 Good morning everyone and welcome. This is Melissa Arma with the Stock Swoosh and today I'm doing a market review here in the room live so that room people can ask questions about the market. First of all does anyone have any questions about the market? I mean let me just go back here. Trader Gal was saying this is what we have classified as a high or high for those of watch that watch swing tops. You're talking about this. Is that what you're talking about? Trader Gal? Well let's go over it. The spy gapped up today. It gapped up. Open was $199.32. Let's take a look at it. This is what you're talking about. You're saying you August 24th? No August 24th was the day of the anomaly. The high in the day of the anomaly was $197.47. We're above that. We're above that today. We got above that three days after it happened. So I don't know why you're bringing that up. We're through it. Like that's the point I'm trying to make. We got through this. This anomaly, this gap down which was not a good gap down. We've been over this before. Did not rate well. Open and swooshed. Then negated the swoosh reversed. Then after this horrendous bar the next day that happened on a gap up we still recover the following day and then on through here in a bullish gut and we actually gapped up here and here and carried over ourselves. So it literally we were above the high of the anomaly within two days and that to me is a sign of strength. Now when this gap happened here I was like oh interesting but then we got above over it and then this gap happened here and I said no we're not going anywhere with this. It's neutral. It'd be done with it. And then yesterday I called the market law. Now today I didn't call the market long and today I said I didn't say anything about this at all. I just said we gapped up today and again until we get over 200 we're not going to go off like the moon. You're pointing out this area here. You're saying that you're looking at this as a top. But remember I don't trade like that and I'm not sure why you do either because I've talked to so many things and you've been in here for so long now. I don't even know why you would think like that. Again let's revamp the brain. Let's revamp it. Okay the market is still in an uptrend. I don't care how many toppy toppy toppies it does. It's still in an uptrend. This could hit on this number 55 times. It's still going to get above it as long as the market holds the uptrend which it's still doing. And actually I see nothing but signs of weakness here ever since this anomaly. You're saying that many people look at swings. A lot of people looking at that and bounced off of that today. Yes you are right that a lot of people look at it that way and a lot of people are short now this market. And guess what? Guess what? They are going to lose money because no one should be short this market. No one on the planet. And actually again I don't go long down gaps but you know what? You could have gone along the gap down that happened on the 24th. Now I don't do that and it's not the right thing to do. But I'm telling you you could have. Why? At that point the market was still in an uptrend and I knew it wasn't a gap down that would fall through lower. Therefore you could have actually theoretically gone along it. I don't go long in the support. That's not the right thing to do as far as the brain goes. But I'm telling you that you are right that people have shorted the market. They're looking at this like top. People are probably going to enter more short in the market today. But I will tell you that it's not a good trade. It's not a good trade because the market's in an uptrend and we will get over 200. We have a situation where we're in this area of congestion. I don't know how long it takes us to get over it. But I did say that in an ideal world the market gaps up over 200. I thought we could rally above it yesterday. We did have a rally. It was a nice rally. It was a good rally. It was a solid rally. And then we followed through in the gap up today from the rally into the close last night. However, it is summer still. It is three days after Labor Day. People are still off for the holiday week. We did not train up over 200 and we didn't gap up over it today. But that's what we need to do to follow through to keep going. We will do it. I do not know when we do it. But I did say it in ideal world we gap up over it. Don't be surprised if it happens tomorrow. Don't be surprised if it happens Friday. Don't be surprised if it happens this month because it's going to happen. And no one should be surprised about anything I say about the market to the upside. I'd be more surprised if I rolled out a bed and saw the market completely obliterate this trend. If it does, I will be the first person here bright and early on the morning that it doesn't at 5 a.m. ready to short everything on the planet. Until I say short the world, no one should be short this market. I mean like that right there just says something right there of volumes. Like there's no one that loves a short more than me. Like don't you think that if I thought the market was a short I would scream and yell and jump up and down and sell my class like so next Tuesday. I mean the reality is I could be talking bearish and screaming up and down red because I loved a short and I love to teach people how to short. I'm not saying it. I'm not saying it because I'd be saying something that's false and my reputation is sterling because everything I say actually believe and is correct and is right and the fact is the market's higher. But if I loved a short and then the bearish queen of gaps and shorting and telling the market's higher it's really actually higher. It's like every once in a while when I call a bullish gap when we go long everyone should just we should just do them because I hardly ever say it but it's the same thing in the opposite. If I'm telling you the market's higher what do you think it's higher because it'd be a lot easier for me to say it's lower. I teach a class and had a short and I loved a short and I could short all over the world. Instead I got up this morning I'm looking at myself and saying I'm scratching my head like gosh should I should I should I have bought that down gap