 All right folks welcome on back here this Tuesday morning November 14th just checking the date there of course here for another fantastic edition of our trader stock workshop a bit chilly here in Florida might I say also they've got the AC cranking so got me in sweatshirt form today great to see all of our students and members alike Rod Ron Dan Grant Margaret trying to twist my tongue early our students here on the chat board we had Lewis Charles just before one of our new trial members Damon L great to see him and great to see Wendy one of our longtime students as well a bunch of our longtime and returning students here see to you here once again Phil as well so folks hey let me ask you what happened earlier today what happened earlier this morning I got a double check here because I got all my lights on I don't know why my home office I still look like I'm in a cave here but right should be good what happened this morning folks you got to have your you know finger to the pulse of the market and realize what's happening not just week to week but day to day and your forewarning this heading into this morning from yesterday but every one of us should be saying like Mark and Wendy are the CPI report obviously there's more earnings to be announced throughout this weekend today and yesterday and what you don't have the CPI report coming out every single week every single day you know it's every month mind you but you happen to see a large reaction from that point up or down depending on whatever the numbers are so you know I don't like crunch the numbers go fully into you know the finer details of this report but it looks like they ended up doing better year over year and month over month that's basically what happened Grant says your sound is in and out bad uh oh uh oh and Margaret says agree ooh give me a quick sec here give me a quick sec I don't change my setting so I'm gonna just log out of our live trading room actually gonna log back in so bear with me on social media should be good to go across the board there at least so stay with me just for a second all right try again here take two test one two for Wendy Grant and all of a sudden inside the live trading room if we're good now I may just go no webcam there and just stay on YouTube for the webcam and it will be good all right uh Grant says okay now Rob says yes it is so it looks like I got the green light I got the green light from my guy Rich so let's continue at least for right now now hey with that in mind we've had the CPR report that came out today right so if you're not familiar with the CPR report it's you know basically the inflationary report uh obviously over the past year that we had those you know numbers were going up and up and up and we kept seeing larger moves within the market namely on the way down but with that at least hey the market that we had over the last month even and going into today I was looking for a move up but damn we ended up catching such a big pop right at 830 so let me show you this here really quick you know I had a few questions come in from email earlier today just asking how do you trade coming off the CPR reports that's basically gonna be the first focal point here so obviously you could see it 830 a massive candle big pop and you know from there it throws you off a little bit because you're wondering all right well am I chasing you know at what point is this going to begin to pull back when do we begin to see sell off right so uh sound helpful from Bill and Dan uh oh all right folks just give me a split second here I have no idea what's happening we're gonna try and twist the gain a little bit test one two I might have to wear my bulky headset choppy is right all right bear with me folks t minus 60 seconds here a rare audio issue for myself so one second here for almost on the stream just one second as well I'm just going to reset all together there we go now we are good we'll guess I guess we'll go no webcam at least from this point forward make sure the audio is good here so I was trying to point out how after we had such a massive candle on the spy for a first couple candles they're coming off the CPI report the inflationary report that we would see you know at least a little sell-off right you know a little pull back a little dip then from there perhaps you know run up higher well it's easy to look at this chart and say well of course the spy kept moving up today of course the markets kept pushing up once uh the markets opened up at least all right well how do we trade it I mean I had a few questions that came in over email once again traders talk Q&A workshop we have the chance to break down any question or trade you'd want to run by me so here I had a few questions just generally how do you react to the CPI and well this is where I could ask you you know I can ask you the basics because that's what I focus on as a trader you know there's so much crap on this platform here and I don't mean that in a really bad way I mean every part on this platform deservedly so it should be there but I like to basically say between the fast moving numbers the bright colors on this screen it's a lot to digest especially as a new member joining us regardless of market experience you know how much experience prior to coming to us you have you know hey we have students that join us that have decades worth day trading is a different sport you need to really be quick with your reaction you know in case if you're there at the right place just at the wrong time well wrong time does not guarantee a move back up again or another test later on we're not trying to hold on to a loser so you got to be quick to get out if you're