 Good morning traitors. Happy Monday. Happy 2024. Thank you all for joining me. My name is Charles. I run a community called Pirate Traders. We are a set of traders that are focused on the ES, the NQ and the two way auction process. And I'm here this morning to talk to you about that. So first things first, let me just take a moment to quickly explain what the different software is that you're going to see on the screen throughout the the live stream here today. And then we'll get into some specifics about what's happening in the market. Okay. So over here on the left, this is a market profile chart. This basically is very similar to candlesticks, except that it takes the same information and it plots it out on a bell shaped curve. Okay. So the advantage that that lets us have by looking at the market's information on a bell shaped curve is that it makes it easier to see the specific price levels where the market likes to do business. Okay. So the way that differentiates from a regular chart, let's just pull up a regular bar chart. All a regular bar chart is showing you is where the market opened, where it closed, where the high and the low was, and then how much volume traded in that particular time period. So you know where the market went in terms of price movement over whatever given amount of time, and you know how much volume traded during that given amount of time, but that's all you know. You don't know specifically where the business took place on the vertical axis. Well, that's what market profile shows you by showing you both how much volume trades in a certain area and how much time the market spends in a certain area. It can give you insights as to which price levels have the most relevance. Okay. So the market profile allows us to map out the market and understand where the market wants to do business and what type of opportunities exist at those locations. So then we let our eyes roll right on over to the right side of the screen, which is where we have the book map software. The book map software is for watching the order flow of the market. So essentially all these little colorful things that you see up on the screen here, this is called the heat map. Okay. The heat map is really the magic of this tool because it allows you to see where the liquidity is currently in the order book. Okay. So where traders wanting to do business and then where was the liquidity in the past during different moments? So the market profile lets us see where the market did business. The heat map lets us see where they were willing to do business. It lets us see where the market, well, what the market was trying to do. And by comparing what the market is trying to do with its liquidity to what it is actually doing with its price action, you can find opportunities where you have an edge over the competition, where you see an opportunity that others are missing because you see the setup and then you see how it plays out. Okay. And then lastly, we may end up talking a little bit today about market internals. This is a set of tools that I use to kind of give me a look under the hood of the market. So to speak, this looks at the actual NICI and NASDAQ and measures, you know, the type of momentum on those, on that exchange level. And then that gives me insights if people are buying stocks, they're probably going to buy futures, right? The futures are going to come along for the ride because of arbitrage or vice versa. Okay. So now let's give ourselves some perspective for this morning, right? It's a new week. It's a new year really. And it's a new week. So we want to start fresh. We want to zoom out. We've been super focused on trading over the last week. And so we want to give ourselves some perspective. So the first thing that I'm going to do is I'm going to go all the way out to the monthly chart. Now, it might not seem like that is so that chart just looks so crazy to me now that we're back at all time highs. We've been in a bear market for so long, I've been like looking for resistance in here. So even just clicking on it now, it's like, man, it looks bullish. Looks like it's going the other way. Anyway, okay. So the reason that we start zooming out all the way on the monthly chart is because it changes our perspective. If we've been so zoomed in, we've been so focused on what the market's been doing over the last few hours or the last few days or the last few weeks, by stepping back and looking at it on a monthly timeframe, sometimes we can get some clarity. So what do we have on a monthly timeframe? What jumps out of me? Well, first and foremost, on a much longer multi year timeframe, the market had excess. It pulled back with price to balance off that excess. It has now returned back to the level where it ran out of steam, the previous all time highs. That is a setup for the market to either continue higher or look above and fail the all time highs. So I know, obviously, we're not talking about today, but I know over the next few months, what happens with the market is very, very important to give us insights for what will happen over the next few years, right? Either this thing is going to keep the momentum going, or it's going to fail. And we might have another year or two of sideways inside of this range. So we're at a