 All right. What's up guys? This is Alex from Xtrades back to you with another weekly trade ideas list. Hope everybody had a wonderful trading week. It was quite an interesting one. We have been totally doing the opposite of sell in May and go away, which I thought was interesting because usually May is a very bearish month. At least it's slow volume slows down. It can get a little choppy. But usually we like to see some downside during May and especially June as well. Summer trading does get a little bit risk off usually, but this time we were seeing the total opposite of that. If you took it last week, we were looking for a majority to the short side. We're going to have a lot of put trades. And Monday they did work out. So they did do pretty good if you were scalping. Tesla dumped and Amazon dumped and a couple others did okay. But then after Monday, Tuesday to Friday markets totally picked up and it was full risk on mode. So a lot of those stocks did break out. So it didn't work out the way I wanted it to unless you were really just day trading. For swing traders though, you know, we do have to wait for that signal on the indexes maybe before taking put setups for swing trades. That's kind of gonna kind of be the mindset again this week. Just kind of wait for the indexes to pull back. Hopefully get validation on the individual tickers. And then we can start looking at put setups. Anyway, so we'll go into the economic calendar here. We're looking at Monday, May 22nd. We do have a couple Fed speakers. We got Fed Bullard speaking, Fed Barkin and Fed Ballstick. So we got three Fed speakers. So that could create some volatility in the markets. I feel like Fed speakers last week were pretty much a nothing burger. A lot of them spoke and it really didn't do anything. Jerome Powell did speak on Friday with Ben Bernanke and I brought a little bit of volatility to the market. But otherwise, it was relatively slow. And lately they've kind of just been reiterating the same thing over and over. And the markets already priced that in. So if we don't have the surprise factor, Fed speakers are not really going to do much. And then Tuesday, May 23rd here, we do have another Fed Logan speech. And then most importantly, we have the S&P Global Composite PMI flash. We got PMIs. That's a good little economic indicator and it can definitely move the market. So we'll keep an eye on that. And we also have the real estate market data. We got new home sales month over month and new home sales as well. Wednesday, arguably the most important aside from Friday, we do have the FOMC minutes. So this will be pretty much the FOMC meeting last time, but in black and white. So it'll essentially have some of the things that they told us in the press conference in the last FOMC meeting. This time is just going to be pretty much written down. And a lot of times algorithms will start to kind of comb through it and find something that's a little bit different than maybe we heard at the press conference or at the meeting the last time. So this can definitely be a market mover, but it really just depends. It could also be a nothing burger too, though, if it's just reiterating the same thing we already know. So there's no surprise factor in the FOMC minutes. It may, you know, may not move the market that much. And also at the same time, if there's not too much change, that could also be a little bit bullish for the markets because they're not expecting, you know, hawkish tone inside the FOMC minutes. That'll be an interesting one. I feel like I just did a video on the FOMC minutes not too long ago, or at least in the economic calendar FOMC minutes were coming up. So it just shows you how fast time it's flying by. And Thursday, May 25th, we do have the regular initial jobless claims. We got Chicago Fed National Activity Index. And then we also have the GDP data. So this will probably be a pretty important. I'll definitely be keeping an eye on that. That could definitely move the market. And then also we do a pending home sales year for year and pending home sales month over month and affect column speech. So more real estate data. Arguably, people are starting to kind of look for a top out in the real estate market. And that can definitely kind of hit different one to a recession or not. And the real estate markets pretty important to keep eye on and it can play a role in how stocks move. And Friday, probably the most second important aside from FOMC minutes is probably going to be the most important. We get the PCE price index. This is actually the Fed's preferred inflation gauge. They prefer this over the CPI. It just has better data for them to reflect whether inflation is coming down or not. And also there's personal spending and then personal income both month over month. This will definitely move the market somewhat. It really just depends if they like I said, if there's a surprise factor or not. And you know, if there's really inside signs of inflation sticking or coming down, we're definitely looking for that. Oh, and then I missed this. We got durable goods orders as well. So this is a nice little data dump here on Friday. So definitely