Stock Market Watchlist for Tomorrow 🔥 ✚ Hot Crypto Take

Summary

In this financial analysis video, the host discusses the market's anticipation of the Federal Reserve's monetary policy easing and its impact on investment sentiments. They highlight the market's reaction to unemployment data, the S&P 500's performance, and the importance of watching daily and hourly charts for trading insights. The host also shares successful swing trades from their 'Chart Goat University' community, emphasizing the value of education in trading. They provide an outlook on specific stocks like Apple and Clean Spark, and a special guest offers insights into Bitcoin's market trends and potential future movements.

Takeaways

• 📈 The excitement from watching money being printed is due to its representation of spending power and opportunity, but there's a contemplation about how this perception might change in the future.
• 💹 The markets are expecting the Federal Reserve to stimulate the economy by easing monetary policy, with expectations fluctuating significantly, especially regarding the FED funds rate cut in September.
• 📉 Market crashes were triggered by unemployment data, but recent positive news has somewhat reversed this trend, although there's skepticism about the accuracy of the reported data due to potential revisions.
• 📊 The S&P 500 rarely records four consecutive weeks of decline, and the current expectation is for a green candle this week, indicating a potential upturn in the market.
• 📝 The speaker emphasizes the importance of daily and hourly chart analysis for traders to make informed decisions and stay updated with market movements.
• 🎓 Chart Goat University is highlighted as a valuable resource for traders, offering guidance and a supportive community for both experienced and new traders.
• 🚀 The speaker had a successful trading day with multiple profitable swing trades, one of which yielded a 100% return, showcasing the potential for significant gains in the market.
• 🔑 The video mentions Paramount Global's decision to cut 15% of its US workforce, yet its shares rose on second-quarter earnings, indicating market reactions to company-specific news.
• 📊 The speaker predicts a continued uptrend for the market the next day, with a focus on Apple stock and its potential movements, including the possibility of a test of strength and a reversal.
• 📉 Clean Spark is discussed as a potential investment opportunity, with the speaker expressing a bullish outlook despite short-term volatility, and setting specific price targets for entry and exit.
• 🔑 Micron Technologies and Apple are identified as stocks of interest for potential swing trades, with the speaker providing technical analysis and price targets for both.

Q & A

What is the general feeling when watching money being printed?

The general feeling when watching money being printed is a bit of excitement because the green pieces of paper represent spending power and opportunity.

Why is there a fluctuation in expectations regarding the Federal Reserve's monetary policy?

Expectations fluctuate because the markets want the Federal Reserve to ease monetary policy and stimulate the economy by firing up the printing presses again.

What was the market's initial reaction to the Federal funds rate for September?

People were asking for a 75 basis point cut right off the bat, indicating they were looking for deep cuts immediately.

What caused the market crash mentioned in the script?

The market crash was triggered by some data regarding unemployment that came out, causing a negative reaction.

How did the morning's report impact the market's downturn?

The morning's report, which was positive, cancelled the capitulation downturn that had been ongoing.

What is the significance of the S&P 500 not giving a red candle four weeks in a row?

It signifies a potential market recovery or at least a temporary halt in the continuous downtrend, as the market rarely goes down for four consecutive weeks.

What was the successful trading day outcome mentioned in the script?

The successful trading day involved entering a number of swing trades that worked out well, including one that gave a 100% return.

What is the purpose of the 'Chart Goat University' mentioned in the script?

The 'Chart Goat University' is a community where members, including seasoned traders, provide guidance and help to each other, making it a pro trading community with a positive environment.

What is the current stance on CleanSpark according to the script?

Despite some volatility, the stance on CleanSpark is bullish overall, with the belief that it will perform well if Bitcoin and altcoins push up towards the end of the year.

What is the importance of watching the charts in trading as per the script?

Watching the charts is crucial in trading as it helps to react to market movements rather than guessing or trying to jump ahead of the market, allowing traders to follow the market's direction more accurately.

What is the current view on Apple stock according to the script?

The view on Apple stock is that it may see bullish days ahead, but there is also a potential for a bearish scenario if the market corrects and goes down, with true support for Apple stock being between $192 and $182.

What is the significance of the 200 EMA in Bitcoin trading according to the guest in the script?

The 200 EMA is significant as it has historically indicated local bottoms and good buy opportunities in a bull market. If Bitcoin stays above this moving average, it is seen as a bullish signal.

What is the potential next move for Bitcoin according to the guest's analysis in the script?

