🔥 TESLA STOCK BIG MOVE TOMORROW!! TSLA, SPY, NVDA, ES, AAPL, MSFT, META, COIN, & QQQ PREDICTIONS! 🚀

Summary

In this financial analysis video, Ray J discusses Tesla's stock performance, focusing on resistance levels and potential dips, influenced by economic factors and geopolitical tensions. He also covers market news, including Canada's new tariffs on Chinese EVs, and provides insights on various stocks and indices, emphasizing the importance of upcoming earnings reports, particularly Nvidia's, in shaping market direction.

Takeaways

• 🚗 Tesla's stock is showing bearish signs with lower highs and potential resistance levels being tested.
• 📉 A break below Tesla's Thursday low could indicate a significant dip, possibly reaching the low 200s or 208.
• 🔍 Ray J emphasizes that he is not a financial planner and advises viewers to take his analysis as information, not financial advice.
• 🌍 Geopolitical tensions involving Israel, Iran, and Hezbollah seem to be cooling, which could positively affect the markets if a ceasefire holds.
• 📈 The fear and greed index is currently neutral, indicating no strong bullish or bearish sentiment in the market.
• 📊 Upcoming earnings reports, particularly from Nvidia, are expected to have a significant impact on Tesla and the broader market.
• 🇨🇦 Canada's imposition of 100% tariffs on Chinese electric vehicles, including Tesla, could negatively affect the EV sector.
• 📉 Increased short interest in Tesla and a bearish engulfing candle suggest potential downside risk for the stock.
• 📊 Ray J discusses various support and resistance levels for Tesla and other tickers, indicating potential price movements based on these levels.
• 📅 The economic calendar for the upcoming week includes minor data releases and a focus on consumer confidence and manufacturing numbers, which may cause market volatility.
• 💡 Ray J suggests that the market's direction, especially for tech stocks like Nvidia, could be heavily influenced by the company's upcoming earnings report.

Q & A

What is the main topic of Ray J's video?

The main topic of Ray J's video is to analyze the current situation with Tesla's stock, discuss the impact of economic factors and news on the market, and provide a breakdown of various stock tickers including Tesla, QQQ, and others.

What disclaimer does Ray J provide at the beginning of the video?

Ray J clarifies that he is not a financial planner and advises viewers not to take anything he says as financial advice.

What is the significance of the 228 and 225 levels mentioned for Tesla's stock?

The 228 and 225 levels are significant as they represent previous highs for Tesla's stock. Ray J discusses how Tesla made a high at 228, then a lower high at 225, indicating a potential downward trend.

What economic news is mentioned that could affect the EV sector, including Tesla?

Ray J mentions that Canada is imposing 100% tariffs on Chinese EVs, including Teslas, and a 25% tariff on Chinese steel, which could significantly affect the EV sector.

What upcoming event is expected to have a big impact on Tesla and the markets?

The upcoming earnings report from Nvidia is expected to have a significant impact on Tesla and the markets.

What is the current stance of the fear and greed index according to the video?

The fear and greed index is currently neutral, indicating that the market is not overly bullish or bearish at the moment.

What does Ray J suggest about the potential movement of Tesla's stock price if it breaks the low from Thursday?

Ray J suggests that if Tesla's stock breaks the low from Thursday, it could indicate a significant dip, potentially down to the low 200s.

What is the importance of the 212 level for Tesla's stock according to the video?

The 212 level is critical support for Tesla's stock. If this level is lost, it could lead to further declines to the 210 area and possibly lower.

What is the potential impact of the situation involving Israel, Iran, and Hezbollah on the markets according to Ray J?

Ray J suggests that if the situation escalates into a massive war, it could affect oil and the markets. However, he notes that currently, things seem to be cooling off, which is positive for the markets.

What is the potential direction for the QQQ and SPY according to Ray J's analysis?

