Guys this is probably weird to say, because today was a red day down 2.46 percent, but i'm actually super freaking jacked about the way that this worked out guys what's up, what's up, what's up youtube, it's your boy trey back again for another freaking video, like your Brother's by saying they're, not a fun surprise, not financial advice. Please take what i say at the grain of salt: let's get into the video, so today we actually have a lot to discuss. There's a lot of stuff to go over here, uh and first and foremost, is obviously going to be a girl. Amy amy had herself a red day down 2.46, but the importance of today actually stems from the way that it reacted to the red day.

So i'm going to be talking about that uh in depth. This is sort of the agenda that i've got laid out for the day in order we're gon na start off here with amc, i'm gon na go over the calls, because i think it is important that we keep uh a touch based on that. The levels that we're currently looking at the bounce i want to talk about, and that's when i move into the spy, the spy is a a big, big, big factor. This is actually gon na, be a large portion of what i talked about today so buckle in for a long video, because there's a huge level uh that the the s p 500 is attempting to break right now.

And if you see this thing break going into tomorrow, there's gon na be some pretty naughty price action and that's not just for blue chip stocks. That's going to contribute to amc, i believe gamestop and a large list of other small mid cap companies. Probably specifically, the weed stocks pitch like a cat, anyways uh, we're gon na go over that and then the uncertainties that are currently existing uh in the market, which is gon na contribute to the small mid cap theory. Then we're gon na touch on bbig.

I did say that i was gon na touch on that here today. Actually yesterday and i didn't do it because i was, i was white man, i was so tired. I got ta be honest, the emotional drain of just how much has been going on it's wild and then i'm gon na talk about something that i'm actually gon na be starting to do here. I'm gon na talk about this in pretty decent detail.

Once we get into it, which is daily setups, i'm gon na be talking about calls puts uh daily, plays that you can make on the side. If you are interested in doing that, uh just based on what i think looks pretty decent i'll. Give you some more details here in a bit and then what i'm probably the most excited for is this number five i've got an announcement that i'm gon na be giving out uh sometime between friday and sunday, and that's probably about as much as i have to Say about that, but i've been working on that for about a month now, uh, that's gon na be pretty cool. So let's start off here with amc right.

The calls i talked about this in yesterday's video. This is really important. The 18 of the 20 strikes there's a lot of current open interest that we'd like to see run in the money and what i'm excited about today. Is you see this flush right at the open and by the way, uh we've been fighting tooth and nail tooth and nail over the last two three days to get each round dollar and you basically just flushed it right here from 2040, all the way down to 1880, in a matter of an hour uh.

Well, i thought that works. Huh wild house sellers can gain control so quick, but what i'm excited about is the buying strength back up. Okay, i was i'm not gon na lie to you. I was a little sweaty.

I was a little sweaty looking at this uh this retracement, because it happened so quickly and it didn't look like there was gon na, be any buying pressure to push this thing back up. The good news is that you did get it. If you look at this on a four-hour candle, uh pattern even an hour, the hour is going to do you plenty good, you can see how solid this is. I mean this is actually set up really really nicely and people who have been oh geez, who have been here for a while know exactly what kind of pattern this is.

This is a big fat nasty disgusting, filthy george, w set up within what appears to be sort of a micro uh bowl flight. This is this is pretty picture perfect. I mean you can't really complain about how this is looking right now, that 2040 level sort of being the the pivot point, i think you crack over 24 you're gon na see some pretty decent moves. However, the big thing is the response in strength.

Today, that's actually huge and getting a continuation of a gamma ramp heading into next week. I i think this is a big deal. I think it really is, despite it being a red day, and i think the red day uh in part had to do with sort of the way that the spy moves write it open. It did have a nice green day as things progressed.

However, uh you can see that that big flush and the gain back of strength is actually pretty critical. So i want to highlight that i can't understate how important that bounce is, because, if it didn't bounce here, you would have very likely seen this fall all the way back down to 16 17, and we would have been right back where we started right also had Pretty low volume on the day, uh a total of about 68 million, which is good on a red day to see lower volume. That indicates that people who were buying as this was running up are actually holding on to their stock uh, and it means that you're likely to see this have some sort of a move. This is actually pretty similar in theory to uh.