The potential next move for Bitcoin is to watch for a close above the 200 EMA on the daily chart. If it happens, it could indicate a bullish trend, but if not, the price might bounce around, and there could be more accumulation in the altcoin market.

Outlines

00:00

📈 Market Sentiments and Federal Reserve's Monetary Policy

The speaker begins by discussing the public's excitement over money printing and its representation of spending power and opportunity. They ponder whether this sentiment will persist in the future. The talk shifts to the Federal Reserve's potential actions to stimulate the economy by easing monetary policy, with market expectations fluctuating significantly, especially regarding the FED funds rate cut in September. The speaker mentions a market crash triggered by unemployment data but notes a recent positive report that has cast doubt on the accuracy of such data due to revisions. They highlight the S&P 500's historical pattern against consecutive weekly losses and predict a market bounce, using the 'Spy' chart to illustrate potential trends and support levels. The speaker also shares their successful trading day, emphasizing the value of the 'Chart Goat University' community for trading guidance and education.

05:01

📊 Analyzing Market Trends and Individual Stock Performance

The speaker continues by cautioning about position sizing and overnight holds due to the market's sensitivity to data adjustments and potential downturns. They forecast a continued uptrend for the market but focus on Apple stock, suggesting it may face a test of strength and possible reversal. Using technical analysis, they discuss the importance of the 21 EMA and resistance levels for the S&P 500, indicating a potential V-shaped recovery. The speaker also addresses Clean Spark's postponed earnings report, expressing a bullish outlook despite short-term volatility, and provides a detailed analysis of its price movements and potential entry and exit points. They conclude by briefly mentioning other stocks like Micron Technologies and Nvidia, hinting at potential trading opportunities.

10:03

📉 Apple's Market Outlook and Cryptocurrency Market Analysis

The speaker delves into Apple's stock performance, highlighting a bearish ascending channel and suggesting that significant support levels lie between $192 and $182. They recall a previous successful trade based on Warren Buffett's sale of Apple shares and indicate a potential bearish view if Apple faces rejection at resistance levels. The speaker also introduces a special guest, Mark from Tribal Trades, to discuss Bitcoin's sideways movement and its critical price zones. They focus on the 200 EMA as a key indicator for market sentiment, with historical data suggesting bullish trends when above this average. The discussion includes potential support and resistance levels, the significance of the CME Gap, and the implications of the hash ribbons buy signal for future price movements.

15:04

🚀 Bitcoin's Market Dynamics and Strategic Trading Insights

In the final paragraph, the speaker and their guest, Mark, examine Bitcoin's current market position, focusing on the importance of the 200 EMA as a bullish/bearish indicator. They discuss the potential for a bounce from this level and the significance of closing prices above it for confirming a bullish stance. They also consider the possibility of a market rejection leading to a downward price movement, emphasizing the importance of watching for specific candlestick patterns at key resistance levels. The conversation concludes with a reminder to follow the charts for trading decisions, a nod to the potential of the altcoin market for accumulation, and a parting message of peace and blessings to the audience.

Keywords

💡FED

The Federal Reserve, often referred to as the FED, is the central banking system of the United States. It plays a key role in the economy by influencing monetary policy, including interest rates and the money supply. In the video, the expectation of the FED 'firing up the printing presses' refers to increasing the money supply, which is a form of monetary easing aimed at stimulating the economy.

💡Monetary Policy

Monetary policy refers to the actions of a central bank, like the FED, to control the supply of money and interest rates to stabilize the economy. In the context of the video, easing monetary policy suggests a more lenient approach, such as lowering interest rates or increasing the money supply, to encourage economic growth.

💡Basis Point

A basis point is a unit of measure used in finance to describe the percentage change in the value or rate of a financial instrument. One basis point is equivalent to 0.01% (1/100th of a percent). In the script, a 75 basis point cut refers to a significant reduction in interest rates by 0.75%, which is a substantial move in monetary policy.

💡Unemployment Data

Unemployment data provides statistics on the number of people in a country who are unemployed and actively seeking work. In the video, the mention of unemployment data causing market crashes indicates its importance in economic health and investor sentiment. The accuracy of this data is questioned, as revisions can impact market expectations.

💡S&P 500

The S&P 500 is a stock market index that measures the performance of 500 large companies listed on stock exchanges in the United States. It is often used as a benchmark for the overall U.S. stock market. The video discusses the S&P 500's historical pattern of not declining for four consecutive weeks, which is a key observation for market trend analysis.

