a video later uh for you guys as well so have a great morning. Sorry, if things weren't as detailed as possible, but even today is a day where i'm looking at things kind of like so for what it's worth hope it helps one way or the other.