Everybody welcome back to the channel in today's video we're going to talk about a stock that is about to go insane next week and why you should keep it on your watches. I'm also going to answer some of you guys. Questions like we always do here on this channel now before i begin again, do not forget to annihilate the like button on your way in, and also don't forget to click on the subscribe button. Along with that notification bell that way, you don't miss out on these videos all right, so so, let's begin right off the bat we got the spy and on friday morning actually starting on thursday night, i told y'all that we would open higher.

We definitely did that, and then i decided to just keep my opinion about us being a little bit bearish right and it felt a lot lower than what i was anticipating. I thought it would drop all the way down to like to 44 40, which is somewhere around over here, but it just kept, dropping and dropping, and there was much there was more much fun in the middle of the day, a lot of fun with um, with The situation that's going on in with russia and ukraine, and also, and also with inflation, rising right. All of that we're just putting out all of that news, and there was just a lot of sell-off and right now right now, it's intensified. It broke right below this.

Previous level of support, the situation is not looking good and the reason why i say that is because, if you go on the four hour yeah like usually what happens with with these is like, there may be a little bit of a pull back. Then, when a spy sells off, it opens up higher and then it drops again at nine o'clock all right in that video i also asked y'all. Would it would be drop at nine o'clock and then actually drop it exactly nine o'clock? All right? I think it's going to do the same thing again: it's going to open up higher at around like 44 27, maybe 44 30, and then it's going to sell off again all right, um we're still in bearish territory. So just keep that in mind now in regards to what should you be doing in these types of conditions? Well, it's really really.

It's really simple! You should pretty much just look at what the market is, giving you and just look for the stocks that are a little bit more overvalued, a little bit more higher a lot of room at the bottom, and i have bearish structures and here's what i mean this Is the stock that i want y'all to keep in your watches for next week? That stock is nike all right, and the reason why i want y'all to keep nike on your watch list is because of this bear flag on here. All right. The bear flag broke down right at around like right at noon. Actually it broke down right below 144 and this picture was posted exactly noon and then right after that, it just kept falling down some more with the with the whole market.

There was a lot of descending triangles across the charts, and where is this thing going to go? I've talked about this one previously in the past i was very, very bearish for a long time. It's just. It was only a matter of time before that floor just broke. If you look at the daily, if you look at the daily there is that room that gap right there at like 1 33 and it wants the fill.

It's been trying to fill that for so long, and i think that tomorrow it could get there um so scenario, number one is that spy opens up higher before we flush down now. Scenario. Number two scenario: number two is that we get very, very bearish news um and we open up a lot lower like the spy falls by two percent. The dow falls by like one point: eight percent and nasdaq falls by like three percent.

All right, like just the massive massive collapse leading into the market hours at like 8 30 a.m, central time, and then there will be a lot of buyers coming in. So this thing again worst best case scenario for longs were not in this - is that we open up like lower at like 130 and then there's a lot of buyers that pushes up. But if that doesn't happen, right and scenario, number one happens, which i think will happen, i think, will open up higher um is that it's going to open up at 140 dollars and then it's gon na start falling slowly throughout the next, like one or two days To 133 dollars and if you actually zoom out, there is a lot of room over here um, it's not quite beaten down like the other stocks in the market right, it's only down by like. I think this is 25 20 or 20 22 right.

It's not down that much, but it has room relatively speaking. It has room right here even down towards like 120 dollars, all right, so that's my honest thought on nike and why y'all should keep it on your watch list for next week. Now, let's talk about you guys stocks adventures the first one that we're going to talk about um, we're going to talk about sophie or sofi um. Somebody asked me to do a video on this one.

Now, with with this stock, the volume is, the volume is slightly increasing, but the market conditions are not helping at all. I personally think that it's going to consolidate some more, i think it's going to just trade in that box right here. I don't think it's gon na drop back below 11 or below 10.50 anytime, soon, like even if we have like a market sell-off for two days, we're just gon na drop. Briefly, all the way down to like to somewhere over here, like 11 11 60ish before we bounce again and then, if that happens, and we break through 13, then we can talk about a massive move towards 15 leading into earnings all right, then we can have that Discussion, but as of right now, i'm personally neutral - i think it's just gon na consolidate some more because the value of the contracts to drop further right until it's time for this thing to potentially run all right.

So just for for right now i don't think it's ready, i'm washing it! So you keep it on your washes, i'm watching it, i'm washing it for sure all right! Eventually, it's gon na it's gon na make that move now. The next one that we're going to talk about in today's video we're gon na do an update. Now for those of y'all who watch friday mornings video, i told y'all to watch aal for a drop that was in friday mornings. Video and this thing immediately checked like it, it was, it was stalling a little bit throughout the middle of the day, and then it eventually headed towards the neckline all right and the neckline is right here.

It's not quite there yet, and i think that with the market selling off on monday again, it's going to help aal, get there all right and then from there we may bounce all right. We may see some type of like relief rally in the markets. That may be short-lived again, we - i don't know quite yet until we get there until we get to like tuesday or wednesday, but as of right now, the way that i see it, i think we just strong all the way down to 17, at least all right And then maybe rebound so that's my honest thoughts on that and congratulations to anybody who was able to make some money on this thing all right. Now the next stock that we're going to talk about in today's video we're going to talk about shag all right and check right now it had earnings.

Those contracts did not pay at all it was. It was very minimal. I was just i was looking at it. I was looking at that percentage and i was like it's not because, though, there's no weekly contracts available and for a thirty dollar stock, the contracts are a little bit more on the elevated side and right now, it's just it's falling and it's a good thing like It needs to it needs to consolidate a little bit more and make the contracts like appropriate for a 30 stock.

All right um, that's that's my honest thought. I just think it's gon na chill over here, some more until like the end of next week. Right - and that is the end of the video again, do not forget to annihilate the like button for the youtube log them as always helps 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.

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