 Good morning everybody, welcome back to another stream. Hopefully you guys are doing much better than me Do you have a little bit of a cold? So Gonna be a little logic today But when is that never the case? Let's get started with the stream starting with yesterday sort of When the ends up really happening yesterday and just breaking it down see where we are sort of pull out Monit So pull out we sort of were expecting Bike high then a drop further down, but it doesn't look like we really got that drop further down You only really got a switch to the view app not really too much in the way of liquidations You can see some liquidations just not too many Not really what I actually like to see So yeah as soon as sort of hit out they hit out into sort of the range high So 10 o'clock it hit range high here and then it started just pulling down and consolidating Which is pretty nice. I mean it just shows that they want to they want to stay up here Perhaps some more long. So things just a longer term picture now. We're looking at in terms of for a stroke. I Don't think we're still sort of trying to let up on that short bias just yet It's sort of drought our weekly range There you go. That's the high. That's the low Nice little white color There you go That's our weekly range Monday Tuesday. So 50% comes in around here where we initially wanted it to sort of land yesterday there you go about 6 6 6 5 but Right now, we know this is long. We know they trap longs here As you can see that range they set here spiked it and dropped back down just consolidate into this It could have done if we just end up being bullish just purely based off of what yes has been doing Yes, it's been just sort of Climb upwards regardless of what long is And in that case, we'll probably look for Thursday Friday When we talked about how we have that news coming in that on on those days So Wednesday, I mean we have inflation rate for Canada in five minutes Then current accounts got a bunch of news coming in 10 o'clock. Nice 10 30 as well But major ones probably Thursday you know GDP a bunch of other news and And Friday we have personal spending and I think this is a major one here Even if we sort of go up If you start peeling upwards and just pushing high and into sort of 1700 territory I think Friday just ends up becoming the day we just call it quits and just pull it back down Because right now we're just trading back into the range. I mean Monday did define a clear clean nice range for to trade to Do trade just above that mean if you just look and contrast Monday versus Tuesday There's Monday you see how Tuesday just trades Pins pins stop hunts then pulls down. You see how controlled it was in terms of trading that but ultimately just Which trade high came back down just gave us a new sort of level there So we just got a look at it from that point of view that okay, this is sort of Our new area where we sort of trap belongs Nick sort of Princess is here I mean in terms of trying to capture it We still haven't taken these stops out if we're going for extra lungs, it'll probably spike just above here If we're looking for spikes Right now Don't think we're gonna get too many spikes. You can see sort of the long status is being cemented Just a lot of a lot of sort of short liquidations from the most part So that's sort of nice to say, okay, they're just taking out shorts from the market. So they're probably trying to pull it down Took out some lungs, then they Reconfigured it back up. You can see as soon as people got into a short. They just pulled it back up in that view at Okay, very aggressive on these logs here You see that definitely for it to try and calm down Hit some levels here that we were looking for yesterday It would be nice if again, it's not necessary in in this totality to do that We're just climbing up prior to Sort of having that inflation rates and inflationary Canada stuff like that and interest rates So again, a lot of lungs see if that sort of they start pulling it back down Generally, yes, not too bad looking Go over and look at the sort of chart for it Okay. Yeah, it's Like the daily we talked about how it just came under nice coming above over Now this is where we sort of say, okay, if we trap lungs here if start trapping lungs here I just under this level here. This could definitely just try come back down. Give us at least a double Double bottom Get to see if we get a second like oh if it drops down a much further will might capture that But generally you sort of bearish under here in terms of trying to trap sort of lungs especially considering that you have a lot I mean a lot of times sort of develop This sort of move here just until sort of 10 o'clock. So we got about an hour and a bit So as you can see if we feel that long up and we already are starting to build those lungs up Definitely sort of pull that down if it's just start fishing for lungs could sort of end up just pulling price further down So just waiting now one minute left till sort of the news There we go. We've got the news see what their reactions is Like I said, Canada is a made-up place. No reactions coming out from Canada There you go. That's quintessentially proof that Canada does not exist And I'm joking Like I said, I wasn't really too fast on cat and deal points. Just want to know them. It is ended up being higher year and year 6.8 inflation rate month-on-month up point one expected core inflation rate 5.8 CPI median a lot higher. It looks like Canada's not looking so hot What am I looking for? There we go I'm subtracted Hey, hey Yeah, I mean sure they build up longer means we still have that they sort of