What's going on guys welcome back to your morning, video we're gon na run to the spy we're gon na run to the queue um triple q's, so you'll see yesterday, i'd recommend watching for some selling here and watching for some buying here so all said and done Market gets bought up here, runs to this level and breaks through so um. There wasn't a lot of selling here, so my expectation for yesterday um at least the beginning of the day, was that the range would be from this level to this level all right. So we will see all said and done. We kind of make an all day flag pattern here, squeezes up breaks out so after consolidating sideways all day and then breaking out with a lot of momentum, it's not as likely that you would see this hold indefinitely as a resistance, because you know you just had A bunch of people chilling all day, pent up and boom, you know, or you could say somebody knew something about something like say: maybe amd earnings and google earnings and whatever who cares but anyways we go up and uh so you'll see we break this level and We've basically just trended to the next monthly level.

Remember how yesterday i was talking about you know once one level breaks and you go on a full move, it's to the next level and once one level breaks it's a full move to the next level. So um pretty much all we did was that same thing we had broken held, held, held eventually moved up to the next level broke, just ripped off google amd and a few company earnings up and now we're to the monthly level. So markets are obviously moving pretty good yeah. Pretty good can't complain there uh, so markets are uptrending again.

Do remember that we mentioned that yesterday. That markets are in fact uptrending just depends on what scale you're looking at, but the stock market isn't an uptrend. You know from that bottom: we are in an uptrend all right, um, so going into today on the spy you know with google earnings and amd doing so. Well, i don't think you're going to find a lot of people that are willing to take on many bearish bets unless it was off a very extended move.

So i'm feeling like today's just going to probably remain a buy the dip scenario day by the dip, sell. The rip by the dip sell the rip on the way up um, but you know definitely possible. We can see some topping action at some point. So when i look at the spy here um, this is the daily chart, so the daily chart levels just making sure right to there yeah four hour levels right there.

So pretty much. The way i see it is remember how i was saying like yesterday. The market moves in like chunks and in like quadrants, almost so right now. The quadrant for me is like basically here to here right.

That's where we're at. Where anything can happen, it can go up and it can go down, but it's either up to here or down to here, since it moves in a box in a quadrant. That's how i see the market moving up or down. It could only go one of two places where they're going up to 461, today, 460ish or you're, going down back to 4 52-55.

The fact that amd nvidia reported earnings, everything seems good and everyone's headley dim dum it. It just doesn't seem likely, like you're, going to want to bet it down to 450 255 right now, so you know that's where then building a bias and a thesis come into play. So my idea is that when i look at this market on the spy is there's only two places we can go for now, which would be down here to 452.39, which at market open that could update and maybe be closer to 453 or you're, going up to 460., all right now, the only way we can do the 460 is by taking out the monthly, which is right here, which i feel like that's going to happen. So we'll see.

So you see the monthlies right here about 456.90. You take that out successfully with a strong push yeah. Maybe we get up into the 460s um, but if we get to the 460s for the day, i think i might be slightly skeptical might be like maybe we'll slow down in that area or get some sort of pullback um. But again i don't think that i'd be looking for a big top to short here, maybe just a slight pullback on the day, maybe a little more again.

I can't predict anything. I've never traded before um. So i don't even know what i'm doing here but anyways. You know with that all said and done since my dad left his computer on today and i hopped in his office and made a youtube video in my sweatpants.

So i would say you can only get up to 460s through the monthly and if somehow you thought the market was going to go down, you'd be going down to like 450 to 39 right, so only one of two things can happen. 460S. 452S. In my opinion, i think that's pretty much what we're looking at for the day, um i'll think of some other cool stuff to make up and then i'll tell you in a bit all right.

Now we go over to cues all right so now that i'm onto the cues, that story could change a little bit right. So if i were only looking at the spy, that would be the analysis for the bank. But i don't. I look at the cues and this is so i can try to give you as best analysis as possible um.

So now, when we look at the cues well yeah, let's, let's bring this over. So this is the the four hour chart here on the cues. I believe yep. So when you look at this four hour chart this four hour chart tells me one of two things right: the market is in a quadrant.

I don't even i don't want to say like that, but anyways from where i believe markets can be - and this is where we're at this box right. So within this box. There's two price points here and here so we're going to one or two of those today. So i guess i will pick the one on the upside 374.05, so i believe at market open we're going to try and see this market push closer to 374.05 um.

Oh sorry, i made a mistake there um. This is just a four-hour chart. My apologies so um. The markets kind of box is from here to here my apologies.

I did that wrong, so the market's going to go one or two places to start this day, it's either going to pull back into the 370s or we're going to go up to 374.05. Those are kind of the two destinations i have for the day on the qs okay, so if we think the market's more bullish, obviously we would assume we're probably going to try to go to that 374 level right. I feel like i'm being a little too confusing on this video and i almost paused it and restarted there, but i'm just going to keep going um but yeah. Now i feel like i get on here, and i give you guys way too many examples of possibilities, and it's just like i mean at the at the end of the day.

It's like. Basically, you know at the bare bone of it. It's like this. Okay, you see how the market's over these moving averages.

I mean it's pretty much by the dip by the dip by the dip by the by the dip by the dip until this crosses right and then when this crosses. Maybe at that point go okay, we're gon na go down to here and then, when it goes down there, you're basically going into long-term levels, and you can look for dip, buys right. Um dip buys go up. Okay, look for a 374.! Oh! They keep going to 374..

Okay, look for a 378. before you go to 378. What you're going to do, you're, probably going to break out then pull back re-test that breakout then go right, so it's just like. I could sit here all day and just make up scenarios, but the bottom line is just like okay you're over these levels.

When you pull back into them, you first look for support and then, if it looks like and they're not holding, then you may be flip bearers right and then it's like, oh, if you're going to do a top tick short, don't top tick short randomly in the Chart wait till you get to a level okay. So it's like you know whatever you want to do right. Do you want to do bottom, bounce, reversals? Okay! Do it off this level? You want to do bottom. Bounce reversal.

Okay, try it around that level! You want to be a trend: trader, okay, well, moving average crosses, you know: nibble dip, nibble, dip, nibble dip, nibble, some dips dip tips it. You know, and you have to trust something and find a system. You like um yeah. I love you guys.

I love him. So uh yeah markets aren't easy, but you got to find something that you like um. So for me, i'm just going to just. I think we're just going to watch the markets continuing to go a little long by us.

370 405 on the qs does not surprise me one bit um the spy, whatever prices i said earlier, won't surprise me um yeah, i mean the spy is going to hit the monthly level i mean to me. I want to say it's a guarantee, but you know you look like a fool and you guarantee some in the mark and it doesn't happen. Beanie feeny, who said that no one said that that was some dumb ass on youtube, anyways. So yeah you look for a 47 457 push and take you up in the 460s.

That would be cool. I think i think that's one of the best outcomes for the day um and then you know, after that it would be a 469 57 on the spy. So if we're thinking that the spy can revert back to the mean um, which a lot of times they can we'd be looking up to there, but for now, let's just take it one step at a time: 461 spy wouldn't be bad. That seems logical um.

I definitely wanted the world of probabilities. I'd say, um see, look it's already popping right. You know it's like. I think it's already gon na yeah tickle you up a little bit.

Maybe all right guys. You have a good rest of your day.