wrong and that's where we need to focus on the basics because with everything on this platform with the volatility of the market as a whole obviously myself and Fausto making callouts throughout the morning you know we're all kind of looking at a few different trades so even at that it's not even just one stock it's a list of different trades that we're trying to focus on let's focus on the basics when a stock breaks above resistance folks and it runs off of it we'd like to think that resistance should become what okay support right says Margaret Mark Sam Grand Dan Rod all of us here in the chat board basically right so of course all right well that's just a focal point that's a cardinal rule basically so you know in the midst of all the craziness and frenziness here that's just something that you could rely on the first test of a past resistance that got broken through should be a strong test of support okay let me ask us here really quickly what time do stocks typically look to reverse throughout the morning as you could see this spy even outperforming our famous cyber clock right now breaking higher as we see right 1015 1030 had a question from Mark earlier asking me you know what were you looking for just before we started traders talk I was looking for a top I was looking for a pullback well a large part of that was based off that 1015 to 1030 time frame now that's where I could say though if it's not going to make that move that reactionary move that you're looking for that you're expecting that hey if you are and I'll say this in a positive light of course you Bill or Charles or Wendy or Sam now or Lewis of course been with us for a long time and Mark in same deal and Grant and so many of us if you were here every day then you should realize if it's not making that big move that you're expecting if it's not trending in your direction well best to get out or best to set a break even stop it's okay to lose and it's okay to be wrong I feel and I say it's more on a very abstract level if you look on social media like on Twitter and all that stuff if you see people out there trying to post their profits and whatnot it's all like an attention scheme oh look at me look at me I think everyone's afraid of post losses and it's just to say guys if I take a break even trade that means I lose no money if I lose five dollars on a trade where I lose half of a lunch so you know it's just to say there's bigger battles to fight over and you know the last thing I want to do is hold on to a position longer than I need to case in point if you were looking for a pullback on the market just before if you're looking for a drop if you're buying puts if you're shorting well you should have gotten out a little while ago because obviously as you could see here the market's still pushing up so let's just take it from the beginning let's take it from 930 the market open one thing is to say is that I am I'm very bullish on the market I have said this over the last like two three months at this point heading into the end of this calendar year into the beginning of this now I think some more folks are starting to feel that way but that's where I could tell you at the end of September early October I was wrong with that you know move at the time right place wrong time perhaps so as you could see the last two weeks we have smashed it we have absolutely tore up the market as it's gone up and with that I am looking for a bounce I'm looking for a buying opportunity that could include a breakout mind you but here in the case of you know the CPI report it already popped so much at 830 you are thinking okay let's see a dip let's see if not then if you know if it breaks out even more then perhaps for resistance to become support now where I kind of go over the spy I'm not going to do a whole analysis of the spy as much I'll show you my levels but this will translate towards following select stocks that go with the market you know perhaps a stock like AMD perhaps a stock like Tesla and the ETF that goes with it TSLL right I had a question on that too so a lot of this will kind of go hand in hand with each other realize that even if you don't trade the spy it's all about the same principles that we tend to focus on here so let me ask us 930 market opens if you are Jeff or Grant or Charles or a lot of our returning students here week over week you should know this ready at the market open at 930 we're sitting on our hands we're not trading right first five minutes what's the one thing I'm looking for in particular right at the opening bell right at 930 when the market opens up now Bill and Mark are abbreviating inside our cyber group trading room here and Joyce agrees with them pretty much saying you know the open price the opening bell print at 930 well you know you could find this from time in sales even I'm going to actually just show book mat for one second just to expedite this right at 930 when the market opened up this morning this goes across the board for any stock you're looking at doesn't matter if it's large caps small cap some small caps may not have a big print to be transparent so then I just don't really like the stock at all so here right at 930 we had a 403 400 4000 share print that came in at the price 446 23 okay let's break out the trusty old calculator here now again I discussed the significance of this price a lot further in our phase two stock course I'm going to have a lot more time there to teach it let's just break out our calculator here and do a little math 446 and 23 times I don't even know if I'm going to be able to get this number 400 4000 we'll just round up now this is basically not just one person or two