Yesterday i was attending a space call that was hosted by a friend of mine. Many of you know him uh. His name is jay brown. Jay brown has been a part of uh, the retail investor movement community, the amc community for uh a long time going on about a year and has actually made an appearance on the jon stewart show uh.

This is phenomenal right, it's a really cool opportunity and he he preached the lord's word in case. You don't know who jon stewart is. I can show you guys a quick snippet of uh just a little bit about what he's talked about, but this space call was. Was really important because it gave an opportunity to really think about and hear some interesting perspectives, and i want to be able to pass that today as we look at uh what happened in the market so uh before we start with that guys.

What is up, welcome to trades trades reefer can talk fast, doesn't come close, i'm going to probably say that i'm not a firefighter expert, so they're going to say the green assault. Uh, let's get into it. I want to show you guys a little bit of what he's done, see the passion, the fire behind him as it is matt. Does it all solid? We all want to have these conversations, but the thing about it is is that we need to have answers to certain things.

I need to know why, in january, when this was running up, the buy button was taken away in the midst of a run-up. That's never happened and because the shell button's still working yeah, the the regular people like me who finally have a chance, the waitress, the meter mate, whoever the janitor tell me that answer, and then we can have the larger conversation, because right now, that's all we see Is that every time we get ready to get ahead, you take it from us and then once you take it from us, we're supposed to just take your word for it and accept it. I've learned fundamentals: i've learned price discovery. We can preach fundamentals all day.

Knowledge is wonderful, but a wharton business degree and a life living they collide in this movement. People are learning where their money is going. You've spent all day cooking. At thanksgiving dinner, you mean to tell me you want to watch everybody eat.

No damn that i want to eat two you're telling me you cook a thanksgiving dinner and you don't want me to eat. No, i want to eat two. This is coming from jay brown and he's a very well articulated guy and really the takeaway here is. Retail.

Investors are frustrated because it seems like every opportunity we get to take a step forward. We take two steps back uh. You can look back at the buy button. That's an example.

The buy button was taken away, not the sell button back in january of 2021.. You look at a couple other examples, stimulus checks, stimulus checks were handed out to every american that that basically had two nipples and a genital uh between their legs and guess. What? Now that you got that money? Well, they're gon na raise rates to take back the money that they gave you to take care of the money that they printed, which, by the way more went to banks. You could shaft it there.

It made the entire stock market. Look like a big freaking penny stock pump and dump, as you witnessed uh over the previous couple of months, the fed screaming what the heck, what the heck everything's crashing everything's crashing as the market, continues to make its move down. The reason i want to talk about this is because, in yesterday's space call we said we kind of talked about what it means right now to be a retail investor. This happened about 11 o'clock at night.

I had just finished up on uh twitch. If you guys seen that you know you don't know that i'm on there twitch.tv anti-juicer, it's also description box down below we stream every single day, i'm going to be on there about six o'clock p.m. Central standard time today, so uh feel free to hop on on uh. But right after i hopped off stream, i hopped in there and we discussed what that meant to people uh and truly.

What it comes down to uh and where we are in this present moment is education, is teaching people more and more and more as months past and months past and months past. As uh, there were two profound things that i found uh interesting that were discussed uh. One of them, jay brown, had said and every opportunity that the little guy has had to overthrow the big man, the fat cat, the hedge, the the guy at the top right uh. What you'll find, historically speaking, is is quite simple, so that people were not prepared.

Uh you get put in a situation and it's tough to be organized and have a plan when you don't really understand the game, and the difference now is that we are prepared. We are continuing to learn and to evolve uh as things progress and as time passes and the the movement has sort of evolved into uh what it is presently today now some people say - and i would i would actually agree with this - there are lots of things That i miss uh from back a year ago. Some would say that it's it's cluttered and that and that people really don't have focus anymore on the grander picture uh, because people have started to touch other stocks uh. And while i disagree with the other stocks portion, i think people are free to to do whatever they please and i would never force anybody to do anything.

I would never it's up to you at the end of the day, uh. What what i do miss is is sort of the the happiness that uh that came despite a green or a red day, uh back during those times now, things are always going to evolve and things are always going to change. But tmi had said something that i found quite interesting and he said this. He said over the last year and a half uh people have gotten like a four year, undergraduation uh degree crash course, and obviously this is just sort of an analogy, because it would take you about 6480 hours to uh to get a degree a four year degree To six thousand four hundred eighty hours of class time, uh class time is studying to get your degree, which is 120 to 140 semester hours.

I took the 15 semester, uh credit hours and 120 140 semester hours averaging 45 hours uh for a work week. This is based on, if you take 16 weeks out of the year uh, but despite that the fact still remains the same. So much teaching and so much education has taken place that you can have a conversation with somebody who got an undergraduate in finance who grandly understands uh the derivatives market and the stock market and the way that charting works and the way the economy works and have A very level-headed conversation with them, but that does not mean that uh, we know everything yeah. That does not mean that things are perfect, and that brings me kind of to this point.

Uh. This tweet came out today right. This is joshua. He's a friend of mine, uh, lucid trades on twitter, and i know that some people - uh uh, don't don't care for him.

You know because he kind of just shoots it straight. He says what he thinks. Is he always right? No, but i'd say a shooting average. Is one of the best, if not the best, that i've seen on twitter - and he said this - i didn't see one amc person call it double top and clear rejection and kept calling for a rip kind of sad.

