all right y'all Back to war Boy Jerome Powell just sucker punched these markets and driving everything lower And boy do we have a lot to talk about in tonight's video We have new structure setting up right now on the hourly time frame Some big breakouts lower on the lower time frame tick charts And I have a ton of trades I'm tracking for tomorrow And as always in these videos I want to make sure we cover my favorite trades the entries the exits I want to make sure you guys have a road map to make some money tomorrow as well So charts are ready Enough of the intro Let's dive right in Been a great week so far Let's keep the good times rolling Charts look pretty good right now S&P SPY is ready to go tonight NASDAQ triple Q's are all ready I have four important clues on the charts in front of me that are tell me where I think the winning trades are waiting for tomorrow One of the most important clues is right here on the hourly chart 24 hours ago I said we're very bullish on the hourly S&P SPY bullish on the NASDAQ triple Q's And you can see what's happening right now It looks like we have a new structure forming here on the hourly time frame Lower highs higher lows It seems like we're starting to flesh out one big range up here Bullish move up It definitely feels like and this makes sense right we got big earnings coming out next few weeks though it looks like a brand new structure now developing here on the hourly time frame Now remember I like to use the hourly chart as an overall bigger picture right a directional filter if you will So this is one very important clue for tomorrow It's not the most important clue though We got more important clues coming up later on in the video Second clue here tomorrow though is over on the schedule We got some small news for tomorrow There's three things on my mind for tomorrow One of course is that Philly Fed number tomorrow at 8:30 Eastern time But really the most important news for tomorrow though is that TSMC we all heard TSMC before They're a big player in the semiconductor supply chain They'll report earnings tomorrow before the open That is a very big potential market catalyst So we do want to be aware of that tomorrow between 6:30 and 7:30 Eastern time tomorrow morning So that is a known unknown and a big market catalyst for tomorrow We'll talk about how that may play into this game plan We'll cover that a bit later on in this video It's also important number two tomorrow's the last day of the week We have Friday off It's Easter weekend holy weekend coming up this weekend There's no trading I know crazy right markets are completely closed on Friday and so markets will close up on Thursday night and they won't reopen until Sunday So we'll have nothing to talk about tomorrow night So no newsletter video tomorrow night So seems wild right but last video for the newsletter here for the week this week So no video tomorrow night because again this no trading on Friday So TSMC tomorrow But you know our biggest thing tomorrow is what will trade talks be like japan came to the White House today negotiating with Trump at the White House right now Got a bunch of negotiations lined up So you know everyone is listening to the White House news events right now as far as trade negotiations So we'll keep that in mind for tomorrow Back to our charts though We know the money is made on the charts We've got a couple clues left over so far A lot of clues though for tomorrow are over on the tick charts The hourly time frames great for the bigger picture stuff but I don't like time charts I love to use tick charts because tick charts they make pattern recognition so much easier Upper lefthand corner in case you're watching for the first time right now that is a 7,000 tick chart here And by the way that is the 21 EMA It's pretty much the only indicator we use to find winning trades in our trade room There are a couple really really big clues Three big clues here on these tick charts right now One big clue and it is a big clue is a strong move down Now why is a strong move down a big clue because anytime we see a strong move in one direction all of that momentum is from a pullback back to retest that low and bounce off that low Anytime we see a big strong move down a pullback off that low and a bounce on the retest That's one of that's one important clue here on the tick charts Arguably even more important clue right now is that range that we spent most of the day What do ranges do ranges love to break out pull back Breakout pullback You have to think now this also applies to the NASDAQ of course You have to think now the underbelly of that range is certainly going to be a key area for resistance That is a big clue on my mind for tomorrow But hold on hold on Back up the truck Then we have this range right here This range right here just gave the buyers a great opportunity for tomorrow because what do ranges do ranges love to rotate When into that range we chop around That makes the range and now we're rotating off of that low What do ranges do they love to rotate the amount below the amount above We call these pendulum swings in our trade room This gives the buyers a lot of opportunity to run this thing higher So there's a lot of important clues here on the charts knowing all of this We got that big range developing right now on the hourly time frame that strong move down that breakout pullback right there right and that range right here One of my favorite trades here for tomorrow is I would love to get this thing to go up finish off that pendulum swing off that low get up into that breakout pullback zone I would love to look for two trades short off this area One is a bull trap Let those buyers come in Try once try twice If I can get those buyers trying twice I'd love to use their stops to fuel that move going lower Now where's the market want to go it wants to go back down to retest that low So second trade on this is as it rolls lower if I start seeing stuff like this where it separates off the moving average like over there right look at that move right there Strong run down separation lower low You know why everybody wanted that short right there that setup right there I would love to get that right in there Right So separation of the moving average lower low in price I want this before we take out that low obviously right take out that low It's a bull trap and an add-on Now once we get down to that low once we revisit that low now think about this We got that big move down Once those bears get short up here where am I taking my profit target off on this back at that low So sellers up here become buyers down here This is not a great place to sell