 All right, what's up guys, this is Alex from Xtrades back to you with another weekly trade ideas list. Hope everybody had a wonderful weekend, good trading week, all that got to rest your brains. Now we're coming into a new week, pretty data stacked week, and we've got some more earnings. So it's definitely going to be an interesting week. I wouldn't say it's probably going to be as action packed as last week, but we'll have to see. So before we get into the setups, we're going to go ahead and get into the economic calendar here. So Monday, July 31st, I don't think either of these is really going to have an impact on the market. But Tuesday, August 1st, we can see we have the S&P final US manufacturing PMIs. So this can definitely move the market. Also have the jolt job openings, get a hint into the labor market, see how it's doing. Also have ISM manufacturing and construction spending. So these three probably the most important for Tuesday, and they can definitely move the market. And Wednesday, August 2nd, another labor market data set. We have the ADP employment. This can definitely move the market. Thursday, August 3rd, we have initial jobless claims as usual, US productivity, prelim, S&P final US services, PMI, ISM services, and factory orders. I would say the ISM services and the services PMI probably going to move the market the most. Friday, August 4th, this is the most important day of the week. So we do have the non-farm payrolls. This is usually always the biggest labor market data set that we have. Probably right next to Joel's job openings, I would say the non-farm payrolls is definitely the most important one in terms of the labor market. And then we also have the US unemployment rate. We have US hourly wages and then hourly wages year over year. So pretty stocked week this week in terms of data. And then for earnings this week, we do have a couple household names coming up. So you can see Monday before the open looks like SoFi is reporting. Great platform, by the way. I actually have a long-term account with them. I enjoy it. It's maybe not the best for day trading and stuff, but they have a lot of other products they offer on the app. I recommend to go check it out. Then Tuesday before open, we have Uber, Pfizer, Caterpillar, Merck, JetBlue, Altria, SunPower. After the close, most importantly, AMD, big chip name. So this is probably going to make NVIDIA move and the whole chip sector move. We also have DVN. So this is Devon Energy. It's a pretty big name. I believe it's in the XLETF. We also have Starbucks, Pinterest, MicroStrategy for the Bitcoin people. Then Wednesday, we also have CVS. After the close, we got PayPal, Shopify, Qualcomm, Oxy, another energy name, Unity Software, Robinhood, Etsy, Mercado Libre. Thursday before the open, we got Wayfair, Warner Bros., Expedia, Moderna. After the close Thursday, Amazon, Apple, Coinbase. I'd say these three are probably the most anticipated. Also, we have Airbnb. We got SQ, DraftKings, Cloudflare, Wish, PBR, another energy name. Then Friday, not too many big ones. I would say FuboTV is a pretty cool stock. I mean, it's a small cap, maybe a mid cap. That's pretty cheap, but used to be a pretty big play during the pandemic. Not so much anymore. And then Nicola used to be a good play until it turned into a scam. And then also FSR, so another EV play. Minion Energy, and that's for earnings. Those are the ones that stuck out to me the most. And another thing, we're coming into August, which is arguably probably the most choppy month of the year, according to seasonality. And if you've traded in August before, you know, it can get very slow. People go on vacation, Wall Street goes on vacation. And a lot of times it feels like you're just playing against the computers rather than real people. So you can see August here very choppy. It doesn't really do much until they're running up towards the end of the month. And that's usually due to end of month rebalancing. And, you know, people are trying to window dress to make, you know, make their returns look good, especially Wall Street and institutions trying to look good for their clients. So lots of times you'll see run-ups going into the end of the month. But I just wanted to show you that because the seasonality has been pretty accurate in terms of 2023. We had a great July, which historically does good anyways. We did pretty good in June as well. I don't think we really got any major pullback in June. May, the sell of May and go away did not follow at all. We had a good May as well, maybe a couple of little small pullbacks. But otherwise, we've been following the bull trend in these, you know, following months here. So maybe August will be somewhat accurate as the seasonality chart represents. I'll just keep an eye out for that. Maybe you don't oversize in August because you might not be missing much. So just keep an eye on that. And now that we've gone over all of that, went over the economic calendar. We went over some of the big earnings this week. And we also went over the seasonality chart just so you can see August and how it historically acts. We'll go ahead and get into the setups. So I got four this week. I would say it's mostly longs, but there is a one put trade and then one potential put trade, but it just depends. And that's going to be Nvidia. It can go either way