be careful with that. Realize that this could be a little bit of event risk. So I mean, swing stuff overnight into stuff like this. I mean, it's pretty much a coin toss. You might want to have like time on contracts swinging into anything like this. And then as well, we do have the Michigan consumer sentiment, which comes after the bell rings for the open. So that'll be interesting. So we got a lot of data coming up and Friday can definitely be a market mover. So I'll probably be the most excited for Friday in terms of catching market volatility. And next, we're going into the setups here. So I do have five this week, I was struggling to find some and then I actually combed back through my list. And I found a couple interesting ones that I feel like they're looking a little bit overextended. And at the same time, I didn't want to have maybe a potential long setup. And I found a decent one on XLE for energy. So we'll go into that later. But for now, let's go ahead and get into PLTR here. So this is pretty much been AI height play. You can see it's starting to get a little bit overextended. Starting to pull into this major supply zone from 2022 is actually all the way from back in April of 2022. As well as we do have a major resistance here. So it did break out of that and that did bring some volume. We needed to get under 1162 for more downside. And that's coming from this point right here. So we need to get under that 1162. This is a great buy in balance candle that could eventually fill back up, maybe at least like 50% of it. I'm not saying that the whole buy in balance candle is just gonna fill down directly. It could take a couple days, it could take a week. And also, I mean, it could bounce halfway. It's kind of like a like, like a gap fill like you see gaps fill sometimes will stop halfway and reverse. So that's just kind of how it is. Can't really expect, you know, just to plow through this candle in one day. So that's all I meant by that. But anyways, we'll go ahead and set an alert. We're gonna look forward to get under 1162. If it gets under 1162, that means it's getting back under major resistance that could invite sellers, algorithms and show that price is trying to reverse back to the downside. So like most AI stocks, obviously, Palantir is a pretty volatile stock. The implied volatility might be a little bit high. So I mean, if you're day trading this, you know, short term contracts may seem a little bit expensive, just because I mean implied volatility is so high, it just gasses up the premiums that can make it not as intriguing. But either way, I really like this. If you get under 1162, you know, that's a pretty good short reversal signal. And it could fill up this buy and balance candle. And then really, there's only support at this 1031, it just previous resistance to topped out here, also topped out here hasn't even back tested that level yet. So I would imagine that it might come back down eventually and try to back test this level and hold up there. But we'll have to see this is a pretty big breakout. And with the AI hype, people are just, you know, buying like monkeys monkey see monkey do and they'll go ahead and just pile in pretty much just FOMO. And I'm not a fan of FOMO. And I usually look for the contrarian side of that kind of stuff. Because if you're a short term trader and it gets too overextended, I mean, what goes up must come down eventually, you just have to be kind of quick. And you do have to be careful not to get caught in it as well. And you just have to make sure you're getting at the right spot. Definitely don't want to be, you know, shorting. The first day it breaks out usually want to wait for like a reversal candle, nice like red candle showing that it's reacting to resistance, reacting to supply, etc. And that gives you good confirmation of maybe seeing some downside. The Palantiria looking at puts wait for it to get under 1162 that might be a good reversal signal. And I could also fill this big buy in balance to the downside. So next, we're going to SOXL. This is actually a semiconductor play. It's a pretty much a leveraged ETF. So it's a little bit more volatile and it's going to move more than your standard, you know, SMH. SMH is another semiconductor ETF. It has a relatively low volatility. It's definitely not moving the same as SOXL here, but it's going to move similar to SMH as well and just the overall chip sector. But for SOXL here, you can see there's a major supply here. This is all the way from August 2022. This is a really big supply zone that led to a huge sale imbalance to the downside. You can see it's had trouble here a couple times. You got a rejection here, you got a rejection here, and then you kind of got a little candle Friday. It's obviously not the greatest rejection candle. So I would say if you wanted to wait for it to get up to 1840, you can do that. I think it's around that area a little bit closer. You start looking for rejection to the downside. We'll set an alert, put resistance, because that could be a better point to wait as well. But if Monday, it does start kind of getting under Fridays low and flushing, that could be a good