very important area in general, this month on the monthly timeframe. It is also bullish to me to see that on the monthly timeframe, we had excess, okay, we were making higher lows and higher highs. And so far this month, we have an inside month. So right now, there's no information as to whether the market is going to continue higher or not. But if we poke up and make new all time highs, at some point in this month, we still have momentum on the monthly, which would be bullish to see. Alright, so we'll zoom in a little bit and we'll take a look at the weekly and see if there's anything else that jumps out at us, anything that's different from what we just saw on the monthly, now that we have a little more information. Okay, well, first off, talking about the excess and balance, this is a lot of excess on a weekly timeframe. Okay, that is nonstop higher highs, higher lows every week for, you know, one, two, three, four, five, six, seven, eight, nine weeks in a row. That is a lot of excess on a weekly timeframe. One thing that we understand about excess and balance, they work a lot like ying and yang. The more excess you create, the more balance you need to balance off all that excess. Now there are two ways that the market can balance off excess. One way it can choose to just go sideways at higher prices for however long it needs to until it has balanced that off using time and then it can continue higher. Or you can balance off the excess using price, you can get a big move to the upside and then the market pulls back down with price that dip brings in the buyers to turn around and keep that thing going. Okay, we don't know on the weekly timeframe which of those two is going to happen yet, but we do know one of those two is happening. Okay, and that is fantastic because it gives us insights to carry forward. So what are we looking at first and foremost? Well, on this weekly timeframe, what type of balance are we going to get? Are we going to get balance with time or with price? If we start to make some strong lows this week, okay, and reverse the market back up, well then we know the market is balancing with time. We look to test the previous all-time highs and we do not fall in love with the trade. We take profits at the previous all-time highs and then we wait and see what happens there. Either it looks above and fails or it looks above, find support and we keep going. In which case we're bullish as a breakout of balance. Maybe that's all it needed. Just that two weeks was all it took, right? Or if the market continues the momentum to the downside on the daytime frame, we know we need to balance off this excess with price. We're looking for a larger pullback in price. So then we're monitoring for continuation lower. How much longer does the market keep giving us signals that it still has momentum down? That's the insights we can take away from the weekly, okay? I would also say this could be a setup for balance on the weekly, the candle that we made yesterday. If this week can stay inside of there, would set us up for some sideways. Let's wait and see. And then lastly we will zoom in and we will just take a quick look at the daily chart and see if there's any other insights that pop out at us when we look at the daily chart. Well, first and foremost, we can now see we have quite a bit of excess to the downside. We've been talking about all this momentum and all this excess to the upside because of this large move. But we've now on a much shorter time frame. Over the last week, just day by day by day, we're creating momentum down in price. So that tells us what we're going to find out from today's candle is do we get continuation of that momentum lower, which is balancing off the previous excess with price? Or does the market work its way up today and make a higher high on the daily time frame? If the market can work its way up and make a higher high on the daily time frame, well, then we're probably balancing with time. So each one of these insights starting with the monthly, zooming into the weekly, zooming into the daily tells me quite simplistically that one of two things is likely to happen today. Either the market is going to get above yesterday's high and that's going to lead to balance with time over the next days, weeks, who knows, right? Or the market is going to break yesterday's low, which is a sign of continuation of the momentum lower, in which case I want to be very bearish because we need a bigger pullback with price. We know we need a bigger pullback on the monthly. We know we need a bigger pullback on the weekly. So if we start to make new lows, I'm looking for a much bigger move to the downside. All right, so where would I be looking for the market to do business if that were the case? If the momentum to the downside continued? Well, then I'm looking at these previous highs in here. Okay, somewhere around that 4600 number, that is likely to be the next major support. It might be that we just barely have to touch it and then we can turn around and head higher. It might be that we have to kind of grind around in here one more time and then we turn around and head higher. But the next major support is these previous highs as a balance of price, not time. And of course, this is that gap that was created