Today, it'd be one of those what a stupid intro today'd be one of those days, man. Ah tired, tired, tired guys. What is up welcome back to trading streams, we're bringing you talk fast. No, let's get class.

I remember everybody saying i'm not a firefighter expert. So take what you say: they're going to solve. Let's get into the video today, we've got quite a bit to discuss. We've got a long agenda.

I know that yesterday i didn't put out a play of the day uh, but but my life last weekend, the last 30 hours has been all streaming. I've been uh, i've been pretty heavy in our slash place, which i'm going to mention last uh on the agenda, but i'd like to go over a couple different things right amc you can see here. We always like to start off with the girl, amy uh similarities to previous rips and there's actually one that i find to be pretty uh fascinating right now. I know there's some some white coffers artists, i like to call them the whack offers uh, because you get it, you get it that's so stupid, but i do see some similarities.

Nonetheless, uh that i wanted to point out. I think there's some some interesting stuff happening. I want to go over the strength box, which is going to be significant in the way that our girl amy moves forward uh. I do still actually think we're pretty decently close we're close to a rip.

I would not be surprised if this week is a good week. What i'm watching really is the acceleration or the deceleration of the algorithm, the way that this stock is pinged back and forth. Uh, like like uh, you know with with the way that these algos move things so we're gon na look at that. We're gon na look at the bullet bear case scenario as well: uh, the good the bad, whatever uh.

What i see as being possible, then we're gon na go into the spy, the spy. You know, there's a couple uncertainties that are currently circulating around. I still see people talking about the yield curve, which i find to be just asinine. I think this is a really goofy thing uh to get worked up over.

I do a video about that. If you want to look into it, but we will discuss that russia. We are i'm just keeping up on russia, because this is a situation that is influencing the way the stocks move, left and right up and down whatever side to side. The jiggy with it stocks are kind of uncertain right now, uh in terms of neutrality yeah.

I think it's trying to decide whether it wants to continue downward pressure or move up and we'll discuss that. I personally believe that it's going to continue up levels on the spot to watch for so we can see some continuation on our girl amy. It's no coincidence. I mentioned this in my video this weekend that uh that the spy is gon na influence, the way that amc moves, and it surely did.

I don't have a play of the day to review, but we will have one for tomorrow, which i'm going to discuss with you uh at the end of the video here today, which is right here, tomorrow's play of the day uh. I will outline that, for you pretty clear as day and then the last piece is going to be our slash place before we get started before we get going. If you'd like to join my discord is absolutely free. It's going to stay absolutely free.

We've got a great uh algorithm coded in there, so you can use different, crossovers and different time frames to help make yourself some money. People do uh pretty decently. Well with it. So with that being said, uh i want to point out to you a couple different things that i find to be interesting with amc.

What i've got here is drawn up a couple different arrows and if i was to show you this on an actual chart, i've got these copy and pasted over. So i can show you exactly what i mean uh there's some pretty interesting similarities in the way that uh amc is kind of training right now compared to where it's been in the past. Now this candle right here catches my attention in a pretty good way, in the same way that this candle uh - maybe i didn't take the right screenshot but i'll just show you on my my actual chart the same way that this candle does right before we got Our major run-up, i think this one looks more uh lined up with what's more likely going to happen, but i do want to discuss that with you here today so check this out. What you see over here is uh a quote-unquote breakout right.

We are in a super long downtrend, which you can see right here right. If i'm to draw this out, just continues down continues down continues down continues down. Does that sound familiar, i mean that's really. Basically, what you did is you're a turd and that turns are getting flushed down the toilet for the last uh, the last nine months, and it's a it's a really slow toilet man.

Well take this. This is basically like a code of algorithm and the algorithm for amc. The shorts, the the people who are betting against this company uh decided that they wanted to push this down for a prolonged period of time, right until basically what it looks like from out of nowhere. You saw a form of a reversal now.

