e e e e good morning everybody all right so we're getting a gap up today you know um well yesterday was looking pretty good and if you watch the midday video that I put out there um price the movement up ended pretty much right in this area know we talked about prices coming down down to the area of this pivot low and I guess anywhere in this congestion area that's where it stopped and it was just you know not a big deal at the time it look on the 15minute chart you see how the pivots were getting closer together I mentioned that in in the video that momentum was slowing in that area when I did the video I guess it was maybe around that time of day give or take where that pivot was coming up yeah thanks Anthony um and so you know pull back really not a big deal and while this isn't a pivot I'm sure sh hell would be on a on a f minute chart but just pointing out when you get a two- bar reversal like that um you know there isn't three bars to the left as I'm looking at that I don't know if that red bar and green bar are the same price but regardless of that probably not the red one's probably a little lower but there isn't three bars to the left so you know you're not always going to get a perfect setting you know it's set to three but all we need to do is recognize that there's a bar like a larger bar that comes down like that and it flips up that's going to be a pivot so prices came down there it was the end of the day and that's where support was and that's where buyers would be and so now they're gapping up and you know any like any Gap one of the questions is is it gapping above if fact Gap up is it gapping above resistance or is it just an inside Gap that it's gapping up from yesterday's close and what we see is it's gapping up near yesterday's high it's it's an inside day uh let me see what they're saying on uh social media here can you hear me the mic is on all right so yeah okay so everybody hears me in the green room um they should hear me in the uh the other one but nobody's answering me can you guys hear me there yeah Anthony's saying yes thank you Anthony all right so thank you thank you um and as I looked around this morning everything was basically an inside day so all right where do we go from here and we look at where the cues are at and just going back up here to the daily chart they're right up near resistance and into this little congestion area right there it's gapping above a red bar um as we look at different time frames it's kind of clearing this it was tested so what what I would be looking for today right it could be a go above a f minute bars High you know you just we just don't know for sure but we look for probabilities based on the chart so if I said give me my ideal scenario for a long it it would be hey can it trade 15 minutes 20 minutes minutes 30 minutes chopping around there this bar that you can see here could I it doesn't have to be that big but could I get a bar within that say I'm looking at a f minute chart and it goes sideways for 20 minutes and I get a spike down and back up again whether it's a 180 or a bottoming tail bar it doesn't matter you know basically the message is the same um and then where could we go from here so again just looking at the cues you know if it rattled around there at that resistance well it could go up into this area which is what I pointed out yesterday during the the mid the midday market review that would be your NE your next reference point give or take and then you have like you know three days up into a significant resistance area um so we'll see otherwise you know it's going like this and it Gap in crap but Gap and crap is still going to be within an inside day which would be somewhat constructive um we don't know where it's going to end but some retest of this area in you know during this week holding that because we look at the weekly chart and we see it's multiple days down it's into this support and know maybe the the week can close green and then as always we ideally you get a second day of consolidation and then you know make possibly a move up what we don't well depends on your point of view what we want or what we don't want right what we would not want is it closes like this and next week it moves up and gets slammed right back down again because that could lead to a measure to move lower so we're very far from any type of analysis like that because we don't have the bars to even but I'm just I always just point out different things as I look at pattern to say well this is what we have right essentially this is not what we have because this is Wednesday and there's two more days to complete this um as I said it is this is where we're at now we got to see how does it deal with that resistance over there on a 65 minute and uh does it drop from there does it go sideways and you know we use the term absorb Supply a lot of people get confused by that term but all it means is it's at resistance and it's going sideways or Traders are buying the dip and it's and it's holding up in that area sometimes I use the term