 Okay, alright folks, welcome to the webinar. If you haven't seen this video that I've just posted here on the chat box, you can go ahead and watch it. What we are looking at here is how to trade the SPX intraday. One of the things with the SPX as opposed to stocks is there is a lot of internal information. So you might have heard of the wall SPD, which is the up volume minus down volume. You would have heard of the advanced decline. You would have heard of the tick. So in this particular case, what we are using is the ticks. So the ticks, so if you if you saw the regular day trading signals and you've seen this before, it would be, you know, this is a the day trading column. Of course, it gives you the signal as to which stocks are behaving bullishly. But the date this column also gives you a snapshot about the, you know, it gives you a snapshot about the breadth of the market. So the breadth of the market is, let's say we are looking at the S&P 500 out of the S&P 500. How many stocks are bullish? How many stocks are bearish? And so that gives you an indication of the breadth of the market. And so the breadth of the market is extremely important because ultimately it's the individual stocks that actually drive the index itself. So if 400 out of the 500 are going to be bullish, then that is going to get reflected into the index. And so the index goes up. So it's weird how the index works because in the pre-market, there is no, you know, the stocks are not trading or, you know, all this volume up volume and minus down volume. These are not being calculated in the pre-market. However, once the market starts, then all this calculation drives the SPX. So in the pre-market, it's all just sentiment, maybe European market performance or Asian market performance. Any of those kinds of issues drive the futures. But once the US markets open, it's the actual component of the S&P 500 that drives the S&P 500. And so there is several internals available. And one of the things, ball SPV is also a good one. However, if you look at the ticks, this is real time. Every time a stock ticks up or down, it goes into the tick value. So there is nothing more fundamental or more, it's the lowest denominator of the market internal. And so it's important if you can harness the power of the ticks, then we can have a very reliable trading system. So by definition, therefore, this indicator that we are going to see today, it does not work on stocks. It only works on the SPX. You could try to use the indicator and trade on stocks. However, on that particular day, that stock may not be correlating well with the index in which case your trade could go wrong. In most cases, stocks do correlate with the SPX. And so if you're taking one of the well correlated high beta stocks, you're probably on the right side of the trade. However, what I'm saying is if you want the perfect signal from using the ticks, then you have to trade the SPX. Now, the trading the SPX has tremendous advantages over stocks because one, the SPX is a cash traded index. So let's say if you had to get into a credit spread, you're worried about whether you'll get assigned on that trade. No, there's no worry of assignment because it's a cash settled index. The second advantage obviously now, if you look at the SPX, we have expires pretty much, you know, every other day we have expires. So this expiry that we're dealing with is tomorrow Wednesday. And then we have a monthly on Thursday. Then we have the regular weeklies on Friday. And then we have one on Monday again. And then we have one on Wednesday. And then we have one on Friday. So I'm sorry, this is the quarterly. So you'll see that with the SPX, you have so many expires and this gives you even more flexibility with your trading. So the tick is a very fundamental kind of data that we get from the market. And so to harness it would be very advantageous. And so that's what we have done. And I think you may have seen the video of yesterday's trading action. This is what I covered in the video yesterday. Let's just go back one more day and see what the trading day looked like. So this was the previous day, which would be last Friday. And so as you can see at exactly 9.30, now you'll see 1900, I'm in India. 