gain that stops out You can see they build up in terms of hit up on the high start stops here. So they took out some short stops Hit some icebergs on the Opposite side so someone stacking up heavy short here We'll see if they just spiked that then drop it down, but generally remember we gave that we gave an ES We gave an ear. We gave ES some level of maneuverability in terms of Ranges wise where it could just be bearish just looking at forward to show signs of trapping liquidity Once it trapped liquidity, we can definitely Make a case for it to at least try and Find itself at least here if not much lower just because this is our first level of actual support Sure, we have some here. I guess I'll be very shallow, but in terms of longer standing or a be more Stronger support or just a stronger support rather It would be around here So definitely seeing wanting to see what that does We look at Ethereum And I think I'm gonna cut this like what? It means like a 20-minute live stream like my head is just ringing I think someone just hit it was like a still drum and I just I just can't Think straight Ethereum, so what do we even say about yesterday? We see coming in Are you able to go over spine SBX? Sure. I mean yes, it's pretty much similar But yeah, why not? It's just future data Good morning so theorem here You're seeing spikes high just constant fishing finally cemented on that one-hour source Resistance level. We'll see if that just drives it down again. It would just depend on what yes is feeling like today I mean, it shouldn't be it shouldn't be sort of to sort of resistive Next sort of case we're sort of making in terms of support wise. It's probably all the way out 26 I mean resistance wise again. You got these two levels here Don't support wise I mean you got the top of here as a very shallow one and then you got a lot of deeper retracement But generally it's very tightly consolidated Relative to what Bitcoin has been doing I guess Very controlled in terms of what levels they've been hitting Let me see if they have supply on here How they do Has been so long since I've looked at this chart, but you can see how this is held Yeah See how these levels just hold like definitely. I don't know why that's not there, but No, it should be here. There you go and here Move this There you go. I think I was just using weekly colors like it's not color coded like how I want it Yeah, it's not color coded. Okay, that makes sense Now we have a weekly range. You can see how shallow that weekly range is It's from what 370 to to 420 nice So this seems like will be our range for the weekly side of things Monthly, I mean you create that top out here Like and then the bottoms all the way here You can see how that came in what set 2017 played out 2020 and also 2018 Verlissimo and this is why I really like these Yeah, there's a bunch here. Okay. Yeah, you can see your monthly your weekly your daily. It's just all here They just says hi There you go. Let's remove one of them Let's remove the weekly. There you go up to the highest order Yeah, so now we know 420 to this is our range. I mean pretty sort of prevalent within the ES as well Sometimes just support wise where we're trying to catch it. That's the real thing I mean right now trading under slightly just above what yes has been trading again slightly different volume profiles or Traders coming in so a lot a lot of the time you might get a slightly different Slightly different points or pivots Just because it's not a 24-hour market as well But you can see we come down here once this opens you'll probably hit what? 79 so it's just basically trading currently around here once we open not real too much change As you know a a yeah a a is all the way up here, man. Oh my dude. There you go Hey, you say we opened here So technically just open to this close close up this void here You see this gap that we have here if we open on this gap could just fill it and just drop back down further Weekly sort of support again like I said about 370 in terms of long-term standing ones But definitely looking bit spicy in terms of There's your traps just done with everything. I mean finally broke through this even if they hit into this, they'll probably drop it down Looks pretty decent for a Continuation down. I will see if it holds at 370 and if it can find some hope there to then try and trade trade up higher But we can sort of do between these two levels oxide What's the ticker? That's the thing give me a ticker See 50% was here between those two ranges well far within this If you drop out But I'll be asked Life is pain Noxide I mean, yeah, that's pretty much all I got for spy. It's just pretty much similar to a It's not an exchange. I know Let's see some the oxide caught this. Oh My god, so bullish. Wow I'm sorry. Oh my god. You want this? I don't know man. This is what you guys want to take as well. This number's men. I don't know man. It doesn't look too bullish It's bearish to me anyway Let's just don't get distracted anymore Slowly coming down. I mean to be expected Yes, it's just hanging around I think we wait for the open see where we slam it see how we feel And from there decide if you want to sort of drop that further I mean sort of trading this now becomes resistance So we want to drop it further if we want to drop it further We have to be spot off stay below there and just show a desire to I want to trap Longs above and and not really Hang around above it too much to release sort of traders Not too much to say that I said probably gonna end up cutting this I think I cut it soon like you guys like put some like questions in Probably actually