people it's a conglomerate of orders that are getting filled and triggered so it's just to say at this singular price at you know at this one price 446 23 there is over 180 million dollars worth of volume would you say that small money or do you say that's big money and I think you know where I'm going from here let's say that's big money now my best entries to buy a stock are directly after it breaks through a big level on the way up now maybe it's easy for old Josh here to tell you what happens looking at this already painted picture I could be transparent with you I didn't take the straight I didn't jump in here I wish I could say I did I shoot straight I just wasn't reacting in time and I was looking more for a deeper pullback and then from there to get that better slingshot so the market was so freaking strong here that after the first five minutes played out 934 935 so basically on this candle right here and then from this point after it dips a little bit well surprisingly here you know I was expecting a bigger pullback see at least the next support level get tested well it held so perfect so that did signal at least the beginnings of a potential move up and after 935 940ish perhaps even if you want to give it a few more minutes we should be seeing more distinct movement within the market you know direction overall so that's where I could ask you what time do we typically see reversals or pullbacks within the market 1015 1030 right so from here obviously moved up but I'll show you where I ended up taking a trade and how you could follow selected stocks that moved with the market here at this point but you know otherwise as the spy kept pushing up I held off for a little while you know basically where this pulled back I felt that was my best opportunity to try and jump in assuming that we'll have reversal time right around that 1015 1030 you know from this very peak it begins to make a bit of a pullback and drops so I need to see support begin to build and it was right around here a little consolidation point and I got to continue to see support hold and then from there the slingshot back up so it took a little bit for us holding under it and then from there once it pushed above it that triggered my entry opportunity easy to say it moved up higher but I was relying very heavily on the cyber clock just like you know a lot of us wrote here in the chatboard Rod Richard Charles Bill Sam Dan Wendy John Lewis Mark Grant all of us earlier said hey if reversal time is 1015 1030 then technically when it's 9 50 in the morning it's not really my cup of tea to take my first trade then because really at 9 35 that's your window of opportunity beginning to close so I don't like you know having people like feel claustrophobic discussing that window of opportunity getting smaller and smaller and smaller on you but really you know the more I wait from 9 35 9 40 I just feel like my opportunity dies off so you know what if I do get in from 9 50 let's kind of think half glass full here rather than half glass empty technically I still have 25 minutes until it's even 10 15 right from 9 50 to 10 that's 10 minutes from 10 to 10 15 that's 15 so that's 25 minutes worth of potential movement up I think that's a lot of time that's a lot of time to make money so from there easy to say it didn't shake me out or break lower I would have either have looked for the next support level down or I've taken the same trade again if it happened that way easy to say whoop right back on up so here is where I'm basically correlating and this is something I'm doing a lot more frequently as I'm personally trading the spy the spy is not a stock folks the spy is an ETF right and I think a lot of us know that but let me ask us if that's the case what's this an ETF of and for all of some social media here I had a little audio issue earlier looks like we're good to go across the board now got a lot more of us joining us here in this live workshop I appreciate your participation I want you to answer that for me too what is this an ETF of the S&P 500 right so there is not direct price correlation between you know the price 447 on spy and SPX which is actually the index you know that's a S&P 500 itself well there's not perfect correlation with only seven here being 4470 you know as far as like you know the S&P number here so let me actually pull this up I had this up just before there we go I was intending on showing this for traders talk here so with the spy I plotted the S&P levels going into this week not even today I did this like on Sunday night so we had such a big pop at the open I was thinking we could pull back a bit we didn't well at this point I'm thinking wow all right well we're getting pretty darn close towards our next set of resistance levels here so I was basing the spy move actually off of the SPX here where I was watching this approach really what you would assume to be like a psychological price it's a $500 price level right 4500 you know 3500, 4000, 4500, 5000 you know you would assume those would be kind of like your whole number of prices to a great degree for like a you know cheap stock for a cheap dollar stock you know now that's as significant so that's where Mark is asking me earlier in the you know chat private chat here I was you know looking to go over here for all of us you know he's asking were you looking for the spy to drop due to the time of the day now I ended up buying puts on the spy and I ended up getting stopped out just before as we started traders talk because obviously you're not dropping at the time so let me let me get that chat mark I want to time this here pretty nicely so at 1048 Eastern I wrote that right