Everybody welcome back to the channel in today's video. I'm going to share with you guys a stock that is about to make a massive move and while you actually keep it in your watch list, we're going to address the overall Market because today was Fomc day and we're going to look at everything all right. We're going to discuss in great detail so that y'all can get ready for tomorrow. All right Y, let's dive right into the charts Right off the bat, we have a lot to discuss.

so if you haven't watched yesterday's video I strongly urge that you do cuz I gave yall the play bypl and everything that I told yall in that video came to pass today. All right now I Told you guys if we got below 4920 on the Spy then we could go a lot slower. all right, And evidently this is what happened. It turned out that during the Fomc meeting they decided the FED decided to leave the rates and changed all right.

and uh, looking at everything in the markets like a lot of the large cap stocks. The way Apple was moving how AMD and aidia were so high we were Bound for a pullback and I was leading bearish yesterday and for tomorrow I am going to lean bearish again. All right. So we broke below 4920.

Let's go on the one hour right? First, the bear trap. The next level to watch for is down here that line as you can see the line from the previous ascending triangle which we made money on like what is this two weeks ago? Yeah, two weeks ago. That line. Watch for a continuation down to test the white line which is now a red.

Been at exactly 4840 tomorrow. I'm not bullish at all. All right. let's check out.

Um, let's check out the Dow Jones Again, for those of yall who listened to what I told you guys about not being greedy, right? Um, everything that I told you guys played out well first and foremost. Again, when the pattern does exactly what it's supposed to do, you're supposed to say thank you and you're supposed to just take your money off the table because this, right there is almost almost always likely to happen. People who bought here took their money off at the close yesterday. All right, And if they held some Runners they definitely sold them today this morning at the morning.

Spike right? It went above. um, 385, right? And then they formed a bearish penet that broke down a little bit early and then made a bull trap before the nasty selloff. This one is also going to fall. We're going to look at the daily chart for the Dow Jones That way y'all can actually get a good idea of why I'm leaning very bearish on it.

The combination: I'm going to clean up the chart now because again, we we went over the lesson with the bullish Bennett And while you should take a money off the table, when it gets to where it's supposed to go, now, the combination of of these two candles right there. All right. this is called a bearish engulfing candle. look it up on.

Google I Don't have that browser pulled up right now. just look it up all right. You will see multiple examples and the one that I want you to pay attention to are the pictures that have an uptrend followed by the bearish engulfing candle. All right, key word: bearish and this thing.

what usually happens after that that is a candle that looks like that. Usually that's what happens afterward. So that's what I'm expecting for the Dow Jones That's what I'm expecting for the spy. And yeah, we look.

We look forward to tomorrow. Um, the next thing that we have to look at is the Vix and the Vix. The Vix is moving quite well Now yall remember when I told you about this triple bottom about the neckline right here. Usually what happens like I'm just going to zoom back like I'm going to scroll left a little bit.

It? yeah, it looks like a triple bottom, but at the same time it actually looks like a bullish rectangle starting from like way over here. All right. And usually what happens from the bullish rectangle is the break of that neckline and a move all the way up to the alert right here at 16 maybe 1650. All right.

So um, watch. Watch the vix for that as well. Panic will really kick in like Panic would really kick into the market if we break above 15 bucks. All right.

So keep your eyes out on that. Now the stock that is about to make a a big move tomorrow. that stock is that stock is Afrm all right. Now The reason why I want to share Afrm with Y'all is because obviously is overbought.

It dropped initially to start off the year of 2024 and then has been cooking sideways and playing games between 40 and $45 All right, it still has a whole lot of room at the bottom to drop. Also, earnings is coming up on the Eth. but I don't think we're in that week yet so the contracts are not getting super inflated just yet. That might happen next week.

but I think this week the contracts are fine and plus tomorrow is Thursday which is even better for the prices of the contracts. What? I see here I'm going to go on one hour I See I see a bearish penet that actually broke down at the close right there, right? it broke down at the close and usually what happens after that is a drop all the way down to 37 bucks. All right. So these are the two reasons: Number one, that bearish benit number two is overbought and there are gaps to fill way at the bottom and it usually has these like this has happened before where it has these big ups and then these slow fade down that take months and right now we are on the part where we slow fade down for months.

All right. Earnings might even acceler at the process like that little Gap right here at what? What is this? um, 27 that's probably going to get filled through earnings like earnings is going to cause the stock to actually go down there. I Wouldn't be surprised if earnings cause the stock to get down there. All right.

That's what I want to say with this one and why. You should keep it on your watch list. Now let's check out. let's check out Apple because Apple has earnings coming up all right And so far far yeah, Apple has been Apple has been getting demolished for quite some time now if you compare.

If you compare all of the indices with Apple, you can see which one is lagging and which one is not. All right. What's lagging are the indices and Apple is way ahead of the curb. So Apple is already way way way down here.

The indices are going to catch up. This one is going to to fill the Gap right here. There is a gap to fill and it's not. It's filling it right now.

it it started filling today. Um, there is a gap to fill at exactly 182 so there's still some room tomorrow. So Apple is going to drop a little bit right. And then the indices are going to really really fall just to catch up to that move.

All right. it's happened before like this is: I think the third time where one is ahead of the other and I've shared it with you guys too. on in one of these videos where there was a lot of money to be made on Apple because um, because the indices were ahead. but in this situation, it's the other way, the indices have a lot more room to make money versus Apple because Apple is ahead all right.

So that's kind of. That's the way that I look at it I don't know how y'all look at it, but that's just how I interpret these things. All right. That's the trend that I've been seeing in through my years trading in the market now.

Uh, we're done with Apple. What's going to happen through earnings I think I think it's going to be an IV Crush I think I think it's going to be an IV crush on Thursday afternoon I'm not too sure, but I will make a video on it on Thursday nights just to see what we're dealing with all right now. The other stock that I've mentioned yesterday was Google and Google played out. It played out almost exactly as I told you guys, it would All right.

Now the only difference between my drawing from yesterday. This is what I drew yesterday as my as what I was seeing for today right? I was I was seeing Google opening up at 142 and then testing the highs of 14 for 80 right just to fill that Gap right here and then closing the day at 140 because of the negative reaction from the FC Again, I'm going to pin that video right at the top right that way I could go check it out and it the only difference is that it opened up a little bit higher at 144 and then flushed to 141 and slowly chopped sideways throughout. like the whole day, right? So it opened up a little higher and then just faded. slowly faded, faded faded right.

It has more room to fall. Will it Play games? That's a maybe. All right, but this is a beginning of a big move down just like just like Intel. So that's my thoughts on Google and that is the end of the video Again, do not forget to demolish the like button.

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