reversal signal as well. And maybe you wouldn't have to wait for that 1840. But like I said, for any shorts that are kind of like, you know, moving similar to NASDAQ and SPY, you might want to wait for that reversal signal on the QQQ and the SPY before taking those. It's been like Pelletier as a high beta name. It's not going to move with the SPY really as much as it kind of has a mind of its own. So you really don't have to like look for pullbacks and the indexes for these kind of names. But for SOXL and stuff that's like following the chip sector, chips make up a big section of the NASDAQ. So you do want to see that pullback in the NASDAQ to get that pullback in the SOXL. But either way, here for SOXL pulling into this major supply, so we're actually already inside the supply. But then there's also just that major resistance at 1840. If you want to wait for it to get a little bit closer, that might be a better spot. But either way, this is tapping supply. So this could start rejecting pretty soon and trying to make a triple top. And then obviously your risk off is just going to be above 1840 in the short term. And then like a major risk off for swing trades if you're in puts is going to be over 1940 or so. And that's that supply zone high. Forget over that supply zone high. Obviously it could go higher. So you do want to make sure you're looking at those risk off levels. Make sure you're not just back holding puts. So looking pretty good here. Like I said, if you want to just mark that 1840 level, set an order to 1840, wait for it to get up there. Look for put scalps. That's probably all I'm going to be doing. All we're just looking at put scalps. And then for swing trades and puts, you're probably going to want to wait for those signals on the indexes. So S.O.X. out here looking at puts. And next we're going to Apple. So this is actually hitting a major resistance. This is a resistance all the way from August of 2022 where it topped out at 176.15. You can see it's still holding this up trend very cleanly though. So it is important if you're trying to get like a swing trade for puts on this, it might be wise to wait for the trend line to break. But if you're looking at scalps and you're looking for rejections off resistance, this is a pretty good spot to start looking at day trades on puts. Obviously you might want to see that spike in volatility and see a little bit more from the market. And it might be wise to wait for the indexes also to pull back as well. But this resistance is just so major and it looks so good here. I feel like this could start pulling back into the downtrend line. It might take the data sets to do that. It might take the FOMC minutes or the PCE to start doing that. But I feel like it might try to come back down and at least test the up trend line. Now for another trade, we can go ahead and set an alert on this and we'll just name it breakdown. So this up trend goes from this point up to this little point right here. If it gets under that, that's a major trend change and it could flush, you know, further to the downside. Right now, the focus is that 176.15 and it's rejecting pretty hard. I mean, it rejected pretty nicely on Friday if we go down to the 15 minute. Friday was very choppy as a OPEX day. So really didn't do much. But you can see really struggled at 176.15 naturally. So if you can see some follow through on that looks pretty great. Risk to reward looks great. Obviously, I mean, I'm not buying calls up here. That's just stupid. And you know, sometimes the stock market can be stupid and it can keep going up. But I mean, risk to reward wise, this is starting to look like an area that you know, at least for institutions in Wall Street to start taking profits and unloading supply at this major resistance. Because why not? But in terms of the up trend line, like I said, still holding structure. So you would definitely need to be out before, you know, it got down to this trend line. If you wanted to reenter, you'd need to wait for it to get under the trend line. Simple as that. But this major resistance looking really good here. So Apple go ahead and look at puts on this this week. All right. And for the last short setup here, looking at puts on this as well as Google. But this one's going to need a little bit of confirmation. So you see we do have this 122.41. You got a rejection here. You got a major rejection here. So you can see it did break over it very briefly, but it also closed over it slightly. So what I wanted to do, we're going to right click at alert and we'll just put resistance. So if it gets back under 122.41, that's back under resistance to the big buy in balance here. You could probably start trying to start filling back up to the downside, but you will need that break under 122.41. It's really important to make sure you set that alert and wait for that. Otherwise, Google here is looking ridiculous. I mean, it's kind of just, I mean, the whole NASDAQ looks pretty ridiculous. NASDAQ hit all my targets to the upside that I was looking for. So I'm really not sure what I'm looking for at this point. We'll have to go into the QQQ here in a little bit and maybe I'll see