 What's up guys, this is Alex from Xtrades, back to you with another weekly trade ideas list. If you're tuning in for the first time, this is a weekly video we put out where we go over a couple individual tickers and whether we're looking for calls or puts on it. And then we also go over the indexes, the DXY and the VIX. But if you're also tuning in for the first time from YouTube and maybe you're not in our trading community, I wanted to remind everybody we do have an application and a web platform called Xtrades. So we are a trading community. We don't just make YouTube content. We have a Discord and we also have our web platform and app. And I wanted to show you real quick just some of the benefits that you can get with using our app. So you see here on this first page, this is my profile. So each person who signs up or each person that's a part of the community, they get their own profile. And you can also track your own trades, your own alerts. Other people can follow you. It's kind of like a social platform, but for trading. So you can see I got my location here. I'm located in South Carolina. I got my total alerts, followers following, date join, yeah, statistics. So I got almost 1,100 trades here averaging about 9% per trade with a 67% win rate. If I go to alerts here, you can track your own alerts. It'll give you the win, it'll give you the loss. Also tracks how many days ago you took the trade. You also have a little sentiment section here. You can give it a thumbs up. You can look for a trade update or you can make a comment. You can even go to open alerts only. You can see right here I have a UAA position open up, long-term position, no options open at the moment. You can see from last week we had LUV and WBA calls actually in our last video. I actually alerted those on here. So if you're interested, really come check out this app. It's great. Kevin's done a great job behind the scenes and he's put a lot of money into this app and the community loves it overall and I use it every single day. And even if you're a beginner trader, you're an experienced trader, this app is great because if you're experienced, you can track your own trades. You can post your own analysis. You can try to help people out, but then if you're inexperienced as well, you can follow people and eventually you'll be able to track your own trades and maybe put out technical analysis and stuff. I mean, there's a bunch of stuff on here. We have a feed here. So this is kind of the social aspect here. You see posting from Discord. It's actually our Discord is connected to this app. So when you send a message in Discord, it's going to send over to here right now. And you've got people posting analysis. It's kind of like StockTwits, right? I mean, we've got a little trending board right here. We also have a leaderboard section. So you can see kind of who's been killing it for the week, for the month, for the day, whatever you want. If you go up to sort by, you can look for, you know, previous week, month, year, all time. And you can see who's kind of just been killing it on your specific time period. Another thing we have, we have a little like shop set up. So this is, this used to be called the X hub. Might just be called shop now. But if you make your own, let's say you code or you make your own indicators, you can actually post them on here and people can buy it. X-rays is kind of the middleman for that. If you want to make some money off your indicator or whatever you want to do, you can post anything for free. I actually posted some back test results and a little strategy that I use. I posted it for free here. You can see some people post their indicators for money. Some people don't really ask for much either. So you can find some cheap stuff on here, some more expensive stuff, some free stuff, whatever you want, indicators, scans, scripts. I think this is still in beta. This is the options flow. So you can see it's kind of like your standard options flow. You got total flow sentiment, call to put, put flow, call flow, and then pretty much just real time options trades that come through. So just go to app.xtrades.net. And if you're not signed up yet, you will have to sign up, I believe, to kind of get the benefits of this. You might be able to get some benefits on your trial because you do get a free one week trial with us. If you go to our Discord, you go to our Discord. A lot of the stuff that you see in the app is also in here. But eventually, hopefully we're going to branch out to the app. But you can see we do have alerts, staff alerts, regular member alerts as well. Just a regular main options chat. So we are at Discord chat, but we're also an application looking to be a big web platform as well in the trading space. So definitely go check it out app.xtrades.net. If you go to the description of this YouTube video, I have my invite link and you can click on that and you can sign up if you want. And if you go to the Discord as well, just message a moderator and they'll be able to set you up with a free trial. You get seven days. You'll be able to get alerts, whatever you want. So just make sure you message the mods. You can get the exact pricing. Go to our Discord. Check it out. And just know that you're not just getting a Discord channel. You're also getting this