 Tesla looks like it's going a lot lower. And that's kind of what the point is. Closed at 804. Here's the 825. Closed at 804. This thing starts using 804. Welcome to Access a Trader, the number one community for those who are committed to taking control of their trading in order to achieve success, profitability, and longevity. Thank you for joining us. Here's Dan Shapiro to help you find your edge, master your process, and own your future. Hey guys, good evening everybody. Welcome to another edition of the Access a Trader dot com nightly update show. Hope everybody is doing well. I have my wife's out of town for the next couple of days. So I got both kids tonight to have two different practices in two different towns. So I have to I have to make this a little bit short and sweet. Obviously, we'll get into the meat and potatoes tomorrow at morning strategy. But again, same, you know, a different day, same outcome markets continue to play the same way. You got oil and energy continue to rise. They continue to be aggressive selling in technology, aggressive selling in the banking space and just aggressive selling in general. You had you had the Dow down 2.5%, which is pretty big at the S&P down 3%. And the tech heavy Nasdaq was down nearly 4% of the day. And the question is, well, what's going to get this market finally going higher? I don't think it's it's a it's a necessary important question of one day event. Because if you guys remember, there was a capitulation at that deemed to be a capitulation sell off all the way at February the 24th. That was the official start of the invasion into the Ukraine. So I don't think it is going to be one specific day that's going to be quote unquote deemed the bottom. Again, when you when you reach your bottom, the markets need to start living with reality and they need to stop going down on bad news. So far, we're still going down on bad news. We're still going down on the same bad news of we had a week ago, two weeks ago, three weeks ago, four weeks ago. And the most important part is it's a continuation of blood bad people are starting people started buying the dips a month and a half ago because again, they believe the market would never go lower than we deemed below the 200 day moving average on the queues and yada yada yada. Now we are back in striking distance of the February 24 lows. And it's going to continue that way until we get some really aggressive news with some sort of aggressive definitive almost kind of like ending like now again, whether that is a truce, right? Obviously a truce ceasefire, whether it's temporary or permanent will obviously be a really big bandaid will obviously be kind of a big deal for for the bulls. But the most important part is eventually and you see this in every type of aggressive sellers even going back to the generational bottom of 2009 just sellers just stopped going, sellers just stopped getting aggressive. And that's the most important thing eventually sellers get tired just the way buyers get tires, tired and is around the bow top in the market, sellers get eventually tired as well. But again, we're not really getting any evidence of a tired market or lethargic complacent seller market. For example, they just refuse to sit they keep on selling and selling and selling. The key is every single day to find better value to the sell side market, right? I think that the oil theme, the energy theme that had this really, really great run finally started to showing a little bit of inclination of tired, you know, a little bit being tired to you start looking at names, for example, like an oxy, right? Actually, no, kind of went red, right? You know, again, obviously, you would still need to confirm today's channel for a backside move down. But yeah, at least you see a little bit of rest. Now again, you could turn around and say, Well, it's just resting. And it could, it absolutely could. But the point is, you're not guessing that it's resting. You're waiting for the bottom channel here. A name, for example, for example, like ADM, we had a nice little pivot on today, had a blow off top here off $88. If this thing starts building and confirming today's channel, I mean, it could go all the way down to the five day moving average. So again, we're not guessing, we're waiting for this channel to waiting for this channel to confirm names like Amazon, for example, that are just getting absolutely pillaged, right? You could turn around and say, look how much room I can really went down. It's a buy. It's not a buy. Look how much room it still has all the way down to the January January 24 lows of 2700. They're still meet on this bone. Look at a name, for example, a UPST, right? Like look at UPST first closed today under the 50 day moving average. Look how much room it has to go. Look at claw calm, right? Not every single stock is so