Ray J suggests that the QQQ and SPY are range-bound and could remain so until Nvidia's earnings report. He mentions potential support and resistance levels for both QQQ and SPY, indicating a possible dip towards certain support levels before a rebound.

Outlines

00:00

🚗 Tesla Stock Analysis and Economic Factors

In this paragraph, Ray J discusses the current state of Tesla's stock, highlighting key resistance levels and the potential for a downward trend if certain support levels are breached. He mentions the impact of geopolitical tensions and new tariffs imposed by Canada on EVs, including Tesla, which could affect the stock's performance. Ray J also provides a brief overview of the economic calendar, emphasizing upcoming data releases that may influence market volatility.

05:00

📉 Tesla's Technical Analysis and Market Predictions

The speaker provides a technical analysis of Tesla's stock, noting the formation of lower highs and the critical support levels at $212. He discusses the possibility of an inverse cup-and-handle pattern playing out, which could signal a significant price drop if key supports fail. Additionally, the paragraph covers broader market news, including consumer confidence and manufacturing data, as well as the potential impact of NVIDIA's earnings on the market.

10:02

📊 Analyzing Market Volatility and Stock Performance

This section delves into the potential market movements for various stocks and indices, including Tesla, SPY, QQQ, and others. The speaker predicts short-term dips and consolidations based on current technical indicators and market sentiment. He also discusses the importance of watching specific price levels for potential entry or exit points in trades, emphasizing the need for caution and strategy in the face of market volatility.

15:02

💸 Market Sentiment and Individual Stock Outlooks

The paragraph covers the market sentiment as indicated by the Fear and Greed Index, as well as the potential impact of NVIDIA's earnings on various stocks. It includes specific predictions for stocks like Bitcoin, NQ, QQQ, Apple, and others, discussing their current technical setups and the likelihood of bullish or bearish movements. The speaker also touches on the importance of watching key support and resistance levels for these stocks.

20:02

🌐 Global Market Overview and Final Thoughts

In the concluding paragraph, the speaker summarizes the global market situation, including the potential for a ceasefire in geopolitical conflicts and its implications for oil and markets. He reiterates the importance of watching key levels for stocks like Amazon and NVIDIA, and provides a final outlook on the market's direction. The speaker also reminds viewers that his analysis is not financial advice and encourages them to make informed decisions.

Keywords

💡Tesla

Tesla is an American electric vehicle and clean energy company that is often discussed in the context of stock market analysis. In the video, the host analyzes Tesla's stock performance, noting key resistance levels, support levels, and potential future price movements based on technical analysis. The term is used to discuss the company's stock ticker and its performance in relation to various economic factors and market trends.

💡Technical Analysis

Technical analysis is a method used by traders to evaluate stocks and make decisions based on historical price data and patterns. In the video, the host applies technical analysis to Tesla's stock chart, identifying trends, support and resistance levels, and making predictions about future price movements. The script references technical terms such as 'lower highs,' 'trend line,' and 'inverse cup and handle,' which are all part of technical analysis.

💡Support and Resistance Levels

In technical analysis, support and resistance levels are price points that tend to either deter or encourage the price of a stock to move in a certain direction. The video discusses these levels in the context of Tesla's stock, indicating that if the stock price falls below a certain support level, it could lead to further declines, while resistance levels are seen as barriers that the stock price may struggle to surpass.

💡Economic Calendar

An economic calendar is a tool used by traders to track upcoming economic events that can impact financial markets. The video mentions the economic calendar in relation to the potential impact of certain events on the stock market, such as the release of consumer confidence data and manufacturing numbers, which can influence market volatility and investor sentiment.

💡Tariffs

Tariffs are taxes imposed on imported goods, which can affect the cost and competitiveness of these products in the market. The script discusses new tariffs imposed by Canada on Chinese electric vehicles, including Teslas, which could impact the company's sales and stock price due to increased costs and potential reduced demand.

