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Good morning, everybody good morning, ladies and gentlemen, not gon na lie a little tired today, but that's all good. It's all gravy baby, all gravy, it's a good morning, good morning, one second, why are you i don't know why it reset to that all right good morning, good morning, all right so um we will uh. We will start things off with the market. Probably i think, that's probably how we'll do it um wait.
That's spike, yeah! So we'll start things off with the market. All right, we'll talk about downside, then we'll talk about upside and everything else in between maybe we'll go full screen here for now um. So i think the best way i could exp and we'll just we'll just go for it. If you follow, you follow um, so mark it down bounce bounce up down up down up down up down.
In this moment that moment, when i'm circling um, it does appear that there was, like you know, sort of like some sort of inverse head and shoulders pattern failed to break up. So we go down and then we come up all right. So now we're back over! That same white, big white line, so the white line that it bounced didn't bounce and then it broke down we're now above so we're above pull back bounce. So to me this is a break up in a higher low situation.
Um now the market is sort of um, whether they come a reciprocal right, uh it mimics itself, uh sort of so the timeline of this was how much it's about a week, there's about four to five days in here. Arguably three, depending on how you look at it. So if we were to say from this down, move one two, three four five and then the sixth day it broke; okay, so we've gapped up. We are one two three four five is today: six is tomorrow um, so where are we at now? If we kind of add that all up in relation together so after today will be the fifth day, do we break up tomorrow, so is today a pullback day to retest our trending support and create an inverse head and shoulders flag pattern.
So you'll see up pull back to that trend, so i'm gon na zoom in that make it a little easier on you guys. So one second um. Let me delete this one. So are we just seeing an inverse head and shoulders pattern in an uptrending fashion, um that pulls back down to the trend, support which really is going to create a flag inverse head and shoulders and a flag that then breaks up a thought i'm having.
So that is about as minisculed or as detailed as i could probably get things right now. I think so um. If it's not, if the market isn't breaking up today, i would imagine it's probably tomorrow and if it's not tomorrow - and maybe i'm wrong just again, if we're gon na really rip up here, i imagine it's not gon na it won't be very long um. So yeah, that's that thought and then um.
I wouldn't really even be concerned about bearish movement unless two things, the queues, were all the way like once they get below say like this trend line yeah, you might see a more aggressive selling down to here. So it's like, first and foremost to me if we just sell off down to say 396 80s 397-ish on the qs, it's just to pull back to support. In my opinion, if we were to break that, then we're going to start opening a discussion is the bullish movement not so bullish all right, moving over to the spine, oh and then hold on and then of course, on the upside breakout, so clearing this right. So this is resistance with the resistance go through that there's nothing in my opinion, to stop the market until the all-time high, which will be you know, 406 ish area. And then arguably you know once you go through that, then you might see 420 on the queues or something closer. Four four fourteen source sixteens for eu teens um spy next up all right, so the spy i think, might might give a little bit more of a clear picture, it's hard to say for sure. But let's uh: let's look at the um the spy here and then i'll get to reading some comments and questions and things like that all right. So if you're looking at the spy here, the way i see it is obviously we had our downturn in the market.
So we'll just take a trend line splice it down like that, so that was the whatever you want to call it. The last two weeks of the downtrend sort of corrective pullback, whatever all right so you'll see. We crossed that. Obviously we went up to our statistical level um, so uh yeah again the way i read this is we go down we're bouncing and then we break up um and now we might have to look at the forward.
Slash es, i mean i'd basically be doing the same entire thing as i put in that video today, but yeah whatever all right. So, in order to figure out why the market topped where it did pre-market on the spy, you have to look at uh, the futures market. So when you go to the futures market, you'll see the futures market had resistance at about 473 4700. Whatever it is, you know 473 um and then you'll see that the futures market also is pulling down.
But you can see the futures market is basically just pulled back. Do you see that dotted line in there? You might be like? Oh, it's just a support. So it's pulled back to support right there. It's a dotted line.
You know until the market is going below that we're not going to see like an aggressive snap in the market. So that's the support dip right now. This could very well be the last dip. You see before the market rips higher, so that's a possibility as well.
So that's a dip support there on this. The forward slash here, so you can see the white line up here. This is the futures market. That's what was trading uh last night and you know, ended this morning - dictating the movement of the spy and how it's going to open uh.
So you see the spy goes up to 473. The spy also pulls back, probably down towards 470, which i believe i posted in the video earlier this morning. Maybe something like that, so you can see here. 470 is the week 470 40 is the weekly support on the spy. This might be all too confusing, but just know that this is support until you break like these two levels down you're not going to get a big sell-off in the market. Again, you'll probably end up selling down to this and then getting dip bought up. Because again, if you look at the direction of the market we were going down, we broke that downtrend. Now we're going up.
That is a flag, maybe even a higher low right. So i mean we are getting now higher lows on the upside of this move. If it ever frickin works, so you are starting to get up moves. So to me this is a pullback and it's going into support and will only kind of consider it to be a bigger pullback once you're surpassing, say: 470 469 on the spy.
