 What's up guys? This is Alex from Xtrades back to you with another top five trading ideas video and Also a little analysis into the index is going into next week. So we're first set up here We're looking at DAO. We got a pretty clear downtrend You got test number one test number two coming up for test three. You have a daily 50 EMA right here We'd be looking at puts on this Or you could go short stock whatever works for you Another thing I'm going to do I'm going to add a trend line in case it wants to break out You'll get calls to the upside and for price targets. You're looking at about I See you're looking at about 28 area or so so If this holds true and it does reject this third test you're looking for move back down to here And I'm proud to try to hold up about right there And last week you saw that we had a pretty mixed bag for setups, right? We had some puts and we had some calls Mostly puts but really give watch this last week. We had MOS for calls broke out to the upside On Monday, it totally just ripped. Hopefully people took profit around there Because the next day and then you know the week, you know following or the days following it did sell off pretty hard So give you about a 4% day and get an area to take profit And there's a lot of other good setups. So I recommend you go to you know our first video for last week setups you might find some educational value in that and You know it can help you make decisions for next time So we'll go ahead and get into number two. We're looking at DL puts a set an alert looking for calls to the upside if it wants to break But the main focus is puts or if you want to go short stock you can do that And maybe I move down to 28 if you want to just turn this into a day trade you could do that too, you know sell by end of the day and Usually with the one-day setups like this, they're pretty versatile for both They're versatile for both, you know swing trades and day trades. So You could look for a quick move or you can buy time on your contracts and give it some room So you can try to get your price target back down to support The only thing concerning about this is the MACD crossing to the upside. So keep a watch on that Now we'll get into BA, ticker symbol bowing Has a pretty similar setup from what I remember here Let it load up. All right. So we got a downtrend line. We got test one test two test number three. Just like DAL You'll be looking at puts on this more than likely You know, just like the last one We're gonna go ahead right click the line Add alert at trend line And if it does want to break to the upside we'll have a setup for calls You know, if it did break back upside that'd be your stop loss to you same with DAL If it invalidated your downtrend line, you go ahead and stop out on the break to the upside And if it did break upside more likely run to this 50 EMA Which is right here or to run up to supply right here the price targets to the downside, which is our focus We're looking at about 121 There's a daily level like the daily level right there Um, it does have a little small demand zone little drop base rally demand probably run back down to there And I'll go ahead and draw up for it real quick So the test number three Looking for a move about down there and probably try to curl up right about there Um, and you saw, you know Some of the setups did do did do that last week. So Um We'll go ahead and get into pdd next This is a chinese name Now another trend line play as well. So this is an up trend line play um Since it breaks down here And you do have a close slight close under it. If you're looking at puts on this as well Um, there is a chance it could hold up. It required, you know, the hanseng hanseng index, which is the You know, chinese version of their own index If that looks to hold up, you know, you my security make a base here and rally back up to the upside But um With this trend line break, you'd be looking for a move back down to this support about 45 bucks. Probably try to curl up about there Um, that's a pretty far price target. You know, if you're just doing a day trade, you know, it'd be good You know, maybe you sell it like 50 dollars something like that with a tight stop um If it does decide to hold up And you know this this setup for the downside could be invalid. So make sure you're, you know, waiting for confirmation Maybe look for an open below the trend line Um, if it does open below is a good chance. I would say a gap down right come back up It might try to back test something like that then go to the downside um I recommend going to watch my trend lines triangles and wedges video if you haven't already If you're not too sure about trend lines yet. Um, you'll see a lot of the stuff that we cover They usually do like a back test. So either a breakout to the upside It'll come back down back test before ripping or a break to the downside It'll come back up back test and then go to the downside so And y'all know I really like trend lines because they're versatile Um And you know, you can trade multiple setups. So you can look for something to the upside if it holds It looks something to the downside if it goes down, you know, keep your options open. So We're going to get into paypal next Um, these next two are actually call setups So I wanted to keep it versatile in case we need to switch You know, I'm really trying to lean in a little more bullish because you know coming into november and Knowing that wall street has that pressure to perform good for q4 You know, it could give us a rip to the upside And um, maybe even a little bear marker rally something like that You know, we saw it last week right after the cpi number came out that everything just went You know crazy Just totally insane just insane rally from being down, you know, 1.8 percent to up almost three You just don't see that so Kind of got to keep your options open in this crazy volatility So paypal here, we got a pretty clear down channel, right? But we also have a very nice demand zone right here. So we got one day to man Um, this would be a counter trend play. So you'd be looking for it to hold up the channel Hold up the man and you know curl backed up towards, you know, the upper channel line Just like how you see here. So this is a counter trend play Um for price targets, you're looking at Let's see about 84 dollars for this previous support at 84 13 It