 Here's the key, right? Here's the key from more downside. You see the bottom channel here, right? You see the candles low from July the 24th. If it loses that July 24th candle low, there's another 12 points. 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 AccessaTrader.com nightly wrap up show. Hope everybody is doing well. Crazy day. I mean, absolutely crazy day. We'll get to that in a second. If you are brand new to the channel, thank you very much for tuning in. Like, subscribe, share all that good stuff to support the unbiased cause of technical analysis. That's all we do here. We don't guess. We don't forecast. We don't have a bias. We don't love a stock. Hate a stock. We just like channels, right? Whether it's long, short or indifferent. We like channels. So let's talk about today, right? The last time we spoke was on Tuesday. Wednesday, yesterday, I had to do something for my mom. I had to drive into Brooklyn. So I didn't have a chance to draw. I didn't have a chance to record the video. You guys remember yesterday, the day before, the big number was coming out last night was Metta. If you guys remember, they were coming in for the 320s, 325 calls. A buyer came in. Let me just show you guys. A buyer came in right before the close, right before the close, right here. A buyer stepped in with the $600,000 premium of the 327.50 calls. And here are the pivots. Here are the pivots that was yesterday. Again, congratulations for you guys. Not only who had Metta overnight, but for those of you guys who traded after hours, 306, obviously you saw the stock went to 326. 320, so just a big, big move. So everything started spiking today. As you can imagine, what we talked about, the queues reclaiming back 380.50s. You guys remember from Tuesday's video, 380.50s on the queues? So everything started spiking, right? Everything, way over their numbers. And the hardest day you're ever going to ever trade is a day that the market is spiking well outside of their average range to their top of their channel. And that's what we saw with a lot of stocks today. But everything was all good, like really, really all good. And if you see here like the early pivots, the early pivots in the morning, just to give you an idea, I just want to kind of segue to exactly what happened after, right? You have Tesla, you have, excuse me, you had Google, 131.20 needs to build, right? Google absolutely, absolutely exploded, right? Here was Google, absolutely exploded, took out 31.20, went to 33, right? Everything was going one by one. Tesla never got to 273. We'll get to Tesla in a second. This little one, GO team $4 needs to build, not a big move, but again, who knows me? Is this a big move? Stock went about almost 20 cents. Is it a big move on its $4 stock? I don't know. I don't trade this crap. NVIDIA, big move on NVIDIA, right? Big, big move. Again, they were coming for the 520s, 525s, 466 needs to confirm, reject the twice. So here is the pivot on, here is the whole pivot on, you see this whole 466, right? 466, 466, 466, finally got above 466, went to 473. Just an absolutely huge move there. Riot didn't do anything. It went up like 15 cents before it died. Actually like Maher as a short tomorrow. We'll get the individual names in a second. Letter U, 45.20 needs to build, right? Here was Letter U. So it took out the 45.20, went to 47. So like, wow, everything's just absolutely exploding. Huge moves. One after another. Even AI. You know, we caught this a little bit late. I bought this thing on the 43.20s break, went into the 70s, was ready up like two and change. You know, I'm not a bad trade, but nothing, nothing crazy there. And then things started to change, right? Things started to change. You see this guys, right? Let's revert to attention of what happened after. So, so a lot of big moves, right? A lot of really, really big moves. Everything was going well. Close your eyes for a second. I want to make a dramatic effect here. Right? Close your eyes for a second. So everything was good. Right? Everything was good. We're gapping. Everybody's loving the, you know, loving life. The air feels crisper. The food tastes better. You're better looking. You grew, I think your penis grew a little bit. Everything's all right in the world. And then slowly, but surely, you started getting a little bit of news coming out out of Japan. I don't know what the news was. Didn't sound crazy. Didn't sound like it was anything really, really important. The day before the FOMC meeting was a complete dud. That's a good thing. So he's taking this up. All right. You know, a little pullback in the cues, right? A little pullback in the cues. First red bar we've seen the whole day. Right? Not even a big deal. Got stopped here into supply. Not a big deal whatsoever. Not at all. We're about to take out highs. One little dip here, but it's still holding the bottom of the range here. Right? What can go wrong? We're starting to rally again. Right? Held the bottom of the range here really, really nicely. Got