So it's a great place for you guessed it a bear trap Now bear traps are very similar to bull traps Let it pull back I'm not going to pick a bottom on this right we're not going to blindly buy this stuff and I'm not going to waste your time talking about divergent signals or reading tape and blah blah blah right it's always easier to run stops Let bears try once let them try twice and squeeze those stops running higher because what happens is when you're stopped out of a short trade like that you buy your way out Now these are pretty easy because now we know where the market wants to go It wants to go back up and take out that high So now as it makes that rotation higher think about now how we can add to our winner Separation off the moving average So important It pulls back to that moving average it barely misses it Separation equals strength Higher high in price Get right underneath that low And again I want to be in on this add-on double bottom bear trap We call these retest trades in our trade room Bear trap and an add-on back up to retest the high Now one variation of this we may not get that bear trap down there A lot of times we'll go up we'll get that short we'll run back down again but we won't get that bear trap here It'll just boing off that low because everyone takes their profit targets there So if it really bounces hard off that low and starts grinding off of that low I'm going to draw a trend line off the highs I'm going to bring that trend line down around that low Now look left find some prior swings and I want to get in underneath that low The most important thing though is on these Vbottom reversals like this I don't get the bear trap down there I want to get the first buy the first test is the best test off of that channel Make sense okay So again it'll be a a bull trap it'll be a retest and a variation of this right but if I can't get the bear trap down there look for that V bottom find that channel and don't miss that first test is the best test Now here's a question for you What if I'm wrong we have that big that big range on the hourly time frame What if I'm wrong about this what if earnings come out tomorrow really well and this thing just blasts and run higher how would I know how would I know when to buy that i want to talk about that variation in case I'm wrong on this We'll cover that in a moment Before we do that though let's slow down for a second because I know most folks watching right now you guys know these patterns already But if you're watching this for the first time right now this could be a brand new strategy for you Don't you worry though I teach this entire system all the entries the exits market structure finding ranges Guys I teach the entire road map in my free trading classes In fact I have a ton of examples Bear traps bull traps add-on trades range rotations I'll put a link up top here for you upper right-hand corner Hit that link that popped up there and take that free trading course because the strategy I teach in that short video series will teach you a very simple trick we use in our members trade room that literally tells us exactly where the winning trades are going to be each day More importantly though I want to teach you my four favorite entry setups so you can time better entries make a lot more money Guys the markets they are way too good right now not to be making consistent profits So if you're still missing the best entries each day if you've lost your confidence in your indicators or your current strategy again hit that link that popped up there Watch that short free trading class Everyone loves all the trade examples I include I have a ton of trading examples in that free video course right best part is it's 100% free for you So also to keep in mind too I'm going to put all the important links you need to learn all this stuff I want to help you guys time better entries and make more money with this stuff I'll put all the important links down below the video in the description Start first with the free video course People love that Most folks start making money all on their own with that free video class So start there first And also by the way too if you're on X or the form of Twitter if you're on Twitter X I post a ton of charts and videos and updates in between these YouTube videos So if you're on Twitter X give me a follow Again all the details you'll need to learn more learn the road map hopefully earn a lot more in the process I'll put those down below the video tonight down in the description That's where you want to go if you're brand new here watching this video because I do look at things a bit differently than I think there a lot of other other YouTubers there Okay so where did we leave off okay I talked about earlier I would love to get that up that bull trap back down and bam right by that retest I love you know me right i love retest trades If you're with us in our trade room or you you watch every evening you know how much I love retest trades Love that right love that But here's a question though What if we pop up because again let's not forget about the 60-minute time frame We could easily find ourselves flushing out now one big range here And you know let's face it you know Jerome Powell he kind of he kind of he kind of kicked the market lower today but I mean I read his transcript He didn't say anything that was surprising to me right he basically repeated the exact same thing they've been saying for weeks now right they're going to wait to see what tariffs do and blah blah blah Expect inflation Let's put it this way I have a very hard time trusting the experts on much these days after we saw what happened with CO right so pardon me JPAL right we'll see how inflation does a few months from now because there's just as much data suggesting that we may not get as much inflation as these experts are calling for Anyways off my soapbox throw let's get back to our chart though What if we pop up here at what point would I know it's time to start buying up there it's the moving average right if you watch these videos you know if we rotate higher here and we start seeing some separation Remember separation equals strength This is how you know when the buyers take this thing back right buy it to get back again Good chance we go down bounce back up again Same thing right same thing But if we bounce back up and start separating once we start separating and when I say separating what I mean is is that as it goes higher here all the pullbacks are not going to pull back much below that 21 EMA Okay this is why I recommend only using one indicator If you have too many indicators on here you know it's too many