because as an inside bar, but we'll go over that next. Right now we're going to go ahead and get into Foot Locker. So I've actually been tracking this one for a good little minute just because it's sold off so heavy during its earnings. I mean, it's down 30 percent. I really like the oversold plays. They bounce really good and they pay really good and you're getting a discount. And especially if it's a profitable company and they're trading at a relatively low price to earnings ratio, you can find some really good opportunity. And eventually Wall Street institutions will try to buy back in, try to get a discount and they'll start accumulating down here like you see. And then eventually you'll see that recovery. And also you're kind of getting a discount in terms of volatility, especially if it's been trading in a range like this. Employee volatility is going to be relatively low. It's not going to be too expensive and not over overpriced or anything. So you can see we do have a downtrend line here. Pretty much starting from when it gap down on earnings. You got to test one, you got to test two, you got to test three, you got to test four and finally breaking out to the upside. So it's not a huge breakout or anything. You can see closed up 3.67 percent on Friday, which means Monday could have some continuation. Honestly, it just depends. So for first price targets, the most obvious one for me is probably going to be this purple anchor VWAP and how you draw anchor VWAP. I'll go ahead and delete this real quick. You go ahead and select the anchor VWAP tool. You find like a gap or some price inflection point where probably had a lot of volume, a lot of volatility, and you want to have that be your starting point. And that's your anchor VWAP. And it'll go all the way into real time, which is right here. You can see the first test of anchor VWAP, little rejection. Another test of anchor VWAP, little rejection. Didn't quite make it up here. So you can see the anchor VWAP is a factor and it will likely try to act as resistance. So that's why you probably want to use that as your first price target. That's going to be about, you know, lower 27s or so, probably like 2705. Probably just go with 27 flat. So just watch 27 flat if it can get over that and close over the anchor VWAP. Obviously, that takes you up to probably gap resistance right here. It's going to be like 3196. So this will probably be more like a further out swing trade. I mean, it's a pretty oversold play and it's still likely it's still trending under moving averages and, you know, still in a downtrend on the higher time frames. So you do need to be patient with these kind of plays just because it's low. Doesn't mean it's going to bounce right away. A lot of times, Wall Street institutions will, you know, accumulate for a little while down here and that will reflect on the price. And you'll see a little bit of chop like you've been seeing. I've been trying to be a little bit patient with this one, and even though I've been tracking it since a gap down, I haven't really wanted to enter yet. I've been waiting for something to set up. And finally, we do have this little downtrend breakout. So I'll go ahead and add it to the watch list. And we'll look for calls on this one for types of calls. I would probably go with two to three months of expiration at least, maybe at least 30 days if you want a little bit more risk. The earnings is coming up August 23rd. So you probably want to be out before then if you wanted to hold through earnings and take that risk. Obviously, you're going to want really further out expiration. Maybe even just stick to shares. You can't really go wrong with shares because they don't expire. So this could be a good long-term play, honestly, just depends. I'll probably have to look at the price to earnings ratio and look at some other stuff before I would be willing to buy this in the long term. But right now I'm seeing this short term technical setup to the upside. So we'll go ahead and look at calls on this. And maybe we can find a long term opportunity later. So FL here, looking at calls. All right, next we're going into Nvidia. So we actually had this on the watch list last week and it worked out really well. So we were looking at this trend line plus this back test level. And you can see this is on Friday and this is it on Monday and it literally just ripped up. So it had a great setup for the calls that we were looking at. I might have gotten one little scalp in on Monday, but I didn't trade it after that. So props to you. If you, you know, did a swing trade on this or got more than I did because I only did a little scalp off this general area after I saw a 30 minute confirmation holding the, you know, the 440 area and the trend line. I was able to get like a little, you know, one or two dollar scalp on the underlying and just traded some calls. So it could have made way more, but either way, I'm glad that this setup was out just in case, you know, people were able to catch it and make some money. So I do have it on the list again this week. Reason for that is because we do have an inside bar. So an inside bar is when the high and low of this bar stays within the range of the mother bar. So it'll stay within the high and the low of the previous bar. And that's called an inside bar and it's actually a