 Hey, what's up guys? This is Alex from Xtrades back to you with another weekly trade ideas list. I hope everybody had a wonderful trading week last week. It's very slow in the markets in terms of the indexes, the spine QQQ basically stayed within a range. QQQQ kind of broke out a little bit, but it is kind of going slow, which is honestly what I was hoping for. We're looking for more of like a slow build up to want to get up too high too fast because that'll, you know, that could result in a fast reversal. So we're not seeing any, you know, signals on the indexes yet, but there are some good individual tickers we'll go over today. And we're looking at five short setups today. So we might need to see some signals on the indexes before we take these or they could be flashing signals right now. I personally think they look pretty good. So go ahead and get into the economic calendar first and then we'll get into the five short setups that we could look at for puts. So for Monday here, we do have some economic data this week. There really isn't any crazy. You can see I'm on a two star impact here because there's limited three star impact data sets coming in this week. So there's a couple of important things to go over here. So the New York Empire State Manufacturing Index, I've seen this pretty much move the markets before. So I wanted to mention that we will be seeing that in the pre-market and it'll depend if, you know, it comes in at an extreme, you know, if there's showing, you know, contractionary data or if it's, you know, looking like the economy is rebounding, you know, but if it comes in in line, you know, and it's as expected, we're probably not going to see much from it. So that will depend. And then we also have Fed Bostic. We got Fed Cash Car, Fed Barkin and a Fed Cook speech, but that's after hours. We'll write it the bell. So lots of Fed speakers this week. You see Tuesday, May 16th, we do have Fed Messers speaking. And then most importantly, the retail sales. So this is a three star impact on this website. And usually retail sales can definitely move the market. So we'll have to see how that goes. And then we have a Fed Bostic speech as well, industrial production month over month, industrial production year over year, and then business inventories. This could be a pretty good read for how the economy is doing. And then we also have Fed Bark testimony. We got a Fed William speech, Fed Logan speech and a Fed Bostic speech. So like I said, lots of lots of Fed speakers, which could make some crazy headlines and cause volatility in the market. But we'll have to see. And then Wednesday, we got building permits, preliminary building permits month over month, preliminary housing starts month over month. I don't think this will really have an impact on the market, to be honest, pretty much for real estate data. I would say that this existing home sales here, this existing home sales here could definitely have an impact on the market. And then also we just have our regular initial jobless claims. We have the Philadelphia Fed Manufacturing Index. That'll be kind of like similar to Empire State Manufacturing Index, want to see a contractionary data or some type of signal that, you know, maybe the economy is rebounding, which I highly doubt is we're kind of starting to see some economic indicators failing here and showing potential signs for recession. But if this comes in in line and as expected, I wouldn't expect it to do much Fed Jefferson speech and then also a Fed Bar testimony, so more Fed speakers. And then Friday, there's a Fed William speech. And then also we got a Fed Chair Jerome Powell speaking. And I was a little bit thrown off by this. I wasn't sure what this was for. So I did a little digging into the Federal Reserve website. And you can see it's just going to be a conversation with Chair Jerome Powell and Ben Bernanke. So Ben Bernanke was actually the chair during the financial crisis a long time ago. So there should be an interesting conversation. We'll have to see how that goes. It could be a nothing burger for the markets because the FOMC is already over, but we'll have to see. And that's for the economic data. So now we'll go ahead and get into our individual tickers here. So the first setup we're looking at puts on this, by the way, most of these setups are breaking trend lines or pulling into supply and or rejecting supplies. So you kind of naturally have to look at their short side here. And like I said, you'll want to probably see some signals in the indexes. Do you want to see like supply and keep the queue starting to pull back like they were Friday? Maybe see a little bit more downside. You could tell the VIX is very low right now. So it looks like people kind of had to find movement in other places. And you can see Netflix down 1.4 Amazon down 1.7 Snowdown 1.5 Tesla down 2.3 and then Kupe down 2 percent. And this is all on Friday. So these are kind of like those high growth names. Looks like people were looking for more volatility in individual tickers, which makes sense. Because, you know, spy and QQQ have been pretty slow. So this first setup here, we're looking at snow. You can see it's rejecting up the supply. This is a rally based drop supply zone. I filled up this nice sale in balance area. You can see it went up pretty quick, got a little overextended, ran into resistance and did reject off the supply zone. And we do have a confirmation