$SPY STOCK MARKET UPDATE 23rd JUNE ( BEARS TESTING DEMAND ZONE LAST 2 DAYS )
Summary
TLDRThe video script offers a detailed market analysis for the upcoming week, highlighting bullish and bearish trends across various stocks and indices. It discusses technical indicators like MACD and support zones, emphasizing the potential for pullbacks and price targets. The speaker also covers specific stocks like Tesla, Microsoft, Apple, and Bitcoin, providing insights into their current market conditions and future projections, while advising caution and due diligence for traders.
Takeaways
- 📈 The overall market conditions are described as continuously bullish with a few technical indicators showing overbought conditions.
- 📊 The MACD indicator is noted to be almost overbought, suggesting that the market may need to 'fill up the gas' to continue its bullish trend.
- 🔍 On a smaller time frame, such as the 4-hour chart, the market appears to be giving mixed signals with a slight bearish trend developing.
- 📉 The 30-minute chart indicates a bearish trend with the market testing the support zone, suggesting a potential pullback or short entry opportunity.
- 📅 The upcoming earnings season and the transition from the second to the third quarter are expected to influence market movements.
- 🚀 The speaker anticipates that the market could test the cloud or support levels, hinting at potential downward movement.
- 🤔 Technical and fundamental analysis is emphasized as important, but the speaker also notes the unpredictability of market makers' moves.
- 💡 The importance of watching for market maker moves and waiting for clear signals before making trades is highlighted.
- 🏁 For specific stocks like Tesla, Microsoft, and Apple, the script provides analysis of their current market positions and potential future movements.
- 💻 The speaker recommends using trading view and understanding technical drawing to better identify entry and exit points in the market.
Q & A
What is the general market condition described in the script for the upcoming week?
-The general market condition is described as continuously bullish, with the daily chart showing all conditions looking bullish.
What does the MACD indicator suggest about the market's current state according to the script?
-The MACD is almost overbought, indicating that the market conditions are overbought and a potential pullback might occur as the MACD needs to 'fill up the gas'.
What is the significance of the 4-hour chart in the script's analysis?
-The 4-hour chart is used to identify a bearish cross down, suggesting that bulls are slightly giving up, but the overall conditions remain bullish with sloping support still intact.
How does the script discuss the impact of the COD (Call of Duty) gaming month and option expiry on the market?
-The script mentions that the COD gaming month and option expiry could have influenced the market's bullish trend from April to June, as the market may have been anticipating the earnings season starting in the third week of July.
What is the potential market scenario if the market breaks the demand zone according to the script?
-If the market breaks the demand zone, there is a high chance (70-80%) that the market could go lower, especially if the demand zone flips downward after a retest and rejection.
What specific price target is mentioned in the script for a potential short entry if the market bounces and rejects?
-The script mentions a price target of around 546 for a potential short entry if the market bounces and experiences a rejection.
How does the script analyze the QQQ (Invesco QQQ Trust) in terms of its bullish or bearish stance?
-The script analyzes QQQ as having a solid bullish daily chart but a bearish 4-hour chart, suggesting a potential pullback if support at 479 breaks.
What is the script's view on Tesla's market behavior and potential future movement?
-The script views Tesla as being in a sideways bullish position but warns that any bad news could cause a significant drop, as Tesla is not moving much despite the overall bullish cycle.
What advice does the script give regarding trading Apple stock based on its technical analysis?
-The script suggests that Apple could be a good short opportunity if there is a bounce at around 208 and a subsequent breakdown, with a potential target of 197.
How does the script discuss the potential trading opportunities for Nvidia and Bitcoin based on their current market conditions?
-The script indicates that Nvidia is bearish with a target of testing 125 and advises caution, while Bitcoin is heading to 60,000, suggesting a bearish trend with bulls giving up.
What is the script's final recommendation for traders regarding entry points and understanding market conditions?
-The script emphasizes the importance of understanding entry points, market conditions, and having a technical drawing setup for trading view. It advises traders to wait for the right setup and not to rush into trades without proper analysis.
Outlines
📈 Market Analysis and Predictions for the Upcoming Week
The speaker provides an in-depth analysis of the market conditions for the week of June 23rd, focusing on the bullish trend on the daily chart. They discuss the need for the MACD to 'fill up the gas', indicating a potential pullback due to overbought conditions. The 4-hour chart shows a bearish cross, suggesting a slight give-up by bulls, but the overall bullish trend remains. The speaker also considers the impact of the COD wing month option expiry and the upcoming third quarter, which could influence market movements. They conclude with a focus on the 30-minute chart, which indicates a bearish condition and a potential entry point for short positions if the market bounces and rejects at a certain price level.