consolidation candle so it can break either way. The way to trade it, you just literally, you just mark the high and low of the inside bar and then you just set alerts and you just wait for it to either break the high or you wait for it to break the low for breaks the high. You can look at a scalp, you know, trade some calls to the upside if it breaks down the low. Good signal for puts and you could probably trade it back down, you know, towards the trend line. So that's for Nvidia here. And if you don't know how to set alerts, you just right click after you, you know, mark your levels, you right click, you just hit add alert and you can just name it inside bar high, it's safe and do the same thing, right click the low, name it inside bar low, it's safe. And there you go. And you just wait for one of the alerts to go off and that could give you a trade. Obviously, your alert won't go off if it stays within the range, but that's why you set the alerts and you wait for a 30 minute bar or a 15 minute bar. At least you want to see a break over that or break under the low and that'll give you confirmation. So this could go either way. So I'm looking at calls or puts on this, it's just going to depend what direction it breaks out of the inside bar. Just make sure you set the alerts and you wait for a signal. Don't just, you know, take a guess, let the let the chart tell you, let the daily bar tell you where it's going to go next. So go ahead and set an alert at the high and low and just wait and you can trade calls or puts on this depending on that. All right, next we're going into TLT. So this is a bond play. This is the 20 year treasury bond ETF, which has been relatively volatile lately, especially after the FOMC meeting and yields have been spiking up higher. Hence the bonds have been dumping a little bit. But now you can see TLT pulling into 98 88, which is a support from right here. All it is is this low right here. That's the 98 88. So you had a prior bounce here. I was actually looking at the support in the chat and I posted this support in the chat a couple of weeks ago and it bonds pretty good. So literally at the same zone again, same level. You can see it tapped it very briefly and then closed up half a percent on Friday. So you did have a somewhat positive reaction to support. I'm not sure if it'll do this exact bounce because, as you know, or maybe if you're newer and you don't know, supports can actually get weaker over time depending on how many times has been tested. So you have your first initial bounce of your second. This would be our third time off the area. And even if you added another one right here, you can even count this as, you know, one, two, three, four. So this 99 35 to 98 88, you could count that as just like a general zone. We've actually bounced off of it at least three or four times. So does that mean, you know, this could be getting weaker? Absolutely. But we can get back over 100 maybe on the TLT. I'd feel a little bit more confident about it running back up into supply. And the supply is going to be right here. There'll be a rally based drop zone. So you got a rally base drop, very large one. And if you can get back over 100, obviously, just take you to, you know, one or two where the supply zone starts and probably see resistance about there. We also do have a little downtrend line here. That's your downtrend line. You can see there's kind of a little false breakout and went back within. So this trend line will stay valid. You probably even use that as a price target over time. If it's able to hold over this 98 88. If it's not able to hold over the 98 88. Obviously, that's kind of a scary area. You really don't have anything holding you up here. And you have a gap right below. So that's where you can start getting scary. So you want to keep 98 flat, at least as your risk off. If this doesn't work, probably want to start looking at something else and, you know, be careful. And if it breaks, you know, just wait for it to reclaim for trying to reenter again. So that's for TLT, looking at calls, holding up support. This is probably its third or fourth test of the general area. So hopefully it can hold up here. One thing I don't like about it. You can see the slow stochastic is crossed to the downside. So that could be some hint of momentum slowing just a little bit. You can see the last time it bounced, the slow stochastic actually crossed up. So if you wanted to wait for the slow stochastic to cross back up or maybe like the MACD or something, I recommend the slow stochastic. It's got pretty good signals. If you want to wait for that to cross back up, you can do that as well. So you'd have support holding plus the slow stochastic crossing back up. And that would be, you know, a good confirmation of it holding. And you can see the slow stochastic crossed up over here at a nice run, crossed up right here at a nice run, crossed up right here at a nice little run. So the slow stochastic works pretty good. So if you want to wait for that before trying to enter, you can do that as well. And I might do that myself. And like I said, we want to see it getting over 100. So if I can get over 100 and close over 100, I'll be willing to look at a swing trade for calls, maybe about 30 days out at least and just play up into the trend line. Off this support. So that's for