awesome app. So I just want to give a quick reminder on that. Let's go ahead and get into our weekly video. The first thing we do is just go quickly over the economic calendar. This week, we do have Jerome Powell coming out with interest rate decisions. So we got the FOMC meeting. Fed Futures are pricing in a pause, I believe. I believe that's the highest probability. That's going to be a pause. So these two data sets for Monday and Tuesday, probably not going to move the market Wednesday is going to move us the most. And then Thursday, we do have initial jobless claims as usual. We have the Philadelphia Fed Manufacturing Survey. This can definitely move us. It just depends. I would say existing home sales would probably move us the most. That's going to be at 10 a.m. Friday, we have Fed Governor Lisa Cook speaking. And then we do have the PMI. So we got services PMI and we got manufacturing PMI and then a couple more Fed speakers. So the PMI is probably the second most important. Your first most important. Obviously, Jerome Powell and the Federal Reserve and then your PMIs on Friday. So that's the economic calendar. Just pay attention mostly to the FOMC on Wednesday and then the PMIs on Friday. And I've been adding this little section to our videos as well. We'll go over the Almanac, which is kind of just ties into seasonality. So you can see September, Monday here, we do have a bullish icon. If you didn't know, the D stands for Dow, S is for S&P and is for Nasdaq. So Dow is showing a 81% probability for the chance of rising S&P 71.4. Nasdaq 81.0 as well. So historically bullish day on Monday. And then you can see Tuesday here week after September triple whiching Dow down 24 of the last 32 years. Average loss since 1990 is 1%. So we do average a pretty negative return since 1990. So it looks like Tuesday could be a little bearish. We don't have the bear icon, which is interesting because these probabilities are pretty low. And you can see the Dow, S&P, Nasdaq all in the forties. Then Wednesday, obviously the FOMC meeting doesn't look like there's any bull icon or anything. Probabilities are neutral. You got Dow in the fifties, rest in the forties. Thursday, historically bearish. We do have that bear icon. So you're going to get a bull icon on the most higher probability days such as Monday, and then you're going to get a bear icon when it's lower like this. Likely because the S&P is in the thirties. This is a historically bearish day on Thursday, the twenty first. And then another bearish day on Friday with very low probabilities. Dow in the twenty eight point six S&P twenty eight point six Nasdaq thirty eight point one percent chance of rising. So very low probabilities for Thursday and Friday. So that's the Almanac. If you want to go get one, just go to Amazon. You can type in stock Almanac. You can get the most updated one. It might be for twenty twenty four. I'm not sure if they came out with that edition yet, but they come out with a new one every single year. So go check it out. Nice little calendar. You'll get pretty much a page for every week. And then there's also other data in there for seasonality. All types of cool stuff in there. I think there's even a trading journal in there if you wanted to write in one of those. All right. Now let's go ahead and get into the individual tickers this week. I do have three. So we're looking at Google first here. We do have somewhat of a bearish position forming here. I mean, we have a rising wedge forming, but it's unconfirmed. If you didn't know a rising wedge is a bearish pattern, but it's not going to be confirmed until the lower trend line is broken. So it had to break under the lower up trend line and start closing under that in order to confirm the rising wedge. But I'm more looking at this trend line resistance here. So you got to test one, test two, test three. This would be the fourth test. It did kind of reject it on Friday. Friday was very weak for all the indexes. SPX was down about 1 percent. NASDAQ 1.7. So very weak day. Even the IWM was down as well. VIX even spiked very heavily. It actually hit that support that we've been covering the last few weeks. We'll get into that later. But Google here looking pretty good for a potential put trade. Just looks like a classic rejection off the top of the trend line. Maybe we can come back down to the bottom piece right there. And they'll try to hold up at the up trend line. It's probably about as far as I could see it. I don't really know if it's going to eventually break this. I would have to see it close outside of it first. Then I could project it going lower. You know, the max I can maybe see is like the 130s somewhere around there just because I mean, you got a pretty good resistance here that acted as support right here at the 133 level. It looks like there's a Wicklow at 133 flat or about 132 80s or something like that. So I'd have to break under that as well. And that would kind of go, you know, hand in hand with the up trend line here breaking as well. So that could be a trade whenever the up trend line can break. That's going to be another trade of its own. But right now we're just focusing on this rejection of the top line. They'll go for a move back down to the bottom line. Simple as that. You can see MACD is actually still positive, which