 Good morning. Good morning. What's up everybody? Good morning. It's great to be back Hope you guys have been well since I've been away Getting hitched out of the country Let's see let me get starting a little bit slightly slow getting this thing started this morning, but We will make good progress today with everything. I am sure just have a couple little weird PC Technical issues where I couldn't seemed like my stream was very Well, so I did once you guys to deal with buffering or anything like that So I did kind of do a little last-minute reboot there to make sure that We don't run into issues as we get back into doing these live streams now that I am back and Ready to tackle these markets with you guys Real quick. Let me get things started over in our discord group For those who have Popped on the live stream this morning. Please go ahead and say hello. So I know you're here Again with the YouTube side of things. We just or we I don't have a Visibility to anybody who might just be casually watching. So if you hear pop into the chat say hello So I can say hello back would love to catch up with you guys After being out for the last so I don't know seems like it's been a couple of weeks now Even though I'm sure it's been less All right, so let's get over to the X Traits Discord. Let me give these folks a quick heads up Okay details share this copy that okay cool All right, let's get to go there Let's join the morning live stream over here in the X Traits Discord community again Those guys are just watching along casually. Let's get this screen sharing go out of them go live Okay, so Let me get back over to our YouTube feed. What's up folks good to see people here thoughts on Google today. What's up? Jonas Ddree good to see you Alex Usa is that like ASMR usa Mara Wondering what earnings will do to Google. What's up and then reviews Colgate interesting, okay? Yeah, we could take a look at that We're gonna spend a lot of time doing new trade plans this morning I don't have much to review because I'm still kind of playing catch up. I don't need this for a good chart right now So I'm gonna save and close that. All right, so let's talk about where things are at with S&P futures here As we see we're seeing there quite a pullback here this morning I'm sure we had some data to spur that along and again I'm still kind of playing a little bit of catch up On everything. Yeah, we had GDP come out this morning. Ooh That is a pretty ugly and big miss there from a GDP perspective. So quarter over quarter We were expecting The 2.5% GDP growth rate That was the consensus along with forecast 2.3% in a previous reading of the quarter over quarter GDP growth being at 3.4% The actual reading came in at 1.6%. So that's a pretty ugly number. I'm sure that's has a major Influence on why we are seeing this pullback now that that data has come out We also had jobless claims this morning 207,000 so slightly lower than the consensus. So you know jobs market or you know job side of things employment numbers Still looking quite strong, but that GDP growth rate Is a pretty big miss I would say in the world of Expectations versus Actful. So that's definitely what's got us pulling back into this demand zone here this morning. I Did spend some time last night going over ES just to make sure that At the very least I had my bearings here so we could talk about sort of expectations across the markets As we go into the trading day today And then we will definitely get into some of these ticker requests gonna spend most of this live stream like I said doing trade plans because Hey, I don't have any trade plans to really review right now after being out for my wedding the past eight or nine days And then on top of that We also have plenty to cover here That will help me get up to speed with what you guys are looking at and what we should be watching as we head into the rest of This trade wing. So again looking at ES here not surprised to see this rejection that we're seeing here We were running up against a support resistance level had confidence with 200 SMA here bearish Trend ribbon here on Neptune short signal Eventually, we are now breaking through this bullish flag that we were trying to hold here pre-market but that has slipped base or with those Economic data numbers that just dropped and now we're testing this demand zone below nice little confidence down here around 50 42 I think as long as that holds the market might try to stabilize a little bit But that GDP number was a pretty Excuse me Ugly mess in my opinion. So and we are slipping a little bit below this Sending trend line that was a little bit iffy to me anyway So I wouldn't put a ton of stock into this breaking this trend line overhead though is definitely confirmed invalid So we have a quite a quite a bearish look at the moment, right? We've got the 200 below the 333 both of those trending to the downside here on ES futures hourly chart Really struggling with the supply area overhead. We just recently rejected as of yesterday afternoon the top of that Supply zone which also has a little bit of a confidence there with this 51 27 25 level Pulling back into demand trying to hold that so again as long as 50 42 25 holds on ES I wouldn't be too eager to short anything at least as far as ETFs go and really probably the most tickers will follow kind of what the markets are doing but Below that we could see puts become a really interesting Play again because I think that does open up quite a bit of room for downside