something. But right now for Google, just wait for that 122.41, wait for it to get back under. It'd be a good signal. You want to see it, you know, breaking under that on a shorter term time frames, maybe like a 15 to 30 to one hour candle. And that's a good signal. And it could start filling back up to the downside. Right now, as long as it's holding over 122.41, this previous resistance can act as support. So it could try to make, you know, a little base right here of 122.41 and kind of just chop around there. Pretty much like a classic break retest go higher. This candle is pretty ugly. So I mean, it's got a very heavy top weight, pretty much a relatively flat close. But at the same time, it's still holding the 122.41. So you do want to see it get under that, maybe get under Friday's low as well. Under Friday's low is probably going to be like, you know, 122.20 or so. So if you really wanted to, if you really want to wait for it to get under 122.41, that's a pretty good psychological level. If it gets under that probably starts seeing some flushing to the downside. But either way, I hope you guys can see it. I mean, even on Apple, you saw that major resistance. It's very, very, very major. I mean, it was a huge resistance area. This one's pretty huge as well. So I hope you guys can see the idea of why this would be a good short. Because last week kind of got me looking a little crazy, because I was looking at shorts last week and a lot of stocks blasted off to the upside. So there's only like a day or two of pull back. And then we just went completely risk on. But I still feeling a little bit like the markets a little frothy up here with Google here looking at puts. Just wait for it to get under 122 40. And that's your confirmation. And next, we're going into XLE. So this is actually the only long setup that I really liked out of my list of 225 tickers that I go through every Sunday. This is the only long that I found that I actually kind of liked. And that's because they bullish wedge breakout. You can see it might be just a tad bit late, but either way, still kind of early of the breakout. Usually I'm looking to enter after a candle like this. And it kind of did gap up a little bit after that, but only closed up point 77%. So it's not like super overextended or anything. Your major resistance point is going to be at 81 75. So that general 81 area might be a good area for it to head up to. But this wedge is pretty nice. A little bit short term. I want to see a little bit more volume pick up and a little bit more rotation into energy. This has just been all about tech lately. But either way, spy QQQ both closed like relatively red, not huge. And XLE closing up point 77 to the upside. That's showing relative strength. Maybe showing a little early rotation into energy. Obviously just one day of relative strength is not that much when you just see a little bit more follow through. This looks pretty good. This might make like more of like a better swing trade by time on it. Let it work out because this kind of has been a little bit of a choppy area. Either way, if this gets over 80, I feel like this could shoot up pretty nicely. So actually here, I'm looking at calls, maybe not so much for day trading. For day trading, obviously, I'm looking to enter a little bit earlier on these kind of breakouts. So just because it's already popped out pretty decently, probably like go with a swing trade just because after a break out like this, I can pull back before heading up. So I'm not sure this is the best spot for a day trade, but either way, looking pretty good. It looks better than other longs to the upside in terms of risk to reward and also in terms of their patterns as well. I mean, I just couldn't find another pattern like this or anything that didn't just look overblown to the upside. And you know, and this kind of market, you want to add on dips. Breakouts are so short lived. It's really hard to buy a breakout on the higher time frames in this kind of market. I showed you a chart of spy on the one day chart. Every breakout, you know, that pretty much went up for maybe one or two days and then it just pulled right back ever since 2022 and they started raising rates. So it makes it a little bit risky and that can make these little bottom picks look a little bit more attractive because you're getting at a discount and you know, you can just sell it once it gets to a resistance. We don't have to be in them for long and they do get bid up pretty fast because they're cheap and they have a decent pattern like this, which is a falling wedge. So this is a bullish pattern. So exit here, looking at calls might look better for a swing trick. It could need a few days. Actually, it can be a little bit choppy unless it gets, you know, pretty crazy volume. He starts seeing crude oil, you know, ripped to the upside. So I need to see a little bit more from crude oil as well. And this could rip up to 81 75. And next, we're going to spy and I kind of just want to touch on what I was talking about in the last clip here about breakouts since 2022 being relatively short term because you see a spy broke out right here. Only lasted