Now all said and done, uh. Basically the way i see it is this is basically it's back at all-time highs. Already um, you know so yeah i mean it's back at all-time highs. So as soon as you get through the all-time high, if you get to the all-time high, in my opinion, you'd be you'd.
You're, probably going to see the market. Oh wait! It's supposed to go to 475.68! That's right! So 475.68 would be my first upside target on the all-time high break with the sp y after you take out 475 60s, then i would be looking up towards 484, 480s. Okay, so um wrap that all into uh something a present. And what do you have? You have a market that can potentially be bullish and breaking out and all-time highs, and if that happens, and everyone's going to be excited and then you're going to see tesla, you know maybe do well in microsoft.
Do well and facebook do well, and all these stocks will probably trade pretty well if the market remains doing well. Yeah. That sounds about right. Okay, awesome, all right, um! I do have to go get coffee in a second.
I heard it beeping, so i know that it's done so there's that but uh, let's see what we got going on here good morning, guys bngo for a swing uh before i just start a panic about omicron uk: don't you think it will be um? I don't. I don't i have never heard, i don't know what omicron is. I don't know what that is. I don't.
I don't listen to news. I listen. I i just sit in my bubble of safety um. I don't.
I don't turn the news on i've never heard of it. So in my opinion, life has been great, i'm living and breathing and i'm healthy, and i love my puppy and my fiance and things are good. I've never felt better, don't know. What's going on out there in that crazy world, but uh things seem oh pretty casual over here i mean man pretty pretty safe uh.
Now this is still standard, deviation still the same stuff but trying to automate. It is all so there's still some things that we have to do with that, but you guys will know when it's we'll we'll this will end up being available to the public too how's. The football game um that is gon na be on is that this weekend, no that's new year's! That's when that's gon na happen, quick, look at tesla, okay, okay, um! So that is the market. Now everything else in between all right. So basically, the way tesla sits is you're not going to have a break up until you're over 1048 and you're not going to have a breakdown until you're below 9. 000. 9. 000..
Well, it might be nine thousand one day uh. So the simplest way that i can say all of this is just you: don't have a breakout until you get basically above you know, 10. 49. 10.
50.. You don't have a breakdown until you get below 965.75 ish right. That's that's the easy way of saying that um yeah yeah, that's pretty much it aside from that. The probabilities are that the market on tesla will trade either to here, or it will trade either to here.
If the market was bearish, it would be easier for tesla to go this way. Okay, um and i got ta say like i'm, not the the whole tussle pattern. In my opinion, it doesn't really look super amazing um. There has been some buyers down here, but i mean well.
That was the first potential you could argue high or low there, so we could be looking at a sort of a short-term momentum shift, maybe um on tesla sure yeah. We might. We might be seeing a short-term momentum shift. Arguably i would imagine that only happens if the market performs well.
So that's another thing too. That was kind of wondering. It's like the market does look great. You know, in my opinion, to some degree, but there's still some stocks out.
There kind of look like like nvidia to me. That doesn't i mean it looks like it's rolling from the top, so it's like. Hopefully that doesn't fall apart, because if it does, i, i would imagine all-time high moves on the market struggle or, like you look at amd, i mean amd, arguably not the world's best setup, but that's what it means. A lot of these stocks are still kind of hanging there.
It would be nice to see amd's semi-semiconductors picking back up some bit. That would really make me feel a little bit more joyful about market conditions. But aside from that i mean you have apple. That's basically smashing all-time highs.
You have microsoft, that's just smashing up still so for what it's worth. We have some things that are moving well, some that are not many that are still down and beaten down that if they picked up would greatly help, you know, run the market up like pay pals and things like that so uh regarding tesla back to tesla. Oops. Sorry yeah so back here to tesla um and the way you read this is up tried to do like a flag pattern here, had a decent breakup here, faded back under so in my opinion, you're kind of back into like a short term downtrend, arguably and you're, Not out of that short term downtrend until the market's back over this 1050., so i would be more optimistically bullish when the markets are back over that level in the short term. Until then, i think i'm kind of neutral for the moment um. This would be sort of a bigger breakdown level for me also a reversal long on the day if it crashed that far. This would also be the reversal top short spot for me. So if the market, someone goes straight up, then this is where i would look for maybe the market to stop on the day and go into a pullback um.
So yeah, those are your probability levels good chance you can trade near and or to and from those today, so again, tesla's, not a main one. On my watch for the day but um, you know what it's worth: oh, but if you're yeah, that makes more sense. Uh trading view script: it's pretty much done it's just about getting it on to our website and everything and online. We don't do news around here exactly exactly exactly what do i think about sgma today, i think you should have been on it yesterday or well.
That's would have been sunday but uh um last week. Obviously sgma was a good one. Um i have like. I said i haven't done much following on.
Like it doesn't matter, um yeah, it was a great move. Um hopes are high right now. I think it's just. I i think personally, no i just i just don't like it.
I know that you're down trending right now, right so you're, making lower lows lower highs, so you're in a downtrend. So you know i couldn't consider that long until it at least starts up trending and until that happens it's down trending, and so i imagine you're going to downtrend or you would continue down trending. Let me do something like this. So um again you're high on the channel so you're pulling back so it makes perfect sense to me um.