candle showing us that the supply is rejecting. And there's also one right above right above that slightly. It's also another rally based drop in this base candle right here. So that's a nice supply, which also rejected here, created a new supply candle right here. And that's how you got this little supply stacked area from these two base candles, which had really nice run-ups and then huge sale in bounces to the downside. And that's how a supply zone is created. So for price targets, you're probably looking at this little resistance here. It's about 158. It's probably the maximum I could see it going. If it were to go that low, that could be a stretch also. Like I said, I probably want to see the indexes start pick up a little bit more downside because this is a pretty far move. If the indexes could pick up those sales signals as well, this could amplify individual tickers and make them sell off a little harder. But I mean, we'll have to see. Might need to see a little bit more from the spot in QQQ. But this looks pretty good. And really the only resistance or really the only price target or support you can go for is this 158 right here. There's nothing in this area. There's only this previous resistance that was pretty much the breakout area of this. So it's no looking at puts here. You're risk off, obviously. If it starts blasting over supply, probably like 180. It's going to be a risk off or even like above Friday's high for day trading. But for swing trades, if you were to enter this in a swing trade, obviously your risk off is above 180 for it to break out of that. That's probably going to end up going higher. And then another thing, we do have earnings coming up. So make sure you're not going to hold this into earnings unless you're ready to lose it all. The earnings are a gamble. You never know how they're going to go. You never know what kind of condition the company's in. All we're doing is reading price action. And right now we do have these supply stack areas. Rejecting straight off. And then we do have one support below at 158. So snow looking at puts. All right. And next we're going into Amazon. So Amazon here, similar to snow, we do have a rally base drop supplies there. And it's pretty massive. This is a really nice base candle. And you can see it actually rejected off this prior. But now, I mean, it's starting to kind of fall back within this little resistance here. So there's a resistance at 110 86. And that comes from this little area right here. It rejected pretty hard. But now I'm kind of trying to start to form an uptrend line. It's not confirmed yet because you only have two tests on the trend line. You do need a third test. So maybe this will come back down for a third test. You got supply here. You got this local resistance at 110 86. Price is falling back under that and closed under that Friday. So ideally, if you can get back down to the trend line or at least the 200 SMA area, which is going to be this moving average right here, that'd probably be a pretty good price target and also a conservative price target. You're not, you know, overshooting yourself here because, I mean, like I said, the indexes are not really flashing a signal yet. I mean, if you if you get those index signals, maybe you could shoot even lower, like, you know, like 100s area. But for now, maybe just, you know, keep it conservative and be careful with the shorts. Even though there's some pretty good setups here, just, you know, just be careful because we're not seeing those signals on the indexes yet. The Amazon looking at puts here, your risk off, obviously, could just be above 114s, which is the supply zone high. I want to keep it conservative. If you're day trading, your risk off is obviously going to be above, like, Friday's high or probably above this candle right here, maybe even something tighter. So Amazon looking pretty good here for a potential reversal. But like I said, still kind of in an uptrend here, trying to form one. Still holding, you know, higher lows, trying to make higher highs, but then finally found some resistance and is not able to break out of this high yet. So maybe just look for a move back down to here. You do have a small little gap right here, too. And you could, you know, maybe look for a reversal once you get down to the 200 SMA like 106s or, you know, the uptrend line or so. So Amazon looking at puts. All right. Next, we're going into Netflix here. So similar to snow and Amazon, this is also hitting a little supply area. This this selling bounce is really not as great as snow and Amazon. So this one could be a hit or miss. But also you do have this 34980 probably just round up to 350. That is a pretty decent resistance as well. And you can see it did close back under the supply. And also, you know, ended up closing under the 350s or so. And it's a pretty nice rejection candle. So ideal price targets. It looks like it did try to form an uptrend here. It failed. It probably need to get back under that again as well. And then maybe if you get down to 316s, or we can move this trend line over to this point right here. So you got 0.1, 0.2, maybe this could be a price target. You could fall down for a third test here. And I probably try to curl up about there if you were to move that trend line over. So that's just one way to look at and make a price target. If this was able to break, obviously, then you could see the 316s. I personally