 If we close above the 50, it's all good. You're good. You're good. If we close under the 50, not so much. 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 the AccessToTrader.com nightly wrap-up show. So here we are again. So here we are again. So three days ago, we had a pretty aggressive sell-off that kind of left a lot of bulls in the fetal position underneath their desks, praying to God that everything was going to be OK, because we closed right on the 50-day moving average. And the value, again, that was a day that I came in the next day, I was 200 million percent sell-bias. Because again, not because I want the market to go down, because again, we trade where the value is. And the value the next day, if we would have confirmed this 50-day moving average break on the lows here on the cues, we would have a very, very aggressive waterfall effect. Instead, the bulls did what exactly the bulls been doing for the last two and a half years. They bounced, and not only they held that level, they had a really good two-day bounce. And we saw today taking the action aside. Again, today was a perfect example why technical analysis is so pure. And again, stocks just don't stop at random levels. Again, this isn't a cartoon that the coyote, the wily coyote, drops an anvil on the road runner. And the road runner looks up. The anvil pauses in the mid-air and goes right back up. It doesn't do that. Usually stocks go and get rejected of supply and then go back into demand and vice versa. So today was a perfect example why technical analysis is your friend. And we saw a pretty good aggressive morning session, lot of strong names moving on, very good moves. And we kind of noted, we talked about this in the webinar, that it was a perfect example, right? We held the 50, we went to the five, right? We went to the five-day moving average. Again, we've discussed this five-day in the last couple of sessions. Again, it's the shortest-term area of sentiment, okay? We got rejected off the cues, right? Off the five-day moving average. And then slowly but surely we started seeing things kind of fade off the highs, which again, which is totally normal, okay? I want everybody to understand that. It wasn't one of those things and say, that's it. It just rejected off the five-day. We're gonna test the 50 again. And next week, we're gonna test the March laws. No, that doesn't work that way. Again, nobody says that, okay? At least nobody should be saying that because it's ridiculous and it doesn't happen that way. But again, a lot of people love to hear themselves talk. So things started fading and then we started hearing a little bit more talk about maybe a stall-out and vote, about a new stimulus package. So the things started fading a little more and then they bounced and then they faded and then they bounced and they faded. And ultimately a pretty significant sell-off into the close, right? And basically, here we are again, okay? If you rewind three days ago, we were here exactly the same place. We closed on the 50-day moving average three days ago and today we held the 50-day moving average once again. Now again, I made that carol mistake to putting it out in the atmosphere, to putting it out with the mark of God's and said to them, hey man, I'm 2,000% sell buys for tomorrow, let's go. Obviously we rallied 600 points the next day. So I'm not gonna tell you which way I'm biased for tomorrow. But let's play a game, okay? It sounds like an Iran rhymes with clown, frown, mound, right? So I'm not gonna say it, I'm not gonna say it. But here's the reality, okay? Here is the major reality that every single trader, every single investor has to deal with tonight, okay? We have a very aggressive hard line in the sand for tomorrow, okay? Here it is, again, there is no room for interpretation. We held it once, we held it twice, right? This is the line in the sand. If we start building below this line in the sand and if we close below the 50-day moving average on the cues, I give you my word, it's not me being a bear or being a hater, it's social media word, hater, right? It's technical analysis, okay? It's business, right? It's just business, it's stock prices. Don't fall in love with your pieces of paper. These are stocks, they don't love you. You don't need to love them back. You're free to buy them, you're free to sell them, you're free to short them, you're free, whatever you wanna do, you're a pro, right? But if we do close below the 50-day moving average and we start building below, again, if you believe in technical analysis and the purity of it, right? The next area of major support is all the way down here to this regression line of 260. So it's very, very important. I think tomorrow's session is incredibly important. So again, I don't wanna tell you which direction I'm leaning, but again, mound, frown, clown, right? Hold