TLT, looking at calls. All right. Next, we're going into Costco. So this is ticker symbol costs. This is actually going to be a put trade just because it's pulling up into this 564.75. You can see this is resistance right here. Pretty big one. We go to the one week. So you can see this is the 564.75. And you can see we briefly closed under it with this weekly bar at 563.32. So it wasn't too far under it. And it's not the most bearish one week bar yet either. So we want to be careful with that. Obviously, your risk office is going to be if it, you know, starts closing over this on the one week, because that would just take you straight, you know, probably up to the next 612.27, which comes from right here. So this is the only area holding you down at the moment. You just want to be careful with that. I just want to show you the resistance. And that's all the way from August 2022. We had a pretty big pullback since this trending up pretty good. We want to add some moving averages here. See how the 9 and 21 is looking to your greens. It's a nine EMA and then your yellow. That's your 21 EMA. And it's a really good uptrend indicator and also works as supports. You can play the back tests to the upside, which you see works really good. You get a back test here, the bounce back test, back test, another back test, another back test, etc. So you probably want to use these as price targets. If you're going to short up here and another signal you want to see. This is an inside bar, actually. So we want it to get under the 562.62. So we'll go ahead and add an alert, name it breakdown Friday's low. So that's Friday's low and also an inside bar. I won't mark the inside bar high just because I don't need it. I'm not putting on trading upside on this. So I just want to see the 562.62, which is Friday's low, get taken out. First price target, I was going to be 559.20s or so at the 9 EMA. Second, if it can close under the 9 EMA, they'll take you down to the 21 or also this little previous resistance at 546.05. That's right here is also a little demand zone right here. This could be a good price target as well. So a rally based rally demand zone. So you see, since we're trading over all these things, we're just using things below as price targets. And that's what you have to do when you're shorting into strength. You want to be extra careful. You want to take extra precautions. And our extra precautions are waiting for Friday's low to get taken out. Making sure it stays under 564.75 as well. If it's not staying under that, we won't take it. So we want to stay under 564.75 and 562.62 in order to take us to the next moving average and in order to take us to the next demand zone. And it's as simple as that. If that's not met, we don't take it. So just make sure it stays under those and then make sure you're zooming out to your one day chart using your 9 EMA. That's your first price target. Go and mark up this demand zone. I actually didn't mark it correctly. There it is. So demand zones are open of your base candle down to the low. So it's going to be about five fifty four eighties or so. Five fifty four forty eight precisely. The first price target nine EMA. Second, if it can close under the nine EMA, it's going to be demand. And it's as low as I could put it. And like I said, that's if I can stay under 564.75, which is your twenty twenty two resistance I showed you. And then it can also get under 562.62, which is Friday's low. As for cost, we're going to put be careful with it. It's trading over your moving averages, still an uptrend. Slow, stochastic actually crossed down. So that's good. I like that. Even though it could be a false signal, if we can get under Friday's low, could be a good signal as well. You'd have a couple of things going in your favor there. Slow, stochastic, Friday's low breaking and the five sixty four seventy five resistance as well. So this would probably just be a short term put trade. Nothing crazy. If you did want to buy a further output swing, you'd want to go pretty far out and that can get a little expensive with cost of, you know, five sixty three thirty two. So maybe just stick to day trades on this or, you know, just shorter term contracts and make sure I wouldn't personally swing shorter term contracts. I would just stick to day trades just to be safe. So cost here, looking at puts. Just make sure you wait for the criteria to get met. All right. Next, we're going into the indexes. Usually we go over spot first, but it looks like I had QQQ right here. So you might as well just go over this while it's still here. So last week, we were focused on this three seventy two eighty five. We want to see a pullback into this before trying to buy it up to the upside. It didn't reach it exactly, but I mean, it tested the general area. If I showed you on the futures, this same area actually did get tapped. So I can even show you real quick. So that zone I showed you in QQQ is this precisely. And you can see Monday, it actually did dip a little bit lower and tapped that area basically right on the head, if not, you know, really, really close to it. So this is the area we want to see hold up and the area you wanted to be looking for, you know, did buy that, like I said, last week, not buying breakouts, not buying, you know, on up days, looking for discounts on, you know, more red