like get my head on something. I don't know that it's just Yeah, that's a thing like people say painkillers work, but they don't like I had like what a very strong painkiller like a what codeine and It just doesn't do anything Think I'm one of those weird people start like I just like super resistant to medication Like painkillers have never done anything for me ever They've never killed no pain. I mean looking at a vax They more tamers just tapping below here. Everything looks overtly bearish You'll see if you can hold the weekly if you can you probably bullish on that You got a four-hour level at 11.85 Atom we'll have a look at that Yeah, again doesn't look something that you want to really enter into I mean probably got a nice retest on this So maybe we can get that stretching out to what? 9-1, but I doubt I doubt we get that Relicently speaking if Bitcoin has wants to go down Everything just wants to I think is in the state where it's just trapping long So I think that's where you you want to be where you don't want to really take longs in this market if you want to show it you can show but Necessary doesn't I don't think you get you can get the best entries anyway for longs So it's either a waiting game if you trade spot market or it's a shorting game if you're if you want to take it Look at bands, I guess Yeah, I mean Same thing she went on the daily pushed it out. She's giving a nice little double top here The short throw just under the previous volume node here probably look for it to drop further doesn't really look Too sort of threatening in terms of like, oh, yeah, it's definitely gonna just pump on you But it just looks decent if we already talked about I mean Golds at resistance now. So if this comes down, could she look for things to go up? I Would say bullish for spy. Would you say it's would be bullish for spy in the beginning? I know of these are reshaping stator It's gonna hit you those I don't I don't think you're probably looking to be too bullish and spy just yet There's what I Sated and we're basically opening up we're opening up around here Just filling this in here and this is just instantly archic cool We've got a nice little gap in if we can re chase it down to here Maybe we have some cause to say. Oh, yeah, that's support but generally we're probably looking for the greater level of supports here and here If we can hold this then you're sort of probably bullish Probably bullish Generally speaking, but look how we're just gapping up Usually gap ups that I don't really something you want to trade. I mean, I mean, you don't want to trade long is what I mean As you go there you go. There's your gap up and then push down Yeah, I mean some cases where gap downs do end up or gap ups do end up going into the directions You can see was a gap down just filled in and just pulled it back down The same thing here gap down pushed it in just filled it to some extent extend and just pulled across As you gap up that pulled back down, but generally so If we fill here, we can have alternately just gone higher But generally you can see days where we do have gap ups and then we can sort of trade Trade above and just a whole holding to new low on your highs It's a fun you're far between So you got it. You got to take it with that in terms of I'll get cool Ideally, you don't really want to trade the gap up especially if it's hitting into sort of resistance This just gapped up into free flow And then there's your sort of field target here and there you go We filled that there then we started pulling back down Can I pull out the indicator? There you go You can see it here. This is your field target and they filled it perfectly here So probably want to see if I can you got some Evencies here if you pushes it down Especially considering we have that volume pre-existing here. I mean this again every long just prior to sort of open Was sort of holding out on sort of data points. I think We're probably looking at down the current account as you wait. Wow Damn That's nice Yeah Yeah, I've got 10 o'clock as a sort of point. We want to look at sorry. I'm my mind just went blank for a second And you sleep Yeah, but again, we're holding this out We'll see if it spikes it higher just starts playing with sort of foods try to get some stops and pulls it back down Jenny wouldn't be too much to jealous Yeah, I mean looking at theorem Pretty same sentiment. Look how heavy this is long here Some liquidations on the lungs, but mostly sort of small liquidations on these shorts Worst case again, we spiked and dropped down, but generally we're expecting some sort of retracement out of today I think Considering we held what when Wednesday Tuesday here. Have we just held holding Wednesday here? I mean, I think it's far gone Just doing this. I think You might expect this like a little double top just get liquidity then pull it down if anything But look how yes is already setting up long. This is just tip trailing behind It might snap very aggressively if he starts moving up Very aggressively. So it's just something that you want to take into account I mean if we get 65 is if you get 16.5 Probably looking for higher afterwards. We'll see if it holds it Because that will sort of correspond to sort of again We're up here Gap down get take out loads here or take out these loads here Maybe goes down further who knows but generally looking for downwards But I would set sort of 16 as your sort of first sort of target point And just look for maybe if it takes out the weekly low if it takes out the weekly low You're probably looking to reverse it Alternatively if we go high We're probably gonna end