Welcome back to the channel in today's video. We're going to address the the market today. We had a massive sell off and i'm going to be with y'all. Where the market could move on and throughout this entire week.

I'm also going to be sharing with y'all. Some stocks that you should definitely keep on your radar. Alright. Now before we begin again don't forget to annihilate the like button on your way in and also don't forget to click on the subscribe button.

If you are new to the channel. So let's let's get right into it right off the bat alright. So today today um right out the gates. There was a huge sell off right there as you can see um.

It was kind of i don't want to say it was uh. It was bound to happen and the reason. Why is because of this um. If we take a look at we're just gonna go look at the vix right and again for those of you who don't know what the fix is the vix measures volatility it measures fear in the market right so.

When there's a lot of panic. And fear um. The vix rises. And when there is a nice smooth uptrend on all of the all the indices and everything is going fine.

Then the the vix kind of have a fade on the daily chart. But what i really want to show y'all is the davie chart actually no actually no not the daily. The four hour chart yeah there it is all right so why did we have such an aggressive sell off right out the gates. If you look closely again that um reverse head and shoulders is still on the chart.

I thought it would be just with this shoulder. But instead we got all the way down to like 25 dollars as y'all. Can see. If you got that left shoulder.

Right. Here. You got the massive head and then the right shoulder. And then the gap up and then as soon as it gapped up.

It had a little red to green move. Which translates with the mark with the um with the spy. As it greens. A red move right and it held throughout the entire day it held that 26 level and right now it's looking quite um.

It's looking like we're going to sell off again. There's a lot of room up here. I thought we will do so a few days ago. But the market decided to form another structure which kind of led to this move right there right i thought we were i thought we were going to to run um in during during this time period right here.

But instead i kept dragging it out. And i think now now might be the time that it actually goes um. If you look at the let's address. The nasdaq.

All right now an update on the nasdaq um. I drew the the falling wedge on there for y'all. Last week. It's been on there um.

I told y'all about how how sus this breakout was because of the of the way. It actually got out because of the intensity. The volume isn't just it isn't really there right so this disappointment right here the way it kind of rolled over it's it's not looking good and worst case scenario well. I should say best case scenario for bowls is that we just drop right here to retest right before rebounds.

All right which i think is the most likely option worst case scenario is that we don't only retest. But we also break right through and we go all the way down to like all the way below. Eleven thousand and two hundred worst case scenario. So this is something that i am looking for for the short term.

I think it may happen all right even if we remove let's just remove everything there you go now we can have it clean and char. It could happen it could we got that level of resistance right here it rejected at 12 and 200 level right. So the longer it just keeps cooking here. The more likely.

It is to actually break down either like it may break down here right there or it can keep cooking and then break down later this month right here all right. But as of this week. And as of tomorrow. I think i think we dropped to at least 11 500.

I think we do and then will we bounce into wednesday. Maybe all right there's also the cpid that's going to be announced this week. So and i i i think i think the expectation is really really high. But i but what i am anticipating i think that we might see a small drop in the inflation number and then wednesday and thursday might be really bullish.

I think we'll see how we'll see how the overall market looks. Let's give it some time let's wait until wednesday all right um tomorrow. Tomorrow's tuesday. I'm gonna make another video um to update you on how it looks but we'll see so just remain patient.

But as of tomorrow. I definitely think we drop. I think we did right now um. Some stocks that you should be keeping in your washless.

Which would kind of tie things together for those of you who may be new to the markets. We're going to look at amd all right now amd is on a it's on a gradual downtrend along with the overall markets and i think that it's going to continue even lower way way way back. Then for those of you who have been watching the channel right um. There was this bear flag right here on the chart.

It broke down right dropped and then what it did next is a bunch of it pretty much broke below previous levels of support it breaks down right here and then it goes and we test it again right here and then a false breaks through the previous low and then does the same thing again right so. As you can see friday was on friday. Amd hit that resistance of 80 and then they're rejected today and it doesn't look too good for the next few days. I think it's going to drop even further.

