Everybody welcome back to the channel. The stock market went absolutely crazy. Today in today's video we're going to discuss whether this little rally that we experience is going to continue within the next few days. I'm also going to be sharing with you all some stocks that you should be watching all right and, along with some, some updates on several stocks now before we begin do not forget to annihilate like button on your way in here right.

So, let's, let's get right into it, so we got the spy over here and, as you can see, a massive move from monday stretching into today, and then we actually know this is tuesday, or this is monday. This is tuesday. Yeah tuesday is stretching into wednesday. Today, all right now will this move continue higher.

I personally think that it can and i'm going to explain this thing on from this perspective. So, first and foremost the spy we're going to look at the nice tag like right after this, but the spy at first was looking bearish. We were bearish throughout the whole of last week right throughout all of last week, and i even like draw that little game plan for y'all and if you look at this perspective right a lot of bears. Even i i was anticipating a sell-off going from monday into tuesday.

It actually started at exactly like at midnight and then at 4 00. Am this turned into a trap overnight? So this right there was kind of like it's disappointing for the shorts to see it looks like a bear trap, because it is the bear trap now into the open on tuesday. It didn't collapse. It got right back into the to the triangle and just kept consolidating and kind of set it up for this massive squeeze that we experienced today.

Is this thing going to continue if it opens higher? I think it will. I think the next level to see here will be exactly 4 500 by monday. I think, because this trap and all of the shorts who are who are caught in here are contributing to the massive push now, if we're gon na we're gon na look at the uh, the nasdaq and look how that game plan turned out. So this is the nasdaq and it was doing really really well until tuesday.

So monday we had a drop right, but on tuesday it couldn't quite get to 12 57. So what i'm thinking about the nasdaq is that we go retest that upper line at 14 222 and then maybe even go a little bit higher towards 14.5 before we start like before the market starts to chill out. So that's my honest thoughts on the overall market. Um, the reaction to the uh to the rate hikes turned out to be positive, and so far this bearish trend is no more all right right now, we're just we're just taking the day by day and just again trade.

What's in the front of you, trade, what's in the front of you right now, the first stock that you should be keeping in your watch list, that stock is twitter right now, twitter. The reason why i want to share this one with y'all is for a very simple reason: number one is massively undervalued right. Uh. It's been still enough for quite some time since the highs of 80 bucks and right now it's at 35 and next.

If we look closely first, there is that morning star right here. Let me make it really big all right this right there, the red, followed by this. This inverted hammer followed by this. This is the morning star and if you go on to the four hour and then we look from over here, you can see that there is.

Let me just get that out of the way, because it's in the way there is a bullish pennant that actually broke out on tuesday. Well, it was about to break out on tuesday and then kept running today, all right it kept running and right now it looks like it wants to go all the way up to 38, at least because there is these individuals right there. There are these individuals who i'm sure would like a second chance to get out of that trade. So if there is a pop, which i think there will be they're going to use that to like get out and then there will be um a seller following that move all right, so watch twitter for a move all the way up towards like 40 bucks 39.

At first all right if it stays clean, so that's that's pretty much what i'm seeing for this stock now again, since we had this massive rally, i don't want to be too overly bullish and show you all a bunch of bullish setups. So this is one for the bowls. Now i'm going to share with y'all one for the bears now one for the bears that one is amr a bubble all right now this one is a classic bubble. It went.

It went quite vertical, very, very, very quickly, as you can see right here, a tremendous year for the stock, but right now it's just looking weak. We were looking at it since last week and i told some people to show it and some people definitely did. I told them to show it on friday right there, especially after that hanging man pattern on the jar and for those of you who have no clue what the hanging man pattern is. Let me show you there, it is there, it is all right.

So this was the 11 right here all right. So this is the pattern, and this is usually what the outcome is all right. So a lot of money to be made on here, but it's not over. Yet it's ready for round two and the reason why the other reason why i see that is because if you go into the let's go into the five minute there you go yeah.

If you go into the five minute, you can clearly see that there is a bearish pennant on here right. This right on here is very, very, very clean, and the stock itself is not even moving with the overall market. So, regardless of what happens, whether it's bullish or bearish, this one, i think gravity - is still going to take its toll on the stock. So definitely wash this one for a potential drop.

It might take one day. It might take two days like it might take tomorrow and friday to get really really low, probably towards around 80 87 at first now, if there's some terrible news with the company, like let's say like to do a price offering or a secondary, offering like some stock Delusion stuff, i think it's going to drop even further, like we have seen this before and uh yeah. That's what i want to share this one with um to you guys, so that y'all can keep it on your watch list, one for the bowls and one for the bears all right now, um. Let's do some updates.

I've talked about somebody actually asked about qualcomm. Now qualcomm was one that i've mentioned for a long time, like i mentioned this one a long time ago for the drop all the way down to the all the way down for this gap fill down here. As you see at 138 now it took a sweet time to get there. It was quite annoying all right, very, very, very annoying it just kept chopping down here and then it showed a falling three method and then on monday it eventually collapsed and then the gap did not like it looked like it got filled.

But in order for it to be fully like fully filled, the stock has to get down to like 137 and then bounce. So it looks good for now like there is a pin bar at the bottom. The combination of this candle right there with this green one and also like the hammer that goes right below where the width goes right below um, the previous red candle. This is called a pin bar all right and the follow-through is is bullish and there should be another green candle following that, at least for maybe half of the day and then what happens on friday.

I i'm not. I don't know i don't know, but this is set enough for a bounce again. Eventually, that gap is going to get fully filled eventually so short term. There may be some some more momentum up, but maybe the week that follows, after the maybe 18th little shaky, all right so just be very, very careful, um and again keep your eyes on trade.

What's in the front of you, that's what i'm going to say. Don't don't make any assumptions and don't try to do too much either right when the market gets choppy. It's it's. It's good to just focus on like one or two clean plays at a time all right.

It will help you go a very long way now. The next one that we're going to talk about in today's video and the last one that last one is uh sofi all right now sofi was a stock that i've talked about. Before i told you, i think it was like i thought two weeks ago when it was up here at ten dollars to watch it for a drop to, i said i said, probably six dollars, but definitely eight dollars. We got to eight dollars.

It went to 7.45. Is this thing done yet? Is this thing good for a reversal to the upside for the long-term investors out there who are looking to get in slowly um? It's it's! It's not gon na go down too much farther like again. Six dollars is still is still on. The table like it's still there like the week after the 18th.

We could see it so just just keep that in mind, but it's not a good price right now. 7.74 like right now, it's like 8.50, not a bad place to start dollar cost averaging in. If you have done your homework in that company and you believe in its long-term trajectory all right, so that's my 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 the youtube algorithm. 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 would like to be part of a private discord community, where you can get all of this information in real time, you can find that as the first link in the description of the video below. If you haven't added me on social media, yet you can find me at paul guma and i've had an analogy 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, i left 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 signed up with all the tools you need to start trading immediately.

You can also get two free stocks, valued up to one thousand eight hundred and fifty dollars, rather to sign it up with weeble using the third link in the description of the video below. Once again, ladies and gentlemen, my name is paul. Guma open analogy lab where we trade patterns and patterns only - and i will see all of you in the next video you.