days, maybe flat days. And that's where you're going to get the best risk to reward. So I just want to show you that, you know, the zone we're looking at in QQQ did actually tap on the futures. So maybe go check out the futures as well. I track both personally. So sometimes on the futures, you're going to see something you're not going to see on the ETF just because the futures trade after hours and they have longer trading dates. So it's going to have a little bit more data. That's why you see the NQ, the Nasdaq futures did get tapped on our zone that we were covered here last week. So I just want to show you that real quick, but you can see also holding up the uptrend line, you got to test one, test two, test three. This was a test four, pulled back really hard. The markets held up very violently this day. And then literally just got bought right back up, but it sold off right into the trend line. So that's arguably why it bounced. Not exactly surprising. I mean, the VIX didn't go too crazy on the sell off. It had a maybe like a up 10% day, but never got over, you know, 1553 or any of the levels that we covered pretty much every week. So it got bought back up. Another thing why we sold off this day was speculations on the Bank of Japan. And once the BOJ finally came out with their policy, I think the market liked it. The USDJPY pair actually kind of went up too. So market liked it. Oh, for this week on QQQ, obviously it's holding up your uptrend. So can't really think too bearish here. Um, I also can't really put it too much higher just because I mean, resistance is only right here at 387.98. But we did have a pretty big update on Friday. So I'm guessing Mondays might have a little bit of continuation. Uh, it honestly just depends. Another thing we were looking at last week was this major supply. This is a big drop based drop zone. You can see this big one week base candle. That's our supply. We finally had a little reaction the week prior. Uh, it only pulled back very briefly though. And then obviously I bought back up last week, but it's still inside the supply. So this is not a great area to enter call swings, but it's been good to day trade still to the upside. Uh, like I said, last week I was looking for, you know, dips around this area to trade calls off, you know, for day trades and stuff on the QQQ, uh, but this week we're not really around that area this time. So I would still be willing to buy the dip and stuff, even though we're inside one week supply, as long as we're holding up this uptrend line, I'd be fine with that. But like I said, I'm not looking at call swings on QQQ just because of that one week supply zone I just showed you. And that's this little red box that we're in right now. So it's really not too much for me right here on QQQ this week, like I said, might have a little bit more room up to this. And that's probably about as high as I could put it. Another thing you do have going for you, still trending over the moving averages. Uh, that was another thing I've been covering the past few weeks. You want to be adding at the moving averages, use the nine and 21 combination, uh, you get your nine and your 21. Use that on the one day. That's where you're going to get your best discounts instead of, you know, buying way over it and buying breakouts and stuff, uh, adding on dips, get better risk to reward, uh, better discounts, better premium, pretty much better everything. You just kind of got to go against the grain a little bit and kind of go against the crowd because you're buying on red days, uh, maybe even half days. You're not buying on these huge green days. So that's the only thing when you're adding at moving averages, it's a little bit different. Uh, you know, you're not chasing with the crowd. You're waiting for it to come down. I'm going to some room, breathe, and then it can come back up as long as it's trending over your nine and 21 combo. It's a great short to medium term, uh, uptrend reading, the nine and 21. So use it wisely. Another thing QQQ has going for it right here. You can see the slow stochastic is actually crossed up positive. So that's good. It crossed over, uh, right here. It confirmed that a couple of red days, nothing crazy, but, uh, the slow stochastic was correct. I did, you know, pull back just for a little bit. It had some weakness, showed some signs of momentum slowing, but now I was able to cross back on the 23rd or, and I'm sorry, the 26th of July. And once the crowd back up, just came right back up. So it's a good reading. It's a good little momentum tool. I would definitely add it to your chart. So the bulls do have that in their favor. And then, like I said, I see it up to maybe here maximum. And that's about it. And then we, you know, come into August with August coming up, I'm expecting chop personally, nothing crazy. And, you know, you just got to be careful with that. Probably not going to size into any crazy swing trades. Maybe just add some long-term shares of stuff. But that's about it. Nothing oversized with options this month, more than likely. So that's for QQQ, like I said, I could see that, you know, 388 or 387 98 area, maybe just a general area, maybe 387 flat. And that's about as high as I could put it for right now. But it's looking good for both still uptrend, holding 921 combo holding, so stochastic still