 Welcome to Access to 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 another edition of theaxesotrader.com. Nightly wrap up show. Hope everybody is doing well. Hope everybody had a good training session. As you can imagine, a day before the CPI, you weren't going to get this rock star lights out, crazy, nutty day of expansion. You could just see the cues on the kind of an intraday basis here. This is obviously a fake print, but you can see on the intraday basis right from the open, it literally went sideways, trading within a dollar, dollar, and change range. As you can imagine, a majority of the stocks did exactly the same thing. If you look at the scoreboard today, nothing really stands out. You got the Dow up a little less than 100. You have the S&P 500, literally flat, and you have the NASDAQ down 52 points. But if you look at the big macro picture, and this is kind of, we're going to segue into tomorrow's session, you can see here how tight the channel has been for the last four days. These are the numbers going into tomorrow that's going to be very, very significant and really, really viable to kind of create a trading plan in case the number goes one way or another. Last CPI came in at 6%. The readings were the forecast for this one is around 5.1, 5.2%. Who the hell even knows what that means? I'm not smart enough to understand this. I'm sure there's 30,000 other 18-year-olds on social media who will more than gladly explain it to you. I couldn't care less. It's just all about price action. Most important thing that I do know is what happens if the top of the channel gets validated, if the bottom of the channel gets validated and price action should come after. Again, it's pointless to sit there with a fine-toothed cone to try to dissect every single word, every single data point that comes out with these readings, whether it's food, energy, God knows, poodles. Whatever's involved with this, the most important part is how does the market react and how does your process take advantage of that reaction? This is where we go into tomorrow's session. As you can see here, again, four days in a row. That's the one thing we kept on reiterating yesterday. I said the one thing I always do is play devil's advocate. I like the way the market rallied yesterday. I like the way the groups shook off bad news yesterday. I didn't like yesterday going into today's session was the fact that we put in three days worth of lower highs into the five-day moving average. Today was day four. Does it mean something? Does it mean nothing? Maybe the market's just buying time for tomorrow. I'm going to take that as face value as the answer to this. Going into tomorrow, here's the numbers you should know. You have 319 to the upside. I think everybody's covered that number for the last four days. That's what the bulls need. I don't care what this number comes in and what the conversation is after. The bulls, if they could reclaim 319 on the cues to the upside, we should go higher. If the reading comes in in a way that the market rejects it, the bottom channel here keeps on holding this bottom channel here at 313. If 313 comes into play, the first move is not going to be huge. I think if the downside starts getting confirmed, the first move will only get down to this 311 level. That's the rising support of the 20-day moving average. I don't believe initially if the reading comes in and the market doesn't like it, you're going to get a straight move 10 points on the NASDAQ. It doesn't work that way. Stocks do trade from supply to supply, demand to demand. If the reading comes in poorly or at least poorly for the market reaction, the first move below 313 should get to about 311. If the market comes in well and the market has perceived well and everybody's happy, 319 should start getting this thing into the 4-4 highs of 321.63. That's for the NASDAQ. For the spies, again, banks have done an incredibly good job deflecting the bad news. We've been talking about that for the last several weeks. For the cues, for the spies, a little bit different. You got the 3-412 level to the upside. We have 4-12 to the upside for a measure potential move, the 415, and to the downside here, yet three days in a row prior to today that the bulls defended this 405, 50s, 405, 70s level. If the spies start losing the 405, let's just call it the 405. I don't want to split hairs. If the spies start losing the 405s, then we go down to 303 and then testing the 50-day moving average roughly back to that 402. That's what we have on the index side. I think it's our job every single day not to put in a bias, our opinion, our thoughts, our forecast. Our job is to be ready. Be ready on both sides of the market. Be ready on the long side. Be ready on the short side. For example, let me give you guys a couple of names that I'm watching for tomorrow. If the reading comes in bad, look at Amazon. Amazon had not a great day today, didn't have a great day today. They reclaimed back the 20-day moving average, but if it starts