📉 Bearish Market Outlook and Strategy for QQQ and IWN
The speaker continues the market analysis, emphasizing a bearish outlook based on the 30-minute chart, with an 80% chance of a downturn. They discuss the importance of the demand zone and the potential for the market to test support levels. The analysis includes specific price points to watch for potential short opportunities, such as the 54578 area. The speaker also covers the QQQ and IWN stocks, noting the bearish signals and suggesting caution on the long side. They highlight the importance of waiting for market makers to make the first move and the need to be prepared for both bullish and bearish scenarios.
🚀 Sideways Movement and Earnings Season Impact on Stocks
The speaker shifts focus to individual stocks, starting with Tesla, which is described as 'sideways bullish' with a potential for a significant drop if negative news emerges. They caution about the overbought market and the upcoming earnings season, which could lead to a healthy pullback. The analysis includes specific stocks like Microsoft, Apple, and Nvidia, with varying outlooks. Microsoft and Apple are seen as overbought, while Nvidia is identified as a potential short opportunity. The speaker emphasizes the importance of technical analysis and market conditions in making trading decisions.
📊 Technical Analysis of Stocks and Cryptocurrencies
The speaker provides a technical analysis of various stocks and Bitcoin. They discuss the bearish divergence in Bitcoin's 30-minute chart, predicting a drop to 60,000. Stocks like Qualcomm, Square, and PayPal are also analyzed, with Qualcomm showing a bearish divergence and Square testing its support area. The speaker advises on potential short opportunities and the importance of entry points, noting the need for patience and understanding of market cycles in trading.
⏳ Waiting for Market Signals and Trading Strategy
The speaker concludes the analysis by emphasizing the need to wait for clear market signals before making trades. They discuss the importance of understanding entry zones and setups in trading. The speaker also mentions the use of trading view and technical drawing classes to better understand market lines and values. They provide a final update for the coming week, focusing on Monday's market opening and the potential for market makers to create traps.
Mindmap
Keywords
💡Bullish
💡Overbought
💡MACD
💡Support
💡Bearish
💡Gap
💡Option Expiry
💡Earnings Season
💡Resistance
💡Divergence
Highlights
Market conditions are continuously bullish according to the daily chart.
MACD is almost overbought, suggesting the market may need to consolidate before moving higher.
The 4-hour chart indicates a bearish cross-down, with bulls slightly giving up, but overall conditions remain bullish.
The market is overbought, which may lead to a pullback, especially with the third quarter starting and earnings season approaching.
The 30-minute chart shows a bearish trend with the market testing the support zone at 54,040 area.
There's a gap between the signal line and the MACD on the 30-minute chart, indicating a potential bearish takeover.
The QQQ daily chart looks solidly bullish despite a powerful supply at the top.
The 4-hour chart for QQQ is bearish with support at 479, suggesting a potential bounce if support holds.
IWM (Russell 2000) is bearish on the 30-minute chart, with resistance at 200, indicating caution on the long side.
Tesla is described as 'sideway bullish' with a warning that bad news could cause a significant drop.
Microsoft is bullish on all time frames, but the 30-minute chart shows it is overbought, suggesting caution on the short side.
Apple has broken major support, indicating a potential short opportunity if there's a bounce and subsequent breakdown.
Nvidia is bearish with a price target tested at 125, suggesting further pullback potential.
Bitcoin is heading lower, testing support at 60,000, due to bearish divergence.
Qualcomm shows a bearish divergence despite an overall bullish condition, suggesting a potential short opportunity.
Square is testing support and is considered weak, with any bounce being a good short opportunity.
PayPal broke sloping support and is in a bearish territory, indicating a potential short opportunity on a bounce.
