In today's video, I'm going to be sharing with you guys a stock that yall should be keeping in your watch list for the next few days. We're also going to discuss why the today's price action occurred, why the massive sell happened to begin with, how you could have made money on it, and I'm going to be doing an update on some of the socks that I've mentioned in the last video, right? So let's let's dive right into it. Right off the bat, we got the Spy over here and in the last video I gave you guys specific warning I give you all a very, very specific warning about about the market being um, near turbulence. All right.

Yesterday's video I told you that we were going to creep up a little bit higher before we see a selloff specifically QQQ because of this structure right here. All right, we were right over here before CPI was announced and I told you guys that the stock market was going to end up a little bit High All right, in near 372, we might see some type of turbulence and turbulence is what happened. As soon as we got to 372, everything started to sell off. All right, it doesn't surprise me at all.

I was patiently waiting for that specific um move for the for the for the Bears to pretty much pile land and cause this drop right here. it was not. I'm not going to say it was obvious I'm just saying it. It was.

it was bound to happen. Uh, it was bound to happen. And looking at the 1 hour looking at the 1 hour, it's near these levels of resistance right over here, right? There's some short sellers right here. or I would say people who bought who did bought here and they bought here were expecting a bigger move.

as soon as they had a second chance to break even, they took that chance and again everybody sold and that caused a sell off. All right now. how could you have made some money on this one? There was a there was a Structure on on the spy. Let's check out.

the Spy kikq is a little bit sloppy. Inay Like the structure isn't really there but for the Spy it kind of was all right. First we have the CPI report that was announced and apparently I think the numbers were exactly what was expected. It's I think I think the CPI number was still at 3.7% and then we had a little bit of a sell off again at 7:30 and then some chop all the way until massive candle at noonish.

All right. But before that even happened, we had a Be flag right here. The Be flag is not my favorite. it's really really not.

Sometimes it plays out, sometimes it doesn't That's why it's not my favorite, but this one was there and we took a day trade shorts on a stock that also dropped with the market and that stock that we shorted is Google All right. I Saw I saw Google at 11:56 4 minutes before the drop and I gave out a warning that I was watching it for a drop because of the structure on the chart. Again, if you are new to trading and you don't know what we do, we trade Char patterns and this is pretty much what I usually look for. All right I It and as soon as I saw this thing forming out and I was waiting for the breakdown below 140 I took a short position on it right at noon.

Again, here's the warning and then right over here. where is it at? Yeah, so right at 1202 I took these puts on there. The 140 puts at $80 per contract with a price target of 100 38. As you can see on the chart, it took a sweet time to get there.

Um, I ended up selling some when we got below 139 and then I ended up getting out of it completely for what 136 per contract when it got to again near near 139? I ended up selling a little bit early, but that's that's all right though. Let's take a look look at Google here. All right. So this is one structure with with Google this one is much much easier to see.

I Trust it's a little a lot more than the bare flag I saw it I got in right here put the circle here but I ended up selling early anyway. Some people held a lot more and made more money. um I think this the the highest this contract went was $190 for contract I sold at 135 and the contracts went up to 190 and then it bounc into the close right and again this is just one structure. Another opportunity that you could have uh made money on was on Meta all right and Meta show the same thing: a very beautiful bearish pennants.

Again, the other one is a decent triangle. this one is a bearish penet because of because of how because of how high the um the next lows are getting all right. Um, when you compare the two structures, there's a little bit of a difference you would know. but yeah, same thing again.

breakdown again at noon followed by the drop all the way down to 322 and then the similar structure again occured on Netflix Netflix secured a little bit like it dropped, it started dropping a little bit earlier I saw it I wanted to take it instead of like if I would have taken this one it would have just been the trade of the day cuz I only took one trade today the Google trade um I saw it I just don't like trading Netflix because of the because of how it tends to move and because of the spread of the contracts I think it's a bit annoying I saw Google and Google had much better spread. but either way this one played out exactly how it would expect it to play out. We had a breakdown right here and it drop all the way down to 350 to 359. So these are like the three, um, easier obvious opportunities that yall could have caught today.

All right, and they all kind of dropped at the same time, which makes it a lot more. uh, just makes it more simple. makes the the day trade more simpler. So that's pretty much why today's price action occurred.