kind of showing the momentum is still positive. If we added the moving averages as well. The nine and 21 is probably still holding. You can see it's very clean up trend. That could be an issue as well. So you want to be careful of that. Shorting above the nine and 21 combo can come with some risks, but it can work for short term moves. Like you see here, hit the trend line pulled into the nine and 21 combo and then just kept holding. But it did have some slight resistance here. So it's not always bad to short over the nine and 21 combo. But it looks like, you know, this is the fourth rejection and it could have a little pullback maybe into the 21 max, which is the second one right here. This is actually a nine and 21 cloud. So it's not just individual moving averages. It's the space between the nine and 21 that fills up as a cloud, just kind of like as an aesthetic to kind of give you the trend. It's going to be green if it's trending over turn red down here. If it's, you know, trending below. So that's for Google looking for a move back down to the upper trend line, maybe the 21 down here. Yeah, so we're looking at puts on that, looking for some downside. Historically, seasonality is not great for next week. Going to try to look for some shorts next week. Still willing to buy the dip, though, on an intraday basis, but on the hard time frame, it's kind of starting to look for, you know, some slowing going into October or at least for the rest of the month. All right, next, we're going into Baba. So this is a Chinese name. The Baba here actually has a gap that I'm on. You can see it right here. Just waiting for my computer to load the laptops very slow lately. So you can see this is our gap. That's going to be about from 86 sixties down to about 83 nineties. It's not entered the gap yet. So what we're going to do, we'll add a horizontal line here and then we'll actually take that. We'll right click it. We're going to add an alert at it because this is your gap support. Once it starts getting under the gap support, that's going to confirm that it's starting to enter the gap. And then you can start looking for a gap flush. So we'll name a gap, a create. And now we have an alert set. So that way, once it starts getting below this 86 63, which is the alert level we set, we can start looking for a flush to the downside. You can see the MACD is also negative. So that's a pretty good sign. Momentum is maybe shifted a little bit lower for now. Obviously, once they got this little crossover up here, only lasted a couple of days. So the MACD is not, you know, the most accurate momentum indicator, but I have been using it a little bit more recently. I switched between this and the slow stochastic. The slow stochastic is also good for crossovers. It's a little bit less lagged, but I have been using this for day trading because the range has been a pretty big intraday, at least for this week. It's been a lot of back and forth. So I've been kind of using the MACD intraday a little bit more to kind of give me an idea of where the trend is opening up or it's about to close. So Bobo here, I'm looking at puts. You just need to wait for that 86 63 level to break. So we're waiting for that gap support to break. Once it enters there, we could probably look for a little flush to the downside. So Bobo looking at puts, just be patient. All right. And last but not least for our individual tickers, we're looking at TOT here. I'm going to go ahead and get rid of this volume real quick so you can see the drop based rally demand zone a little bit cleaner. Let me get rid of this little alert too real quick. So this is actually a pretty nice drop based rally demand zone. It's obviously going to need to pull into it a little bit more. We're not quite there yet, but it is getting there. Obviously with the drop based rally demand zone, it can hold up pretty well. It's almost like your counter trend reversal type demand. It's not your trend based demands. Your trend based demands, obviously, you're just going to be like a rally based rally. This is more of your drop based rally. So this is more counter trend and you are kind of trying to pick the bottom off of this type of demand zone. So we will need to wait for it to get inside of it. Maybe if the general area starts holding up and it starts getting back over, say 9350 or so, it starts getting over that line right there. It starts getting over that line right there at 9350. That means that, you know, the general area is holding up and that'd be fine to start looking at longs to the upside. It just need to reclaim over that. But either way, if it can pull back into this a little bit more, that'd be great. It's going to give a better entry and it'll give you a tighter stop maybe because you're going to be setting it under probably 92 or so for a stop loss. But either way, you're kind of entering a little bit lower. So your stop will be tighter, but your total reward potential is a little bit higher as well. So we actually had LV last week for a drop based rally demand zone on the one week and we made some money off of that. I ended up waiting for it to dip a little bit further into the demand. And it did actually hit the demand zone low and it ripped right off of that. So we got a nice 30% trade that I showed you on the Xtrades app