You know there's a lot going on here, so you might be slightly confused from that might actually be easier to look like a ten, maybe like a five day, yeah five day, five minute or five day, one minute. Oh, that doesn't work like that. Um yeah! That's weird: hmm anyways. It is higher in the channel um.
So i guess the recommendation is until it starts up trending and you kind of just watch a downtrend nice all right. Let's see oh hold on hold on okay, all right, so it looks like forward slash england. Oil es is not uh. I mean it's doing everything we expected it could do, which is basically sell-off resistance down into lower targets.
So there isn't really anything about this move. That's in my opinion, too, unexpected um, oh man, that does not on the uh, let's say horizontally yeah, so the way i see it is for now we might be just watching a short-term pullback to start the day. Yeah, maybe pull back down to 396. um.
I mean that, would i mean that's where the big demand was here right. We popped up, you held that that's where the big demand shift was anyways. There's also one down there, but you'd have to take out support to do that so yeah. Maybe a move down to the 397s is what the market's thinking to start the day. Oh boy, hey! That's a happy happy monday! Good morning, uh give me one second guys: i'm gon na go grab a coffee, i'll be right back all righty, so yeah looks like we're. Maybe doing that inverse head and shoulders pull back scenario we were talking about. I mean i don't want to speak too soon. There but um oh yeah, right now, that's kind of uh kind of the way it appears.
Let's see so you know here's the other deal is this is fomc week, so you can also toss that into the mix um. So big events coming up. Big news is going to have catalysts this week, um anyways, you get the point. You get the point.
Oh man, i am just tired. Working a lot was up sort of late last night, interesting yeah, i know lcid was getting added to the nasdaq. So there was. I didn't really run through this one, but this was also going to be on the long watch.
You know it was just a long watch wasn't one of my mains, but i know they got added to the nasdaq. That's a play. You can see that the queues are just getting absolutely annihilated right now, so again, you're going to be targeting down on the nasdaq uh. Well, the the futures market to one thousand six, two, eight nine and then the qqq would be.
You know basically yeah three. Nine. Six, eight three three nine seven: oh man, i'm like cold and chilly and all sorts of things all right, guys, uh! So it's it's about that time. You know i just all right tesla's starting down sort of bearish there um so still watching this market trail off closer to that 397s price.
All right! So, there's again that mark it's just pulling right back down to where we kind of were talking about check everything else here, all right. So this is ideally the price point you would want to see. The market start to hold do all right. So again, cues crash.
All the way down, basically to that target so through this price point is where we could see. You know more selling pressure kind of pick up, but as for now you know that was the first downwards target that the market i'm assuming was trying to pick for the day. Okay, so started nibbling on some calls here for the cues, whereas there it is so far market's still kind of holding down we'll see and we didn't quite get to that actual uh. Theoretically, the the first first level there.
So it wouldn't surprise me if we go a little more down all right, so there's a strong buy candle back up there, nice wick on the cues nice. All right calls are working, i'm getting juice baby! Thank you all right so took some profit on some of those calls still holding some locked in some profit. Now, just gon na probably leave some runners there. Uh calls are gon na be at uh.
Mother. Come over here calls her at 28. There 31 now picked up the uh 398 boys figured. We could get back into the money on the 398..
So that's good all right, so we just got back into 398 um. So that's cool. Let me drink my coffee, i'm already. I don't. I don't have to trade anymore. Theoretically, i'm good all right, but the reality of the situation is we do have some plays. We got to look for alright. So now we still got some potential on the downside, though, as i mean spy does kind of look like poop still that dip has to get sucked up, but there's just way more volume to the downside.
So it's probably easier to do that, all right, it might be. We might need to go to the weekly here. That was our first bounce level on the qs. We might arguably need to go to the weekly too, so we'll see still watching by the way close.
Some more of those calls too just just an fyi: oh yeah, bbig's working, really nice yeah bbig, starting to pop pretty good there, um, just an fyi i mean bbig might go all the way to 350. Today. If it takes out 315, i mean once you take out the 315 316 i'd, imagine you'd, probably squeeze up into like 320s, more or less. That would probably make some sense - and maybe it's not today - maybe it's something that happens tomorrow or whatnot, but you know all right cues.
How are those doing um look at the dippy dippy make a rippy ribby. Sorry, i got ta get back to a five day. Let's do five day, one minute, sorry guys, i'm trying to do something. I mean very interesting um.
You know kind of bounce back there from the cues. So the way i see it is that i mean that's interesting, um, another strong dip by there. The spy, on the other hand, still kind of struggling a little bit um. But you know the market could be very close to getting ready to pop a little bit.
We'll see, why did your channel die? I don't know it's a great question. Um qqq's, looking good there. She goes baby. Well, not really, but you know you know all right, so the queues are still kind of just sitting there.
The spy is still kind of just doing its thing, so you know realistically uh we're not seeing like crazy movement from stocks also because the markets are kind of just chilling for right now, qqq's are starting to move pretty. Well, though um i added some microsoft. 350 calls for uh, 3. 12.
