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0:00 Intro and Topics
0:40 SP500 and Nasdaq Sold off because of THIS
2:57 Stock Trading Recap
6:00 AAPL Stock
7:30 ALGM Stock
9:00 TSLA Stock Update
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In today's video, we're going to address the overall: Market Once again, there was a massive sell-off today and I'm going to explain to you exactly why the Market's sold off. I'm going to explain to you exactly what's going to happen within the next few days to get you ready. and I'm going to be sharing with y'all some stocks as well to keep in your watch list for the next few days. All right! Joe Now before we 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 so let's get right into it right off the bat. All right. So yesterday yesterday the market did something that I did not. I I Expected a pop to at least these ranges right here.

Let me pull up. let me pull up the NASDAQ again. We're gonna go to the NASDAQ because it's easier, all right, and it's just it's just moving. it's moving the way I explained to you within the last videos.

So on this day which was the 14th, the 14th was yesterday. Wednesday Yeah, So on this day I told y'all that we may get a a kind of a retest of like this range before we roll over today. All right. Um, it didn't quite get as high.

It didn't get to like 12 155 before pulling back which is what I expected. All right, But the move came very very soon. Um, the the um the FED decided to increase interest rates by 0.5 percent and that is very, very bearish News: The market didn't like it. There was a whipsaw right here and today massive gapped out.

Now how could you have made money off of this? well? Number one I told y'all that we would roll over. but number two, there was some Clues on these charts. All right. I didn't touch anything, the massive bear flag is still there and we're moving closer to that red box at the bottom.

All right. Again, nothing has been touched on this one. so this move is very expected. so tomorrow it might pull it off.

Tomorrow it might pull it off all right. if not tomorrow. If the market decides to stall the ball, then the big move the next big move could be on. Wednesday All right, but I wouldn't be surprised if you saw it tomorrow now.

I Wanted to say something about how could you have seen this? Well, it's very, very simple. like looking at the other stocks. I'm gonna go over to the Tres DeVito just to show you the opportunities that were there. All right.

First and foremost again this was this was yesterday as I said I didn't expect that drop at Um during the Fomc meeting I took a day trade on Apple All right and the entry was good. The entry was perfect. as you can see the chart was there I I might have been reaching not the not the cleanest of the cleanest, but it was clean enough for me to get in at the breakout at around like at around Um 146 looking for the move all the way up to like 147, maybe 147 50 right? So the contracts were up a little bit and they were going and they were going. They went from 175 all the way up to around 210 by the time the meeting was showed up and as soon as as soon as the Um the Fomc meeting happened I had to get out like one minute afterwards, especially because it broke right through my stop loss at 145.
So I had to immediately get out of there and I took a little loss about a 30 loss on that one which which is fine but looking at it right now looking at the way the stock is at the moment in the morning a formed this structure right over here right there, a descending triangle which we were able to actually catch and make some money off of. All right as you can see. So I got in with puts a little late like 30 minutes late, maybe 25 minutes late but the goal was to hold it all the way until 1 36. eventually it got there but I took this I took I got out early I got out early I took some profits off of that one because I saw Amazon All right I saw Amazon looking at the same time and I thought that Amazon could move lower a lot faster than Apple which which it definitely did.

Somebody bought so I got out of apple and then I moved money to Amazon for the drop all the way down to 87 40-ish All right and as you can see, it just kept dropping. It kept dropping slowly, it just kept dropping and then I ended up getting out. This was around this was a 50-minute trade. I ended up getting out when it got really really close to that Circle Um, I didn't wait all the way until it got until like 87 and 40 cents.

I got out right when I got to right after it hits 87.53 That's when I was I was out of all of those puts all right. now. where is Apple going to go next? It got to 136 already. Some people still held, some people may have sold or replaced it, but either way, the whole Market collapsed.

Now is this thing done yet? I I don't think so. like I Really? don't think so I really, really, really don't think so. And here here's why: Looking at a big picture as y'all can see, like the structure that I just showed you intraday that descending triangle. I See it right now on a daily like it's there.