bullish price action at resistance but just different way of explaining the spiders they're gapping up it's inside Gap up near the same area you see yesterday stalled right where if you watch the video into that pivot low there and resistance and pulled back and formed a topping tail which suggested it could go down but it's an inside Gap we may just get a day trading inside of that bar SPX numbers came way up from from yesterday from the bottom let's just see if we still got quotes here around 51 so it's coming up a little bit as it holds there um so 60 H 60 would be doable 65 would be better you know it's up here and so when we look at that it's like okay this is where there's would be enough premium to do the spread it's ridiculously far away unless you know some new unknown news come out but that's the as I said known as the caveat now would we be willing to take the chance to do something below 5100 a whole number and prices would have to drop from here all the way below yesterday's low below the day before is low and come down here and get through 5100 and if it was dropping like that something's definitely wrong right you wouldn't have to guess about it and so as you look look at that let me say1 let's say 90 and so now you know we go to that and we say Okay 180 by 190 NOP then you decide for yourself five wide 10 wide you can get your juice but I don't think it would go down there but down there where we we just had it you know disclaimer disclaimer anything can happen it ain't going there today so if you can get down below 5100 whatever credit spread you do I think it's a super high probability and you see where my cursor is at that unfilled Gap right up above 5385 is what I grab before and so this was a little bit higher you know so let's just call it 80 could it get there today probably not but it P might be able to get into that area right so it already hit this it's right here could it get there today kind of yeah I think so going to get down here I think not that's credit spread analysis I don't think it's going there all right let's look at the Futures it's uh 9:14 was down here it's up here it's an inside day you got pivots to the left go side ways can it get through that maybe it goes up otherwise we're in a trading range dropping around there up above here and look it could just like any kind of a breakout this is going sideways at resistance so bullish price action absorbing Supply call it what you want it's holding up very well at resistance if it hit here and it's already been dealing with this so that it's got a higher probability that can get through it but how far can it go well you know this is a 24-hour chart it's already run a race from down here to there but bullish price action H maybe you know 5400 or or that Bar's close up there I don't think it has huge upside potential but you could probably do definitely could do a day trade if it gets down below here well can see see where the cursor is you're going to have a topping tail and so we don't have a great opening thing here just because things are gapping up it doesn't mean it's a good scenario it's okay but it ain't great same story sideways there at resistance bullish price action inside day so far we'll see what it does and want Bitcoin same kind of thing little relative strength it's above the pivots um so there's some kind of strength wining here maybe it's uh Regional Banks or bios we'll have to see um little breakout failure there you can see breakout failure and uh little more selling where it tried to go up in that tail there um so I don't think it's a nothing to do at the moment uh the Dow similar to the others just chopping around there back and forth back and forth I saw some of the semiconductors were lower that uh SM scmi was lower was gapping down on a beat so and some other semis will low the index is actually gapping up so something in there I think the video was up but it's it's gapping up you know similarly to the top of yesterday's range with his resistance let's see if we get a you know on Friday what that looks like no Roberto there's there's a there's a bond auction for the 10 year at 1:00 keep that in mind there's some oil news so if you're interested in oil stocks there's going to be some oil numbers coming out um yeah Al oil got pounded down it's at the bottom of the range so maybe some oil stocks Dan if there's juice you know with put spreads if they look someone similar like that um yeah transports so look we talked about these messy charts it's going to take time for things to settle down um you know after such big ranges and moves like that um things just have to tighten up and uh you know the the Fear Factor so to speak has to dissipate and you you see that monstrous move that happened in the volatility index and now it's coming back down to earth um it could turn back up but look that was just a significant major significant move because even if you put this on a monthly chart as you can see all you know 2020 area where it uh it went up to which you would have you know just I'm