voices in your head Okay so we pop up We now are separating off that moving average Now what do you do in this case well remind me again what happens after a range breakout That range like I said that range it gives the buyers a ton of opportunity We're not quite there yet but it really sets the stage now for the buyers to to do some damage tomorrow Combine that with the hourly time frame So now think about this Now a breakout pullback comes to mind There are two ways I like to trade a breakout pullback The classical one is a two-legged pullback right so one two think about a measured move right one leg usually get below the moving average below the moving average one leg two leg My favorite breakout pullbacks are a bit more than a measured move We we talk about measured moves in that free trading course I mentioned earlier right so make sure you grab that link in the description Bottom line though is I'd love to get a two-legged pullback here Use what was resistance now as an area of support And remember I don't like indicators for this I'd rather wait for the bears once twice Let them try twice there Squeeze those stops Easy bear trap You'll learn that technique in that free video class We'll have examples of that in the free video course And again as we go higher here I'm looking for that separation off the moving average and adding on from there It's pretty easy I think in this example that gap up there is begging to get filled right now It wasn't filled today It wasn't filled on that bounce when China said they were about they were willing to negotiate on tariffs there So it's still left out open there but I would definitely look look at that for a target going higher Another one of my favorite breakout pullback trades If we pop up for example and start grinding going higher if it grinds higher what happens is we can now look for a channel draw a trend line off the highs bring it down off that low You see that's what I'm doing right now Now again I'd love to combine that high with that channel That'd be great Oftentimes though all we get is remember on these pop and grind moves like this you want to go find those swings right find those little prior swings right there and find one of those prior swings that lines up right around the low of that channel You know there's not much guarantee anything in trading but when you see markets like this they pop up they grind like that they separate off the moving average These are about as close to a guaranteed winner as I know about in trading especially after a strong rotation off that low that big range a big structure we see developing right now on the hourly time frame Right make sense okay Now remember it could be a bear trap below prior swings We love to get below that 21 EMA Bears try once bears try twice I like to use two tries to squeeze those stops running higher And again we got targets up top here Leave a runner uh for the gap out there All right one more one more variation of this though I want to talk about and we'll grab the NASDAQ because on the NASDAQ I want to talk about we have we have TSMC tomorrow So what if TSMC there's a lot of rumors right now that we've we kind of hit the peak buildout right a lot of rumors from Microsoft a few months ago They canled some data uh center leases right a lot of rumors right now We saw ASML today uh report disappointing earnings A lot of rumors right now we might have hit the peak buildout right for all those data centers right so there's there's some question What if TSMC tomorrow morning really disappoints and we really rip running lower i want to show you later on in the video I want to show you how a measured move down here A simple measured move technique could be a really easy way to make some profit around those TSMC earnings tomorrow We're going to cover that in just a second here on the NASDAQ But first though let's let's face it This is a range right here Ranges love to rotate back and forth I mentioned earlier I would love to go back to that low bear trap in and bam right and get that double bottom that retest trade from there What if we don't get that what if we don't get that a lot of times what happens is is we see these things start pulling back like this and all we get is underneath We kind of go halfway right we don't go all the way to that low Can I buy right there can I buy that i can But what's the problem though the problem is we still have unfinished business right that strong move down still wants to retest And in all reality I be careful right there right because it may keep on nudging me lower So this one entry pattern we look for when I'm buying a little bit early or premature in this one right it'd be it'd be called crown reversal pattern Very simple I want to see two tries one and two But my focus will be if all I get is like a halfway move down My focus now is is I have to buy I still want two tries I still want higher highs but I now want to get in below those lows All right It may be it may be bit more aggressive too It may run halfway lower It may miss that low and pop back up hard like this And you watch you watch Everyone will pile in right below those lows All right So for some reason we missed that retest of that low and the reason the reason why that would happen would be because that range right often times that range will just it'll make it more difficult because again ranges act like magnets So think about that slight variation slight variation there and I want to buy as low as I possibly can All right I like the way this game plan is coming together Let's now go one more step further here on the NASDAQ We're going to test your uh your skills on the NASDAQ right now You guys know I know you guys know this stuff already but we're going to grab the NASDAQ here and kick this up a few more notches And again on the NASDAQ higher time frame that that uh that big strong run up lower high it just it feels like right now this will soon be one big range here It's just kind of a gut feeling right now I've seen a lot of these charts over almost 20 years doing this It feels like a range here I think worst case scenario right now I don't see us right now unless things change I don't see us going back to retest that low unless something changes which could happen I mean hey right we're now beginning negotiation processes with other countries and corporations right now So that could easily happen It could change here But the worst case scenario I would think that range and that pendulum swing you know that would probably be kind of the worst case scenario for right now until I until I see something new And that also applies to the S&P too right