 Welcome to Access to 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 AccessToTrader.com. Nightly update show. Hope everybody is doing well. Hope everybody had a good trading day. Thank you very much for tuning in, especially for your new folks who are stumbling into our channel. All we ask is, if you like it, just like it, subscribe, share all that good stuff, and then we'll handle the rest. So really quickly because I have to go take my daughter to basketball practice. If you watched last night's video, again, we talked about very, very specific numbers. We talked about that October 12 high of 37370s, right? That was going to be a major, major area for the bulls to possibly either reclaim or get rejected. If you watched the video, you could see exactly what happened today, right? We got rejected perfectly at the top of the range. Look at the high of the day. The high of the day is literally 37370s. It got rejected perfectly at the high of the day. The cues started pulling in. They got rejected about $2.5, $3 from the highs. They came back in. Here's the crazy part, right? Here's the crazy part about the cues coming in. The rejection was perfect. Again, congratulations for all you guys who did take it again. Like I said in last night's video, for all you guys tuning in, the least I can do is give you very specific prices on the cues. So thank you very much. Hopefully you participate and hopefully made some money on our research. So here's the most ironic part about the rejection today on the cues. Nothing went out, right? And you can turn around and say, well, how can nothing go down if the cues got rejected? Well, there's a big difference between the stock going red and the stock moving lower, right? Look at a name for example, like Amazon, right? Amazon was red today, but it's not going lower, right? Why is it not going lower? Because it didn't take out the previous day's low. And that's kind of my point. If you look at the majority of names, whether they were up today or down today, on that rejection, that perfect, perfect rejection, like I called yesterday, a pregnant pause, right? If you look at the majority of the names, they did not take out the previous day's low, and that's the most important part. So even if you look at the cues on that perfect rejection, you can see here on the 60-minute view, what happened here, right? So they got rejected off the 60-minute view perfectly in the 7370s, went all the way down to 370s, 60s. So again, this is a three-plus point rejection off the top of the range, but in a bull market fashion, they started creeping back. And the cool part about it is even with that rejection, guess what didn't happen, right? The cues did not take out the previous day's low. Look at Amazon, right? Did not take out the previous day's low. Look at Microsoft, kept on price improvement. Look at NVIDIA, we keep on talking to NVIDIA from that breakout in 350. NVIDIA wants 476. It looks like it's just a magnet to 476 prior to the 1121 earnings report. This thing just keeps on going. Apple just keeps on going. Square today woke up on its earnings highs, keeps on going. So it must be incredibly frustrated from bears, even when you get a perfect rejection. And most traders did not know that perfect rejection was there. I'm not saying I reinvented the wheel, but again, after 25 years, you kind of know what to look for. The most important part, the most interesting part is the NASDAQ now is up what? 9 days in a row, 1, 2, 3, 4, 5, 6, 7, 8, right? Tomorrow will be day 9. And again, the thing you keep on hearing is they can't go higher. It can't go higher and can't go higher until it goes higher. And that's the most important part. How do we know there's going to be a back test starting, right? How do we know? It's very simple. It needs to take out the previous day's range. So always today's range, right? Today's range on the cues with 370, 60, right? You don't have to guess. If you're trading the ETF side, that is your range. If we start tomorrow, start losing 370, 60, yes, we're going to start getting pulled. If Amazon tomorrow starts losing today's lows of 4120s, we're probably going to get pulled back. So whatever your stock you're looking at, again, the theme this week has been don't guess, right? Don't guess. We're still putting in higher lows and higher highs. Don't guess. All they need to start doing is building below the previous day's range. Building, the word building is the price action needs to start and continue below the previous day's channel. That's what the word building is. So right now, the bulls are still in control. You have Disney coming out with earnings today after the close. Looks pretty good. Looks pretty good so far, about nearly a 4% rise. There was chatter today throughout the day that Disney and potentially ESPN and the NFL and the NBA could be maybe working out some sort of deal. Again, I'm a big fan of sports and a lot of you guys are as well. But ESPN is one of their hemorrhaging businesses. Not great. That's why they fired like 70 on-air personalities about three, four months ago. But Disney is surging today after the close. Is everything surging? Not everything is surging. Look at the name, for example, like Tesla. And here's a very, very interesting chart. If you notice, I haven't talked about really Tesla for the last couple of days because Tesla's been in this really, really tight channel. It's been losing the 200-day moving average, reclaiming it. And you could see how tight this channel is. And it's not going higher. It's not going lower. But in the last three days, you can see it's putting in one, two, three days in a row of at least higher loads. And that's a big thing and it keeps on holding the five-day moving average. I'm watching Tesla for the next day or so. I don't know which way yet. That's the whole point. I don't know which way yet. It's obviously putting in lower, excuse me, higher loads, but it's not going higher. Ironically, we are seeing some pretty good call buying coming in, you know, $10 out of the money, $15 