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Everybody welcome back to the channel. Is this? The bottom. Is this the moment where we start seeing stocks rotating towards the upside and rallying up in today's video i'm going to be breaking down my thoughts on what y'all should be watching out for tomorrow. I want you to be very prepared for the volatility that's coming ahead.

I'm also going to be sharing some stocks that you should be keeping in your watch list as well now before we begin, do not forget to annihilate like button on your way in, and also don't forget to click on that subscribe button. If you are new to the channel right, so let's begin right off the bat um, so the market right now. This is the spy um it's it's currently neutral. It was up by 0.30, but now it has come down.

I'm not convinced by this. I'm really really not: the volume is not there, which is concerned all right yesterday. It showed this inverted head and shoulders. We got the left shoulder, we have the head and then we almost have that right shoulder.

But the problem is: is that it's getting a little bit too wide and that's the problem all right. Somebody could also argue that you know maybe we're just looking at a bullish penny all right and the bullish benefit could be right here. It could be right there which sort of kind of broke out in the afternoon after the mfomc minutes came out, but right now it's just struggling. It really really is struggling.

I will be shocked to see the market run all the way up to these highs. Right here towards 4100, i will be very, very shocked, um. I think that we're going to, i think that we're going to crumble, like immediately at the open and i'm going to use some other stocks to explain my thoughts on why. I think that this little breakout is not going to work.

Let's check out the dow jones for those of y'all who have been subscribing to the channel. There have been some stocks that look like one thing, but did the complete opposite of what you would expect a long time ago i shared a stock called hua. I think um h-u-y-a. It showed a structure like this right.

It showed a very clean structure like that. A bull flag or just a bullish channel that broke out right here, just like that stock and the dow jones is looking similar to now, something that is very frustrating, especially for the hopeful or looking for all the breakouts in other to go um to buy in And go long right, um! Something that tends to happen is that it breaks out right. We still got time. We still have about 12 more hours before the market opens.

A lot can happen in 12 hours, so it could just go up here chop around shop around and then, when the market opens, we see something that looks like this all right. It goes right back into that channel. It's very frustrating. It has happened before and um.

How do you know that it's going to happen, there's a lot of things that you have to take into consideration to know that to know whether something is like there's a real pattern or a fake one like this one right, i think that it's going to fall. I think that it's going to crumble, um so watch out for that. Yes, it broke out, but it's not convincing. I'm not convinced um now another stock, let's see a stock, that uh kind of also made me really change my mind with the with the structure of the spy and also for the dow jones is the video very big stock that had earnings today so nvidia.
I don't know what their numbers were, but the reaction is what's most important, whether they did phenomenal and crushed all the numbers and they raised their guidance and everybody is happy right. The reaction sucks. If you look on the chart um, it looks pretty terrible. We got this thing going on.

It used to be bullish right, it used to be very, very bullish, looking kind of promising, and then it brought it right underneath tomorrow, if everything plays out, like i just told y'all, with the with the indices, and this thing actually plays out because it kind of Looks clean to the short side um. It could open up here at 158 right and then immediately start falling all right and then start falling again all the way until the end of the week today's wednesday. So we got to thursday and friday as well. So um watch out for that watch out for this.

That earnings was pretty much a make it or break it, for i think, for the overall market because of the because of the influence of the stock and um like if snapchat fell and kind of moved the market in that direction. A terrible reaction like a really really bad reaction source 140, could have made the futures go down by like negative one percent already, but this is kind of minor and i think it's just um the start of a bigger move to the downside tomorrow. All right! So that's how things are looking right now, as i see them another stock that didn't do too well through earnings was snow. All right now snow have been beaten down already, but this is just like um.

The reaction was even more negative on this one. So bear flag break down earnings. This one follows through with the charge structure. It doesn't always follow through with the charge structure like it could have looked like this, and then the reaction could have went this way where it goes all the way up towards 160 and all of the short sellers get destroyed.