holding up. So it looks bullish for now. All right, next we're going into the spy. So nothing really changed too much on the spy. It was able to finally break over the 78.6 Fibonacci we have been looking at. I thought I'd see a little bit of resistance actually last week and just head into demand, which I'll show you right here. This was the demand zone. I was looking for it to pull back into a good look at little dip buys there for day trading. It wasn't able to get down there, but it did hold the 78.6 pretty much good. And then we're still inside one week supply. So it's the same thing as QQQ. We're still in this major one week supply. This is a rally based drop zone from 2022. So this is a no buy zone for me in terms of call swing trades for buying call options and holding overnight just because we're still in this big supply. So it just seems pointless, no good risk to reward here. Yeah, I mean, it kind of sucks that, you know, spy wasn't able to get into the demand zone. I think I still traded some spy calls last week just with camera little pivots. I didn't use the demand zone because we didn't get down there. Now we just have this inside bar. I would definitely mark that this trading view chart, though, showing this 452s as the low that's incorrect. We can actually go to the SPX instead just because this low is not right on this chart and actually marked inside bar high and low on this. So the inside bar high is going to be 4590 16 and the inside bar low is going to be 456401. And this is a pretty nice inside bar. So you can see the major difference between spy and SPX. The spy low is not correct on that daily bar. This is correct. So you'd want to go ahead and mark this one, not the inside bar of spy, mark the inside bar of SPX just because trading views somehow mess that up. Go ahead and mark that. And we'll wait for the high to get taken out, wait for the low to get taken out. That could give a great, you know, put trade to the downside if it breaks the low or a great little call scalp to the upside if it breaks out of that. And then honestly, this inside bar highs not too much higher than where we closed on Friday. So it could be good. Like I said, the one thing I don't like about spy here is call swing trades just because we're inside the one week supply. It's the same thing on SPX. This is a rally based drop supply zone still inside of it. So you just got to be careful in that area. And you can still trade calls. I mean, obviously it's been working. You can see an update here, a little update here, update here. People are still buying at the, you know, 4,500s regardless if it's inside supply or not on the short term. Eventually, you know, those supply zones can come into fruition and you got to be really careful because eventually, you know, people could start selling. They start taking profits and that makes a new liquidity zone in the same supply zone that we've been marketing. So for spy this week, just watching this inside bar high and inside bar low, waiting for one of those highs or lows to get taken out to make a decision for a short term trade, most likely a day trade for me to be convinced on shorts or like a put swing trade on spy or QQQ. I have to see the previous week lows get taken out. So the previous week low of this one, let me just hide this real quick. So the previous week low is going to be right here at 4528. I would need to see SPX take out 4528 for me to feel, you know, bearish. So we could even mark that as well. This is the weekly low. I can even get rid of the Fibonacci because it's the same area as the 4528. So if the 4528 gets taken out, it'll take you into a little demand zone. And then the demand zone will obviously have to break next in order to go lower. But the 4528 is what I would have to see break to be truly bearish. I feel like I could enter, you know, a spy put swing. So that's for the spot. I just want to show you on the SPX just because they somehow messed up this daily bar. But it's the same thing. So go ahead and mark the inside bar high and low on SPX and wait for a direction. All right. Next, we're going into the IWM. So last week, we were focused on this rally based rally demand zone. I wanted to see price pull into that before trying to look at calls or, you know, look for upside. And as soon as it pulled in, literally gapped up the next day. So this was the first test. This was the next day. Just absolutely crazy and very accurate. So this is a great rally based rally demand zone. Obviously, I only had us up to the supply that we marked. And you can see exactly why. I mean, once we got up into the supply here on Thursday, big sell off. The broad market sold off as well. Spy and KQQ both, you know, were up and had a brutal beat down. And then the next day, obviously, everything gapped up. So this has been the trading range, you know, this little demand zone to supply. And you can see exactly why I couldn't put it any higher than the supply just because it's been struggling. So look at down to the 15 minute. You can see we actually tap the demand zone right at the close. And if you know, if you bought down there on your confirmation of a decent reaction to the demands, 15 minute candle, a really nice gap up. So supply and demand zones work very well. I really recommend checking out my supply and demand zone crash course video. It's