to probably come down And test somewhere in this 49 88 to 49 98 area. So Let's take a look at some of these ticker requests that you guys have dropped this morning Like I said, I don't want to waste a ton of time on just talking about the s&p futures. Let's get to some trade plans Which will also help me kind of make sure that I'm Getting some of the rust off after taking a pro long break from a trading to Go do this whole wedding thing All right, so google was the first one that was asked for so let's take a look at what's going on with google Actually are running through a prior trade plan Here Let's see. We did this one back on march 21st Really and this looks like for some reason this must have been one We did kind of quickly and on the fly because it looks like it's just mostly an upside trade plan or maybe we Adjusted an old trade plan, but anyway Looks like google has held that 148 42 Level nicely. Let's see. This is about when I went out. So we've been moving Up through some of these price targets. We're seeing a pullback Looks like it kind of had a sympathy move from that meta earnings report last night, which is I mean they beat top and bottom, but the you know, again, that's one of the things about earnings reports that makes things Or I should say make trading makes trading them with options a high risk approach to to trying to find money in the market because A company can perform well, but guide low or You know, there's a lot of different scenarios where the the market reaction may not necessarily match up to what the numbers are And then on top of that, you also have the iv crush to deal with Or you you know your move Your contracts the move that's made has to Supercede or go beyond eclipse The expected move so you could even be right on the direction and still have struggled making struggles making profit on your options contracts So again, be very careful trading earnings reports But going back to looking at google here again kind of interesting that's playing out some of these Old trade plan levels looked like it was trying to hold things bullish, but again meta really Following meta and sympathy Backtesting rejecting the 333 sma. That's a fairly bearish look in my opinion But let's get to doing a trade plan on google here also Still kind of running through Some all-time high Yeah areas where We're going to have to probably use some good extensions and things of that nature to try to get our bearings for what we need to do with google so Let's take a look at this. Let me catch up on What's happened since i've been away and also see if we can't find some support and resistance levels up here Now that google has spent at least a little bit of time Up in this range Let's start mapping this stuff out while i'm going through this if you guys have any questions Please feel free to ask those in the youtube chat and for those watching on discord just a reminder that we are Really shifting our focus over to doing these live streams on youtube So if you're in the discord and you're asking questions or asking for my input on something my apologies I'm not seeing that right now because Again, i'm really focused on what's going on with our youtube community So please come join the youtube feed and join the chat there Also a reminder make sure that you are subscribing to the x-rays youtube channel Because starting in may i am going to start or i should say i we are going to start limiting Um chat access to uh subscribers only so all right, let's figure out what we need to look at with google here This is definitely an interesting level Uh, we may be getting ready to test here shortly pre-market That's a pretty key support by the looks of it This is also an interesting level right in here a couple of daily levels hanging out in there Interesting rejection there Not seeing much else though On this kind of a double top move We'll want to keep this on watch that so Just put a little bit of a placeholder on it for now Um quite And again i'll be surprised if we find a ton Of levels on this daily chart because google just hasn't spent a lot of time up in this range Uh, yeah, definitely moving in sympathy with meta That's a pretty good four hour level. We're going to keep that on watch Yeah, definitely something right in this neck of the woods. Yeah, right about there. That looks good And not again not a lot of time spent establishing levels down in this range, but just this little Seems like there's some pretty interesting flips and support resistance down there. Okay Looks pretty good. Let's go ahead and pop on to the hourly chart I guess this is probably the all-time high on google just printed While I was flying out of the country So we'll keep this on watch. This will be a useful level And this is no longer Our quote-unquote golden ceiling. All right Yeah, interesting pre-market test there Although it looks like the real E-resistance level is really more like right here. So i'm actually going to adjust this down a little bit This could also be A little bit of a weird print there since it is a pre-market wick All right anything else of interest Kind of in this range Yeah, this is a bit of an interesting level actually four-hour level Or sorry no we're on the hourly chart I left my brain in the Dominican All right, also interesting looking uptrend potential here Figure out if it actually Holds up That that's going to it's probably going to be around there So It's not terrible Little messy as far as trend lines go or my What I like to