by having a contract rollover followed by FOMC that was bullish. So if the market needed to balance off that excess created from the contract rollover slash FOMC, 4600 is where it's got to come back to. So Charles, you're telling us it could go up, it could go down, or it could go sideways. Thank you so much. Yep, that's what I'm telling you. Have a nice day everyone. Bye bye. I mean, that's it. That's it, right? That's all we need to know. But by knowing it could go up as a continuation of balance using time, we know how to monitor the strength of that move. If they're able, so now we're zoomed in looking at the intraday market profile. So now we're able to say to ourselves, can they get the market up above the overnight high? The overnight basically just means everything from the close on Friday to the open this morning. So the overnight, can we get above their high? The highest level that they could get in that over the weekend. If we can get above there, we know that's the first sign that we might be trying to balance off with time. If they look above and fail, well that's bearish to see because it means we're probably not. Which means we're probably balancing with price. Okay, great. Well, let's say they get above there and they find support and they keep going and they get all the way up to yesterday's high up at 4760, right? Well, if they get all the way up there and then they poke above, now we know the higher probability is that they're going to balance with time, right? Now we know the chances that the market's going to keep going lower are significantly less because if the market wants to keep going lower, it should not make a high or high on the day timeframe. It should keep going lower today. So if we get above yesterday's high, that's the second signal of balance with price and the first signal against, I'm sorry, balance with time and the first signal against balance with price. Okay, great. Then once we've poked above yesterday's high, can we stay above there, right? Once we get above yesterday's high, what happens to the market? Does it instantly go and run out of steam and pull right back down? Or do they get up there and all of a sudden there's FOMO and the momentum picks up, the tempo gets faster, new volume starts to come in. If that's the case, well, then we know for sure we're balancing with time. And so if we're balancing with time, what was our target when we were back looking at the weekly timeframe, the previous all-time highs, right? So as crazy as it seems, if the market can get back above the high from last week and stay up there, that means it's likely going all the way back up to all-time highs. So we want to be very bullish if we see that. But what about the opposite scenario, the scenario where the market pushes down instead of pushing up? Well, as soon as we get below the low from Friday, which is $47.20, then we know that increases the odds, we're balancing with price. And that decreases the odds, we're balancing with time. Because that momentum on the day timeframe is continuing, so that is very bearish to see. So the next target becomes testing the overnight low and we see what happens there. Then the next target is testing potential support at $47.09, which is a base of single prints from last year. We see, can that hold? If not, then we're looking to test $47.00 and we're monitoring for continuation lower. And the further down it goes, the more and more bearish it is. Because it's just proof they are not balancing with time, they are balancing with price, and where is it eventually going if they're balancing with price? $4,600 area. So it's a party, guys. We could have some fun today. We are set up for some excellent opportunities and I'm pretty excited. 15 minutes till the market opens, hit me in the chat. What do you want to know? What are your questions for me this morning? Good morning to Will, Jay, who says, thank God it's Monday and the casino is open for business. Bus to move, hello, hello. Ships, hi to you. David G in the house. Mike, who thinks Jay? Ken says, Q please. Yeah, let's take a look at the NQ. Actually, let's just really quickly. We've got plenty of time. Let's do a top-down on the Q as well for some perspective. All right, so looking at the NQ here, obviously it looks very, very similar to the ES. It is a very similar structure. It is a little bit more bullish and I'll explain why, but it is basically exactly the same, which is that on a multi-year time frame, the market created XS, it balanced it off with price, it worked its way back to the place where the market ran out of XS, the previous all-time highs, and now we're going to find out what comes next, right? Exactly the same as the ES. Can they keep the momentum going or do they need to pull back and we maybe spend another year or two in this range? Summing in, looking at the weekly, yeah, I mean it's almost identical to the ES. So yeah, same exact thing, weekly time frame, you just have all this XS to the upside for however many weeks that is. You probably aren't going to balance that off in just one week, right? You're not going to have that much XS and it's instantly over and then the thing just keeps going higher. It could happen. I'm not saying it can't happen, but I'm just saying that is very