 Good afternoon everyone and welcome welcome to the stocks will show live I'm going to do a market review here at the spy and I guess I'm going to do one in the QQQs as well then after this in a separate video I know everyone now probably Watching this market Thinks that this is doing a major correction or is going to do a major correction that this is the start of a major Correction that we're going to have a big correction and the market's going to come in I Don't I don't see it. Okay. Now. Let's just go back in time here The market rallied up here made new highs came in okay rallied up here completely reversed a hundred percent this bearish gap down That happened back here in July is the middle of July rallied over this followed through hire gapped up made a new high Okay, everything looks good never got to the $200 number I said it would go put in a less than a buck of that number here. This is July 24th Market failed in a buy set up here And this was a sign then the market was going to have some kind of pull-in. I thought it would hold better in here It didn't how did I know market gap down here mark gap down here and actually fell this day I actually had you know pretty much a power trend bearish day in here back on the 31st You could have shorted, you know a million things actually made money here in this day This is 31st was last week But I really was surprised to see that gap fall in there and was wondering if it was going to have the thought for a hold Well, the next day got up Market gap down and I thought it would hold in here But we tried in the morning. We failed. We ended up closing neutral and the next day We gapped up gapped up here held yesterday I did call this accurately yesterday as far as the hold had a nice green day rally You could have bought the market didn't quite get up to 194 50 or 195. It had a nice move But the market would gap up this morning We didn't have the energy to do and not only did we not there to get up We actually got down the market did gap down close the night before last night at 193 89 and got down got down here at One where did we open 193 10? We got down like 80 cents So to have a look a bit bearish this about this morning in the way we were gapping But I still thought that we had a potential to hold today Let's just look at how we did trade here for most of the morning Pretend you didn't see this This is all here in the morning. We held we held we held we held we held I thought we just hold neutral basically holding not really going anywhere higher But not going lower holding here today But then something came out about Russia and going worth you terrain There was negative news out there and then the market fell the market fell broke the loan has happened late This was late 130 in the afternoon is late for the market to make any kind of move like this And 130 is not any type of major reversal time It was just a reaction then a renewed reaction that happened and the market was hanging on Not great today. I mean it was hanging on but not like amazingly well or anything Like the market was gonna rally up over yesterday's high in the afternoon even if this news reaction hadn't happened So any instigator to make the market fall in here because it was showing having us today It just it didn't need much. It didn't take much. It didn't need much I didn't take it at all and it just went okay It was a quick move down though into an area and bounce now. I know we broke Alright, I mean the numbers are showing that we actually broke under 57 here, but this counts as a hold to me Okay, this is what I would look at as I hold Okay, and I just know we're not gonna break this bearish this a bullish gap So this bullish gap that happened back here at 527 the low of that gap is 195 and I we're just not gonna break it We are just not gonna break that gap and we are right there So this is the end of the bullet and I know that people are thinking everywhere in the planet that the market's gonna come in And it's gonna come in and it's gonna keep coming in it's gonna come all the way in here could that happen Yes, it's gonna happen. No, I don't think so. I believe this bullish gap significant here that happened on May 27th I believe this holds this market up and we're I guess we're gonna wait and see you know to be honest with you We're gonna know tomorrow It's not gonna take long to find out Because we're gonna break lower and break that gap. We're gonna do it tomorrow And we'll even gap neutral gap down and fall but I think that we hold So we'll have to find out and see where we got tomorrow and I'll read the gap in the market tomorrow to know Okay, tricky times in here because everybody wants to start shorting people are short this market now There are people that are short this market now people that shorted this gap that happened here And there was some follow-through and I know people shorted this in here and for all intents and purposes This looks like a daily sell set up where the market triggered in here today when it fell when it fell in 195 the market looks like it's triggered in daily sell so that the market really isn't triggering on a daily sell set Because this market's going to hold it's gonna be a fake out and my read on this is that we hold now after today And I know I said the yesterday and I said the day before But that's my read on this that this is the end of whatever correction would have been and I thought there would be a very Small correction if any or really not anything would be like one red bar or two red bars like I thought that would be it Like I was even thinking this was the end that was it that was all the correction We're gonna get now we did get this nice gap that happened in here that fall through the day But this is it buying is gonna step in this market here And I don't know where but I do believe it's soon now because I'm looking at this picture here And I know people think we're gonna break people think the market's extended people think we're gonna break people Then we're gonna fall under one ninety one eighty eight one eighty six people even think we're gonna get down to 180 People think this market's gonna break. I don't see it happening I don't see it happening if I see it happening in a gap in a gap that happens I get up tomorrow morning Wednesday morning Thursday morning Friday morning I'll read it live time in the trading room and I'll see it live But I don't see that happening here as of the close of business today My read right now on August 