7pm here is 9.30am in the US Eastern time. And so my clock is showing all Indian times here. Now the market starts and then it takes a beating and immediately you can see that the ticks are going red and this is also going red. So now depending on where you catch this, I mean this was a big drop from 28.94 down to 28.86. So a drop of about 8 points. So let's say you got in somewhere in the lower end and then you went into this trade. You're going to get chopped up a little bit. But so what you want to do is wait for the right kind of signal there. You might have made some money here. I'm not saying that you wouldn't have made it. I think we would have made some money. But some of the other ones where you could have made money was especially when you see these persistent dots over here. Once you see two dots persistent, I think you can take a trade. And just be ready that if things change, then we should get out. Now sometimes you'll be able to get out nicely and sometimes you might give up some profit. Like in this case you might have given up some profit. But regardless, once again you're looking for a persistent trend. And so here you have another persistent trend coming up over here. Granted this is hindsight. It's going to be a little bit more challenging when you see it in real time. But the moment you see two persistent dots and you also see the custom RSI also built in. That's when you want to go for the trade. Now this is a custom indicator as well, the custom RSI. Usually when you look at the RSI, you'll say that okay, if it goes above the higher line, then it is over bought. Or if you go below the lower line, then it is oversold. In this case, that's not the case. The more time it remains above in the over bought, that means we need to stay in the trade. You need to stay in the trade. So this is a great example of when you would stay in the trade. Especially even if you see some two, three dots over here, you can see. But the RSI is completely above the 60 level. And so you want to stay in the trade right there. And so this keeps you in the trade for much longer and you would probably stay in the trade all the way towards the close. And perhaps get out of it when you see these one or two dots. Or if this guy, the RSI slips below the 60 level. So there is much more customization involved in this. The settings are 60, 40 on the RSI. But we are using the RSI only as a confirmation indicator. So please keep that in mind. The main indicator is obviously the tick SPX. And this is a cumulative calculation of the tick. So if you saw the video, I've explained tick and tick is a very noisy indicator. I mean, there's really nothing you can infer just from the ticks. Perhaps if the tick is persistent on one side, yeah, then it may make some sense. But otherwise the tick per se doesn't give meaningful information to the retail trader. But when you aggregate the tick, so every bar you're aggregating the tick to what has happened before. So that then builds the market breadth for you. And so as you go into the trading day, this breadth becomes very, very important. So and of course, anything below the zero line on the tick, you're seeing a negative sentiment in the market. And anything above the zero line, obviously it's turning positive. So as you can see here, the RSI is clearly in the bullish range. So I'm not going to call these overbought and oversold. They're actually bullish range and bearish range. And that's really the way to look at it. Because of the customization that's gone in, it's not telling us whether it's overbought or oversold. It's telling us it has entered into a bullish time or it has entered into a bearish time. So this actually adds as a very good secondary indicator for the ticks itself. So that's how the ticks work. And so this day, actually we didn't have very many good trading opportunities except for the end right here. Somewhere over here, we could have got the trade and you would have ridden a nice, I would say close to a 10 point ride on the S&P. So one of the things is, you're going to have to wait for this kind of an opportunity to come. Now granted, you don't have to wait for exactly this kind of opportunity. You don't know if it's going to be that kind of an opportunity, but you can take smaller trades intraday and go with that. But the important thing is, if it changes, then it's much more preferable to get out of the trade and perhaps get back in even if you made a mistake or got out too early. It's much better to do that rather than stay in the trade. But if the trend is persistent, then I would say don't get shaken out by one little green dot. Here you can see 1, 2, 3, 4, 5 and then there's one green dot here. I don't think we should get shaken out by that. Perhaps if the green dots persist, on this one is when you would want to get out. If you see the green dot appear again, then perhaps that's the time you get out. Also you can do a visual look right here at the chart itself and see whether things are bottoming out or whatever and if it's likely to go up. So you can get out of the put trade right there. So that's where things stand. Let's give it a couple of minutes. Meanwhile, let's open it up for questions. Does everybody understand the tick properly? If you have any questions, we have about two to two and a half minutes before the markets open. So before the webinar starts, if you have some questions on that, then please feel free to type it in and I'll tackle those. But once we get into the webinar, we'll be looking at the markets. Now obviously one of the things with the ticks is it takes a couple of ticks. Two or three ticks before you