Some moves that you saw before the decent size runs that we've had. You look back here a couple of rest day candles. That's what i'd considered today a rest day at consolidation day. You have some rest day candles here, uh before decent size moves up.

I would i would anticipate this is pretty similar. To that exact thing. Does that mean we're going to see us run up to 80 bucks 90. 100 bucks in the next week? Two weeks i mean i don't know, i do think you're setting up really nicely and i don't think the volume pumping is a coincidence, but we got to take it a date at a time and as as things, keep moving i'll keep you guys updated, but uh That bounce was huge, and you guys should be very happy about that so going into tomorrow, uh.

What you're watching for in my opinion, imo is at 2040 level crack over 2040 very quickly, you're gon na see this thing move back up to that. Uh. 22. 23 range and from there, if it cracks 27 of 30, is really the next spot that i'm watching.

I mean it's between sort of the bottom of this candle 27 bucks. It's about the top of here, which is about 30. and that's that'd, be a pretty quick acceleration, so uh jack, nipples babies, it's a good day - that's good stuff to see. But what gets me more excited more excited than that, and this is where i see the true potential is the setup on the spy right now now check this out.

The spy is flat, topped out right now. The cup and handle upside level of support. Breaking out of this is the weirdest thing ever i mean this is this is really typical to see a rising wedge go bullish, that's probably the one out of 10 times. You see that happen, but nonetheless uh it's riding on upside support, coming into this flat top right here, two different scenarios, one, the second test of the the 450 level on the spy, is gon na end up being a rejection, in which case you'll probably see it Fall back down into this wedge that it's sort of forming up uh on this flat top, could it be 446 or so right? That's the bearish scenario, the best case scenario and the one that i i'm actually really hopeful for.

If this happens, you guys are gon na be really happy with the price action tomorrow. You can see this thing very quickly. Move the spy up to 460. now trey trey.

Why do i care? I? Don't i don't touch the spy, i'm not investing in this buy. I don't trade calls, i don't trade puts on the spy, whatever that's fine, you don't have to. You want to know why the spy reflects the entire market, and, if this, if the spy which reflects the entire market is ripping, what do you think shorts feel inclined to do in small mid cap companies? This is exactly what i wanted to see coming into the next month and two months behind my small mid cap theory, which is that you're gon na see a lot of shorts, covered positions and small mid cap companies, including amc, including gamestop, as the spy recovers. The shift from uncertainty to certainty - and you are watching that happen right now.

The fear is slowly leaving the market. You do get little little slaps right here, yeah boy, but those are those are few and far between right. This is the true recovery and a pop on the spy from 450 up to 460. I can guarantee you is going to move small mid cap companies now as amc gamestop gon na be the leaders in that.

In that specific day, who knows? I mean at the end of the day we got to take it for what it is. I can't guess, percentages and dollars to the t, but it's going to make an impact, and this is this - is a beautiful, beautiful setup that really could move uh. Our girl amy in a positive way, which brings me over to the uncertainties and certainties of the market. There really hasn't been much change.

If anything, i would say, you're still kind of clicking along on the rate hikes right. The rate hike fears are starting to dimmer as uh as time passes on, and i think really the only thing that you should be watching for you should be fearful of. If anything is that 50 point hike right, not much. In my opinion, imo has changed uh.

I think you'd see an initial price in. I think you'd see some initial fear if there's a 50-point hike announced. I did talk about this uh, but i i don't really consider this to be anything of concern. We do know that the fed right now is hawkish, meaning that they're going to be aggressive with trying to combat inflation, they're going to be aggressive with with interest rate hikes uh and it seems pretty uh pretty premature.

I don't think they're gon na do this yet uh. I think you're gon na continue to see the market recover, so i'm pretty satisfied with the way that that's moving right now, the small mid theory to me. I still stand by. I think at this point.