What was the reversal kind of like? Well, if i draw this out the most simple way possible, let me uh make this a little bit thinner just so i can show you i'm going to change the color to white. Well, what you can kind of see here right, if you look at this in sort of a larger time frame, is what appears to be. Wouldn't you know it a falling wedge and, as it broke out of the falling wedge, very slowly, which you're going to notice down here as volume starts to slowly, ramp up, gets a little push and then rejection off of this candle to what is the next candle Highlighted in the red arrow now, i think what this red candle is representing right here is where we presently are trading, it's the pullback, it's the rejection off of a critical level and the critical level back then funny as it sounds, i mean this is this is Pretty goofy to think about, but it was about three dollars right. Three dollars came back down to retest that three dollar breakout the same way that amc's trying to retest the breakout right now uh, and i'm going to show you this check this out right.

This is where we're at right now. What do you see that just happened? Well, we got this nice string of candles coming off of what was a really nice falling wedge breakout. So i'm going to come over here and show you this falling wedge, breakout, larger time frame, uh, definitely a greater amount of price action for the push down here, but nonetheless this is a falling wedge in the same way that that was a falling wedge. This is just loosely drawn out here, for you breaks out of this falling wedge.

Even the top line, we're just gon na - take the bottom line here you can see the bottom line breaks that out and then, as that happens, what do you notice a slow ramp up in volume? The candle starts to get a little bit of movement and it breaks out over a critical level. This right here appears to have been the critical level right. This is an acceleration. I would like to think of this as an acceleration.

Let me draw this out and draw this out really quick. This portion right here is an accelerated breakout. Acceleration means a speed up of the process of an algorithm speed up algorithm right doesn't necessarily mean that it's going to go up or down anymore. It just means that my eyes you're, seeing the stock move at a quicker pace than previous.

In that same regard, though, this price action right here strikes me as eerily similar to this right here, because if you look at the levels that it's covering right, let's come back to the candle back in january. I think what you're going to notice is that what it does is it comes back down to retest these previous levels that were covered by this candle? It comes all the way down to just barely above uh, the barely below the base of this candle kind of tapping down into the wick, and it rejects off that consolidates and continues the rip up. Well, if you're to come back, what do you notice is happening with these candles right here? If you were to take the candles that presently exist and make them into one hyper candle? What would you see right? Well, i'm just gon na draw this out for you right now and show you about what this would look like, uh with some red so check this out. If we were to draw this out in red, you can see that this level right here comes all the way down to about this level.

Right here, this is colored in this is all solid candle bar. This is a wick. This is a wick right. What does that look like covers about the same level as this covers about the same level as this, and it tests out these levels from this candle? Well, if we come back to january, looks pretty eerily similar.

Does it not granted this one's missing the wick? On top, but you can see it's covering basically just retracing trying to see. Do we want to continue with this breakout from this candle? I mean it's. It's eerily similar, it's crazily, crazily, similar even down to the fact that it tried to push higher and reject it off of that push higher the same as this one right push is higher, didn't quite get it daily candle right here. If you take this and pretend this is one big daily candle this to me, this white section right here is a deceleration.

I personally believe that this is a slow down. It is a slow down of the presently active algorithm that moves this stock back and forth up and down up and down up and down. Let's just be frank, with ourselves right as much as we we like to to bang our heads against the wall and we protect. We we stand for what we believe in the computers are 90 of what moved this thing right, we're along for the ride, we're along for the ride as retail right now.

Until these algorithms say it's time to rip the cap off this bottle, man and uh drop a menthol in it. I mean that's really what it comes down to and to me this is a deceleration coming off of the acceleration that happened here up air is gon na signify acceleration. This is going to signify deceleration. So if you were to take these principles - and let's just say that this is a theory by the way - i don't know if this is going to be absolute fact, but this is something that i personally believe, 10 being fact, one being complete speculation.

I would put this uh in terms of confidence, maybe at like a four to a six. I'm not convinced, but a lot of things do line up coming down to the volume right volume ripping up coming off, of the falling wedge breakout coming up with the the acceleration phase and the rejection candle. I personally just believe that this has been a slowed down version of what you saw happened back here now. What happened back here? History could teach us anything.

It said it usually repeats itself and sure it already has back in june and i think we'll again uh come into the future, so what it did if this is to continue on the path that it's on, i think what you're looking for is this next doge Candle this doji candle represents essentially uh indecision indecision and i think what this would look like if we were to draw it out uh, it would be price action somewhere around here. I think you're going to trade back and forth between 24 and 26 dollars. Maybe a hair of a wick up here, hair ever wick down here, you know close, probably between 25 26 bucks for the best case, bull scenario for amc. This is what i would personally like to see.