💡Fear and Greed Index

The Fear and Greed Index is a sentiment indicator that measures the overall mood of the market, ranging from extreme fear to extreme greed. In the video, the host refers to this index to describe the current market sentiment as neutral, indicating that neither extreme bullishness nor bearishness is dominating investor behavior at the time of the analysis.

💡Volatility

Volatility refers to the degree of variation of a trading price series over time. The video mentions times of expected market volatility, particularly around the release of certain economic data and earnings reports, which can cause significant price fluctuations in stocks and other securities.

💡Earnings Reports

Earnings reports are official releases by public companies of their financial performance over a specific period. The video script highlights the upcoming earnings report of Nvidia, which is expected to have a significant impact on the stock market, including Tesla's stock price, as such reports can influence investor confidence and market direction.

💡Inverse Cup and Handle

An inverse cup and handle is a bullish technical chart pattern that signals a potential upward price movement. In the video, the host suggests that Tesla's stock chart may be forming this pattern, which could indicate a possible price increase if the pattern is confirmed by the stock breaking through certain resistance levels.

💡Imbalance

In the context of trading, an imbalance refers to a situation where the supply of a security does not match the demand, which can lead to rapid price movements. The script mentions an 'imbalance towards the low 200s' for Tesla's stock, suggesting that if the current support level is breached, there could be a significant drop in price due to an imbalance between buyers and sellers.

Highlights

Tesla's stock is showing a pattern of lower highs, indicating a potential downward trend.

The economic calendar has significant events that could impact the market, including new tariffs imposed by Canada on EVs, affecting Tesla.

A potential inverse cup-and-handle pattern for Tesla suggests further downward movement if key supports are lost.

The geopolitical situation between Israel, Iran, and Hezbollah is deescalating, which could positively affect the markets.

Upcoming consumer confidence and manufacturing data releases are expected to cause market volatility.

Nvidia's earnings are anticipated to have a significant impact on Tesla and the broader market.

The fear and greed index is currently neutral, indicating no strong bullish or bearish sentiment in the market.

Tesla's stock is sensitive to news, and recent developments could lead to a test of the 210 support level.

The SPY index is in a range-bound state, with resistance levels at 563 to 565, and support at 558.

The QQQ index is also range-bound, with potential resistance at 5680 and support at 5980.

Bitcoin's price action is bearish, with a potential dip to 62,500 if current support fails.

Nvidia's stock is range-bound, with potential resistance at 223 to 224 and support in the low 130s.

The NQ index shows a bearish head and shoulders pattern, which could lead to a significant market drop if support fails.

Apple's stock is range-bound, with resistance at 228 and support at 2238 to 224.

The VIX index might be forming a head and shoulders pattern, suggesting a potential market bounce after Nvidia's earnings.

Amazon's stock is bearish, with a head and shoulders pattern suggesting a dip towards 172.

Meta's stock is facing resistance at 522, and a failure to reclaim this level could lead to further dips.

Microsoft's stock has a bearish divergence and rejection from EMAs, indicating a potential downward move.

GameStop's stock is bearish, with a bearish divergence suggesting a test of the 5.03 support level.

