 So this is chart setup number one and What we are looking at here is the ES now the reason we look at the ES I'm looking for The S&P index and what the chart setups are telling me on an intraday basis So as you know, the SPX doesn't have any volume. So you want to switch over to the ES There's usually a difference of about two or three points on the ES and the SPX So if you see the ES is 2570 SPX is 2573, but they generally move the same way So the markets just opened. It's about 10 o'clock a.m. Eastern time on October 31st. What we have here is a simple. It's a moving average crossover You can see that there are two lines The five period and the 20 period and then we have the volume. I also have the pivot points Okay, so this is the pivot point. So if you look at the studies slightly advanced notice now It doesn't mean you jump right on that. You want to make sure that The turnaround is actually happening. And so as you can see now, let me zoom in a little bit So you can see that now suddenly some higher volume came, you know, higher volume came in right here So that's a good signal And then some higher volume without there's too much dropping in price. There's not a lot of drop in price In fact, there's none and so now this bar we would expect it to move up So if that happens then that's a good signal. So let's see how that works and So now let's see what's happening in this now actually, you know, it's looking like it's going to go down further So let's see. This is very interesting. So that's why you don't jump on the first signal that you get On the you know on on the day trading thing because you have to be very careful you want to watch for the signal to develop so Let's see how this develops this bar is important for this particular chart setup and also the price action on the SPX this morning. So I'm just going to be quiet and just watch this for a Minute or so. I expect it to go up But let's see it didn't show that promise, but that's the kind of tricks these guys play So we have to be, you know, aware of that. I do expect it to go up. Let's see and it's also on the pivot midline so If it breaks the pivot midline then the downtrend will be established because the floor traders are also looking at these pivot points so Let's see how this action goes Looks like it may turn around. I'm expecting it to turn around and go up, but let's see There it is. So that initial move was a fake So this is how we would want to read this particular chart setup these pivot points are very important because the floor traders look at these things and I'm going to do a separate video and I'll show you some previous examples of how these pivot points work and it's really pretty amazing that And once again, it's because It's you know, many people are looking at it. That's exactly why those points work So anyway, I'll wrap this up for now as you saw this was a good signal and it is still developing obviously but you can we can certainly get into the day trade as soon as this bar ends and Which would be at 10 or 5 so in a couple of minutes Well, once this bar ends we'll have a very clear picture of How the trend may be developing over the next couple of hours or so. Thanks