three days before selling off. You got a small breakout right here at 410 once I got over 410 shot back down. And you can see it's trying to get over that for 1831, which is this resistance here. But either way, I mean, it's still kind of struggling to break out. It's not like a we don't have like that clear bullish momentum really yet, suggesting high volume to the upside and FOMO starting to kick in. It's still kind of within resistance here. So there's a resistance point here all the way from August. And there's one right here. And that's that for 1831 and then for 1996, we could just round that up to 420. So spy this week, it will have to get over 420. I would like to see it get over 420 and close. And that could take a higher. Otherwise, as long as the staying under 420 and you know, around this for 1831, I feel like this can act as resistance. You guys know me, I'm either looking for it to make support, make a base, then go higher. And you know, you buy on the previous resistance, acting as support, or you wait for it to get down to demand and you buy down there. But buying at resistance just not for me. And you know, that might make me miss moves sometimes, but I'm not chasing up here. I just refuse to do it. That might kind of leave me left out a little bit, but I'm willing to do that just because it's not the best risk to reward. You do want that confirmation, your confirmation is going to be over 420, a base off 420, then you can march higher or you wait for it to get down to demand like I just showed you and buy around 412, 411. It's a pretty good demand zone. When we broke out this week and a touch on the breakout from the week, you had to go down to the smaller time frames. So this breakout was essentially kind of like a little like wedge formation. And you can see on the hourly once it got out, I mean, it's a pretty good setup. And you pretty much just had to take profit once it got up to 418 31. It did break over that briefly, but it was smart to just go ahead and take profit once it got there, just because you got a major resistance here. And then you got a major resistance over here. So it was just smart to take profit at that area. And you know, it could go higher. I mean, it's it's looking pretty decent here. We're trading over all the moving averages, especially the one hour 200 SMA. So it was a pretty good setup. It was holding a base and it also broke out. So you didn't have to zoom out a little bit, but the setup was pretty nice. So now you see that little wedge, you can see sometimes you do have to go to different time frames. Obviously in my videos, I'm only looking at the one day mostly because it doesn't have the most major levels. And it pretty much just scales my chart to find these levels from the past. But I think it's important to use the one week in the one day, but you can't go down to the hourlies to find setups like that, like that little wedge and consolidation areas. Great setup. Once it broke out, and you'll find those all the time. Once it finally gets out of the chop, I mean, that does pay. So like I said, for spy here, do need to get over 420. You want to see making a base off, you know, 419s to 420 make a base as new support, then it can march higher. Otherwise, wait for it to pull back, wait for it to get into man, then you can look at the longs down there. In terms of shorts, we really don't have a confirmation of a nice rejection yet. I mean, we got a small rejection here from Friday, but only close down, you know, 0.15. So you do need to see a little bit more. And maybe that signal would be under this peak right here at 1762. So if we got under 1762, we got a big buy in balance here from when it broke out. And that could take you back down to demand. So if it gets under 1762, that's a pretty good level. We could even mark that. We'll add an alert and we'll just put that is breaking back down. But we got that alert set. Otherwise, I mean, this could just make a base and try to go higher. But we do need to see evidence of that. And you know, that would be like a one day candle closing over 420 and or even multiple candles just holding that area. Otherwise, it's kind of like an inflection point, either going to be waiting for it to get under 144762 are going to be waiting for it to get over 420 and making a base. Or if you're patient, like I said, wait for it to get down to demand. So that's for the spy probably going to be waiting again and just be patient. And next, we're going into QQQ. So over 321 fifties, I had us going up to the three thirties. And we see we exceeded that. We didn't even reject supply at all. So we didn't reject this supply and we didn't reject this supply either, which is totally against what I thought. I thought we would see some resistance here. So I was wrong on that end and we did close over 334 42. Another thing I was looking for was for it to kind of slowly get up here and eventually, you know, be able to hit the targets. I didn't want us to get up too high too fast because that's when you can start seeing a reversal. But even though we went up a little bit too high too fast here, we are over the 334 42. So as long as that's