at 1048 I wrote looking for the spy to drop from here and a large part of that was like with the timing of the day it was already you know 1030 and afterwards so you figure if it's not on the earlier side of 1030 you're kind of looking at your stopwatch saying okay tick tick tick tick tick all right any day now here let's get a drop off so that does play in part with looking for a pullback and reversal from that point ended up seeing this begin to push up towards 4500 and that's where I was kind of basing my level around mark as far as buying the puts on it but obviously as you could see it failed to make that big move that I was looking for there's still time and it might happen even as we're finishing up traders talk perhaps you know we might get that pullback over time but you know every trade begins with the entry and every entry is you know every entry is dictated by a big level so as we go back to the spy well we had the spy oops wrong chart we had the spy at the opening bell print here at the time and as it started to move up I felt pretty skittish trying to jump in because I felt like I was chasing it you know especially with how much we popped from last week into this week and into this morning rather so I figured that we would get a more of a pullback I wish I could tell you I took this right from the opening print from today but that was the real sweet spot so you know hey when the CPI numbers came out and the market popped I don't know if anyone realized in the chat I wasn't really too jumpy to call this stock that stock out because well everything's moving the whole damn market's moving at that time so you know you had a bunch of students making callouts on on good stocks but it's to say like I don't want to post more because I don't want everyone to get in even more of a frenzy you know wondering what am I gonna trade what am I gonna look at look at this stock that's not you know hey when the market makes that big of a pop you're just looking at your side list you're looking at the stocks that you tend to focus on on a day to day that can move well with the market you know regardless of CPI or FOMC meetings or whatever the case may be even on crashes and the market's tanking you know stocks that follow the market on the way down so of course we're following like the chip stocks AMD Nvidia hey if you don't trade those stocks you trade SOXL the the chip ETF this stock as long or this ETF as long as you have bookmap level four it's very liquid the great one to follow you know you got Tesla which made a strong move from earlier this morning you have the ETF TSLL if you do well on these stocks day to day then stick with your bread and butter you know if it if it ain't broke don't fix it that's the type of day that we're you know having here today pltr this actually was more of a dead duck at the open surprisingly it was very flat and choppy and wasn't going anywhere but hey certainly has made a better move now and again that was one from you know 830 that popped but it's one that we've been trading for a long time here bill says he loves the uber swing not a day trade but as a swing trade uber coming off very healthy earnings last week too yeah that as well you know definitely more of a swing trade because you can make a dollar on it much cheaper stock as a day trade swing trade is awesome so that's where i just tell you like hey you don't need to be trading the spy as i'm calling it out you could use that as your gauge to follow just you know the stocks that you're looking at when you're assuming it's reversal time at 1030 and the spy is still making higher lows and you're you know at least in a position wondering is it going to keep pushing up well you don't want to get greedy mind you but that's where you could at least play level to level and say okay as long as the spy doesn't break lower here there's a you know chance there's an opportunity where you can see a stock continue to push up so you know let's actually just dip to a stock here i wanted to jump to AFRM because that was one that was called out in pre-market a few of us were looking at that i don't have any level set for this trade at all i you know i have my book map open but hand up here you can't see my face i fixed my audio so i guess i had to kill the webcam but hand up right now folks i don't know a singular level on this stock i don't really i mean you know we'll start off by plotting whole number levels 24 25 i mean that's just the first thing that you need to do anyway but other than that though let's just right away look like what happened back from a few days ago a couple days back looks like we had our closing bell print looks like from a few days back on the ninth what was that on friday no that was on uh thursday so either way thursday looks like just it was the last close that was around this area so what price is that at 24 86 well i'll tell you what that complements 25 dollars kind of nicely it's about 14 pennies off but in the grand scheme of resistance becoming support well this range of resistance here basically this price i'll just kind of expedite but you know basically 24 86 that closing bell print back from thursday last week here and 25 like that together could be a nice combination of a level now you know let's take a quick look in on book map on level four well it's easy to say here at the market open it does not drop this low but yes i would be plotting levels here you know prior to the market opening you have to how could you not at 24 and at 24 20 in case of it did drop back there a little bit that would have been a huge support level to look at so in hindsight it doesn't go that low at the open but