 Hey everyone and welcome! This is Melissa Arma with the Stocks. What should I'm doing a market review here today at the SPY? I haven't looked at the market seriously here for a few days so let's just, at least not at the SPY, let's just see where we're at here. I don't have to hold here in order to do the rally but I think we will based on the level here of sport and also timing in the year here. We're not going to rate this so I think a better level of hold is pretty much where we're at right here. We could have held here. That would have been crazy strong and I said when I looked at the QQQ chart that we could have held that gap as well. We didn't have to. The fact that we gapped down here and broke the 200 per move in average which is the red line does not mean that we are lower in any long term or even short term meaning if we're talking about a couple of days. I know we fell for the last two days and you could have shorted the market in the last two days although I would not have done that but either way we gapped down this morning we held and I called the market as long today even though I don't buy a gap down so I said the market's along today and really the market could have held up here. We didn't. Does it matter? No. It's just coming in slightly which is not a big deal and this is another level of sport. That's the one thing about looking at charts. There are multiple levels of support and resistance in a chart. That's why I play gaps because I'm taking the entry specifically for the reason of the trade which is the strategy and the strategy is the gap. Many people like to buy pullbacks into support as a strategy but as you see here actually there is multiple levels of support in this chart so how do you know which one to buy? How do you know which one will hold? See the difference? When you're doing gaps you know which ones are gonna hold and you know which ones are not gonna hold. Okay. For example there was a gap down in the market today. This wasn't something that you would short for the long term. This was a gap down here. Again no short for the long term same here and the last one. These are not quality gaps but we did actually hold and rally today. We will hold green today into the close and my call for tomorrow probably in the gap tomorrow morning. We're probably gonna gap neutral. I don't see how anyway we don't rally tomorrow. If we gap down tomorrow slightly we'll rally. If we get neutral we'll rally. If we gap up we'll rally. So look for a rally in the market to fall through tomorrow. Look for a follow-through rally that could take us through the rest to the end of the month because I was thinking we could still make a new high before the end of November. So we could hold in here today and continue the rally. Today is only Monday. The next level will be over 215. Well it's 213.78. Really the next target's 215. So last time was 213.78 but really the target's 215 to get up over the high. So we'll see when when we exactly do this but this could spark a rally that could last for days here in this buy. So if you'd like to learn how to read overall trends I do teach a class called the trends class. The most important class I teach though is called the golden gap which teaches what gaps are gaps. You can actually short for profit and I teach a bullish gap class which teaches gaps that you can buy. But overall here the market is holding extremely strong and it is a beautiful chart even still. This is Melissa Arma with the Stock Swash. If you'd like more information on the golden gap course email me at Melissa at thestockswash.com. The next class is November 21st and 22nd this weekend. Have a good day everyone.