 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 Access to Trader dot com nightly wrap up show up everybody is doing well, a lot of stuff to get into today. A couple of things again, if you are brand new to the channel, please like share support the channel. The only thing we ask you is for that click the like button and subscribe, and we'll take care of everything trying to put you on the road to longevity. I think that's the best way of saying it. And the best way to travel in the road of longevity is always looking at the market from an unbiased point of view. And we kind of try to direct that message every single day. One announcement before we get started. As you guys know, once a month or maybe you don't know once a month, Kenyon does an incredibly great psychological series. It's the trader mindset series does it once a month. For all the peeps in Access to Trader. If you don't know who Kenyon is, he is an amazing, amazing life coach public speaker. He speaks to all these Fortune 500 companies and thousands and thousands of people. And we are incredibly lucky and fortunate and blessed to have here once a month, discussing the sheer anguish and hurdles of the mental side of the market. Obviously, I've gone through my pains. I have the lashes to really understand and convey my message. But when it comes from another point of view of somebody who actually does this from a day to day basis and speaks to the inner soul of human beings, it's a really cool treat once a month. So if anybody, if you are coming aboard this week or next week, again, it's totally included. And you definitely do not want to miss it. It's going to be Saturday, April the 15th. And I think Kyler posted a previous video on this YouTube channel to kind of give you a little bit of a hint. So if you've been doing this now, I think this is his fourth installment of this series. So hopefully you guys will continue to get a lot of value from this. It's really, really neat. It's something to extremely experienced live. So let's talk about the tape, right? Obviously, the big story today was CPI number. The consensus was 5.1, 5.2%. I tried to, every single video, try to give it from an adult, a very composed point of view of what I think is going to happen. And we talked about this last night. It wasn't the data, the hard data that was going to come in that was important. It was how the market was going to react. We knew about the levels of interest. We knew about the 319 level to the upside. We knew about the 313 to the downside. We'll get to the latter in a second. But this morning the number came out. It was 5% better than expected. And as you can see here, the first move of the market this morning was just a massive move up. It moved up in about 30 seconds. It exploded through the 19, put in a hive on 1985, and then 15 seconds later it started to come down slowly, but surely, slowly, but surely. And this is what we talked about last night on the video. Let the dust settle, right? Let the, as I said on the video last night, let the bodies hit the floor, right? We know where the bodies are better. Once the noise dies out and everything kind of gets a little bit stabilized, and if opening ranges kind of get confirmed, we'll see a trend for the market. And for the bulls, they had their shot. They really did. They had their shot. Again, CPI came in better than expected. And as you, if you blinked, right, if you blinked, bulls gave back that 19 level within literally 30, 40 seconds and the trend developed, right? It's the trend developed and it's not the trend that the bulls wanted to see. And we just kind of drifted the whole day, got aggressive down, you know, got a little bit of a dead cat and just started drifting down. And not only did we not, you know, hang on to the top of the range, we closed at the bottom of the range. We talked about the importance of 313 to the downside, 319 to the upside. Again, we closed at 313. We'll talk about the significance of that in a second. And I think, you know, going into tomorrow, right? Going into tomorrow, you have another data point, right? You have the PPI. Okay, I think tomorrow could be, you know, kind of the lash. I don't want to be too dramatic. I don't want to cause FOMO or anything like that or any kind of stereo or anything. Again, I'm trying to just, I'm trying to just really just lay out the facts. But I think tomorrow, if the bulls don't step up on this PPI number, you know, you're going to have a pretty decent move to the downside. Because again, if we confirm tomorrow this downward channel, you see this rising support here on the Qs and the Qs start losing, you know, this 312 level, right? This 312 level, especially on the close, we have room all the way down to 302, 303. Again, I don't expect that to happen in one session. But again, that's kind of the whole point of stocks trading from supply to supply and demand to demand to demand to demand. And I think the bulls, you know, I don't want to, you know, I don't want to say they dropped the ball today, but