There was new, maybe there was news I don't know I didn't look at the news I should have looked at the news before recording the video I didn't look at the news I just traded the structure. That's what we do here all right now. Um, the stock that we're I'm going to share with with y'all to keep on watch for the next few days that stock is Tesla and Tesla Tesla didn't really show something easy. um, it kind of zigzagged and then dropped and somebody could say hey, kind of had something here, but yeah, I don't I don't like that, it's just it's just not as it's just not my favorite compared to the other three that I showed you guys All right, but it still dropped, this one still dropped.

Now the stru I want to show youall with Tesla is on the 4H hour and it hasn't broken down yet. On the 4H hour, it hasn't broken down yet. but if it does tomorrow, if it does like if if the indices open like a a little lower like as you can see at the top left right here. if the indices end up being like negative 0.30% and then start seeing a lot of sell off I think Tesla is going to sell a lot more aggressively because the Be flag is there which is the exact same structure that I just showed you with with the Spy but on a bigger scale.

All right. Again, for those of you who are beginners, learn to recognize these things. All right cuz that's literally these structures are the only things. I Trade I Don't look at the news I don't look at anything else I just look at the structures and I make my moves.

I Keep it simple today. I only took one day trade the day before I covered a swing trade and then the day before that I took another swing trade. Just one trade throughout the last three days. So three trades 3 days now with this one was Tesla for drop to 250.

If it breaks down I think it's going to drop to 250. maybe even like 247. Yeah, watch it for a drop in this region. Right here it has.

The stock has earnings on the 18 so it will be very interesting to see how it behaves. Maybe it plays a whole lot of games right here and then earnings is going to decid is fate. But for this specific video, I'm here to share with you guys the Be flag All right. So um, that's the stock for tomorrow now in updates again in the last video in yesterday's video I shared with you guys Lee the Chinese sector All right and here's how y'all should have handled it.

this is Elite and in that video I told y that was a morning video by the way I specifically told you guys that there was an opportunity on there for Longs All right to watch it for a move up to $37 and the opportunity for to capitalize off of the short sellers who were trapped down here was right there. All right. this move right here was the opportunity and as soon as the Market opens it just started to fly. All right those contract I believe this contracts on Le doubled I took a trade on again not Lee specifically but on the Chinese sector in general and it was.

Let me go back on here. Discord All right, we're going to scroll up to again. this is between Wednesday and between Wednesday and Thursday. Yeah so this is the 10 All right and at the close the reason why I like to KN sector and I took I took Fu specifically.

All right and because it had a B flag on there that broke out and I liked it for a long with a price tet of $77 and Lee and futu started to run at the open again. I bought the contracts for 116 and I ended up selling some at 840 and I ended up getting out completely at at 8:47 when the stock was rolling over right here. let's go to Fu the contracts that I sold. let's go over here.

So Fu right here. Futu? All right. Um, I ended up selling right there and those contracts I put them in the yellow tab. Yeah, so that's the details of the contracts right here.

Again, 116. that's the price that I bought him at and it ended up getting rid of at $300 per contract up here before this thing started to sell off right and at the close I decided to go back in because I was I thought it had I was a bit curious I thought it had a little bit more uh potential I would say because the 4H hour was still was still decent and it was still holding above support and I didn't like the way that it opened and I ended up getting rid of the next round of contracts that I bought at the close. I ended up getting rid of them right here because it didn't open the way I would like I thought it would open up a little bit higher at like 64. it didn't have a similar move, but it didn't I took a small loss of that one all right before taking a trade today on Google So that was why everything pretty much collapse Again, Some of youall mentioned JD collapsing and JD didn't really hold above the level of supports again.

As soon as they crack below that line, everybody paned and this was expected. So um, that's that's pretty much my thoughts on all of these stocks and why the market collapsed and that is the end of the video. Again, do not forget to demolish like button. As always, don't forget to subscribe if you haven't already.

um, to be part of a private disco Community We can get all of this information in real time as I see them along with the details of the contracts that I take and the reason why I Take the To begin with, you can find that as the first link in the description of the video below or the first Common pin at the bottom. All right. Um, if you haven't followed us on social media yet, you can find me at Paul Anduma at a knowy 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, there's some basic stepbystep directions in the description of the video below. Step One Step three only takes about 10 15 minutes we to have all the tools you need to start trading immediately.

You can also get some free stocks after sending up with Weo using third link in the description of the video below. Once again ladies gentlemen my name is Paula with Knowledge Lab where we trade patterns and patterns only and I will see all of you in the next video.