Transcripts
welcome to top 30 G um uh today Sunday
uh 23rd June and let's take a look at
the market see what Market going to look
like upcoming week all right so this is
daily chart folks right here as you can
see market conditions are continuously
bullish nice and bullish right here so
what what do we need to see here folks
okay couple of
things right now this is daily chart
means all the conditions everything
looking book so uh bullish so macd is
almost overbought right conditions are
overbought and that's why we need to
fill up the gas macd need to fill up the
gas and that's what could happen we got
to find out so let's go in a little
smaller time frame so this is the 4our
chart folks so what do you see here 4our
charts the mag
looking right here magd looking bearish
cross
down right Bulls are
slightly giving up right
but conditions continuously bullish
sloping support is still intact right
but it's overbought and that is the
reason we have little pullback this is
4our chart folks okay so 4our chart is
telling me that little bearish and there
is a gap between the signal line and the
macd so bears are taking over but we
have to also keep it in mind folks
remember we discussed about the Cod
wiing month option expiry was last
Friday right so this is
the June month right and then we have a
third quarter starting from first July
third quarter starting so that will be
like you know just imagine folks today
is already 23rd and then the earning
starts in July end of July all the
earning starts not end of July but you
know in know third week all the earning
Bank earning starts so pretty much you
have like 3 to four weeks Max then again
earning season will start right and then
that will continue for another 2 months
after that so that is the reason Market
did look at that market went up up up
continuously from April until all the
way to the now June so that's why M
looking bearish and I'll be not
surprised folks that market will not you
know you could go and test the cloud all
right so every time over here also
Market was going up and up and up right
this is third 4our chart folks a 4our
chart is a lot right and you can see
went up went down went up went down so
let's look into smaller time frame so 4
Hour chart is already looking bearish
but bulls has a power all right now
let's go back into so technical
fundamental class applies folks remember
technical fundamental class applies but
you also need to understand everything
else conditions and all right that's why
I said bullish but bearish right all
right so let's go and look into smaller
time frame now to find out for what's
going to happen in coming week all right
so let's look into one hour chart just
just in case see what happens M already
in a bear territory bears are in control
right condition starting bearish so
hourly chart we are testing the support
zone 5 40 543 area right there let's
look at the 30 minutes charts I need to
look at 30 minute charts right so over
here folks 30 minute charts mag in a
bare territory trying to bounce look
like condition is
bearish condition is bearish right
now okay look at that so what what do I
see here 30 minute 30 minut CH give me
at least uh some idea okay folks so
sloping support Market broke this is
your demand zone right here
544 that's your demand Zone on 544
Market is right now resting okay last
two days Thursday and Friday Market keep
testing the floor keep testing your
demand Zone condition bearish right so
if you ask me on a coming week right if
Market maker decide to take it up nobody
knows most likely 70% chance it if it is
bouncing it would be a good entry to
Short
right but you need to look for the
rejection remember how to be short you
need to make sure the rejection is there
so right here that's the reason I put
the price Target
54578 means somewhere around 546 doesn't
have to be precisely that but that's the
range you need to look for tomorrow if
Market bounce and have a rejection and
then try to dump and trap all the Bulls
remember you have to keep it in mind
Market maker Wall Street is there to
make the money off of you not for you
right and that is the reason I said that
look if they want to go down they will
take you to the Moon if they want to go
down if they want to go up they will
take you down this is8 out of 10 time
they do sometime they do directional
also but just to give you all right so
Market since the market is overboard
that is the reason so we need to wait
for let the market maker go first not me
and you we don't have the power they got
the power let them Market makeer plug
the money hose the you know buy and sell
whatever they do so that's why we need
to find out so these are the two area
folks very critical Junction most 70%
chance based off of that on 30 minute
charts okay we I'm not looking at the
daily chart everything looking bullish
looking at the 4our chart slightly
looking started bearish 30% bearish but
looking at the 30 minute charts is
telling me that we have a 80% bearish
chance 30 minutes remember depends on
what chart you're looking at it that's
why I said but you need demand Zone to
break if the market breaks the demand
Zone 544 and break re bounce and retest
and then go down then confirm that hey
they want to go lower now once they want
to go lower folks then we could come
Market could come back to I'll be not
surprised okay I remember this what I'm
saying here I'll be not surprised if
they want to come back these are the two
area either they take test the support
line This is the sloping
support right here hold on a second let
me see this is the wrong one oh
yeah so somewhere around this area let
me get rid of this somewhere around here