It's been about a week since i've touched on it, which will be about three weeks to a month and three quarters uh. I think you're gon na watch small mids - really move very nicely in that period of time. So uh keep your eye on that. But if you've got one eye like me, keep your one eye on that you got ta both use them.

You know. Thirdly, bbig i haven't touched on this a little bit. I do want to give you guys an update on what's happening. I laid out some levels to be watching for right: i'd call them demand, zones, uh and supply zones.

This is the supply zone. This is a gap, phil slash demand zone and what you can basically see here on bbig is it's just been channel trading back and forth, and every time it's tapped, this box, it's rejected back down. The good news is, there's a lot of strength in this because it hasn't come to try and test that gap fill spot yet so i i feel pretty decently uh confident that it's gon na give this a fair shake. Unless - and this is the bear case scenario - i want to give you both unless this was the fair shake and it's just gon na say well, we tried to break above that supply zone.

Now we got to come back down to some lower lows until we feel comfortable coming back up to those uh, those those mid threes or so. What gives me some confidence in saying, hey? You might actually see this break here in the next day or two. Is that it's hugging right beneath right beneath that supplies on the red box, which is just an area in which you'd expect price to reject, based on the way that algorithms buy and sell stock? It's hugging it that's a really good sign the strength. This higher low set up higher low higher low higher low is a good sign of continuation and strength, and i would honestly say it's sort of just a consolidation in the patience of the bulls.

Volume is sticking around as well uh, and if you get this breakthrough with a nice bar of volume, i would stand by the exact levels that i kind of pointed out before. I think those mid threes to four four dollar level is gon na, be what you're watching for crack over four dollars. You can very quickly see this uh gap fill up first to four sixty ish or so, and then that could bring you up to the mid fives and that's a that's. A pretty dang decent day.

That'll put your hair on your chest. If you're uh, if you're a guy, if you're a girl, maybe you don't want hair in your chest and you just got ta shave it. I don't know what to tell you but uh. I think this is still set up pretty nicely.

So i'm satisfied with that. The next thing that i'd like to discuss and uh - i'm not gon na - spend too much time on it outside of the thought process behind my theory here is every day that i think there's a decent play on the table to to take a stab at uh. I'm gon na introduce that, at the end of my videos, which is basically gon na be outlined as such, i'm gon na give you a scenario for a ticker, a single ticker, in which i would take calls personally, i'm not telling you to buy. I'm not telling you to sell and that i would take, puts uh.

Basically, what i'm gon na do is say if this, then that for both of these right, if this, then that uh, where i would take calls and puts on a specific stock, i'm also going to tell you, which way, i'm personally leaning and for the ticker that I'm about to talk about uh, which is paypal, i'm actually leaning, calls based on a crossover and based on sort of a setup that you are watching take place right now, so you guys can look forward to that coming into future videos, if you're not interested, you Can click off that's totally cool, but i think it's an opportunity to be able to teach technical analysis through uh sort of live feedback. You're gon na be able to watch the markets. Uh react to specific levels and zones outside of amc. You know so the ticker that i'm actually gon na be talking about here today is paypal.

Now why paypal? Well, i have an announcement that i'm gon na be giving you guys in the next one to three days or so. That's going to give you sort of an inclination as to why i've decided on paypal, but i think there's some pretty decent opportunity here for a call. Now you could play this both ways right if worst case scenario comes just because something's set up bullish, just because there's a crossover just because something's looking nice doesn't mean it's not going to take the worst case scenario. So we're going to prepare you for both.

What i am seeing here is very simple. You can see an upside level of support and what you're doing here is connecting dots right, there's a dot right here that right here, dot right here and you see a downside level of resistance, connecting dots check this out, dot, dot, dot, dot dot. Every time it's tapped on either of these lines, you've gotten a rejection, so there's a couple different ways that you can play this if you want to channel trade this, if you want to take this basically based on bounces on each of these significant levels, the resistance And the support uh, you can trade it that way. You can trade it.