17. I think yeah 12 wait. Yeah, 12, 17, microsoft, 350s, um yup, not a lot just a few, just a few, because it's still very early and that's a big move for the market. So i just added a couple just for fun and that's basically anticipating our market does remain, holding up and doesn't completely itself.
So you know what does that make any sense. I would say: uh paypal is moving pretty good. Today, um paypal kinda seems like it's got. A good trend to it, so you might be interested in paypal, arguably the spy, it's like just kind of rolling creeping down a little bit.
Arguably i mean i do have levels on the spy all the way to 465.. I didn't really think we wanted to do that, but maybe we do so. We could see a spy yank on the day, all the way to a low of 465., which would be kind of impressive, but you know sorry just reorganizing some things: um the spy still just kind of looks like a turd okay. So i'm wondering um regarding the spy if we're really going to shift through a lot of this, these levels down to 466 today. I just really do not see that as the outcome for the day, but it really doesn't matter at the end of the day. So again, i think you still keep an eye on paypal too. I kind of just like the way paypal's moving, uh, coinbase, actually kind of has a decent like little move on the bottom. There uh, i mean markets, still are just kind of grinding trailing down, and if the queues come down back to their low a day area and do get below that, we should see kind of a negative shift in the market.
I would imagine i mean markets are still just kind of sitting there down at that bottom. Like i said, if the cues actually go through the low, they should snap and probably go down towards 395.. I mean markets are just hanging on by a thread there and there's the snap through that level. This is where some selling could could pick up: okay, even here's something nice to think about hold on one.
Second, sorry, i'm just playing around of course. So something to think about here is think about that market move down and look at how minimally uh microsoft went down. Microsoft, hardly did anything on the downside during that whole pullback on the qs and the whole pullback on the spy. So i really like the way that that kind of held up and didn't do anything but nonetheless um yeah.
I mean i don't know you know. Um did i hang on to my amc. Um, i closed by the end of the day, but there they are now, and you know, boo, hoo, what a shitty! That's! Okay, it's not a big deal right. These things are gon na happen all the time.
You know it doesn't matter, but you can see why i picked the 22s right. This was not what i was watching today, but if i was watching, i obviously wouldn't put down again um, but you can see right. Those dotted lines on the bottom. That was my max potential target on friday, which arguably was really far away, wasn't thinking.
That was like definitely going to happen. So that's why i only had a couple of those on, but but i made some decent money on them all said and done um. You know, that's kind of the thing is for me when it comes to contracts. It is hard to hold them when the trend starts to change on you, because you know volatility's juiced in and all that stuff, so uh, anyways, um, paypal kind of looking good paypal looks like it's got like almost a bull flag going on uh right now, so That could be of interest in a touristing right, so i'm gon na take a a second to i'm gon na i'm gon na take a second to chill out and just kind of think to myself.
Um i've had a good day so far. I've put in a couple trades that didn't work did work um. I think one of my next moves might be a paypal long. I probably already should have pulled the trigger there. Um i mean it does seem. Let's let me think. No, i don't like it disney's, starting to look a little better. There um a good bounce.
You know good bounce from uh from the end cues or you know the q's or whatever we'll call it. Um. 397. 390, 680s, um so definitely uh.
I just i'm just chilling, i'm just hanging out for right now hanging out. Let me go look at that. Bbi g really quickly because it looks like it did a little spike. Then it came back down.
Uh i mean still looks dece i mean i can't really say it's not, i mean sure it's pulling back, but who gives a? Why don't i have the one day i i took that, oh because i took that off. No wonder why uh paypal still moving pretty spicy, my dudes so little under the water on microsoft right now, but i only took two contracts because 350 is kind of a big move. You know in terms of where it's you know where it's at um. But again you know markets are pulling down, but you know some of these stocks are still holding up pretty decent, so it's like you're, not markets are not pulling stocks down right now, you know is the way it seems bad news on ami yeah i mean there Is some there? Is that news uh? You know, i don't even know what that is.
I've never heard of it actually um so yeah. Here's the deal is single prints on the market, for the for the spy are gon na start down at like 465 areas. Uh, 460 yeah, you know single prints are going to be in like 465 86 areas. Arguably so you know we still might see the spy fade all the way down to like 465..
Once we get there, then we might look for a reversal. Long scalp play um. You know once the cues actually take down this 396.49 you're going to look down into the 395 38 once that happens, if it happens, you'll share the video with your grandma really like to see her. It's been a long time, but no it's it's fun.
You know what i mean, i don't know everything, but you know you do have the fomc meeting coming out this week, all those things jolly things happening so um, you know, maybe markets are just kind of taking a breather waiting for fomc and then seeing what comes Of that day, sorry, let me uh pull up a website here. Uh uh, all right, so the q's just got below that 396.39. So emc the a.m and make a tickler all righty. So again, i'm still just kind of watching this market.
