Everybody welcome back to the channel in today's video we're going to talk about the market. It was a massive sell-off today and we're going to address where things could go on from this day forward. I'm also going to be doing some updates on some of the stuff that i've mentioned within the last few days. All right now before we begin 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 let's get right into it right off the bat um. So we got the spy all right and there was a massive sell-off today there was something that was really really fake. Um, it's very well, the more you see them the more. You know that they're coming right, so i saw this thing pre-market all right.

I had a bullish, then on it at first, and i wanted this thing to just chill out and go like this sideways until like maybe the afternoon and then and then run later. But the fact that it did this in the morning was just very suspect, and it kind of did this uh. It almost seemed like a second chance for anybody who went long on anything in the market to take that opportunity and exit out of their trades. All right, um last week, i've mentioned smh to watch it for a long up to like above 220.

um. We actually took advantage of this right here because it wasn't breaking some levels. I will explain it later on, but for the overall market. I want to really focus on that one.

In the beginning of this video um we're going to look at we're going to look at the nasdaq, because the nasdaq will make it much easier for me to explain. What's really going on now. If you go on to the four hour right - and you look at this region from right here, all the way to here - there's the fallen wedge on there, the structure was there last week i saw it last week i even raised the question of whether um, oh Or whether we're going to break out or whether we're going to keep cooking in here right and i got an even response to the discord about how people were feeling and ultimately, as you can see, we got to resistance, and then we were chopping up resistance. The volume obviously kind of declining a little bit, which is not a great sign, and then today we had the fake out with that very fake bullish, planet right and then we had a sell-off.

So where are we going next? I think that we're going to go lower. I think that we're going to drop down we're going to keep cooking in here. I don't know how choppy exactly is going to be um if it falls extremely rapidly. All of the bearers who have puts or who bought puts over here, who are holding, puts, will be very happy to just see a massive fall tomorrow, and maybe even on thursday, as well.

All the way down to this low of 10 of 10 thousand eight hundred dollars for the nasdaq all right. So something like this is what i am envisioning for the next few days. That's what i'm seeing all right and it also makes it also makes sense when we take a look at the vix. For those of you who don't know what the vix is, the vix.

Is it measures volatility in the markets and right now the volatility obviously we're in a bear trend and, as indices starts to plunge the vix increases right now, if we zoom out with on the fix, if we zoom out - and we look at this region, we can See that there is this left shoulder massive head right here right, it was formed after like it was formed after this falling wedge right here, which is pretty much what we're seeing with the nasdaq, eventually we're gon na pop out of there eventually right. Are we gon na pop out of it like in this, like this situation that would be sweet for the nasdaq later on? It would be really really sweet and it would be a nice move to catch in the future right, but for the for the for the fix right here um we got the left shoulder right here, which is a little bit lower, it's actually at around 25 66. I thought we would get there with the vix uh, maybe even today, like a more bullish day on the indices, which means a lower price for the fix before we start selling off. But unfortunately the sell-off was a little bit more rapid than i thought it would be, but that's okay though um it.

The sell-off is here. It started and it's going to keep going for tomorrow and also for the next day that follows, and obviously the vix is going to run and complete that reverse and shoulders right here, where's the mix going to go. I think it's going to go up to around. Like 33 again, the faster the selloff is the more aggressive.

The sell-off is the higher the fix rises and the faster the vix rise. So yeah keep those on watch. We will address them, um and uh. Maybe tomorrow, all right really.

I i might try to put a product video tomorrow morning, uh we'll we'll see, but for for for the structure, everything is everything is leaning towards the downside, all right now, one stock, just one stock that i want to share with y'all. That is looking like a bearish head and shoulders. It's gme it's right here, all right, so we got gme and gma got this thing left shoulder head right, shoulder it started breaking down. I think this was friday yeah.

This was friday, i think monday and tuesday. So it's breaking down slowly. The neckline is at exactly 117 bucks. I think that neckline is going to get taken out right and if the, if the nasdaq drops to 10 and 800, that would be around a seven percent drop, a seven percent drop in nasdaq could yield at least like a fifteen to twenty percent.