start recognizing the trend. So that's one of the things you have to bear in mind. Unless there is a clear sentiment coming in into the market. Like today there is. I mean the futures are up 18 points and so there is a clear bullish sentiment coming in over here. All right, questions. Is this a toss indicator? No, then it's not a toss indicator. I've custom developed this. Does this indicator will work on swing trading? It will, but I've not worked for. No, no, it won't work for swing trading because this is a intraday indicator. I'm sorry, not for swing. It won't work for swing. Is this available on TD Ameritrade? No, it's not. It's a proprietary indicator. Is this being recorded? Yes, I'm recording it and you'll have to give a few hours for it. You know, basically I would say a day because I run the day trading signals webinar also. And well, I can cancel the Camtasia, but it will still take me. I'll get it out by tonight or by tomorrow morning US time. So all right, so how much account size is needed? Jen, see account size, there's no minimum requirement. But as you know, in intraday trading, you are subject to the pattern day trader rules. And the pattern day trader rules says that if you have an account size of less than $25,000, then you are limited to three day trades in a five day period. Okay, in a five day period. So if you do a day trade on Monday, if you do a day trade on Tuesday, and you do a day trade on Wednesday, you won't be able to day trade again until next Monday, when one of the day trades will get released, then on Tuesday the other day trade will get released, and on Wednesday the other day trade will get released. But if you have an account that is more than $25,000, you are not limited to any of that. You can do any number of day trades. So that's what in a nutshell is what the pattern day trader rules are. How do I get it? I'll be explaining that later. Can you trade the SPY as a surrogate? Absolutely you can. Absolutely you can. Does it work on the QQQ? Yeah, it could. The setting for tick SP is the SPX. You'll have to set the tick for the NASDAQ tick. Anyway, markets have started. So let me go to the current location here, and you'll start seeing ticks coming in over here, and we'll see how things go here. So as you can see, the opening tick is very high, because our futures are up 16 points right there, and so the opening tick starts here very high. I'm going to zoom in a little so we can see everything clearly for the first few bars, and let's just watch this and go with that. So when you see a good tick, and you want to take a trade on the SPX, you would want to come into the closest expiry, because this is not a trade you're planning to take overnight. Okay, very good question, Vin. A five-minute chart or a one-minute chart? I'm going to put the one-minute chart so that we have a much better feedback loop here in terms of the tick. And then what I'll do is, let's do this. So you can see the first tick is up on the one-minute, but as you can see, the SMP is coming down. The SMP is coming down. The tick is high. So those are my swing trades that are getting executed. We won't worry about that. So now it depends on how the market does. The tick is starting at a high level because of the futures. So now we watch and see how this tick performs, and now bear in mind this is a one-minute chart, and so things can change even quicker on the one-minute chart, so you have to be a little more nimble. It's up to each person how you want to use it, whether you want to use it on a one-minute or a five-minute. I would say one-minute is preferable because we have a much quicker feedback loop from the market as to what the internals are looking at. So if you go to see our day trading market watch here, you'll see quite a few in the very bullish, just a couple in the very bearish, and that's what you would expect to see in a futures environment like this. So let's go back here and let's just wait for a couple, and you can see now the ticks are increasing even though the market is going down. That's because it's all coming from the momentum of the futures. So stocks are still ticking up even though the S&P actually gave up about four or five points after the open. So let's give it a couple of more ticks, I mean a couple of more bars, and let's see how the one-minute chart is working. So you can see the RSI, which gives you the price trend, it's already telling you, hey, this is in bearish mode, just given this kind of a price action here. However, you know this is the market open. So whenever the market opens, a lot of pent up information is coming into the market and so you don't want to take a decision right there as to which way this thing might head. Now you can see the RSI starting to turn around. You want to take a trade when the RSI as well as the ticks are synced up, okay, are synced up. So here we go, S&P is looking like it wants to turn around and go back