Transcripts

what's up Tesla family it's Ray J back

with another video and in this I want to

break down what's happening with Tesla

spy in video the QQQ and a couple of

other tickers and breakdowns happening

with the economic calendar moving

forward talk about some big factors

involving uh Canada imposing new tariffs

for EVS and also what we're seeing on

the charts moving forward just note that

I am not a financial planner so take

nothing I say as Financial advice and

also if you guys can please smash the

like button it not only benefits me it

benefits the entire Tesla Community as a

whole anyways for Tesla just want to

note that if you just ignore everything

just look at the levels you'll see that

Tesla had a high up here at 228 we came

down then we made a lower high at 225

then we came down then then we ended up

making a lower high now before I had

this drawn out a little bit differently

I had this drawn out like this this

resistance up here so I was thinking in

my video yesterday that Tesla might push

a little bit try to get close to this

resistance and maybe come back down if

you rejected uh instead we came just

short of that we came just a little bit

short of hitting that resistance so we

could read draw this trend line like

this now as our next resistance you can

see how Tesla is rejecting we had three

big rejections on Tesla Tesla's

continuing to make lower Highs but the

question is will we break the low from

Thursday if we break that low that's

going to be a big sign that Tesla is

going to be looking for a big dip and

that could take us all the way down to

not only 208 potentially down to this

imbalance towards the low 200s so the

question is will the inverse cupet

handle play out will be lose key

supports yes it depends on different

factors but I'll break down more

information about this in just a couple

of minutes let's first talk about some

news what's happening with the data for

tomorrow and the news about Tesla then

I'll talk about the charts so for those

who are concerned about the whole

situation involving Israel Iran hezb and

all these different parties I just want

to say that right now things are seeming

to be uh cooling off just a little bit

uh I wouldn't necessarily say that this

means that this is an official ceasefire

or we're done with but what's good about

this news is the fact that both sides

seem to be stepping back from attacking

each other and this could be a sign that

there's very very good chance in my

opinion that this doesn't develop into a

massive war I really hope that ends up

not being the case that would be good

for you know the Marcus that would be

good for you know everyday citizens and

the list goes on so hopefully there's a

ceasefire hopefully both sides step back

and we see uh you know a much more a

less I would say violent situation if

anything so I really hope that ends up

being the case so far so good we'll see

how this develops at least as time goes

on just so you guys know if this does

develop into a massive war it's going to

affect oil and then the markets but for

now because it hasn't developed like

that it's not really having as big of an

effect on the markets so hopefully it

just remains that way now for news about

the markets for tomorrow tomorrow is

going to be Tuesday August 27th

2024 one uh important thing worth noting

is that we have very minor data um in

the morning at 9:00 a.m. eastern

standard time we have some house price

data which is very minor the main time

to watch for data and volatility for the

markets will be around the hour of 10:

a.m. so at 10:00 a.m. eastern standard

time we have consumer confidence the

Richmond fed manufacturing numbers then

at 10:30 a.m. a.m. we have the Dallas

fed Services Services revenu data so all

of that's going to be important look for

some volatility at that time besides

that I'm not really seeing much else for

tomorrow but there might be some

volatility at the 10:00 a.m hour besides

that for earnings we just have some

minor Bank earnings nothing too crazy

for tomorrow but the main thing that's

coming out is going to be on Wednesday

we have invidious earnings that's going

to have a big effect on Tesla and the

markets so get ready for that and then

besides nvidia's earnings right now the

fear and greed index is neutral we were

getting very very close to G only to uh

slow down a little bit because Tech is

leading the market down and with tech

slowing down this could be a big shift

that could be coming now right now we're

neutral the Market's not super bullish

or super bearish I actually agree with

that when you look at the setups which

I'll show you in a few minutes uh

momentum is currently greedy it's

slowing down just a little bit not as

greedy as before because of how we saw

the S&P 500 see a slight rejection uh so

we'll see if that lasts two more things

the puts in cooption positioning is

starting to become stagnant because

people are about to be making decision

are we going to load up on PS or about

to buy more calls there's going to be a

big shift right now we are starting to

see them buying less calls than before

and investors are becoming a little bit

more apprehensive and then the vix is

still neutral hasn't broken key

resistance yet hasn't lost key support

it's kind of stuck in the middle so

we'll give it some time now a couple

more things there's currently a 68%

chance to get a 25 basis point cut from

the fed and 32% chance we get a 50 basis

point Cuts Market's expecting a 100%

chance we get some kind of cuts whether

it's 25 or 50 basis points That Remains

the Same when it comes to news involving

Tesla I didn't see much news come out

involving Tesla but I did see this which

was contributing to why we saw some

declines in the EV sectors Canada is

going to be imposing 100% tariffs on

Chinese EVS including Teslas so this

includes Tesla which is a very very big

piece of news there's also going to be a

25% tariff on Chinese steel from Canada

not to mention I think that also

includes aluminum so we're starting to

see a lot of Commodities being uh taxed

essentially these Imports are going to

be a lot more uh they're going to be

taxed by a bigger margin and then when

that happens of course it's going to

have a big effect on Tesla and the

entire sector so it's worth mentioning

because of the competition involving

China that's very very huge uh volume

was only about 59 million part of why we

dropped this because of the news

involving Canada and what Justin Trudeau

announced and then we're seeing a little

bit more shorting on Tesla not short

falling go up to about 64% the last

thing worth mentioning is that bar Piper

Sounders still have their overweight

ratings for Tesla saying Tesla will

outperform the markets eventually the

price price ratio is becoming more

stagnant Tesla was outperforming the

market now it's slowing down a little

bit and Tuesday are green about 51% of

the time historically we tend to see

more volatility at around 1:00 p.m.

