 Coin had a really nice bounce, it took out the 300, went to like 303 and changed. I still like the macro level here coming up in the next day or so, they do report. 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 Crazy Wild Tuesday edition of the Access a Trader.com Nightly Rapid Show, Crazy Day, very, very wild. We talked about it last night on the video, first closed yesterday below the 50-day moving average on the NASDAQ 100. In case you didn't watch last night episode, why was that important? Because that was the start, right? That was the start of that whole big heavyweight tech rally ahead of earnings, the reclaim, the remount, the 325 area on the Qs. And last night, we lost it, right? We lost it on the close and it was a very, very aggressive sell-off. And first and foremost, congratulations to all you guys who did come in long puts whether it was on Qs or it was Tesla, whatever the case may be, but absolutely great job. So when you woke up this morning, you saw this really aggressive sell-off. Tesla was down to like 570, really aggressive. Amazon just got absolutely smoked. There were just so many names that really got, you know, basically, quote, unquote, throw the baby out with the bathwater. So basically anybody who is on the investor side yesterday that was sitting in pain, wanted to give it one more day, what you saw happen this morning was literally, I'm out, I'm out. Just get me out of any single price. I don't want to be in this name anymore. The stock market is crashing. I want to go out. But again, it's always about cooler heads prevail. It's all about understanding the dynamics that the ending of the movie doesn't change. I use this all the time. I use this from time to time. I say like, like Scarface, right? Scarface is one of the greatest movies out there. And I've used this reference so many times, right? Tony doesn't retire at the end, right? No, I'm sorry. I don't want to spoil it in anybody for anybody that was sort of Scarface. Tony dies, right? The movie is exactly the same. So when you're getting fear, okay? When you're getting absolute fear, the biggest exaggeration prices are always going to be at the bottom of the channel. They're always going to be in exaggerated areas that people just want out at any single price. And anytime you get a value move, excuse me, a very, very exaggerated move, pre-market, especially gap down after a big, big confirmation channel, you're going to see the most exaggerated prices and values always to the upside. So if you watch last night's video and, you know, if you get after this video, if you spend like five minutes or so watching last night's video, you'll kind of see we have a very, very specific game plan. Yeah. The question going into today's session was, were we going to gap up, right? Go green to red and get absolutely destroyed testing major moving support, which was absolutely right here. Or we were going to gap down, put an opening range lows and go lower, or we're going to gap down, put an opening range lows and start reclaiming levels to go higher. And that's exactly what happened today. And if you look at the 60-minute moving average, you see it, right? You have this really aggressive move to the downside. The value is always, I don't care how bad the market is. When you're having Amazon down 70, 80, 90, 60, 50 points, when you have Netflix down 16, 17, 18, NVIDIA down 25, the value is not on the short side. The move to the short side was already gone overnight. That's the whole point of taking positions overnight to have exposure that you could take advantage of. Not shorting Amazon down 80. The value is always waiting for the channels to set, get the channels ready. And when they confirm 10 o'clock, they start moving higher. Now look, did I expect the NASDAQ to go green today? Absolutely not. At one point, the NASDAQ turned green, the Q's turned green, but the game plan was there. We were ready for the day. And that's the most important part. Good market, bad market, quote, unquote, bull market, bear market, you have to be ready. You can't be blindsided by the action in the middle of the day. You have to really understand, number one, what is happening, the dynamics of the technical aspect, the technical ramifications, the previous days closed. And oh, by the way, 3,000 other moving parts that's going to make you a better trader, but make sure you're trading from a position of strength, not a position of weakness. So understanding dynamics, what happens if levels do start breaking down? What happens if levels break down and start reclaiming? And that's exactly what we had here. So if you look, for example, on tonight's Twitter feed, or actually, excuse me, this morning's Twitter feed, this is how we kind of started the day, right? Let me show you really, really quickly. And I said, look, everything is down huge at the open, OK? Value now is to the upside. So we need to wait for these channels to develop, OK? You cannot just randomly pick, quote unquote, a buy the dip area of any stock and say, well, I hope this is the bottom because we're going to get a reversal