up. Let's see what the RSI does on this tick. If the RSI clearly goes above, then we may want to take a small trade. So let's just watch and wait because certainly it's looking like a bullish market here. So RSI, you can see as soon as the RSI crosses, there's an arrow that comes up and tells you, hey, it's crossed the bearish line and now it's heading up, okay. Now it's heading up. Let's give another few seconds here. We've got 15 seconds on this bar. Let's see how this one performs and I think it may be time for a bearish trade. The ticks are moving up. You can see the ticks are 300 above. So which means cumulatively, this is 300 stocks are ticking up, okay. But the tick can be any amount. It's not limited to, it's not limited to what you call the 500 stocks because each stock can tick many, many times in a minute. And all of those are taken into consideration. So here you see the S&P pulling back a little bit. The ticks are still strong, which tells you that the breadth of the market is still very, very strong. The price action is a little soft, but the tick action is very strong. So if we wanted to take a trade somewhere here, let's say, you know, 2925, the S&P is at 2908, right. So let's take 2930, just take a small trade and we'll see how it goes. I'm just getting it ready here. We'll put it at the right time and see. Now you can see the S&P taking a pullback. Price action will be reflected on the RSI. The market breadth internal information will be reflected in the tick SPX. So that's what we are looking at here. Let's give it another, it's a little choppy and you're bound to see some choppiness when the market's open. So now you see the first red tick. So on this one, more stocks tick down than up. However, you can see that tick is coming back again and moving up. So we just want to wait for both the tick and the RSI to sink in before we take a trade. So that could take some time because as I said, the tick starts only at 9.30 a.m. and so you want to wait for some time and you might miss a trade there. That's okay. If you use the system through the day, you're going to find plenty of trading opportunities on most days here. So let's watch and let's see how this thing goes. We are about 5 seconds away from this one also, from this bar and let's see how the ticks go. So the ticks are recalculating here. So the tick was up on this but it's down on this. So once again, some choppiness here and the RSI price trend is turning down. So we just want to wait here because we know it's a bullish day. We don't have to wait for call trades only. However, given that the futures are 16 points up, you want to look for call trades only. When it's a down market, you want to look for put trades only. And sometimes it will be a flat market. You can't do much about that. You just try to take advantage of swings in between these signals here. So let's see how this one also goes. So far we don't have a clear trade entry signal yet. We are looking for bullish trades obviously because as you can see it's a strong tick. The cumulative is up about 295. However, it has ticked red, which means cumulatively now it is in the red. But it's not below zero. Remember that it's all positive. So once again, here we go, we are at 300. Now this was 316 and this is 300. So there's a slight down tick happening. So we've got to wait for one more bar to see if there's any clear direction. I would hesitate to take a put trade even if we see some more down ticks. I would hesitate to take a put trade because you're going against the grain. I mean, it's a 16 point futures. Yes, it's up 16 points. And so that's not the real environment to take a trade on the put side. So we will be looking for only call trades this morning. Yeah, RSI is moving up, but RSI reacts to the price action. RSI is just strictly price action. It's moving up, but you can see it's in between this 40 and 60. So that is the time where you don't want to depend too much on the RSI reading there. A clear trend would be when it's either above 60 or it's below 40 or it's heading there clearly. So now we have a tick that is nice. It's 400. It's close to 400 at least. That is a good uptick. And so I would say this is and we have two green ticks in a row and I would say this might be a good time to get in. Let's get in. So 390, we are in on this trade. 2930 is the strike price. And this is for tomorrow's expire. So we'll watch this. Let's put the monitor here and I want to put not the spider. These are swing trades and so I want to move it over to swing. These are not executed yet. SPX is our trade here. So we are just mildly up on the SPX. Let's watch how the ticks play out. And this tick, so this tick is ticking down. Let's just watch this now. My God, we saw that move there. Look at that move. Look at that move. Look at that move. Unbelievable, unbelievable, unbelievable. So here we go. We have a profit of 425 already on this trade on a five contract position. 