It could have went either way. The the the direction the reaction to earnings is completely um unpredictable and holding through earnings is 150 gambling, like i always tell y'all in this channel, but now that we know what the reaction is, i'm leaning more bearish for for tomorrow now another stock. That y'all should be keeping in your watch list that one i'm that one is for for later is dash. Now dash is looking it's looking bullish for now it is.

It is, and there's two ways that i see it. The first way that i see it is that a bullish, pennant address, broke out all right and it may do its own thing. They may announce magical unicorn use in the afternoon and then we can see the stock just fly up to 75 and go to 85. In the perfect world that that could happen right or we go all the way up here now, another way that i see it is another way that i see it is this.
Let me just zoom out get rid of this thing right there all right and it could just be flagging, and i don't know exactly when it's going to break out and the flag is there and it could just chill in here, go up to 71 and then On on thursday and then on friday collapse and then bounce again going into june, and then maybe we see a rally in june right. So these are the two things that i see with with dash. Either is ready for a pop and they run tomorrow or it's going to chill go sideways, some more and then run like in in the middle of next week in june somewhere. So that's that's something that i wanted to put on your radar for tomorrow.

Another stock that is looking kind of suspect and i think that it might not be done dropping - is facebook facebook. If you look on the weekly over here now, there is that line of support. That's there, it tested it once this was before earnings um. The reaction to earnings kind of saved it - and i explained the the um how that line can can work in some instance like this one, all right or it could not work like with netflix.

For example, netflix showed the same line and yeah. It still went right through through the floor now. This one is trying to retest again. The week is not over.

Yet this is the weekly candle. If tomorrow is bearish, this is going to get even longer like this. It might look like this all right. It could even go all the way down to 158 and then obviously the next week that follows is june.

We may see a bear trap if shorts get too creepy. Alright, that's kind of what i'm seeing with with facebook. I don't think it's quite done yet, and the last stock that y'all should be keeping on your watches is neo and the reason why again, the wiggly is bearish. These individuals right here are a bit worried.

Um it formed a morning star. It's not looking too good. It's really really not um. It's nice when, like the next scandal after morningstar, is like right at that level or slightly above right, and then we continue like this.

But this is not looking too great and also, if you look on the daily, there is the gap at 13. That is worrisome and that might get filled this week right over here. So, just don't be surprised, don't be surprised, i'm just um, showing you all these things, so that y'all can be better prepared for tomorrow, all right so yeah, that is the end of the video again, do not forget to annihilate the like button for the youtube algorithm. As always, helps channel a lot and i lost more people to get this knowledge as well.

Also, if you are new to the channel - and you haven't done so already - definitely, click on subscribe and click on the notification bell, along with all notifications. That way, you don't miss out on future uploads if you'd like to be part of a private discord community, where you can get all of this information in real time. You can find that as the first link in the description of the video below, if you haven't added me on social media already, you can find me at paul and bulma in our pedanology lab on instagram and on twitter. And lastly, if all of this is brand new to you, you want to get started in the stock market.
I love some very basic step by step directions in the description of the video below step, one to step three. It only takes about 10 to 15 minutes. For you to sign up for all the tools, you need start trading immediately. You can also get some free stocks after sending up weeble using the third link in the description of the video below.

Once again, ladies and gentlemen, my name is paul guma, with analogy lab, where i betray patterns and patterns only, and i will see all of you in the next video you.

By Stock Chat

where the coffee is hot and so is the chat

5 thoughts on “Will the market bounce this week?”
  1. Avataaar/Circle Created with python_avatars Denzel Davon Byrd says:

    Hi Paul, can you breakdown Palo Alto Networks?

  2. Avataaar/Circle Created with python_avatars alstone h says:

    🙋🏼‍♂️👍😁ty

  3. Avataaar/Circle Created with python_avatars Big-Eyed Fish says:

    Let's go Paul!🔥

  4. Avataaar/Circle Created with python_avatars harrydickson says:

    I'm new to trading. How can I make more profitable investment in crypto without incurring much losses?

  5. Avataaar/Circle Created with python_avatars Octavia says:

    Thanks

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