the last thing you want to see is that is that move over 319 faded. And again, it wasn't faded in two, three hours. It was faded in 30 seconds. So not not a great thing. Aside from PPI tomorrow at 830, you have Friday of more data, jobless claims of the first two data points of this week wasn't enough. So the investors have a lot of, you know, a lot of things on their plate. But more important is price action, right? And that's the name of the game. It's all about price action. I didn't spend more than 13 seconds, you know, kind of digesting or ingesting. The data of the CPI number, again, for me, it's just all about price action. And we say this all the time, we're prepared. Okay, that's the most important thing. It's not just, you know, it's not just being biased on one side and huffing and puffing, you know, and complaining. And on people with social media, when that side doesn't get confirmed, when your plan doesn't confirm, you have to be ready. You have to be ready on both sides. We kind of, you know, we stress that fact every single video. We stress that fact every single day in the live webinar to make sure that everybody is very evenly balanced. You're not you're not jumping out of the airplane. No offense, Kenyon. I know you have five 8000 jumps under your belt, right? But the point is, you know, you're looking at the market from a very logical point of view and technical analysis is your guide. We'll get to the pit in a second. Really good aggressive session today, especially pull into the close by the, you know, by all our favorites. And again, we'll get to that in a second. So here's the significance, right? Here's the significance. Let me give you guys levels. That 312 level has to hold on. Okay, 31250 was the low today. This is the lowest close. This is the lowest close in this whole entire formation. So you can see here, you have 11, you know, you have this 12, right? Basically, I want to split hairs. It's 312. So if the bulls don't hold on to this 312 area, okay, we have a lot of room down. Again, like I said a few minutes ago, is it going to come on one, you know, on one day? Probably not. But again, the last thing the bulls want to do is close below this 312 level because you could see your pot of gold, especially if you're trading on both sides of the market, this 304, which becomes the 50 day moving average. And I'm going to give you guys a whole bunch of examples for tomorrow. Stocks that are about to lose support, law support, or closed right on support. So you can really understand the significance. And unfortunately, a lot of traders are going to be going to sleep tonight, you know, not really fully grasping the importance of today's close or even more important, not grasping the importance of what happens if we confirm today's price action going into tomorrow. A lot of people just turn around and go, haha, you know, just buy the dip by the dip. Again, again, like I said in every single video, I have no idea where the market's going to go. I have a guess, right? I have an educated guess based on technical analysis. But again, is it possible tomorrow, you know, looking at the market and go, market's up 500, haha, Shapiro, you're an idiot. I am an idiot. We all know this, right? I just, you know, I just admit it. But again, if you take the data, and that's what we do every single day, again, I don't know where the market's going to be three weeks from now, three months ago from three months from now. You know, I'm trying to win tomorrow, right? That's all we're trying to do. We're trying to win our interval. We're not trying to guess the closing prices tomorrow. We're not trying to guess the closing prices next week. We're trying to take the data that we just took, right? And I just spent a good, you know, 20 minutes looking at a whole bunch of charts, which basically, there was no reason why, because the same five, 10 stocks I trade every single day. That's on my watch list. But the point is I did the research and I'm patiently waiting, even if we gap up tomorrow, okay? I'm patiently waiting. I'm going to give the bears every opportunity to confirm today's price action for tomorrow. And if I see the market is not going down and we're not confirming today's price action, that's the beauty of being prepared on both sides, right? Then we'll switch bias. We'll switch bias based on concrete technical evidence, not what we want in our heart and hoping to God that happens, okay? We're guided by technical analysis, not our emotions. So let me give you guys some ideas for tomorrow. And let me show you exactly what I'm talking about, right? Look at Netflix, right? Look at Netflix. Netflix closed right on its 50 and 20 day moving average. If Netflix confirms this channel down, there's like five, seven points in the trade. Look at Amazon, okay? We had a pivot this morning on Amazon, right? Look at Amazon, okay? Amazon is exactly the same chart as Netflix. It's sitting right on its 50 and 20 day moving average. If Amazon confirms, right, you have room all the way down