wouldn't shoot that low. That's a pretty decent move. Even though it doesn't look big, this is the daily chart. So, you know, these candles are, you know, whole days of trading. So you do have to be careful and, you know, not overshoot when you're day trading. Or even if you're, you know, taking short-term swing trades, you know, if you're doing swing trades, get 30 to 60 days of expiration and give it time to play out. And you can maybe hold for the lower price targets. But if you're day trading, keep it conservative, keep your stop-losses tight. And, you know, maybe you even have to adjust your stop-loss based on premium, not based on levels, because the premiums change so fast when you're trading short-term contracts, day trading. That's for Netflix here. Looking pretty decent. Like I said, you got a nice little supply candle right here. There was a nice little sell-off. And then eventually it looks like it's tried to bid up after this, you know, little earnings report here. But now, I mean, pretty much struggling at 350, had a nice rejection on Friday, falling back under the supply and looks good for moving to the downside. So Netflix, looking at puts. All right. And next, we're going into coupang here, CPNG. This is like a Chinese ticker. It's obviously going to, you know, move pretty much with like, Baba and JD and other Chinese names. Sometimes it's kind of has a mind of its own and it'll go a little bit crazier than the two and have a little more volatility. But I mean, it just depends. I mean, lots of Chinese names that do move together. So maybe you can keep an eye on the, you know, the Hong Kong Stock Index. I believe that's HSI on trading view. And that can kind of give you an idea of how China is trading overnight because they do have different trading hours than we do in America. But for coupang here, you can see it's got a nice downtrend line. I tried to break out over here and it did for a couple of days. This is actually a good setup for bulls as long as you took profit once they got into this supply stack area, which are redirected directly off. But now it's starting to fall back within the downtrend line. And also it's breaking the short-term uptrend line. So we'll go ahead and zoom into this. You can see this is your uptrend line. It had a test one, you got a test two. You had a test three, but it failed. Now falling back under that and also falling under the 50 kernel regression line here. So this kernel regression line is similar to a moving average. And I believe kernel regression lines have similar math to simple moving averages. So just kind of look at this as a smoother moving average. But you can see prices starting to fall back under that. So that could be a nice signal to start getting back down towards 15s. You can also see there's a little area here at 1539. So there's a little base right here that rocketed pretty nicely. And also you can see that it fell back within this little resistance here at 1653. So you got pretty much falling back within that longer-term downtrend. You got the uptrend breaking and you're also falling under resistance. And you had a pretty massive supply rejection. Obviously the supply rejection already happened. So you do want to make sure you're waiting for a signal on this. Maybe wait for it to get under this little base right here. And that'll flush you right down to 1539. So this is probably going to make a good day trade. And usually sometimes these uptrend line breaks, they will see a bounce and a back test before rejecting something like that. But it looks like this is starting to flush pretty heavy. Just be mindful of that and maybe don't chase it directly at loads. Wait for a little pop and then you can short. It's just something to keep in mind. I mean not every uptrend break is going to back test but it does happen sometimes. So I just wanted you to be aware of that. So cooping here, yeah. I mean you got a couple different signals. Like I said, you got the downtrend line. You got this little uptrend line breaking, falling back within resistance, back on the 200 SMA and also rejecting supply. Looks like the earnings already happened. So you don't get to worry about that. And it looks good for a little flush down to this 1539 to 1501 area. So cooping, looking at puts here. Next we're going into Tesla. So this actually has a set up on the hourly. So we'll go into the one hour chart. But you can see, I mean it's, it's got this little short term uptrend line is trying to break under that. But we will need to go to the one hour to see it. So I got the one hour up right here. You can see you got to test one. You got to test two. You got to test three bounce really nice. And then finally I started to break to the downside. Your signal for puts on this is going to be under 166.50s. So we're going to add an alert and we'll name it break down, hit create. And that's your signal. So we'll wait for it to get under 166.56. You want to see like a 15 minute candle close under this. Maybe even more confirmation and be like a 30 minute or hourly candle. Sometimes the market makers will take it under. And then, you know, algorithms a little bit right back up and pretty much reclaim the support like it never even happened. So you do want to make sure that this 166.56 gets taken care of, you know, gets broken because you can see you got to bounce here. You got to bounce here. Got to wait right here. So it's a pretty decent