that would have been a nice level to look at you know confidently to see support hold as far as resistance there is really not much on the order book showing as an iceberg on the ask until 29 okay oh how about this this could be funky but a couple things with this a just because there's no iceberg here in pre-market until 29 or so that does not guarantee that this is going to move upward i need to let everyone know that this right here does not guarantee a lick doesn't guarantee a singular thing now though once the market opens and if we see AFRM within the first five minutes make that pop it allows you the chance to ask what if right it allows you the chance to say okay well you know as a home run target yes that's a possibility but there's going to be a lot more volume that joins the order book a lot more from this point now with that said let's take a quick look so we had 29 now this was actually the the interesting part notice that this is not at 29 on the nose right look at that 2903 now that is pretty interesting that at least leads you to ask why not at 29 so the closer it gets to that level then you really want to be particular about this 2903 being your iceberg top rather than just the whole number at 29 okay so market's going to open up here oh pardon me recalibrate my book map here market opens up long story short this essentially captures around the VWAP price but opening print right here at 930 the opening print at 2486 basically the same price actually is that close from the other day right basically right there 2486 and this was 2486 right see the close price there in red 2480 that's the same exact price to the penny so I just sloppily put my line there but just to say like that definitely creates a huge point of interest not just that one price the combination really you'd want to see 25 get blasted over and then to see the run okay well one last thing on this trade because hey it's easy to tell you what happened afterwards we know this moved up but we know it didn't move up to 29 just yet so you know maybe later today we could see a better run or maybe throughout this week it's just to say well before the market opened and before we saw that opening bell print at that same price 2486 didn't this already move over this area in pre-market didn't this already break over that price bill and Margaret and Grant what color comes up on time in sales when a stock is breaking over a big level like that moving up green right and what are we nicknaming green as what's our nickname for green buying buying pressure right so you're telling me that here in pre-market we already had some good buying interest not just you know in general but specifically at this area what if history repeats itself what if we end up seeing more buying at the same prices what if this breaks over that price once the market opens up or you know after the first three to five minutes there we go right John says price goes up so you know for all of us here otherwise not even just going up right let's kind of use my catchphrase when a stock breaks through a big level what are we getting shortly after we're getting a big move right Margaret and Mark and all of us here otherwise yeah so you know easy to say after the fact obviously but if you were taking the time in pre-market to plot your levels out accordingly not only plot the levels out but realize really the direction and psychology that you're seeing in front of you stock is moving up we follow the trends okay we see a break over a big level we should assume that that is some good buying interest we'd like to ask what happens if we see more afterwards what happens if history repeats itself when the market opens up now again with the whole market popping today it's easy to say that a lot of trades look like this and it popped shortly after the first five minutes really quick pltr didn't do that it's only starting to move up now right so really quick let's just go through the same practice here and you know easy to say in hindsight just what happened hey this chopped down at first but it goes to show not not every stock is going to trade the same and not every stock will go with the market as much as you would want it to you have to realize when it's not and hey I realized that yesterday on AMD I was getting a nice bounce in the market at the time nothing as big as what we had here today but you know when the foot should be on the gas pedal and you know when it's not on the gas pedal in general so when you have that lack of that push it's like all right well clearly you're not in the right stock so here pltr I commented on this in pre-market just specifically with one price let me ask actually really quickly before I go to it what price was I commenting on before the market opened up does anyone recall you could actually go back in the chat and search and go through the very top of the chat from pre-market so let me know what level I was focused on because I was writing it a few times in the cybergroup room in the chat board it was in the main chat give a few seconds here about 30 seconds to a minute maybe and just to dig through the weeds of our chat and see what was that level I was calling out in pre-market I'll tell you the answer is on my screen the answer is on the screen in front of you so if you see book map what appears to be a big level a bunch of us saying 20 say I'm saying it should be 20 why should it be 20 why should it be 20 why should the answer to my question be 20 Alan says lots of red he's talking about the heat map there well that is the most you know in a good way obvious most standout-ish answer that you could give there is a giant red line there right