like how could I be I'm calling the market so well so phenomenally well for so long now in a way that's almost seems impossible because everyone else is saying the opposite of me and I'm like I should be making millions of dollars in my market calls this is actually silly now it's almost silliness. I'm scratching my head this morning like why aren't aren't I up a million dollars for my market call right now so the market is higher. The shorts will get stopped out some will get stopped out over 200 some will not they will hold it through the next resistance level I wish there really is none but some people will say it's 205 201 205 203 I can name a hundred thousand numbers but none of them are gonna hold why we talked about this the other day we talked about this the other week in the class and what did I say I said there is no resistance level here that is gonna hold at all in this expect everyone to get up and above it the level of 200 to me Melissa Armo is the one that is very significant that means we should just stick like glue and blow through the wind and have a nice concentrated rally we haven't had a nice concentrated consecutive rally we've had we had this rally we had this rally we had this rally what I'm looking for the 200 number is to have a nice consecutive rally I'm not saying it has to hold 200 for the rest of its life I'm saying at that level if the market gaps up or we trade over 200 we will have a nice consecutive rally that will that will be nice it will be lovely it could go for three days or five days or one massive green bar we will have a beautiful lovely rally that doesn't mean people will all get out of the people that are shorting this market some will give it up to 205 and beyond but some will give it up to here easy who think this market's short or lower because it's not but I'm telling you though that the nice lovely beautiful follow through rally should happen over 200 it has not happened yet I don't know when it does yes people are looking at this is another top yes people looking at this is resistance yes many people in the markets lower but I'm telling you it's not and I guess you'll just have to see how it plays out to see whether or not you believe me there's something else I was going to say that I saw in here I don't even remember what I saw this day was it Friday I don't know what I saw that day but I mean everybody was here and I was like oh this is interesting because I really didn't expect the market to gap down on Friday morning so I was like oh this is hmm and I looked at it I almost was going to rate this gap because I really didn't think we were going to gap down but we did I didn't rate it I looked at it and I said you know what we're not going anywhere and you know what we didn't and and then I think I even talked about it after the fact because I said you know what we could have fallen off a planet here now I didn't rate this gap I didn't but I'm telling you I looked at it in my mind I was like we're not going anywhere and I'm not sure what I saw I really don't know because I never really the gap but when I saw how we closed over the weekend and looked at it and I thought yeah because we could have fallen off the planet here and we didn't do it we didn't and then we gapped up on Monday so there's a lot of signs in here bullishness if you know how to read price action in the way that I do one of them is this one of them is today one of them is here one of them is here one of them is here one of them is here one of them is here one of them is the gap here even despite the red day there's there's actually we've had nothing but signs of bullishness except for this day here there's only one day that was I would say that was a sign of bearishness since the anomaly and was here let me just count the days one two three four and 11 days of trading there's only been one sign of bearishness in the market how I read price okay everything else in here actually is a sign of strength to me of the confirmation that we're higher which I'm not going to go into detail about because I'll be talking for 10 hours but you'll just have to trust me wonderful day everyone thank you yes Monday bright and early be very careful if you train Thursday and Friday pass the market to gap up in the next two days I'm not saying it does but I wouldn't put it past it but I'm telling you whatever day it does there's a huge possibility that actually you can't short anything so I'm just letting you know and it could happen in the next two days work can happen next week but I'm just telling you whatever day that happens expect everything to rally like John Mungusley so the overall analysis here of the spy is that we're still higher people are shorting this market today people are short the market are ready and some will get stopped out and exit the short you'll have short covering over 200 and some actually won't they'll give it even more room they'll give it a lot of room they'll give it as much room as they can not believing not understanding not looking at the right thing okay but I saw one sign of bearishness since an anomaly and that to me gives me again the confirmation that in fact we are higher plus the way the market's trading here every day and you see it's working through itself it's working through itself trying to hold every day even yesterday it broke the load and it's working through it it's trying to hold it's trying to hold it is holding it's trying to hold it's trying to hold it's trying to hold it's rallying it's holding it's rallying it's holding it gapped up today it's trying to hold it's trying to hold it's trying to hold it's situating itself this is you're watching a live time the market working through the situation the situation of the situation of this and the market's working through it it's like like situating a cell phone working through it. And it's working through it on low volume in a week of a holiday. So let it work through it. I don't know when we get up on over it. As far as I'm concerned, we already are, because we are actually, but 200 is the level, all right? If you're interested in more information on the GoldenGat class, email me at melissathestockswush.com. The next class is September 19th and 20th. Have a great day, everyone.