holding, we're going to get rid of the supply zone since they're void. So as long as this 334 42 is holding, I feel like it could make a base. So it's making, you know, support off previous resistance, just a classic break and retest. So it absolutely has to hold that. So tech absolutely has to hold this level. If it reclaims back under, that's a clear sign that can invite sellers back down, you're going to fill the sale or the buy imbalance right back up. And it probably had down to this little demand zone right here. That's going to be at 326 74. It's a little rally based rally zone, the most recent one. So if it goes back under 334 42, it's important you either look for a close under that and that was signal or reversal more than likely. If we're still holding 334 42, and it's holding multiple days and it's consolidating above this level or at this level, it's likely going to make a base and try to go higher. It's important that this level either holds a support or if you're bearish, it's important that it goes under this. So that 334 42 is your level of focus this week. I don't have any other level to be honest, nothing here. So we already exceeded my, you know, 321 50 breakout targets, which is the 330s, it went way higher than I thought to be honest, and it didn't see any resistance. Snires are going to be focusing on that 334 42. And that's really the only level of focus I got. All right. And if we go down to the one week chart, this is a longer term chart, and we had some Fibonacci retracements from this high down to this low. So this is all time highs down to most recent lows. We really have no resistance until we get to the 61.8 level. And that's going to be a 349 71. So this 61 nine point or the 61.8 level is usually the most major resistance when it comes to Fibonacci retracements. It always has the hardest rejection or the hardest balance, depending if you're doing a down measure, if you're doing an up measure in an up measure, you're obviously looking for bounces off the 61.8 in a down measure like this when the markets have been trending down, usually looking for rejection off that level. So maximum I can put us for QQQ over time. So it might take a couple weeks or maybe even a month or so. But eventually, I feel like the 61.8 will hit. And that's because I mean, it just usually does. And then it'll have that major rejection off the 61.8 AKA it's called the golden zone. So that's another name for the 61.8 is the golden zone. And you can see, I mean, it did clear over the 50 percent retracement that it rejected off prior. So cleared over that and also closed over 334.42 on the one week. And that's this that's the peak of that same candle. So it's important that, you know, if you're bearish, you want to see it get back under 330s for sure, maybe even get under that 334.42 precisely, if you can get under that close, that could take you down. Also, if you can get under 50 percent retracement that we're just looking at 331.50, that's also a good zone for potential reversal as well. Otherwise, really nothing in the way that could just make a base here. So make sure you keep that 334.42 level of focus in, wait for it to go under if you're going to go short. Also, wait for more evidence of a base being made if you want to go long. I just these breakouts just don't last long lately. And you kind of saw that in the example of showing you on spy. There's a couple over there that just lasted, you know, two or three days and, you know, they sell right back off. Don't need to see a little bit more evidence of this being a clean breakout and you could maybe look to the long side. I personally would wait for that 334.42 to get made. And then maybe more tire. That's for the QQQ. Just keep that level of focus and make sure it's holding or if you want to go short, wait for it to get under. And next, we're going into IWM. So finally this thing broke out. So we've been focused on this trend line for weeks. And it just kept rejecting. It wasn't going anywhere. It kept going back down to 170s, you know, 168s and bouncing from there. I've pretty much mentioned if you want to take this long, you want to wait for this to break out. So we did get a little two day breakout and then look where we ran into the 179.26 level that we've been covering for weeks. And pretty much rejected off that general area. So I said if this broke out, this would most likely be your price target. And that's exactly what happened. So it's nice to see that technical analysis is still somewhat working, even though stocks are defying logic a little bit. To the upside, we broke out really nice run up, hard rejection of 179.26 area. So now that it's broken out, I really feel like you can't be too bearish here yet. But in order to be bullish, I do need to see getting over that 179.26. So that's the next signal I'll be looking for now that it's broken out of this line. And honestly, I wouldn't want to take puts at 179.26 or this area because it's broken out. You got the KDJ going up. The only thing that's kind of going against this is that it's still trending under the 200 SMA. So the 200 SMA is kind of your longer term moving average. And it's still