to the upside. That's not the way it works, OK? You need definitive levels. So my point was, I definitely did not want to be short at the open. Again, if you came in short, congratulations, you had a phenomenal, phenomenal overnight, but as an intraday trader, the last thing I want to do is start shorting in the hole. There's a phrase, if you've been around Wall Street trading for a long, long period of time, it's called shorting in the hole. There's no X-rated version of the story. It just basically means when technical damage occurs and you get a big, aggressive gap down. There's going to be emotional sellers there, basically the last people that jump off the Titanic. And all your leftovers are bits and pieces of body parts. You don't want to short that. That's where buyers come in, at least for the initial move up. So I basically said, look, the value is definitely to the upside. So we need to wait for channels to develop after 10 o'clock. I'll start putting in these pivots one by one as I see a clear lane develop. And in a good case, again, this is we reclaimed 33, 3550s would be a potentially huge rally. That's still far away. That's the remount of the 50-day moving average. And here is my first trade of the day, QQQs for experienced traders only. Remember, not every single market is for every single day. Watch the remount of 320, 20s. And it wasn't the 200-day, it was actually 100-day. Use a maximum dollar stop. So what was cool about today's session was we knew where every level was. So they lost the 50-day moving average yesterday. They lost the 100-day moving average. And this was the 150-day moving average. And this is what I was talking about, that 30-20s level is actually 30-30s. But again, let's not split hairs. So it gapped down to the 319 level. It gave us a very, very definitive level. That was our max pain. And when it remounted back off the 320-30s, I got long, right? Unfortunately, I sold way too early. And I got stopped out in the last piece before the market really went ballistic. But at least that's part of the plan. Again, we're not trying to pick the closing price. We're just trying to win our interval. And the QQs just went absolutely nuts, like literally absolutely nuts. Put this huge move in. And not only did they reclaim the 150, the 100, but they came an inch away from reclaiming the 50-day moving average. We'll talk about the ramifications there in a second. And then you started seeing one by one. Literally, a technology started waking up one by one. We started seeing really, really good pivot start to develop. And again, so far a $2 bounce. It actually turned into like a $6 bounce, like a really, really good bounce. And I kept on reiterating the point, guys, stay patient. We need to wait for these channels to develop. We should get more clarity, should say more clarity, not more clarity. We should get more clarity after the 10 o'clock channel. And what happened was once the baby, throw the baby out of the bathwater crowd, completely just sold, literally sold at the bottom of the range, you started seeing really good areas to kind of wake up here. So I put in this go-go. I still like this go-go. Guys, watch this thing for tomorrow. I didn't confirm. But keep an eye on this thing for tomorrow. If all you guys are trading these little ones, keep an eye on it. This thing has got rejected at the same area. This thing starts getting around, getting above this whole $12 area. You could get a nice push here. It never sold off, so that's a really good side. But you started seeing beta come in one by one by one. So let's talk about these pivots here. Alibaba 21850 needs to build. And you can just see them one by one waking up. Here is Alibaba, right? So here's the 21850, right? Here's this whole channel here. This 21850 level closed pretty much right at the highs, 22150, Zoom, I screwed up. But again, it is what it is. 287 needs to build. Zoom just went absolutely nuts. Like this was literally one of the stronger names and Zoom went to 300. So here's the pivot here. I completely screwed it up, but it went to all the way up to like 301, 302. Big, big move there. Tesla 328 needs to build. It was actually another area of Tesla that was available. And I said the hardest part about today is just waiting for the channels to develop, not to anticipate, not to overthink. And again, one by one, they started popping. 49250, 493, and Netflix needs to build. Here was Netflix. It took out the 49250. This whole area here, 49250, 993, went all the way to 498. Boeing was about, actually shorted Boeing. I actually shorted Boeing here off that 25 area. It got down to like 2380s before a reverse. And nice little scout there. 