And what he's referring to here is the intraday move that it popped off of uh off of amc. Now i can't claim that i called this because uh we went over this during my one hour of charting that we do on twitch uh, so the 200 people that were there uh hey. You could say that we called this but uh for everybody on youtube. You know i understand where you're coming from, but what we have to look at here very simply put.

Is this check this out on the one minute candles? What you see here is a double top uh. This is coming off of a really nice breakout. If you look at this on, the hourly amc had a falling wedge breakout. This is one of uh amy's favorite things uh to move off of is falling.

Wedges uh, like you, would not believe amy loves. Uh loves a good falling wedge. You can see here a tap tap, tap, tap, tap, break of that tap right and a very clean move off of that overall breakout right, it's very, very, quite simple! Uh! You got a false breakdown if you look over here false breakdown of this wedge at about this level, but then it you know it recovers and moves into what appears to be a pretty clean breakout yesterday. Well, people kind of expected this to move and uh.

While that was the case on the very short term, you did see that they moved to the upside. My point, being quite simple, is uh. We have learned very, very much. We've learned a lot over the last year and a half uh, but but something that we we cannot deny and something that we have to embrace.

As fact is that technical analysis is a tool that can tell you and give you signals on when, when things are going a certain direction, so you can uh best watch out for these sort of things and also you know. I think this is a fair statement to make joshua is a traitor right he's not he's not an investor uh, so this is more directed towards those who maybe were playing call options. Maybe playing uh puts right whatever it may be, uh versus there's a lot of people out there who just buy and hold, and you don't really care about the chart and that this situation man get out of my video stop watching. But i stopped you just keep doing you man, you know exactly what you're doing uh, but but he does have a point.

Josh does have a point here when he says not, one person called the double top. He was actually wrong when he said that there was one guy uh, but he actually retweeted him colin uh retweeted colin on this, despite all that right uh. These are things that i think that uh we we have to keep striving forwards uh in terms of greatness. We we, as retail investors, have to strive for learning the most that we possibly can uh to keep getting better every single day and to improve the lives of other retail investors in the community to keep getting better every single day and, ultimately, to attract more people.

To the community, and how do you do that right, you want to you, want an attractive community with very intelligent people that have open arms and are very welcoming and uh and bring us towards a greater overall vision, and we continue to work towards that. We've got great people like uh, like jay brown, who hosted that space call. Last night, we've got guys like uh, like rico and david moriano, and probably the one of the coolest most crazy badasses on planet earth. This cat, striker cat, striker doing crazy things and people continue to get smarter and we can't lose sight of that because the ultimate weapon that we have, that let's have a seat at the table, uh to get get that that scoop of chicken and mashed potatoes and Stuffing and gravy in our mouth is education education's, like uh like the spoon of the knife, maybe the fork in the knife.

If you're eating turkey with a spoon, there might be something wrong with you, but my point still stands uh. That education allows you to have that seat at the table and you got ta take it for yourself uh. You have to make that call, and you have to make that uh that movement forward, because nobody else is gon na. Do it for us right, and i think, that's really important to to double down on that's why i want to bring this up right.

Double top does not if you don't agree with me. That's okay! If you don't think ta matters, that's okay, uh, but it does. There's just no denying that there's there's absolutely no denying that amc does trade in a technical way uh and it double top. Today, right uh, you got that rejection and it has moved back down, and this comes back to what i've talked about many times, which is during spy weakness.

Uh everything has weakness. You can see it right, spy sold off and we went over this yesterday on twitch. As well, like i mentioned before, we do one hour of charting every single day when i start streaming uh. We talked about this two scenarios.

What i saw was this is going to be a rejection off of this falling line, in which case i think it's going to tap the the greater scheme, falling line, falling line and attack them both right, tap, tap both moves down right, the entire time. This thing was knifing it it looked. This is like a systematic sell-off. I mean this couldn't have been a a cleaner knife.

Uh really really just a disgusting sell-off that we saw today uh, but but the entire time that happened. What you'll notice is it just invoked? Weakness in amc not as much as other stocks i'll have you know right. It's only down one percent, the spy was down four. I think that's important to think about.

I really do. I think it's important just take a step back and realize that an index fund was down four times more than amy today uh, but that's really what you're! Looking at that's the answer here right we have to. We have to remember the the grand economic scheme where we are right now. We still do have a break of this falling wedge, so there is potential for another move, but looking on this uh on the one hour, what you have here is a bull trap.

You know it's a pretty classic bull trap. What you see is uh uh, a breakout, followed by a false breakout of that level. This representing right here, uh sort of the the false breakout. That's the bull trap itself right there and then a pullback right uh could continue to move.

I think, in order to see that, if you're waiting on a spy rally - but this isn't even the main part of what i want to talk about today - uh i'll close it off with this i've done what i think to be sort of my fair share of Of sharing the knowledge and if there's more things that you guys want to learn about, feel free to, let me know in the comment section i'd be glad to do the research i love learning. I love sharing what i know uh and i i honestly just love the community. I want to see people continue to grow and get smarter and uh be able to make money, while you're waiting and uh teach other people, because there's nothing more gratifying than when you learn something from somebody. And then you pass it on to somebody.

You can see them getting smarter, that's incredibly rewarding it really really is i've got a video on on charting i've got a video on options. If neither of those things interests you that's. Okay, right! You go through your own thing. I'm not here to stress you out.

One way or the other, but worth a thought, i appreciate all you guys uh. It's always a pleasure to be able to show up every single day and uh and talk with you and learn and uh i'll be seeing you guys all later. I appreciate you tuning in until the next one, much lovely taps, as always, and peace.