 Okay, there we go, audio's in. Everything's now, everything's out of the way. You can get started with what happened in the weekend, because a lot happened in the weekend, nothing really happened Friday. Friday basically was no trade during New York. I mean, we didn't get really what we were looking for, which was the going higher. As we're looking for this to take out the liquidity here, we're going down. Didn't do that, just came in and consolidated. That's not something that we wanted. So anything we could leverage, then ends up doing that on the weekend. So if you were watching it on the weekend, you could have grabbed it, and even later, you could have grabbed it during New York, I mean, New York, Asia. London's closed for bank holiday. They're closed next week as well, Monday as well, because of getting coronation, something like that. So it's going to be, well, London was pretty quiet from this start of the week. Next week is going to be similar. So Asia moved, London not moving, see if New York moves, will probably not move as much as Asia, just from the gist of things. And in fact, we're not getting too much in terms of news coming out until the fateful Wednesday, which we have the interest rate decision and the red press conference. So I think a lot of people are just worried about that. So we're probably just going to get a lot of set up leading up to that big, big, fateful day. But looking at how things are going, I don't think we go any lower in the next couple of days unless we're sort of building very big, short squeeze. Cause we're already pretty decently heavy short. Got rid of all of the liquidity that we wanted. I mean, we were heavy short on the prior sort of prior days leading up to sort of the swipe. And that's the whole reason we are looking, we were looking for a swipe in the first place because we're decently, decently short. And you could have easily said, oh, okay, yeah, we're really short. So we need something to sort of clear the liquidity and clear the liquidity. We grabbed a few people on the way then instantly down they went, just liquidated all of them and let them go short on this, on these lows. And now we're sort of stuck in the same area we were before where we got a decent amount of shorts being stacked up as you can see here. So if we clear those guys out, roughly they would be cleared out by here. So we'll give them some overhang but after that we need them to sort of cause correct. Cause if they do that, they just get rid of liquidity. Then if they get rid of liquidity then there's no reason to continue going in the direction they were going. So they would reverse the trade and go the opposite way. If we go over and look at sort of yes and see how that's doing, you can see that. I mean, it did have similar sort of, similar sort of experiences, everything else. We can see the leading, possibly essentially was trading down. They ended it on a very nice sort of close. They managed to close at green. And now we're looking at sort of very painful days to sort of push that down and sort of hit that into oblivion, I guess. Because we're already open the day up here. We're just collecting volume. And if it's sort of assumed that there are mostly sort of breakout volumes I got didn't get achieved on the end of Friday but ended up just getting hit here. If they ended up being decently short it will sort of push it a higher but we'll see the spread of things because we're pretty much running out of liquidity for the high side. I mean, the only real untapped it's not really too much untapped liquidity here. I mean, you can say that's the sum of liquidity maybe still trapped here. But I think by then this point here it's not really end of a quarter or a star quarter. So you wouldn't really call that for much about sort of short liquidity. No one really would put it here. Most of it would be achieved here. The only thing you can really catch out is breakout traders. So you're looking for points where they would go long but looking at it on these lower time frames is sort of heavier on the bottom. So you can say that there is some shorts getting stacked here. Not an awful lot but decent amount and we're looking for potentially them to sort of buy this. If they sort of buy this here as like they buy in a quote unquote retest it will sort of very business fall but it just looks like there's sort of shorting it. So we might grab it up here let them gain ignorance and buy here and if they can buy here and get trapped then that can sort of maybe lead us down. That's just going off the reading that these are shorts rather than being sort of long longs that got squeezed in. And it makes sense for them to be sort of decently short I guess because they are coming on a swing low when after they achieve the high. So just adding two and two together. For the main thing we want to know for sort of crypto is the fact that they're going essentially after sort of pricing here and pricing up here for the remainder of last week they sort of came back down a decent amount but not entirely you can see this range they just came back to the top of that range. Now we were setting up a new range here for the Monday and once we get that range coming in it would sort of give us a tentative weekly range then get the third Tuesday for the actual weekly range and it's important to sort of say the Monday Tuesday even if it's not a trade day and a day that we get trades coming to us it will be nice to just monitor them for setups. Generally I think the first impulse is we squeeze it just because everyone goes short here and retail sort of come into the market they see this they're like oh yeah we short this this goes all the way down to here because reasons so if we're in fact looking for it to continue down we are hoping for it to swipe up