 They're crossed right they're absolutely crossed and considering we're still underneath the 200-day moving average then and only then this becomes kind of a problem. Welcome to Access a 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 the AccessaTrader.com Nightly Wrap-Up Show. Hope everybody is doing well. Apologies, there was no video yesterday. Monster moves yesterday. Big breakouts all over the place. Tesla, this one, that one. My son had a last-minute training, basketball training session that we wanted to get him into, so I apologize no video yesterday, but let's talk about the tape. I mean, if you've been watching the market, participating in the market, whatever the case may be, for the last five, six days, you know how strong the market has been. It's almost felt like euphoric moves, especially yesterday, this ridiculous, ridiculous breakout on Tesla that had this majestic move, took out this whole range yesterday, closed at highs, had some comments from Elon Musk after the close was absolutely not phased. This morning exploded up another 30, 40 handles. I mean, just everything went absolutely nuts. And then when you look at exactly what happened, the market finally realized, oh wait a minute, we had this way too big of a run, and they finally hit some daily supply, as you can see here, this little tainted little line, but it hit some sort of supply and then finally got hit. And again, it doesn't really, it's too early to turn around and say, well, what was that at the top, right? Was that the euphoric top, the blow off top, or was this just a kind of a pregnant pause until we start reclaiming the 200-day moving average? It's too early to tell, right? It's definitely too early to tell, but if you look at everything that happened in the last, you know, five, six days, all of this as impressive it was, was still below the 200-day moving average. And that's kind of a big deal, right? If they reclaim the 200-day moving average, rested and continued on would be a clear sign that this previous low here was the bottom, was this kind of V, you know, V recovery, but we didn't get that, right? And again, like I said a couple of seconds ago, it's a little too early, too premature to tell, was this this kind of blow off top today on a lot of these names, or was this just a very well deserved rest? And that's kind of what we're not going to know until tomorrow's session, because again, as long as the bulls continue to kind of grind and protect and defend every dip into the five-day moving average, I think we're fine, right? I think the benefit of the down is definitely on the table. The problem starts to lie if we start closing below the 50-day moving average and the five-day moving average that right now, if you look at the chart, they're crossed, right? They're absolutely crossed and considering we're still underneath the 200-day moving average, then and only then this becomes kind of a problem if you bought stock anywhere in the last two, three days, right? But again, we don't want to speculate. We don't want to guess. The one thing that going into tomorrow's session, like I don't want to use the word sell buyers for tomorrow, because that's not kind of the narrative I want to run with this evening. But I don't think I'm buy-bys. I think that's the best way of saying. If I see something for tomorrow's session that kind of, you know, we had an alert set for, it's coming out of the bottom channel. For example, like a buy-do, right? Like a buy-do is probably one of the nicer names I see tomorrow for the upside, but the majority of names don't look this tight. The majority of names, well, look like this, right? Look like this, right? Look like this. Look like, you know, look like this, right? These majestic big monster moves that investors and traders did a great job for the last four or five days taking advantage of really big premium setups and going into tomorrow's session. Like I said, I think the bulls, at least from the initial synopsis, I think the bulls need a good solid rest. Now, does that mean the market is sell everything? We're back to sell by a small? No, I don't think we're there. Again, the narrative will definitely change if we close below the 50-day moving average, but going into tomorrow, you know, I think there's some opportunities that we could take advantage on the downside, right? I'd like to see what happens tomorrow early on that any first initial sell. Do the bulls defend it or do we get a 10 o'clock, 11 o'clock, 12 o'clock candle that's going to come and confirm those prices and we're going to start going lower? So it's not more of kind of a deemed sell by us tomorrow. I just don't think I'm going to buy anything tomorrow, right? Just because how overextended a lot of the names are. And if you believe in technical analysis, you can see here, we got stuffed twice right at the same supply zone on the Qs. And if you start looking at chart one after another, they kind of reflect the same thing. Tesla, right? Same thing, inverted hammer, you got Amazon, right? You got Amazon rejected off supply, just like the Qs did. Apple had a really great, I mean, really, really fantastic, what, six, seven-day run? Again, rejected off the top of supply, put it in inverted hammer. And you could see a lot of these names, right? Microsoft did exactly the same thing. And you look at square, right? You look at square, just basically, actually, I like square tomorrow on the downside. Now that I'm looking at one of these chart, like, yeah, again, here's a perfect example. You see how, and this is my focus going into tomorrow. Anything that is sitting on its five-day moving average, you see how square is sitting on the five-day moving average? If square starts losing the five-day moving average, nobody's talking about the stock is going back to the lows, but there's a trade there, right? There's definitely a trade there, right? You see this channel here, the five-day? If it starts confirming the five-day, you know, maybe you could get six, seven, eight points. Again, at the end of the day, the market needs to rest, right? Whether it rests tomorrow kind of a very surgical, well-deserved rest, or getting violent back because it had a big run, you could call it what you want. But as far as value goes, at least the initial game plan goes, I definitely want to keep an eye on the bulls to see what they do after the initial first pull of the futures, whether that comes or not is a different story. But again, I will not hesitate to see something coming out of a range back to the upside for a trade there as well, but just my concentration is kind of what we're seeing here, right? Like, look at the video, excuse me, look at square, look at the video, right? And