Everybody welcome back to the channel. In today's video, we're going to address the market once again, especially after what happened today. The market is about to make a crazy move and we're going to explain why, exactly? All right? I'm also going to be doing an updates on the stocks that I've mentioned in the last video and also give you guys one stock that y'all should be keeping in your watches for tomorrow. Thank you! All right? So before I begin again, do not forget to annihilate the like button on your way in.

And also don't forget to click on that subscribe button if you are new to the channel, right? So let's get right into it. Right off the bat the market was. It was a wild day, especially after the CPI report came out. For those of y'all who did not get a chance to see what the results were, here, they are.

Um, it was announced this morning. Again, the expectations for this for the inflation report was at 5.2 percent and it turned out to be. It turned out to be exactly five percent. So the expectations were beat and the market did like it.

At first. The opposite of what I thought would happen or pure today I Thought there would be a bullish engulfing Candle on the daily, but instead we got a bearish engulfing and on The Daily which is not a good sign. All right. So first of all, we got the pop and then we have a sell-off in the morning.

some chop in the middle of the day and another sell-off in the afternoon. I Ended up taking a trade on QQQ and again this is gonna be like a little trade recap if but if you didn't see that trade, if you didn't see the form the structure format in the middle of the day, this is how QQQ was playing out. So first it was the morning drop and then there's the consolidation followed by the structure I See this and I Like this and I immediately put out a warning that I'm watching this thing for a drop and this was at one um uh, 101 10 p.m All right like within. let's see I point this out 110 and then 20 minutes later this thing immediately breaks down all right and this is when I go in for a day trade with these contracts right here and a price Target Again, for those of you who are familiar with the way that I trade, the map is already on there, the plan is on there I know the whole plan before I even take a single trade, the contracts, the ROI and everything all right.

So the plan was for this thing to go all the way down to to this green circle right here to about 312. and let's go back to think or Swim and let's look at QQQ All right and with QQQ the structure was on the five minute. The structure was only five minute and it was right there. so my entry was on in the middle of the skin right here as soon as it broke below 315 and the price Target was at 3 12.

we ended up getting rid of I ended up getting rid of all of my foots right over here right at 2 30 30 minutes before the market closed. Let me show you guys all the way down. So yeah, at exactly 2 30, that's when I sold my puts when I started to get a week on when I started to get weak on like the three minute chart I Thought the ritual was close enough to the Target but so that's why I had to get rid of that of of those contracts for a day trade. Now looking at it big picture again.

As you know, there is a giant bear on the thumbnail meaning that I am bearish for tomorrow and for a very simple reason. for those of you who trade the spy and for those of you who treat Gtq, there is a structure on QQQ and I I like it all right. The structure is on the four hour and it's right here. It's a it's a Bear Flag is it Bear Flag We have a Bear Flag right here followed by the break down right and with the alerts on there you can you you see where my mind is obviously I think that this thing is gonna drop all the way down to right here 307 and I Wouldn't be surprised if it does so if it does so aggressively in the morning though.

So watch the overall market for a massive collapse because of the structure on the charts which looks very, very clean to me. All right. So that's my thoughts on the spy. and QQQ um One stock One stock that I want to share with y'all is Mu All right, let's talk about Mu, So watch this one for tomorrow because the reason why I want to share this one with you is because of this.

There is a resistance line at 65 dollars and it couldn't get above that line once they're short sellers here. Another set of short sellers right here and now it's forming a double top. It's not a good sign and if we see that sell-off tomorrow, this thing could fall all the way down to around 50. eight dollars, Maybe 58.50 All right.

Another reason why I think that it could fall to uh, 58.50 is because of the daily charts. 90 of all gaps get filled at some points in time. All right, ninety percent of all gaps. So there is.

There is this Gap right here that is not fully filled yet. And the Gap is the gap is right here. All right, it's It's from 61 all the way down to 60.36 that hasn't even been filled. Yes, yes, All right.

And then there's this new one right here which hasn't been filled either. So I think before we like break through these levels and go for new highs, the market or this stock specifically I think is going to have to come back and take care of some unfinished business right here. consolidate some more and then maybe later by maybe later by like Friday or by next week. Monday We continue to go five Euro.

All right. There's also that bearish engulfing Candle on the daily right here. So um, watch this one for a potential drop tomorrow. Okay, now in updates Now for those of y'all who were able to watch the last video that I put out um, the stock that I was buying or the contracts on the stock that I was buying that was on coin.

Hey, congrats to anybody who was able to make money on coin again I told y'all the structure was on there and that it was really, really clean and I liked it and I liked it enough to share it with y'all in that video again I Told you guys to watch before it moved all the way up to this circle and it had a good money making opportunity. On that specific day, it opened up higher at around 69 and ran all the way up to 72. So congrats to anybody who chose um, Coin and also congrassed anyone who took Mara because Mara was the other stock that I showed you in that video for a move to 1050, maybe even 11. And this one played out perfectly as well.

What's going to happen with these two stocks? I think I Think they need to chill out, maybe fall a little bit like Mora For example: I think it's gonna go all the way back down to nine dollars, trade sideways a little bits and then later on this week we may see more influx of money in the crypto sector, which could push BTC to that price of 35 000. again, it might be by the end of the week, or maybe by early next week, but that is for another video. So that's my very honest thoughts on all of these stocks. and that is the end of the video.

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