there that I alerted. So I'm hoping for a similar situation with that. Pull into demand a little bit. Once TLT gets inside, then we can look to buy the dip. Kind of a contrarian trade, right? Because, you know, bond yields are going higher and bonds are kind of getting slammed lately. If you didn't know, this is actually the 20 year. So this is more of the long end of the curve. But either way, it's going to move pretty similar to other bonds like the 10 year, the five year. So TLT here, I'm looking at calls. I just want to wait for it to get inside of demand a little bit or wait for it to get over 93.50 if it can get over that. You know, there's a pretty good chance that you're going to start reversing to the upside with the FOMC coming up. Obviously, the first two days, Monday and Tuesday, it can be a little bit choppy. And then after the event comes, that's when we start kind of making the trend. It's pretty much like that with any data set, which is why we cover, you know, the important economic data coming up for the week, because those are the times that you want to be paying attention because we're pretty much moving strictly off data lately. If the Fed is data dependent, we are data dependent as traders or investors as well. So the data dependency game is going to keep going on, you know, for a while, at least till the Rayite cycle is over, you know, and they start cutting rates and the Fed admits that they're not really paying attention to the data anymore as much, you know, to the public. So that's for TLT looking at calls. Just make sure it maybe dips a little bit more or gets over 93.50 before trying to enter. All right, now we'll go ahead and get into the indexes. So the first thing we go over usually is the S&P 500 or the SPX. So last week, I wasn't really looking for too much because we were kind of still mid range. We actually closed basically this is Friday's candle last week. And we close right down here. So we basically closed the same general areas we did last Friday. This Friday was just a little bit more aggressive, obviously, because last Friday closed up basically flat. This time we closed down one percent or more. If you didn't know, down Friday, down Monday is a real thing. So the trend can continue on Monday. And that's kind of an issue if you're looking for longs. But the good thing is once it starts dipping into Monday, usually we'll see that turn around on Tuesday. So you'll see down Friday, down Monday, and then you buy Tuesday. It's kind of a common pattern that we see pretty frequently, depending on how big the trend is on Friday. So the main level we're watching this week, obviously, is 44.30. It's going to be last Thursday's low. It would absolutely need to hold that. You can see it kind of rejected this general area as well. I can even show you on the Fibonacci retracements. We actually rejected the 61.8, which is also known as the golden ratio. And this is usually the Fibonacci where everybody watches. I mean, everybody's looking for a trade off the 61.8, whether it's in a downtrend or uptrend. This is a down measurement. So usually you're looking for rejections at Fibonacci levels, unless it's backtesting. Like this was a backtest on the 38.2 that could give a good long. And also this is kind of a little backtest of the 50 area, but it closed under. So the 38.2 is a better backtest trade if you're going to trade off of a down measurement. Otherwise, usually looking for rejections in a down measurement. And that's why I believe the 61.8 rejected so well. It rejected the general area over here as well. This area is definitely an issue. This 4503 or probably just call 4,500 is an issue. Even got really close to getting up to this downtrend line. So it could be why we rejected it just a little bit short of that. You probably even draw it like this now. You got test one, test two, test three. That way, if it ever comes back up here, we'll know that the downtrend is there. This is also a new little supply zone, even though it's not that great of a supply zone. This is kind of a rally based drop sort of type of the supply zone. So we'll have to be careful of that. If it gets back up there right now, we're down more near the 4430 level. I believe it could pull maybe a little bit further into that and I could try to hold up there. But this is very similar to last week. We're mid range. So the setups are not as great. Another thing we're also breaking under the 9 and 21 EMAs. You can see we were under it last week briefly. But once we got this close over and started backtesting it right here, we actually had a pretty big green day on Thursday. So I believe this little backtest of the 9 and 21 is what got us up here because the overall structure was still holding. Now we're broken under that. You can see we closed down here. This is the 9 and 21 cloud right here. So we're back under it and that's not a very good sign for short term momentum. That's why I believe maybe we could pull down into 4430. So another 20 points or so and maybe try to hold up there. And that could be a good support play. But otherwise, I mean, this is not a great area to enter anything really. I believe the best place to enter, like I said earlier, was probably that 61.8 if you're looking to short. You'd probably want to have entered about there. So