On a lot of stocks that move really really big right, so this thing could probably drop below it might even go to 100 bucks like it could be really aggressive. So just it could. It could really be really really aggressive and if there's something going on with the company like if they put on magical unicorn use for shorts, obviously very bad for the company right. This.

This stock could plunge all the way down to 100, maybe even 90. and um shorts would be very happy about that. So definitely watch gamestop for a move down below the neckline all right. Now, let's do some updates.

I put up videos this weekend, two videos because we have watched them um, the first one that i talked about was smh. Let's address estimation: what happened? Um? We took a trade on smh. I took it because, obviously the published planet. I explained that in a video which i'm going to pin over here that way, y'all can watch it.

If you didn't watch it now. I told you that it could continue all the way up to 225.. It tried to do so. Well, it got really rejected on on uh.

On monday, like it got rejected, it tried to go back up and break above the previous highs and it couldn't right and then i gave it another chance. Let me show y'all: where is it at yeah, so i gave it. I gave it another chance for smh today, so today, at 9 35 it was climbing nicely, obviously because of the masses push from the from the spy. It was climbing nicely and then uh it kept going.

It went to 216, then it went to 217 and then it went to like 2 18 50 and it did something that really like pissed me off at 9 00 a.m, which was the reason why i sold my calls, and it did this - we're gon na look At the five minute and we're gon na zoom right here, it failed to break above completely it felt to just shoot up right above the previous eye. The volume is just terrible: it needed some juice. It needed something something to just push this thing higher, but it was lumpy and i didn't like it so i immediately got rid of it and the whole market um. I i realized that the spy that bullish bennett was really fake right, which meant that the whole market was very, very bearish for the whole day and everything you started to think, and i think that it may continue tomorrow as a as i mentioned previously now.

Another stock that i've talked about um in the last videos, was adobe now with adobe that one it made its move to 290, but it didn't do a little bit more. I told you that it could do a little bit more, but hopefully y'all didn't get too greedy again. That video was released, i believe on thursday, and there was an opportunity to make some money on friday. So hopefully you took your money off the table.

At least some of your money off the table before it went right back down to like the 280s that sell-off was kind of aggressive on that day too. So accident might have been challenging um, but i hope you collected your money on it after the date um and then today. Obviously the market itself happened. Is it going to go all the way up to like two 395? That's doubtful, i think it we're gon na.

Have to wait for a long time for it to show something else, another structure all right now, the last one was, i think it was roblox roadblocks. I told you guys to watch thing for a move up to the high 30s like 38 - maybe 39 - maybe even 40, but it tried like it, really made an effort. It made a solid effort, since here it tried to go up to 36 again a chance to make money, which i hope you all took all right friday. This is monday monday consolidation today the last chance to take your money off the table and not be too pretty before it rolls over.

It's looking really lumpy um. I think there'll be a recess right here at 30 dollars, slowly is slow fade down like this and um. It will be very devastating if you just go right through, like that very devastating, for anybody who um are still holding and hoping from here or from here right like if you went long and you're holding and hoping that it would, if that it would go over Here and also bounce right, that's that's kind of dangerous. I would just like get out.

Take my money off it and see exactly how it behaves and then get back in you can always get back in. You can always get back in all right, um holding an open, not the right strategy. You see money, you like it, take the money all right and then assess the situation later on all right. So that's that's my thoughts on all of these stocks.

Um, the other one was kw eb, which also did the same thing right now. It's looking kind of lumpy. I don't think it will go up to 36 um this week. It's it's that's going to take some time.

So that's my very honest opinion on all of these stocks, and that is the end of the video again. Do not forget to annihilate the like button for you to block them. As always, it 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 videos. Again, i may post a video tomorrow morning i mean so stay tuned for that um. If you are, if you'd like to be part of a private discord community, where you 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 added me on social media, yet you can find me at paul the gulen and ipad analogy lab on instagram and on twitter.

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Once again, ladies and gentlemen, my name is baldwin guma, with the knowledge lab where we trade patterns and patterns only, and i will see all of you in the next video you.