1100, I'm taking it. I'm closing it. That kind of a profit you don't want to mess around with. 710, I'm closing that. Some incredible volatility there. Now it's come down to 6.15. Let's change the order and SPX because this is just incredible. 610, no. What would be the mid-price here? Let's see. This is not where we are. Let's look at the monitor. We have, it's 590. So it just came down to three points right there. 585, even though it's a 975. So 585. So now it's 610. 620, I'm taking it. 620, 625. We should get executed. We should get executed. Let's see. It's actually gone to 6.7 here. Unbelievable. And up, and here Mark is saying 6.65. All right, there we go. It didn't give us a great price. It gave us at 6.2. And right now it's telling me the mark is 8.45. So when things like this happen, even the market makers get completely frazzled. They get completely frazzled when such things happen. And so that's why you see option prices just going crazy. So you see option prices going crazy. So that's why you saw these huge prices and things like that. So this was a $1,150 profit right there. We could have done better. We could have done better. You can see now the mark price is 7.2. But of course with day trading things can change any minute. And so you want to take the profit and move on. Now let's analyze the ticks. Now look at this. We are in very bullish. We are in very bullish. Now I wanted to take the trade. I wanted to take off the trade because this was a great profit. And so when you have a great profit, I want to take it off. But you can see now this tells you that you remain in this trade. You remain in this trade until shown otherwise. So we actually left quite a bit of money on the table. We left almost $1,000 on the table because right now the mark price is 7.9. But also this thing is coming down a little bit. But the ticks are very strong. You can see the ticks are over 750 now. 811. You can see this number here. 811. And the RSI is in bullish mode. So this is a trade that you could have just stayed in even now. You're in this trade. But I'm just doing it for demonstration purposes. So if you have a good profit from a trade, take it. But as you can see, you're still in this trade if you had gotten it. Wow, that was an awesome move. I totally agree. I don't know if some news came out. I don't think so. It was just pent up demand there. But the ticks gave us an early indication that it was going to go higher. So that's what it is. Do you always execute at market price instead of limit? I never execute at market price. I execute only in limit price. All right, banks have made $218 using this. Thank you, Hari. I should have stayed in trade longer. If you look at this signal, then you want to stay in this trade longer. Because it's telling you to stay in there until proven otherwise. So now you can see the market price is 9. So you can see how these... And I executed at what? 6.2. So I've left $2,000 on the table right here. Anyway, so that was just the first demonstration. So that's okay. But normally when you take this trade, you would remain in this trade because both these indicators are telling us that you've got to stay in this trade. All right, some softness coming, but let's see the tick. Yeah, there will be another trade. No, I'm not going to do it on the spy, but it's the same trade. You can do it on the spy. It's the same thing. So now you see a red dot here. And you can see from the 900 level, it's come down to 823 based on this particular bar's price action. So now once a certain time has gone after the open, the ticks are going to respond to each bar, whatever happens on that bar. Because there is a pent up action that happens in the first few bars. When I say a few bars, I'm looking at the one minute chart. So in the first few bars, the pent up action may drive the ticks in one direction, even though the price action may not show so. In fact, if you look at our first two bars, they were down, but our ticks are showing up. So whenever the markets open, there is that pent up demand or supply that will drive the ticks. But now at this point, I think we are looking at a very consistent tick here. And over here, now you can see again, the ticks have started moving up and we are at 952. We are at 952, RSI is telling us to be in this trade. So to keep my risk low, I'm going to go to the 2950, call, which is again $3.80. And if I take a trade, it will be on this. But let's watch the ticks for a minute and then we'll see. Ticks are still moving up, RSI is still persistent. But that doesn't mean we should neglect any of the chart action or the volume action. We shouldn't neglect it. So like for example, this bar, very narrow bar with low volume. And this one again, as you can see, there was some higher volume coming in on this bar. So this could be a topping out temporarily at least. This could be a topping out formation here. So you do want to put the chart price action