free. Just go check it out on our YouTube channel. I go over all four sequences, the rally based rally, I go over drop base rally, base drop and rally based drop. So there's two supply zones and two demand zones and four different sequences. So go check them out. But you can see this is a rally based drop for IWM. This is a rally based rally demand. And then same down here, another rally based rally demand right here. So you see they work great. You get a bounce here, bounce here for this demand. You pull back, bounce gap up on this demand. So it's the same thing as last week. You want to see pulling back into demand before, you know, trying to buy this just because it's back inside supply now. So honestly, you can maybe look for a little resistance here if it decides to stay in a chop zone. There's also regular resistance, one ninety seven sixty six. Top here, top here. So you got regular resistance overall supply zone. The supply zone was up to one ninety nine thirties. Maybe look for a little bit of resistance here. Obviously, there's an inside bar from Friday. So you got your inside bar low, inside bar high there. We can even mark this screen for the high. So inside bar high one ninety six ninety five, inside bar low one ninety five fifty. And you can wait for it to break out of that before trying to make a decision on direction. I'm guessing it looks like it could see some resistance here just because we double top a little bit one ninety seven sixty six. You got overhead supply. You just need to take out the inside bar low at one ninety five fifty. So it had to get under this little red area to get down to demand again. So that's for IWM. Maybe look for a little pullback, but also don't make a decision yet until you see the inside bar high or low get taken out. All right. Next, we're going into the DXY. My usual list is a little bit different. I usually go over VIX first and then DXY. But it looks like I had everything kind of mixed up today. So we'll just go how I have it right here. So we're going to DXY now. Last week, we focused on one hundred and eighty two getting reclaimed that closed right here last Friday. And then we had another run up on Monday for the dollar, just a little point three percent. Either way, look at one hundred and eighty two. You got a bottom here. You got a bottom here. Pull back into one hundred and eighty two on Thursday. And then it's totally ripped up to the upside. And this is likely due to the Fed. But either way, one hundred and eighty two is just a great support. You got a test one, test two, test three, huge rip to the upside. Now you can see the dollar pulling into this downtrend line. You can see it also tapped our previous one or two support area that we probably covered this a couple of weeks ago. Same area and rejected off it very briefly. You can see the little wick, nothing crazy this week. I could probably see it, you know, just staying at one or two max. The maybe the downtrend line as well. Obviously to break out of the downtrend line, if it breaks out of the downtrend line, I could see one or three, which is the twenty twenty covid peak. And that's that's really about it. But otherwise, if it's one or two and this downtrend line, if we stay under this, probably is going to have back to one hundred and eighty two. I personally was like to see a little pullback in the market, especially for the spine, QQQ. So we'd want to see the dollar go higher for that. Well, Tony's still super low and there's a lot of optimism and recession fears are kind of losing their grips. So I've been very crazy, very, very crazy in the markets. But I mean, the dollar here, following technicals really well. Once I got over one hundred and eighty two is basically just a straight shot to one hundred and two. And, you know, I believe this dollar spike on Thursday played a huge role in why we sold off really hard on Thursday as well, especially for equities. So if we could see some more moves like that, that'd be great. I love currency volatility because it brings, you know, equities, more volatility. So just watch this downtrend line for DXY. Watch this one or two. If it can break over that great. If it can't, it's probably going to have back to one hundred and eighty two and I'd likely be bullish for the market if it can't clear over this. All right. And lastly, we're going into VIX. And honestly, going into VIX last is just very fitting because the VIX sucks. So last week, I believe we were just focused on it, just holding these bottoms. I'm trying to remember what we were looking at. So you can see we've actually had this twelve seventy three marked. I've had this for, you know, ever since it put in the low. Actually, on Thursday, I mentioned in the chat that I was pulling into this twelve seventy three and it literally just rocketed off of it. I was actually busy this day. I had to drive out of town to I didn't get to act on this, unfortunately. But I had a great double bottom bounce. Obviously, double bottom is not confirmed until it gets over the resistance level, but still just a nice, you know, bottom bounce and overall market just absolutely tanked before gapping back up the next day. But you can see nothing's changed. I mean, we closed here about 13s on Friday and last Friday we closed right about 13s. So just a little bit lower. It's the same