In today's video, we're going to look at the overall Market once again and I'm going to be sharing with y'all some stocks to keep on watch for today and tomorrow. All right, So let's let's dive right into it. Right off the bat we got the spy and as you can see on the charts the reason why the market broke down yesterday. The reason why there was I guess a sell-off I would say is because of this bearish triangle on the charts.

It broke down near like 9 00 p.m We're gonna zoom in here to the instead of 15. Yep, so it broke down aggressively at like 9 A.M and then it's just like, um, immediately chops, um downwards all the way until the close. Right now it's looking like it's bouncing a little bit, but I think that's expected. um I think I was expecting that little bounce today.

The question is, will it go? Is it going to hold or are we gonna see another sell-off Well the key is we're gonna look at like the the spa itself like the actual ETF not the Futures So there is the level of resistance right up here at 324. and I had this drawn yesterday um before the close and it's behaving. Not quite exactly as I thought it had a little dip like at 1am before going up into the open. but overall it's still close to 324 and as you can see I'm leaning more bearish on the market again because the structure is there from yesterday and because this makes this makes more sense to me.

like so watch for rejection at 324. Be very very patient today. kind of like yesterday. Be very patient and wait for the structures to appear uh uh and weight.

Watch for volume as well and watch for rejection at 324 before we sell off and go all the way down to 4 18. to 424 I mean before the before the drop to 418. Watch for that. Now if it breaks above it like set your alerts right here.

like if it gets to 425 and just go sideways, the short sellers are going to be scared and they're going to panic and when they Panic we might actually see a squeeze. All right, the national analysis is a rejection and a fall, but at the same time you have to be ready just in case. This right here doesn't keep the the balls down like just keep that in mind, have your alerts set right there all right and again. patiently wait.

The market is gonna make its decision. hopefully. uh, we will see some type of, um, some structures on the other like on the stocks itself. unlike the other tech stocks.

that and the cakes. whatever. we'll see a squeeze or knots. but for right now this video is a little bit bearish coming out the gates.

So that's the stance that I'm taking right now. I'm just patiently waiting to see what's gonna happen at 3 24 before I make a move Right now. one stop to keep on watch. Well, there's two stocks.

There's two stocks. now. before we even dive into the stock, let's look at the Vix. Oh, a long time ago a while ago I think it was right here.

it was after the 26th or the 27. Um I gave you guys these two ranges to watch for right? and the market took a sweet time again. I wasn't wrong. I was just really really early when I told you guys that the Vex was gonna go to 21.

Um, yesterday was the day that I wanted to go to 21. It wasn't this day, it wasn't Thursday it wasn't this day, it was yesterday and now it got to 21. and I think it would make sense like it didn't really get to 21 like it got to it. It got to 20.50 and then jumped to 20 88.

Um this morning at 2 A.M But in reality like it, it hasn't gotten there German trading hours right? So if we see a sell-off to 418, I think 418 is gonna be the bottom. Like let's say, we get that rejection and like for the Spy, the Spy climbs to around like uh, for 24, right? Which means that the Vix will drop 219 and then we play around a little bit right here before we take before the Spy takes a dive to 418 and the Wix Rises to exactly 21 to that red band right here, right? And then 418 becomes the bottom. and then we see the Wicks kind of Fade All the Way Throughout the day as the market kind of bounces, rallies and all of the shorts cover and uh, the momentum switches. So watch for that.

That's what I'm seeing for today and that's hopefully that's that's what we get. all right, because there could be some some good opportunities on both sides here. Both shorts and long could be making money. so just watch for this type of price action.

Now the first stock to keep on watch is Tesla You gotta address Tesla today because it's been a while and Tesla released its delivery numbers yesterday. It appeared to be like a show. Let me just clear this shot right here. Yesterday it kind of showed somewhat of a bearish structure, but it didn't break down, it didn't break down with volume and it looked a little sauce for me to go short.

so I decided to just patiently wait. Let's see how it would open all right and rightfully it was a good decision from Detroit because um, right now the the now that I looked at it, this line of resistance is still there just like yesterday. but the line of support was going from here to here and right now it's not looking like we're gonna see it breaks down, it's not. Well, a breakdown is not absolutely certain so but what I'm seeing right now is a bullish planets and I don't see anything that is alarming any.

Uh in a new section, but there is a bullish pendant on the charts which place around here at 250 and breaks above. If it breaks above 250, then watch for a run all the way up to 255. right now it's at 248 which is not that far away. The contracts are not gonna run away between 2, 48 and 250 right? but they are going to run away above it.

Like if if it climbs above 250 then the volume is going to kick in, the IV is going to kick in. Then um, the contracts are going to run a lot faster and a lot higher in a short amount of time. So watch the Tesla watch Tesla foot and move up to 255 today. Maybe um, like by the end of the day again.

I Do expect a massive run on the Spy if it touches for it. Keep that in mind. All right. So again, Tesla might play games before running above 250.

So have an alert right there and patiently wait. Now the next one. Well let's let's see here. Yeah, it has the potential to go.

and now that I zoom out I like it all right. This makes sense. Eventually it's gonna touch it. Could it be today? Maybe.

All right, just keep your eyes out for that. Now the next one that we're going to look at today is Ual. and Ual is looking pretty good. This is one of these stocks.

like, um, again, long-term investors might be going crazy right now. I Gave you guys the stock for a shorts about a week and a half ago. I Told you don't go long on this stock until it touches the white line right and it touched the white line yesterday. And now that I touched the white line, we could see that pre-market is up by 20 cents.

It might today. today might be a good day for Ual. We might see a jump all the way up to 42 and then it's gonna play some games until Earnings and then earnings is gonna decide. It's fake all right.

But right now this is a spot where you should be looking paying attention to the stock because there is a lot of room to the upside right here. I Don't know when we're gonna get back up to 55 I don't know I don't know, but I do know that right now it is a good time to pay attention to it because of what happened before before the massive wave. All right, this chop is not going to be fun, but this right here right here after earnings will be so keep Ual on watch for that. All right now in updates a quick update on Disney I Gave you guys a warning yesterday.

Well I I Gave a post yesterday about this structure falling failing if the price gets below 80 bucks. All right NFL it did because the Market's sold off like it really really tried. There was some money to be made on here, all right, and it didn't go all the way up to 83 dollars, but there was still some money to be made on here. Congrats to anybody who made some money on it and hopefully y'all were very careful enough to spot that this thing was not gonna make it.

especially after this breakdown right here. All right now. overall big picture it has. It has a lot of room up.

Um I wouldn't be I wouldn't be too tempted to be short right here because it's been crushed for so long. and I'm not sure in that sports, that's just not. That's just not what we do. We don't.

We don't do that. Don't do that. Um, wait for the stock to stop playing games. Eventually it's gonna make a new structure and eventually it's gonna run uh to 86.

But I don't know exactly when that's gonna happen I don't know when. So that's my thoughts on Disney and one stock that is. That may be bearish because this is this one. Um I don't think I think this one has a bit more to go all the way down to 86.

this is Starbucks There is a bearish pendant on a chart. it broke down last week and it's been and chopping slowly downwards since then. Um, so this is another one to keep on watch for a drop to 86 bucks and that is the end of the video again and I'll forget to annihilate the left. But as always, don't forget to subscribe.

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