you'll see on the S&P chart from earlier on So again think about this big range here developing right now on the NASDAQ Now before I talk about the NASDAQ tick charts if you're enjoying this video right now do me a favor Please help me grow this channel by hitting that like button for me and make sure you subscribe I know we're all busy people these days I appreciate you guys tuning in and watching my stuff So thank you guys so much for the likes the shares all the subscribes all the ongoing support all the all the support in the comment section I appreciate every one of you tuning in Now I promise I'm done begging for likes Let's now get our hands dirty here on some tick charts here Over on the tick charts right now it's the exact same thing right strong run down The bears want to retest Range up overhead breakout pullback begging to get sold back down again And this trading range that trading range it just it flips the entire thing on its head right because now the amount below the range the amount above the range right it's going to want to rotate back and forth like that And again when you when you combine this with the higher time frame hourly chart it just it leaves the door wide open for a slingshot reversal We talked about this last night on last night's video And of course that gap up there it's looking pretty lonely isn't it it's looking lonely up there Okay so all the same stuff I talked about on the S&P can be applied directly right now to the NASDAQ It's the exact same stuff I mentioned earlier though I want to show you a measured move technique because one thing we teach in our video classes is whenever we have a trading range the breakout leg can be used as a measuring leg Okay the breakout leg can be used as a measuring leg So I want you to think about something like this And again this would be a scenario where TSMC comes out tomorrow We get this you know horrible news Whatever the case is right i don't know right i don't I don't I don't have a I don't have a crystal ball I just want to make sure I'm ready for these if then scenarios So have a game plan to make some money whatever we get tomorrow Okay If we see a strong run down what will almost always happen is this pattern right here It'll be a shallow pullback a lower low in price Everyone will pile in on the bull trap off that high and this will create our measured move All right I don't know where it'll be just yet but this is the formula All right it happens over and over and over again So first again breakout leg measuring leg Okay breakout leg measuring leg Now obviously I Well maybe not obviously I can sell right here but that's a that's an aggressive trade right for someone like me it'd be a half-size trade right or quarter size position right very small position because you're you're selling relatively low But if you know if you like wooden roller coasters and you like looking over the edge of the the Grand Canyon right that's probably your type of trade right there Now you know where it is Okay Now breakout leg measuring leg One of my favorite trades are always those measured moves After a big move like that there's going to be a lot of profit taking down here I would love to find that measured move And remember I'm not going to pick the bottom on this I would love to go out bears once bears twice and squeeze that sucker back up potentially for one big range rotation going higher again Think about that hourly time frame right that big range developing right now on the hourly time frame So I like I like that Again there's aggressive entries on the on the bull trap It's a bull trap we teach in the free trading class I like the idea though find that measured move And when all the rookies are getting to their desks tomorrow morning right after the TSMC and they're chasing after it I made this mistake so many times when I was a new trader But all the time right people come in they chase after it They see this big this big news event they don't realize right they're all the way down here now Horrible spot to be a seller I would love to squeeze those stops and run that sucker back up again And number two number two oftentimes it just bam right it just whoop and runs right back up again If it just pops off that low and starts grinding going higher you know what that means now right when it grinds and separates off that moving average when the pullbacks separate that tells you we've flipped our momentum now off the high off the low It's a race now for first test is the best test off of that low And do not be surprised either Do not be surprised either We run up buyers get trapped we slam back down Remember what I'll do on this one is is I'll always go in bears once bears twice I always take a one to one And you'll you'll learn this in in that free video course right a one one get that stop the point of entry quickly take you know get get some profit in the trade get rid of risk in the trade It's a freebie Now we then run back down to retest that low And sometimes every once in a while we'll end up using that that that big leg down as a measured leg right there That's somewhat rare but that's the idea right the breakout leg measured leg And again you know me Well if you don't know me know this I love retest trades We go back we retest that low Anybody who sells short up here where's their profit targets back to retest that low again Measured move target down here That's what I said earlier right measured moves down here are really a great technique for buying into that big move lower The key is how you find them One try two try right squeeze those stops and back up from there All right guys So all the same stuff we've talked about on the S&P can be applied directly now to the NASDAQ Love the measured move trade Love the retest trade Love that because of the bigger picture on the hourly time frame Now you know that's the game plan for tomorrow Oh speaking of tomorrow by the way 8:00 Eastern time guys the best place to be every morning is is with me every morning in the trade room I'm going to put all the important links you'll need to learn the strategy time better entries make a lot more consistent profits and join us in our trade room each morning Guys the easiest way to start making money in these markets is to do it with me every morning at the opening bell If you love these videos you're going to love my morning trade room with the members here at schooltrade.com So uh all the links again below the video Hope you guys learned a lot tonight Hope you use this knowledge to make a lot tomorrow In the meantime be well be nice to each other out there and you better be here next time Adios amigos Bye for now