on, I'm sure I can think of other words. So I think it's very, very important two things happen, okay? If we do gap down tomorrow, it's very, very important for the bulls to reclaim the 50 right away, okay? Because the longer we build below the 50, the higher probability we're gonna test bottom channels. That's very, very important. The one thing that we do not wanna see if you are a bull, and I said this again three days ago, this is why it's bothered me. You don't wanna see a gap up, because if the gap up, we're gonna get stuff to supply and we're gonna turn around and go lower. So we don't wanna say that. We don't wanna say that. So it's very, very important we don't say that. But the reality is, based on what we're seeing here, the bulls do not want a half ass gap up tomorrow that does get stuffed. We roll over, not only do we confirm today's lows, we confirm the lows from two days ago, and we start a cycle of very, very heavy aggression. The only good thing, and I will say this, because again, I try to play devil's advocate, all jokes aside, I really, the one thing that I will say for the bulls, we didn't see a lot of really aggressive put buying on the way down. Now I left around 2.30, I had to go pick up my son. So I wasn't here after 2.30, but from the first part of the sell-off, I didn't see any aggressive, I have to go through the option scanner to see, but I really didn't see any aggressive option float at a downside. So again, I could be wrong, but I wanna double check. That was the only good thing. And again, who's to say, sentiment is gonna be pushed into tomorrow and to confirm into Monday and Tuesday, we don't know. But again, we have to be aware where we are, okay? The market could do whatever it wants, but ultimately levels of there to either be defended or being confirmed. And the most important part for me tomorrow is macro, okay? And if you look at a lot of names that had a very aggressive pull a couple of days ago, they already broke their levels, right? They already broke, like if you look at Facebook, for example, right? It took out the lows from a couple of days ago, okay? That's a very big no-no, okay? So a lot of names are very, very close to testing the previous days lows or the previous channels lows. And I think again, the bulls are going to be put to the test tomorrow. I think if you are an investor or if you are a trader or you're really biased on one side, really pay attention to those levels, okay? If you love your pieces of paper, again, remember your pieces of paper can be cheaper, okay? They can be significantly cheaper, very, very fast, because again, look at the run-up we had. Okay, I'm not trying to put any fear monger, I'm not trying to scare anybody, but look at the run-up we've had, right? We had a run-up in the queues from 164 to 300, right? 164 to 300 since March. You see where we are, right? Everybody see these guys? You see where we are in the weekly? You see how it tested the weekly, right? And then bounced? All it needs to do is confirm the weekly and you can see it with your eyeballs. Again, I don't have to convince anybody, okay? If you want to be long-stock as if the queues close underneath the 50-day moving average, that's up to you. But at least know the dangers, understand the dangers of what could happen in case it does happen. Again, we don't know what could happen. We could be talking about testing the bottom range today and the market could pull what it did two days ago and rally up 650 points. We don't know. Oh, again, we don't know. We're not that smart again. We just have opinions. That's all it is. We just have opinions and we want to make sure those opinions get confirmed technically, not emotionally, but we want to get confirmed technically. So that's where we are right now. So again, you could listen to what I'm saying. You could not listen to what I'm saying. That's your prerogative. Every adult has their own money at stake. It's your dime, your dance floor. You could do whatever you want. But again, at least acknowledge the potential of what can happen next. If we close above the 50, it's all good. You're good. You're good. If we close under the 50, not so much. Again, you don't need to listen to me. Just listen to what the technical analysis is telling you. Other than that, a lot of good pivots today. Big aggressive pull towards end of the day. We're set up for tomorrow. I am 99.999% frown, slown, drown, mound. Can't tell you what it, which way I'm leaning for. Just don't want to share that really, really pervy information. But all in all, all jokes aside, pretty solid session today. Peloton obviously reported after the close. They killed it. They really, really crushed their earnings. It was like 173%. Again, I've been on the Peloton. I own a Peloton. I've been on it, I would say six times. Six times in about