Let's just say that it rejects right here on the resistance. You could take a put all the way down to the call zone, which would basically be the top of this ascending level of support. You can exit the way that i think this is more inclined to move. However, uh is a breakout now, where i would personally be taking a call uh heading into tomorrow.

There's two scenarios that i can kind of see: uh panning out. One of them is that paypal has a gap up. I think that paypal would have a gap up if the spy gaps up. I think that's a decently likely scenario.

I've seen this happen with the spy before, where there's a flat top breakout point. It gaps up above that and then just rockets to the moon. If you see a gap up on the spy, i think that's worth uh getting a dip by for a call, as i would expect continued momentum throughout the day. The second scenario is that it doesn't gap up and if it does not gap up paypal uh.

I would take an entry on a break, a clean break of that downside level of resistance, break of uh resistance, and i don't have a lot of lines drawn up and that's for a reason. I think you can keep this extremely simple and just look at the charts and be patient and take the setup when it comes uh and play that, as is in terms of uh, where i would be looking to enter. I just mentioned this: if it gaps up, i would look to buy on some form of a dip out of that gap up. It would probably look something like this.

You see it gap up, moves out, uh, let's just say it open and get like a 5-10 minute flush. I'd be looking to buy a dip uh on that based on perhaps a demand zone. Well, if it you know, gaps up and it's looking for a demand zone. This looks pretty promising.

I'd. Imagine uh, you could see a demand zone here. I'd imagine you can see a demand zone here. There's a couple different ways that you can look at it in demand zone.

I do have a video on that. If you'd like to check that out which could help you uh a decent chunk, it's called stock market hack. You can just look up stock market hack, tray, it's gon na pop up. You watch this video and it's gon na walk you through that pretty crystal clear, but the more likely to me is uh that it's just gon na break and if it does break out of this uh, this downside level of resistance.

I would just take an entry on the break. That's it's that simple: keep it tight stock, uh, 10, 15, 20, whatever you're comfortable with and take a re-entry uh for a call. If the opportunity presents itself and if it doesn't that's the risk associated, you know uh, but this is a pretty clean setup. I think that people are going to be able to make money on paypal and, if you want to give it a shot, feel free to do so.

I think the opportunity's there uh - and i wish you the best, genuinely last thing that i've got and then we'll send you on your way. I know this is a long video. I just had a lot to discuss. I've got an announcement coming sometime uh between tomorrow and sunday, and this is a project.

Actually, i've been working on for quite some time, uh with my guys, we've dumped a lot of hours into it. We've dumped a couple thousand dollars into it, uh to provide you guys with something for absolutely free that i think you guys are gon na dig quite a lot. I'm actually pretty happy about this. We back tested it uh, it looks pretty filthy man so expect some form of an announcement coming uh in the next couple days.

We'll i'll walk you through sort of what it is and uh yeah. I suppose that's about it, so boys, girls, apes, if there's any takeaway for the day uh, we had ourselves a a beautiful day, believe it or not. You know. I know that amc was down on the day.

It was down two and a half percent. The bounce off of that flush at the open is the best case scenario outside of going from red to green. This is, this is a really really good sign of strength, uh and continuation potential for the bulls here for the apes here, as things keep moving, you guys have been patient. You guys have been waiting very patiently.

We've been waiting very patiently for a long time. For this to happen for this, for this potential setup and tomorrow, we're not guaranteed while we're not guaranteed to see this be a monstrous move in the next week or two weeks, it's setting up with the potential to have it right so expect the worst hope for The best, let's hope, to see a good green spy day tomorrow, because that is going to influence the way that amc trades. It's going to influence the way the algorithms buy and sell things, and i think everyone's gon na walk away. Uh pretty happy on the weekend and that's what i've got for this video so guys.

I hope you all had a good one. I i actually don't work tomorrow. So we'll see what we got going on, uh i'll, stop out and uh. You know i'll probably be pretty active, so i'll catch you all later, much love lights, apps and peace.