whoop right there it's probably out there since earlier seven o'clock probably a little bit before that okay 113,000 shares okay I'd say it's pretty big but if you look at the chat board earlier folks you could scroll up and on your own chat and just so you know you could actually use the search tab like I'm going to show you here I show this in our classes in phase one I show this so if you take a look you could actually search and pltr right here early in the morning not at 20 let's double that 2020 and grant calling it out there too shortly after and you're having a tough time tough time with 2020 but why well it's not on the heat map here if you're only focused on the heat map then this should be your answer but we're not only focused on the heat map we're focused on all the other parts the screen that could be the VWAP that could be the volume dot that could be of course the COB column which does paint this but that includes the CVP column and the delta but just for right now even for those of us that may not have the official book map the main version let's just ride with this let's take a look at the number here let's actually break this down in the sense of what's bigger 113,000 what's bigger 113,000 or the number that you see here where my cursor is on the far right this number 371,981 what say you so that is where I was very intent with calling out not just $20 which definitely is a big level of course that's a big level but that's not the only big level and actually there's a larger level than that in terms of volume right and this so even without the you know extra column there the delta look at this look at the difference between the red and the green the difference there I'd like to say not only is there a lot of volume filled there not only is that a big volume level in general what do we nickname the red as folks selling now my new pltr is not I'm sorry my new pltr is up percentage wise here in pre-market going into the open what's the trend from 830 as I peel back and show you the regular chart you know from pre-market from 830 from 845 to 930 what's that trend is it up Phil says channeling Margaret says down I would say those are the two acceptable answers you could say both just turning back down a little bit off the highs you know with how strong the market is of course this is strong in terms of you know percentage and being up with the market but you know I'd say channeling and down either or certainly not up or certainly not seeing a bunch of green okay well if that's the case then let's just plot a couple levels here do that 20 level of course but let's do 2020 crappy year strong price level so this had a lot of selling I just want to note that they're the red now when the market opens I'll even just go one further I'm not even going to show the the heat map to you right now the opening bell print at 930 this morning for pltr made it easy for us it was exactly at $20 when the market opened up at 930 we had a two point over a two and a half million share print that came in at $20 I'm gonna ask I'm gonna ask the question I am and I know you know the answer but I want to I want you to realize how simple this could be at times what's the bigger size 371,000 or 2.58 million 2.58 right 20 was not the larger level and pre-market 2020 was and it still is a really big level it's the second largest but now we have a lot more significance to 20 since that was the opening print now what I mean by that is well it smashed under 20 and I know the answer is on the chart here but I want every single one of us to answer it this smashed under $20 as soon as the market opened up when a stock breaks below support and it tanks from it you'd like to think that support should initially become what okay so this had a tough time here at $20 to begin because we had a lot of selling pressure seemingly at 930 seemingly because the initial reaction was a massive spike down so you would assume the first test would be the best test right just like we covered in the beginning of this trader's talk and that was in relation to the spy and how volatile that is this is just your you know run of the mill sideless stock that we trade so you know if I'm telling you to really focus on that for something uber crazy and volatile like the spy then it should be even easier to focus on here then right when the speed of the pitch is already slowed down compared to another stock I'm going over should be pretty easy then a dictate well yeah then this should be resistance then right and then of course afterwards it did drop off what time do stocks typically reverse folks unless the company came out bad news you know pltr came out earnings I think over the past couple weeks and they've been a healthy company so I'm just saying you know there's no news that came out bad overnight so it's just to say well even with them dropping well perhaps around 1015 1030 you could begin to expect a point of reversal okay that's easy to say looking at this afterwards where was the big level that this could have bounced off of great to see Michael J with us here as well so where could we see the strong bounce level well you might say oh 1950 50 cent level there I'm not even as inclined to focus on a 50 cent price for a stock like pltr I'm more inclined to focus on your dollar levels anyway so like 20 19 dollars etc etc again much like we did with um you know spy and then kind of going back here let's take a look at the closing bell print from the last couple of days that we had so I'm just going to look at this here this was back from Friday this past week this was from well this is from Friday right right here yeah 1967 so especially for the end