now we're down already 1% from that area. So maybe not the best area to short yet. If you want to short, obviously you're going to want to wait for structure to break. That's going to be under 4430. If they can break under that, it's a pretty good flush zone back down to the mid 4300s. Probably down to this demand that we actually were looking for a bounce off of prior. So if you can get back down here, that'd be great. I'd be willing to buy the dip again for swing trades, at least. And I'd be looking for, you know, more of a broad market rally. But right now we're mid range and there's really nothing too much here. If we can get down to 4430, obviously they look for a dip by there maybe short term. But I really need to see us start closing back over the 9 and 21 cloud or just the 9 and 21 EMAs. If we can start closing back over that, I feel a little bit better by just going back up. But obviously this little breakout here over the 9 and 21, this is a fake out. So this didn't last long at all. And it actually invalidated the trend, you know, on Friday, once we started closing back under that. So maybe just like for a move down to 4430 and you could look to buy the dip about there. But otherwise, there's really not too much on this right now. I mean, we have a short term downtrend kind of established here. So maybe we could send send it lower. I'm not exactly sure. It honestly looks like it can go just a little bit lower, just to this little support at 4430. So that's probably about as far as I'm looking for right now. I would need to see how it reacts to there once we got down there. If it can break under that, I feel a lot more bearish, you know, heading down, you know, to 40, 4340s or so, another hundred points. If it can get under this level right here. So that's for the SPX, just watch 4430 very closely. Obviously with the Federal Reserve coming up, it's a coin toss. So, you know, they could say literally anything in the market can do the opposite. It just depends on how people interpret Jerome Powell's mood and how he's talking, how hawkish or double she sounds. So that's for SPX, just wait for 4430 to get tested or just the general area. If you could look for the general area to hold up, maybe look to buy the dip there, but I'm not looking to buy it right here at the moment. All right, next we're going into the NASDAQ or the QQQ. So last Friday, we closed about here and we closed a little bit lower here this Friday. So we definitely closed lower than we closed last week. It's a very choppy week, just like the S&P. I mean, we really didn't go anywhere as you see. Once we got over that 3270s area that we've been looking at, this little cell imbalance high. Once we got over that, there was some positive momentum and there's actually a little back test trade off of the zone right here and it bounced right there as well. But you can see, I mean, it's just very back and forth. So you had to be very careful last week and it's very easy to get whiplashed around and stopped out. So the past couple of weeks, I haven't really been looking for too much of this area just because I know it's really not a major area for support or resistance. Your major areas and your extreme areas are going to be down here at this demand and more up here at this supply. So we're right here currently. And this is why the past couple of weeks, I've been a little bit hesitant and a little bit more wary on kind of throwing out where I think it's going to go because there's really nothing telling me much here. And all you can do is just focus on these, you know, little short term levels. And that's going to be at this, you know, 3274 that we've been looking at. And actually now this little 36915 area, which is this low right here from Thursday last week. But I feel like if we can get down a little bit closer to 36915, this area could potentially hold up as a little short term support. We could try to day trade calls off it, maybe. So I would definitely mark this low on your chart and just pay attention to this general area, obviously, with, you know, down Friday, down Monday, we could see a little bit more continuation lower on Monday. So you want to be careful of that. And, you know, we could be looking at, you know, shorts again on Monday. But this is a pretty big candle down for one day. It might need to rebalance first before trying to go lower after a big red candle like this. If you look at a lot of candles, I mean, it does that a lot like it'll have one really big red candle. You'll see a short term rebalance or bounce and then it'll try to go lower. It doesn't just go straight down all the time. Obviously, these three candles right here was a nice straight down line, but it would really need to get under 36915, which is that low we're focusing on if it was going to start flushing heavily. I feel like this area down here, this demand that we covered last week, I still feel the same if we can get down to this area in about 367. That's a great area to start looking for a bounce. Maybe either for day trades or swing trades, honestly, because this is a one day level. So I feel like this area could bounce. Obviously, that need to go a little bit lower. So you'd be waiting. And maybe there's not a trade here right now, but you do have 36915 in short term support. So if it can