💡EMA (Exponential Moving Average)

The Exponential Moving Average (EMA) is a type of moving average that places a greater weight and significance on the most recent data points. It is used by traders to identify trends and potential reversals in the market. In the video, the S&P 500 sitting above the 21-day EMA is seen as a positive signal for the current market trend.

💡Swing Trade

A swing trade is a trading strategy that seeks to capture gains in a stock or other financial instrument within a few days to a few weeks. The video mentions successful swing trades, indicating trades that were entered and exited within a short to medium timeframe for profit.

💡Chart Goat University

Chart Goat University appears to be a community or platform mentioned in the video where traders share insights, guidance, and execute trades together. It is portrayed as a supportive environment for traders of various experience levels to learn and improve their trading skills.

💡Cryptocurrency

Cryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. The video includes a 'hot crypto take' segment, which likely discusses current trends, news, or analysis specific to cryptocurrencies like Bitcoin.

💡Bitcoin

Bitcoin is the first and most well-known cryptocurrency, often seen as a benchmark for the entire crypto market. In the video, Bitcoin's price movements and analysis are discussed, with specific attention to its performance relative to key price levels and moving averages.

💡Technical Analysis

Technical analysis is a method used by traders to forecast the future price movements of a financial instrument based on past market data, primarily price and volume. The video heavily references technical analysis, using terms like 'ascending channel' and 'bearish patterns' to interpret market trends and make trading decisions.

Highlights

Excitement over money printing and its representation of spending power and opportunity, with a contemplation of future perspectives on this issue.

Market expectations for the Federal Reserve to ease monetary policy by cutting rates, with a focus on the FED funds rate for September and a 75 basis point cut anticipation.

Market reaction to unemployment data and skepticism regarding the accuracy of the reported figures, with concerns about potential revisions.

Historical market trend observation that the S&P 500 rarely records four consecutive weeks of decline, with an analysis of the current market's potential to bounce back.

A successful trading day with multiple profitable swing trades, including one that yielded a 100% return.

Introduction and promotion of the 'Chart Goat University' as a community for traders offering guidance and educational resources.

Emphasis on the importance of reacting to market movements rather than attempting to predict them, advocating for a strategy based on chart analysis.

Presentation of 'hot plays' and trade setups for both swing and option traders, along with a promised 'hot crypto take' featuring a special guest.

Analysis of the market's response to an initial jobless claims report and its impact on the market's direction.

Discussion of Paramount Global's workforce reduction and its market implications, highlighting the importance of monitoring unemployment data.

Technical analysis of the S&P 500, focusing on key resistance levels and the potential for a market uptrend.

Detailed examination of Clean Spark's stock performance and future potential, including personal trading strategies and stop-loss settings.

Micron Technologies' stock analysis, including potential entry points and technical indicators for a potential swing trade.

Apple stock's technical analysis with a focus on bearish patterns and potential resistance levels for future trades.

Special guest Mark from Tribal Trades discusses Bitcoin's market status, focusing on critical price zones and potential future trends.

The importance of watching candlestick patterns for market direction cues and the significance of closing prices on moving averages.

Final thoughts on the potential for the market to continue its uptrend if certain technical levels are maintained or surpassed.

Transcripts

[Music]

I'm

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things

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right now the feeling that we get when