first to get rid of the people who went short here and who went short here so looking to get rid of liquidity once we get rid of liquidity then we can maybe hope to reach it down here because by then the people who trade this here will say no no let's break out now it's breaking out back out then they'd say it goes up to here or goes up to here whatever BS they get sold I don't really care so regardless of what BS they get sold we're just looking for the first move out of this area to sort of tell us that okay they're just trying to get rid of one side to move in the opposite direction in this case they move up they go to short so they move in the direction to where those shorts would have been profitable if they were still in the market at this point you're also looking for breakout buyers as well as the liquidations of these shorts you can see that it's nice little volumes nice little shelf that they're closing here and letting the shorts get trapped become these mix it's a very easy sort of to say that we're probably going to get this again magnitude is up in the air so we don't really know if we're going to move super fast than it is today and it just all would depend on what we end up getting on the open see if we can carry that further but I think from here a decent sort of date just not a very pivotal one where it's just a build and all you have to get into this trade today or you miss like an eternity of paid opportunities it's never the case in terms of if we sort of break lower I mean if we fall back into a break lower and just grab a bunch more shorts and just constantly build a short and try to squeeze start here but again that's very sort of highly unlikely I just looking at the how everything has been built up it's built with heavy split where shorts gets that below here long gets that the decent amount of long stack here so we don't we don't we don't want to go too high we don't want to sort of deviate too far down we're just trying to re-add as much as we possibly can before sort of culminating in a downwards push which is similar to where yes is trading as you can see we do have sort of longs and these tops being decently sort of split in volume and you've got these bottoms where you've got a decent amount of shorts so we're just looking to clear those out once we clear those out then we can sort of maybe put that down again similar to Bitcoin this is just sort of instead of a bare flag it's more bullish again so we're looking to sort of trap breakout buyers we can trap breakout buyers here then we can sort of snap so that's sort of the only sort of trade looking for for bearish side is the clear sort of trap for breakout traders once we break the flag in the quote-unquote correct direction and we see the volume of traders coming in and we see that volume on the bookmark being sort of bearish rather than shorting that top again I don't think they short it they usually always break it out and moving ahead of time you can see that where you have that we have those longs slow deposit of longs further it's coming in here so you can see where we're slowly building long here, long here and now here but the bottoms are very heavy on the short so more volume for short side gets squeezed out but again we still have to be wary of how far they can move high because the higher they move up you start becoming break even if they start selling break even we don't really want to do that because we might not get the volume back but if you get the volume back then they can break even the net amount of people are getting trapped and the net amount of money being lost by retail it's worth doing that then once we can get there we can get them trapped in here again just get a bunch more longs a bunch more liquidations and get rid of all the shorts as much as we possibly can then we can make a B line for a lower price again similar to what you can see a lot of panic selling occurred on these sort of ends here so a lot of people just out of the market here just slowly coming back in getting comfortable getting comfortable here so again we're just watching these guys come in and once these guys come in in the droves we can then sort of push it back down and make them feel well developed similar to sort of the futures we do have or sort of bids around the 2800 mark just a bit higher as well but most of it is concentrated around that 2800 so it makes sense that it will be where we're looking nice round figure if we're going short for today ultimately we end up gaining a down day and Tuesday we end up continuing going down I think we sort of push the envelope a bit on Wednesday where we push up good morning squeeze them shorts squeeze them shorts yeah man that's always a nice day see what news we're getting after the embargo lift watch for Fed pours a ceiling battle and a volatile summer from the open okay everyone running into gold that's always a fun day just shows the fear that looms on everyone's mind as you can see once people got comfortable and say oh yeah everything's going to be fine and dandy it's sort of short of that now everyone running into droves I think we continue going back and running this a bit higher just because if we're expecting everything to go down probably have some breadth to go higher then I think Wednesday becomes this pivot to the other side and miss opportunity if you didn't grab it but you can just wait for the short and I think that'll be a lot better I've been waiting on the short for a while now it's just trying to sort of find the right point to come in at I haven't been in any sort of decent areas to come into and just say yep that's that's nailing coffin because spider's been sort of moving erratic to say the least where it just can't make its mind two ways or other because it wants to go down but it doesn't want