 We talked about the very very specific numbers last night. I know both on the SPY's right We talked about that 283 level right 283 on the SPY's. We talked about in nausea for the last three days 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 access a trader comm Nightly update show. I'm not great at this social media stuff, especially like the YouTube stuff I know how it works It guys if you appreciate the free content here again, whether you choose to trade or learn the ps60 theory In the webinar, that's up to you. But if you enjoy the free content I do this five days a week including the weekends if you do like the cons the content and I want to see more of it kind of a day-to-day basis. The only thing we ask you do is Apparently clicking the like button helps out the channel supports the channel So if you like the free content all we have to do all we ask is you click that little button or other It's called and that's it go on with you. We go on today. So let's talk about the market, right? Yeah, you know today was fed day You know the anticipation was the 75 basis points So when they raised 75 was really wasn't a big startle But the intent was what's gonna happen next and remember the pro stock market is all about What's gonna happen next and what happened next was a signal of hey, we don't know what's gonna happen next So it might be some more Raid hikes and the initial move today was you know You saw the move the Dow went up 300 and then it didn't and that's the most important point You know again, this is violence We always talk about how a lot of bad things will always happen when everybody's on the same side especially in the same comments in the same Interval looking at the same thing and the wonderful thing about Trading is it's not the day. It's not today. That was the most important. It's the vital signs What happened yesterday what happened the year the day before and we keep it We kept on reiterating the point that that you know the Nasdaq just it was not rallying was not participating It's all the other indexes All the other indexes including the Dow the S&P the IWM will get to them individually in a second You know, they're above the 50-day moving average They were moving up with the honeywells of the world and the IBMs of the world and the the general motors and you know all these old Industrial titans of industry right and the problem was the Nasdaq never did it right it just never did it You know you had you know if you go video at the video at the video less three four videos We kept on talking about I mean how long you know how long can the nasdaq hold on how you know You know you had you know meta blow-up in earnings Google Amazon right Microsoft They all blow up in earnings Constant did not remind her over and over every single day They kept on going lower and as much as we had this really violent rally on Friday And it was because of Apple and not because Apple didn't have you know had the greatest quarter of the world Apple Quarter was okay, right? It was okay. It wasn't special It wasn't enough to say hey the economy is great. Everybody come back the water is warm jump in It was to the point that like there was a little bit of a little of a pause a pregnant pause and selling a Night came with the shining armor and kind of saved the day But the biggest problem is what happened after that right it nothing happened That's the whole point You had the big rally reversal on Friday, and they just couldn't get through if you remember last night's video We talked about they kept on getting stuck above this you know on this 281 70s 281 80s level into supply and they couldn't get through so when we were talking about today in last night's session We kept on saying oh watch your continuation of weakness in Amazon and Google right the stocks that blew up and in meta Right we talked about the very very specific numbers last night I know both on the SPY's right we talked about that 283 level right 283 on the SPY's We talked about in nausea for the last three days how important that 272 again All you need to do is go to last night's video You'll see how important this 272 level they held it up three times once two three times The fourth time on the reversal of the Fed was the dagger was it absolute dagger in the crowd as you can imagine You know we know the pivots were very aggressive take of course me I mean how can you not if our concentration continues to be on the downside Microsoft Google, right? Microsoft Google meta Amazon you know you can imagine it with the first group to get hit is those groups the stocks are gonna Gonna miss their numbers and you know today was a bloodbath once you know once they came out Once they came out and Powell stopped speaking and again. There's this 30 million sites and publications gonna break down the Fed I'm not one of them. I don't care. Okay, I just I just really don't care. I focus on Price action. It's not what he said. It's what the market is saying the market has spoken today Not only did the cues lose a very very important really super important level and you can see how much room you have here But spies gave back the 50-day moving average, right? We gave back the 50-day moving average that we reclaimed only three days ago and again the old Adage or least my adage is above the 50 is bullish below the 50 is bearish again spies closing below the 50 Cues continue to trade below the 50 taking out a big massive channel here of 272 Look much room you have you have room here the 259 for the next channel. Look at the IWM, right? IWP had a great run. Okay, really really great run on one candle took out one two three four five days of buying It's still above the five the 50-day moving average So the line in the sand for the IWM is gonna be this one 77, right? If IWM holds this one 77, I guess it'll be okay if it folds below this one 77 Well, then it's gonna join the S&P and the Nasdaq and if you look at the Dow Jones industrial average, right? It didn't have this methodical Destruction of price action because it had such a big move and it was two weeks removed from the 50-day moving average But hey, it did lose the five-day moving average It's not panic time yet on the Dow on the Dow just because it's still above the 10-day moving average But again what we saw in the market today again, it's it's very very tough and I want to speak in terms of Technology only, okay? I you know, I'm not a Dow guy if the Dow disappears tomorrow It's not gonna affect my life our whole universe when we talk about the market is the Nasdaq 100 