see with a trend line, but it's not it's not the worst Trend line i've ever drawn either. So we'll keep that kind of in our minds as a factor here Anything else of interest that i'm seeing Not a whole lot. I also don't think we're going to really actually need Fifth extensions because I think 15970 is probably going to be a smart uh High price target But we'll see how this trade plan shakes out. So get the indicators on See what that's showing us around the hourly Yeah, google's looking like That slips below this 152 level Plits are going to become an interesting play Let's just clean up some of this stuff so it doesn't get distracting I also then like this 150 304 level is a stop loss if we're going to try to catch more downside on this Now below 152 13 That's an interesting little level, but I don't have actually Yeah, there's there's something here kind of a Recently established and not heavily tested level only seen it on the hourly so far Which is uh One of kind of the lower weaker quote-unquote time frames in my Way of looking at things There is potential there though or bounce So i'm kind of debating a little bit. I think we maybe nudge this entry level down just a little bit Now that i'm looking at this again Trying to knock some of the rust off here this morning after May not seem like a lot, but man Eight eight days or so away from the markets can make things Make you feel like you've not done this in forever That also makes me question whether or not we need to make adjustments To the stop loss level There is some interesting Action right around in here Because what i'm really looking at Is this being kind of a smart first price target? I like that entry level It has us about a one-to-one. Let's just check this real quick I don't know before I do that though Let's get over to the right area here Do you want to check this out? literally right on a one-to-one risk awards and not ideal not terrible, but Those are what the levels look like to me There is a potential earlier entry there, but Again, my concern would be catching You know what i'm gonna i'm gonna shift this around a little bit Let's whoops Let's take a shot at this actually And then i want my yeah, this can be our first price target down here This is yeah, that looks a little better to me actually So let's tweak this this will give us a much better Risk rewards starting out on this trade. There we go. It's like 1.36 Not too shabby So below that first price target there at 151.66 then I think we're looking at 150.29 for downside and then below 150.29 that's an interesting but Nothing but some tops no real support along that I'd be looking at this 148.42 level again. Make sure you're moving your stops down Uh if we're talking about the downside of this trade plan As we play through this downside make sure that you are moving your stops As the price action continues To the downside So Let's see. Hopefully we'll hold that 153.04 level here free market. If we do break below it before market opens I would wait for a back test of this as resistance Uh before trying to jump into any trades. Don't chase Right at open could see shorts taking profit especially shorts that got in anywhere in this range They could start taking profit when those shorts take profit That means they're buying to close their positions which will bounce the price at least temporarily So I would wait for that bounce to happen look for a back test of 153.04 to take Entry for continuation down if Google opens below 153.04 This morning All right, so where is our upside become interesting I was already kind of eyeballing this level and it's sort of giving me more confirmation as I look through things that An entry over 155.21 could be interesting I would definitely give us a first price target up here at this 156.25 interesting confluence there 200 sma top of the bearish ribbon there on neptune Got an existing fib extension level right there as well So I'd be looking to take some profit there Top loss average down Again, I haven't Looked at Google While it's been up in this range very much because I've been away I think there's a level Right Yeah, right about here That If Google drops below I would not want to be holding Upside contracts are too much longer 156.25 then I'm looking for 157.14 Next price target for sure over that This is a confirmed level yet actually It's interesting Yeah, I'd be looking for this level maybe maybe these five extensions are just off slightly That can happen again. They're just projections. They're not actual You know hard data analysis levels And yeah, here we see Google Dropping below this 153.04 level So again My recommendation for that is wait to see if we get a back test of the put entry Oops I need to be in a long position Before Going after An entry on google to play for downside So our upside trade plan we're looking for a break over 155.21 The target's a 156.25 157.14 158.25, but let me Drop this in the youtube chat and I'll also drop it in the x trades options watch list And then we'll do a quick run through of this Let's get back over to x trades watch lists so What are we looking for here on google? We're looking for a break below 153.04, which we might be seeing here pre market Um for continuation to the downside that should give us targets at 151.66 150.29 and 148.42 with the stock loss averaged down at 154.03 Again with google having an overall bearish Look to it here this morning. We're going to want to keep our Targets and stock loss tight if we're going to try