thing as last week for holding twelve seventy three. We need to get it over 14 time, which is twenty twenty one low. Also get over 14 seventy three, which is also a twenty twenty one low. And you can see it was able to get over that first one briefly. But once they hit the second twenty twenty one low and also 15, it just pretty much pooped its pants and just had it back down. Another thing we were looking for was a close over the twenty one EMA for a good signal. You can see on Thursday, it actually did close over the twenty one EMA. Just for one day, though, usually you want to see follow through. So you want to see one day of closing over the twenty one. And then day number two, also closing over that for continuation. It was not able to do that. So definitely it wasn't a great signal and you don't always want to just go off the first close when it breaks a level or breaks a moving average. You want to see multiple and also you want to see follow through. That's, you know, that's where your confirmation comes into place when you have multiple closes over your level or over your moving average. So this week, I mean, it's still trending under the nine twenty one combo. So I'm guessing I probably just head back down to twelve seventy three or just keep chopping this general area. Obviously, it would need to break under the twelve seventy three to go lower. That would be bullish for the market. And then basically just the same things last week. I mean, I personally want to see it getting over fourteen seventy three close over that if it can close over fourteen seventy three. I want to see closing over fifteen fifty three next. And that could bring the market down, you know, bring some better discounts and we could buy the dip eventually in the spy and look for swing trades and stuff. Because it's just a little overextended right now. So I'm just waiting for Volatile to come back, waiting for some discount zones in order to jump in some swing trades for calls. I didn't be willing to buy puts if we start closing over fifteen fifty three, getting some spy puts or taking out the one week low we're looking at on spy. I'd be willing to, you know, look at some spy puts on that to, you know, thirty sixty days out, something like that. But, you know, the VIX not giving any signal yet to jump in spy puts. So I haven't jumped in any yet for a swing trade. I've been trading, you know, day trading puts and stuff occasionally, but nothing thirty days out or anything like that, which the VIX is volatility for anywhere from twenty seven to thirty four days, I believe, something around that threshold. So for the VIX, like I said, needs to get back over fourteen ten, fourteen seventy three and fifteen fifty three. That's for the bears and then for the bulls. Obviously needs to get under twelve seventy three to break loads. Otherwise, this is doing nothing, still holding the bottom pretty good. So you could argue that, you know, there's still a chance to get spiked back up. You also have slow stochastic positive crossover that obviously just came from the one green bar we have and it was able to cross it back up. So I mean, that signal is still holding. There could be something worth looking into. And it could be a little sign of it crawling back up. But like I said, still trending under the nine, still trending under the twenty one, wasn't able to get over fourteen ten, wasn't able to get over fourteen seventy three or fifteen fifty three. So obviously, you know, the VIX looks like it's still going to go lower just based off of that. You have one crossover, so that's good. You have support holding, so that's good. But you have no levels closed over. You have nothing. So that's why you really can't say that it's, you know, back in play here. This is kind of contrarian. If you want to look at VIX calls here or start looking at spy puts, it's definitely contrarian because you don't have any of the confirmations other than this little support holding and this little slow stochastic. That's your only two signs of volatility coming back here. And that's about it. So wait for a little bit more, more signals, if you want to be bearish on the more medium, medium term, because right now it's just not looking like volatility is going to come back yet. We just need to see a little bit more. This was our one sign of hope and the next day. I mean, it's, you know, back down seven percent. So you need to see a little bit more from it, break over our three levels we looked at, because otherwise, you know, like I said, we have the support holding and slow stochastic crossing up. So that could be good. That's all I got for you guys this week. I hope you guys enjoyed. Make sure you like, comment and subscribe to Extra's YouTube channel. I'm going to get this chopped up, edited and sent out. Hopefully I won't get it up too late. Hopefully the setups work out this week. Last week we had a pretty good list and video was great, especially Netflix even bounced off our demand zone a couple of times. So it made good call scouts and stuff, but you know, stay safe. Don't, you know, oversize into August showed you the seasonality chart. It's really, you know, nothing, nothing of substance in terms of history. So just be careful. But I love you guys. Make sure you like, comment and subscribe to our Extra's YouTube channel and I'm out.