 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. Last Wednesday, big inverted hammer kind of blow off top. I like to use the word blow off top. A lot of people use that word. A lot of people understand that word instead of the blow off, instead of the inverted hammer. So last Wednesday, very, very similar. You had an inverted hammer off the daily Bollinger Band, which resulted in a very, very aggressive sell off to the bottom of the range. If you look at what we saw today, especially at the close, you will notice exactly the same thing. So here's your inverted hammer. Here's the inverted hammer. If you go through the charts all the way back, you'll notice that pretty much every single time you've got an inverted hammer, you're going to get a move to the downside. So here is the inverted hammer. Here, open to the downside. Again, it doesn't mean it's going to be Armageddon. We're going to go back to the March lows. All it means, it's setting up for the next day for lower prices. So here is the inverted hammer. Here's an inverted hammer. Hey, guys, giving everybody welcome to another edition of the Axis of Trader.com Nightly Wrap-Up Show. Hope everybody is having a great day. Good stuff, right? Good stuff today. We'll talk about the individual pivots in a few minutes. Again, the media today, if you turn on CNBC, Bloomberg, Fox, anything, pretty much anything, they'll give you 28 reasons why the market was down today. It was just kind of, it's pretty obvious, right? They blamed it on Corona. They blamed it on China. They blamed it on everything but the reality of what actually brought down the market. We talked about this last night and it was technical analysis. At the end of the day, when you break up market structure to its purest form, anything could happen in the world. As long as technicals and market structure are still there, usually things are going to play out. Again, you start seeing all across social media in the last two, three hours talking about, again, how can you see this coming? How can you possibly see this coming? My question is, if you believe that you want to be a trader, and again, it doesn't need to be a full-time trader. You could still be a part-time trader and still participate in the markets, but if you consider yourself an aspiring trader, whether you're trading for a year, a week, 10 years, or 30 years, what's your excuse for not putting in the work the night before to kind of put you in a situation to stop you, to stop what potentially could be about to harm you the next day. And yesterday, we talked about the inverted hammer. We talked about the ramifications of what happened every single time the markets did put in this blow off top. Again, I want to use kind of an easier word as we saw here as recently as a couple of weeks ago that we saw a 7% decline. So the game plan today was, you know, let history repeat itself. Okay, I think we had a really good game plan going into today's session. I think we kept it incredibly simplistic. Again, for all you guys who are not in the live webinar, obviously this is the first time you're hearing about this. But again, from last night's video, that's what our goal was to see if these stocks can start confirming channels back to the downside. Now again, nobody can talk about, you know, as we said yesterday, you know, you couldn't anticipate a 7% move like we saw in right here, right? It's blow off top on June the 10th, but we knew there was a higher probability of something right of something giving us some pretty aggressive cash flow. So usually days that the markets reverse again, we might be prepared for again because it's in the channels. It's it's in front of all of us. We have everybody's in a level playing field. But but last night we were really prepared because again, the history that was you know it was about to repeat itself was only a couple of weeks old. And again, for all you guys who are new traders, again, you don't need to know as we say all the time, you don't need to know everything about trading, everything about money management, everything about psychology. But the most basic things like hammers and inverted hammers, I think no matter what type of trader you are, it's just little basic things that you can start to build your foundation on. Remember, you don't build your foundation with the roof right to the pouring of the concrete, you start building your foundation with the pouring the concrete all the way up to the roof. And the idea that again, that this was something that most people got caught off guard today and got caught with their pants below their ankles. Again, if you call yourself a trader, and you and you claim that you do put in the work, right, it's not like something you just say, well, I do put in the work 30 minutes here 30 minutes there. Again, this is not some this is not a hobby. I don't care if you're a part time trader, you have to know your surroundings, you absolutely have to know the potential dangers and every single trader no matter if you're trading for 20 minutes or trading for 20 years, you have to put in that work the night before to protect you forget about even just seeking to get that alpha. Your job is to initially protect your capital against the money you save, not the money you make, that's going to establish the value in your account. And knowing the dangers before that bell rings, okay, you will be ahead of the April and again, if you go through social media, if you go through all these financial outlets, the Bloomberg's, the CNBC, the Fox business, the CNN's everything. Okay, they were almost in shock that this was happened and the audacity, right, the absolute amazement that a back test can come from technical levels was never even put on the table today on any of these channels any And again, if anybody just did a little bit of digging just a little bit of digging and saw what we saw the night before inverted hammer on the major indexes. First time in weeks we saw stocks closing on the bottom of their channels. And