of the given week the weekly candle much like the daily candle even further more at the weekly you know you're going to see a big print big price that comes out at the close so 1967 that is a key level to watch and then on top of that just to say the yesterday this closed even a few pennies higher so the combination of those two prices with how much volume has been filled there just looking at the previous close prices that we have the combination of those two create a really strong support resistance to work with so hey shortly after this ended up topping off at 20 bucks earlier here it pulled back and it failed to hold above it it broke not just below the first level but below the second one too and a very clean break the stock breaks below support drops off of it support should initially become resistant so I wouldn't be as bullish on this right away I would expect even more of a fight than what you had here but that is at least where you can say all right well you are pretty much at 1030 we're like right there and the market is holding strong it is pushing up or at the highs at least even though I was looking for more of a drop off at 1048 in the morning well clearly the markets are still holding strong and if this was already dropping there's a good case to see a bit of a reversal ended up seeing this begin to push up and from there your cleaner move up to the next price if this breaks above 20 dollars here folks what's your next big level if this breaks above 20 dollars what's your next big level got a bunch of answers come in here in the chat board folks look at the screen what does the chart tell you yeah I got the 2020 let's not ignore that that's still a very strong price to work off of where that could be a complimentary resistance level to 20 dollars throughout this afternoon so it's just to say if this breaks above 20 well 2020 is our next resistance after that perhaps I would assume 21 the next whole number like we brought up before I'm more inclined to focus on a whole number of levels really for a stock like pal and tier and I say that going forward I say that going forward as far as like kind of seeing you know this move up higher in price the cheaper it gets I'll focus on the tinier levels the the more expensive it gets the the more I'll focus on larger levels all right I got one more request here this was from Joyce just asking can you go over tesla and actually the ETF TSLL so same deal I'm going to go it's the same preparation the same type of preparation going over where the big icebergs are in book map the CVP column there going back on the daily chart to see where the previous close prices were even furthermore looking historically to see where there's any like chart levels otherwise just to say tesla let's go back to my chart here let's see I did it I think I got it here there we go there's tesla so tesla here this had a couple of different levels to work off of throughout the day and for something as expensive as this I'm not even doing dollar levels I'm doing it like five dollar levels 230 235 I don't know if I plotted 240 up top because I didn't think it would get that high nope yep so I would have done it if I felt like it was going to get there but 230 235 pretty straightforward however let's look on book map let's go right back to the heat map here and this is where I could show you where I ended up focusing it on one trade I took on tesla this morning it was a nice entry in and out but you know nothing it wasn't like the biggest best it wasn't I was clean I'm happy with it I'm just you know it wasn't the the best mover of the day so tesla going into the market open had such a strong pop here but I'm focused on 232 you do have a pretty large order out there on the buy side right here obviously and that lines up perfectly with 235 where there's just huge volume filled there I'm also focused right here and this is where we have a lot of support we have a lot of support showing right here where my cursor is so that's basically off the lows that we had 232 37 just a very strong chart level that acted as a bottom so perhaps that could be a very strong bottom once again when the market opens up now I will say last thing here I guess this adds more to 235 I reckon so at the market open your opening bell print right there 235 so even further more of a reason to follow that one price it's just to say though when tesla dropped off when the market opened up I looked the other way I just moved over to the spy I was trying to capture that pop so I wasn't looking at tesla immediately I guess I could tell you here this is easy to say because it crumbled well but again I shoot straight I have no problem telling you losses it's just I ended up focusing it on tesla when this was right around reversal time I was looking for this to make a nice little bounce back up and I was focused on seeing this break under and back over more so here as I turn back over to tesla it was beginning to move back over so I was using these levels here to act as a nice little support band and to see it bounce off of it over time this was working off a strong downtrend line here off the highs so I wasn't really out of the weeds just yet because just as easily as the market could have reversed and pulled back this could have cracked out with it so I'm telling you this was like when I was fortunate to see play out in my favor but what I was looking for on this choice because she was asking about TSL and that's the ETF that follows this so as this begins to puncture back over these levels here at 232 and a little over it well that's where I'm kind of focused on seeing the same happen on TSL so easy to say yet ended