looking at that and thinking based on the size of that move up you would have thought it was a lot worse it would have been a lot worse than what happened in the broader markets but um it's a lot of oh crap kind of situation after that number on Friday was like no we didn't expect that what do we do now that was that kind of reaction so what yours Dan good morning yeah but it was worse worse on Monday so I think you know the stupid media tried to say it was because of Friday and I'm like really three days earlier you think the market is that freaking slow to digest imp promotion so I I think it was the Japan carry trade is what you know was rocking our markets too and the boxes and all that kind of stuff um all right so when I woke up today the very first and I saw the Futures the very first thing I thought of is we're getting a possible violent bottom here up down up down up down but what that's doing is creating major support on an hourly chart so Alex asked me into the close or so Dan you're not bullish anymore and I said well that depends on what time frame you're asking me Alex and number two I'll tell you in the morning when I when I see the Gap I'll give you my new buice um so there you have it if this can go sideways that's that's an inverse Head and Shoulders I'm the 15 so I'm back to being bullish if Factory works as if this holds what does hold mean a retracement of less than a third it's that freaking simple I'll be looking to put on a bunch of more foots sprads all right and we're 100% bullish of and you know we've substantially increased our exposure arm here we're long stock and put spreads I said over yesterday you can add to IT Crowd same very similar climo nice nice reversals the these are great climo example you know of what type of poent one or two bar turn that we get um I had an alarm go off on HCA see it had a print up here it was not very liquid but I I sent out an alert saying try to sell some pre-market I'm not in the stock I'm in the puts myself um but um I'll be I it's opening Gap up there and then I'll close my puts all right let's go to earnings now um I deleted a ton of these already so if you have any ideas any other things you want me to look at all right this thing this Lumin Lumen I don't know what the heck's got this thing going you know I said yesterday I wouldn't be surprised if it kept under the low and but then I also said let it Gap up huge and you can short a 30 minute low or whatever pattern for a day trade it's definitely getting what do they say off the end of your skis bullish Gap bottoming pattern Airbnb and I have three on my list here I'm watching as excessive gaps this is one um smci is another you they're bearish they're bearish gaps but well actually I take that back this one is not that excessive I take that back that's just gapping of these lows so that is bearish um nevertheless I'll watch it and then tricks um 60 bucks that is one nasty Gap gapping off this entire chart from November so I got that in a window let's continue Hotel Lima um you know we got a ton of climos so it's just finding the cleanest one gapping a five bucks so it's up three bars now but you know maybe 30 minute High um you know I think I'm going to focus just more on the ETFs and The Usual Suspects instead of there's just so many of these you know look at this same Devon gapping up same there's there's so many like this um but put spread idea 30 minute High yeah I took it off my list Alex when it was down see pre-market it was down I took it off the list 59 exchange 30 minute High maybe a ping I set an alarm at 21 see if it can recover upstart that's a massive bullish Gap look at the monthly look at the monthly so even though the gap's Monstrous so I'll keep it on the list Moss gapping up over Le again so many of these but this will be a no-brainer put sprad if there's any juice here's another excessive Gap PGN y I will watch that lab downtrend but pseudo one 123 good bounce ampion under these lows could be a call sprad Lumin is a mess uh I I have an alarm on this that I think 873 bottoming pattern this is a recent IPO um I'll watch it I I like IPOs when you have enough data Massy bottoming pattern look buy setup on the monthly nice turn here after a climb up on the weekly that's a put spread idea I can't tell where it's opening but it would be over yesterday's time I have let me set an alarm one 11040 hey green room just so you know I got um an alert from my cable that they're doing maintenance sometime today and to expect expect outages wonderful this one it's a buy setup but from arounded top so you don't expect a new high but I made this comment yesterday that anything above it's 20 5200 is showing Amazing relative strength in light of what the Brer Market's doing Anthony on YouTube If up Gap up into resistance 100 yeah absolutely so it's a bullish Gap so it's range bound um so there there's nothing to do Anthony except put it in a f minute window and in in the first 30 minutes see if it sets up anything of Interest Tide Water ging down no pattern that's another oil