to catch upside on google Which would take place if we break above 155.21 that should give us targets at 156.25 157.14 And 158.25 with a stock loss averaged down at 154.59 And again just a reminder if we do open below the put entry level here at 153.04 on google Please wait to see if we get a back test of that as resistance and then play that Resistance rejection to the downside and then use the plan from there That should work out nicely If we don't get a back test I would say Wait for 151.66 support to break Move your stop loss to 152.13 in that scenario. It's a bit of a chase At that point in my opinion. So you're going to want to keep your stop tight So again, if we don't get the back test and rejection entry at 153.04 then wait for 151.66 to break And then use 152.13 as your stop loss use the remaining price targets as you see them Those are your google trade plans upside downside Inside and outside All right So let's see what else what other tickers do we have we yeah, we asked about google google Ticker request colgate from unknown reviews colgate is not one i think i've ever looked at before Watch we'll go to this chart and we'll have support our assistance samples on it No, okay. I'm not too surprised by that I get a little coffee in my life there Interesting test of the 333 sma bullish ribbon 333 just crossed over the 200 here earnings coming up Tomorrow Pre-market What's the volume like that decent volume? Okay, let's take a look colgate. This could be a A smart flight to safety if you know if if things ever shift away from tech not saying that that's going to happen but interesting that the 200 is just dipping below the 333 but That's slightly bearish, but that's really the only bearish thing I see at least on this hourly chart Also could be looking at and i'm going to hide my indicators just for a moment so I can focus on price action only Is this yeah, it looks like it's had a nice Breakout and back test of some all-time high resistance around this level you're on the weekly chart That's a pretty good look for colgate This is kind of an approximate level we'll dial it in here in a second uh Maybe it's not as approximate as I said, it's pretty Pretty close to what I would be looking for actually to draw that level. So we'll we'll stick with that as is all right Let's kind of find a lower limit below which I don't think we'll need to tread just probably In this range yeah, there's a good weekly level here I'll be surprised if we need to look any lower than that The other interesting part of this is we're going to need to do a fifth extension A trend based fifth extension Let's take a quick look at where our trend is actually sitting It looks like you know, let's go to a higher time frame that hourly charts a little noisy Come on grab that candle There we go This could be the trend or it's I mean at least it's one I'm going to use for Figuring out these fifth extension levels, but let's I'm going to need some more support resistance levels in the mix here I just wanted to kind of get a sense for that real quick Yeah, it looks pretty good. You're on the weekly chart too. So I like that. That's about what I was shooting for Okay So continuing on let's map out the rest of these support resistance levels again in my world my approach to trading support resistance is the foundation upon which All analysis and trade plans are based on I don't think we're going to see much in the way of other Support resistance levels at least not on the weekly chart There's not a lot of price data and action up here Kind of like in this level, but it's not It's not super clear here on the weekly chart. So I'm not gonna Not gonna force it. Let's take a quick look at There's any weird Weirdness here on the extended hours chart, which there can be Like that little guy right there. So let's use the daily chart. This doesn't really do a lot of trading in the extended hour sessions Which is fine Okay, so That's definitely an interesting daily level This is as well Could be something here, but Uh, yeah, ricky. There is a discord group you can join Uh, where uh, I will post before I wrap things up. I will post Uh a link that will take you to Sign up for our discord community. But yes, that's really kind of primarily what we what we do with x trades is we are a Discord community. We also have a web app that we are trying to also create is Have a to have a community aspect to it for the web app very impressive What our developers have done and what our Founder and owner kevin's vision has been for that But yes, there's definitely a discord community. That is where you will really I you know for for me, it's what Accelerated and my learning process as far as getting into options making the shift from Trading stocks to options and then just learning From the group has been tremendously helpful to me On my personal trading journey. So yeah, definitely get into the discord group get in the mix ask questions There's a lot of people there with a lot of experience Uh, who are all willing to jump in and help New members and new traders to make sure that we're all kind of in this thing together All right, so Just trying to finish up these levels up in this range and again I'm a ton of price data to work with Let's see what we can find maybe in this mix back here Lots of tops lots of resistance Couple of support touches though. It's there It's right about Yeah, right about here Not the cleanest daily level I've ever drawn, but it's it's there But it's a pretty close