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[SP500, QQQ, TSLA, AAPL]

In today's video, I'm going to be sharing with yall some stocks to keep on watch for today. I'm also going to be doing an update on the overall Market There was some major events that happened yesterday and we're going to look at what to expect today and within the next few days. So let's dive right into the charts. Right off the bat we got this spy and uh, so far the market is still very very bearish as y'all see on the charts.

I Shar with y'all the bare flag in the last video and I also give you all this green circle right here at 428. Now it's it. It's it's almost there. Like it's it's nearly there.

It's pretty much there right now. The question is, are we going to go down lower or do we see a bounce today? Well I'm looking at a lot of setups and a lot of structures with the other stocks and to me is henting like we might make another move slightly lower. Just because the Spy got there doesn't mean QQQ wouldn't drop some more. Like we could see a little drop all the way down to 426 before we see a bounce.

That's kind of what I'm seeing. That's kind of what I'm seeing right now. Um, looking at it the way it is. Next level of support is at the very bottom.

at 4200 it will be very wild selloff. If we got there, that would be. Let's see that would be about a negative 1.8% drop or two negative 2% drop. Actually, if we got there today, it's possible.

Is it likely it's slowly? Likely it's possible it's possible that we dropped that much today. It is possible. So just keep that in mind. Keep that in mind.

Now we're going to look at QQ because QQQ is showing the structure on the charts. Uh, first we have this descending triangle followed by a lot of Wicks at the bottom which is kind of aggravating right. It kind of looked like a bear trap in the morning. and then we had all of this chop throughout the day before going lower in the afternoon.

All right now again. Um, since everything is looking kind of bearish right now and this structure right here is still in play, Will we see QQ play some games before going all the way down to 354? it's maybe all right. You could also just sell off and just go straight to 24, but that's what I'm kind of seeing with QQQ and move down here. Now with the Vix, the Vix had a structure yesterday I've been giving yall some hands with the Vix about it testing uh $21 again so it got to $21 again.

but as it was getting there as I was getting there it from the bullish pended on there which broke out at like 130 right? So with this bullish pened we had the first test which I told you would happen on like two weeks ago. and then we had more Um attempts throughout the last 5 days. And now that we broke above it, the next level to try to get to is 25 I think right? I think it's 25 and again, if everything sells off if the Spy does what I just told you it would then we could see the fix run to 24. Maybe 25.

Now is it all going to be in one day? I don't know and maybe today end Friday in Monday Um but what I do know is that there is the bullish spended on the chart right here so the odds of us going lower is is is pretty good all right, but just keep your eyes out. Um, be very meticulous. Be very picky with the structures that you trade right? I'm just keep I'm just making these videos to keep y'all informed as always. Now let's dive into the first stock to keep on watch today.
The first stock to keep on watch today. That stock is that stock is TTD All right now with TTD uh I Want to share this one with you guys because there is. There is two structures on here. the first structure.

I'm going to remove this line. the first structure is on the 1 hour right here. All right. We have a descending triangle on the chart.

It looks like a retest at the open Watch How It Behaves If it drops below 74 75 then the odds of us dropping to 70 are good. So set your alerts like I did right here on the charts and just wait for the Bell to ring if it rings. The odds are good for a continuation down. All right, all the way down to 374.

Now I'm going to press contrl Z There you go Now it's there is the ascending triangle within a massive bearish pet right here on the charts, right? So, and it's about to open up nearly, it's about to open near that price that it closed yesterday. So I am leaning bearish towards it until it gives me another reason not to be bearish on it. So that's the first St to keep on watch for today. the next stock to keep on watch for today.

That stock also broke down well. we're going to look at, we're going to look at PDD. All right, and the reason why I want to share PDD with Y'all is because relatively speaking, PDD is overvalued. and by relatively I'm talking about I'm talking about the other Chinese stocks like a lot of Chinese stocks have been beaten down throughout like this entire week and Ptd has kind of been holding its own.

Now what I do think is going to happen with Ptd is that it's it's going to have a I'm thinking it's going to have a selloff just to try to catch up with the other Chinese stocks. All right, I Think it's going to sell off the most because it's been trying to hold, uh, the highest out of all of them. and right now I Think that if this alert rings at 102 points like right below the supports, there will be Panic there's some Di buyers right here and I don't think they're too happy right now with the price not holding up above one 104. So just SE your alerts right there and if it rings, the odds of it of we fall are good.

It's been like chopping downward slowly. I'm just going to draw this line and see if. Yeah, all right. so we can see there is this thing right there.

There's this thing on the charts right? and if it break below that line and we even get below 101, we could see an even more aggressive sell off all the way down towards all the way down to fill this right here at 98 bucks, maybe even lower. Who knows. But that's kind of what I'm seeing with PDD I have my alert set on there ient you should too. All right now the next one to keep on watch.
Let's talk about let's talk about Netflix cuz Netflix Had a huge day yesterday and a it formed a a hammer. It wasn't quite the sell off at the open that I was anticipating. It actually held above above support. No, it held above resistance.

That's that is a neckline from this structure right here still holding above it. It's going to open up at the same price. We'll see how it behaves usually after. like the big earnings win.

If the stock manages to hold the this level, there's going to be a big candle happening. The question is, is it going to be today or is it going to be on Monday right? I Don't know exactly. It depends on how long we hold up here. If you hold up here until the 9M on The Daily catches up, then we could probably see a delayed move later on.

maybe even like in the middle of next week towards 420. But it has to hold. it has to hold. That's it right now again.

um I don't see any clear opportunities on there I don't I don't really see I'm not really too tempted to uh to take a trade on this one. Not really too tempted, but we'll see. things can change, things can change. Um now let's see here.

let's see. let's see. let's see. Uh, the last one that we got to look at is the last one that we got to look at is uh, not Baba AMD All right now with AMD AMD Is Trading has been testing the support of 101 right here and another one right here and another one right here.

Set your alerts at 101 and wait for the break down. If it breaks down then we could see a drop all the way down to it's like 99 today I Think All right. So that's my very honest thoughts on all of these stocks. and then that is the end of the video.

Again, do not forget to annihilate the like button. As always, don't forget to subscribe. If you are new to the channel, this is a morning video. Again, to have access to these morning videos, become a channel member and select morning videos.

Um, if you like to be Po private Discord Community Where you can get all of this information in real time as I see it, you can find it as the first link in the description of the video below. If you haven't follow me on social media yet, you can find me at Paul Anduma Knowledge Lab on Instagram and on Twitter. And lastly, if you like to get some free stocks with Weeble you can use the third link in the description of the video to sign up and get those free stocks. All right, let ladies gentlemen, my name is Paul Goba We a Knowledge lab where we trade patterns, patterns only and I will see all of you in the next video.


By Stock Chat

where the coffee is hot and so is the chat

3 thoughts on “Why the market is crashing!”
  1. Avataaar/Circle Created with python_avatars wilwil says:

    What a crappy channel

  2. Avataaar/Circle Created with python_avatars Adrian Chesebro says:

    Thoughts on AAPL?

  3. Avataaar/Circle Created with python_avatars SH33 - says:

    Appreciate it Paul!

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