Eastern Standard Time that's very

volatile also during open Tesla tends to

be very volatile so during those two

time frames I'd be looking for

volatility and then we'll see how things

go anyways that is it it for my data

that's it for news involving the markets

and Tesla that I I basically just went

over the main headline now I just want

to focus on the charts and nothing else

from here on out so for Tesla I just

want to mention the 4 Hour showing some

weakness as we're barely holding support

but the daily chart on Tesla is looking

a little bit weaker we're also barely

holding that 212 area so the daily has

the 50 EMA support at 212 and then the 4

Hour also has I think the 200 EMA right

there as well at the 212 area so we have

a double support near 22 12 that's

critical support for Tesla so

hypothetically when it comes to levels

if Tesla loses 212 you're going to be

looking for this 210 area the low from

Thursday to hold if we lose that we're

going to be looking at 208 followed by a

big dump down to about 202 on Tesla this

also has an inverse cupet handle so that

does suggest that that's a little bit

more probable in my opinion however if

we somehow get a good piece of news

because Tesla's very news sensitive and

we end up breaking past 215 I'll be

looking for 217 and eventually move back

up to 220 those going to be your

resistance levels in my opinion when you

consider the fact that we have an

inverse Cup in handle and the fact that

we're making lower highs the the odds

favor a test of 210 tomorrow a little

bit of a dip and we'll see if Tesla gets

a bounce or not off that support because

we did dip to 210 on Thursday and then

just got a big bounce so we'll see if

Tesla loses this or not if we do lose

this look for a bigger dump in my

opinion there's going to be a risk of

that as we have this imbalance to fill

so I'll be watching this carefully I

presume we're going to be dipping down

to 210 we'll see if we lose that or not

if we lose that that's your confirmation

for a bigger dump but watch that support

just to be safe in my personal opinion

but we do look a little bit more bearish

on Tesla nonetheless for spy now don't

turn too bearish just because we had a

red day don't turn too bearish don't

turn too bullish either we're still in

our range now if spy breaks the all-time

high uh this thing is going to be

pushing a lot more we'll be looking for

basically 565 to 563 to break then look

for 565 then 566 568 in levels like that

if we lose our low okay okay spy is

going to be looking for 558 as our

support if that fails us we're looking

for 555 to 5.56 that range down here if

the lows from Thursday break this thing

is going to dump all the way down to

about 552 then the 550s and some Gap

fills in the 540s a bigger dump will

come so I just want to call out that in

my video yesterday I mentioned that we

might push a little bit and then we'll

be watching resistance between 563 to

565 every time we hit that historically

we did reject on spy and that's why we

ended up getting that projection but

whether or not we get big rejection I

presume is going to be determined by

Nidia and I think what's going to happen

is we're going to likely remain range

bound until we get nvidia's earnings on

Wednesday so I think my prediction for

tomorrow is so make sure you watch your

levels to be safe but I think we're

going to be dipping a little bit towards

that 558 area and then we could go a

little bit lower but we'll see if we

reclaim that or not and I think we're

just going to remain in this range and

we're going to end up trying to hold 555

to 5.56 just for the time being now we

could lose it depending on the news on

and nvidia's earnings but for for the

time being the market remains range

bound I think that's most likely what's

going to be the case when you look at es

we have something very similar

developing we're range bound between

5600 and 5650 if we break 5650 you're

looking for 5680 if we lose 5600 flat

we're going to be looking for 5980

followed by much bigger drops to the mid

550s I think what's going to happen

tomorrow is we dip a little bit closer

to 5600 then we try to rebound and we

just consolidate in that range I think

that's the most likely possibility

Nvidia is going to make an interesting

move as well I think that we're also

range bound on Nvidia every time we hit

this like 223 to 224 area for the last

you know five six days Nvidia gets spot

back up and every time we hit 130 or the

low 130s we get rejected I presume we're

just going to continue to do that going

back and forth and back and forth and

back and forward I wouldn't be surprised

if we dip a little bit towards 24.7 or a

little bit lower then we get bought back

up and just continue to trade sideways I

think in video is going to most likely

do that so look for a little bit of a

dip and see if we end up rebounding I'll

be watching to see if that ends up being

the case for Bitcoin Bitcoin is dipping

a little bit if we don't hold above

63361 there's going to be a dip down to

about

62,500 if we hold above this we could

try to rebound but I think that with the

double top forming and the fact that

we're below

63361 dolls are favoring the 62,000 for

Bitcoin for a little bit of a dip for

the time being and if we end up

continuing to lose 62,500 I'll look at

the 50 EMA then this imbalance which is

very close to our 200 EMA but for now

Bitcoin looks a little bit more bearish

for NQ for those who are interested we

look even more bearish than a spy es and

the others because Tech is what's

leading the market down right now so we