426, 26 to the upside, 600 to the downside. Again, there was another area in between. I'll show you that in a second. Amazon was a really, really nice move. In case we wake up, right? And that was the whole point. In case we wake up and the tape gets stronger, 3195, 3200 needs to build with a measure potential move of 3240. Congratulations, guys. This is a phenomenal move. There's very little shakes in Amazon. So here is the whole 3195, 3200 levels. And look at the high of the day, guys. 3238, missed the measure potential by $2. Just a really awesome move in Amazon. Square was really good too. Square 217 needs to build. Buyer came in for the weekly 220s. You can see them one by one by one. I'm probably, I probably missed a dozen of others, but you could only trade what's in front of you. You could only literally identify what you see. So 217 needs to build with a 200-weekly call buyer coming in. Here was Square, right? Here was Square. Here's the 217, got rejected. 21650, 21650, took out the 217 and it went all the way up to 21 and a half. Nice move there on Square. Amazon, perfect. Absolutely perfect move. Take on the way up. Square, take on the way up. Netflix, take on the way up. Somebody asked, you know, somebody asked, hey, no pivots this morning. We were waiting for those 10 o'clock channels. So I winked and I said, hey, how about now? Everything woke up really, really aggressively. Great job today, guys. Alibaba, big move there. Coin, coin actually looks pretty good. Coin 299-300, it was right at lunchtime. Can see at previous highs of 307. Not a big move, but Coin had a really nice, you know, nice bounce. It took out the 300, went to like 303 and change. I still like the macro level here coming up in the next day or so. They do report on Thursday after the close. Maybe you get one more day of run-ups. Again, nice little lunchtime spike, blah, blah, blah, blah. Again, great job here. Nice little spike here. Intro day on Tesla, 622 rejected several times. You know, went up like three, four bucks on that 622 remount. Here was Tesla. I know it wasn't a huge move, but here was that 622 remount right here. 622, it traded right into supply here around 625. Not a big move, but again, you don't need every single trade to be huge. Again, take on the way up. And I said, listen, not bad, not bad at all. So I think going into tomorrow, guys, and this is kind of how we look at it from the technical side. Yeah, the good news is we definitely defended some levels, right? I think that's a very big key. So now at least we have a definitive area here, just in case the bears seize back control and get everything's possible, right? Everything's literally on the table. But just in case the bears seize back control, at least we have a definitive line in the sand to the downside, right? In the future, in case they start coming down this level and start reclaiming areas, then we could have a problem. Again, then you have a very, very big problem because the measure potential from demand to demand starts getting really, really big. But again, I don't want to put the cart in front of the horse. The problem with the upside tomorrow is that we did get rejected off the 50 day moving average. And there's a lot of charts that are stuck in the middle channels. Now, my preference of choice, if I'm gonna get long anything tomorrow, okay, I don't think we're gonna get this majestic moves like we saw today, but I do believe there are some value. And if you look at names, for example, like RBLX, right? Like RBLX has some really good earnings today. Again, if RBLX has a day two running, starts going red to green or opening range highs, maybe it's gonna start attacking all-time highs, right? That looks good. It's a very, very strong chart. Name like Coinbase, again, ahead of earnings. Maybe it takes out this channel here. Maybe we get a run-up ahead of earnings. So that looks good, right? There's some measure potential there. You know, a name like Docu, maybe coming off the bottom, right? So here, coming off the bottom, they got really, really beat up. If it starts reclaiming the five day moving average, maybe we get another move as well. So I don't believe tomorrow is gonna be like today. I don't think the aggression, I don't think the volatility. I don't think the erratic behavior today, aggressive-wise in the indexes. Like I don't think we're gonna see a two, 300-point swing in the NASDAQ. I think it's gonna be a lot more controllable, maybe a lot more muted. I know a lot of people tomorrow, based on today's action, gonna be a little bit disappointed because you're not gonna have the measure potential. But again, it's trading the market you have in front of you and preparing for that type of day. Today, at least, based on last night's video when we talked about it more in strategy, we were ready for the volatility. We were ready for levels being rejected and reclaimed. We were ready for the expansion channels for the measure potential. That's not gonna be the session tomorrow. I think tomorrow's gonna be much more controlled. I think tomorrow is better for more scouts. You know, maybe in beta names, when you get the dollar, dollar 50, try to get $2, maybe get a holder runner to see if you get a better move. But I don't envision a session like we did today. And again, it's very, very important to kind of learn how to shift gears, right? Get aggressive, stay passive, but more important, stay in the game. Guys, have a great night. I wish you all the best. God's help and I'll see you all tomorrow.