Everybody welcome back to the channel in today's video we're going to talk about a stock that is about to go crazy tomorrow and why you should keep on your watches. I'm also going to be. I'm also going to be discussing why the market moved the way it did, and i know the news is out with the fed meeting about the the rate hikes and the the taper right. I know about that, but for people who are looking to like find the clues in the chart, i'm going to be breaking that down for y'all in this video.

I'm also going to be answering some of you guys questions if you have some time in the video right um before i begin, do not forget to annihilate the like button on your way in and also don't forget to subscribe. If you are new to the channel all right, let's get started all right off the bat, the market, the market took a hit and um. Let's, let's talk about why this happened to begin with, let me reduce the time frame. There was some clues on there.

So let me reduce the time frame to the five minute right and let me just erase that thing right here remove zoom out the first indication that uh that this market was going to take was this. If you look closely, there is a descending triangle on the chart right over here right. You can see that it was developing throughout the entire day, consolidating again that's kind of why. I said that i wasn't expecting any major movement, but over time, as this thing started to form it started to squeeze in that tight corner and it broke down.

We zoomed closely it broke down first and then then we had the fed meeting to retest the floor before we collapse all right. So that's the first clue that the market was going to take now. The next clue that the market was going to take actually happened way before that and is by looking at something else it's by looking at enqueue, which i was looking at earlier today there. It is all right.

This is next clue right here, right there. This is a bearish pin it, and this one actually broke down, because there was more selling pressure on tech um compared to the spy more selling pressure. It broke down right at the open all right. In the first five minutes, we tested the the um resistance of that bearish planet, consolidated throughout the entire day and then collapse even more all right now.

Another clue that i'm going to show you this. Actually, that's what looking at every other stocks in the market, i'm actually going to use the discord for that all right now, oh also, by the way i got, we got rid of ba at like 218, as you can see right over here for those of y'all Who took that trade this morning? Congratulations ba and intel did spectacular. The intel contracts went up by like 300, even if, if you took the date, if you took the trade today and sold today, if you bought it yesterday, they were, they were up by. Like probably 10, 10x, 10 or 12x on this contract, but in regards to why the market collapsed, we're going to look at the short watch list right over here and um when today started.

They started with this right there all right. This is today, and this is an hour and nine yeah an hour and nine minutes before the market opens. We have microsoft with that strong downtrend right here. Every time it drops it does a little dead.

Cap balance again gets rejected off right and i was expecting another one happening today to reclaim that resistance of 317, as you can see right here, all right and also roku, which is another stock in the market that i was looking at, which kind of gave me Like this sense of today wasn't going to be such a great day for the longs roku was showing a bullish rectangle for the longest time. I was just waiting patiently for this thing to break out and then yesterday it did this thing right. There it broke down and then today it opened even lower. This is not a good sign for loans, especially for the people who like to buy without confirmation right.

The people would like to buy in early in expectation that the stock is gon na magically do what they wanted to do. It doesn't work that way, so you have to be really really patient with it and let the stock make its decision and, as you can see, it collapsed and um. It just wasn't good for um for lungs um, another one which is afrm. That one is actually the stock for today's video we're gon na go back on here, so um definitely watch afrm, which is the stock that is about to go crazy tomorrow, watch it for for a drop all right watch it for a drop.

I mentioned it. A few times within the last like few days, i mentioned it a few times because of uh. This thing right there, all right. Where is the uh? I think it's yeah this thing right there there.

It is all right. This bearish bearish planet it broke down. Yesterday. All right and then it did a little dead cat balance kind of like what i just showed you up with microsoft or microsoft, which is the one on its way back down right and also, if you zoom out and you put on the daily and you get Close right here right there, it's trying to fill that giant gap below right here.

It's not it's, not a good look like this is not a video where i tell you how to buy the diff. No this. If you want to just wait for this thing to chill out at the bottom first before you did buy grips if you are a day trader, looking for an opportunity, short term day trades, and you want in on that, i think it's definitely going to collapse. I'm expecting to move to the downside for sure um just to fill that gap to like 68.

Before we see consolidation followed by some recovery in the markets, okay, um. I also forgot to talk about the spot. We got to talk about the spot really quickly, but this is the stock that is about to go crazy tomorrow. Very wild movements to be expected tomorrow after the dump again, if it opens really really low, expect some buying pressure.

Like expect some people to just flood in after the first 15 minutes again, every gap down tremendously expect that, but if it doesn't, then there could be a day trading opportunity to the short side. Now, let's talk about the spy and my thoughts on that one, since i kind of like explained why it tanked in regards to like the structure right because that's what we do here, we don't trade basis of news. We trade based off of structure um. Now, the way the spy is looking right now, as you can see, i drew that floor right there uh there is a strong possibility that we could get there strong possibility, and this will be a wonderful buying opportunity too right.

Remember how happy you were when this thing collapsed over here and then we had this massive bump. You remember, we were so excited. You made so much money here, we're about to get another opportunity to do so. Will it be as well as this time will tell right it could be like it really really could be if you drop really really fast, let's say by friday, we could bounce into the next week right.

It's either going to be this or it's going to be. This plus a dead cat bounce, it could be it's it's one of the two um, but i'm definitely waiting for i'm anticipating this thing to actually go down and test that level. That's my very honest opinion on the spy and you could wake up tomorrow and see that the spy is down by negative two percent, literally all the way back down there. And then you will see that buying pressure that i'm talking about right.

So um that's my thoughts on the spy. Now we have to look at, we have to look at another stock. Somebody asked really quickly we're going to look at case khc all right. Somebody wanted to ask about khc, so we're gon na address it um.

In regards to the stock, it had a bullish minute on chart it broke out on monday, and it had a nice follow through good opportunity to make some money on the stock right um right now. I think it just needs to chill just a little bit and drop like to here to like 36 41 before continuing back up again, all right um, it's looking good. It's behaving nicely. It's behaving the way it should behave, i'm not bearish on it for the next few days, but for tomorrow expect a little bit of a pullback all right.

That's my very honest thoughts on that one and the last stock that we're going to talk about in this video that one is nike and nike. I addressed this one in the past i told you how this stock looks so sauce. I told y'all i didn't like it. First of all, there's the gravestone doji after earnings.

I gave you a warning not to go into a heavy right here, because the stock is consolidating and there is no decision on the direction that it is going. And if you look at the one hour right here, you can clearly see that previous floor kind of broke down right here on monday and did the little dead cat bounce tomorrow. If you're open much lower, this gap at 160 could get filled before we see some type of buying pressure on the stock. All right, that's my very honest opinion on nike, and that is the end of the video again do not forget to annihilate the like button.

If you appreciate these lessons and you like the way, i explain the charts and the reason why things happen in a charts perspective and not the news perspective, all right, um also don't forget to subscribe. If you are new to the channel by clicking right over here and also click on the notification bell, that way, you don't miss out on daily uploads. If you, if you like the apartment private discord community, you can find that as the first link in the description of the video below also, if you're not following us on social media, you can find me at paul and guma in the pattern. Knowledge lab on instagram and on twitter and lastly, if all of this is brand new to you and you're, not scared by these sell-offs i'll have some very basic, step-by-step directions in the description of the video below on how you can get started in the stock market, All right, you can also get two free stocks, valued up to one thousand, eight hundred and fifty dollars right after signing up, we will use the third link in the description of the video below.

Once again. Ladies and gentlemen, my name is pauline guma ben analogy lab where we trade patterns and patterns only - and i will see all of you in the next video you.