have a head and shoulders on NQ but

don't turn too bearish just because you

see a pattern that's a very important

trading lesson because patterns as of

recent tend to be uh full of traps

sometimes not always sometimes so you

want to be very careful and

double-minded how do we know we're going

to be dipping lower if we maintain this

bearish structure down to our 200 EMA

and lose this like 19,000 400 area I

presume we're going to be dipping all

the way down to the low 19,000 for a big

dump if we lose 19,400 that's your

confirmation now we already had this

move to the down I did talk about how we

may make a lower high already so this

wasn't necessarily a surprise but the

question is will the surprise continue

and then that's going to be determined

by our levels if we break 19,500 we

turned back up to

19,700 this whether this plays out

depends on nidia's earnings if this is a

trap or not but I think that so far we

are favoring downside and we look like

we might be dipping close to our 200 EMA

towards 19,400 so I think there might be

a little bit more of a dip coming to NQ

but whether or not we break key support

and see a bigger dump depends on nidia's

earnings for the QQ I see the same thing

same setup almost exactly we have a head

and shoulders like structure if we break

478 we're going to be pushing up to 480

if we lose 473 to 472 and the reason I'm

calling at 472 is because our 50 EMA is

starting to play a game of catchup so

that 472 to 473 area is going to be our

support if we lose that we're going all

the way down to 468 then 464 to fill

this imbalance I think technicals look a

little bit more bearish they do favor

downside for 472 tomorrow we'll see if

we consolidate around there and if we do

lose this we will be dipping lower

technicals do favor downside but this

also depends on nvidia's earnings so

we'll see how it goes but so far we do

look more bearish on NQ and the QQQ as

Tech is leading us down for Apple we're

just range bound we have 228 is

resistance every time we hit this reject

and then 2238 to 224 our support every

time we hit that we have been bouncing I

think what's going to happen is we dip

tomorrow back down to the 224s get

bought back up and just continue to

trade sideways if we were to break 228

we're looking for 230 if you lose 22 3.8

we're going to be looking for 222 and

220 I presume we're just going to stay

in the middle between the range not

really do a whole lot for other tickers

out there I just want to mention that

palent is looking a little bit more

bearish we had a double top leg

structure followed by more downside if

we managed to break past 31 I'd be

looking for 32 uh 31.6 to if we end up

losing 30.5 we're going to be looking

for a dip all the way down towards uh

29.4 so we have this bearish looking

structure that's developing there's a

double top right over here and I think

that there's a good chance we made to

lower so I think pal here looks a little

bit more bearish we got to reclaim 30.9

if not we're going to continue to dip so

that looks more bearish to me for super

micro I thought yesterday this is going

to like to be more like range bound kind

of pop a bit then drop so I was right

about the direction but it dropped even

more than what I was expecting so I I

was thinking we dipped to like 600 if

not like uh 580 at the lowest um but we

actually went even lower so I was

talking about this imbalance taking us

down to 580 we made it there but then we

dipped even more than what I was

expecting so looking at 580s resistance

we could get very close to that tomorrow

and then if we reject it continue lower

our next Target is going to be basically

546 of support followed by the 520s so I

think what's going to happen is we

rebound rebound a little bit into the

570s 576 to 580 then we see continuation

lower as the most likely possibility

towards this Wick in the 550 area for

rivan rivan is showing some more life as

it's trying to rebound I said yesterday

we might be pushing for 14.8 then dip

back down towards this 200 EMA I think

what's going to happen is we're going to

dip a little bit get close to the lower

14 and we'll see if we bounce and

continue higher we did get some negative

news involving EVS so obviously it's not

affecting rivan as much but you know

this is attempting to break out so I

think what's going to happen is we might

dip a little bit on rivan get close to

our 200 EMA then try to rebound I'll be

watching see if that ends up being the

case for

Sofi we're looking at 7.8 is resistance

resistance if that breaks are looking

for $8 if we lose support at 7.5 we're

looking for a dip all the way down

towards 7.4 and 7.2 I think what's going

to happen is this might dip a little bit

toward 7.5 because typically when you

get a break out you retest it so we

might be testing 7.5 tomorrow we'll see

if we bounce or not off that so might be

a little retracement and we'll see if we

bounce for the IW Russell 2000 we have

basically 221 and 222 is resistances if

we don't hold above 220 we're looking

for 218 I think what's going to happen

is 220 might be tested if it doesn't

hold we're going to be dipping so there

might be a little dip coming we'll see

what kind of reaction we get if 220

fails us so be very very careful for

AMD AMD is basically getting rejected

off this yellow uh trend line right over

here if we end up losing 149 we're going

to be looking for dip all the way down

towards 147 followed by 45 now we have

resistance at 149 I'm sorry 152.5 3 we

got to reclaim 152 to turn back up

otherwise we favor the downside so I

think we're going to be testing 149. 21