short term support. And you'll definitely want to see it under that 166.50s. If it gets under that, you do have a chance to flush down to 163.90s. And then below that, there's another support area at 158.83. You can also see we do have a little small gap here. Nothing crazy, but it is 163.50s to 161.80s. And that's your gap. And that's from this recent little run up right here. So maybe if it does get under that 166.50s, you do have a good chance to get, start getting back down to, you know, this little gap here. And that 163.90s that I was talking about, it just comes from this little base right here. So this is that 163.90 right here. And that's why that's going to be the first price target. If it goes under the 166.56, I just showed you on the shorter timeframe. So cause it does have a chance to get bounced there. Cause I mean, it's had such a massive bounce right here back in March. So you just have to be aware of that. If it does break, this could hold up. And you can see once it reclaimed the 163.91, had a nice little shoot up. So you just want to be careful cause it could hold that up. So that 163.91 just showed you on the one day chart. And then right below that, if that breaks, there is a little gap that could get filled. If that does fail and is not able to bounce directly after, then you do have a support under that at 158.83 that you need to be aware of, which is this little double bottom base right here that held up pretty nicely. It's kind of like a little consolidation area. So those are your levels. If it gets under 166.56, if you're getting in and get out, just that 163.90s, that'd be a good flush. That'd be a good first price target. Nice little scalp level. If it gets under 166.50s. So Tesla here, looking at puts. Next, we're going through the spies. So you can see it was very choppy last week. We still have the same supply and demand level out here. So you got the rally-based drop supply. That's not been able to get up there or get into it or anything. And also didn't even test the demand that I marked either. So just really choppy. There's really no setup on this. You might have to go down to the one hour to even see anything. So you've pretty much had to wait for it to get down here by the dip there. And then sell pretty much at any peak that you can get. Because it's just not going anywhere. So we do need to see it get out of this little range. And the only way for that to happen is if it gets under 408.64. If it gets under 408.64, it'll fall into our one-day demand that we have marked here. And that's this candle, this base candle right here. If it can get down under that, this would be a pretty good area to try to counter-train, look at a dip by maybe. And then there's another demand candle, the same one that we traded off and also we bounced off as well. This is kind of like a little demand stacked area. And in order to go lower, it would have to get under 400 basically, or under this 401. So that's pretty much going to be your short signal if you're looking at puts for swing trading. You will want to see it get under that. Otherwise, maybe wait for it to get up into supply. If it gets up into supply, you could look at scalping puts off of that as well, which is pretty good. I mean, it worked right here. It worked right here. It didn't quite reach it right here. Actually, I think it did. One second. Okay, so it actually did hit the supply. This is actually, this might have been on CPI or some type of data in the pre-market. It just wasn't showing it on the one-day candles because it doesn't have pre-market data implemented into this candles. So you can see it rejected right off our supply directly at 415. Had a nice big week reaction, and it just wasn't able to get past that. So I just wanted to show you that. And that was this candle right here on the 10th. Yep, that's the supply area. So I'd wait for it to get back up there if you want to go short, or wait for it to get under 400. And if we're trying to buy the dip, wait for it to get back down to 408.64 area. Wait for it to get down to this demand area, which is going to be like 407s, 406s. Or if you really wanted to wait, you'd have to wait for the breakout. That's going to be above, you know, 418s, 419s. So that's your levels of focus. Really no trade on this right now. We're going to have to wait. And it's also going to depend for me on the camera lipivots when it comes to day trading, which reset every single day. So we'll have to see how, you know, they open up on Monday and see how price action is looking. That's where the SPI hopefully will be able to find some next week. And next for the QQQ. So this didn't totally reach the supply area I was looking for last week. I was looking for the 328s to 330s to get hit. It fell a little bit short before finding a rejection candle. But either way, I mean, it's still holding up structure here. This is really hard to short. You haven't tapped the supply yet. You haven't broken a trend line yet. So it's really hard to go short off this unless you buy time on it. And, you know, you can deal with upside risk because upside risk is still there. You got an up trend line holding. You're holding over 321.51. It can make a base off 321.51. And, you know, go higher. You also have a new demand zone right here. So you got a couple of things kind of going against you if you were to go short here. But if you were to wait for it to get up into supply, wait