probably hits something like that. So, you know, probably reject there um Maybe even run up to, you know, the 50 ma which is going to change, you know, as price moves So you have to see what the 50 ma is over days But um, this demand is pretty nice. It's a rally based rally zone So I'll try it out for you real quick. Got a rally creates a base Then rallies to the upside and once price returns Is you get set up you can already see that you got a strong weak reaction right here Comes back and on, you know, this day it just totally rips from demand And I'm coming back down. There's a good chance it can hold Only thing that's a little bit wary about this setup is that the MACD Um is showing negative momentum and it's crossed to the downside. So this is kind of a contrarian play That's counter trend for sure Um, your stop loss would have to be below demands on low if you're doing a swing trade. Um Because that's kind of wide if you did a day trade, you wouldn't want to set it all the way at 76 dollars Um, if you're doing a day trade, it might have to be, you know, below this little low right here What is that like 79 79 35 for a stop loss. So kind of tight for a day trade But um price target wise, I mean this 84 range is not too far away Um, but you probably tighten up your price target as well. I'm just showing you the daily levels, right? Um You want to go off nice little pivots? Something that you see price has clearly reacted to Something that shows a clear imbalance that you know, when they hit this area something changed, right? So you can see once it bounced back up here. It came back up to 84 13 Rejective right off of it. So clear area of resistance as previous support Next amd a second call. So I'm gonna go over this again. DAL we're looking at puts. Um, we set a trend line at the Trendline alert in case you want us to break upside for calls BA literally the same thing third test downtrend line looking for puts Set an alert. Um, if you want to break upside, we'll look at calls PDD another trend line play Um broke that trend line briefly Looking for more downside. Um, and you also want to be cautious if it holds up Um, the trend line because it is kind of close PayPal we're looking at strictly calls. Um, and your stop loss would have to be, you know Maximum below that demands a low if you're doing a swing trade amd Another down channel play So another counter trend you can see on the weekly You got a clear down channel Finally testing the bottom after just brutal selling Um, you got a pretty high spike in volume here. Um One could argue maybe that, you know, once it gets down here shows volume is peaking a little bit. So Um, could be buyers finally showing up. Um, or it could just be strong sellers But you have to realize the market's made up of buyers and sellers. So every seller is a buyer every buyer there's a seller so At just a you'll never know the sentiment of where they got in You'll just never know unless, you know, you're looking at sec filings for institutional traders and stuff like that. So You don't know if they're selling at a loss if they're adding to a position etc So I take volume with a grain of salt, but it does show, you know, overall activity pretty well So But you can see clear down channel They do have earnings coming up. So this would probably have to be a quick trade Um, you'd want to sell out before this because it's just a straight gamble. So Let's see At the brush for counter trend channel same thing as PayPal You just be looking for it to curl back up head back, you know, to this media line Um, maybe even the 50 e of may Let's zoom in a little bit For price targets Let's zoom in You're looking at This daily level about 60 14 Um, another previous support about 62 83 And then you'd need a stop loss Um maximum below this low if it did break the low could get ugly short term. So Um, or if it went outside the channel, it's clear that, you know, this channel might not be valid anymore. So You don't want to watch that but um, it looks like it could be a nice counter trend trade Um, you got one test two three. This would be the fourth. It did attempt to do it. Um It just couldn't make it. Um after the selling at the day after the cpi report But really nice channel you can see, you know, all the other times it did give nice counter trend stuff. So You know, just going off the pattern and You know stocks repeating history. There's a good chance, you know, you could see it curl up here We actually did have a setup similar to this on the Vita. Um, I think it was maybe two weeks ago. Uh, it gave a really nice day trade. Um, Just quick day trades off the bottom channel and uh Yeah, good opportunity to go counter trend. You know, maybe be a contrarian trader there Next we're going to the indexes so last week What did we say last week? Okay. So last week I said we um, we're okay. We were at demand. That's what it was Let's see We'll add this demand. So this is the same demand we covered. So we were looking for it to hold up here We said if it did break low, it could get ugly. It did on the cpi, but it instantly bounced. So I said if it did hold up this area There's a pretty good chance it could run back up to the trend line and it did It um ran up to the trend line rejected pretty hard So, I mean if you were trading calls to the upside, you'd be a pretty quick on an exit But you can see it's just still we're kind of in a choppy area, right? Um, we're going to need a breakout of this downtrend line for bulls Um Bears are going to want to stop saying stagnation once it hits these lows because that's all we've done Every time we put in a low it I mean it just rips So definitely starting to exhaust everybody. I'm sure Um, but you know the channel and the downtrend line was pretty clear So, um, still have negative sentiment, you know, the the fed is Still having trouble clearly um based on the economic data that maybe they're not fighting inflation that you know as fast as they thought And um, you know, that's had a real effect on the dollar on the consumer especially for confidence and you know With these kind of things that could take a long time, you know for it to start showing up in the market So we just have to you know, keep waiting on data Um, and unfortunately we're just going to wait for Jerome Powell You know, he's kind of the leader Um And telling us what you know, basically we should