um you know this is a sloppy buy setup after a breakout I'm going to set an alarm oh showing here printing 20 but if there's no prints cuz I I was about to set an alarm at 1803 so we'll come back to that there's tricks esta you know gapping down to yesterday's low th this would be a nice pattern if it turns into a bare Gap that bullies which means it negates this Gap in the first hour I'm going to set an alarm at 36 early always early for me like I said an alarm on coin go off I posted this as a naked foot trade another climo with wide range reversal par mess but there you know mess mess that's just another another climo that you could trade all right I got more alarms going off Microsoft nice that's a nice Gap and nice pre-market base with a void this could be a day trade and also a 2dt um we're we already shorted the way out of 365 I think for next week Massy alarm going off but still no premium arm alarm going off nice nice this is a we're already long this um but this is a a good trade to add looks great looks very good as a new trade IAC it's a climo puts spread 30 minute High all right that's it I went through all the earnings these are miscellaneous TJX bear 123 I'll set an alarm 10850 I Robot ah this was earnings I I personally sold the um the8 dollar naked puts so I will be in very good shape I'm bidding two cents to get out I'm going to set an alarm at 9 just so I don't forget it all right H hotel we have a put sprin and I know Hilton came out oh shoot my data um semis um where we got naked puts also that's very bullish Gap in premarket so that can be an ad here's our HCA I don't know what it's going to do PSX garbage Home Depot I posted as a put spread over this 50 or naked whatever it was I forget I've been doing more nakeds because um you know I'm trying to get a better spread all right Mindy Mindy here another Gap reversal there's so many of these this is a put spread idea my alarm just went off all right HCA all right it gapped up a little but not a lot semis up alarm spot up alarm a spot looks good look at beautiful 15minute charts you all um this could be a f minute High day trade um we're already short the put spreads but you can add if there's any juice um and SMH alarm went off that looks fantastic it looks like it's going to that Gap fill or minor resistance crowd up alarm I Robot up alarm that's for me though not you all right so Q's obviously the strongest here premarket um all the Fang every single thing has pretty a bullish 15minute chir zoomi is triggering but it's like super light volume I think it was one dot so don't I don't know what's going on with that doesn't even look like it's trading but it it's near yesterday's high the one rising at at the 20 of a um spot um we're already in but looks great Hughes alarm Zulu Sierra alarm nice we did we did a put spread yesterday we did into the close 157 152 let's move stop here Zulu Sierra 165 it's that down it's that 15minute resistance um but sure could be wrong look coin remember I mentioned the puts a naked puss um one our is that for um FR I I I gave one as a trade a new trade for next week all right hom Depot it's over this pivot right here 3587 what did I post three yeah that's wrong yep yep yep yep thanks let me set a new alarm that coin yall got to help me with the juice bar this I posted triggered crowd is moving CMG up alarm we got out yesterday but I said I um I was going to set a new alarm because it looks higher coin next week 150 puts uh 46 by 75 so we're not going to get filled um I'm going to go low offer on the 145s myself C CMG yeah 30 minute High look at that 15minute chart I know it's up two bars but this looks higher it's a complex bottom with a bullish 15 30 minute high that looks great e cues Let's see we have the 45 puts that expire Friday 11 cents got that smci here breaking down Airbnb breaking down I already mov stop here so that's fine um it came down hard Alex so do not expect a new high man rocking here spiders again there it's amazing correlation over the last few months of these things freaking amazing yeah yeah there's no this is not a swing trade but these are amazingly bullish 15minute charts for day Tre [Music] you not sure the Target coming into the C fi uh yeah I'll set an alarm I like that yeah nice relative weakness all right Alex that CVS gave it up so I'm going to stop now it look CVS looks like a short I set in alarm here 61 there all right this Hiatt puts sprad of mine is not looking good he is on life support right now of killing him our stop 1299 eight but I am not liking it HCA yeah I seriously doubt we sold up it there [Music] that's a beautiful put sprad idea look at all that support being some made over time and 73 for next week would be a no-brainer 4954 AMD up alarm I was looking ugly yesterday all right let's do um what spread for next week e e [Music] all right that's not going to give us an exra shoot I'm not chasing but look at that a Starbucks oh oh Oh Ship where's my brain oh you know why because because my my AMD alarm went off so that was in my head as I was