Yo, what's up guys, it's uh trey baby, we out here in fayetteville north carolina, sorry, i'm out of the computer uh just making a trip out to the crib for the weekend with uh me and man gon na hang out with some dudes uh. You guys got to see tmi but anyways. I want to take a second to make a video and uh talk about this week, because this week was huge, uh, really really big actually and the spy had a really nice move rallied for like three straight days. Massive massive moves and amc game stop all the memes sort of rallied with it uh, which is something i've talked about a lot so uh.

I want to discuss that because it's really important there's a couple different things that i think we have to pay attention to. One, if you look back to march 29th, uh back in a couple months back. What you're gon na find is that that was the peak of the amc rally to 34 and it was the peak of the spy rally uh both both times. That was the highest.

That it rallied before continuing on with that bearish trend that we had seen right what this tells us is one simple thing, and it's that there is a tie, there's a correlation between the spy and amc and really what that's supposed to tell you in the most Simple layman's terms possible is bear markets, sort of sink all ships and when the bear market ends, all ships will rise, and that's really important to note now. That brings me to point two, which is now that you've seen a taste of spy relief right. We got a couple days of spy bounce which then translated to gamestop having multiple 20 days. Amc had a 16 day today, a couple of nice, four, five percenters uh.

What i want you guys to remember is bear markets don't last forever and when it does end uh, i think you're gon na see a nice relief bounce and, furthermore, i think you're gon na get to watch a little bit of what you tasted today, which is Green nice, green, good energy, good vibes, good, good, good, freaking, eight mentality and uh noisy goddamn honda, civics, dude nah. That's because i have to chew his ass. That's right, but that's really the big thing! Yeah! I see a couple different scenarios i'll give you the two that i see looking at the chart that i've had mapped out just like some of my older videos, but uh one of them would be uh. The spy rejects at this 236 level right for a long time.

I've said that the spy is going to dip down to 382, which is about 380 bucks. It would come up to 236, which is about 4 18. and then there's two options here, either a it rejects, in which case i think you see it come back down to about 385 or b it breaks through and if it breaks through this 236. I think it will test at that point about 440 and 440 is the top of uh the downtrend channel, and if it breaks 440, you could actually witness the end of the quote-unquote bear market.

Now, if i'm being honest, i don't think that we've seen enough change to inflation, enough change to the economic problems that we're currently facing to justify the end of the bear market, but it is entirely possible. Sometimes the markets are logical. Uh i just read: charts chart, looks pretty good. The spy is really getting some relief, it does feel a little too euphoric.

I wouldn't expect the spy rally the way that it has forever uh. But if it does, you know it will follow right. Look back! Every single relief bounce every single bear market rally, the spy has had the memes have had some secret big mac sauce just pumped into the the veins of uh of these charts, so uh be watching. For that.

That's the two scenarios i see uh either a rejects off that two three six about 418 bucks for the spy. If it does, i think that's going to drag the memes a bit amc, gamestop, blackberry, uh, beyond et cetera, breaks that you're watching that 440 mark got a couple days more extended green. You got a real opportunity for uh for some momentum here. So, taking a date of time, i tweeted this out earlier, but right now we're you're walking through uh the jungle right and when you're in the jungle you got ta take things a day at a time these things change, quick! You don't want to forget your your uh, your rain boots, so uh, that's what i got it's a great day.

Dude be happy, be hype. It's a great way to go into a three-day weekend, uh more than anything man. Just remember. You got other people in your corner, go outside kind of cloudy human.

Oh, this is more humid than oklahoma. I tell you that jesus not used to this my shape, that's what i got for you guys go enjoy our weekend, spend time with family and friends. I appreciate you, as always, until the next one, much lovely taps peace.