for it to get up in the 330s or the May 330s, that's a good area to start looking at shorts. Because look, you have this huge sell imbalance here from 2022. This is a great area to start looking. And, you know, it's pretty close. So like I said, if you bought time on this and could deal with a little bit more upside risk, wait for it to reject, that would be great. That's a pretty decent short setup just because, I mean, this sell imbalance from over here is just so massive. I feel like it's going to be hard not to reject it again, at least short term, before trying to go higher. And, you know, with the way things are looking, I'm pretty sure it might take a little bit for this to break out. But, I mean, who knows? All depends on economic data. The Fed is pretty much data dependent, which makes us data dependent as well. So our fate relies in the data. But for Trace, this week on QQQ, I personally, I'll probably wait for it to get back down to $321.51 if it wants to dip into there. Good area to start looking at along again and go counter trend. Pretty much as if you would do right here, you can see pulled in right here, held up nice, pulled in right here, held up nice, pulled in right here, and then also broke out. This $321.51 has been a great trading level. Looks like there's a short-term resistance here as well at $320.63. And you can see, I mean, price went over that, pulled back in. It actually did bounce off $320.63 pretty nicely. It can go down to the one hour. Yeah, so this is that $320.63. It did break under it briefly, but it reclaimed it. Once it reclaimed it, really big one hour candle here, about half a percent to the upside almost. Just had to reclaim it, and it was able to have a nice little run up. But either way, I mean, this is just classic break and retest structure. So you got your resistance, you got the breakout, retest, move higher. And the same thing, looks like it's trying to do the same thing off this $320.63. So you got a breakout retest off $320.63. If it can make a base or a bullish candle, I mean, it could march a little higher. I feel like it might get back down to the downtrend or the uptrend line first. Might even test this demand in $321.51. And that'd be a better spot to look at calls, at least for day trading. Me personally, I probably wouldn't want to buy calls or swing trades up here. It's just a little too extended for me. But I mean, either way, I mean, you can still just follow the trend. Make sure it's holding over $321.51. Under $321.51 and under this trend line, it's probably going to be risk off and tech will pull back. So that's for QQQ. Just wait for those levels to hit. Be very selective. It's kind of getting up to a frothy area here. Once it gets up to the $328 to $330s or the mid $330s, you know, around like $335s, $334s or so, that's, you know, pretty good area to start looking at puts as well. Next, we're going on to IWM. But you can see it's basically unchanged. I've been looking for the same thing every week. If it gets up to the downtrend line, it's been a really good area to start reloading shorts or at least looking at put scalps off of that. And you can see exactly why. I mean, it just keeps rejecting. It's not able to get over. Now at maximum, I could maybe put us down to the $170.34s. I feel like we're starting to see a little bit more selling pressure from the banks and the financial sector and that could bring it down a little lower. But either way, that's probably about as low as I could put it because each time we get down to this $170 to $168s or so, it just ends up bouncing short term. It bounced right here. It bounced right here. Also bounced right here. So I mean, the amount of times it's bounced, that could mean the support's getting a little bit weaker. It looks like every bounce has kind of ended up a little weaker than before. So that could be a sign that this is starting to fail a little bit. And also this is a descending triangle formation. You got flat bottom resistance making lower highs in a downward slope. So that is a bearish pattern, but it would have to get under $168.19s to confirm that. And then it could get down to $162.50s and that would be a descending triangle pattern playing out. And you can see, I mean, it's kind of just like, it had its peak up here, came back down. It's kind of making like a little shoulder right here. And it looks like it's just, I mean, it's kind of starting to break back down maybe. But you do need those confirmation levels and you wouldn't need to get under $168.19s first, or at least $168 flat or so in order to go lower. And also for the bulls, you really don't have any confirmation here either. You'd have to wait for it to break out of the downtrend line and that could maybe take you up to the $179.26s that we've been covering for weeks. And that comes from this rejection area right here. So that'd probably be a maximum price target if it was able to break out the downtrend. But right now it's still trending below. Looks like it's going to head back into the supports and you'd have to maybe take profit around there and wait for a reload if it came back up to the downtrend line or if it gets under $168.19s and confirms our descending triangle formation. And that's going to confirm under support. So yes, you could speculate on a descending triangle breaking down before it happens, but that's not the correct way to do it. That's not the correct way to identify