I can't say i'm big bearish at these prices, i'm actually more optimistic that the market might get accumulated here pretty soon and then kind of reverse up on the day. Um, let me see up nine foreign do yeah. I mean we really wanted to see it, maintain that four hour trend that would have been nice. That's that's, ideally what you wanted, but yeah yeah yeah.
I see that 468. yeah. I mean i'm not yeah my one day, one minute we're at yeah. I think we're at point of control. Mother come on dude come on dude come on. Man come on man about to change. My channel come on. Man come on, my dog was in my lawnmower.
While i was hunting and fishing and i had an ice cream cone appreciate that joe thanks for story time bud uh paypal, you know amongst everything, still holding up pretty decent. So it's good fizer. What is squeezy squeezy lemons, make peasy help me out i'll help. You yeah, i mean so again we're right at that level that i was talking about for the q's, so we'll see if this maintains.
If not, we look down to 395.39, the spy is starting to get bought up. Okay, you know so there's that hmm very interesting um yeah, arguably prague's kind of onto like more of a dip, long sort of scenario um, you might be able to see a breakup into the 270s. Arguably i could see that. Oh, what do you know? Coffee is probably cold.
It's okay, but i'm gon na be here back. I got ta warm this puppy up. I will be right back folks, but as of right now, the only thing that i have going on is uh. I'm still in those microsoft calls.
Those are down ten percent. Basically, due to theta um, i snagged some uh. Some q calls back to 400 so pretty much just kind of hanging on to these as long as we're over the 396 and if not, then obviously the next dip will probably be down there. So that's something i'm watching and i'll be right.
Back uh yeah! All right guys back on here, how's everybody doing that diane, i probably do need microsoft. Still chilling disney kind of rolling down this market still struggle struggle to reverse that uh that downtrend, that it's currently in which okay, uh microsoft's starting to move very well there. The the uh, the market's starting to kind of bounce out of that dip a little bit, nothing too crazy. As for right now, yeah but microsoft's starting to move, you know pretty strong out of the pack there.
Those microsoft 350 calls are now up 45 on the day, uh um, so this would be we kind of broke up, so the cues right now we're just kind of retesting their previous one minute, breakout level. So arguably, if they hold here, that would be a great sign. Remember i still have some qqq 400 calls right now on the day, um still have the microsoft uh uh 350s um also scooped up some microsoft, 345s um. So just an fyi.
I think i'm going to relax now, because i've done a good job in the day. You know the more brain power you use the more thoughts you throw into the air, the more confusing. Sometimes things get so i need to just kind of sit back and watch disney, just not working for us today. Paypal still moving a little sluggish, laggy magoo and mind you.
Those 400 q calls right now or just kind of intraday long. Basically, like i don't even call, i mean yeah they're, basically intraday long yolos, for what it's worth you know, so they may or may not work. But you know also. The plan would be on the downside right, um yeah. As i say, the qqq downside plan would just be that if you know it's down through the four hour trend, we might target a bear move to there and then flip back long, the spy. You know it's. You know the spy right now is bouncing back up. Arguably i got ta check that real quick.
I mean so far that dip actually kind of looks somewhat decent, but yeah i mean where am i? Where are those lines at there? They are um even with that little pullback on the cues, microsoft still still maintaining pretty well um, which you know it's good, but all right. Microsoft calls up 41 here, so this is kind of what things look like right now for me, oh, come on get just work, dude all right! So that's what the positions are kind of looking like right now, so i'm just an fyi might i'm going to just because it seems like a logical thing to do. I was going to shave some of those 345s just locking a little bit more money, um still holding some still keeping the 350s on um generally i'll, be day trading a lot of in uh. Well, it depends like if it's the spy or something like that, i might just trade the early expiries, but like something like microsoft.
I think the earliest chain was september to december 17th, so you were gon na have to yeah. So, for example, microsoft's are december 17th. The shumba 17, so it's been a solid day. I just yeah breached the one.
I've reached the thousand mark on the day, so i'm pretty happy about that. Um i mean if the cues take out that level of 396.50. There should be a pretty decent snap to the downside. I would imagine all right, so you got that break we're just talking about now.
You're gon na look down to about 395.36, so amc amc is getting just absolutely demolished right now: um yeah, that's fun um! So, like today's a day we're like you know, i made this great watch list about things that could go long. If things all happen, and today the market just picks our down target, so it's like you know most of that long theories you know, could very well play out in a couple days. It might not play out at all but um. I guess it is what it is, so those calls that i got in are going to get smoked there, but that's okay, because i played the downside there too.
So um. We arguably have a long reversal. Scalp sort of reversal tickle me sideways coming up at 395. 34., all right there goes that down move i'm a little bit should have held my puts longer sally magoo.
Well, i should have held a little more is really the case, but we're moving down nicely we're going to look for that 395.32 uh, yeah, yeah, yeah, yeah! All righty there goes 395 city, nine 395 city, soon to be 395.32, 395, 56, 59, and just do it already, so i can say that and there it is the move down to the white target. What do you know was anybody surprised was it? Was anybody confused here? No, you weren't all righty and because connor is an absolute idiot, he might actually consider a reversal long. The spy though the spy is what's what's the issue. The spy is not on support, so i'm assuming we can take out this level because it just that's the way it feels um. I would say yes, it is, you know. Usually i wake up every day and i just there's this buddha. We have a like one of those good luck, buddhas that sits in my hallway yeah. I just walk by it and just just rub it all over me each day, all right.