trending under that. So that could be a reason why the shorts keep getting re-invited to the party. So we probably need to clear over that. And also that 179.26 and that could take it higher. And also you need to see a more of a bid in the banks and the financial sector that could bring it up as well. They've been kind of having a shit year. So we'll need to see more upside from the regional banks, the regular, you know, huge banks, you know, commercial banks, Wells Fargo, JPM, etc. But once they come up, you know, they can bring up the regionals a little bit. But IWM is pretty much it kind of moves like directly with the banks and like XLF and other bank names. So you need to see a little bit more from that. Otherwise just wait for it to get over that 179.26. We'd even add an alert and we'll name a breakout. That'd be a short term breakout. And then also you need to wait for it to get over to 200 SMA as well. And that would be your next signal since, you know, this breakout already happened. I really don't like a trade here at all because you got 179.26 is resistance. So you don't want to buy calls directly at that. And at the same time it already broke out. Yeah, we will need to wait for that 179.26. And that would be your long set up. And like I said, I don't like puts here because it already broke out. So even though you do have their strong resistance, I'd rather just wait for it to get over the resistance. And that would be a great set up to the upside. That's for IWM just waiting for that 179.26 breakout looking for upside over that. All right, next we're going to the DXY. So the US dollar here, we've been focused on this level of support. And I've pretty much been calling for a DXY bounce eventually, as long as the support is holding. We finally got that. But we got minimum pullback in the equity market. So I really thought that this DXY signal would start kind of bringing the markets back down a little bit. And I didn't do that at all. So that's interesting. Markets have been going up despite dollar going up. And that's kind of threw me off a little bit to be honest. So you may need to see a little bit more from the dollar before we start seeing downside, because the market's just not reacting to it. And it's kind of just been inversing the bond. So the bonds have been selling off the TLT has been selling off and stocks have actually been going up. So that could be a good sign that, you know, bonds are back to their inverse correlation with equities. But either way, I still don't like buying calls or like going long when the dollar is moving up like this just doesn't make sense to me. And it's not something I've been doing at all lately, especially if you're trading that in 2022, if you're going long, when the dollar was trending up like this, you would get screwed. So it's important that, you know, you do pay attention to these deals, because eventually they do matter and they will come back into play. And likewise, if the dollars are selling off heavy, you know, that might be a good area to start looking at, you know, longs again. But I really do like this. I like to see the dollar and equities have that inverse correlation as another piece of a signal, especially when I'm day trading, you know, I'm not going to take calls when the dollars closing up 0.64%. It just doesn't make sense to me. And I'm probably looking to short the rips and looking for a reversal at that point, just because I mean, the rising US dollars is not good for equities. And it's always been like that. So for the dollar this week, it pretty much hit my target. So I was looking for 103 to hit. It did exceed that and got over that a little bit now back testing that probably shared this a million times. But the 103 price target just came from this covid peak here from 2020. So now I will need to see it making a base off 103 and also maybe another one week candle close over 103. And that could take you up to 105.63 next, that's going to come from this little top out area right here. And that could bring the market lower. So but if it falls back under 103 for a couple days and has multiple clothes under 103, probably for the dollar to fall back down. And you can see if we drew a trend line from this peak to this peak right here, it even broke out right there. So this is kind of like, was that from 2022 to current. So this is a decent downtrend line that finally got broke out of. And that was a great signal for the dollar to go up. It just didn't bring down the markets. As long as it's holding over 103 here, if like there's still a chance that elevated dollar could start spooking people. I feel like it's really going to depend on the FOMC minutes. As long as the FOMC minutes come in line, I really wouldn't expect much from them. But if there's something new written in, you know, written in black and white that we had no idea about from the last meeting, then that could definitely move the market. So we're just going to be keeping an eye on that. And also the PCE data is definitely going to move currencies. So just keep that 103 level in focus. If it's holding over, they could take the dollar a little bit higher. If it starts falling