 Good morning everyone. This is Melissa Armo with the Stock Swoosh, and I'm reviewing the QQQs here today off yesterday So I didn't look at the market. It's good to take a day off. I didn't have a day off I still did work, but a good to take a day off from actual charts Someone emailed me something about volatility or uncertainty uncertainty. Someone said something about uncertainty. I Don't even remember who emailed me about it. It was a couple of days ago. I think it was over the weekend. I Don't see uncertainty here, but I see why people see the uncertainty here I do not but I can see why people are seeing that or Thinking that there is a level of uncertainty, but there isn't just because the market gaps down doesn't mean it's gonna collapse And just because the market has a red day doesn't mean it's gonna collapse And just because the market runs red for four days doesn't mean it's gonna collapse And I know somebody said something about the reason China whatever again I don't look at the reasons for things. It doesn't really matter I look at the price action as far as I'm concerned There's nothing here that shows any weakness or signifies any weakness in the market Even though we got down yesterday and even though we're running red today Which I warned everyone and told everyone and said I don't know if we hold immediately out of the gate today I said we could there's a small chance we could but we may just pull in first before we hold Do I think the market will recover today to the upside meaning flip from red to green? Probably not Probably not, but I do think the market ends up gapping neutral tomorrow morning or up And rallying tomorrow after I'm seeing the configuration here of this So time of the time of the year is July 28th Fridays the 31st 31 days in July Even put it past the realm of possibility and I'm not saying this happens I'm not saying I have a hundred percent conviction this happens this week But I'm saying I wouldn't even put it past the realm of the possibility for the market to make a new High before the end of the month Wednesday Thursday Friday, I know that's only three more days, but I'm telling you it very well could happen I'm not saying that it's definitely going to happen I'm not saying a hundred percent conviction that it's going to make a new high by the 31st But I'm saying I'm throwing it out there that it could we are still going to make a new high And if we don't do it by the end of this week, absolutely without a shot of a doubt We still will make another new high the market and continue to rally and it very well could happen in the middle of the summer in August I don't I don't see how it doesn't happen in August actually, but I'm throwing it out that it could happen yet This week Because once the buying comes into the market, it will be no stopping it. No stopping it So some of this I really think this is was selling here What day was this? This is Friday This was I really think this was selling people are a little bit concerned So I think this was selling that happened on Friday and then some follow-through of the selling a little bit here in the Gap from Monday So there was some selling in here from profit taking on Friday and then a little bit of the follow-through in here and Today you may have some people trying to short it But I don't think it goes anywhere because the buying is going to support it There's nothing that can support a chart in a bullish trend, which the market still is unless you have buying You must have buyers to support the price, which I believe is going to happen here today So even though we're going to close today red, which I think it's unlikely we flip today to go green There there will be buyers that support the price in here not continuing lower meaning not through this area. I Actually think this area here This area here is going to hold And we just are continuing to get stronger and stronger if you look at a bigger picture except for most people don't a lot Of traders live in a vacuum even long-term traders live in vacuums. That's so weird to me You know the stuff you hear in the news and on the internet. I mean long-term just I'm not even talking long-term I'm just talking to this year from last October when I call with the market would do this year until now Just looking at this clip right here from October to July I see just utter strength in this market despite the fact that someone would look at it and say we really haven't gone anywhere We really haven't gone anywhere and this really looks heavy. I don't see that. That's not what I see I say gosh, this is really showing So much strength So the move is still going to happen to the upside very large In fact, I just saw this now. You know what? I Just saw this now It's going to be when we make the next high The big move that I've been talking about is going to be when we make the next high is when we're going to get up to 120 ish, which was the way we have to get up over 120 to make the new high I just I just saw it here now the next time we do it whenever that is so it's probably not going to be this week Actually, it's probably not gonna be this week. It's probably gonna be in August The next time that we get up over that area I think we go over and really make a brand new all-time high in the QQQs. I just saw that now. So there you have it. I Haven't looked at this for a while here Did any market videos for a while? So jeez well, it could be August or September then I think the next time we do it It's probably gonna be August We're gonna just go we're gonna go and we're gonna go and we're gonna we could rally to rest to the entire year then Wow, well, that'll be a really exciting. It'll be really interesting to see if it plays out that way But I really think it does All right, this is Melissa with the stockswush.com if you're interested in more information on the next golden gap class It's this week on August 1st and 2nd email me at Melissa at the stockswush.com Have a good day