three years. The last one was two weeks ago. I was audit for 10 minutes. It's just something about, man, they really need to make a bigger chair. Especially for us guys. It's too small. And again, I understand we could buy a bigger chair. We get that, man. But why can't it just come factory sealed default, right? Default, bigger chair, man. Tushy hurts after a while, right? So Peloton really, really aggressive move. Before the earnings, there was a pivot here at the opening range, 94, 80, 95 needs to build. Again, they report tonight. Here was Peloton. Pretty nice move here. So here's the 60 minute view, right? Here it is right here. This 94, 80, 95 traded right to the linear aggression line of 99. Really nice move. Now it's just kind of holding up very, very well. I was training around 96 after the close. So that was good. We talked about BEYOND for a couple of days. If you've been really paying attention to some of these pivots, very, very aggressive channel here. 139, this was definitely one of the biggest moves today. 139, 75, 140 needs to build. Recent macro is 140, 250. We'll also need to confirm. And BEYOND, again, it's such an underrated stock. Underrated beta name. But when this thing goes, BEYOND goes nuts. So here is the 140, right? So here clears out the 140, clears out the 4250 and just goes bananas. Trades all the way up to almost 150. We saw a lot of aggressive call buying through the name, the 150s, the 160s. Again, that was four hours ago. We have a completely different market. Now, DraftKings, again, the theory behind DraftKings, football starts tonight. This is everybody likes baseball and basketball and hockey and blah, blah, blah. But there's no bigger gambling degenerates, right? It's the best way of saying it. Junkies as football, right? Football starts tonight is a great, great night. You got the Tennessee, excuse me, Tennessee. You got the Texans. You got Patty Mahomes. You got the over, under 400 points. It's gonna be a good one. So again, the degenerates came out. 42 needs to build. DraftKings did very, very well. Again, as I said, pre-market, if a stock like DraftKings can go up on the day, right? On the day of opening kickoff with the NFL, when the hell they ever go up. So here is the 42 right here. This whole channel, 42. One as high as the 44 and change. Facebook, Facebook had a small pop and it got stopped right on supply just like the Qs did. 278, 50, 275, it traded only to 279, 16, reversed like everything else. CRM, that 256 level, never put in that new high. Alibaba gave a dollar move. 275, 275, 276 needs to build. Again, everything really mirrored the Qs today. Very, very, it's very, very important to understand that. So here is the whole 275 level, 275, 275, 276, and you know, I traded the 2710, again, reversed down. Again, if you look at the daily chart, right? You can see it. I can't tell you which direction I'm in, right? That I'm looking for tomorrow, but down frown, clown, mound, right? So that was fine. Crowd was a nice move here. 132 needs to build on crowd. Here is crowd, right? Here's the 132, right? So here is crowd, 132 traded right to the linear regression line at 134. Nice little pop again before the Qs decided to crap all over everybody's face and they say down the nicest way. So beyond huge move there, nice spike, draft kings, new highs, Alibaba new highs before they reversed. On Netflix, you know, this guy just throw away, this guy just throw away money. Somebody came in when, you know, somebody who came in when the stock was at 504 laid down some money on the 530 weeklies. Okay, you could have just given me that money. I would have donated the charity instead. That money goes to somebody else. Again, big, big move on 10 points, almost 10 points on that. Nothing happened on Microsoft. There was a Trump headline. They might extend the bidding for TikTok. There was a pivot around 212 and got nowhere even near 212 to confirm. Here goes draft kings. And this was the last pivot of the day. This is where I left. Amazon 3264 held twice. That's the line in the sand and Amazon got murdered. That's the best way I could say it, right? So here's the 32. Here's the 3264, right? And Amazon just went, just got destroyed without like about 100 points. So again, that's the deal. So I'm tired. I'm cranky, but I am excited today's football. It's the end of the week. I have very, very limited battery capacity left, but I will fight through it. I will leave it all on the field. Tomorrow is going to be a pretty good value day. We'll see the way it plays out. Again, I try to not, I learned my lesson. I'm not putting anything out there in the universe to tell you which way I'm leaning. But again, we'll see. We'll see, said the blind man. We'll see. Guys, have an awesome night. Enjoy the football. And with God's help, I'll see you on the field tomorrow. Take care.