So this is where your bigger down move can happen. Uh in the market on the qs is through this price point, which you know. That's that's basically what i assume we watch. We look for mega selling to come in on the qs here.
If that happens, i would imagine we'll take the spy all the way down to like 466. So you know yeah, i mean i'm gon na take a little. I'm gon na take just a tad bit of risk and just see if somehow this market just snaps and just gives in at this weekly level. Typically, i would do like a reversal long here, which is probably what i should be doing, but you know sometimes you want to be an idiot and the buying volume is coming in pretty decent there it just i just don't like the way the spy looks.
So i feel like the spy is going to fall off a cliff and that's going to take out the q level here. No problem. So typically i'd look long here. But if you look at the spy spy looks like someone just literally ran over its dog six times in a row um so but we'll see, maybe i'm wrong.
Oh wait hold on. Let me think if this is the first bounce bite that could cause the that could cause the spy to hold. Now that i think about it, but yeah i mean the spy, does look like someone just ran over its dog six times in a row, so i'm gon na play the down here and anticipate. We break the weekly here on the qs again.
I would typically look long in this level, but it just doesn't really make sense right now. The zero prints on the spy are going to start down at the 466 to 465. So arguably, we could probably just ride the market short on the spy all the way down to 466, when that happens is when the queues are actually going to start their bounce move. So just an fyi exactly exactly what i was saying.
So no, when i buy calls it's going to be office support and when i buy puts it's going to be not necessarily only a break of support, but you get what i mean. Maybe you get what i mean all righty um. So obviously, since the market's not going up could probably just ditch out some of those uh microsoft pieces of right now, all right so covering a little bit of those q puts just to lock some profit right. We snap that weekly.
Now you see how the strong buying volume that just came in that's a good sign. We like that strong buying um. If this market were to reverse here, it would need to a reclaim this weekly um, but still kind of watching that spy, potentially all the way down. Let me just double check make sure that price is still accurate, but you know maybe spill the way down. 466. Ish um, i mean we're kind of close. Arguably so i mean, if there's a dip by area, i mean we're getting there almost dude. Would you just work computer? I mean jeez, oh pete's, my dude.
It's a freaking deal here. Bro bro, all right. Some good buying volume now i'm not trading this, but i do want you guys to look specifically at my chart right now, because this is a perfect time to learn. This is potentially what it looks like when a market is getting ready to reverse.
I don't think it's going to happen here, but sometimes you'll see a lot of selling volume and then it shifts right to buying volume. Now you typically only get that when you're next to a very significant key level right, so just just an fyi, you only typically get that shift in buy volume when you're next or like on a key level. So that's why you saw it there, but remember we broke below it so that bounce up is a re-test. You would need to sustain over that white line to even consider that the market had bottomed there off that weekly, okay, you know so like i always make these watches like.
Oh, if it does this, and it does that you know i for now on. I should literally just make my watches and say the market: will trade to any one of these lines for the day, find the trend and then just trade to those lines? That's absolutely what i should say be much easier on me. Anyways. Oh amc, boy! Oh boy! It's weird so weird something's lacking better baby, just passing through go home so um.
I don't really think we're going to take on that one yeah right now the market is still a little. I mean just just grinding down. I mean my next level down for the queues is 393.27, which i mean yeah. I mean we're getting sort of close to where i could see people wanting to dip by so so i will be watching for the spy in the queue to hopefully i mean i think if the spy is going to bottom, it's going to try to do it At 466.24, so we still might have another little kind of grind down from the market.
Arguably um, but yeah yeah mark is still trying once you clear this uh weekly level, 395. 26 cues, that's where you can actually kind of jump again if that yeah. If that makes sense, but otherwise it's yeah - i mean you're not going to do anything to get above that specific price, all righty, and there is sort of that break back over that weekly trend volume, starting to pick up a little bit we'll see if it's enough To kind of cause anything halfway decent again, you have to maintain over this just because you broke over it. That's nothing! You actually have to maintain over that specific level for it to, you know, amount to anything special and if this is a true reversal right, if the market truly reverses here, we should bounce all the way back to 396.59. Theoretically, just an fyi: if it was a legit reversal, we would bounce all the way back to 396.50, so you see how we're over it. We would like to see some of these one-minute candles sustain there. That would be ideal and if they can't sustain over there, then we could still very well just be looking at a continued downtrend to you know 393.28 or so all right. So you can see instead of sustaining, we reject so market move down.
Take out that low uh remember the single prints on the spy are going to start around 466.25, which arguably might bring this price down to about three. Ninety three thirties there specifically on the q's, so we're not really crazy long bias until we're sustaining over 395 395.22 on the qs just an fyi. I did not get a chance to read the book, a man for all markets. No, i did not going to be 466 37 on the spy.