bounce off that, that can make a good day trade as well. For swing trades, I don't really see this being a great area to really enter anything. I mean, obviously, if you buy time on options contracts, you can really buy anywhere and deal with any upside or downside risk, depending on your bias or direction. If you're going with a call or a put, if you buy time, you can deal with more back and forth and you can deal with more whiplash and not have to worry so much about getting stopped out fast. But if you're looking for more optimal entries, obviously, you're going to want to add the more extreme areas. That's going to be at this demand down here. Like we were looking at a couple of weeks ago in August or a little bit closer up here at the supply. If you're looking to short these mid range areas, a little bit more wary, definitely want to be a little bit more careful because the market is still trying to establish itself. You can see there's actually a little uptrend line right here, too, as well. So you got to test one, test two. It's actually a test three. So this area could hold up. I mean, I didn't even notice this uptrend line until now. Obviously, it hasn't really been an exact third test yet, but the general area can still hold up and it would still count. So this 36915 and this uptrend can hold. You can see this little selling bands can feel back up and it just keep, you know, staying in this little chop range going back and forth up and down. But if you start seeing a break, this little uptrend line and 36915, just start looking for a move down into that demand of 367 that I was just showing you and expect a little bit of a move lower. But definitely mark this little uptrend line on the chart. Mark this demand and mark that 36915 low from last week. And just make sure you're watching this general area. This could be an inflection point for the short term. All right, next for our last equity index. We're looking at the IWM here. So last week, we're pulled into this demand. So I was looking for a little short term bounce. I wasn't expecting it to just go straight back up to 189s. I said I'd be a little bit more wary about looking for a big move up because of the second shoulder. So you got one shoulder, you got the head. You got a second shoulder right here. And I mentioned that make people probably a little bit more wary to buy the dip at this demand, but definitely look for a short term bounce. And you can see it kind of got a little short term bounce here. It was up 1.4 percent on this candle right here. So basically did what I was looking for. I just wasn't looking for a big move up. I was just looking for short term bounces off this area because this demand is still a very good demand zone. It's a drop based rally demand zone. This is the base candle here from July and had a very nice rally off the zone right here. So I figured that this time it came back down. It would have a short term bounce at least and it did get that. It did take a little dip into it, though, for it to get this big 1.4 percent candle. So it really didn't go anywhere. This was last Friday's close at 183. And this is pretty much the highest that it went at 186. So you really only had about three points to the upside total from Friday's close when we were looking at it last week. So it wasn't really much, but it did give a little short term bounce trade that we were pretty much looking for. And I mentioned you could just look for short term day trades, you know, look for calls at the demand zone. And it was kind of what it provided. So you can see it wicked off of it right here on Tuesday. Had a nice little bounce offer right here Wednesday and then dipped a little bit lower. And this is where it gapped up and had that big day. So you can see it's just been screwing around at this demand zone, which is why I've been mentioning to look for, you know, short term bounces off of it. It's not too expect to move up to 189s. So for this week, we're kind of in the same predicament. We're still at the same demand zone. We closed here last Friday, basically literally at the same spot. So I kind of have the same outlook again. As long as this 181 to 180 area isn't breaking, that means the neckline for this head and shoulders is not confirmed to be broken yet, which means the head and shoulders is not even valid yet. So definitely keep looking for short term balances off this area, at least until, you know, the 181s to 180s is broken. So it's basically the same outlook as last week. I definitely feel like the longer we start hanging out in the demand zone, it starts to get a little bit weaker. So you want to be careful with that. But either way, as long as this low right here, this week low at 181 60s, also this week low at, you know, like the 180s or so, this area can still hold up. So you want to be careful with that. I would consider 181 60s. That would be your neckline break. And then it could go lower and they could, you know, play the head and shoulders. But for right now, this is still a holding structure. So definitely look for, you know, balances, at least until this breaks. You know, I could be wrong and I could just, you know, start dipping straight down into it and breaking it. But, you know, you just kind of got to go with what you see. And right now we're still at the