Maybe this is one candle. Maybe this is two. Maybe this is three daily candles by the way, that's the time frame that i'm looking at uh, it's possible - maybe it's one, but if it is one it means that you've exited the deceleration algo phase and have re-entered the acceleration. We are back on a different time frame essentially think of this, as the charts are not trading price they're trading time and what you're watching is a speed up and slowdown of the pace in which they are trading this time and i'm waiting to see whether or Not they're going to continue on this deceleration track or, if they're, going to speed things up.

One thing that i've noticed is when we rip up acceleration, typically meaning by the way that it speeds up the rate at which these algorithms are trying to push a stock right. You typically see faster movement, uh, faster movement and track with what i personally believe, algorithms would like to trade. If you get this doge candle and it continues up and re-test, and i think the level that you're looking for on a re-test is going to be uh. This box right here between 30 and 34 dollars.

I think if you come up that and you break it, this is gon na look a lot like back in january, where you can basically uh you can just grin. You can sit back on your chair. You can pop open a nice uh, nice, cold, surly, furious ipa and just chuckle, because you know what what came after that right. We look back here in january.

What came after this doji candle, re-test and breakout is a couple of slower movement days. Volume continued to inch its way higher right, higher volume bar higher vampire and uh it broke out. I mean the next day was just absolutely monstrous. You got this huge after hours push and it was up 100 and the pre-market was up three four.

Five hundred percent 500 at the greatest point in time - and i think you can see that again - i really genuinely do and if you'll notice, one thing by the way, what i find to be the most peculiar is the volume down here check out this volume right Now we're following this acceleration deceleration theory what you're going to notice is. It continues on this breakout volume slowly picks up and, as it looks like it's dying, the volume comes down for a brief moment and then continues higher. It's like a little dip. It's like it's like you're, getting a taste of some grizzly, wintergreen, uh and you're.

Talking like this, it's kind of shitty - i don't know - i don't know. I don't like chewing this ain't, my thing, but it gets its movement back up well, you're, watching this exact same thing happen right now, with volume bars on amc, so we're gon na come back to our present moment in time. You're gon na look at this you're gon na see. Yes, we got a huge ramp up.

We got ta ramp down granted. This is what i think to be a deceleration phase, but it's falling almost picture perfect, the exact same thing. So what my theory is and the way that i'm gon na wrap this up and we're gon na move into the next things that i like to talk about. Is i personally believe that movement back in january equals the movement that you are seeing right now? I think that the movement, the last five days reflects one day of price action pa in january, and i think it's that downwards bar of pressure right here, i think you're getting to witness this deceleration uh, that's what this five days equaling one day would be, is A deceleration of the algo that moved that one day bar uh in a single day, it's following a lot of the similar things.

The volume looks pretty much the exact same. The price action cover looks almost the exact same. It's following sort of this similar parabolic arc up, looks pretty interesting. That's i think the bold case scenario bear case scenario.

Is i'm just completely wrong, in which case i think you're gon na see this come down to test 21.25? Didn't quite get that today, uh push down, i'm gon na show you the one minute: candle bar shoot, really quick and show you what this kind of looks like uh. But if you're looking at one minute bars what you're gon na notice is, it came down to 22 bucks hard rejection. Iwm got to move back up as i've mentioned before iwm and the spy reflect greatly in the way that amc, gamestop and all the other meme stocks and smalls mid cap companies, trade iwm dips down it moves back up. Amc did the exact same thing: that's the algos.

That work i mean that genuinely genuinely is you see, iwm bounce? You can pretty much know instantly that amc is gon na bounce with it and it did and as long as we see continued strength in iwm in the spy, i think that this theory is decently likely bear case scenario. However, as i've drawn up right here, i think it's a tap down to this level on the fit which is about 21 dollars and 30 cents so far, we're in the clear i i'm leaning more towards the bowl than the bear. I think it's following this trend line: you can see that it bounces up and down up and down up and down above and below this ascending level of support and resistance. It acts in different ways, depending on where the price action is trading right.

Now it's acting as resistance, hard move above that is obviously going to bring a pretty decent push as you've. Seen back here right, you got to break above this big move game. I would expect the same exact thing if we can get back above this box right here, the strength box, which is two fib overlays between 50 and uh 78.6. And i think if you get that you know you're, probably gon na reclaim that trendline you're looking pretty solid, we can continue on the road that we've been on uh for getting that doji candle, followed by a nice move up to retest 34 bucks.