do with our money Especially, you know, the top 1% of rich people, you know, they're being told what to do with their money And right now it's I don't think it's by equities, but um, you never know markets could stabilize Um, we're going to want to see a breakout of this downtrend line. Like I said I'll draw Little brush right here. So when I see a breakout I probably head back to supply or this downtrend line And then try to you know, reject right there. It probably even helped to reclaim this June low Um, because we just keep shopping back and forth. It seemed like once we got back above it We found strength once we got back below it, you know strong selling One good thing about this is that the MACD is crossing to the upside So, um, as long as the signal stays up, we might be able to see some buying But um, it just depends So your levels, um, pretty much the same as last week downtrend line June low, um This little 357 area is probably important And then this new low that we made after the cpi report, um, you're going to want to see that hold So, um, just like I said last week that, you know, if this log gets lost, it would get ugly. It did very briefly Um, same with this 348 if we lose this, uh, it can get ugly short term again So we're going to want to see that hold. We're going to be looking for the breakout or hopefully make a base and, you know, stabilize a little bit QQQ Last week is pretty similar. Um Let's see we were looking for it to hold up And we're looking for it to, um I'm trying to remember what we marked last week. Okay, so we needed this June low to hold. It did break Um, and then we zoomed out. I remember And we said if it didn't that it briefly touched 260 this old september support. It did indeed touch that level and Sorry, let this load a little bit. Um It touched it. Uh, it went under it actually so we opened under it after the cpi report And then reclaimed it and then we rejected right back off the june low and just the general trend line area So we're going to want to see the september 2020 support hold. Um, maybe make a 260 base If not, um, you know, it might head back to that, you know, 254 low So we're going to want to see it hold up here if not Could run back up to See the brush Um, we're going to see a load. I'll hold this if not. Um You know, it could get ugly short term, but if it does indeed hold See a run back up to the trend line So no really clear setups at the moment on the indexes. Um, as you can see except for maybe spy Um, you had a clear third trend line rejection So, you know, you could have maybe taken puts there, but right now I think everybody's just trying to figure out what the hell is going on. So Next we'll get into iwm this one was actually way cleaner than the others So we had this demand right here pretty clear um We said it probably come down a little bit lower to test the demand It did exactly that held the june low and demand and we said if it held it would run back up to the trend line And you see that clearly right here came back up for a third test rejects right back to demand. So um fit exactly what we thought it would and um You can just see how why I'm saying if it holds it run back up to the trend line for the others because IWM did exactly that. So Once you see these patterns play out for a long time You just kind of know that, you know, if something holds it can go here if it doesn't it's not So that's really all trading is about just making sure levels hold. Um making sure they break out or break down. So And managing risk, of course Next we'll go into the vix um This was another Thing that, you know, pretty much went exactly how we thought it would um I said if you're a bowler, you're gonna want to see it stabilize, of course, uh You know, it really didn't. I think it closed here that friday. I said for bears They have a good case of running back up to 35 and rejecting there. Um a little short maybe about 34 56 and um rejected right off of it So hopefully it can stabilize here again. If not, you know, we might just Keep seeing a repeat back up to this level. So um If it does want to stabilize y'all already know, I like to use the 2022 average close Um, and also use trend line. So probably, you know If you wanted to stabilize probably come back down there try to hold it there, etc But um, we'll go into the data a little bit So after friday's close On 10 14 we have a 3201 Close that brought it up to 26 11 So you can see it down there. Um I even implemented a 50 period Moving average and you can see we're still trending over it same on the trading due chart And um, if you want to see a meme regression Back to the average, we're just going to want to see a stable 0 35 You know, if it does break out, you could see vicks 40s. Um So the same thing as last week we want to see it stabilize for bowls. Um If it does want to indeed hold up here, you know, I would just keep going off the same 35 level and um Keep watching the average close it, you know every day, you know clothes is higher. Obviously, that's going to bring it up. So Um, makes the meme regression, you know price target a little bit closer the longest is up here but um Hope y'all enjoyed this I'm hoping that these setups are just as good as the last week. Um, I know it's another mixed bag but as long as you trade smart and you know, you're making sure that trend lines are holding or um following your stop losses, etc And paying attention to the dollar the vicks bonds All that you should have a pretty good week. Um I think last week we had some really good stuff Like plug we had a gap filter aided totally filled the gap hit the trend line price target dvn Um puts, you know, it rejected off supply came back down to the the level that we looked at. So um, if you want to go back and review that and um Compare what we were looking at friday um To when it's done at the end of the week, you'll see that, you know A lot of our speculations on what price would do it did come true So um, you might get something out of that and could help you make, you know, your own watch list or Help you with your own analysis. So I hope y'all enjoyed this. Um, I'll see y'all monday if y'all need anything, you know Just message me on discord alexander underscore 96 And i'm always active. So i've traded full time. So dedicate all my time to this and I hope y'all have a great week And i'll see y'all monday. Thank you