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[SP500, QQQ, TSLA, AAPL]
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MY FAVORITE DAY TRADING BOOK
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My Studio Equipment:
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📸: https://amzn.to/38t1Cek
💻: https://amzn.to/3eZDuCP
📺: https://amzn.to/2YZZDeJ
My Trading Desk: https://amzn.to/2YVCBW8
How I pick Stocks:
https://youtu.be/O5yWKChL44E
How To Make $500 A Day:
https://youtu.be/OOSpjACXKD8
How To Trade Stocks:
https://youtu.be/f5RuDrFQj0w
How To Trade Call and Put Options on ThinkorSwim:
https://youtu.be/f5RuDrFQj0w
DISCLAIMER AND WARNING
In all financial markets, the opportunity to make money comes with a risk that must not be neglected. Always stay aware of the risks and be willing to accept them. Never trade with money that you cannot afford to lose. We are not your financial or investment advisors. We cannot and will not be held liable for any actions you take as a result of our opinions and the content in this channel, any of its social media platforms, or websites. The information provided on this channel and on its social media platforms is purely for informational purposes only, and they are meant to be taken as opinions. Always stay skeptical and do your own research before participating in the financial markets. Nothing in this channel are recommendations, all the content provided are our humble opinions only. The performance of chart/candlestick patterns discussed on this channel is not necessarily indicative of future results. Technical analyses are not absolute and are prone to change due to future market events. Investing in any market is very risky and the risk for significant losses is substantial.
[SP500, QQQ, TSLA, AAPL]
In today's video, I'm going to be sharing with all of you a stock that is about to make a huge move tomorrow. And while y'all should keep it in your watch list, I'm also going to look at the overall market and address what to expect tomorrow. All right Y, let's dive right into the chat the the chart. Right off the bat.
We got the Spy over here and so far I'm going to zoom out that way we can see the bigger picture. The triple top is still there Today it was. it was very I would say it was very bearish premarkets and then we saw a little bit of a chop. Uh first we dropped in a uh in the first 20 minutes.
then we Cho throughout the entire day it closed as a dogee if I'm not mistaken. Yeah, it closed as a do and it looks kind of lumpy to me. notice at the bottom how the volume is increasing and it's all selling volume. This day was neutral because yeah it's a Friday they was neutral, but it's all selling volume right here.
If we break below 4780, expect panic and expect chaos. All right. So right now we have 4790 so just 10 more points we'll see how it opens up. If again, do not be surprised.
Be very prepared though. do not be surprised. Also, one more thing that we got to look at is the vix. I'm still waiting for one specific alert to ring and that one specific alert is on the vix at exactly I think it did ring already.
Oh it did ring I might have missed that one. Okay, so I set an alert at 1425 um and waitting for it to ring? Set another one right at 1438 and then wait for that one to run again. everything is moving kind of slow. the dois are kind of small.
We're just waiting for that break of support on the spy and this one also for the break of 14 of this level right here so that we can really see the sell off intensify is that zone. just draw it like guys draw it and once you hear the Bell things will start to make sense. Okay now um, let's look at before I share the stock that is about to go insane. We got to look at the stock that I've mentioned in the last video.
Congratulations to anybody who made money on Snapchat Again, if you haven't watched that video, I'm going to pin it at the top right section of this video over there top right corner and this is the very first stock that I shared with y'all I gave you like maybe three or four reasons why it was going to collapse and I also told you guys that it was going to get to exactly $115.50 and it closed the day at exactly $15 54 cents. All right, the Puts: The puts went up by 150% for the contracts that expires on the 26th, and for the contracts that expire on Friday Those put went up by 200% Right at the lows right here. All right. The stock was very generous, which I liked compared to the other one that I shared with you which I'm also going to share after this one, right? This one was generous meaning it didn't drop down too low.
It dropped down a little bit and gave everybody maybe like three to five minutes to get in with puts and make some money on this initial drop. And then it did a little dead cat bounce to get back in right here and make some money on this one. Um, is this thing going to bounce? It might. it might bounce, but I think it will be shortlived? I do. And the reason why I think it will be shortlived is because of the daily charts. The double top is very obvious if we gap down below 15.30 more fear is going to kick into the stock and we're going to go a lot lower than 15 bucks like we like. The next place that I would be aiming for is like down here again. 90% of all gaps get filled at some points in time.
All right, 90% of all gaps get filled at some point in time and I've seen, this is a double top and I guess this would be the threshold where these individual sell if we get below $15 These individuals that bought on the third for that long and they're still holding and hoping for a move up to $21 These individuals, they're going to panic and they're going to sell, so be ready for that again. If you're a beginner, and if you don't know how we do things here, when I'm saying there's money to be made I'm talking about the puts the put options. Okay, this is what we trade here, so watch out for those contracts cuz those are going to end increase when the stock collapses all right, so it got a lot of potential. Definitely keep it on your watch.
This video could be about that one. Honestly, I it really could be. It really could be. but that's not the stock that I wanted to share even though I shared it with youall now the stock that I wanted to, um, have for this specific video is Afrm.
All right and Afrm is also looking kind of lumpy. It's looking lump lumpy like, uh, it's looking lumpy like Snapchats but I think it's ready to fall and I say this because of the 4our time frame. there is a level of support which I literally just noticed too. Yeah, there's that right there.
All right. And then we have this right there. This is one way to look at it. Okay, a descending triangle.