a pattern. Either your pattern is always confirmed below or above a level. And that's the same thing with ascending triangles, which are bullish, which is literally the opposite of this pattern. You wait for it to break out high top resistance. You wait for like a candle close over, like a back test, and then it can go higher. And that's your confirmed pattern. Same thing with this. We're waiting for a support to break. Once you get the support break, that confirms your pattern. That's where a lot of people get patterns mistaken. We'll start speculating on them before they even form or before they're confirmed. And then they wonder why it bounced back up or why it totally inversed their move that they were planning on going for. That's because you didn't wait. So sometimes you just have to wait and be patient, so your pattern is going to be confirmed under that level. Or if you're bullish, you're going to want to wait for the breakout of the downtrend line. Simple as that. But like I said, maximum, I can put us down to 170.34 to 168s, just the same support as before. And then probably try to snap back up again and just keep doing the same thing. That's where the IWM really no ideal entry. You know, my favorite entry is obviously going to be directly at the trend line once you get short-term confirmation. We can even zoom in here. So this is the daily downtrend line. So this is the same line we're just looking at. Nice rejection here on the 15 minute. You got another rejection here on the 15 minute and a rejection of the general area still even here as well. So that's just something you would want to see on the shorter-term timeframe to know that you can enter. You got a nice rejection candle here off of it. You can trade down to there. You got a nice rejection candle here. It resulted in a nice gap down. So this was good confirmation to go short around the open and then this general area as well. Maybe not directly off of it, but either way still the general area and you can assume that it's probably going to keep turning downward. That's just one way to look at it on the shorter-term timeframes. But you could just want to show you like what it does in the shorter-term timeframes from this one day trend line. So that's how you'd identify that for day trading or finding an entry short-term for a swing trade. But right now, I mean, you can see it's a little bit lower and further away from the trend line. So this is mid-range and it's not a good entry for puts yet. So you're going to want to wait for it to get back down to here. Maybe you'll get calls off support or you can wait for it to break out or you can wait for it to pull back into the downtrend line again and look there. But either way, your trading point is going to be off the trend line above the trend line as support or below support. So and likewise with resistance, if they got up to resistance, you know, you could look at puts up there, but you want to wait for those inflection points and trade off those. You don't really want to trade mid-range because I mean, anything can happen there. And next we're going to entui the VIX. So the 2022 to 2023 average closed to drop from 24-22 down to 24-11. I'll pull it up right here. So I input last week's closes from 5-8, I believe, to 5-12 of May. And you can see this is our average down here, 24-11. And this goes all the way back from, you know, January of 2022 when the year started. So the reason why I wanted to track this is because this is when volatility picked up. This is when the Fed started hiking interest rates. This is when the economy kind of started to slow down a little bit. So you do want to track volatility for that period. And we use this average as sort of like a mean regression target because eventually the VIX does snap back and come back to the average. So if you're watching for the first time, I just wanted to mention that. I've explained it a bunch of times in other videos, but if you're new, just wanted you to know what this was. So for the VIX pretty much unchanged. I mean, all candles stayed within 16s to 17s. There really wasn't any crazy spike like the week before. That's because we really didn't have any, you know, economic data or anything interesting. It's kind of just a post FOMC, post earnings, kind of post CPI as well, kind of just like a slowdown. Maybe people still digesting the news, not knowing what to do next, which is understandable. We really don't know what's going to happen next. But right now the VIX still holding the 16s. They would need to get under that to get bullish for the market. So VIX definitely need to get back under 16s. And as well, as usual, my signal for bearish, for bearish trades on the SPY or the SPX is going to be over 20. So once the VIX gets over 20 or gets over with a close over 20, maybe even two daily candles over 20, that's a good signal to start looking at SPY puts, SPX puts for a swing. That means people are starting to re-hedge their portfolio. People are paying for insurance. So you really can't do anything with this this week. You're going to need a little bit more signals. Maybe if it can get back above the 1811 here, that would be a clear shot back up to the 20s. That could be a good short-term signal for puts as well. But like I said, still stuck in a range, also still holding 16. So in order to get bullish, obviously just need to get under that 16. If it gets under that 16, you could definitely