Approximation that of where the level is that we want to watch this is definitely a very interesting level right here though All right Let's move this forward. Let's take a look at this four hour chart Yeah, of course ricky, we'd love to have you man come get in the mix Tell everybody how you found us These live streams are kind of just a little Taste of what we do every day at x trades. I've got a four hour level here. It's not Doesn't have the most touches in the world, but It's enough and sometimes when there's minimal data Enough's All you got All right, I think we're pretty close to having this cold gate plan ready to go Let's see Interesting lots of tops in this little range. Let's see if we can go back And confirm that there is a level here I think we also have one Yeah, right about here And Yeah, it's a little bit lower There yep Okay, cool. I think we've got things pretty sufficiently mapped out That uh, I think we can now shift this to the hourly chart And let's figure out our fib extensions. That's going to be key if we do wind up having an upside opportunity here on cold gate I Really this has been a long-standing Pretty strong trend that took things up to this All-time high test right up there I do want to see oh, you know what I just realized let's switch that there we go I don't want to get Faked out on what's going on here Yeah, thank you cd for chiming in on some of this stuff. That's Those are perfect explanations of Why x trades is such a great place to be? All right, so let's knock out our trend-based fib extensions so we can kind of project Untested resistance levels that there you go All right, so now the question becomes where can we get some nice confluences and these are going to be some broad wide fib extensions That's an interesting retest of that Level I might actually draw two sets on this to tell you the truth Yeah, I think this first set That's right about here before I Draw all the rest of these levels at the wrong colors There we go This will be set one. I also want to catch A tighter set see if we have another Starting point that we can begin another set of extensions off of Which I think we do That is a more Smaller time frame trend And we're going to run Right off of about here Yep Now the question is is there a support resistance level there that we just don't have yet Take a quick look at that I do like to have my fib extensions be based on existing support resistance levels Finding confluences or using them as Start and end points Yeah, there is a level Probably slightly lower or like right Come on move down mouse. Just a little bit. There you go. Dang it. I had it. I lost it. There we go right there Oh Oh, sorry They get the control key Or I bumped my mouse one of the two. All right, so Yeah, okay, cool So let's do another set here Just to make sure that we've got kind of a broad set and a tight set One based on kind of a higher time frame Trend this one based on a smaller time frame trend Let's see where we find our confluences Yeah Oh, wait. No, sorry. I got distracted by that other set of fib extensions Probably Yeah, I could have this daily level Off just a hair I think it's sitting right there. I think this daily level actually sits more right there I think we do also have an hourly level down here that we're going to want to watch All right, this is like full top to bottom analysis on this one, but It's kind of what we need. This is also an interesting level, but not confirmed We'll just kind of put in a placeholder there and then let's map out these other fib extensions Do this in a slightly different color? All right Whoops that down that should be good enough. Okay Let's throw these indicators on see what they show us. I'm also just so they don't become distracting I'm going to hide these fib extension drawings for now and I'll leave them on here so we can circle back if needed All right, let's see what Neptune is showing us Pretty strong support confluence down near this 87 And some change level. What is that 87 52? Daily level I could see some room opening up also. We don't need this anymore. That's not a valid trend line I just wanted it for that trend based fib extension I think we get a little bit better confirmation and more opportunity for downside if we break below Although that's way far from it from the current price actually we could have a better And earlier entry opportunity than that. I just got a little Drawn into that confidence by the indicators Looking at it Yeah, I think there is an opportunity below 88 33 First price target where I was going to set that. Whoops where I was going to set that entry level Second target was going to be my first price target that I was looking at When I was kind of putting together the plan of my brain a moment ago Third price target down at this weekly level Those tend to be pretty strong Stop loss average down There may be a level right in here that I don't have that would be Slightly better or give us a little bit more room to let the trade play out than What I currently have mapped on the chart with that four hour level there at 88 76. I think it's a little bit higher We could use this hourly level Again slightly higher, but just gives it a little bit more room to play out which sometimes That 10 15 cents difference can make all the difference between keeping you in a trade that works out versus Getting shaken out of a trade that ultimately goes in your favor Oh, you know what though That's the one thing I need to remember when I'm not