That's going to be a key level critical level 30 to 34, this box, i'm just going to label right now, so you can see it all this you get a break. I think you see a 10 move within a couple days genuinely. I think you really really will 10 move. I would not be surprised to see 40 or 45 bucks uh within 48 hours of breaking above that uh that box, that we've got labeled right there.

So with that being said, iwm and spy are important. So i do want to touch on uh what these kind of look like. I've got a video on the yield curve. If you'd like to look into this, i've got all my thoughts very well outlined it's uh.

It's long. I don't really want to go over the same information twice because it hasn't changed. I think this is a pretty evergreen video. I think it's uh it matters, and it don't really change they want you to sell is the title of the video and it goes over.

The yield curve, but if you want the the five second tl dr basically inverted yield curve, typically means that a recession could be coming. Uh people are claiming that the yield curve could push stocks down. I personally disagree and i outline why i believe that to be the case in that video, so you can go check it out if you'd like to uh. But that being said, i want to show you sort of the the fear and the confidence in the markets right now.

This is coming from cnn. They watch what is called the fear and greed index right now we're about neutral and i think, that's actually a decently fair assessment. Uh we're in neutral territory, where the market's trying to decide whether or not they'd like to continue the rip upwards or they want to continue the downwards pressure, and this is sort of the pivotal moment. You know we are already out of the bear trend, we're actually decently close, believe it or not to being back to all-time highs right now, we're at 456 bucks.

We've got another 20 basis, point move until you're back at all-time highs, which is uh very possible. I think it's tracking decently, well the bull model that i had laid out, which was it breaks out of this rising wedge, which is a bearish trend reversal, and you see it bounce off of this key level right here coming off of what looks like a downside Level of resistance it broke it, and now it's looking to treat it as support right doing that pretty cleanly. It's doing that very, very, very cleanly. I think you're more likely to see some continuation unless fundamental news comes out from russia, which you can see right here.

Check this out, russia invades ukraine. There's more news coming out in russia's military. A culture of brutality runs deep. Russia faces barrage of new sanctions after accusations uh, not a ton of new stuff.

Ukraine's president zolensky accuses russian forces of genocide. I mean it's tragic stuff. It's very sad and uh. It continues on and until there is a conclusion to this battle, i think neutrality is pretty fair.

I think neutrality. This is what i would view to be sort of the slowdown phase of the market uh. I stated that i don't think you're going to see as fast of growth in the the large portion of the market, not small, mid caps. I do still believe uh very strongly by the way that small, mid caps are gon na, have a much stronger move over the next three months than the spy is going to uh, but i think the spy is in a slow down face right.

Spy today was up 0.86 percent uh iwm today was up point one six percent off of a really nice recovery. By the way i don't have to cover uh iwm had to come off a really harsh sell-off at the open, unlike the spy uh. So that's that's. Actually, a pretty good sign of strength i favor that chart set up over over the spy.

To be honest, i don't like that. There wasn't any retracement on the way that the spy moved, but nonetheless, bold, bear case scenario, and i am going to give you uh sort of what i would play, which is actually going to be the spy again, because we're we're coming up to some critical levels. Once again, very similar to the last time, we used the spy as a play of the day, uh bull and bear case scenario. Let's just throw these in together right.

Let's tie these in together. We're not gon na go over play if they review, because we didn't have one. I didn't make one yesterday f's in the comments section, because i'm a failure, i didn't do it. I apologize but we're back baby we're giving you another one right now.

So tomorrow's play of the day and spies levels, uh sort of nuked together what you're going to notice is uh. The bullet bear case scenario: i'm going to lay the software in case you're new here in case you'd like to know uh. I give you call and put scenarios cnp if this, then that my personal philosophy is uh. I follow four generalized rules, which is an entry plan, a stop-loss plan runners, which is taking profits along the way and then exit meaning a full exit of your position.

I'll go over those as we continue on pull case scenario for the spy. I think a bold case scenario for the spy. You can see a pretty key momentum level, uh and box right here, which is between 456 dollars and 40 cents up to about 450 60.. What i personally would like to see for a bold case scenario.