typing man I need some more coffee but you know what ringan it's it's um it's what I call harmless error and here's why number one I posted the chart in telegram number two if they did go to AMD and try to sell a 7370 you sure as hell ain't getting 33 cents so they're going to be emailing me what I don't understand this they'll be bicing a AMD is $135 why why why are you telling me to Short of $73 straight Dan I didn't learn that in your seminar and I'll say yeah it's the it's the miscellaneous chapter of using common sense you need to um you know go back and take a look at that again all right oh there's no way we're going to get filled now being Wednesday 122 yeah not there's no freaking way all right so ignore I was just showing you what I had posted but if it closes like this and then takes out yesterday's F oh my my alarm was early by the way so that it didn't even trigger bman Sachs wouldn't be bad with some kind of continuation or pullback kind of day trade maybe it gets to the 20 on the The Daily I mean it's just sideways gapping up from an end of day base 5 minute isn't bad it's not extended you can see the markets are just sideways here somewhat bullish they're not uh no one's ready to jump in there and I'm a little concerned of a breakout failure kind of thing but you never know smaller size and big stop e e e e be much weakest spot that five minute price action on the spiders is pretty good the Red Bar was a little bigger and it's retracing this five bar not done but that's the kind of price action you want to see in a sideways base not just all bullish bars W Goldman wrapped off the lad esta alarm hey that's the what I said see if it turns into to a be Gap that bullies so 30 minute High you could sell $34 puts if there's anything all right Airbnb I got zero interest in here smci he's no pattern another tricks this one I like the best of the three or let PR there something choose f there's no weeklies and the 55s are zero by 85 so no interest oh I forgot about my ey see I'm bidding two cents to get out of my $8 puts but they're only I hate when they do this when they have a 5cent minimum bid can anybody anybody explain that to me why I cannot post a 2cent bid so the market maker is forced to post it at five at 5 cents for some stupid ass rule that irritates me but I can still get out by paying the offer on a higher strike to block in the games but still it's annoying because I want to get out of two cents uh Disney was all over the place this morning still no pattern this one guy on Fox Biz being interviewed Fox the business Channel he was just pounding the table and buy it I'm like all right you're definitely a fundamentalist not a [Music] technician yeah yeah I mean think about it if you were long I sure would have had a stop a two minute low Intel I have an alarm look at this dog still can't bounce even with the market rocking alks I have an alarm at 28 look at this wow this thing I had this as a put spread watch it's a ADR again must up Toyota motor remember I was trying to sell a a 155 put this day didn't get filled all right mags are up obviously that vix was a great trade my only regret is not doing bigger position size because I was so confident about that um does this thing have options this could be a this could be a 30 minute low call sprad and they should be jacked yeah but I can't get a good midpoint yeah the 910 for Friday are 12 cents mid point yeah that's what I just said for you know naked calls or any any any flavor of bearish and trade fit your fancy Massy gaps too big I didn't see the Gap pre-market remember but I like daily weekly monthly but no interest now revl I said was a buy setup I didn't see that big gap earlier look at the monthly Bing pattern but it's going to take a week or so for it to set up for me and I don't Alex I just looked at it what what do you want me to say I said I already said that I said 30 minute low short and I was just looking at um I was just just talking about a call spread all right estra I'm GNA set a new alarm 3650 36 30 see is rocking and rolling sem let me see where we're at I think it's time to take some money here too I am not interested in swing trading here so don't get me wrong SMH is 2195 in fact I I got out early a bunch of stuff myself smes are 10 cents Okay so so we we closed half at 10 cents that was my target so that is me you know what let's just take it the whole thing instead of sitting around you know it's one of these Common Sense things of of our Max profit what's eight divided by 9 89% Alex good you you know what Alex good you did not buy leg at the very same time because then what do you think your post would look like well in it it' be peg leg in and then that would you know look a little strange you know h stopping out you dog I did not you know bar by bar analysis is so important I knew that thing was on life support the way it closed yesterday esta alarm again yeah that's why exactly right and I remember I made the comment I said I was also playing with fire kind of like ADI and AMD having earnings but