I believe you i i believe you yeah. The spy is trying to hold this little higher low and if it fails the market probably thins out again just an fyi yeah i mean you can see the the spy just rolled over a little candle again so still walking her down yeah. What? If the cues take out the low of like 394.64, i'm assuming you see a little bit more weakness there, hmm and the market's trying to do this little higher low shin, dig, magu, which arguably just doesn't really seem. Legit i mean the q's are trying to get back over that 395, like 16 395 20 area, and unless they do, there isn't going to be a gigantic pop um.
You know, and this could be setting up for like a bear flag down almost so we'll see. I don't want to call it a bear flag, but like a little snap down, potentially a 393 34, but so far the the spy is kind of holding a higher low working. Well, so yeah those are some more selling weeks selling wix off that weekly in there. Hmm, i mean i'm still just kind of sitting back watching this thing i mean i don't wan na i mean we didn't get all the way to the down target for me on the spy and the spy is definitely looking like it's gon na want to do Like some little pop move there, in my opinion, so um you might get a little little uptick from the market there um, so it's 11 o'clock um looks like we might be trying to do a reversal there at least a short term up move um so another Like the plays that i was looking at stock, wise worked because the market faded out now microsoft worked a little bit.
It's still holding really well so um. Definitely something to be mindful of going forward couple days is going to be that uh is microsoft, yeah, so maybe tomorrow, something like that all right, so the qqq just kind of moved upwards, a pull back to 395 395.29 would be a re-test of the statistical mean Breakout, so if you get a quick down candle here, you could add long for a re-test to try and break the market up a little bit with the spy. Arguably, the spine might be running into a short-term resistance. Soon um, maybe you hold off on it, but i mean that's the only trade i would see on this is and that's the thing is. This is moving kind of slow compared to the spy but anyways you can see. You broke back up through your weekly, so you're, either in the breakout move bought down here somewhere in the dipped or you're waiting for a retest of that weekly to add long into so yeah. What time period yearlies so they're, all everything you're. Looking at on my screen is all year and half year um and soon we might even incorporate monthlies, but i have yet to decide on that.
So, oh, what was i going to look at? I was going to look at. There was something i was going to look at people. What are they gon na? Do? Oh man, i'm tired. Do you see how that the cues just pulled back that was sort of a dip candle? You could have tried to take into um? That would have been a good snag.
I didn't i didn't get that one, but you see that candle there. It didn't even get all the way down to the retest. It just retested this kind of shift point and the previous top. That was an ad dip right.
There to retest this whole kind of break, move um you'd instantly make some money there, but the spy just got to an intraday resistance, which i'm not sure how this actually performs here, um but yeah anyways. Let me take another gander at my screens here. Let me get let me zoom out a little bit and get a bigger picture going on yeah. So what i don't like is that yeah, i just don't like the way the market came back down below the four hour.
If we were gon na be really bullish. We should have maintained the four hour. Instead, we came to the weekly, so that's kind of. If you ask me, that's what i don't like so for me to kind of get back all warm and fuzzy inside we got ta get back over that.
That trend like that, okay, so for us to kind of get back on the whole bull tree, no, i'm still bullish. You know, i think, let me just double check. Something else. Is this pre-market? This is including pre-market data.
So let me take this off. Oh no. I don't want to do that all right, so oh, that's the spine. That's why right um yeah we're still in an uptrending market.
In my opinion, um, you know so it still seems like a you know, by the dip scenario, i really thought the spy was gon na creep down at the 466 day, which it still might you know so that to me it seems like the 466 is around There, on the spy 460 650s 460 630s is, is the low risk dip ad for the day? So if, if we see the markets, if you see the markets, you know pushing down to that price at some point you know that's definitely an area where you consider to be a long bias do not be short, biased. You would only be short biased if somehow you saw like insane selling volume, which you just won't um. I am not in any trades at the moment. I don't think.
Let me just double check. Um yeah, no, i'm not on anything right now. Um good day definitely gave a little bit of money back on a couple. Little random moves, but um all said and done um. You know not bad charts struggling to load there five day, one men all right, so you're back there. Something tells me that this market's gon na still, you know, give you like a little rip down all right. So that's the retest that was the retest of the weekly level, okay, so this is where people are adding long seeing if the market can sustain this weekly level, it's like the queues are at support, but the spy is not and that, what's that's, what makes me Nervous about that long still market's preparing for old, mr bowell old, j pal boy. They call me, mr j pal money, printer magic man.
You said you want to see that vanish got your bag, you're good qqq, tested that 400 level multiple times and not break again. Today, pre-market be selling every test very sure, um, so uh. By the way i am in a small little smidge magoo trade, which is back slightly bearish on the market so, like i said, i still think the queues are going to trickle down. I felt like that was a short-term bounce markets are going to try to roll here.
So um we'll see i i don't know. I just want to see the market on the spy go down to 460, something six. So if that happens, you know we should still see things go lower and then um yeah, that's about it. I want jay powell to take his money printer and print his money.
All over me, baby b, l ooh, we look at you. A blue support is like eight, i don't even know. What is it. Support is like 859.