This is how i take an entry on a call is, if you got it bounce off of, i want to see a bounce off 457 38. A rejection to come back down and re-test retests are always huge. Retests signify that you're transferring from resistance to support on anything and a bounce as support is even stronger than just a clean breakout. I would take an entry on a call off of this bounce of 450 640.

If that were to be the case, that is one call entry coming into tomorrow, in which case i think you could see a breakover 457-38 or so and come up to by the way, a pretty huge level at 460 dollars and 42 cents. Before that, i think you're gon na see a little bit of chop around here. This seems like a pretty key momentum level, which is at about uh 458.80. So, if you're watching for that, i think you can see a little bit of this sideways action and, as always, if you see chop chop, is bad right.

We don't we don't like chop as traders. If you do want to take a position on that. Chop typically means exit movement equals good. You make money on the movement.

You make money on that, but you don't make money on shop. You lose money on chat because, if you think about it, theta, which is time decay, it's one of the greeks which explains to you how you lose value in your contracts, you are only losing if a stock is trading like this sideways, you don't win there. Only market makers do they're collecting your premium on theta, uh and you're losing value on your contract. So if it chops around any of these key levels on a call, for example, 457.48 - maybe four, fifty eight eighty - maybe it's the box, the the supply box up here right, which is four sixty thirty up to four sixty seventy five uh taking profits.

You can walk away, i mean you're, looking pretty good. My personal stop-loss on this is gon na, be ten to fifteen percent. As always uh i would take runners every quarter. 25.

50. 70. I'd look for a full exit off of base key levels now good question and by the way i've seen this in the comments section, some people have said well what happens if the max that i'm up right, i see chop starting to happen, but i'm only up 30, forget the rest of your runners right. Take your profit, take your full position off the table or you take.

You take profits on your runners at 30 and as it's coming down to 20 you're gon na exit the rest of your position. That's the way that i would personally view it taking chunks off the table at a time because sure you could have made more, but you could have also maybe made less and that protects you from giving back profits that you've already made. So that's the the cost scenario put scenario to me is very simple. I would look to see some form of a gap down into tomorrow, in which case you come back up and you are testing out this key box right here.

I think this box is critical. I'm gon na level this out. If you wan na, see the call stuff go back to the that portion of the video i'd like to see a breakdown of this support line to test it as resistance followed by a rejection. The re-tests are always huge and we should bring it down about 450 403.

I personally find the call scenario to be more likely here. I think that you're going to see a continuation of trend uh, it seems pretty likely uh and if you do get this test of support now turn to resistance and rejection enter here. Same rules apply 10 to 15, stop loss for myself. Personally, i take runners every quarter: 25.

50. 75. Uh i'd look for a full exit on key levels, which is chop zones. Maybe here it chops around i'd exit.

Maybe here it chops around. I exit right very simple, stuff, you're, looking for breakdowns, followed by retests as a flip. If it's a support now acting as resistance, you want to see the rejection if it was resistance now acting as support. You want to take that uh that rejection as either a call a put depending on which way the price is currently moving.

So that's what i've got to say about that. I think this spy's set up pretty cleanly right now. It had pretty nice uh price action today, uh and i'm pretty satisfied with it. I think i think tomorrow, uh you're pretty likely to see some continuation, but i don't think it's gon na come without uh, some form of a retracement.

So you you're, looking for basically that you know breakovers, followed by uh, read tests entries on the retest if they get the follow-through. So that's what i've got to say about the spy. Those key levels - and the last thing i have to say, is i'm going to be live streaming on twitch uh until our slash place closes in case you're curious. What this is.

This is a a subreddit on reddit, where people are essentially just trying to claim their plot of land. That's going to be marked in history forever, the last time that our slash place had this was in 2017 and uh. You get to say you were there. Do you win anything for it? Do you make any money? Do you get this to get that? No, but you get to say that you were there, you get to say hey.

You know five years from now, if i want to look back on this, my picture, which is uh here, something that i worked on with a whole bunch of people, which is maybe curious, george and uh, you know amc whatever, whatever uh it was marked in history, Dnf whatever well, i'm gon na fix that when i get on but anyways, that's what i've got for this video guys i'll catch you on the next one appreciate you much love light taps as always, and peace.