It's massive and it's very hard to unsee after. I Do this right. Y'all see what I'm doing. Y'all see it, so it's very, very hard to unsee it.

once you see it. So um, is it? Is it out of the woods just yet? I Think it's gonna be very, very vulnerable tomorrow. especially if especially especially if it cracks below 136. especially if it does that.

So keep keep your eyes out for that tomorrow again. I Said it make the market May stall because of today's massive move. Like we may see a doji tomorrow. Like this, where the market goes absolutely nowhere.

Maybe we even see a bounce all the way up to like 138 before Monday It stays. It drops a little bit lower at 137 and potentially goes even lower right so that that might happen All right. The same thing applies for Amazon All right now. the stock that y'all should be keeping in your watch is apart from Apple Apart from Apple that stock is A L G F All right now.
A-l-g-m It had its moments all right. It broke out and it ran all the way to the 30s from the lows of the of the lows of 20 right? So it had a 50 move and right now it's looking kind of fragile and it looks like he wants to retest that previous level right here at 26.. definitely keep your eyes on this one for a drop. It left some gaps as it went up, especially the one that is right over here, right? Especially that one.

So definitely keep your eyes out for that potential drop. Now let me do an updates on a stock that I've mentioned in the last video that stock is Tesla Tesla did something really, really weird today. um I told y'all that 150-ish was at least the lows where I expected some type of bounce so a gap down and a move completely opposite to everything else. like this fire was collapsing.

the Dow Jones was collapsing. The majority of tech stocks were Hong Kong absent on my watch list and Tesla was the literally the only one in my watch list that was green which may have I mean from from what I told y'all in the last video is doing exactly what I told you it would, which is to consolidate at these previous levels. maybe maybe even go up here to like the 165 before rolling over again, especially if the market tends to be slow and to stall right? Especially if that happens, then Tesla about just chop some more before this drop right here happens next week. All right, it's not done yet.

Looking at it from the from the daily, it looks terrible, right? it's it looks. it looks really really bad. Like all levels of resistance are being shattered, right? so it might just wait until the 9 SMA catches up before going lower. it's not looking good.

The weekly also looks terrible. Yeah, the weekly also looks bad. So long term I would? yeah, long term within the next few weeks I'm still bearish until it shows some signs of a reversal. All right, so that's not very honest thoughts on all of these stocks.

and that is the end of the video. Again, do not forget to annihilate the like button for YouTube As always helps the channel a lot and allows more people to get this knowledge as well. Also, if you are new to the channel and you haven't done so already, definitely click on subscribe and click on the notification Bell along with notifications. That way you don't miss out on future uploads if you'd like to be part of a private.

Discord Community We can get all of this information in real time as I see them. You can find that as the first link in the description of the video below. If you haven't had any social media, you can find me at Paul and Gooma at Pananology Lab on Instagram and on Twitter. And lastly, if all of this is brand new to you, if you're interested in getting started in the stock market, there's some basic step-by-step directions in the description of the video below.
Step one to step three. loan takes about 10-15 minutes for each. Have all the tools you need to start trading immediately. You can also get some free stocks after setting up with Weeble using the third leg in the description of the video below.

What's good ladies, gentlemen, my name is Lab where we trade patterns and patterns only and I will see all of you in the next video.

By Stock Chat

where the coffee is hot and so is the chat

4 thoughts on “The market is about to go insane”
  1. Avataaar/Circle Created with python_avatars Eric Agyemang says:

    Keep it coming paul

  2. Avataaar/Circle Created with python_avatars Old Lion says:

    Even Apple is going to get close to 100 by next year some time. This market is just going to keep dropping slowly for a long time.

  3. Avataaar/Circle Created with python_avatars Seth Aldrich says:

    Tesla was just shorts covering after huge drop. We might have a little squeeze today before big drop next week.

  4. Avataaar/Circle Created with python_avatars yasin badıllı says:

    PRIMAL COİN 💪💪🔥🔥

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