unlikely. The higher probability is that you need to balance off all this XS on the weekly time frame. So you're probably going to need to spend a couple weeks balancing. Is it going to be with time or is it going to be with price? Well, we'll wait and see. Let's zoom in on the daily. So yeah, it's exactly the same, exactly the same as the ES. The one thing I would say is they came very close to making a high or high on the daily candles there. If they had done that, that would be a sign they've had enough of a pullback. Another thing that is different about the NQ and the ES is that, and I know this is going to get confusing when it's like we're balanced inside of balance, inside of balance, blah, blah. But there was a shorter time frame balance area up here on the NQ and the ES, which they both failed last week and we were talking about that on the channel. But the reason that that's important is because when you have a move like that, you often get excess the same scale as the balance. So you would expect the market to make a move, boom, right to where it did. So technically, you know, over a weekly basis, that might have been all the balance the market needed to the downside. And so you might be going sideways. So it's a little bit less bearish, but it is still bearish. No doubt about it. All right, so let's zoom into the market profile chart and look for some levels on the NQ. Yeah, I mean, I'm going to make it real easy for the traders who have patience here. I pretty much see the NQ as like either we get above Friday's high today around 16, 5, 89 ish. Okay. In which case this thing's going up because it's done with its down move and it's going to either go sideways or up from here or if we get a lower low, we're heading back down to fill the gap. So basically look for a very difficult choppy day inside yesterday's range because this could be the beginning of balance. It really could. It could be the beginning of some sideways here. The way you've got all these lows, these very strong lows. So I would be much less bearish on the NQ today than the ES. However, the second they make a lower low in the daytime frame, man, it's going down. It's going all the way to 16, 11, 18, but inside yesterday's range, which is a large range between 16, 403 and 16, 5, 70. I mean, it's 77. It's just going to be chop, like just grinding up and down and up and down and up and down and driving everyone mad. So it's going to be a tricky morning on the Q, I think. Sorry Q traders. Sorry to be the bear of bad news. Any other questions from the chat? Good morning to Percy, Grizzly Bull, Ken and Ernest. Welcome, welcome. I also think this little node of volume that we're seeing down here, sorry, node of liquidity that we're seeing down here in the order books at 4705. I think that is there for a reason. Anytime there's a random level with that much liquidity, kind of just randomly sitting at an exact place like that, which to me it is a very random place, that is likely trying to be a magnet. It's trying to give sellers a reason to head down thinking they'll be able to take profits into that liquidity, thinking that the momentum to the downside is going to continue and that they should be bearish. And then that's the type of thing where maybe they get right below yesterday's low, maybe they get to like 4718, you know, and then poof, it disappears. If that happens, it means we're going nowhere. We'll get a look below and fail and we'll just go sideways the rest of the day. But if that stays there until price gets to it, well it will be a magnet. I suspect to pull on price. So I'm just going to keep an eye on it throughout the day, kind of keep zooming out and seeing is it still there or has it poof disappeared. Five more minutes to market open. Any questions for the pirate? Speak now. Good morning to Phillip, the demo trader. Welcome. Thank you for the reminder. Yes, everyone please smash that like button. We got 93 people hanging out, but only 22 likes. So that means most of you hate me. And that's not cool, okay? So you better push the thumbs up button or I'm going to feel unloved in this moment. Hey, 37 likes. Crushing it. Good morning to Nor Auto Trader and Frito. Welcome. Percy says, Charles can you do Bitcoin? I can. There was a twinkle in my eye this morning when I saw Bitcoin. It just won't quit. It just won't quit. All right, so this is a messy chart, but basically I'm bullish on the corn. I'm looking at this large move to the downside and the fact that the 618 is at around 4800 and I'm thinking that's where we're going. There's just a lot of support that continues to build. They are buying the dips. You had horizontal balance here, here, excess, balance, failure right into balance, balance, failure right into balance and now you're breaking out once again. So I would like to see Bitcoin work its way up above 4600, then come back down to 45 again and turn it into support one last time and then I'd be bullish for continuation up to 48. Good morning to NAP. Truman says, if they make a new daily high in the overnight, is that still a sign that there is enough balance done? That's a good question. So no, if they'd have made a higher high in the overnight, right, they poked above the high that we left behind last week, that would have been