5:30 so H the pull back by the time they
pull back this area Okay so remember
today is 23rd June I'm saying here that
demand Zone
flips right retest rejection then men
they could go lower all right and
chances are 7 to 70% 80% chances that
could happen once the demand Zone flip
downward all right so that is your uh 30
minute charge let's look into a little
one minute chart see what happens yep so
right now is the condition is very tight
for Friday look at that low Bond range
right here and everybody was thinking
Market could go lower whatever it is
right now low Bond range so yes I don't
see much here folks action on one minute
but I need to go to 5
minute 5 minute also not going to help
me much but yeah it's the same signal
same message I'm getting uh pretty much
so we need to wait for something to
happen on Monday all right so these are
the area to look for you can take a
picture click a screenshot and see what
happened be side bull side
if it is Market poking through the
54578 and they want to go higher well
then let the market break retest come
back and bounce then it is bullish and
we could go higher right here there
always both side of the coin has a two
side you cannot be one-sided you never
know right but so far this is what these
are the price point to look for it so at
least you get you some idea all right
that's your spy let's go back and look
into
qqqq QQQ daily chart looks solid bullish
folks look at the chart right now on the
daily everything conditions are bullish
we just had a powerful Supply starting
right there at the top but too early
okay so let's look into little smaller
time frame to get the better
idea smaller time frame 4 Hour let me
look into 4
hour yeah magd bearish conditions are
solid bullish um God knows when they're
going to bounce right right now beish we
have support look at the support we draw
479 that's where the market is all right
let's go into so 4our chart is bearish
right as you can see bear has a power
but I need to go look into 1 hour
bearish L 30 30 minutes I want to look
into all right so 30 minute chart is
telling me for my most likely penalty
should Corner we going to probably
rejection comes and we could go lower
also if that happens folks QQ could be a
good shot folks I think this week man
this week if really really support
breaks right here folks this is right
here support break this support 479 QQQ
could be a great shot okay could be a
great shot if that happens all right and
look like building up you need the wind
trying to blow the South Direction
that's why I said so all right so keep
that thing in mind this is your be side
the bull side if the market want to go
higher on QQQ then you got to keep a h
484 so this is the channel to remember
484
478 the so you have a huge range to play
on QQQ if the QQQ wants to play hold on
a second man
sorry QQ doesn't want to play right here
this range my B tight
range all right so 480
483 and 470 tight tight tight range
right there okay if we poke through this
then it could be bullish and could go
higher because it's a Monday remember
fresh week starting FKS it's not the
middle of the day middle of the week
video this is a um you know pretty much
now there's a lot of lot things we need
to apply remember what I said is that we
have now second quarter pretty much over
and June month end is coming pretty much
is done and then the July earning
starting in know 3 week so Market might
be overbought so they might pull back is
the healthy one to pull back so that
could be the event to keep it in mind
and technically also telling that's why
I say 70 to 80% chance can happen just
need to wait for to something to happen
because they don't want to
go with you they want to go alone so we
never know how they're going to plan
we'll find out that's why I said we're
going to find out but we always need to
look in the market condition that's what
it looks like to me that the monies are
right now they're selling all right same
thing so these are the area to keep eyes
on uh QQQ let me look into just a
smaller time frame to get some
idea yeah yeah it's a compression right
here folks very very important these two
area
483 and
479 these in between here something to
happen it's a compression and now the
fresh week starting whatever Market
maker play the game we need to watch
right on a Monday so let's see whatever
happens folks okay on Monday right
there okay that's that thank you iwm
let's look into iwm
iwm 30 minute chart not much on thir is
side iwm
is so you see that uh last Friday we
discussed about the iwm that hey folks
iwm is little um bounce resistance is
right there that's where it's very tight
tight tight hold on second 200 that's
why we tested
right iwm has a resistance folks every
time we go to 200 rejection 200
rejection 200 rejection so be careful IW
on the long side folks okay watch out
tomorrow all right so if if you want to
be bullish you want
iwm Russell 2,000 to cross 200 in order
to bullish until then is bearish okay so
keep that thing in mind you want this
thing to be break then only bullish to
go to
202 all right but if this got a
rejection it could be a good shot to go
to 198 right that's your that's what I
would look into it tomorrow see what
happens look like bearish right now we
had a diverent even here also like look
at that Thursday had a diverence so bear
has a more control on iwm right now
that's your iwm too so iwm QQQ and spy
all three of them are looking bearish
right but fresh week starting see the
what kind of trap they will create that
what we going to figure it out on Monday
Morning Market opens up going to give a
little time and I'll give my running
