Guys just want to see if you can hear me okay. Now. I guess looks looks like it works yeah. It's been a while since i've streamed.

But looks like everything's working as it should so that's good um uh. So that's good yeah. So i changed my internet. Believe it or not having a uh slower internet.

Is working so i had a t for a while had fiber internet. And we could just never get streams to work. And we switched internet. And now.

It's it's working for the first attempt so i'm pretty happy about that so um. I guess while i have you guys here since i didn't post a video this morning. I'll give you guys kind of a quick update on what happened. Oh.

Let me pull. This chart down. Real. Quick.

Um. Let me put like this come on cam. It cam. There you go all right so um picking up where we left off yesterday for those of you that watched the morning video um.

I said i was kind of watching the marketer stay long by us the market. I'd be watching the market long bias yesterday. We really didn't get any action to start the day uh. The beginning of the day and then we go into a sell off so yesterday morning.

The recommendation is watch the markets long bias. Because the blue moving average is over the red. What i didn't mention in that video. Um was also look for pullbacks to the 50 sma.

So this is something that i just want you guys to make note of so the next time around a move like this wouldn't necessarily throw you off too much so i'm going to change this time frame really quickly to 90 days three minute chart yeah all right so so this is what i want you guys to uh to make a note of so the move. We had yesterday that big down move really was a it was a pullback obviously and it just in essence retested. The 50 moving average here. So this is kind of like a refresher on the way these moving average and kind of work and so going back to this section here that cross right there where that green arrow is at so you get the cross here right so on that day you get the cross in that day.

We traded up and then it was really just sideways. Okay and then the following day. You actually gap down and sell all the way to the 50 sma and then get bought up and go on your rally. All right so using that same logic into this just past couple day move.

We had right so you get to cross this day. You get a little up mainly sideways previous day. Big gap up sell off back to the 50 sma following day back up. So you know it's it's the concept is when you get these moving averages across you watch the markets.

Bullish right in anticipation. The main trend at least in the immediate is going to be up um and at the same time you use this 50 sma as kind of your larger support level after you get the cross your 10 sma is always kind of like the first like immediate level. You watch for right you get the cross you can see markets trend to the blue 10 sma hold gap up trade sideways break. 10.

That's where you get to pull the 50. So in terms of like the moving average system. Um. Yesterday was a big shake down to the 50 and then bought right back up and and we go on a rally.

So still you're not going to be um swing bearish until. The blue is back below the red. So for the time being really still. Watching the markets up into uh into dips.

If you may yeah. Um yeah. And then from there. I mean.

I guess. If i pull this down once again one second let me do this i'm gonna try and make this a little smaller all right so here's where that 50 sma is at it was located about 381 right so like going into yesterday. I was actually working on my rental property at this time but going into yesterday's afternoon with the market selling off to the 50 sma here. You pretty much would have just said like this is your long bias zone towards.

That 50 sma and then you'll see yesterday the end of the day. We pretty much bottomed right on our statistical probability of the daily chart so this is the daily chart trend that's the weekly. So you can see market here breaks. The weekly sells all the way down to the daily.

Which this is also the 50 sma location 380 134 dip by long first move retraces back to the weekly. You cross the weekly. Then the next move takes you from the weekly up to the next daily and then you break the daily and so on so forth so right now markets are more on the upside and as i touched on was that yesterday yeah sorry as i touched on yesterday. If this kind of flag pattern formation actually were to break up and break out um thinking we would see somewhere around the 402 for right now.

And if we don't get there this week. This is going to recalibrate so we go from 406 to 403 so it's a three dollar calibration. So this will be friday right. What day is that that is 7 21.

All right 7 21. Is thursday. So 7 22. Is friday all right so going into next week friday.

If we don't run out to the mean this week. You could be looking at let's see it goes on three books of four or three would be 400. Yeah so sometime next week. The statistical means probably going to be around 400.

So that would be like the max long target of this kind of setup. I would i would try to even go for if that so yeah yeah. That's uh. I i hope you guys got all that hope that hope that all made sense so really you know i'm on the long side.

Watching markets. Long trading kind of swing long. Little bull moves. And so with the way.

It's set up right now um your support. Level you want to see maintain is. 38327. So this last weekly level that we broke today we just broke up and over today.

Right there you're going to want to maintain that level um going into the next couple. Days because if in the. Event you were to come back below 38327. So here that's where you could start seeing markets sell down to try and tag 375 last thing i want to do is maybe move this to a daily chart there we go yeah so when i move it to this time frame um.

This might make things somewhat slightly easier for you guys to understand and so ideally it's just you know this is your negative 1 trend this is your negative 2 trend you've crossed through the negative two you approach the negative one we've crossed over the negative one do we actually break out and trend to the mean. Which would be right about four and four oh two so yeah. That's uh that's that so anyways. I'm glad.

These streams are kind of kind of actually working here so probably be online doing some streams. A little more frequently now that i know this is actually working uh halfway correctly. So that's good that's good so with that being said i guess i'll see you guys tomorrow morning uh with another updated video and maybe even a stream. So that being said uh take care guys have a good rest of your day.

And i guess the only last little bits. I would talk about going into uh this day would be this let's do that really quickly so we're going to talk about the two most recent breakouts on the market. We're not looking at the big pattern. But uh statistical probabilities all right so the last two breakouts to happen uh the most recent one.

I believe yeah yeah. So the most recent one was on the nasdaq at 294. I don't want fibs. I wanted a little arrow.

There it goes yeah so the most recent breakout was on the nasdaq here at 29421. And then prior to that the. Next most recent would be the spy at 38624. So ideally those would be pullback destinations in the event.

This trend that we're in fail. So. If the immediate uptrend were to fail. And you got some sort of rolling over move your support level or the first level that the market would try to attack would be.

29421. So in short as long as the nasdaq is maintaining over 294. 21. Then the long move is still probably good you really don't even have to worry because as it comes into 294.

21. There would always generally be some sort of attempt to buy there so yeah. That that that right now is kind of more of the support. None of these little dips.

I would be treating as the support for now all right guys everybody uh have a good rest of your day and um actually last question randy would i consider this market movement uh bear market rally uh yeah. I would consider it to be a bear market rally um yeah not yeah yep um. I guess here's another good thing to put it you really yeah you mean yeah. I mean until until.

The spy or any sort of big market index is getting uh acceptance above its long term statistical. Mean. Um. Definitely in in more bearish trends.

Overall. So so yeah i mean that's what i would say too is is and until we can actually get some sort of acceptance above this you're most likely see selling pressure overall all right so everybody.