up holding just outside and just playing without food until sort of Friday Thursday comes in So bad worse off numbers Again, if we get the same reaction that we as we did here where we whipsaw We whipsaw up high take out the range high take out the range high And then we can sort of just pull down. We'll see if we pull down Aggressively or we just do something like this. We just tapers off here and just consolidates In depends on how far this range expands 10 o'clock comes in you get that range set Drop it Or if we got a go low Drop it push down. So, I mean some of this is where they do it like this. Yeah shallow response ends up just tailing into this But generally sort of in decent hands if you're stop hunting sort of stop hunts and Understanding them Uh Again, you can see that you're sort of heavy offset of longs pushing out a bit further Still just gain insane amount of longs most of them not even liquid liquid So that's something that you want to even you want to know just say, okay, look got all these longs here We've got some shorts here Okay, which way do you do they want to break legs or do they want to break legs both ways? The volume doesn't look too good holidays. Yeah, I would think so, too Holidays. Yeah, it's it's that's why there's probably might be some sell-off I mean, there's usually there's usually is sell-off during sort of Christmas times when people are sort of on vacation Going and planning to go vacation When is Christmas anyway? Is it on the Saturday? Is it the 24th or the 25th? Yeah, I never remember Like actual general question is Christmas 24 25. I feel so stupid Uh, hoping sell-off on gold Saturday, I think. Okay, cool Yeah, the 24 24 for night. Okay Oh, yeah 24 for me, uh, it's Saturday 25th is Okay Christmas night and Christmas day. Oh, okay There's a 20. I don't I don't know why I always get confused like Someone I every other year like on every year. I always I always forget and someone always has to say, oh, yeah It's just no it's on this day You'd think I'd remember after a certain point This just shows you how bad In my head says, uh, you're hoping for a sell-off on gold. Uh Same here. I think like it should be in a position where you should sell off And if it does we probably might be bullish. I don't know I don't know You can see like double top tracks more volume here Just trades here. Look. You can see it's between these two buffers It's into these two buffers see if it drops down if it holds here It's sort of thinking as a bloody hell shallow point. They'll push it up into the weekly high If not, they'll probably drop it down to this low resistant weekly And then we'll see what happens from there But generally double top. Well, I mean basically triple Get rid of these I mean, yeah, but again could buffer it here push up But generally you can see double top Could easily pull it down if it looks bearish worst case worst case depending push down That vix is uh in Tego and poly means gonna die Uh, let's see. I haven't looked at the vix in a while. Uh Even here damn low volatility actually need to go on daily Huh See I've got damn it. No, what am I doing? Oh god damn. I'm so dumb with this Uh, I do do do I want the future. So yeah, I mean People are expecting some amount of volatility on either side Uh Yeah, I mean what two three two one expecting less volatility on the forward contract and lots of things Uh, which is interesting enough So, I mean implied sort of volatility. Uh, yeah, sure. They were expecting it to be slightly higher Do you think we're gonna get a next rally? Uh, I think we're probably gonna Yeah, uh, if only just to sort of entice traders That's the thing market just moves in places where it just wants to uh make traders uh Want to trade the market and give them hope So we'll probably get a rally sometimes if only just to say hey The market still is alive. Please trade me Uh, yeah, but yeah volatility index is low might expect it to go up higher Apart starting sort of January And I mean we're already expecting two three Starting I mean people are trading the contract in front And we've got a large amount of sell off here, which is interesting. We're just getting even that slightly. It's not too much Uh, but we'll see if that ends up just creating that. Oh Just spot is just an insane amount of sell It's ass and nine I don't know. You guys got any more questions because I I actually need to rest my head like I'm actually like I'm not I'm not in I'm not in any positions to still be awake You guys know what you guys are doing today. You guys know how to trade today I should be good Try holidays try holidays too, man I'm sick. I feel like shit good day. Uh, yeah same Okay, man, that's if that's all you guys That's it as for today Uh my head hurts That's all you guys want, uh, hopefully you guys know how to trade today. It should be relatively easy Uh, probably looking for if you get a spike high on these 10s, you're probably looking for a job If you get a low, you're probably looking to go high Uh, watch out for yes's reaction or a spy if you don't have real-time data Uh You can see it's already sort of pegging up We'll see if that pegs up leads to a downfall But and that will sort of if it goes high it will drag it high on bitcoin Which will never have to be dropped at some point Uh worst case is uh for today is just instead of being a short day. It goes long It hangs around here waits for Thursday to drop But those are your scenarios for today. Hopefully you guys know Uh, can I get trade today safely? Other than that Take care of yourselves. Uh, enjoy enjoy your day and trade safe I'll catch you guys next time. Peace