up bouncing back up pretty nicely at the same time if you're following TSL I strongly recommend for you to follow tesla now there's other stocks that have an ETF for them but this trades by far the most liquidity so I wouldn't really suggest to like trade the other you know stock ETFs I think there's one like nvdl for navidia don't even don't even bother TSL is cheap it's liquid it's the only real ETF for a stock that will trade now otherwise you know maybe if you focus on the chip sector SOXL you know then you could use this to follow like navidia AMD etc because all of the all of those stocks are in this sector as a whole that's kind of the difference there but with TSL actually one thing I'll do one more choice because I don't want to look lazy and just say oh yeah moved with tesla now it's just more so to say you want to plot the levels for tesla because that's what this is really being dependent upon now I will bring up book map though for this for the TSLL and I'll see if there's any strong volume levels that you could really correlate from there this looks pretty ugly so right away I'm not a big fan of how this looks let's trim the volume dots here make them a lot larger okay so you got your opening bell print here at least but yeah there isn't really much that you can gain from looking at this so far sometimes there could be so it's not to fully dismiss it a lot of proverbial buying around 1358 and then here at 1351 it looks like it tries to chip around that those prices for a long time it goes under and over 1350 1351 eventually makes that bounce but it's really just kind of hinging on what tesla itself does so I'm more inclined to focus on tesla as I look to trade this like for instance if tesla has like a massive iceberg and it didn't work out this way here but in the event where tesla were to have dropped down to 230 that would have been a very strong point to see TSLL make the bounce with it here we just saw a tesla hit an iceberg basically at 236 pulled back under this one you're going to assume the same to happen here on the trade right that's kind of all there is to it there on that one all right folks current time is 1157 we're going to finish up traders talk in just a couple minutes here let me know if there's any last questions that you got from me here from Clive on Facebook I appreciate you Clive just asking is this recording yes it is and actually if you want to join us on YouTube go right to youtube.com forward slash cyber trading you that will get you access to not just this traders talk recording but all the previous weeks that we do this workshop so we're on YouTube and of course inside our live trading room every Tuesday morning at 11 o'clock eastern do the full workshop here every morning all right so I'll tell you just take one last look back on the spy I guess just on the market to see how we're doing uh looks like we are getting that pull back that I was looking for closer towards you know 10 30ish 11 o'clock so let's just kind of take a look to see what happens here at the uh S&P uh whoops I got to uh go back to my chart here I might have lost it hopefully not nope not that I got a bunch of these charts I got to sift through uh it's being paying the s right now all right I had the spot SPX chart lined up with all the different chart levels up there I thought I had it up just before I lost in all my one sec let's see if I got it here there we go that's it hey all right so here we are it looks like we ended up basically holding resistance right at that 4500 level and honestly the uh two prices the one above and below and these are actually fib levels that I look back on from like the daily weekly chart so I found that pretty interesting how that complimented 4500 on the SPX like that so wouldn't shock me to see more of a pullback you're heading into this afternoon now uh obviously we'll see if we continue to get a higher low over time if not today then tomorrow you know I'm sure we'll get more sell-off at some point before another push-up higher very bullish on the market long-term folks or long-term you know it's funny my long-term is not everyone's long-term that could be short-term to some traders but you know heading into the end of this calendar year into the beginning of next year I do believe that we can get a really strong bull market and you know definitely this is a good indication of that so we've been saying that for the last few months here last couple months and hopefully a lot more to come from this point folks we're going to finish up right now I'm going to jump on to a couple of different calls now some new gold students of ours so um you know hey let me know if you have any questions feel free to shoot me over a quick private chat inside our live trading room like Mark and Joyce did earlier let me know if you have any questions just instant chat me private chat me on the side I'll be more than happy to answer you and help you out on the side there but uh email address josh at ctutrading.com for anyone on youtube social media we encourage you to join us inside our live trading room here there we go should have the qr code up the whole time pardon me for that so if you're fancy with your phone scan that qr code on our stream on social media get you access to a week long trial inside our live trading room our next audio broadcast will be at 230 eastern just uh scanning the market once again building up a new watch list here towards the market close so we look forward to seeing you there alongside all of our students like John Kathleen Grant Leda and all this otherwise so hey uh best of luck trading and again we'll be back on here just in a little bit take care