rejected at the Bollinger Band. Follow me here. Right? Nothing's going on. Nothing poor is going on. This market is strong. We're definitely gapping up to tomorrow's PCE number. Bear's never learned. Bear's never learned. Bear's never learned. Uh-oh. We're starting to get the bottom of the range here. What's happening here? Nothing. We're going back higher. And the next thing you know, right? Next thing you know, we'd start taking out highs, start taking out highs. Everything is rallying. Everything is all good. And then the world just ends. It's literally the world just ends here. It just absolutely ends. And the craziest part about the market is, and always remember that, you could be prepared 100%. Right? The good part about it is where at least we were in the webinar after, you know, after the morning session, we were pretty much in cash. Like literally we were in cash because there was nothing left to buy. Everything was so over exaggerated to the outside. Then we started, you know, we started seeing, you know, the cues give back to 81, give back to 80. That 80 was a big number we talked about in the last couple of days. Everything was, you know, starting to look heavy. And then next thing you know, the earth, literally the earth just opened up and just swallowed the bull's hole. And at the end result was just an absolute nasty, nasty reversal. You're talking about the cues going from nearly 385 to going to 375 within an hour, hour and a half, just an absolute, just incredible, just absolutely incredible. And in the process, it lost a five day moving average, the 10 day moving average. And now we closed at the bottom of the range here. And when you look at, when you look at tonight, right? You look at tonight and you see the earnings, right? You have Intel, okay? You have Intel gapping up on some pretty good numbers. You got Roku gapping up on some pretty good numbers. You have Ford, right? I think Ford now they're giving back a little bit, a little bit as well. ENPH getting, you know, ENPH getting a little bit hit here. ENPH getting hit here after the close. ENPH it's getting hit here after the close. But the key right now, if you're looking, right, if you're looking at the market tomorrow and you're seeing that the futures tick up a little bit just because of Intel and clock had good numbers also, right? So you see some of the semiconductors, you see some of this semiconductor spiking up the cues. But guys, let me just, let me just put it to you this way. The best way I can say it. Do you guys remember a couple of weeks ago we had a 2%, we had a 2% move down in the cues, right? And the next day the market gapped up. Under no circumstances do you ever buy a gap up after a huge reversal in the cues, especially if they close at the bottom of the range. So tomorrow a lot of people are going to, if the cues gap up tomorrow, there's going to be a lot of people buying this gap again. Listen to the data we have. We sold the gap up 10 point reversal to the highs to the lows within an hour and a half. In the process, we lost a five in the 10 day moving average. If you're buying, if you're buying a gap and go tomorrow, at least in the initial candle, again, nobody knows what's happening towards the end of the day. But if you're buying literally that first candle, you're buying it, there's a good probability you're buying stocks into supply. And if you remember what happened, right, if you guys remember what happened the day after, right, there was a massive reversal and we had an additional two days sell off. So you got to be very, very careful. The big number, right, the big number for tomorrow on the cues is going to be the 20 day moving average, right? You see this 374 level folks, any close, the bulls, again, this is not any interpretation here. This is not room for discussion. If the bulls give up the 20 day moving average, you can see here exactly how many times they held, right? They held the 20 bounce, held the 20 bounce, right? Held the 20 bounce. So we've seen so many evidence that the bulls holding that 20 day moving average. But if the bulls fail and the cues get below, especially on a closing basis, get below 374, it's going to be a problem. Okay, there's going to be an absolute problem. And the last thing you want to do is pretend that it's not happening because technical analysis is real, gravity is real. And if we, if the cues lose the 374 level, especially on the close going into, going into next week, there's going to be a different narrative for the weekend update. So again, if you are a permable, just watch out for the level. If you are a permable, watch out for the level. If you're a trader like myself and trader like all of us in the webinar, we don't care which way the market goes, right? Everybody loves the bull market. I love the bull market. But again, as they all know, stocks take the what stairs up and the elevator down and that 374 becomes a major line in the sand. So let's continue, right? Let's continue the pivots. So