Ugly pullbacks across the board. S and P 500 cratering cryptos cratering real stocks like Netflix and Tesla cratering penny stocks going nowhere.. Is it the end of the world? Let's discuss., All right, everyone be sure to like share, subscribe and ring that bell to be notified. As soon as we drop a new video., You know the great thing is we do we do a lot of what are called.

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End of the world we may all be living in caves by the time this video is done., But anyway ring the bell and, as always, I am lead trainer with stocks and trade. Tim Bohen., Listen, there's all you'll hear me say this: a lot.. If you've been on Pre Market Prep, there is always a trade out there. Okay, There will be something.

Listen. E X. T N was a runner from this morning, perking back toward the high of the day.. At some point we can flip short bias..

I mean there's always opportunity in particularly penny stocks.. That being said check out the SteadyTrade team. Every single morning. I'm live every single afternoon.

I'm live okay. That is the best way to learn all markets.. Okay, listen! We're gon na have big down days.. It's just the way things work.

We're gon na have big up. Days. We're gon na have weeks of sideways grind.. The SteadyTrade team is a year long.

Two webinars every single day we break down every sort of market. All right. That being said, let's talk. Okay.

Keep in mind. I'm going to talk a lot about the S and P 500 and I'm also going to talk about Bitcoin, but remember I do reserve the right okay.. The market is very shaky today because a lot of uncertainty in all over the world COVID et cetera., But really today the theme is Ukraine. Yeah, I'm recording on January 24th, lot going on in Ukraine.

A lot of uncertainty. You know where Russians are moving in.. We pulled people out of the embassy., So keep in mind. This quote and write this down., And this might be the overall lesson from this.

Video. Markets hate, uncertainty., Okay, One more time. Markets, hate uncertainty., And I bring that up because right now today, there's a lot. We don't know., There's so much, we don't know..

Perhaps this you know. Perhaps we you're watching this video a couple of months from now and you'd, be like you're crying. That turned into nothing., Okay Or maybe a couple months from now, you're gon na be watching it and maybe we'll all be, maybe maybe we'll be at bootcamp together'cause we've Been drafted, you know to go fight in Ukraine., Okay, all joking aside, but I mean the point is when, when there's a lack of information and when there's a lack of transparency of knowing what's gon na happen, obviously we don't have a crystal ball markets. Get scared people go to cash.

And it's smart. Okay, That's what you should do.. I mean listen most of what we focus on the SteadyTrade team. 99 percent is short-term, trading.

And, what's great about that, is we just we're trading trends, we're trading chart patterns et cetera, and we can easily go to cash. We're not looking to hold these stocks for years or decades or any of this stuff.. So when you don't have when you have no idea, what's gon na happen geopolitically, when there's when you have no idea what's going to happen with the pandemic, when you have no idea what the fed is gon na announce two days from now big announcement on Wednesday. Okay, you can just go to cash.

And that other than markets hate uncertainty. That's the other biggest point. I'm gon na push on you today is don't underestimate. That.

I mean listen. I got ta believe most of these videos are geared towards newer or intermediate traders.. I got ta believe the majority of you are part-time., You've probably got a job or a freelance gig.. You don't have to constantly be involved in the markets., So when CNBC or all the other media is screaming that it's the end of the world, you literally can just not care.

Okay. Now I know you should still care about. What's going on geopolitically, but money-wise trading account-wise just go to cash., Whether you're long short et cetera. Just you know, leave that money there.

Save your day trades. You know, save your cash and re-attack when the market is more geared towards what you do.. Now again, maybe your short bias great day to short, but two weeks ago, when the market was breaking out to all time highs really tough to short.. If your short buys that's when you go to cash., So don't try and fight the trend.

All right And just don't please, please, please please.! I cannot believe how many people screw this up.. Just It's not that big of a deal to just sell your crappy penny stocks or even your swings.. You know again Tesla's pulling back just go to cash.. Maybe you take a small win.

Maybe you take a small loss? Maybe you break even, but you don't have to stay involved in the markets, and that is one of the greatest things. All right. That being said, let's talk predictions and let's talk where we're where we think we're going to go from here. Number one.

