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Good morning, ladies and gentlemen, everybody welcome back to the channel! Thanks again for tuning in. Not going to be a very long video this morning. Going to kind of jump through things pretty quickly because it's really just an ongoing video of all the videos we previously post pretty much, uh, you know, every other day or whatnot. So um, everyone should pretty much have an idea of what we're going to be talking about or are familiar with a few of the things we do point out in this video.

So let's kind of jump into it. So number one: this is the Bear Market All-time high Uh V web So again, this is the volume weighted average price we've been following for the Bear Market Trend And pretty much we've gone on the assumption that we will not see a new bull market until we start to break Above This View app and hold above that. Okay, so this is a very interesting point in the chart. Because we did break above it, we're starting to hold above it all right.

so my narrative will probably start to shift to the bull side in the event we continue holding above this. Okay, now that being said, we've always kind of anticipated we were going to come up and fill this Gap in the market before any sort of new bear Market rollover would occur. So it's interesting because we expect the Gap to get filled. We also would expect that the market must maintain below the V-wap for the bear market to continue if we start to get acceptance over the view app.

The Narrative can shift and ideally we won't be in a Bear Market anymore. But first, before we could go down, we would need to fill the Gap. We almost filled the Gap. We have a little bit more to go and so on and so forth, so we always expected Gap must fill first before Market rolls over simultaneously.

Market must maintain below this Bear Market V-wap for Bear market to continue. Well, the time of the Gap starting to fill the prices creeping over the bear Market B web. So it's kind of interesting because like a catch-22 it's like, well, we're kind of getting over the View app, but we haven't yet filled a gap. so so on so forth.

All right. So pretty much what we're going to be watching over the next couple weeks is, you know, not even the next couple weeks, maybe the next week few days do we fill the Gap and then get back below the View app and essentially filling the Gap and going back below the V web will keep me on the side of the market. It can still roll over all right. In the event we see the market push all the way back to 440 162 area which is the upper distribution or Max pane of the Bear Market.

then I will be convinced that the uh, the Bear Market would be over and we'd be on to a new rally and uptrend. Now many will be saying wow, if you wait for it to go all the way back up to there, that's pretty late. You're right. I mean it really would be pretty late to call a bull market.

you know at that point after being down here simultaneously, you must remember that back when the market was trading here okay, we said it would sell all the way down to 368 which was like right about here, okay somewhere in that area. And then once it got to 368 we said the big dead cat bounce would take place. And so from this price point and we even dipped a little lower, we've rallied really well. So we mentioned from here Market would go to here and then when we got to here, that's when the real dead cat bounce would start.
and so far we've rallied extraordinary. Well, so this bounce in this rally has all been expected. It's more or less. What comes next is what we're trying to determine and this one, um, has, uh you know is is taking is taking a little longer for fruition and and arguably it's it's sort of the unknown.

I Was pretty confident we were going to go down to here and have a dead cat bounce and all because we saw a gigantic transaction in the stock market when we were trading around 450. We saw a price point of 368 on the chart midday, which never happened. so there was sort of a glitch in The Matrix that told us that was going to happen. So really, it had nothing to do with me and skill set and reading a chart for knowing that we would go to here and we'd bounce.

It really happened because there was a glitch in The Matrix And so I was able to see a signal that you know half the pop 90 of the population doesn't see because 90 of the population isn't watching a stock chart every day they're at work, or they're taking care of their kids or cleaning a diaper. or they're cutting the grass and they're not staring at, you know, red and green candlesticks on a chart like a psycho. Okay, and I do. And unfortunately or fortunately for me for for being a psychopath, I was able to see a glitch in The Matrix Last year when we were trading here, there was a price in a transaction that took place at 368..

why on Earth would it be a transaction taking place in the S P 500 368 when we're trading up at 450.? that doesn't make sense, that never happens or it does make sense. And the Market's gonna trade at 368 and that's exactly what happened. And then we had a rally. Okay, so the question really becomes is this a bigger stock market crash or really just this and we're back onto the races.

So um, basically what I'm getting at is all other bear markets, blah blah blah. They all pretty much end once the market gets over the view app and then from there. the next thing they do is they run up to the upper distribution, they have a pullback and then they just continue rallying. So for me to convince me that this isn't just a uh, to convince me that this isn't a false, it'll break up and we're gonna roll back below.

It would have to stay above, rally to the purple and then I'll start to go. Okay, Bear Market's over. Right though we've already been trading up this and watching this long I would be convinced that the bear mark would be over if we can rally all the way to 440 pretty much the upper distribution. because at that point you know we would be squeezing all the shorts.
and arguably who knows, right? But but arguably most of the time when we rally up to the upper distribution after a bear Market move, most of the bull markets take place and continue. Okay, so that's something we're pretty much watching is kind of like the all-time high. uh V Whaps do we go to the upper distribution? do we not? Um, and and so on, so forth. Um and then for the Panic to to take place in the market.

so you know whether or not say the market like Tops here, Whatever. and then it ends up rolling over right. Say the market does do that and it rolls over. You won't see Extreme Panic until you get below this green line so you can have harsh sell off to you know, say here.

And then this is where the market would naturally try to support itself this green line. and then once you go below, if you were to go below that green price point, that's where the cliff die would take place. And then you'd see, um, extreme downtrend Panic take place because this is where all the bullish volume is concentrated in the market. From the lows and this dip and this dip and this dip, it's an average price of there.

So pretty much anyone long from here here here here here here here, average price is right there. So getting below that is where you'd Panic out those buyers and you could see, uh, you know, more selling take place. So um, that's kind of like the long-term narrative right now for us. uh, that we would be we would be watching here.

um and then aside from that, there's a couple short-term things I could go into but not even going to bother. Uh, today I mean I'll say just one thing real quick. Okay, pretty much this all right. Looking at this chart here.

this price point of 416.35 which is going to update a little bit going into the open so we'll call like 4 16.50 416.50 right now is the Buy Signal V web. There's not going to be a big shift in momentum down until you get below that. So for right now, 4 16.50 is a Uh Buy Signal View app support along with the price of 415.35 So pretty much the way I watch this is this is the first support. If that doesn't hold, then we go to the 50.

SMA If the 50 SMA it doesn't hold, then we are for sure bearish. Uh, but anyways, yeah, with that being said, you have to watch that many times. They kind of really understand how that works, but just know that Uh 416 30 is still an area we would buy into. Uh 4 15 42 becomes the change narrative to short-term bearish.

All right guys, take care and have a good one.

By Stock Chat

where the coffee is hot and so is the chat

One thought on “Stock market narrative right now”
  1. Avataaar/Circle Created with python_avatars Randy Stogner says:

    now i can get my trading started
    great info

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