I definitely think so again um. Which kind of like aligns with the overall market. And where could the next drop could take us. I think i think to be i think i think it can get to at least 69 maybe even 65.

I think i think he can do it i definitely think so um watch it for a drop and for a break of this previous level just like it has done so in the past until the trend changes um. My opinions is going to stay the same until it magically like does something like this and stays out here. Then we can have a different conversation right. But for now.

It's doing exactly what he has done before right here right here and right here all right so that's that's my thoughts on it another stock that um that i want to address into this video. It's ttd all right now gtb this one also got rejected as well um. If you look closely right here. There is a long term well not that long term.

It's only like a month. Maybe a month and a half a month and a half long trend bearish trend. They got rejected right there all right now the next level to hit is the previous level of resistance. Well the previous level of support obviously right there at 40 bucks.

And i think that it can get there tomorrow right and then again this kind of like aligns with what i was saying with the cpi data. Where the expectation is like super terrible like really really horrifying. But i think that there will be a plot twist. I think that um i think the inflation the last the last inflation number was that was 87.

So this one might be at i would say i'm sure the expectation would be at nine percent. I would assume so i i think that they're going to come out and say that. The inflation number will be at. Exactly.

84. Maybe. 83. And then the market will go crazy.

And there'll be a lot of buy in just for that specific day. I think all right we'll see what happens we'll see what happens. But that's that's just in the back of my mind. It's just um.

It's just an idea we'll see what happens before tomorrow. Watch it watch ttd for a drop all the way down to like these levels alright. So that's my honest thoughts on all of these. Stocks quick updates on a stock that i've mentioned on thursday.

Lulu. Now something that is quite vicious and mean with both flags is that it can do it can do these things. It's very very nasty when it appears it's very annoying right first it plays out well from the first day to the second day and then um obviously other effective stick are should be taken into consideration. Like what the market is like the spy and the nasdaq and um levels of resistance and the volume right so.

It was looking quite good the day after i released that video it opened lower yes. But there was a digital opportunity to the long side from 288 all the way up to 294 right so day traders hopefully i made some money on it but after that just the way a gap down this is just nasty um. It's going to go down. Even further.

I think especially after what i just told you with my explanation right this one failed. It's no longer is it it no longer looks like a clean flag break that's behaving well the stain up here right until 310. It doesn't look like it anymore. And i think there will be more downside to 270 before it starts to go sideways.

We actually took a we took a trade on on costco. We took a trade on costco because it was looking like that all right it had an ascending triangle on there i saw it i liked it right. But this morning. When i saw the vix and i saw the way um.

Like i knew. It was going to be an aggressive sell off at the open like i was very cautious about that and as soon as i realized that costco was about to follow the market and this is what i mean let's go on here right let's look at let's look at costco. So you have to pat it on there so we're going to look at the one minute. Because that's what i was looking at right so it popped up really really quick and then as soon as i saw this right here this hammer followed by this giant candle right there.

I was out of there. This is when i knew that it was just going to follow the market in there like there will be little to no gains to be made on this one. So i immediately left those calls alone and the stock just kept going downwards all right so. Where is this one going to go.

I think. It's just going to stay flat maybe even go a little bit lower all right even. Though. The structure was there and it was clean um.

If you take into consideration everything else right um. Then then you kind of have a different perspective. Again everything that i explained in this video contributes to the decision that i've made with this specific trade all right so that's pretty much the updates and my thoughts on all of these stocks. And i want to share with all of y'all right.

That is the end of the video. Do not forget to annihilate the like button for you to buy with them 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 all notifications that way you don't miss out on future uploads. If you'd like to be part of a private discord community. You can find that as the first link in the description of the video below if you haven't added your social media. Yet you can find me at paul and guma and i've been in knowledge 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 leave some very basic step by step directions in the description of the video below step one to step three. It only takes about 15 minutes or less for you to get set up with all the tools you need to start trading. Immediately. You can also get some free stuff.

Sending up weeble using the third link in the description of the video below once again ladies and gentlemen. My name is pauline duma with technology lab where we trade patterns and patterns. Only and i will see all of you in the next video you.