looking at extended trading hours We are already down below in testing that 333 on the extended chart All right, we're going to make a slight adjustment to this actually my apologies. I forgot to switch back to that I'm a little rusty after being away for a while Well, let's yeah, let's make some adjustments here. I'm gonna flip this around I'm gonna switch this up to be in our stop loss This is no longer a factor in this downside trade plans. Let's get down on the way Let me hide this real quick. I want to see I want to see price action for a second here All right. Yep. Let's make this adjustment as well Play this down to this being our pt1 pt2 I do like at that weekly level You know what actually we're gonna make a slight shift here on both of these Looking at this price action There we go That looks good All right Let's throw this on here Now for the upside trade plan pretty clearly we're looking for a break in this 89 32 just At a glance also looking at how things can ramp up above that Clear rejection here pre-market On tuesday, I'm like this is our stop loss in this scenario it's actually That level maybe just slightly lower like right here Small adjustment first target. I know this isn't a man. That's tough. Let me get back to my This again Colgate At least from what I've seen so far doesn't Really trade at least not clean cleanly During the extended hours trading. I'd be looking more and again, this is another You know, there's not a lot of data up in this range So it's not a confirmed level, but I would certainly be looking for this multi top resistance as a first price target over that I think we start getting into some of these fib extensions and really Since we've never tested anything. I think we just go for The first two we've got on that breakout Taking things up to potentially 92 25 For what I am 90 plus percent sure Would be yeah all-time highs for Colgate. I just wanted to want to make sure before I made that statement. All right So this would be the upside trade plan And this is an interesting one. So thank you for this one Who is that unknown reviews? I think Yeah Thank you my friend for being here and thank you for sharing Colgate with us as a potential setup Also should be Pretty accessible for those working with smaller accounts Make sure that you buy plenty of time on your options contracts with this one They should be affordable. I don't imagine there's a ton of volatility baked into those contracts It's also trading below a hundred dollars. Which should Also factor into the affordability, but keep in mind again Pre-market tomorrow there is an earnings report. So if you get into anything today Try to establish free runners only or make sure you have plenty of time So you don't get smoked with iv crush as we go overnight and into the pre-market session tomorrow So But this one as interesting looks to it Also pays a really strong dividend for something that Is trading around a hundred dollar range 50 cents a share Isn't bad for a quarterly dividend on something trading Sub a hundred bucks. So keep that in mind. It's not a bad Stock buy in my opinion. It could be a flight to safety It's an area too if the things get shaky in tech and growth sectors so Here is your trade plan coal gate And let me post this over any options watch list real quick in our discord community See a live stream plan All right, so what are we looking for here on coal gate palm olive? We are looking for a break over 89 32 To catch more upside that should give us targets at 90 14 91 31 and 92 25 with a stop loss average down at 88 72 To the downside we're looking for a break below 87 80 that should give us targets at 86 87 86 43 And then on down to 85 68 with a stop loss average down at 88 33 That is your or those are your I should say coal gate trading plans So I am very happy to be back. Thank you guys for Sticking things out while I was away. I know there was plenty of analysts in the groups who probably kept you guys Well taken care of in my absence while I was off getting hitched This is officially the close of my first live stream as a married man today So, uh, thank you guys for coming back and joining me Things should be back to the regular schedule from this point forward unless you hear otherwise So every Tuesday and Thursday morning at 8 30 a.m. Eastern standard time We will be doing these live streams here on youtube. So make sure you come back and join those I'll continue to fill out the can't uh candle calendar Talking to looking at candles talking about calendars Uh, we'll continue to fill out the calendar to make sure that you guys Can check the schedule in advance to see if there's any changes or shifts and what the expected schedule is But again, generally speaking just plan on every Tuesday and Thursday 8 30 a.m. Eastern standard time to be here for the X trades FOMO live stream for those of you who are new to joining us and for those who have been around Uh and joining these for a while I want to thank all of you for being here this morning and exactly cd You you caught it. You beat me to the punch As we always say here plan your trades and trade your plans on the FOMO live stream I hope you guys have a wonderful day. I will see you in the discord Ricky, I will circle back and we'll post a link in here momentarily But thank you guys again for joining me. We'll be back Tuesday morning at 8 30 a.m. Eastern standard time Good luck got there and secure the bag. I will see you guys in our discord. Have a wonderful day Take care