we watch Money Getting printed is a

little bit of excitement because each of

those green pieces of paper still

represent spending power and opportunity

I wonder when we look back at these

types of videos in the future if we'll

still feel the same way why do I mention

that because the markets want the FED to

fire up the printing presses again and

restimulate this economy by easing

monetary policy and the expectations

have begun to fluctuate quite quite a

bit looking at the FED funds rate for

September people are asking for a 75

basis point cut right off the bat

they're looking for deep Cuts right away

now we know that the markets began to

crash on some data that came out

regarding unemployment and this morning

we actually got some good news now

there's a ton of people that are

doubting what the accuracy of this

morning's report and are concerned that

a week from now or two weeks from now

when they revise those numbers because

they'll give you the initial publish

data and then often they will finalize

it later that the number actually isn't

accurate but that's what cancelled the

capitulation downturn that we had been

in now if you guys remember I've showed

you the Spy chart many times and I've

said at least 10 times in the last

handful of videos that the market rarely

goes down for a fourth week straight the

S&P 500 rarely gives a red candle four

weeks in a roll and I mentioned that we

still had today and tomorrow to turn the

candle green and so it appears we are

still bouncing I'm going to take you

guys into the Spy chart and show you

where we might be going and what level

we need to hold to know that we are

still in an uptrend I'm watching the

charts just like you should be from day

to day and hour to hour now I have to

highlight that we had a very successful

trading day I entered a number of Swing

trades that worked out beautifully one I

alerted that gave me a 100% return and I

think a lot of folks in the chart goat

University followed and made some good

wins today it's not just me over there

there's a ton of guys in there providing

guidance it is a university after we

made the swing trade I broke it down and

I took some time to teach as to why the

trade worked out as well as give some

guidance on the spy for the rest of the

day and it all played out exactly as

predicted guys if you're not a member of

the chart goat University you should

come over there and check it out the swj

heart fam is growing rapidly and it's a

very active Community with a ton of

guidance from not just myself but a lot

of other seasoned Traders now I believe

that it's a pro trading Community but

there's a ton of people that are just

getting going and it's a place where you

can find help and get questions answered

not just from me but a ton of people

that are extremely helpful I think it's

an extremely positive Community don't

sleep on it this is the stocks with Josh

show thank you for hitting the like

thank you for dropping a heart and

saying hi if you are new to this page

hit that like and the subscribe so you

can get some help trading these choppy

markets using the charts as a guide we

are not trying to jump ahead of the

market we are trying to react we're not

proactive to the market we're not trying

to guess we're trying to wait and see

what the candles and the charts tell us

and then we follow carefully behind

believing those charts can I get a like

on this video if you are on the same

page now today I'm going to give you

guys a couple hot plays trade setups

that I'm looking at that are both for

swing Traders as well as option Traders

and I'm going to give you a hot crypto

take I'm going to bring a special guest

on to highlight a couple of the

important news stories surrounding

Bitcoin and some of the charts that he's

looking at and I'll bring him on in just

a little while so why did the markets

turn green today well we got a better

initial jobless claims report than had

been expected on that note right when I

was going to make this video I saw a

news story pop up Paramount Global

announces it will cut 15% of its us

Workforce shares rise on the second

quarter earnings I underline that

breaking news story just to remind you

that the market is going to be watching

unemployment moving forward and as I

said earlier that the data that we just

got may not be accurate data and so it

can be quickly adjusted and the markets

could return to a downtrend so on that

note be careful about your position size

and be careful about holding plays

overnight in the local Trend which means

tomorrow I see the markets continuing

higher I'm going to highlight Apple

stock today and show you where I think

it might be going before it could face

another test of strength and a possible

reversal to the downside I'm not

predicting that I'm just showing you I'm

going to show you guys what I'm watching

there let's just start off though and

take a quick peek at the spy and exactly

what targets I've got on that all right

as I said before the market rarely goes

down four straight weeks in a row and

that I was expecting the fourth weekly

candle to go green and that's what we've

got right here I'm showing you the 5-day

trading chart now we need to get above

531 and we finished the day right at 531

but the good news is that we are are

currently sitting above the 21 EMA now

if we had gotten rejected there then it

would have been a pretty serious warning

sign for the markets at the moment it

appears as if we've got a nice little

bounce going the next test is going to

be 539 we have to see how tomorrow's

candle closes we want to at least see

this week close a candle above 531 and

that would give us the signal that we

could potentially be in that v-shaped

recovery or at least moving to 539 again

we're not out of the woods just yet

because this is a data driven news

driven market and we could easily see

another Smackdown before moving higher

all right now I want to briefly talk

about clean spark they were going to