commentary if you are new to the
community folks I'm always here on live
you can join to the uh YouTube live
every day I come just a second if you
want to join right here you can type it
in on YouTube top trading Edge I go live
morning 9:30 to 400
p.m. right here these are the live 7
hours goal I go live 7 hours 7 hours
morning 9:30 to 4: okay then
uh I also post market update video right
here these are the video every day every
weekend I post about market update video
right
and we're going to look into more into
other stocks so let's look at the Tesla
what Tesla look
like Tesla is bullish and sideway okay
so I be already discussed that Tesla is
bullish last few days and look at that
Tesla is bullish means not a bullish
bullish bullish it's a sideway
bullish all right
so if you see ma trying to fill up the
gas and priz actions are not going up
what does it mean that means if any bad
event bad news come Tesla could will be
Kaboom remember that that's how it could
happen uh because you know in the bull
cycle Tesla is not even going look at
that make a bull but when we had a bear
look at the bear downum Dum down but now
we have bullish cycle going on but the
Tesla is not moving much so be careful
all right so bullish but small smaller
time frame bullish something goes up and
then pull back you see this this is what
they're doing let's look into the
smaller time frame
Tesla
okay one second I need to look into 1
hour the wge is building right here look
at that could break upward could break
downward so these are the these are the
the point still in the play which we
discussed right so keep eyes on these
are the priz area folks the the pent is
right there most
likely most likely you know if we break
this we could go lower most likely we
could go lower and 180 we could test
right and the upward side 186 area to
break to go
to1 right so these are area to watch out
see if any breaks most likely go go
lower so overall uh
Tesla is like sideway bullish sideway
bullish but if you look at the smaller
time frame is bearish right now in a 30
minute CH sorry 1 hour chart is pent
bullish pent but it could break downward
and we could test not too far so 180 is
your strong support remember we poke
through we test and we break probably we
bounce and we could go higher we can
bounce or we break then we could go
lower but not much too much five5
$6 you know five I mean $10 or something
like that we could go if they want to go
because every time Market comes to this
area 1737 175 we are bouncing Tesla
right that's why Tesla is be careful
it's sideway if you are a selling option
then it's great but if you're buying be
careful it's dangerous earning coming
into okay um
then we're going to look into
Microsoft all right so Microsoft on a
one hour chart looking
bullish daily chart looking
bullish 30 minute chart chart is also
looking bullish but it's just overbought
so I would not touch Microsoft on a
short side even though if you see
something um yeah be I would be very
careful on a Microsoft because I don't
see any weakness if I see weakness I'll
let you know but I don't see apple I I
see a weakness on Apple Apple could
Apple is major major support right here
we just broke folks okay so I love apple
on a short side if they really go so
what remember yesterday we discussed
earlier we discussed that apple is at
man Apple could be a good sh folks Apple
could be a good shot if this bounce
tomorrow at 208 or something and break
down easily GL down Apple heading to
197 let's see what happens tomorrow
little bounce and then go down so most
likely ort could be a good pullback all
right because there's empty Pockets here
man you could Brint crazy money if that
happens normally you know what Apple do
folks let me see daily
chart no there's no Gap here
okay yeah so Apple would be a great shot
if if if you see something right right
here sloping resistance any bounce
stronger
bounce right and Market test rejection
is a good shot to go down
app now disclaimer folks you have to do
your due diligent before you enter into
any of your trade it could be very very
risky folks you could blow up your
account so watch out okay uh Nvidia NV
Nvidia was bearish we discussed already
four five days ago that n Nvidia could
be is now slowly slowly n going and my
price Target was here with test 125 look
at that still bearish condition still
bearish so Nvidia folks be careful
Nvidia could be a pullback coming yes
any bounce is a good shot Nvidia right
here if you see Nvidia 130 is a good
sh Nvidia
okay again the brand new week starting
so Market might pop little bit little
bit on Nvidia and then probably push
back whatever they will do we'll see but
most likely all right so Nvidia has we
need to Market has a support strong
strong support right here so that I
would not short like that if I need to
short I want to short at the top area
where I see a rejection you see this
went up up and then rejection same thing
could happen here then is a good shot if
they break here then you want them to
pull back and bounce and
retest right like like
like some of the support where you
Market breaks the
support right you support right here you
see this broke bounce retest and
rejection and can be went down similar
like that even went to check okay this
is 30 minute chart that's why so n has a
slightly demand Zone that's why I expect
a bounce and then probably could go
lower so where could Nvidia could go if
they want to go most likely this area
all right 117
lot of stocks for probably could could
happen Okay that up to you all right and
that's Andia we looked at Microsoft AMD
what else I need to look into