the video lost its five-day moving average tomorrow, right? Today, you know, stuff like that. Even Tesla, right? Even a name like Tesla that it had a huge run, right? Stop that supply. You could see the 60-minute supply, right? This is where you're supposed to be buying the selling stock, not buying it. So if it starts losing this whole channel here, you know, why can't this thing go back to its breakout price, right? It broke out yesterday above this 950 level. Why can't this thing, if it, you know, for just a calm rest back test, why can't it go back to its five-day moving average and revisiting where it broke out yesterday, right? It's very, you know, it's very conceivable. Again, stocks don't go straight up, especially they don't go straight up after seven massive sessions to the upside. So, you know, again, I don't want to call tomorrow session sell bias. I just think I don't want to, I really don't want to buy anything tomorrow either. I will, I definitely will look at some potential opportunities back to the downside. But the one, the most important part where I'm watching tomorrow is any stock basically like a square, you know, any stock that stopped twice back to back days on its five-day moving average. And if it reclaims, if the bears reclaim the five-day moving average, I mean, look how much room it has back to, you know, back to kind of a back test action going up. So there's definitely some value going on other than that, man. The market has been, you know, dare to say it's on fire, right? It's been on fire for the last six, seven days yesterday and this morning, man. It felt like, you know, after Tesla broke out above that 950 level, man, they were coming for the, you know, the thousands, the thousand tens, the thousand fifties and all of a sudden this morning, they forgot about the thousands, thousand fifties. They were coming for the 1111 and a quarter, 1150, you know, Friday expiration. So things got really, really euphoric. But like I mentioned this morning, right, this is before the market, you know, the market even began. I said, listen, bulls enjoying a heck of a run, you know, remember, stocks don't go straight up. That's the, that's the most important part. Gravity is real, right? That doesn't mean they're shorts. And that's kind of the whole point of what we're talking about tonight. They're not shorts. They're just kind of tired, right? They just need a well deserved rest, kind of put your feet up, relax, gain your, you know, gain your breath, gain your momentum. And we'll see what happens on tomorrow's close. But that's kind of the point. We could be looking at a more quieter session that didn't turn out that way, right? It definitely did not turn out the way. There was very aggressive violence back to the upside then slowly but surely everything kind of gassed out. And this is kind of the reminder of what we talked about at morning strategy that things got tired. I was basically just got tired. So let's talk about this. Let's talk about today's session. PAGS, PAGS, again, this wasn't for me. I laughed about it, but the last laugh was on me. I didn't take this one. I know a lot of you guys did PAGS reported earnings. I was like, well, I don't want to sit with this thing, you know, trade this thing for, you know, fight with this thing for 30 cents. It didn't quite work out that way. PAGS reported earnings. 1890-19 needs to build. Here was PAGS. Oops, here was PAGS, PAGS. It took out, I think we even talked about PAGS last night in the video. It could be, excuse me, a couple of days ago in the video, but anyway. So yeah, so it took out the 1890-19 started building and went all the way up to $21 hell if I knew that was going to happen. But anyway, congratulations to all you guys who took that crowd. Really great breakout yesterday. There was a lot of big moves yesterday. Crowd, 210 needs to build. That was yesterday. Monster move yesterday. 220 now needs to build. Here was crowd. It took out, so it took out the 210 yesterday, right? Took out the 210, took out the 220 and traded right to 224 before everything reversed. Really nice move there on crowd for the last couple of days. Beyond went up like a buck buck and change. I basically told everybody to take it off their focus list. Kind of a weak PR. Microsoft never got to the 305 level. And here's where things started, you know, getting a little bit, you know, aggressive back to the downside. NVIDIA experienced traders only. 260-60 if it builds below can flush. Here was NVIDIA. It flushed all the way down. Pretty much closed at the lows of the day around this 256 level. If it confirms, you know, this thing maybe has another six, seven points to the downside, right? So definitely keep an eye on this thing for tomorrow's continuation, but nice push to take. This was definitely the biggest move, at least in my book. I know a lot of you guys feel the same way. 948, 950 is a massive daily channel. They're coming for the 1,000 weeklies. That was yesterday. Stock went as high as the 997 yesterday. And then this morning was the continuation pivot, 998,000. Obviously will be a huge area. Going forward needs to confirm. Tesla went to 1040 today. Just an absolute monster, monster move for Tesla. You know, take on the way up, blah, blah, blah. Here comes NVIDIA. 257 on deck. Went to 255. 1020 supply. When ripped through the 1020s, went to 1040. The big move there. Here comes PAGS. Traded all the way to 21. Crowd, nice pop on crowd. Here's the supply. 222.5, 24 is supply, right? And then traded right to 224. And that's it. I mean, that's it. I mean, really, really, you know, really good market, right? You got really good market. But now it needs a well deserved rest, right? Like a hero returning from fighting that battle and saving the damsel in distress. Now it's just all about getting a cup of coffee, put your feet up, get your favorite beverage, right? Maybe get a little bit of a piece of cake, right? Savor, right? Savor the moment. But for tomorrow, again, I don't want to use the word sell bias, but I definitely am leaning for some value plays back to the downside just to see where the market closes tomorrow. And if the cues, and this is a very, very big area. If the cues, guys, because tomorrow night, I usually don't put out a video. That's my night off. But if the cues close below 350 tomorrow, you see this whole area, right? That's the cross between the rising five and the 50 day moving average. So if the bears start reclaiming back down the 50 day moving average and close below 350, then for tomorrow going into Friday, we're going to have a completely different conversation about what happens next to the market. Guys, God bless, stay safe, and I will see you all tomorrow.