all we needed to do today was wait for that confirmation and good things and good things obviously happen. So let's talk about it, right? Let's talk about the pivots and then we'll kind of get the, and then we'll kind of get the idea of what I think is going to happen tomorrow. Okay, or at least in the next couple of days. So as you can imagine today, very, very aggressive day. Okay, absolutely aggressive, whatever you want to call it. And the funny thing is, it was just not on beta. Okay, that was the most amazing part. I actually put in some longs, right? I was I was definitely 90% sell buys. I definitely wanted to see some longs on this channel. Okay, just in case the market didn't confirm to the bottom channels. But if you look at what today did was some of the more some definitely some of the most aggressive action you can find. So again, so here is basically from last night. Tonight we discuss how my split by day blah, blah, blah, the inverted hammer most likely means we are going to go lower. Obviously, that was the plan. And again, there were a couple of pivots to the upside. Okay, the first one was ZM. We talked about that 255 level 255 256 level zoom actually got held up fairly well today. If you actually look at some of the stocks that did well, zoom was one of the ones. So, you know, we talked about this whole level here this 255 255 and a half 256. That first move was pretty damn good almost went to 59. Again, one of the one of the very rare names that actually did very, very well today to the long side actually still looks very, very good. So if you did catch that one, I was trying to primarily watch the downside. And let's talk about this guys, I mean this amazing moves absolutely amazing moves shop 906 if it builds below can flush. Here was shop. Right. So here was shop. Here was the 906 level right 906 went all the way down to 968. You can see why 906 was so important. That was the previous days lows. I mean this can't I mean these were all. It wasn't just shop. It was everything in beta at the same time it was like synchronized swimming. Okay, so it was a phenomenal move. So it started building above this 907 level and just got absolutely murdered went all the way down to 868. Apron actually did very, very well. I got a bunch of emails. I'm surprised how I'm not really surprised that the stock did well because again Apron is food delivery. So it goes the whole you know it goes on the route of the whole stay at home play again COVID is just spiking very, very aggressively 1070 needs to build and I was again very, very surprised. Not that it went that was very, very surprised that it went with pretty good aggression. So here is the 1070 and the stock went all the way up to 1140 again if all you guys are still long again. The theme is COVID names right COVID stay at home delivery name sanitizers conference calls anything anything to do with making your life a little easier but again great job on Apron Netflix if it builds below can flush I thought Netflix had a shot to I went a little lower than that so here is Netflix right so here's a 64 right here is the blow off top yesterday's low was 64. I thought it was gonna get down to 57 when all the way down to 54. So big moves really big moves here Roku I caught really nice trade on Roku 126 the five day held three times pre market for bills below can flush. I thought there was a shot it can get down to 122. The reason why 122 that was the rising rising it's I think it was 100 100 day moving average. It's sliced through here's the 126 it's sliced through one all the way down to 120 and a half again just the absolute murdering camp candles. Here's my only losing trade of the day when I say losing those 45 cents on Ali Baba so I got long Ali Baba I thought they were going to this is in the morning when zoom went. So I got long Ali Baba I thought there was going to be one shot at the 52 weekly highs it ran up literally like 31 and change. Once I saw this thing stall out I knew everything was going to stall out so that's when I really started focusing to the downside. I wanted to losing 45 cents on Ali Baba again when you think about it doesn't make a difference. SRNE again SRNE another name that again this is again I usually don't put a lot of these small cap names today I put two I put SRNE and APRN on the Twitter feed. SRNE when nuts 517 520 needs to build for small cap lovers again this has something to do with COVID right. This is a going again the whole COVID theme so it took out this 517 520 stock went all the way up to 560 really really big move and this is the first close over supplies for you guys who are trading. Especially the smaller names you should watch this thing for tomorrow for continuation looks really really good. NKLA NKLA is a very interesting name not because what it's doing but what I started seeing towards the afternoon we saw. Again for all you guys who don't know they make like electric like hummers like Hummer things they also make like pickup you know those 18 wheelers and stuff. So this is like a competitor Tesla let's not get crazy but you know we started seeing July 100 and July 110 calls coming in. For July which is very very very very important you know important to watch we should definitely watch this thing for the next couple of days. So this was kind of my notes ahead of pre-market anything on the long side just scalp scalp for the first 30 minutes to an hour. So here are those on inverted hammers on most names I can see buyers getting trapped on that first move and they pull the plug massive massive rug pull everywhere. Here is the next one too low 212 of builds below can flush here was too low. Right so here is the 212 here's the 212 one all the way down to 209. And the video got hit as well 376 of the builds below can flush. So here is the video 376 right took out the 376 went all the way down to 365 just just destroyed absolutely destroyed. Again I forgot there was another small cap name or smaller cap name APT 1820 needs to build again the whole mask