everything is all good. And then things start getting hit, right? So Microsoft, Microsoft got beat up on earnings. They held the 333 level, right? So once we started seeing the market get hit, certain big levels started coming to play. Microsoft 333, if it builds below, can flush. But more important, not only the flush, it can confirm the 50 day moving average. Guys, look at Microsoft, right? Look what happened to Microsoft here. It took out the 333 that was yesterday's low, confirmed the 50 day moving average. And this is the first close underneath the 50 day moving average from Microsoft. If this thing starts confirming the channel all the way back down to the July lows, this thing is going lower. Watch Microsoft for tomorrow. Tesla, what are we going to say about Tesla hasn't been said already? The greatest stock ever. I think I said the word 261 in the webinar today, over the last couple of days, probably 800 times easily 800 times. If you didn't know by now what the pivot was on Tesla, I don't know what you were looking at, but 261 was a major, major deal. So Tesla loses the 261 level, right? And look at this wash, right? Look at this wash, guys. So it loses this whole 261 level, just gets absolutely slammed, closes pretty much at the low of the day. Here's the key, right? Here's the key from more downside. You see the bottom channel here, right? You see the candles low from July the 24th. If it loses that July 24th candle low, there's another 12 points in the trade, right? There's definitely another 12 points in the trade. You have room all the way to the 50-day moving average of 243, 245. Watch Tesla tomorrow, guys. For all you guys who are not short, watch Tesla. This thing starts losing this bottom channel here. This thing can have room to the 50-day moving average. Don't believe a stock can get to the 50-day moving average? Just ask Mr. Softly what happened when it loses 50-day moving average. Very, very important level. Tesla definitely won't watch tomorrow. They started coming for the 250 weeklies expired tomorrow. To 40s, they started rolling in for next week's expiration. So definitely, definitely watch Tesla as well for tomorrow. Coinbase. Congratulations for all you guys who court Coinbase. 95.70 if it builds below can flush. Here was Coinbase, right? It took out the 95.70. Just got absolutely wrecked right into the 20-day moving average of 91.80s. Guys, watch the 20-day tomorrow on Coin. If Coin starts losing the 20-day after today's initial punch to the ribs, if this thing loses the 20-day kind of a mirror image with the NASDAQ 100, this thing could get hit as well. So keep an eye on that as well. So Tesla got hit, Microsoft, everything got hit. But again, you can't watch everything. But boy, oh boy, some phenomenal washes into the clothes. Congratulations for all you guys who are still short, whether they're runners, half size, whatever the case may be, hopefully we'll get an extension of today's action. I don't want to say I messed up Meta. From the outside looking in, it feels like I messed up Meta. I shorted Meta the first time below 318. It only went down 50 cents, right? It went down 50 cents. I didn't obviously take any off. So I got stopped out breakeven and made a cup of coffee on it. And unfortunately, later in the day, when everything got pulled, I wasn't in the trade anymore, which sucks. But here it is. So here is the 318 pivot. And unfortunately, it just, I don't want to say fake me out. It just wasn't ready. But when the cues got pulled, obviously Meta got pulled and damn thing, went only down $7. But it is what it is. Let this be my worst problem. Other than that, that's it. Other than that, that's it. So we're watching tomorrow, we're watching tomorrow Microsoft below today's channel, Tesla below last week's lows. Let me give you guys a couple of more names. Look at Mara, right? Look at Mara. Mara's sitting on the 20-day moving average. If Mara starts losing the 20-day tomorrow, man, this thing could get hit. Look at Disney, right? We've been talking about Disney for what, about three, four days? The flag just continues to build. If this thing just loses the bottom channel of Disney, this thing could get hit as well. So again, guys, be careful of the gap up into supply. Again, when you're a brand new trader, you don't know the difference between day one or day two. Everything's the same to you. But I'm telling you, after a big reversal, the last thing you want to do is trade that initial gap and go. Most of the time, you get stuck into supply. And what happens when stocks hit supply? It means emotional buyers are meeting technical sellers. Yada, yada, yada. Here we are. Guys, have a great night, everybody. God bless. Stay safe. We have a very specific plan for tomorrow. And if it plays out, like I think it could, we could get an aggressive day two continuation. Let's hope, right? Let's hope we can only be prepared. Guys, have a great night, everybody. God bless. And I'll see you on the field tomorrow. Take care.