 Welcome to Access to Trader, the number one community for those who are committed to taking control of their trading in order to achieve success, profitability, and longevity. Thank you for joining us. Here's Dan Shapiro to help you find your edge, master your process, and own your future. Hey guys, good evening everybody. Welcome to another edition of theaccentrator.com. Nightly wrap up show. Hope everybody is doing well. Obviously, the big story today was the Fed. If you are brand new to the channel, guys, welcome aboard. Thank you very much for spending a few minutes with us. Like, comment, share, whatever the hell you want to do. We want to be a part of your daily routine. And if you like unbiased market commentary, this is the place for you. So let's talk about it. Obviously, as you can imagine, the first part of the day was very, very slow today. The Fed was on deck followed by Jerome Powell's Q&A. The consensus was that we were going to hold a rate study. Now, they came out with the news. Rates were steady and on the surface, right? On the surface, it's not a bad thing because, again, what's basically telling us is that the fact that they didn't raise rates this time around basically meant, well, they were comfortable. Maybe inflation is starting to get under control. And then it started speaking. And that's the whole point why there's the initial headline and then there is the Q&A. And Powell basically left it on the table that there is potential additional hikes down the road. Obviously, the market did not like that news. As you can see here by the reaction after Powell stopped speaking, the market slid 1.5% down. And if you watched the video last night, we talked about the bottom of the range here, the 6680 level. That was now the line in the sand for yesterday. Obviously, that broke down. And now we are really, really aggressively below the 50-day moving average that couldn't reclaim back on even good news this morning. The market had at one point a nice little spike into those comments, into that 371-70s level. But it caught shy of that 372 level we discussed last night, which is the 50-day moving average. Confirmed yesterday's level was 366-80s and went all the way down here to this linear regression line into the 364 level. The key is for tomorrow. Again, because you can see all this little airspace down below. The key for tomorrow for the NASDAQ 100 is stay above 364. Okay, that's the key. If the NASDAQ went on here again, it won't mean it's a bullish thing. It just means that's a necessary area. You can see here by this linear regression line here, every single time it stopped at this channel here, it bounced. So we're at this channel here again. The question is, can the bulls hold? So it's a very, very open question. It's not really a yes or no. It's a rhetorical question. But if you look at today's setups, I'll give you, I'll share some setups with you guys for tomorrow. You'll notice there's a lot of stocks that cracked. And if they didn't crack, they're about to crack. And if they didn't about to crack, they're about to take out the previous week's lows, which is no good. So it's a very, very important day tomorrow for the bears. Again, like I said, even two, three, four videos in the last couple of days, it's not that I'm sell bias. We're getting there. Well, it's not that I'm sell bias. But again, as we said in the last three, four videos, how can you be bullish with the Nasdaq 100 continuously building underneath the 50-day moving average and stocks continuously sitting on the bottom of the range? Again, we'll get to some pivots in a second. But it's very, very, very, very interesting to kind of see kind of the big disconnect we've been seeing now all week. We've been talking about that all week. Some tech stocks are strong, some tech stocks are weak. And then when you look at the final tally today, again, an ugly close, one and a half percent down for the Nasdaq 100. You look at the SPX, we'll use SPY here as a proxy. Same levels. We talked about all these levels here in the last couple of days. Same levels here. Spies look like kind of a moonshot here. Well, not a moonshot. I got kind of a swan dive. Portraits of words. Kind of a swan dive here. Potential magnet all the way down to the 431 level. And when you look at a lot of the setups here, there's some really aggressive, good-looking setups that I want to share with you guys for tomorrow. Let me talk about the pivots first and then we'll get to some pivots for tomorrow. As you can imagine, the beginning of the day, the market did nothing. The market did absolutely nothing. At one point, I believe the squat box said the Nasdaq 100 volume was running 22 percent lower today than it did even though the last couple of weeks were lower. It was 30 days, I believe. So nothing was going on. Slowly, but surely, meta woke up this morning. We'll get to meta in a second. But the violence came towards the end of the day. As you'll see here, several really aggressive moves to the downside. And again, that will segue into some pivots that I really like for tomorrow. So here was Tesla. So in the middle of the day, Tesla came out with some news where actually Elon Musk started talking about Starlink that really set the stock going higher. What was odd about the move going higher on Tesla for that 271.50 break, right? You'll notice there was a lot of call buying coming in. 280s, 280 weeklys, 285 weeklys, 290s, 300s, 325s for October. So you started seeing yourself, wow, Tesla's going to really explode. And Tesla had a nice move, right? It took out this 271.50 level. It went to 274. It was a nice move. There was nothing wrong with the move. And then the market completely fell out of bed. Everything back gave back the 5D moving