 I'm basically, you know, I'm basically pretty much sell bias going into tomorrow. There's a lot of names that I like that that are really mirroring the NASDAQ 100. 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. Just a quick update. Hope everybody is doing well. It is Tuesday. Okay. Excuse me. It is Wednesday. Hope everybody is doing well. Hope everybody had a good trading day, quick update. And then I have to go to my son's basketball game. So I want to kind of wrap this up pretty, pretty quickly. So QQQ, we've been talking about this potential round about top several days. Yesterday, we finally saw the aggressive pull of the really, really aggressive big runners over the last month and a half, two months or so. And the biggest, biggest takeaway from yesterday's sessions like we talked about in the video yesterday was the first close below the five day moving average since right over here in October. Now the question was what we're going to do today where we're going to confirm the five day and move to the 10 and obviously going to set us up for the rest of the week. And that's exactly what happened. We confirmed the five day moving average and this is now the first close below the 10 day moving average all the way. It's kind of a pretty big year. The first time we closed the 10 because if you follow this like snake, first time we closed below the 10 day moving average since September the 13th. And if you believe in the theory again, every single night we kind of break down technical analysis into kind of baby steps. If you believe stocks trade from supply to supply, then again you have to believe the stocks trade from demand to demand. And now instead of like we talked about yesterday, there was only $2, $3 on the Qs to the 10 day moving average. Now this is the first close in a very, very long time below the 10 day moving average. And now we have measured potential all the way down to this 384 385 level. So you're talking about another five five and a half points on the Qs. So if you looked at what happened yesterday, it was isolated. There was still a lot of names that were very, very strong. Today everything got taken down for the exception of Tesla will get to that in a second, but it was really, really impressive the way that a lot of the names that had big, big runs that were really not not that many attempted rallies today. And the most important part of any potential pullback or any further potential pullback, always remember that the break out of the market started right around here. So is it very possible we get back ultimately have a hard landing spot somewhere around the 375 area? I mean, it would make sense. It would make sense. It would reset a lot of stocks. It would be a healthy, a healthy distribution kind of a rest area for the market and is what we talked about, you know, several days ago when this first round about top started happening, we talked about, you know, this is not a scenario of we're going to go back to last month March lows. This is just basically a healthy reset. Let the stocks kind of get there when beneath their sales kind of get their feet underneath them and then we'll start a pretty much an aggressive rally back towards the end of the fourth quarter start of the first quarter. But first, we have some steps in front of that. I'm basically, you know, I'm basically pretty much sell bias going into tomorrow. There's a lot of names that I like that are really mirroring the Nasdaq 100 first close below the 10. That's the theme, right? That's the theme. So when you're charting tonight and you go through the Nasdaq 100 just go through. It'll take you three to five minutes to go through through the Nasdaq 100 any stock that closed below the five day moving average or below the 10 day moving average, which I call the birth of the trade to the upside. That means it's well, the birth of the trade to the downside. So if you have that theory, if we confirm today's price action, again, we lost about 1.6% on the Nasdaq. But if we do confirm, we still have a 55.5 points down and that will reflect a lot of pretty good technical damage on a lot of really good high flying names or recently had superb performance. And now it's just time to kind of get them to kind of reset a little bit on some backtests. But instead of just sitting there waiting for them to reset kind of on the bottom of the range here, we're going to take advantage and that's the whole point. We're going to be prepared like we were yesterday, like we were the day before. And for the last couple of days, we still saw really good opportunities on the long side. The only one I see is a little small channel here on Tesla that we're going to get into tomorrow and morning strategy in the webinar. But other than that, everything is pretty much to the downside. And if you take this mirror image of the Qs, start looking, right? Start looking at names that kind of mirror what we're seeing in the Qs. And if you do so, you'll see a lot of really good setups for tomorrow. You got Qualcomm, really, really big move from earnings, first close below the five-day moving average. Again, this thing confirms and again, nobody's saying Qualcomm is going to go down to 150, but you know, you could get a pretty good move all the way back to the bottom of the range here to fill in some of this earnings gap. When you look, for example, on a name like Zillow, right, had really, really bad earnings. Attempted the DebtCat bounce the last couple of days, especially if the Nasdaq 100 comes in. This is a member of the Nasdaq 100, I believe so. Anyway, so I'm watching the bottom of the range here, the bottom of the earnings low. If this is the bottom of the earnings low starts getting, you know, starts getting hit, you know, you could get a, you know, you could get a 10% move, you know, a 10% initial move to the lower Bollinger Band. Now, a name like Microsoft, which I love, right, which I love, it had a phenomenal run, but again, we're just looking at the, you know, the same setups over and over and over again. First close today below the five, first close below the 10, and if Microsoft confirms it's seven to 10 points of downside as well, names like Netflix that, you know, started its decline a little bit earlier than a lot of names are still sitting in this bottom channel here. And if, you know, things implode, you could get a big move as well. So there's a lot of names that are going to give us a lot of value for tomorrow in a perfect world that I'd love to see. I would love to see the market gap up tomorrow. Okay. I'd love to see all these names that I'm kind of watching get stuffed into 60 minutes supply, go green to red and start really taking down today's channels. Like I said, sometimes technical analysis is not very, it shouldn't be subjective. Okay. You should have a really decisive, really decisive view of the market going into the next trading day. Sometimes it could be tricky because sometimes channels are so tight, right? There's a lot of contraction in channels, but here's pretty, you know, a pretty clean view. Like yesterday I had a pretty clean view of what I wanted from today. First close below the five, now first close below the 10. So I believe the value that is definitely going into tomorrow to the downside into technology space can something wake up like a Tesla. Absolutely. I had a wild ride today from up from down 15 to up 70 to go red to close up 60. Just a crazy, crazy move today in Tesla. The question is, did Elon sell a stock? Did he not sell a stock? Again, it doesn't make a difference. If you're a trader of this market, you have to just appreciate the channels, appreciate the average shoe range and the capabilities that you can't put into play on both sides of the market. Other than that, again, you don't have to be very creative going into tomorrow's session. You know, if we go, right, rejected into supply, go red and the channel is confirmed to today's lows. I think we're going to have a day two waterfall. Guys, have a great night, everybody. God bless. I'm sorry for keep cutting it short. I'm just running up against the clock. My son has a game. Dad life takes precedence over anything. I just want to make sure I get you guys kind of in the right frame of mind going into tomorrow's session. Guys, God bless and I'll see you all tomorrow. Take care.