losing the bottom of this channel here, maybe this thing starts revisiting the 50-day moving average. Look at a setup for example like, let me give you guys a couple of names. Look at a setup for example like Microsoft. Microsoft went down today based on some AI news. First they go up on AI, then they go down on AI, who the hell knows, right? Who the hell knows? Who the hell cares? You can see here twice, it stopped at this bottom channel here. If it starts losing the bottom channel here, yeah, there's another three, four points of downside as well. To the upside, right? If the market starts waking up, look at a name like TTD, right? Beautiful, beautiful channel here. Nice, condensed, tight channel setting up here. If it starts attacking the top of the channel here, maybe this thing wakes up. Look at a name like VKTX. Again, not usually a name that I would cover, but look at a name like VKTX. It's getting super, super tight. It's gotten rejected off the top of the channel now twice in the last two weeks. This thing looks like it's ready to go. So your job for tomorrow is definitely be ready on both sides of the market. We know our levels to the upside on the ETF side. We know our levels to the downside on the ETF side now at, well, tomorrow at 8.30, we will get our answer. Is the first move a fakeout? Probably the first 78 moves are fakeouts. You're going to really need the market to open up, to take some sort of death blows to the kidneys, a shot to the temple, to really take a couple of blows before they set up a trend. Again, once that trend is developed and it confirms on the 10 o'clock highs or 10 o'clock lows, depending on which way the market's going to go, then we have a viable situation, especially if we start attacking macro level. So that's it. It's kind of pointless to sit here for 20 minutes to try to decipher what's going to happen tomorrow. We don't know. We're going to know when the data is released, 5.1, 5.2. That's the consensus going into tomorrow. Last month, again, we had about a 6%. I think the reading committed 6%. So we kind of know where we are. So let's get into the pivots of today. Like I said, there wasn't a lot. There wasn't a lot. But the point is, the ones that did go, they went. We talked about narrowly. Let's start off from the bottom. TTD, I like. It got to the 62 level. It still needs to confirm. Q's obviously never got there. NVIDIA gapped up into the 278 level. And it went literally straight down from there. Amazon went straight down. It was literally nothing going on in beta in the first hour. So Alibaba needs to build. It never got there. It went straight down. Mara, we talked about last night. Remember, guys, we talked about last night, the old Bitcoin thing with Mara? Mara broke out yesterday on a huge volume above this 9.10 level. Had 11, $12 calls, or $10.5, $11 calls coming in. And Mara went nuts. Here is the pivot here. 9.55 needs to build. It's gapping up after confirming that 9.10 level yesterday. So here was 9.55 level. Here was Mara. It was tight pre-market sitting on the 9.55 level, which was right over here. And once it got above 9.55, just absolutely rocketed one as high as the 10.64. Congratulations for all you guys who caught that. Nice little scalp on Tesla. 86.40 needs to build. It went to 89 and change. Nice little pump. Nothing crazy. We knew ahead of time it wasn't going to be anything crazy because there's supply coming in here. So it took out the previous channel here of 86.40 and went right to the next supply zone and got rejected at 89 and changed. Again, nice little cash flow. Again, Tesla is going to need a lot of work to get out of this supply. I think if tomorrow, this is one of those names, if tomorrow the reading comes in bad, I'll start looking at bottom side channels. Unless it really gaps up and reclaims the 50-day moving average, then we'll obviously reassess there. AMD just went straight down right off the where it go. It went pre-market highs like 96.40s. It went straight down. Coin was a big, big move. 69 needs to build on coin. Coin had a nice move. Marrow went crazy. Riot went crazy. Coin took out this whole channel here at 69. Went right to supply as 72.50s. Really, really nice move there as well. I believe that is it, right? I believe that is it. Yeah, we were looking for a pivot potentially later on a day on Tesla and they never got this. That's it, guys. That is the wrap up tomorrow is the CPI. Again, don't sensationalize it. People are already talking about, oh, tomorrow's a big day. Tomorrow's exactly the same day as everything else. This is going to be a little bit more volatility and a little bit more aggression. An hour before the open. Let the noise die out. Let the bodies get placed wherever they need to be buried. And then just like every day, act like a professional, wait for the trend to develop. Have your game plan in hand and just wait patiently for confirmation. Guys, God bless everybody. Have a great day tomorrow and hopefully I'll see you guys tomorrow night. Take care.