What's going on guys good morning, welcome back to your morning video sorry, i'm getting this one out a little bit late to you guys, so we're going to make it pretty quick. So these are 180 a four-hour charts markets have had a good rep. The fed did the fed meeting announcement pretty much 0.25 at the 0.5 basis. Point hike, which is a no-brainer, saw that coming from a mile away hell, i was still in the womb when i saw that one coming so anyways here we go, you guys, remember spy.

Wasn't going to rip until it got over that the nasdaq wasn't going to have a rip rip till it got over that, so we got over that we got over, that we went to a rip rip all right cool. Now you can see the spy has trade. All the way up to a 441 72 price, which is a plus one or sorry, is that negative one, that's negative 1 deviations, but anyways. So this is resistance.

Nasdaq has resistance right there, so current resistance by 44172 current resistance, nasdaq, 34277 okay markets will not and are not going to move much higher until the markets are at least surpassing three four, two seven seven on the nasdaq and then of course, four one or four. Four one: seven two on the spy, so for me, that's gon na be the high for the day, we're not going higher than that and we're not going to go lower than that of the day. So for me, i believe, on this friday the spy will be boxed into this price point on the day from four four one: seven, two to four three, two, two, eight okay. So if you're, like i'm gon na be short well, don't be trying to go down anything lower than four three two two eight in the spine and if you're trying to be long, don't try to be anything longer than four four one.

Seven two on the day, that's my opinion. Take it for what it's worth so another thing you can maybe do is if you're an options trader, you might try to do some sort of iron, condor or box the market in between here and here for the day and burn the premium. That's one play um. So you know obviously iron condor.

You would be insurance insurance. Writing writing stay in between collect the creams all right. So that's one thing you could try and do um you know so for what it's worth we'll see um. I think the main thing to really watch right now for continued long bias.

Movement is if the nasdaq actually gets up and through 340 to 84., if you're getting through 342.84. That's what could start some momentum on the upside today and very well push the spy higher and up closer to the 44172 um. So now we're going to go into say a 20-day one-minute chart we're going to get a little more granular, um and you'll just see a bunch of more levels, which is just you know, just for really the purpose of knowing where all these levels are at during Out the day, so, if you guys want to use it and watch them closer, you can alright. So you can see the three four two: seven seven price is right there, so we can't really get to the ghost wick high of three four four nineteen or the next deviation up until we break that price point, which reminds me to tell you guys that we Did get a ghost wick here on the day on the nasdaq, well spy and then the nasdaq here so qqq right, spy left, ghost wicks ghost wicks.

Those are commonly priced points, the market's going to go to same day next couple days. So this is a magnet price you should expect markets are going to go to whether it be today tomorrow, next couple days, um, it's very, very common, so it doesn't have to do it within three days. It could do it in five days, but you know it happens, usually very very shortly after those have been put in so anyways. That's why i'm saying uh probably going to be top of the market here for the day, probably i think bottom of the market there for the day.

So i'm not going to be trying to trade anything more long by stuff than that won't be anything more bears than that and that's pretty much the story for the day. I hope you guys enjoyed the video. I know it was quick uh, but that being said i'll see in the next one.