What's going on guys welcome back to the channel, appreciate you guys tuning in uh, usually i record these videos with zoom which allows me into those little drawing tools on the screen today, i'm using obs uh, so we won't have the drawing tools but uh regardless. Let's get into it so yesterday this was the market strong rally day. The recommendation was to watch the market, mainly long bias back to the 412 to 413 area. Once you got to the 412 413 area, you could look to be like somewhat bearish, and so you can see we have a nice pullback that pullback does not sustain below the negative one weekly, which was the first resistance mark.

Afterwards, we rally up so either way. Main recommendation watch long bias. Then you could do like a little short play. All worked, uh pretty! Well all right so going into today.

You don't have a breakout on the market stock market unless you get over 4, 15 42 to arguably 415. That's where the pre-market top is the reason we're stopping their pre-market is because that's exactly where the statistical probabilities are. So unless you go over 4 15 42 uh, you don't really have a breakout. Your downside destination target right now is about 413.05 to 4, 12.

43. So basically, what that means is this market opens up goes below the pre-market low. You can expect a sell-off that will go into 413 to 4, 12 43 to re-test those probability marks. Okay, looking at the nasdaq, the probability level is at 307.72, so pretty much.

What that means is down to the pre-market lows and below you should see a move that snaps down into uh 307.72, so i'm not really playing for a breakout uh or to the upside or the downside. I'm kind of expecting maybe a range-bound day um, but it doesn't really matter so either way: you're not going to be trading, break out long bias unless you're, actually over this mark and holding below you, wouldn't be trading breakout short bias unless you're actually down below these Levels right here so in the meantime, i might play sort of a short play down into that level. Then maybe look for a bounce out of that level. That's something that i've been considering uh, but that's pretty much it.

I think i don't think i know we're in a range-bound market until we're either below or above these two marks. So, for the time being, the expectation is going to be short market fluctuation in between unless we get out and above or down and below, and then we can look for trending market moves so in the event market actually breaks out, and we rally up today, uh Going into tomorrow for the remainder of the week, however, you want to put it once you break out for 1542 and truly trend out bulls actually win the battle. Your move is expected to go to about 4 20 19, which is this white dotted line right there. So, on a breakout, long scenario that actually plays on and works, we'll target 420 19 and really i don't have a downside destination for right now, because we haven't really broken down.

Well, i mean i already do: okay, fine, so downside destination, which means this whole bullish. Move we saw yesterday in the past couple weeks and blah blah blah. It doesn't work and we roll over and things go bad. Then it'd just basically be back down to the 302 35 on the nasdaq and the 402 uh yeah right there, 402 96 on the spy.

So pretty much below this trend out get destroyed, go down to 402.96, buy failed. This don't hold any trend down. 302.35. Don't think that's going to happen, i'd be more optimistic on watching the long bias move for right now and of course that can change.

But basically here you go below this down to here above this up to here all right um. So with that being said, that's pretty much the video for today. Hopefully, you guys learned a little bit and that helps you guys throughout the day. That being said, i will catch you guys on the next video take care.