and the volume also into some kind of context. But of course, trading decisions are driven by these and both of them look pretty good even now. This does look like a topping out formation for me, so to me at least. So we could be temporarily seeing a top here because I mean it's gone up 32 points. It's got to relax a little bit and consolidate there. So it may be doing that. If it has enough energy to push even higher, it could. But I think this bar here is a big red bar with some higher volume than the last three bars. So it tells me that there was some selling because it ended up towards the bottom half of the bar. But you can never say, there's some energy coming in there. And this is also slightly higher volume and you can see the price action is going up. So it's looking pretty bullish. Alright, let's get into another trade. That looked pretty bullish to me. So let's go mid price 390 again. Let's do it. Okay, I got a better price 350. That's not the 2950 is, yeah, 390. I'm going to take it as 390. Sometimes paper money gives a little bit of a slight advantage. Sometimes it doesn't. But also in very volatile markets, the market makers pricing themselves goes for a toss. So those are times you will want to take advantage of that. Good question. Do you always take trade out of the money? Yes. In the case of an SPX, we go for about anywhere from 25 to 30 delta because the SPX can move a lot. And as it approaches 50 delta, the extrinsic value of that option is maximized. And so that's when you want to take the trade off when it approaches the 50 delta mark. It may not approach the 50 delta mark. I'm just saying the ideal point would be a 50, 55 delta. At that point, its extrinsic value is maximized. So let's go take a look. What about we have here? No, I'm going to look at my trade price as 390, not 350. So we're just marginally up here. But what we want to watch is, are the ticks coming down? Is the RSI coming down also? That's what you want to watch. As of now, it doesn't look like it in minutes. The question is, what should be a healthy holding period for SPX? Besides SPX, anytime you're day trading, if you're going into hours, that signal is no longer valid. So if you're going into hours, you might as well adjust it and do something with it because the original trade premise is probably lost. So now you can see the ticks coming down and price action coming down and RSI also turning down slowly. So it's not time to get out. But if you see a second red dot, then that warrants some caution. Yeah, you can use it for the spy. You can use it for the spy. But don't use it for a stock is what I meant. No, it's not stupid questions. I tend to be a little blunt when something can be a very big mistake. I just tend to be a little blunt, that's it. So this one also turned green at the end based on this price action. So we are still good. We are in the trade. Nothing has changed so far. Let's see. It might change. So the tick is changing to red, but the bar is not over yet. Eric, do you sell all the indicators package? Yeah, I do. So we'll get into all of that. So as of now, we are still in the trade. It is showing a red tick at this point. But now the bar is over and it turned green. So now it's moving up again. So you're in the trade still. RSI is looking up, ticks are looking up. Ticks have gone to 1,358 now. So that's a very, very strong breath. And if you look at our day trading, now you'll see the very bullish right there. 90% is very bullish. So the day trading signals also is confirming that you have a very strong signal here. So let's see how our position is doing. Not a whole lot. We were in at 390, so it's only up about 30 cents so far. Yeah, Christina, this can only use on SPX or you can use it on the SPY. Now, I'll show you the indicator settings. And what you'll see is, here let me show it while we are just watching here. So if you look at the tick SPX, I have put it for the tick SP. And you can see that there are various ticks. Dollar tick is the New York Stock Exchange tick. Dollar tick slash Q is the NASDAQ. So if you wanted to trade the NDX or the QQQ, this is what you would choose. But in my opinion, I think the SPX is the strongest because it's got the top 500 stocks of the US market. So the breadth of that can be a very reliable indicator. Because the Dow Jones calculates it on 30 stocks, the NDX calculates it on 100 stocks. The S&P is 500 stocks, 500 largest corporations. So things that are there in the NASDAQ, in the NDX or the Dow Jones will also be in the SPX. So I find that the SPX is probably the best option to trade. Alright, so now we had one red tick here. We had one red tick here. Let's see, two red ticks here. Two red ticks coming in, but we're looking at a one minute chart. So let's see what our position is. We are actually just even. The mark price is 3.9 and we got in at, I'm going to say we got in at 3.9. So we are even on this trade so far. Let's see what