Through 859, you probably go towards 823., oh righty, then, if the market really gets its old, shake and bake here, ricky bobby um we're probably going to see a 393 39 move on the qs, so i'm preparing i'm already bearish cues. Looking for that move down um, you know how we're talking about all right. If we pull back to the weekly and it holds - and you can add long - i mean you can see it snapped and it just wasn't really holding and the spy is still looking like it. It's second dog got ran over for the day, so it's gon na stay down a little bit on this puppy um, it just kind of depends right.
It depends on what indexes move in a certain way, sometimes i'll. Take spy. Calls over cue calls cue calls over spike calls. It just kind of depends uh.
Where is the trading view guide soon? It's pretty much done we're just in the process of getting it online, so we're hoping that by uh christmas, we'll have at least like some sort of rough draft, not like the system's, not a rough draft but like on the website. If the sales page or of everything on our website or the course because there's because everything that goes on our website always is in a course fashion, so there's always content and educational videos with like whatever coded script or system, so that a you know how to Use it so it's like a script package, video in one, so i might not have every single detail in every single video uploaded by christmas on the system um, but you know the gist of it should be there and available, i'm hoping by christmas time so or Just right in that area by the end of the month, so uh you're, absolutely right. There will be some short covering in the end of the day. So you know the reality is everybody who bought the dip on the spy here or bought the dip on the cues? You know in the event that those bottoms get taken out. Everybody buying those dips will stop out and they'll basically cause the markets to flush. A little bit here so we'll see how that all shapes up all right, so you can see here, there's another one minute: candle back up to the weekly and shot right back down right. So it's like someone is selling off that weekly level for at least for the time being right. Someone sold off that weekly level that spy banger is trying dude.
We are trying uh. We haven't really come up with pricing, but it should be very similar to what we already have um we're not gon na have uh we're not gon na. Have our tos systems competing with trading views, so they're, probably gon na, be the same price that should be 40 bucks 50 bucks, alongside of whatever else, is in the course and it's taken a while for us to get this one down. It took a long time.
Um believe it or not all right there we are at that weekly, but that one minute candle so far is unable to sustain the weekly so still bare. Theoretically, dude just go down. Okay, just just just go. That way! Actually, no go that way, because if you go that way, then it's better, but in the short term you could you could go down all right so that one minute candle is getting bought back up through the weekly uh, but now we're back below so again.
This is how finite you can make things. I always looked at a one minute chart when i first started trading, so it really is weird for me to look at five minutes like when i look at five minutes. I feel out of place, i feel, like i don't know what the hell is going on so like, but i know that i, it would probably be helpful at times to learn to to trust a five-minute chart, but i just i don't know i'm so used to Looking at one minute, it just makes more sense to me, but there is times where, like a one minute chart does trick me up and i look like an absolute idiot because it's so finite, but you know how many members do we have on our team. So it's me it's brandon.
Brandon is arguably, i will say the dude. The dude knows more than i do. I think uh he's a savage, so brandon is kind of our swing trade. Large cap.
Everything in between guy dave is our options. Trading, uh mentor. All right guys, so this is the play. I was in five contracts - short queues up 30 on those plays now so probably going to get ready to.
Well i mean the market's going to go below this low, so i don't have to worry about covering them. I would assume we go below this low, so i can probably get higher than a 30, but you know it's already: whatever you want to do. Take some profit, don't take some profit, be an idiot lose your money. I don't care um, but you know. I think we can slide below that low a little bit, so i'm gon na give it a give it another. You know, maybe five ten minutes see if we take out that low. If not it doesn't even matter. I already have a really great day on the book, so i'm happy um.
So we have a total of it's me. Brandon dave, seven of nine um. You know part um, you know so realistically, there's five of us. You know um trader wise, there's three of us and then everybody else is either coding systems and scripts or part of our, like you know, emails and email teams and things like that.
All right, nice dip there down lower, just absolutely beautiful. Ladies and gentlemen alrighty. So, don't you don't you do it? You stupid son of a gun, you, mother, trucker, you alrighty, so um got my my position reary to close for some green just take out the low. What are you waiting for, probably some dude at wall street to get his position in all right, so i'm going to close 90 of that trade there and close that puppy at about 30 percent.
A little over still got that one contract, you know so that's cool! So we'll see, if that it doesn't even matter, i'm not gon na waste. My time with that dude, i'm just gon na take my money and call it a day go hit some golf balls or something all right. I'm done i'm gon na close out this day. I'm happy, i think i'm gon na go hit.
Golf balls, um work on my golf game. You know, maybe i can become a professional golfer too all this free time that i hope to accumulate in my life.
Man Connor. I've been using your standard deviation daily…The 1yr and the 180day and 1yr 1wk chart….most of the time the 1r 1 wk is not needed…but I've been able to predict the market. I map out premarket….and by 5'00pm it hits the level perfectly most of the time…so far only once it blew passed it when we had a big dip a while back…Thank you! Don't let anyone discourage you…You are doing a great Job. All viewers do at their own risk…you are not responsible. 👍