to 94, 95. Look at Tesla, right? Obviously the star of the day. Look at Tesla. Tesla lost its five day moving average. If it confirms today's price action tomorrow, we're going to go down to the bottom of the range here, 176. Any close below 176 tomorrow on Tesla and you have room all the way down to 163. Again, is it going to happen on one day? Probably not. But again, these are the levels that are going to organically be tested and if they do confirm, good things usually are going to happen after that. Look at NVIDIA, right? NVIDIA lost its launch today, right? It's just sitting right on the bottom, right on the bottom of the range. Again, is it possible NVIDIA turns around and explodes tomorrow? Absolutely, right? Everything's on the table, but this is where we talk about being prepared in case it loses the bottom of the range here and it's held the bottom of the range here four, three separate times. If it loses the bottom of the range here, look how much room you have, you have as well. So we're set up. Apple is a million stocks. Look at Apple, same thing. Apple sitting on the bottom of the range here. So if the bears want to take control, tomorrow is the day for it. Get below 312, stay below 312 on the queues. If the bulls want to seize control, you want to see a washout, reclaim of 313 and then rally and everything else, it's all a bunch of noise. So let's talk about today's pivots, guys. Wrong one, wrong one. Let's talk about today's pivots. If I could put on the browser would help. Let's talk about today's pivots. So again, big gap up, big crap up, all the things the same, lowest close in this whole formation. And now we are going to be talking about some pivots for tomorrow, this damn thing would ever load. Okay, here we go. So here are the pivots for today. Right, here's the pivots for today. All right, so here's my notes. CPI came in, but I'm expected market is surging. We obviously do not want to chase these candles, right? Ask the people this morning if they chase those candles, what happened? The good news is we should see an expansion today. Yes, we did. Let the dust settle, let the noise die down. I'll start putting in pivots as they develop. Again, 319 was the big level as soon as the market opened. This thing just tanked straight down below. Here is, you know, here is, you know, here is a two-sided pivot on the video. 275-15, if it needs to build, could get the 78, got nowhere near 215. 275 went straight down. Meta 217 needs to build, we're nowhere that. This damn thing just went straight down from the open. VKTX 18 rejected, twice needs to build. Nice little pop, apparently it happened at lunchtime when I was gone, but again, if you guys caught it, nice little pop from 18 to 1840s. Obviously came back in with everything else. Let's skip aside all the stocks that didn't confirm. Google didn't confirm, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah. Here we go, right? So here we go. Here we go, here we go, here we go. So in the video, the video was the first stone to be turned. 7126, if it builds below, can flush. Here was in the video, smashed, right? Smashed. Here's the 7126, went all the way down to 64. Again, guys, watch the bottom channel. If this thing confirms, there's more room down. Tesla, definitely the trade of the day. 85, 60, if it builds below, can flush. Tesla right now is at the lowest level, trading about 180. After hours, if this thing confirms tomorrow, we could see all the way down to 176. Phenomenal, phenomenal move on Tesla. Amazon 99, if it builds below, can flush. Here is Amazon, right? Took out the 99, closed right pretty much at the low of the day. If this thing loses today's lows, there's room all the way down to 95. Big move down there as well. There was actually an upside pivot. Microsoft actually worked the upside. 286 rejected twice, needs to build. Pop the book about a buck before the destruction in prices. Here's the 286, right? So here's the 286, and I popped about a buck. Excuse me, 286 was right here. Pop right about a buck into supply again, considering how the market did. That wasn't a bad move whatsoever. And I believe, right? I believe that is it, right? Good rejection. This is early in the day, good rejection. Make sure you take on the way down. And that's it. So we are set up for tomorrow, guys. Again, very, very important day for the bulls. Very important day for the bears. If the bulls can hold on to that 313 level, that's a good thing. If the bears seize control back of the 313 level, taking down today's ranges and confirm 312, there should be a more aggressive selling to come. So guys, have a great night, everybody. Just a reminder, there is no video tomorrow. Tomorrow's my regular night off. But once again, guys, if you are planning to join us, whether it's tomorrow, Friday, or next week, you know, you have this wonderful, wonderful event coming up on Saturday, the 15 with Kenyon in his next installment of the Trader Mindset series. Guys, have a great night, everybody. We'll see you all tomorrow. Take care.