a signal that the market was running out of steam. That would have been a signal that we were more likely you know to test the previous high during the regular trading hours, but it would not be a failure of the momentum. If the regular trading hours open and they're inside the previous day's range and they work their way below the previous day's low, then it's continuation of the momentum and it doesn't matter what the overnight did. In the same way with the lows, right now the lows of the overnight, both on on Friday or Thursday night and then over the weekend, are telling us that the overnight thinks this is support, right? They think that this is going to hold and we're going to go sideways from here, but the regular trading hours have to do it. It doesn't matter until we get above the previous high, we find support, we prove that it's going to keep going. Otherwise, we could just smash right through all this support, squeeze all these traders and keep going lower. So we are opening inside the previous day's range. That tells me that we are likely in what we call a chop zone. A chop zone is basically when the market just needs to play tug of war for the first maybe 20 minutes, maybe hour or two of the day, the market just needs to chop around and grind around. I would call that chop zone high, the area that it will be stuck inside, 47, 46. The reason is because we have that weak reference that needs repair. It looks like that's what we're heading for, so that might be all the market wants to do is just poke up there and repair it and then it comes right back down. So that's my chop zone high and my chop zone low is going to be yesterday's low, down at 47.20. So as long as the market is between those two levels, it is likely to just keep grinding and grinding and grinding maybe for hours. Get as many traders long as they can, then come down and get as many traders short as they can and then come back up and get them long and get them short and get them long and get them short and get them long. And then out of nowhere they break one way or two other and they squeeze half the traders. So I believe we are looking at chop here for a good you know at least half an hour or so and we will look for signs that it's trying to break one way or another okay because it's a chop zone. All right we're above the overnight high, that is a little bit bullish to see but really what matters is what happens now that we are. Do we just repair 45 meaning we poke and get a point above it or I'm sorry and then once we do do we turn the overnight high into support 47.43 or do we fail pulling right back into the overnight range leading to more chop. Let's see what happens. Nor says Q nor you were just a minute late. I did the Q. We'll pop in real quick and we'll look some intraday levels. Okay so Q bullish right now above the overnight high you know short short term. I would say that's a breakout of a chop zone type of move so that increases the odds that they're testing they want to at least try to test yesterday's high. If they get above yesterday's high if they get above 16, 5, 78, 50 that would be how do I describe this the least bearish scenario that would tell you that they are no longer trying to take the market lower and the market is either going to go sideways or higher from there so you'd be looking for support at yesterday's high and continuation higher. Bullish you know isn't exactly the right word just not bearish but um but yeah it would be a little bit bullish especially if they can turn that into support. Now if they pull back through the opening price at this point if they pull back through 16, 5, 12 well then you're just going to get chopped inside yesterday's range okay. It's a chop zone I think it's going to be a very choppy morning for the Q. Okay so there is the repair of the weak reference at 45 so here is where we find out do we really have the buyers. If we do they should be able to hold support at 47, 43 if they fail more chop. Chat says do you trade live every day? I don't trade live but I talk I mean I'm trading but I'm not telling you guys my trades I just talk about the market live. I do market commentary every day and if you want to join the party just head to piratetraders.io and sign up for the brigade $10 a month they say it's the best deal on the street that's what they say that's what they say okay. Okay so we got a weak high and we've got some new buying up here that's a little bit bullish to see can they hold 47, 43. Frito says is that the word of the street yeah do Frito that's the word on the street that's what they say thank you bust a move thank you Jay good morning to Arjit how to watch them just like this it's on youtube head on over to pirate traders.io you'll see all the info there okay so we still got FOMO buying it is new buying but they're not letting it test that overnight high well Charles why does that matter why do we care if they pull back and test support because testing support let stronger hand buyers step in FOMO is weak hands they're traders that are buying at the high that can easily be squeezed if the market pulls back whereas the traders who buy the pullback who buy the support they are stronger hands that can be trusted so it is nice to see volume up here it is nice to see new