to go down it just wants to stay here being partial what's your level at NTE I want to sweep some time I would say you're not good I've never really got into the NFT sort of scam business because by then I just could, I could not be asked with all the BS head hold by people so I was like yeah you know just going back to Bitcoin there's no there's no point trading these gams anymore I would say close enough next to zero it's not something I use I look at it it's not something I care for so I need two guys saying yeah I'm an expert I just want to tell you guys that it ain't me again it could be a sort of a double double top to that double top so you got the larger M here this is just secondary top to that again we're just looking for the trap of longs and the people come in here to then sort of undercut this but we'll see if we can do that and I think if Monday can sort of sweep down to say maybe hold out people a bit higher because we don't want it to go down on the Monday Tuesday because Wednesday doesn't continue, it's not really a continuation day it's usually a inverse it goes inverse to what people said prior two days leading up to it because it's just as you get the collection of volume being built up in this instance here we have a bunch of longs a bunch of people really nicely in here but if we start building short if we start building short then it just looks like Wednesday will come in and do that so we want to come in then we want to go back on sort of the Wednesday and the same thing goes with Bitcoin it's just you want to look for everything and it's good that the sort of the time that we expect everything to sort of go haywire isn't the afternoon so there's a lot of time before we get that so we can come in in the morning and get enough notice to how people are trading before the two o'clock because again they'll just sweep it then they push and they have a pushback don't really care about the use of Bitcoin and let's look at this news article me kicking off with the deal for the first Republic Bank so there's why am I reading I'm just going to get this a volatile summer is coming as Fed pause in these stocks says strategist by Barbara Karl Meyer May 1st 2023 839 a.m. Eastern time May is kicking off with a deal for first Republic Bank so there's no real celebrating across Wall Street that says investors face a week full of potentially market moving events a Fed meeting, jobs data, Apple earnings and ongoing debt ceiling negotiations we're also coming off the highest level in February for the S&P 500 which closed out last week at 4169 and obviously that sell in May and go away in Mantra is making the rounds with market watches Mark Halber telling me around but in safer stock market sectors onto our call of the day from the team that is funny telling me go away yeah I mean there's a lot of selling that comes in that's a stick around safe and you saw that in gold you can see that everyone just sold and then just bought calls okay May is not the month let's go back poor IC we're senior managing director Julian Emanuel says get ready for a Fed pause after one last 25 basis point hike this week with a playbook for that as well as the debt ceiling tussle everyone spending that 25 the last 25 basis point on that interesting wrecked in June sold too soon hahaha so funny I mean they're not wrong I mean just looking at the thing I think we talked about it seasonality of the spy just coming in here because it has a really great week where it did close as as it comes and May coming up you got that massive sort of two weeks that abysmal where everyone just panic but we have as you can see this is more of a 50 64 here then we become a 40 60 and it's 30 70 split then we reset that whole thing again then wait for July which is the quarter then get very nice summer but so again selling may go away again if they sell off too soon they get trapped maybe we go a bit higher which is like oh I sold I bought back higher now my bid is a lot higher then I can get everyone out by this point here because again what is the average minus yeah that's insane though uh okay good big guns big guns actually we look at all of these why not I think tech looks the weakest right now had had very nice sort of moves where everything was like being stagnant and it was just moving higher so naturally but it's coming to a point where you got a look at it and just say it needs to sort of push itself back now I think we stand off it's healthcare yeah healthcare I guess I mean it's been now it sort of stands the reason that the whole sort of market relative to what spy has come into here so it could stand to sort of push it out because it's the weakest coming in here so I always forget where I said to that one I forget where it is I'll find it carry on not here not here not here we're probably going to expect some volatility just one in front it's a lot higher that means this all being volatile so we're probably going to expect some volatility which will probably be manifested in the downwards push in the looks of what they're trying to say and that sort of lines up with everything we already know coming into it that okay we're expecting clear sudden sort of bush of liquidity before sort of a very much urging of everyone that went short not a long rather in the push up that's tomorrow no why would it be tomorrow that's the one to watch out for tomorrow we'll just set up for the third of me so one day difference matches the exact similarities or maybe it was that was the Wednesday instead of it being being the third this month this year not the second I mean we'll see we'll begin in May convexity strategies are designed to profit from increased volatility and involve buying out of the money option calls and puts Evercore suggests portfolio convexity via calls right to buy