we'll see if that holds or not if we

don't hold that we may just we may just

continue to dip so we'll see how this

ends up going but I do see a risk of

downside for arm for I'm sorry I was

talking about AMD not arm AMD is the one

that has the downside potential for armm

now we also have downside potential but

it's for a different reason so AMD has

armm excuse me guys armm is what I'm

talking about I keep mixing these up

armm is the one that has this downside

potential because of this bearish

engulfing candle if we don't reclaim

129.5 we're going to likely be dipping

down to 25 and I have a feeling that

that's going to likely be the most

likely case we got to reclaim 131 to

turn back up but this is favoring a move

back down to 125 after getting a bearish

engulfing candle with that bearish

Divergence so it's looking more bearish

to me for others out there um for

coinbase coinbase is attempting to

dip a little bit but we're going to be

looking at 203 as our main support if

203 fails right here we're going to

likely be dipping all the way down to

200 then 197 if we reclaim 205 we'll be

looking for a push back up towards the

210 area so I'm favoring 297 is our

supports and I think that we're going to

likely test those especially as we're uh

below our 50 EMA so I think 2197 are

coming for coin for Amazon we're looking

a little bit more bearish because we

have a head and shoulders like structure

and you guys see the big white line I

have drawn there we lost this key

support see how this was holding us up

since the uptrend started since early

August I was holding us up we got this

rejection and we're losing our 50 EMA

the yellow line right there is getting

lost so we got to reclaim 1 76.7 for the

turn back up otherwise we are favoring

the downside and I think that this

imbalance is going to faill I think

Amazon will be dipping down to 172 most

likely now don't turn overly bearish

these stocks could dip a bit but RI uh

but uh nvidia's earnings is going to

determine whether that continues for

meta we're looking at 522s resistance if

we don't reclaim that we may continue to

dip towards 515 then 508 I'm favoring

downside off the double top and bearish

Divergence that has been developing for

Microsoft it's the same thing

essentially we have a bearish Divergence

and a rejection we did exactly almost

exactly what I predicted so I said we

might ress these EMAs then reject that's

what happened so far so now it looks

more bearish I do think we might be

dipping lower we need to claim 415 to

turn back up otherwise we at risk of

Dipping and if 412 breaks I'm going to

be looking for basically

408 which is where this imbalances so I

think we're going to be dipping to 408

for Google Google's also looking like

it's just range bound if we were to lose

166 we're looking for 165 loose that we

turn bearish break 168 we could be

looking for 170 we're stuck in the

middle so I think we're going to likely

continue to do that so I think we could

push a little bit higher tomorrow we do

look a little bit more bullish we could

be looking for the 168 and then a move

back down and just some sideways price

action we're just range Bound for Game

Stop we look more bearish we have this

imbalance to fill so I think the most

likely possibility is we dip towards

20.8 for

AMC there's a bearish Divergence uh

we're looking for 5.03 to be tested

tomorrow if we hold this we could bounce

if we lose that we're going down to 4.97

might dip a little bit tjt is looking a

little bit more bearish but we're barely

going to be testing supports tomorrow at

21.3 6 so look for a little bit of a dip

If We Hold 21 363 balance if not we dip

lower so watch for that the vix is also

looking a little bit weaker but I'm

going to be looking for one possibility

so just this is just a hypothetical

situation the vix might try to pop a

little bit as the Market's dipping but

the question is are we about to form a

head and shoulders is this like our left

shoulder is this our head and are we

about to form like a right shoulder like

this if that's the case if this is a

head and shoulders this could imply that

the vix is about to get a rug pull and

Nvidia might pump the markets up not a

guarantee I don't know for sure guys it

depends on Nvidia of course as of right

now this is just consolidating but

there's a possible Head and Shoulders

developing on the vix which could

signify the possibility of the market

getting a big bounce after invidious

earnings so we'll see I'm not going to

promise it don't take this as uh you

know the only reason why you'd make a

trade you want to look at many

confluences but I'm just saying that

this is a possibility there could be a

head and shoulders and if that does play

out that could be a sign but just just

keep that in the back of your mind just

in case the 10 years is kind of flat not

really doing much the dollar is

approaching resistance at 101 so we'll

see what the reaction is and we'll be

very patient nonetheless anyways that's

pretty much it for my video as far as

Tesla goes we're looking a little bit

more bearish making lower highs

unfortunately we have not lost critical

support for test that to really start

dipping though so I wouldn't turn way

too bearish yet I'd rather wait and see

what the test gives us that's why

there's going to be a big test tomorrow

or by the next couple of days so that

being said thank you all so much for

listening have a great day night or

evening wherever you guys are around the

world and I'll see you guys very soon on

the next one tomorrow before the Market

opens thank you for listen listening and

peace out