Good morning, guys, thanks again for tuning in sorry, i haven't gotten these videos out earlier to you guys, past couple days, i've been doing a full remodel on one of my rental properties, so i've been a little more tired than usual and taking that time to rest Up and i get some extra sleep these days - uh for example - i was there working yesterday from about 11 to like eight, you know, and so most of the work i'm doing myself. So just myself alone, i've torn up uh, four or five floors toward a bathroom pulled off all the trim and baseboard. I have sanded and refinished or sorry. I sanded two rooms, mudded two rooms and plenty more to go, so they need a little extra rest.

So with that being said, let's take a look at this market: you're not going to be swing short bearish trend. Until this blue line crosses this red line, you can get a bearish move all the way down to here. That can totally happen, but until the blue crosses the red, we're not going to expect that we're on a swing short bearish move. Okay, right! When this market had the blue cross up over the red, we were into a bullish move blew over the red we're into a bullish move when the blue crosses the red bearish.

Okay. Now, let's go look at these charts here, so this is the nasdaq all right ready watch this. So this is the nasdaq. The nasdaq had the negative one weekly support down here at say: 307.

45. All right! That's the reason that the spy kind of bounced this morning where it bounced ready so one second loading. So when you look at the spy you'll see that the spy was bouncing here, but there was no support. Well, if you use the mark the way we look at so right, we see a bounce, see a bounce, no support here, as defined by statistical levels.

But then you look at the nasdaq and the nasdaq you can see has a negative one weekly there, and this has moved a little bit since the open. But the negative one weekly level here. Nasdaq is what created the markets pre-market bounce on the nasdaq and the spy. You will not see any bullish movement on this day unless the nasdaq gets back over this level.

307. 41, that is the current closest statistical level that the bulls would have to reclaim to see any sort of bullsh movement on the day, all right so for now, you're bearish this market on an intraday scale until the market gets over this level. If you're over this level, you'd switch bias to maybe being long other than that you're just bearish on this day now the market in terms of being bearish theoretically, can fall all the way down to 299 to arguably 402 41 on the spy. So again, on a bad bearish trend day down the markets could go all the way to 299.71 and all the way down to 402.41 you're not going to be bullish, or you won't be bullish unless the nasdaq actually reclaims the price of the 307.39.

If it reclaims the price of the 307 39 and it goes on a bullish move back up on the day, then you'd be targeting 3 11., but for now we've had a really really strong extension the past couple days. So arguably, we maybe need a little bit of a relaxed day. I didn't think we would fall all the way down to 299.71 or to 402.41, but again it doesn't really matter what i think or don't think is going to happen. The only thing that really has happened as we've broken support and we're staying below it so for right now that is your intraday, immediate resistance.

So if, in the event market gives you a little push back up, you'd expect sellers will come in off of here and if they're not strong enough, then you break over it. But nonetheless, your price targets on the downside, i would say max - would be 299.71 to 402.41 and then your price targets on the upside would either be 3. 10, 93, 3, 13, 14, 3, 15, 87, nasdaq, all the way to the 418s. Another thing i should mention is: if you look at the spy you can see, we got up to 417.

all right, i don't really think um. Anybody should be too much more bullish on this market. I think it is probably time uh, maybe not - maybe not entirely, but let me show it to you on this view. All right, you can't be more bullish, this market on the spy until it clears this.

You see these yellow lines. These are the negative one. Weekly trends right so until you're through this there's not going to be another bullish move and in the event the market gets up to here, you definitely are going to want to be bearish. In my opinion, if you're to get up to the 430s 433s 434s you're going to want to be bearish - and let me explain why is because to me, i think we're going to be in a long extended bear market, and if we are then this right here.

This white line is the long term statistical mean. So if what everyone is saying is true and we're going to go to a bear, market and interest rates are going up and quantitative tightening is coming and yada yada markets are going to remain trending down. Then you would expect that we would start getting acceptance below the mean, as opposed to above the mean. Okay, you get acceptance above the mean a lot of times when you're extremely bullish, and if you're bearish you'll get acceptance below the mean the mean is the norm.

All right, so, if this line right here is the mean and we're going to go into a bear market, we would ex we would expect to get acceptance below the mean. As we have been right, you can see we stop stop top down down. So if we're going to go into a long sunday bear market, i would expect acceptance will happen below the mean which for me would suggest that this bullish, mover and shouldn't really go much higher than that 432 level. And for now you can be bearish off this weekly level, because it's a guarantee, you don't go higher until you're through that right and everyone that does not use statistical averages.

They're gon na do something like this. Okay, let me remove those they're gon na go. Okay market has a red day here, so we're gon na. We we break out over that candle right, they'll go okay, this is the daily chart and if we're gon na go higher, we have to break out over that candle totally true, and then this is the way that i looked at it all right.

So everyone say: okay break out over the daily candle, whereas i would go okay. The breakout is going to be over the negative one and this trend here. So when we zoom in right and go to a five day, five minute, all right, a lot of people would say: okay breakouts over the daily candle, which was like right here all right and you can see that's where the negative one weekly trend is, and it Updates a little bit so it's the negative one weekly trend that created the top and this red day for the market. So that's the difference right between how a lot of people might look at the markets and the way that i do and i'm not going to say that mine's necessarily better um.

But this is how you know. Most people may may look at the market they're going to go okay, the market's doing well. The spy is up all right, so the next long move is going to be over the high of these red candles right. But why did that red candle even happen there? What determined the red candle? Yes, they were selling pressure sure, but why did it happen? The reason that this daily candle stops here and this red candle is happening here is because you have the statistical probabilities that exist right there.

So until you get over those, you can't go higher and that's why the top of that market has been created there, at least in this immediate time frame. So with that being said, um on a nice bullish move, i suspect you're gon na uh see uh prices of like 430 on the spy once we get up to 430s for 40s. Arguably, wherever these zero weekly trends are zero, six months trends, uh, that's where i expect we're going to see some attempt to keep the market back down. So with that being said, i'll see you guys on the next video everybody take care.