average. And now we're looking at the bottom of the range, right? Which is so amazing. I was telling the webinar, any close today above 271.50. I want to be low overnight. But now we are at the bottom of the range here, guys. This is how quickly things turn into market, especially on event days. And now we're facing this bottom range on Tesla for tomorrow. Again, remember, we're trading the ranges. We're not falling in love with the stock. We're falling in love with the ranges. It went really good. The rug got pulled in the bulls. And now I'm definitely, definitely watching ranges here to the bottom. But if you did catch Tesla, let's say, great job. 271.50s went all the way up to 274 before Jay Powell just started to pull everything. WWE, not a big move at all. 1220 needs to build. Went to like 1240. And obviously everything pulled in. Roblox didn't confirm. I like Roblox for tomorrow. Look at the setup for Roblox for tomorrow. If it can get below this bottom bolinger band, this thing can swan dive as well. Meta. Nice little pop here this morning. We talked about Meta last night on the video. 306.20 needs to build. Here was Meta. You can see this 306.20. I'll show you on the 60-minute chart. It took out this 306.20. Nice move. Went up a couple of bucks. And then obviously everything got rolled over towards the end of the day. AMAT, I still like this. Did not confirm. Guys, look at the setup on AMAT. Check out this. Look how tight this thing is. Look at the setup on AMAT. If this thing starts losing the bottom channel tomorrow, boy, this thing could get hit. NVIDIA. NVIDIA was definitely the big one in the afternoon. 430, if it builds below, can flush. So, NVIDIA got destroyed towards the end, right? It got absolutely destroyed. You can see it on the 60-minute view here. So, here is the 430.429 level finally kicked in here, guys. This thing is one day away from testing Monday's lows, right? You see that? If NVIDIA starts confirming Monday's lows, guys, we will go down all the way down to the August 14 lows potential, which is 403, and ultimately, this thing could get really, really violent if the market continues to pull a really, really big aggressive move on NVIDIA into the close. And in Carvada. When we talk about Carvada on the last night's video, well, Carvada finally confirmed today. It's held twice if it builds below, can flush, and look at Carvada. Carvada got absolutely smoked here. It lost a 46 area, which we talked about last night. We talked about the 9-8 lows, and yesterday's lows stopped exactly the same area. Today, it lost 46. It's trading pretty much traded close at the lows of the day, 43, and change. This thing does look lower as well. And NVCR, I forgot to short it on the close. NVCR, $18 earnings low if it closes below, can start its next leg down. I forgot to short it on the close, which sucks, but whatever. We'll watch it tomorrow. So this close, this is the lowest close of the earnings lows. It broke below 18 bucks. Not a big move yet, but I'm definitely watching it for tomorrow. A couple of swings that I've been holding for several days. Peloton continues to kind of, just drift. Again, I still think there's a shot at 442 next up, potentially 4. And CarGurus I shorted a couple of days ago. It's back to my entry. So it's literally back to my entry. Hopefully tomorrow loses the low from several days ago and finally starts the swan dive. But let me give you guys a couple of ideas for tomorrow that I really like. Nvidia definitely should be prime watch tomorrow. Absolutely prime watch tomorrow. If it loses, Monday's low. Again, there's a shot this thing goes all the way down to the August lows. Could be really, really good. Tesla we just talked about as well. Guys, look at AMD. AMD is very, very close to the bottom of the range here. I definitely want to keep an eye on this thing as well. Look at Google. Big, big reversal today. Google took down one, two, three, four, five, six, seven, eight, nine days, ten days worth of buying. That's not good. Just close below the 20-day moving average. This thing starts confirming today's chattels. This thing could get hit as well. And Tesla. Again, like I said a little earlier ago, Tesla, I am definitely watching now on the bottom of the range here because it stopped there twice in the last weeks. So again, guys, remember, it's not the stock that we're watching. It's not the stock that we care about. It's the ranges both long and short that's ready to confirm. So very aggressive sell-off here towards the end of the day. The Nasdaq 2100 continues to build below the 50-day moving average. Now it's day five. Now every level we talked about so far has confirmed. And now we're looking if we can start confirming today's channel, then we're looking at 62, 60, and 58, which would be the last straw for the bulls that potentially could break the camel's backs. That's it, guys. We are set up for tomorrow. I'm hoping we get a gap up open. The only reason why is because I'd like to have a chance to trade all these stocks at the pivots that we're watching for tomorrow. The last thing I want to see tomorrow is the video Gap Down 10. I don't have any. So I'd love to see a little bit of a gap up open tomorrow. The bulls to get potentially squashed into supply start taking down today's channels and hopefully we can get a big measure potential session for tomorrow. Just a reminder, guys, tomorrow is Thursday. Thursday is my normal evening off. So if you are joining us tomorrow in the live webinar, welcome aboard. Welcome aboard. Look forward to working with you. Other than that, guys, the video continues starts up again over the weekend. Have an awesome, awesome Thursday. Have an awesome, awesome Friday. And with God's help, I'll see you all there. Take care.