happens. RSI showing slight weakness in its, but it's still in the bullish zone. So, you know, it's telling you to stay in the trade unless you see some persistent red ticks. So in the case of a five minute chart, I said if you see two red ticks, you know, it's time to take it off. But now we are looking at a one minute chart and so we got to give it a little bit more room. I would say three to four red ticks is when you would want to think of taking it off. RSI turning down based on price action, but internals still holding up there. RSI turning down for sure. Okay, so RSI is clearly turning. So the price action is clearly bearish. Let's see what's what happens to the tick now, even though it was a green tick. Now you can see the red tick coming in. Okay, so this one was 1238 and it's dropped down to 1093. That's a big drop. So at this point, you're thinking, okay, should I be getting out of this trade? But because this is a one minute chart, we have to give it a little bit more time. And you can also see the chart, you know, the topping out pattern is very clear. No, RSI question is, does the RSI always lead the tick? No, RSI has nothing to do with the tick. RSI is based on price action, whereas tick is based on market internals. Here you go. If you're seeing a red arrow come in, it's time to take it off. Or you can do some hedging if you want. I would say the mid price is 350. Okay, so that's a loss of 200. That's okay. We may get a better price. It's moving up actually. So I'm going to cancel the order. Let's just wait for this tick also. Got three seconds left. Let's see how this tick, this bar ends. Yeah, it's still looking weak. That bar ended at 1106. So that is low. So it is time to take off the trade. Mid price is 350. I'm going to take it. We may get a better price. 355 is the mark. 350 ticks are back up. So that's what I mean. So when you look at a one minute chart, when you look at a five minute chart, I'm saying you look for two bars. So ideally when you look for a, when you're doing a one minute chart, you might have to wait more than five or six bars so that you're not shaken out of a trade that easily. I would still recommend trading based on the one minute chart, but at some point in the middle of the day, it would help to move this chart to a five minute chart. Right now, since the market has opened, I think for the first one hour or so, it makes sense to stay with the one minute chart and then we'll move on to the five minute chart after that. Question. Do you prefer to do the trading when the market opens so as to use the pent up demand volatility? Yeah. In general, it's a good idea for day trading. However, there is also a lot of fake outs. Okay. So it'll, it'll be volatile. It'll suddenly take it down before it takes it up or it'll suddenly take it up before it takes it down. So you do want to watch for that. But when there is a persistent futures activity, like, you know, we saw it was up 18 points. In that case, yeah, you know, it makes sense to, you know, take a trade at the open. Now with stocks, it's a little bit more trickier because not every stock is going to react the same way like the futures. So you can see the tick value is 1228 right now. I'm looking at this number, this green number here. 1228, not bad, not bad. But we need to see the RSI also tick. I mean, to start pointing upwards. Right now it's sort of flash, flat to slightly down. In this case, okay, question. Do you always do in the closest expiry of the option chain? Yeah, because you don't want to take this, these kinds of trades overnight. And so, you know, the plan is you get out if the trade is not working against you, you just get out, you know, take a small loss. It's very good. But because in this case, because of the signals and the accuracy, it lets you stay in a trade for long, your winners are going to be much bigger than your losers. So once again, some softness coming in. So 390, 415, okay, 25 cents, you know, fine. I'll take it because we're just doing for demonstration purposes, 410. So this is about $150. There you go, you got 420. So once again, it's just for demonstration. You can see the RSI coming down and also some, you know, just some topping out going on over here. So unless it takes out this high now, there is no reason to look on the bullish side because it's up 35 points already. So it needs to take out the previous high of the day in a convincing manner like this one did. This was the, you know, previously, if you remember, I said this could be temporary high point, but this one on much higher volume than the previous two, it took out that high. So unless that happens here, we don't want to get into a bullish trade, especially given the RSI's, you know, shaping downwards. But, you know, it could be one of those days where the market just keeps on going higher and higher. You know, we never know. So anyway, so I'll pause it here. Let me put this on MarketWatch so you