buying but we need to test support we need to give those stronger hands a chance okay that's bullish they are breaking out of the chop zone increasing the odds that they want to test yesterday's high up at 4760 I will remain again it's hard to make a call bullish when the market is trending lower on the day time frame but I will say intraday for the moment I am bullish as long as we stay above the overnight high as long as that potential support at 4743 holds I will continue to assume the market's target is testing the high okay if the market pulls back down into the overnight range it gets back down below there well then I know I'm wrong and we're just in a chop zone and I'll expect more chop so can they hold it they've got the buyers they've got the target let's see what happens whoo look at that man some computer is like desperately trying to get short here that was weird okay support is holding all right moment of truth looks like we are going to test 43 if the buyers can hold it they've got the momentum for yesterday's high if they fail more chop can they hold it oh no nope all right that's a look above and fail of the overnight high and a continuation of the chop so that doesn't mean the market is not still going to go higher today it just means they're not ready right now got to spend some more time going sideways before we'll have the buyers to attempt another move up so I am now looking for support uh 47 36 and then 47 34 and more chop all right nq testing yesterday's high so this is very very important do they make a weak high and fail here or do they get above yesterday's high on the queue there it is above yesterday's high okay so this changes everything this is a sign as we discussed that the the intraday or sorry the daily momentum to the downside is over so that significantly increases the odds for one throughout this week we're either going to go sideways or we're going to start to pull back with price and it also increases the odds that we don't need a larger pullback on a weekly time frame that the higher probability is balance on a weekly time frame at higher prices so all of that is bullish to see so intraday can they hold it or do we get more chop but on a daily time frame a higher high is a sign the momentum down is over act accordingly next question will the es follow suit I absolutely hate these icebergs this is a certain type of thing that happens where someone somewhere has a program where they basically just latch a an iceberg to like whatever you know five points or three points or whatever it is from price and they just follow price all day and when one of those is there it's a bitch it's always really tricky so I am back to being bullish once again as long as we stay above uh 47 43 but I would caution everybody this looks like it's going to be choppy as he says does the test of the zero line on the internal on the internals equally important uh you're talking about the ticks yes that is also bullish so again the market's in a chop zone it's trying to figure out who's going to take control now we're back above the overnight high and the ticks are trending higher and above the zero line that is also bullish to see further increasing the odds that the market wants to test yesterday's high at 47 60 however I just want to caution everybody I do feel like it's going to be a very choppy choppy ride I don't like this iceberg these things whenever one of these pops up it's the market is really weird so you do that with the liquidity you got this pocket of liquidity down here and that one we talked about earlier oh that one disappeared but you still got this one there is a magnet tugging on price trying to prevent it from getting to yesterday's high so it does seem like it's going to yesterday's high but it's just going to take some effort to get there Maya says enqueue please Maya it my enqueue is bullish above yesterday's high neutral back inside yesterday's range so bigger picture it's it's not bearish right bigger picture making the higher high today means the market doesn't need to keep going down means for the next few days next few weeks it's fine going sideways or going up it's done going down that's what the higher high tells us but that's on a daily time frame intraday today it's a it's a matter of do they have the buyers to keep it going or not so they got to hold that high at 16 578 as long as they do they have the buyers and they'll keep it going higher and higher and higher all day long until they get cessation of the momentum but if they pull back down into yesterday's range again well then they probably don't have the buyers intraday today so we go sideways until we do so just bullish above the uh previous days high and the es is bullish above the overnight high see that's the kind of shit they do when those icebergs are there okay so once again testing the overnight high it did not hold to support the last time will it hold this time nope man gonna be a choppy one today because they got the games they're gonna play the bots want to get you long squeeze you strong and then do it again all right so another failure at the overnight high again increases the odds we need more chop so i still believe same thing i said last time we're heading to yesterday's high which is not ready yet need