oversold. Look at claw calm. First closed below the 200 day moving average. They were coming for the 145 weekly puts today. This could be on the radar as well. So this still definitely meet on the bone. Names like NVIDIA, right? Had big, big moves down. But when you take a look around, we're not even at the bottom yet at the channel of the January 24 lows. And these are stocks that are holding up despite the cues confirming the January 24 lows last week. So there's still a lot of room. There's still a lot of meat on the sell-off. Even names like Tesla, right? That you could trade on both sides of the equation. Look at the bottom of this move, right? The bottom of the February 24 lows was 700. We're still at 800, man. The only thing that kept this thing up was this linear regression line here at 804. We still got a lot of room down. So when you're formulating your opinion today, and again, is it possible the market has a dead cat bounce tomorrow? Look, anything is possible. Again, like we've said in every video and every sell-off, stocks just don't go straight down. There's always bounce aggressive rip backs in the market. Buyers get aggressive, sellers just get comfortable and the results of the dead cat bounce. But the overall thing you have to remember because we are underneath the 200 day moving average, stocks might move up, but they're not going higher. And that's the most important part. When you're looking at a bear market scenario, when you're looking at a sell-side bias, remember, always look at the big picture. While we're underneath the 200 day moving average, we are still sell bias. And even if the market has a dead cat bounce, and again, that's a very, very big if, pretty much every setup for tomorrow to the sell-side, it's very, very possible stocks to get a little bit tired, a little complacent, start going, moving back up to get a little bit of cash flow to the upside. So obviously, again, same game plan for tomorrow. We're looking for any weakness, we're looking for any downside contribution from the sellers below today's channels. Let's quickly go through today's session. Again, you had a lot of really good aggressive moves to the downside. Tesla actually was two-sided pivot on Tesla today. The first one to the upside, 8.56 in needs to build. Here was in the morning, and I'll show you the sell-side bias, the one really, really one nuts. Here is the 8.56 to the upside, right? 8.56 to the upside, traded up to like 8.66, and then really, really aggressive reversal. We'll talk about the reversal there in a second. 1.43 on Walmart, only a 60-set move, not a big move at all. Walmart took out 1.63, rallied only about 50, 60 cents, and it came back in with the rest of the markets, and nothing really on Walmart. Coinbase closed at the lows, it closed at 62. I think I still like it. It closed at the lows at 61, only one down a dollar, but the point is it has room to the downside. Here are the really big value pivots today to the downside, and this is kind of one of my point going into tomorrow's session. Stocks still have a lot of room down. So here is Letter U, 888, if it builds below, can flush, right? Here is Letter U, right? 888, here's the whole 888 channel. We talked about this on the weekend update, I believe we did. Anyway, point is it took out 88, closed at 81. This thing has more room down for tomorrow. Roku got hit. Here is the big pivot on Friday, 25, it builds below, can flush, and here is the pivot for today. The continuation of 120, if it builds below, can see more selling, right? Here's Roku, right? Here's Roku, here's the 125 from Friday, here's the 125 from Thursday, 120 from Friday. Confirmed that today, went all the way down to 112 at the lows of the day. Again, as you can see, next stop is 105. Square got absolutely destroyed. Right off the open, 105, if it builds below, can flush. Here was Square, right? Here was Square, here was the 105, traded all the way down to 95, big move there. They're coming for the weekly 95 puts. As you can see here, really big move down on Square. Navidia got manslaughtered, 223.25 for builds below, can flush. Here was Navidia, absolute manslaughter, closed at 213. You got 209 coming up next stop ahead. Again, same thing, guys. Every single day, same thing. Here's Tesla, right? 825, big level, held four times on Friday. 821 is a 60-minute support, needs that 820 ceiling to get hit. Tesla looks like it's going a lot lower, and that's kind of where the point is. Closed at 804. Here was the 825. Closed at 804. This thing starts losing 804, guys. This thing has room to 782, and then look at the bottom of this channel here. So, guys, have a great night. God bless. Sorry to cut this a little bit short. Again, I'm playing Daddy Duties, only one of me today for the next couple of days. Have a great night. God bless, and I will see you all tomorrow. Take care.