demand zone, still trying to hold up. It's still fighting a little bit. The MACD is actually negative. So that could be a good sign for bears. But either way, it's still holding the demand zone and supply and demand zones kind of overpower indicators, in my opinion. So as long as it's not hanging around here for too long, you know, I would still look for bounces on it. So IWM just looking for short term bounces still, as long as it's holding over 181 60s and just this general demand zone. All right. And next, we're going into the VIX. So last week, I actually had us going down to 13 flat or the 12 73. We finally got that it took a little bit of a struggle because it actually came up to 14 60s and rejected off of that area in order to go lower. So it didn't just fall straight down. I thought it'd be more of a straight line down just because we closed here on Friday. So we were at the 13 80s. So I thought it would just be a straight shot down to 13 flat or the 12 73. And I guess we finally made it down there and then look right when we tapped to 12 73. There was just an instant shock in the VIX and it just totally ripped off of that level. So this is now kind of a triple bottom support trying to be made. Obviously, the triple bottom wouldn't be confirmed until it starts getting over the resistance areas. It's going to be way up here. This is a third test support, which is showing to be very strong. It's not as strong as this one. This is almost up 10 percent on this day. This day we closed up 7.7 percent. So either way, it's still showing its resiliency. So volatility is not completely sold off yet. And now that we've kind of gotten this big reaction candle to 12 73, I feel like maybe it could go a little bit higher. But we really need to start getting over that 20 21 low. So I need to see a closing over 14 60 first. If it can close over that 14 60 level, that takes you up to the 15 53, which is the level we've covered pretty much every video. It's kind of your extreme point. Once it gets over 15 53, the volatility really picks up and I showed you many examples of that. I mean, there's a big ramp up right here before it wicked hard. There's a big ramp up over 15 53 here. Big ramp up over 15 53 here. Big ramp down under 15 53 right here. So that 15 53 level is pretty much the biggest level until 20. You could also count 18 80s is a pretty big level, too. It's a big wick rejection area up here and also the 17 right here. But this 15 53 is kind of what boots it up to start out. So that's the most important level to get over first in order to start seeing the bigger levels like 17 18 and 20s. So we really need to see it getting over that for the market to go lower over 14 60. There's also this 20 21 low at 14 10. It actually rejected off of that on Friday. You can see a struggle right here. This is all the way from 20 21 and it's still, you know, valid. Don't need to get over that, obviously. And it would need to get over the 14 60s, which is these two little wick areas right here. So you get a wick low right here from August wick low right here from August as well. So you need to get over that. So we need to wait for a signal on VIX. And you can see, I mean, the SPX and the QQQ also. I mean, there's really not that great of a setup for any of that. You need to see a signal from those as well. We need to see SPX, how it reacts to that support low, I showed you. And we need to see how it reacts on QQQQ to the trend line and also that support low as well. So you kind of have to combine everything to get, you know, a bias, especially with the chop lately, you just got to be really careful. September is never a great month to trade or best, really. It kind of sucks. It's basically like this every single year. We've actually gotten a little bit luckier this year. Usually September, I mean, it can start out really, really rough. This year, we've actually had a relatively, I mean, it's holding up relatively well compared to other years so far. But you can see as on Friday, I mean, chicken hit the fan very quick. So just make sure you're waiting for 14 60 to get broken over. That's a great signal for the VIX to go higher. Also, you know, a little break over the 14 10 would help as well. I showed you that little reaction to it on Friday. If you can get over that, that's a nice short term signal for the VIX to go higher as well. And that probably take the market lower. And then obviously the SPX would have to take out that little support low that I showed you as well. And that would probably bring up the VIX as well. So overall supports holding, looking pretty good, still relatively resilient. In order, you know, for this to go lower, it's very obvious it needs to get under the 12 73, maybe in the 13 flat area, if we can start closing under that, then we can go lower. Market can go higher. But right now, this level is holding up very, very well. And last but not least, we're going over the DXY. So this has actually been following technicals like to the T. So we've been focused on this 104 70s and the 104 40s. I mentioned we needed to see a one day close under this for the dollar to go lower and for the market to go higher. We did not get that at all last week. So it actually held it up to the T. I mean, it's perfect. Here's your 14 40s resistance. How does the back