more sideways to bring in those buyers and i suspect we won't get there until this iceberg disappears this funky whatever it is okay i'm now officially keeping a close eye on this note of liquidity here at 47 33 the market was trying to head lower and it turned around what did they do they started bringing in liquidity here they wanted to turn it into a magnet for price the market continued to move away from it so they added more liquidity to try to make a magnet to pull back price price then made a pullback towards it but didn't quite make it turned around and started heading up again what did they do more liquidity so they are trying to turn 47 33 into a magnet to pull price back down so if the overnight high can hold and this disappears it's gonna move much higher very quickly but as long as it's still there they got a magnet tugging on them keeping them from taking off so i'm watching that very choppy so here as price starts to move away do they start adding more liquidity there or do they start disappearing it do they start giving up on it they're pulling it away they're giving up you see the color is getting lighter and lighter we went from dark red to lighter red somebody just gave up probably the same person that just got stopped out of a hundred shorts all at once sucks to be you bro rob says two good setups i missed so far don't feel bad dude this is so choppy choppy markets are always the kind you know choppy markets like this they're always the kind that when you look at them in hindsight it seems so simple you know let's say right now the market works its way above yesterday's high you'll look back at this chart this afternoon and it'll look like oh we opened we pushed above the overnight high we spent a little time we brought in a little volume we went to yesterday's high it'll look so easy it'll be like oh man look at that it just you know perfectly worked out but when you're there in the moment man it's tricky it's so choppy it's so difficult it's tricks you one way it tricks you the other way it sends you all these mixed signals it slows down to get you bored and then it moves out of nowhere very very quickly so yeah that's the bitch of chop it's it's easy to read and understand what the market is doing but it's hard to enter trades okay so obviously we got some sort of news here at 10 a.m. giving us a little news bodage they created a poor high on the market profile chart a poor high increases the odds that the market will push away from the price looking for support but once it finds support it will come back and it'll poke through the high and continue higher so that is actually bullish to see even if the market goes down because it means it's going down to fine buyers all right so I also just wanted to mention today is the last day of the promo for my upcoming workshop those of you that follow the channel know that I'll be teaching a workshop in February called mastery of markets and mind it is a two-week workshop four hours a day there are webinars from 11 a.m. to 3 p.m. each weekday for two weeks if you can't be there for the live webinars the videos are available afterwards so so you can watch them anytime and I teach everything there is to know about trading like it is all encompassing I will teach you how to read a chart I will teach you how to manage risk and most importantly of all I will teach you how to analyze your own thoughts and behaviors in order to develop a system best suited for those thoughts and behaviors right building a custom tailored system for you which only you can do so that workshop is going on a month from now in February but today is the very last day to get the discount price so with promo code happy 2024 you can save yourself 30% today head on over to marketsandmind.com if you want to sign up for that and if not come hang out with us in the brigade I run a community called the pirate traders and we have a membership group called the brigade it costs 10 bucks a month and you get to hang out just like this every day for the first hour of the day with that I will say goodbye because I got to go hang out with the brigade members got to have some fun as far as making calls for the market moving forward I would say bigger picture I believe that this if the ES can get above yesterday's high right it's always a if if it can get above yesterday's high then we know for sure but if we can get above yesterday's high on the ES I think we're probably looking at a sideways or higher week this week because if they wanted to take the market lower they should not make higher highs today so that is why I would believe we're either going sideways or higher over the week this week and intraday today as long as we remain above the overnight high as long as we are above 47 43 I believe the highest probability is that we want to test yesterday's high from there we will do what is called monitoring for continuation so we just assume it's going to keep going and we look for signs that were right do we get support do we break through resistance okay there's the repair of the poor high a sign that the buyers are in control bullish to see with that I will say goodbye to everyone in the book map I love you I appreciate you happy new year we'll see you next week members of the brigade let's ride