at least my universe That's all we do. It's all I trade is Nasdaq 100 names So the idea that we couldn't rally The idea that we broke a major major level here, you know, three set 272 three times it held Right, you can you know, again, it's very very tough to turn around go You know, I really really like that stock long tomorrow. I really like that stock long You can look anything's possible. Like I say every single video Nobody knows for sure what's going to happen. We could only prepare and again We were prepared for the downside action today We're preparing for the downside action tomorrow if it doesn't happen But again, like I say in every single video don't at least we have to give ourselves such opportunity to swing In the direction of the momentum and that's the whole point That's kind of what I do every single day when I do my research when I look at stocks and they're breaking down their channels I'm not looking for longs. I'm not looking for a diamond in the rough. I'm going with them, you know With the avalanche. I'm not going against it, right? And that's the most important part Understanding again the dynamics of the market could change tomorrow the next day three days from now three weeks from now But our job is to determine risk versus reward reward versus risk and that you know in that order And making sure that what we're looking at as a clean path to the goal line Has a lot of room has a big average to range and we have the high probability that if today's action does confirm tomorrow We'll get a day two and that's all we can Ask of ourselves. So let's talk about the pivots guys and again If you want to learn pivots, um, you know, they're pretty cool, man They really really are, uh, you know, we have a ton of people in the webinar Everybody's an open book. You can feel free to speak to anybody in the webinar It's it's a really cool thing But the most important thing is you're building as a trader you're not building as a person looking for alerts alerts are You know what alerts are alerts are an alarm clock when alarm clock rings the seven in the morning That's an alert. Okay, if you're a trader and you want to be a trader you have to define everything You have to put all the chips in the table and say look I want to do this for a living or I want to do this for some sort of capacity for a living I want to put myself in a situation that I don't need anybody nobody needs me right Nobody needs me the only thing you need is technical analysis And if you have the prowess of technical analysis and you feel comfortable the way channels Confirm whether to the upside to the downside Then you're taking a really really great step to being a professional trader If not again, you know, it's very very tough to kind of make hay if you're relying on others to kind of give you Uh, you know the alerts all that nonsense, uh, that social media brings so that's it It's kind of my little spiel there. So let's talk about the pivots for today Again, as as you can imagine, you know, really really great stuff yesterday Amazon had a great move phenomenal move. We talk about those earnings lowest plays. They're just great. Absolutely great Today 96 needs to confirm for more selling pressure. You know, as you can imagine There was some selling pressure great move. I mean, absolutely great move. Here's the 100 100 and 74 cents Here's the 96 the stock traded all the way down to 92 just an absolute phenomenal move on amazon google same thing It broke down Yesterday in 93 98 today confirm 90 37, you know, they were coming non stop for these puts all day guys All day they're coming for these puts. Look at look at you know, look at google There's a shot google gets down to 83 just absolute destruction microsoft phenomenal move absolutely phenomenal 231 held twice that was yesterday today confirm 227 30 needs to confirm the more selling it went down to 220 to the lower band Wolf remember wolf we were talking about last night, right? Not a name that I usually trade I traded it today small signs but traded today 76 60 if it builds below can flush broke earnings low This is the key to breaking the earnings low. That is your momentum. Here was wolf Right here was wolf, you know destruction, right? Absolute destruction on wolf Um, siri satellite, you know, I I didn't even look at I couldn't care less about this thing But let me see what it did six dollars if it builds can break. I don't know. Did I did anybody even trade this thing today? Probably not Uh, siri, yeah, what a waste of time Siri held six again Blah blah blah blah Spies again, here's the big number on spies 383. We talked about it last night in the video If it builds below can flush here is spies Absolute destruction took out the 83 10 almost 10 point move on spies Netflix again broke down yesterday 89 50 286 if it builds below can flush more off the 10 day. Here is Netflix Right, here's Netflix took out the 86th when you know went down 13 I mean really really big move there again. It's just one after another after another Gilead had a nice little spike into the fed but who gives a shit about that? Metta 93 50 stock is a 90 Is a 90 right now the video actually had a nice spike this morning on amd It went from 39 and a quarter only to 41 and change But here it is. You thought I was going to forget this guy. You thought are we going to forget you? We didn't forget you matter of fact We're just getting started, right tesla 222 support held twice if it builds below can flush Here is tesla, right? So it took out the 22 but more important it took out today It took out the range from 1028, right? If tomorrow tesla confirms we have room to 208 And then 206 so we have a lot of things on top for tomorrow a lot of good-looking charts All you got to do, you know, all you got to do is go through the naziq 100 You'll see a lot of names. Let me just give you guys a couple names too low I really like a lot looks great CRM looks like death Right CRM looks like death Snow bunny playing in the snow. Look at the channel here might flop On tesla obviously Amongst it. So that's it guys. So that's that's what we are. So again guys If you like the free content and you want to join us in the webinar God bless as a trial there for 30 days But if not if you can like that like like if you like what we're doing hit that like button I know it sounds cheesy saying if it's that's apparently the way the channel Is going to be helped and helped out and we can hopefully help you out as well guys Have a great night. God bless and I will see you all tomorrow. Take care