The other way to look at it is I'm going to erasee this and we're going to circle the left shoulder right here, the head right there, and then the red shoulder right here, and the red line serves as the neckline. Still bearish. Both structures are bearish and we had a breakdown this afternoon. Well first the the first breakdown was pre-market and then it tried to save itself and get back above that neckline but it couldn't above bunch of shorts.
got back in and added a whole lot right there pushing the stock back down below 41. Therefore, watch it for a drop down to 3750. Watch it for a drop down to 3750. Yeah, all right now.
next stock to discuss it. That was very simple Guys Again, you see the stock I showed you the structures I give you the price all right So let suck. um the next one that we're going to look at we got to talk about. we got to discuss what happened with like the the the stocks with big market caps and the first one um to look at I'm going to go on the one minute and I'm going to raise I'm going to put AMD and then I'm going to let's see here. yeah I'm just going to leave it I'm just going to leave it all right. So AMD this is what it showed premarkets. I'm going to go over here and then I'm going to show yall this thing right there. All right.
So this is what was happening in the Discord So at 8:14 16 minutes before the market opened, AMD had a very very very clean ascending triangle on here and I Warn everybody. watch the break above 151 Wait for the Bell to ring right and obviously the at the top over here. That's the price. Target 165.
That's where it should go under good behavior and immediately the B ranked and this thing just started taking off. All right. It took off, um all the way throughout the day and right now it's at 160. It's $5 away from where I would be extremely bearish I am bearish now I am bearish now on the stock, but I would be, but it has.
It has the potential to go up even more because I Just it. It just seems like it does. My first intuition with the stock: I Put this alert here. if it rings.
I will be looking to get on puts I will be looking to get more put to get puts over here for a drop, right? So what I'm looking for again if you holding this one if you were lucky to cat this one um, during the morning, pump right here and you're holding it, look to sell and take a money off the table. When we get up here, expect this thing to open up, maybe even at the same price. I I Don't think it's going to Gap because the NASDAQ is currently down. It's struggling right now.
It's struggling at the moment. So if it doesn't follow the NASDAQ and opens up at the same price, and maybe they release some type of news, right? Watch for this where we see a huge bump, it might take even five minutes. maybe 10 minutes. All right.
And when you see that big green candle, what you want to do is you want to take your money off the table and collect money from calls and then what you can do and that's optional. And if you're being a little bit more greedy, you can actually sure right there for the drop because I'm bearish on everything else. Like all of the other indices, I'm I'm I'm very bearish. I'm very I Don't know if you no this, but I've been bearish since the start of the year and right now it looks like we going back down and this time it's going to be a big move down.
So watch it for that. A pop to this red box followed by a fade all the way back down. I Don't know how low it's going to go on that day. I Don't Um, I'm expecting the low I'm expecting the drop, the price to drop below 156, and then maybe close somewhere around here somewhere right here.
and then the sell off might even continue during the day afterwards. So that's my thoughts on AMD Another big cap stock that we have to look at is Apple Actually all right and Apple I gave you guys a wanted about why uh why the situation was very, was not bullish anymore. All right. First there was this, uh, very deceptively. there's this deceptive bullish pattern right there. All right. Follow, we have the pop and then we have the sell and then the chops. The chops.
and then today we have a gap down. All right. A lot of individuals who didn't follow rules who didn't get out of the stock immediately right here. Anybody who didn't get out I mean I'm talking about the individuals who bought here.
If these individuals didn't get out here. All right, they suffered a major loss from being stubborn and this is not good, right? So the previous support which is here at one at 184 became new resistance. These individuals ended up selling the stock and take and breaking even right here. and we see a rejection.
All right. And now with the indices being like red right now, we might even see this thing drop a little bit lower towards 182 at the open and we could flush down and make new lows. And by new L I'm talking like 179. So that's my thoughts on Apple Um, the next one that we're going to look at.
this video is getting a little long, but that's all right. that's all right. the next one. the next big Cap stock that we have to look at is Tesla.
All right now with Tesla it had a gap down all the way to 212 and it had a massive push during like the next hour that followed and they Consolidated throughout the entire day. Big Picture is still bearish. It's still bearish. that volume.
not that convincing. Definitely not that convincing. There's also I Don't know if y'all caught this, but there is a be flag somewhere. Yeah, there's a B flag right here.
there it is. There is a be flag right there. All right. So it broke down a few days ago and then it's been.
Sing off, sing off and sing off. I Don't think this is the end, especially if we open a little bit lower. We might retest to 12 again and then potentially break below it as everything else sells off. All right.
So pretty much a fade into earnings. and then earnings is going to decide its fate. All right, But we're gonna address the what may happen through earnings when we get there. So that's my thoughts on all of these stocks.
and that is the end of the video. Do not forget To annihilate. Let Button As always again I Release these videos from Sunday to Thursday at 1 P.m. Central Time All right.
So definitely click on that subscribe button and click on that notification Bell That way YouTube notifies you whenever I release these videos. All right. Um, if you like to be P or private this 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. Wello don't forget, follow me on social media at Paul Anduma and Pedology Lab to get some free stocks with Weil You can use the third link in the description of the video below my skillist my name is Pauma with Knowledge Lab where R trade patterns and patterns only and I will see all of you in tomorrow night's video. .
Snapchat prediction was way off
UPST
Snap was a great call bro kudos
Appreciate you!
you the goat ngumah!
"I'm very bearish, idk if yall notice but I've been bearish" we've noticed🤣 great videos btw. Concise and great info 👍
I'd love for you to do a video on PLTR!!!!
Lord paul