corona thing name so 1820 right here's the 1820 it broke 1820 went to almost 21. Again just again we had literally something for everybody today which again I usually don't put these lower price names on the feed but values value. Draft Kings 3760 if it builds below can flush. I wasn't watching Draft Kings I don't know so I apologize. What's the symbol again D DKNG OK DKNG DKNG Draft Kings what I say 3760. Yeah I wasn't watching 3760 looks like it went to 3650 so if you did take it as only a dollar move but again it is what it is beyond again beyond I still like all these things lower tomorrow 150 if it builds below can flush. I stopped right at pre market lows if you see where it stopped right here's the 150 and it traded down right to pre market lows of 148 and a half. Obviously this is going to be the pivot going for tomorrow zoom obviously take on the way up this is from the morning SR&E take on the way up. Oh yeah so this is the definitely the trade of the day 100% so two levels we were watching if you guys remember you know it just couldn't break out for like two weeks as the market was going higher and again the old adage goes whatever doesn't go up must go down 990 was the low from two days ago 982 was the next low. So I said these are the two levels. If they build you know they could pull the plug on this thing really really aggressively. I thought it had a shot to get to the 940s for the rest of the week especially if it confirmed again nobody could have planned that the 990 pivot right and here's a 990 pivot would have gotten this thing it took out 990 took out 82 and that first pivot was all the way down to 969 and obviously the next pivot 969 we talked about when all the way down to 990. So the first hour you got a $45 move on Tesla incredible definitely definitely move the day especially for me as well so phenomenal move phenomenal move. Roku was really good for me as well Roku shop destroyed and at some point I had to say oh my God I mean it just kept on it started skipping dollars. So incredible absolutely incredible move there nice move there and new lows. Amazon 2740 if it builds below can flush more. Here's Amazon right here's the 2740 these two candles 2740 went down to 2720 still like it lower for tomorrow. Netflix again 461 464 was a pivot 461 sees 457 went down to 454. You can see just some monster moves just monster moves everywhere I mean everywhere just monster moves everywhere. Just insane just an absolutely insane day everywhere like literally everywhere going into tomorrow. And again guys if you thought and I said this on I said this on Twitter and I really mean this. Okay if you thought today was aggressive keep something in mind we haven't we didn't even confirm technical damage yet just that just to put into perspective. Now again can we get a dead cat bounce tomorrow very possible right very very possible if you look at the mantra in this stock market every time we get any type of aggression there is a bounce. However the value for me tomorrow is to the downside. Okay if you look at how the cues close that it touched the 10 day moving average and bounce if this 10 this 10 day gets confirmed tomorrow. Today's sell off will look like a day at the beach. Okay I give you my word and when you look at and when you look at the names that got hit today they haven't even started falling. Okay if Amazon confirms the five day moving average there's another 60 to 70 points in this trade. If Netflix confirms this five day moving average tomorrow you have at least 14 to 18 points down. Okay if Tesla confirms this bottom channel here okay today's action first it goes to 940 any close below 940 I mean ridiculous and you can go on and on and on. You can just literally take your favorite stocks and the video again held the 10 day this 10 day confirms is another $8 to $9 there shop right shop. Look again it remounted the five day this five day gets lost tomorrow the next day or next week whatever the hell it is there's a there's at least another 50 to 60 points to the downside. So I look my sell bias I'm definitely sell bias going into tomorrow's session. We see a lot of you know a lot of setups here that if they confirm and this is confirming very very small levels of sentiment we're not even close to technical damage this is what this is the most important part of kind of this video. So again don't look at you know we're not even close for a sell off yet the market's still in a very very aggressive range big upside bias and again a lot of names held their five and 10 day. But the key is going forward if they do confirm that five 10 day moving average depending what stock you're looking at there is a huge huge potential that's going to make today look like like a day at the beach. So hopefully last night's video helped a lot of you guys for all you guys who are new traders again I know sometimes periods of your of your trading career especially in the beginning to be very very rough. It's not going to make sense you're not going to get it you're going to think the walls are closing in but again remember it's only the natural progression of what every trader thousands and thousands of hundreds of thousands of traders before you have went through. So it's all part of the game. It's all part of the learning curve. It's part of your kind of initiation the first three three to five years is kind of your initiation. But don't worry it gets better with time experience and the omission of bad habits guys have a great night everybody. God bless. Super job today. There's nothing really up to say. And with God's help I'll see you all tomorrow congratulations for putting in the time to take control of your trading your one step closer to owning your future and achieving the success you desire. Want daily trade ideas directly from Dan straight off his personal watch list. Unlock our free PS 60 vault where you'll get nightly updates on pivot opportunities we're watching for the next day session. Click the link in the description to get started today.