I reserve the right okay, the big asterisk on this prediction is if it gets bad. Now, if you watch my videos and if you've seen me, you know I'm an eternal optimist.. I think that I think things will pan out pretty well.. There may be some bad stuff along the way, but I think things will pan out in Ukraine and we'll look back and we'll be like yeah.

It was scary on January 24th, but things are okay today, you know February, fifth or March second or something okay. But if things get bad, I can't I know I again. I don't have a crystal ball. So stay in cash is what I'm saying..

So assuming things don't get really bad geopolitically monetary policy et cetera, here's my predictions., I think we're gon na bounce we're gon na pull back to some technical levels.. If you were on Pre Market Prep this morning, you know I talked about that level on Bitcoin and I'll actually reiterate that. But this is what I think we're gon na see again for the second time, barring some sort of bad mix up okay.. We had a lot of resistance back here.

In you know, in kind of mid 2020 you know., We kind of all through the summer a lot of resistance at that four 20 level. On the S and P 500., I mean basically, we were sideways almost the entire summer, even though tech stocks were raging et cetera., Then we pulled back in the fall and bounced off that and then proceeded to go to all time highs.. So I think that four 20 level on the S and P 500 and remember you - can track the Dow it's gon na be a different level.. The QQQ is the NASDAQ okay..

Just look at the calendar.. Ultimately, look at the calendar., I'm keying off of summer 2021. As well as fall 2021 for that key level of the resistance which then becomes support. So again as of today, we actually did as of 20 minutes ago bounce off of that four 20 level..

And let me jump back to the daily.. You can see that we're grinding back a little bit off of that.. Let me bring up a daily on the S and P., So we pulled to that four 20 level as of right now, that is the low of the day. Okay.

That breaks we get bearish.. That holds, I think, we're bullish and we trend right back okay.. So drop me a comment.. Listen, I'm basing this off the technicals and I'm basing this off of the fundamental aspect that I think that we will figure things out in Ukraine.

Okay, But four 20 breaks the news gets, you know if we got a land, you know if we send boots on the ground. You know: listen delete this video. If we got boots on the ground in Ukraine. It ain't gon na be good.

Okay, So four 20 is that level.? I look for basing in the S and P. And then I also want to talk about Bitcoin, because this is again very similar to what I drew on Pre Market Prep this morning, very similar type charts.. So we had resistance at 35 K back earlier in the year.. Then, through the summer we had support at 35 K and were pulled back to that level..

So as of right now, I think that 35 K is the same as the S and P four 20. Levels., So I expect - and I know I keep giving myself a way out - Trust me - I'm trying to give myself a way, out., Barring something like really bad geopolitically. You know it's already mixed up again, who knows: Okay, barring something really really bad. I think we're gon na bounce off that 35 K level and we're gon na bounce off that four 20 on the S and P 500.

And my friends, we will figure it out and understand that until we figure it out. Okay, if my predictions are wrong, if, if, if, if the the news flow continues to get worse, you can stay in cash and crush it at your day, job, okay, You're again, if you're a freelancer or you got a your day, job at an engineering firm or Whatever go to cash and crush it at the day, job. Get a raise., You know get a bonus from the boss and when the market turns and gets more favorable for trading, especially low price dip and rips and poles et cetera, then you dip your toe back. In.

Speaking to that, when that changes I'll be here I'll be ready., I've been doing. I did over 3000 webinars in five years. I'm not going anywhere. Check out the SteadyTrade Advisory check out the SteadyTrade team.

I've been here every single day., Well, every single day for 15 years., Now from a mentoring standpoint for five I'll still be here., The market'll be here I'll, be here.. You don't have to be here in choppy wonky markets when who knows what's gon na happen in the world. Focus on the best setups during the best times.? That's how you grow your account., That's how you become a full-time trader, if that's your goal., So all right! Everyone. Have an amazing day.

Drop me a comment., Hey, let's see., Let's see where we play out.. What's the S and P 500 at today, What's Bitcoin at today, Did they bounce off four 20 Did Bitcoin bounce off 35 K or is the S and P 500 at 50 bucks and, like I said, we're living in caves and Bitcoin's back at 30 cents? Hopefully my cave is near your cave, and maybe I can trade you some firewood for some mastodon meat or something.. So anyway have a great day my friends. Check out the SteadyTrade team and we'll see you next time.