of money with absolutely no price action. Do they know something? Do they not know something, anything we don't know yet? But I'm waiting for the price action. So I'm definitely waiting either below the five-day moving average or the buyers to kind of gas out and die. Or we're watching the top of the range here, which a couple of times now the bulls have gotten rejected off this level. It's definitely a name we want to watch for tomorrow. Well, at least not necessarily tomorrow, but for the next couple of days. A name like META, right? META is just getting tighter and tighter and tighter. We had a nice trade the other day, two points off this 19 area. It's just getting tighter and tighter and held really nicely off the five-day moving average. Is this thing ready for another leg up? Right? As long as the market stays up. Square. You know, square today, this is the highest close in its earnings formation. Is this thing potentially going to get above the $53.50 supply and keep going? Again, a name that we're definitely worth watching. Look at Coinbase. Right? You got Bitcoin surging. Look how tight Coinbase is getting, guys. Look at this. Look how tight this top is. It's been rejected off this top of the range here once, twice, three times, four times. Eventually, if Coinbase, and what I noticed about Coinbase, well, you guys, especially who trade in the options market, once you start seeing Coinbase get deep out of the money short-term expiration, that's what fires up the stock. That's what really, really gets it aggressive. So watch Coinbase in the next day or so. If they could finally get above the top of this channel here, if Bitcoin has one of these surging moves, who knows? Maybe this thing can start going crazy as well. Look at a name like TTD, for example. TTD gapped up and now it's just going sideways. Is it going to confirm tomorrow? Is it going to confirm the next day? Or is it not going to confirm at all? We don't know. But again, it's a nice, tight consolidation as well. And a name we talked about a couple of days ago. Look at Crowd. Crowd is just nestling on the Bollinger Band. If the market continues to be strong, maybe this thing can finally confirm above the Bollinger Band and start moving up here. So there's a lot of names that are still looking pretty good. Do I want to be in anything overextended up 9, 10, 12 days in a row? No, of course not. Not at the strength. A name like NVIDIA, you want to buy into weakness. Any day that the stock opens up lower, the problem is the stock doesn't open up lower. It just keeps on gapping every single day. But those stocks you want to buy on dips, because again, they're so stretched out, if we do indeed get a pull, there's going to be a problem. You're not going to lose 50 cents on NVIDIA. You're going to lose dollars. So it's very, very important to kind of at least on strength and stay away from the video. But any type of weakness and to rise in support, that's where you want to be. And we kind of end this abbreviated session with the cues. So guys remember yesterday, we talked about the potential pregnant pause, right? I didn't think for a second this was going to be the top. We talked about the 73, 70s level. I know a lot of you guys traded that level. I know a lot of you guys had really, really good trades at that level. Here's the problem, right? The bears did not finish off that job. The bears did not take out the previous day's range and at least test the five-day moving average. So it basically is telling me is, there is no selling pressure right now, right? Tomorrow we could be having a different conversation. We could have a completely different conversation tomorrow. They say, hey guys, remember how good the market was? Well, today you took down three, four, five days worth of selling literally a one candle. That's on the table. Remember, the further we go from a big level, and again, the 50-day moving average was $64. This is $10 ago. So the further we go over a big, big major level, the 50-day moving average, the higher probability you could get pulled. But again, if you are going to be watching for stock, it's pulled. Just watch the previous day's range. That's it. That's all you need to do for waiting. Don't guess. Don't estimate. Don't anticipate. Just wait. Here's the other side, right? Here's the other side. The fact that the bears could not finish off the job and really stamp their double top here on the October 12 highs. Guys, watch that 74 level. Watch that 74 level. Because if the bulls start building off that 374, maybe we could get that really aggressive crescendo week and run into that 378, 381 level. So we're set up on both sides. Market continues to be good. The leaders continue to lead. They continue to put in higher highs, higher lows. The question is, how long could this last? We don't know. I'm not going to guess. But we are always ready on both sides, and we stand ready for that. We are always ready on both sides, and we stand ready for a technical entry on both sides. As long as there's a feasibility study and the probability is in our direction. Other than that, we're not in the guessing business. The last thing we want to do is try to be smart and forecast where you think the stock is going to go. You're not going to be doing this for much longer. So guys, have a great night, everybody. Again, watch that 374 level for the next couple of days now on the Qs. We know where it got rejected. We know now where it needs to build. And that will be a very, very aggressive level. And if that's not the case, watch the previous days' low channel. That's going to give you a very, very good area of interest. And if that confirms that, you know there could be a violent pull. Guys, have a great night, everybody. God bless. Matter of fact, tomorrow is Thursday. I don't usually record a video on Thursday. It's usually my night off. If you are planning to join us in the webinar, hey, feel free. Try it out for 30 days. I think you will like it. Guys, God bless, everybody. And I will see you all tomorrow. Take care.