5th at 4 o'clock Eastern time the way this buy closer today is gonna hold and that sounds crazy Because of the way that we traded with a red bar today But I think this is the end of whatever Correction or pull in the market was going to get and I don't even think it would be this big Okay, so this is like plenty here. We are still gonna get up and making a high We're still gonna get up and hit the number over 200 We're gonna hit that both the number 200 and when we do make a new high It will blow through all these people that are short in this market now That should not be short this because the market's in an uptrend and the market is strong and this gap that happened here was Temporary not permanent meaning doesn't break this chart in any directional bias that moves it down Could we come all the way down here? Yes if we did with a market we bearish. No, no it wouldn't but this is a stronger hold in here So that's where I'm looking for it to happen. Could we have held in here? Yes Was this is how important of an area as this no If you don't know how to read gaps you wouldn't even know what you're looking at here Which I do so I know what I'm seeing and I guess we're gonna find out tomorrow It's really not gonna take long, but my call is here that this market holds after today And I said the last two days, but this is actually doesn't count is great I was a news reaction thing that happened today at 130 and that's it Okay, and people are just desperate to short this market anyway So anytime something happens like people at one is short to short But I'm telling you the the longs the bulls are gonna step in they're gonna come in they're gonna Come in and they're gonna come in hard. Okay, and Beautifully whenever it happens. So for those people like to go long We know when you know how to read this here There'll be a position or in placement to go long in here soon To get the market up over a new high But you know, honestly people don't want to go long should be long in this market anyways And everybody that's taking profits out here on these red bars with markets coming in that are selling out of stuff It's gonna be sorry because I did say a couple videos ago I said it in a bunch of videos actually back in July and maybe even in June and now here We are in August again timing is always something because I'm reading stuff in real lifetime I trade every day and I read the gaps and I read the market trading in live time I'm very good at reading it live to see what's happening if something changes if it does this it does that But I must have really good at seeing what's gonna happen in the long term although the long term I can't always predict the exact day as I'm is gonna hit the target in the long term But I'm telling the spy is gonna hit over 200 and everything I said in the prior videos It's still intact the market is gonna hit some crazy number this year before the end of the calendar year The market is gonna go so I hit some crazy number that no one is gonna expect No one is even gonna think it was even possible Market is gonna blow over 200 and rally up to some crazy number I don't know who and but it's going to do with this year And it's gonna be something that people will not expect and the way that this is shaping up here Okay, is really giving people an air thinking that this market is gonna turn or has turned Which it hasn't or people gonna think that it is gonna turn which it's not and that's gonna bring in people making some decisions here that You know, I think you're gonna be problematic because no one should be shorting this market But people are people definitely aren't you have to know what you're doing when you trade I can't I cannot you have to know how to read price. I mean, I actually was called somebody Dave at the class and The man said he couldn't talk he was he was in so many trades in the market was falling like a brick And he was in all these trades. It was panic I mean utter panic was in this man's voice like you think that someone would have had a gun to his head at the time That he picked the phone when I called him That's how much panic was in this man's voice He must have been in trains in the wrong direction and I don't know if he didn't have stops in I have no idea What was going on but the man sounded as scared Like as if a line was attacking him or somebody had a gun to his head I mean, that's how scared this man was on the phone. I felt bad for it But, you know, so I quickly got off the phone with them But anyways training is one of these things where if you want to trade and take risk You absolutely without a shot of the doubt have to learn what to do I never never traded fear and I don't trade like I'm scared and and I'm not worried Even if I take a position if I get stopped out and I lose I know what I'm gonna lose in it And I have a stop in to hear that panic in that man's voice we're so many people are training and they have no idea what they're doing and it's It's actually shocking to me actually It's actually shocking and That kind of panic it hurts your physical body hurts your emotions That kind of stress I would never want to trade if I felt like that kind of stress when I take my trains I have conviction in them. It's not stressful. I do them. They either work or they don't I'm not in a panic mode I could never treat if every single day was panic mode or even two out of three out of five days at a month We're panic mode. I'm fine with the risks that I take. I'm fine with the trades that I take I believe in that and when one or two don't work. It's not a big deal Train and relax fashion and Julie what you're doing. This is fun people. It's fun Okay, and if it's not fun, then I don't I don't know why some people do it I would never want to stress myself out like that. Anyways, this is gonna hold and Don't train unless you know how don't risk money in the market It's your harder money unless you know how and I'm teaching people how to do it So if you want to come learn from me, you can email me my email list Melissa at the stocks wish calm We'll see how the market gaps tomorrow morning. They'll tell me a lot here But by reading this right now the close of business on August 5th is the market holds here This is the end of this move here this down move and the markets gonna do something could even do it in the gap tomorrow And it's the classes this weekend email me and Melissa at the stocks wish that plan if you'd like more information to sign up for the class Talk to you later