Bitcoin so Bitcoin 30 minute ch right
here so Bitcoin looking little bearish
as we discussed and we are testing we
broke the support a little bit now we
are head to 60 right here MD enter into
B territories which is healthy folks
okay MD filling up the gas not Bitcoin
moving too much Target is 60 right here
these are the area Bitcoin is heading so
if you shorting Bitcoin man you will be
great right now Bitcoin so Bulls are
giving up all
right just a second get rid of this so
heading Bitcoin heading to 60,000
because of the bearish so we discussed
this is the bearish divergent Bitcoin is
bearish we are heading to 60 all right I
was expecting a little bounce but they
good bounce but they didn't bounce only
look at that two candle bounce that
minor bounce so right now Bitcoin
looking horrible want to not super
horrible heading to test the 60 all
right
so maybe we could go lower also for a
little bit okay but right now just keep
it in mind Bitcoin heading wants to go
lower that's your Bitcoin uh any other
stock to look into it let's look at into
ccom was solid
bullish right so call wow look at the sh
ccom looking great short folks look at
the diverent do you see that wow man
Qualcomm is a great shot folks wow man
we missed it if somebody shorted at the
top would have been great shot that's
okay still bearish ccom looking bearish
but condition is bullish so I'm not
going to go man oh all right so you you
you want anything to buy bounce right
here if the ccom get bounce and right
this area and rejection if you see a
rejection ccom is a good shot to go
to right here calcomm heading to 190 all
right there a ccom we of bearish
diverent look at the overboard super
duper overboard ccom is so you you know
any good bounce is a good shot on colcom
for a longer time frame this is daily
chart so a little longer time frame okay
I would give few weeks easy minimum
month okay that's your ccom uh I guess
that's about it Qualcomm Microsoft Apple
we look into
um
coin bearish Divergence still bullish
but not much we had a bounce coin
looking bearish folks okay so coin is
heading to this area so coin Target is
right right here this is where coin is
going coin looking nice and bearish
folks look at the coin wants to easy go
look at that coin all right target is
that and the coin could go probably oh
yes absolutely heading that 187 in a
within a month it could easily reach the
here all right that t coin then uh
Square somebody was me asking me about
the Jorge Square so I said square is
look at that testing the support area
right here so Square got a little bounce
butare Square still has a weakness F so
be careful any bounce is a good shot
because of the conditions so if you see
Square bounce is a short 67 short to go
down um because right now magd hugging
and kissing means
is is
bullish but condition is bearish so I
don't like to go be bullish I like to go
short side but when when they go and
retest the top roof and then we find the
rejection like this you see this Bend up
and then rejection you short this to
this that's the that's how I trade to
catch because the wind is blowing in
South Direction make in bad territory
only thing is the hugging and kissing is
that's the area all right so got to give
a little
time uh you sometime people need to
understand you need to learn Le to wait
when thing happens it doesn't you can't
just when you can't just wake up and say
oh I got a money let me go and put it in
the market on Square no you you got to
look where the entry zone is you got to
look for setup that's why you notice on
whatever cycle you trade folks
everything is all about entry you have
to understand when I mention about oh
Market is bullish I in the intraday I'm
bullish for five minutes and then I'll
be bearish for 10 minutes another one or
I could be bullish for 30 minutes
depends on what CC exactly right so you
need you need you all need to understand
all those parts
folks all right so this is daily chart
when I mentioned that's why I tell
everybody folks you need to trading view
setup drawing class technical drawing
and you
know technical drawing class we have
right you to understand the value of
daily all the lines I draw
values need to understand all
that all righty that's your Square
PayPal PayPal was selling enough right
so let's look into PayPal so what PayPal
is doing now PayPal is broke the sloping
support beish So PayPal could be a good
short if any bounce comes we could go
lower so there is a bounce coming in
PayPal mag in a b territory so PayPal
currently little bullish you might see a
bounce 60 couple of dollar maybe
three4 right and then rejection to go
and test the
5784 that's what people look like make
in a b territor so this is the channel
follow the
channel going down going up maybe we
already test this but right now in a bad
territory we did came down bounce came
back I think folks um PayPal is is good
bullish trying to be little bullish how
far it bounc because in a bare territory
but that I would not go short side right
now I would go long if I have to go how
far it Go reject
maybe a cloud or something around
63 this
area might be a rejection and if that
rejection come then we could go lower
right so from here to here is bullish
from here to here is bearish so it's a
lengthy process of 1 month okay before
earning that's PayPal H folks let's call
it a day guys I guess these are the
update for this coming week uh at least
Monday and uh see you guys other than
that and see you on Monday morning folks
morning 9:30 all right don't forget to
click the like button and subscribe
button folks see you tomorrow all right
thanks
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