report earnings this evening but they

postponed it this is an active swing

trade for the chart goat University I've

been buying since

$10.56 now I have a stoploss set and I'm

watching it very carefully but even if

we were to get another down candle I'm

still bullish overall on the opportunity

on cleanspark I would still be wanting

to reenter right away on any form of dip

I might just wait for a flash down even

if we had bad earnings now I'm coming

out here to outline that for you because

sometimes you take an early start in a

play and there's still some volatility

in the micro I'm going to play it

cautiously in the macro

I'm absolutely bullish on clean spark

because I believe that when we do

finally get a move back to the upside on

bitcoin that gets confirmed and we begin

to push up towards the end of this year

on bitcoin and the altcoins I believe

clean spark is going to make its way

back up to the top of the range which is

easily 20 to $23 let's go look at that

chart real quick okay we're going to

start off on a daily time frame and yes

price has broken down quite a bit it

Consolidated around $16 for a very long

time just like Bitcoin was consolidating

around 60k and when Bitcoin broke down

clean spark broke down with it now it

broke beneath our bullish ascending

Channel but we have since recaptured the

channel and now we are sitting ominously

at the bottom of the channel again if we

were to break I've got my stop set right

beneath $10.50 which is largely where I

entered my position I have accumulated

some more bringing up my average cost

that's where I've currently got my stop

loss set and if we did break it and I

triggered or sold my position during

earnings then I would be wanting to

reaccumulate somewhere around

$8.3 because I see big opportunity if

you want to be a conservative investor

and you want to take this cautiously

then 835 is a pretty nice price not to

ignore on clean spark if we were then

just a return back to this area of $16

you would have a near 100% gain

opportunity now I believe that if

Bitcoin gets to 80k in the months ahead

I could see clean spark easily hitting

this $23 Mark which again if you got in

at 1050 and held through some turbulence

even if it went down as low as $8 if my

projection is correct then you would not

be at all upset about buying in this

range so if Bitcoin goes higher in 2024

and 2025 clean spark is absolutely going

to follow it it's one of the best

performing minor stocks uh of this

particular bit coin cycle and I don't

see why that overall trend won't

continue even if we were to come down to

$835 we'd still be making a higher low

which I believe would then take us on to

make a higher high 2016 then 23 and then

32 is my overall Target for the big move

in 2025 now I'm going to quickly give

you two more charts because I'm running

out of time and we need to make time for

that hot crypto take so let's go back

into the charts to look at Micron

Technologies and Apple stock okay hey

guys Micron Technologies like smci and

Nvidia has been on an explosive move up

since December of 2022 now we absolutely

hit a top at around 160 and we have seen

very strong profit taking and rejection

now personally I'm watching this overall

bearish ascending Channel now I am

foreseeing that we're going to touch the

bottom of that channel which I've got at

around

8070 we want to see what type of candles

we get in this area we want to see if

the macd curls up we want to see if the

stochastic curls up before entry but

this is an area of high interest and you

can see these little alarm clocks or

signals that I've got set at 8070 and

I've got another one set at

7480 now what we want to see is for it

to respect a trend line we want to see

if it respects the ascending Channel if

it doesn't respect that we want to see

if it respects previous structure and if

it doesn't respect that we want to see

if it'll bounce on the structure beneath

that around

$64 but I am looking at Micron

Technology as a potential swing trade in

the days ahead now I'm going to take you

into the Apple chart here in just a

minute and let me remind you that the

last time we traded Apple we got a 4

100% win on that trade it was puts to

the downside and we entered them right

before Warren Buffett had announced that

he had sold 50% of his bag and the

reason why I mentioned it is I want to

remind you Warren Buffett sold 50% of

his bag a pretty big position to take

against one of the most important

companies in the world now I believe

that Apple stock is still going to see

bullish days ahead but ultimately if

this Market wants to correct and go down

true support for Apple stock is between

192 and 182 those are the most important

support lines in the days ahead and

there still may be companies attempting

to unwind a very large position in apple

stock and because of that I'm going to

give you a potential bearish View on

Apple and where I would be looking for

Price rejection to consider another

Apple put play let's go look at that

chart all right on Apple stock we have

some bad patterns you guys hear me talk

about these trading patterns all the

time right here we have a bearish

ascending Channel broke hard to the

downside now we have a bearish ascending

wedge which would bring price back to

2116 we're currently sitting at 2113

which means tomorrow could be another

good day for Apple we also have this

beautiful bullish uh candle that we

printed today on Apple I think price

would pass

2680 probably get above to around 218

hit the top of my resistance line that

I've drawn here and that's where we need

to watch it carefully because if we end

up getting a rejection candle at that

important and significant area of that

used to be support but is now turning

resistance then we know that there is a

ton of more profit taking ahead for

apple and room for it to unwind and for

the price to continue to come down and

then we're going to try to catch and get

some of that I've got signals set for