can also see how the day trade signal column is correlating to the ticks here. So I'll be watching. I'm just going to put it on pause and you guys can feel free to take trades even from the day trading column. All these stocks are in very bullish mode here. Yes, question, can you do it on put options? Yes, of course you can do it. The, you know, obviously the market has to be a bearish day for you to do it in put options. Right now today, we're not going to look at put options because, you know, it's a very bullish day. All right, question before that. If signal not clear, do you use vertical, turn it into a vertical then butterfly? You could do that, Eric. You know, we're dealing with a very short expiry. So, you know, in this case, this thing expires tomorrow. If we go into tomorrow, you might be trading tomorrow's expiry itself. So trying all those fancy things. I mean, this is not, you know, this is not the forum to do that. I mean, you can do all those trades. All those trades are great, but you don't want to do it with using these signals or using, you know, this kind of a trading system. All right, you can see that, you know, the ticks have dropped and this has come down over here. Now, even though it might go below the 40 into the bearish zone, you know, do you really want to take a put trade? No. I mean, look at the futures. It's up 32 points. If you take a put trade today, it's going completely against the grain and that trade can blow up any minute. So, and here you can see the market watch also. The very bullish is reducing. Okay, so I'll leave it here. You guys check it out and then I'll be back. Thanks. Yeah, so as you can see now, you know, it's moved, it's clearly persistent in the red. And so, you know, at this point, you don't want to take a trade. You want to see how things go and you want to see, because you're looking for bullish trades today. There's no question. There's no point. And so, there's no way they're going to get into a put trade today. You take a put trade and a call trade on the same day when there's uncertainty in the market and it's either mildly up or it's mildly down. That's when you take trades on both sides of the option chain. But today is not one of those days. Today we're going to take only call trades. And so, we'll be looking for call trades. So, right now, there is no call trade here. So, we'll just, you know, keep it on pause. All right. How do I add the day trades column? That's again a proprietary custom, you know, indicator that I've created, Jerry. So, and you know, you can be part of the day trading service and that's a webinar every day. And basically, okay, while we are watching this thing, I'll tell you, I'm planning to integrate this also into the day trading service. So, basically, when we do the day trading webinars, we'll look at this as well, the tick SPX as well as the day trades column. So, we can take trades on either one, okay. One, how can we get the indicators? And yeah, I just mentioned that, you know, if you join the day trading service, you'll be able to see it on my screen. Now, if you want to get it on your computer, then I do sell these and you can send me an email and we'll talk about that, okay. Yeah, sure. All right, I'm going to leave it here, guys. It's, you know, there's no trade right now. So, we'll just leave it here. I'll be checking back in, you know, in sometime maybe half an hour or so. Thanks. Hey, folks, I'm back. As you can see, the, you know, the markets are just going flat right now. And so, there is no trade even though some optics seem to be coming. There is no trade. There's no real good trade at least. But, you know, they'll come up as you go along. So, I'm going to change this chart to a five-minute chart and let's watch how the five minutes are going. So, you can see if you do the five-minute chart, this is what it looks like. And so, you can see even the RSI, even though it's remaining in bullish, obviously, because some very strong price action here. But in terms of there being a trade, I don't think so. Whereas, if we change it back to the one minute, you'll see that the RSI is not in the very bullish anymore. So, you know, in some sense, doing the SPX intraday trading, it's better to be in the one-minute chart for some more time and take it from there. So, now, slight bullish uptick is coming here. So, you know, you might want to think of a trade. But in general, the way this entire day trading signals work is I'm usually here for the first half an hour to one hour and we'll do a couple of live trades. And so, that's what you can expect. So, I'll be sending out an email with the recording for today and, you know, I think all week we are going to do this. So, you know, just a demonstration of this. And so, feel free to join in from tomorrow also, Wednesday, Thursday and Friday. The next three days we'll be doing this with this SPX intraday tick signals trading. Okay. All right. Thanks.