back under, you see one or two closes under 103 that obviously probably bring it back down to support down, you know, the early 100s. So that's for the DXY. I might just need a little bit more data. And next, we're going into the VIX. So VIX has just been a nothing burger the past couple of weeks. It really hasn't done anything. Voltoities. I mean, this is like historic lows. I mean, it's what it feels like, at least it's just it's the lowest point Voltoities been in a couple of years. So it's been really tough to use this as a signal unless you're using it kind of intraday and you're looking for those quick spikes to go short or if you're looking for those fast drops and heavy, you know, sell-offs in the VIX to go long. In terms of the higher time frames that we look at, you really haven't had anything. So the only thing that we've seen is that the 1553 to 16 areas holding. So this area has been pretty resilient. And as long as it's holding over that, I feel like the VIX can definitely pop back up. And another level of focus we had was the 1811. And I was looking for a close over that to take it over to 20s. You can see it refused to do that. So last week, that was our pretty much our short term signal. We're looking for a close over 1811 to take you up to 20. And it just was not able to do that. So I hope you can see why the 1811 level is the area of focus. It's going to be the same thing this week. You want to see that close over 1811. If it gets the close over, then I can, you know, march up to 20. And for the bulls, you really do want to see getting under 15-53. But as long as this area is still kind of holding that support, I feel like that could result in a pullback soon just because it's not going any lower. Once the VIX gets into a consolidation area like this and it's not going any lower, sometimes it can result in a pretty huge pop back to the median or the average. And that's going to be your, you know, 2022 to 2023 average close, which is currently at 24-01. You probably just rounded down to 24 even. So eventually it's going to come back up for mean progression. You might just need a little bit more of a surprise factor in terms of economic data and in terms of just the market in general. We have no surprise factor. Everything's already been kind of felt priced in and markets been a little bit slow. The only thing we've kind of been running off is like AI hype also really from debt ceiling talks. So that will be another factor also. So we're never going to be looking for the debt ceiling. Looking for more negotiations. If it seems like there's not any negotiations, you might still see a little bit of, you know, resistance in the market and chop. But you can see once they sounded confident in their negotiations, debt ceiling talks, market was able to rally a little bit and rally for a couple of days on that spy breakout that I showed you. So this little breakout here that I showed you earlier, this was purely after the debt ceiling negotiations were sounding a little bit more positive and a rally for two days straight. And we really didn't see any resistance until Friday when Jerome Powell and Ben Bernanke were speaking. And really, we didn't even get that much from Jerome Powell and Ben Bernanke on Friday. I feel like this is a majority just from, you know, options, expiration. It gets super choppy. There's a lot of money expiring. And I truly feel like algorithms are programmed to pin price so they don't have to pay out as much as people would like. That's unfortunate, but it's probably true because there's so much money expiring. Why would you want price to move when you could just let a bunch of options expire worthless or, you know, if there's big money involved, maybe they're defending their level and keeping price in the money so that they can get their strike price paid. But that's the video guys hope you guys enjoyed. Like I said, you need that signal from the VIX. You need to see it getting over 1811 with the close. It'll take it to 20. Otherwise, you're looking for a close over 20 on the higher time frames. That's going to be a good, you know, bear signal to start looking at shorts again. 20 has always been a psychological level. Otherwise, you're going to see it get under 1553. If it gets under 1553, they could take the market a little higher. But you can see it's kind of just in a cuck zone. So that's pretty much all I got for you guys. Hope you guys enjoyed it. Make sure you like, comment, subscribe. Hopefully we have a good trading week this week. And some of these shorts will pay this week, hopefully for longer than a day because last week, only Monday and Tuesday are short setups actually kind of worked. So hopefully we can get a pullback in the market. I'd like to see one because we're looking a little frothy like you saw the QQQ edit close over resistance. So looking a little bit bullish, but it will need to get back under 334 and then spy, you know, kind of just at an inflection point, kind of at a resistance and we'll need to get over 420. So make sure you guys like, comment, subscribe. I love you guys. I'm going to get this chopped up, edit it and sent out and I'm out.