test right at this area acted as a launchpad to go higher on Thursday? So this is still a back test level. This is still a support level and it's still holding the next area we have for resistance is this 105 80s. I was actually talking to some people in the chat about this level. If it starts getting over that, that's when things start to get a little bit scary and we start to kind of feel this little void area where we sold off very heavily, like we do from a FOMC meeting or some type of big data that the DXY started selling off this heavy. But, you know, the selling bounce could start filling back up if we start going back over the 105 80s. So this 105 80s is huge. It's a big, big resistance. Obviously, that's the max I could see a go this week. We wanted to go higher, which it looks like it still does. And I don't think it's going to go any lower until we start closing under one of four 40s. So it's kind of the same outlook as last week. Only this time is we do have a breakout of this little swing high right here and it's holding up the 105s. So if it starts making a base off this 105s, similar to all these bases you see here, you got a base here, you got a base at one of fours. If it starts making another base at 105 and not going lower, it's just going to go up into the 105 80s, which is this resistance right here. So that's the maximum I could see it to the upside. And then, you know, it could reject about there. I'd actually be willing to look for a big rejection at this 105 80s. And I'd maybe be a little bit more, you know, confident going along the market. It wants to get up here finally. Maybe the market will sell off a little bit. You'd let it do its thing once the DXY gets up to 105. Once you get a signal on VIX, you look for that rejection on the DXY. Look for that signal of the VIX going lower as well. And you can go along the market and you'd feel pretty good about it because you got this big, big resistance rejecting. So that's what I want to see. Maybe see the dollar go a little bit higher up into 105 80s. Look for rejection at that area. And then maybe we'll start looking for longs again in the market. But right now I only feel comfortable looking at, you know, calls on TLT, which is the bonds, which kind of have a mind of its own. I mean, sometimes it moves to equities, sometimes it doesn't. Other two trades we're looking at, Google and Baba. I'm looking for puts on that. And I showed you the seasonality in previous videos. After the 15th and the 16th, the market starts getting very weak historically. And we basically pull into pull down into October pretty heavily. And then, you know, we start rallying in October. But this last half of the month is usually the worst. And I showed you the Almanac as well, really only Thursday and Friday. That are the historically most bearish days. But we do have the FOMC meeting as well. So it's totally random, guys. I mean, anything can happen. Obviously, it's the stock market and trading the Fed or the FOMC meetings, the total coin toss. So it could be wise to just wait for the meeting to end, let the market develop a trend, wait for the SPX and the QQQ to kind of get out of this little crappy range, either break or start running off of this four, four 30 level way for the QQQ to start breaking this little, this little trend line and three 69 area, either look for a break under or start to running off of this area. And that's kind of what we're waiting for. So we're at a big inflection point on a couple of things, but indexes are mid range. You got to be really careful with that. So final thoughts for DXY, I feel like I can go a little bit higher looking for a rejection about one of five eighties or the general area if it gets up here. And that's about it. Otherwise, I have to wait for it to start closing under one of four forties or one of four seventies. So that's your two areas you need to watch. You need for it to get up here at this resistance or you need to start closing under the one of four forties maximum, which is this little swing high right here, back test level and the one of four seventies is this area right here as well. So this is your back test zone right here. You can probably even make it a zone if you wanted to like this. So this little red zone is pretty much support until proven. Otherwise, we need to close under that or we need to get up here to one of fives and reject off of that. So that's my outlook. Hope you guys enjoyed the video. Make sure you like, comment, subscribe to our extra YouTube channel. Definitely go check out our app if you're only here from YouTube and you haven't been on our discord or anything, go to app.xtrades.net. Go back to the beginning of the video showed you a bunch of cool stuff on it. Definitely check it out. You can track your own trades. You can follow people. You can collect your own stats. You can look at other people's technicals. If there's a live feed for it's almost like a social platform. So definitely go check it out. It's great, guys. I believe we're definitely different from a lot of discord servers or really any trading community in the space. So go check us out. Like I said, make sure you like, comment, subscribe to the YouTube channel. Try to get us on the algorithm a little bit more. Spread the word. I love you guys and I'm out.