an asset at a set price by a specific date on the SPDRS and P biotech ETF and puts writes the sell on Invesco QQQ trust series I he specifically suggested he's suggesting biotech biotech something that if you don't know just don't get into it in a simple it's one of the things where there's a lot of factors that determine it and I just always ignore it because I don't understand them I'm not a chemist you don't have to be a chemist to understand it but you need some prerequisite knowledge because it is it is very sort of I'm intensive because you've got to put the research in you've got to put the leg room in to understand if they're going to go good or not I mean because it's very sudden sort of rejection by the FDA is like nope you can't make this anymore you can't make this drunk it fails of clinical trial what not it fails of testing whatever ends up being you've got to know beforehand and that's why I have that research before coming in I think they keep moving everything yes, lovely pixel that's the whole list if you're going to go in biotech biotech put the leg work in same thing with healthcare put the leg work in individual sort of things sure that they are lagging behind just because just because they're lagging behind doesn't mean they'll suddenly arise unless some new new sort of need for something that they produce is needed or they randomly have something around the corner they just publish like oh yeah super drug that kills everything but you just got to put the leg work in to see who's close on their next sort of breakthrough it's pretty much a lot like crypto biotech but with a lot more availability to lose at all just because it's so it's a feast of famine if the drug is approved or not or whatever they're working on succeeds whatever stage it's currently on if it's on the first stage or just on second stage or just testing then gets approved on the next stage after approval then yeah cool then you're done then stop rest a bit after a massive pump then you can sort of pick it up I guess but then that's the thing with biotech you can't really just randomly just pick it up on like a nice little low because you never know if when they're going to get rejected by the FDA or when something's just horrible happens unless you put that legwork in I think that's it for that news segment there's a lot more we can read the buzz let's see welcome to me oh no oh no everyone's bearish so I think we have a few sort of points just to say that for everyone now I mean you can see there's your welcome to me where everyone said oh yeah welcome he said the same thing but he says everyone shorts it here like oh it's me I got liquidated then down it goes oh everyone went short small take up or down it goes further but yeah generally it is the worse of the year sort of 2 months I mean worse of the 12 months coming in here the most part so you gotta keep your wits about you but it's not a sort of frenzy just to say short now, short really early and just call it a day you gotta find the right entry in it and I think you have the whole week to decide that or mainly Wednesday to decide that just off the back end of and we're going to get that entry announcement by making a break up break up push here Bitcoin not really doing much in spy that's where it's closed Bitcoin not really moving up as fast as it intended so it's a good sign that means it's just waiting for things to line up in terms of timing wise and market open but we're just looking for those shorts to get cleared out once we can get those shorts out we can then look for that potential to undercut everyone and I think that's pretty much all I can really do for today I mean there's not really too much to say because again it is the Monday it's a nice little open day there's no point looking at all coins because they'll probably usher the similar but just push we might push up into these points here everything's sort of printing off these flags and we trade these flags basically as inverse of where retail trades them if they break short here and you can see every time the flag breaks because it is a quote unquote better flag they short it and that's just free real estate for us to say okay that we push up here but once we get up here we got on we got to realize do they reverse it entirely or is it just for this they okay we got you guys short we got everyone go break out along here and now we're going to continue here so then for the sake of argument if you look at the textbook they will say oh this is a flag that went down you can see that flag always works should be a decent day today should not be too hard in terms of just random occurrences I don't think we get any sort which is where it just randomly goes to zero close to a million but other than that I think I think it's going to be pretty boring it's mostly going to be set up as we're coming into a big news day so it's going to be don't mess it up no London and traders coming in so probably get them in tomorrow Asia moves the majority of the bulk I don't so again had a decent amount of time to consolidate so this is essentially being our consolidation range yeah so we've got to look for it to break and we treat the first break as false because we know that we have liquidity if it does break high then retests and holds the middle here that's probably going to be something you'd see as bullish regardless of what ends up coming because by then this will sort of probably stack every short as people clamor to short this so you want to look for very fast movements away as a as a basis say yep it's short that's something I want to trade and so on I think we'll end it here because otherwise I'll run your guys heads round in circles so I've already done that a decent amount I guess so have a lovely day guys catch you guys tomorrow trade safe