apple and you'll get more updates and

alerts on these stocks with Josh

personal patreon at which is the chart

goat University where not only am I

giving you alerts but I'm also

explaining my trades to you guys so that

you can learn and if I stop doing this

thing you guys can continue to make Wall

Street your ATM that's the goal

education education I've said it so many

times learn test execute most Traders

begin with executing then they learn the

hard lesson and then they start over

testing again hopefully you're not on

that journey and if you want to avoid it

get into the chart goat University all

right let me just bring on my special

guest so we can get a hot crypto take

and keep our eyes on our crypto

portfolio as well please help me welcome

mark from tribal trades all right Mark

Bitcoin has been moving sideways for

over 170 days we're still underneath

this critical Price Zone of 60,000 600

that's the important price point that

Bitcoin has has to recover above for us

to believe that we're moving back to

all-time highs and so we're still in the

hands of the Bears for as long as we're

beneath 6,600 but the fact is we just

bounced off of$

49,000 and here we are

$10,000 higher at

59,000 there's could be a ton of bears

waiting to pounce on the Bulls at that

level and we might be headed towards

another leg down are you bullish or are

you bearish what's your hot crypto

take that's a great question so I'm

looking at the 200 EMA on The Daily time

frame that's sitting right now at about

59400 now historically in every bull

market when Bitcoin has gone below that

it hasn't stayed number one below it for

very long uh number two it's always

worked out to be a local bottom and a

good buy opportunity so when we're while

we're above that moving average and

right now we're sitting bang on it uh

Josh so while we're above that I'm

waiting for that daily close while we're

above it I'm bullish and while we're

below it I'm I'm bearish because we

could bounce off it and come down and

reach some of those lower targets of

course we've got the CME Gap right above

it that's sitting at about 59,500 to

about

62,500 they generally get filled sooner

rather than later now of course we could

come back down reject off that 200 EMA

then later on bounce back and fill that

uh that EMA Gap we've also had the hash

ribbons Buy Signal fire off and that

historically has been another good buy

the dip it doesn't fire off many times

only 19 times in bitcoin's entire

history so only probably about twice a

year over the 10 11 years has it fired

off or less than that uh and then

literally I'm not if we do come down I'm

not really seeing I I I watched your

video the other day I think you were

spot on you were calling for 47k 47k was

exactly how what I felt we were going to

come down to the other day we didn't

quite get to it doesn't mean we're going

to come down to it at this point if we

do get a a bullish close above the 200

EMA on The Daily I'm less likely to say

we're going to come and tag that and

remember the miners the cost of mining a

Bitcoin right now is4

$5,000 historically if we've lost that

level we have gone into a bare market

and so I'm not calling for some of the

super low levels that I've seen uh

online or or posted around by people uh

while it's

possible I do think that if we did get

down there I'd really question if we're

still in a bull market so I'm GNA I'm G

to pin my uh Ta on the 200 EMA daily

sitting at about 59400 I want to see

some close I'd love to see a three-day

close over that uh maybe a weekly close

a retest and then off to the races would

be great if not I think we could just

bounce around here for a little while um

while there's some more accumulation and

definitely the altcoin market has been

great for accumulation as well well I

love that hot crypto take and I just

want to uh clarify that I'm not calling

for Bitcoin to go back to

47k my and my specific call was that

that is the lowest that I could see us

go if we went into a Black Swan event

maybe a really bad news story uh you

know breakout or escalation of War we

could potentially come back and tag that

level but at the moment I would agree

with Tim that uh as long as we were

watching the charts I said it earlier

when we were talking about stocks do

yourself a favor don't get in front of

the price get behind it let's see what

it does if it recovers those moving

averages and it closes on a daily or a

weekly candle then we can get even more

excited if we get rejected what would

rejection look like well it would look

like a real tall Wick rejection candle

it means that the market was moving

bullish and then the Bears came and

pushed the price down so at a key level

of resistance or support watch the

candles now Mark just gave you that

important level now it's time to watch

the candle don't take a risk position

until the candle tells you what it wants

to do we're still in a new driven cycle

but I would also agree with Mark that we

do not have to come back to 47k at all

not at all and so we're going to be

watching that uh close potentially I

think that 59 to 60 level that he's

referring to is super important

ultimately on the weekly time frame we

have to recapture our trade zone which

I've defined as 6,600 if we get a little

higher and we get up there and we close

the weekly then there is no reason to

believe that we won't go back to the top

of the r range and you might have missed

the best buying opportunity yet so far

in 2024 not predicting that I'm

following the charts and I recommend

that you follow the charts too I want to

remind you guys again this is Mark from

tribal trades go check out his channel

now I'm going to leave a link to one of

his videos that I think you need to

watch at the end of this video go check

out that video and hit subscribe when

you're on his page appreciate you being

here Mark today uh peace and blessings

fam we'll see you tomorrow talk to you

soon byebye

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