head back down to 15 to 1473. And that 15 to 1473 is just this little bottom right here from November of 2021. So I just wanted to mention that. So 16 down to that. That's pretty much your range if it can get under 16. And that's why it's important to get back under 16. Because you do have that little free space it could feel. And that's for the bulls. But either way, bears, you're going to be waiting for that signal over 20. Otherwise, you know, you can look for that short-term signal over 1811. If you're looking at the shorter timeframes and day trading, maybe over 1811 is a good area. Because you can see if we go down to the one hour here, the 1811, I mean, it's just a struggle. Yeah, look, this rejection here, rejection here. It didn't quite make it up here, but either way still reject the general 18 area. So it doesn't need to get over that. They can get over that. Maybe that's a straight shot up to 20s. And that'd be a good short-term signal for day trading puts. But like I said, on the daily timeframe, which is what I usually pay attention to, it gives the best insight. You're going to wait for it to get under 16, or wait for it to get over 20. And those are your kind of more major signals that I'm personally going to be looking for. It's still holding up here. So there's still a chance it could bounce back up. And yeah, so that's why it needs to get under 16. If you want to see the market go higher and you want to see the spy SPX go higher, it's important it does get under that level and stops stagnating here. Because it kind of makes people wonder, it's going to bottom out. And also this means, you know, insurance and puts and option premium in general is very cheap right now. It's not expensive to hedge. You're very far below the 2022 to 2023 average close, which means you are getting very cheap volatility 30 days out and also getting cheaper premiums than if you were trading at the average or above the average. So it's just something to keep in mind. Just keep that 16 area in focus needs to get under that. Otherwise, wait for it to get over towards us. And next, we're going into the DXY. So finally something happened. So we've been looking for this bounce in the dollar the past couple of weeks. It kind of got it right here. But I mean, it eventually failed. But I pretty much mentioned, as long as it's holding the support, I feel like the dollar is elevated and it could snap back up and head up to 103s. We pretty much got that maybe a little short of 103. So I still feel like this can go a little bit higher. If you can get over 103s, obviously that's going to take you much higher. And honestly, this little dollar bounce barely impacted the markets. Spying QQQ to have a pretty red day, but eventually had a pretty gnarly bounce towards the end of the session. So this dollar move was up, was that plus 2.63%. So this is a decent move. Anything from like half a percent to 0.75 in the dollar is pretty good. I mean, that's definitely a move that bears are going to notice and they usually pounce and start seeing sell pressure in the market. Likewise, if the dollar is selling off that much, that's pretty good for bulls and people start panic buying stocks. But I mean, it just depends. But Friday, pretty nice move. We saw a nice little sell off in the market, but eventually did bounce and actually bounced while the dollar still kept going up. So markets stayed resilient despite this dollar. So we're doing to see it over that 103s. If it gets over that 103s, it is an area that people could start being a little bit more worried and we could start seeing a little bit more sell off in the market. And that 103s is going to come from this COVID 2020 peak. So that's a major resistance at 103 flat. That's why I mentioned it does need to get over that. And then over that, obviously it takes you up to the 105s. So if I can get over that 103s, that would be great. Meisters seem more sell pressure. You can see the dollars even getting over the 50 kernel regression here. So this is a 50 kernel regression line with a 50 look back period, pretty much like a moving average, similar to a simple moving average, but a little bit smoother. You can see I was able to reclaim over that. You can see I reclaimed over that previously over here. Had a nice run up. And then every time it gets back under and nice sell off pressure. So I mean, it's a great little trend indicator. And I've just started to get into it recently and kind of use it as a moving average. And it's just great. Like it even works in the shorter term time frame. So if you're interested in learning about kernel regression lines, they want like a little, a little point out to like a resource or like an indicator in trading view that can point you in the right direction. I know some pretty good ones that you could mess around with. And it's great for trend reading and good for like signals on the short term if you're a day trader, just looking for like crossovers or looking for price to trend under or below. And you can look for rejections and support to get made off it as well. So that's pretty interesting for the dollar here. It's finally over the kernel regression with two candles. So you got a close here and a close here. So you got two closes over the kernel regression line. Your next area, like I said, waiting for it to get over one of threes. One of threes would definitely start bringing sell pressure to the market, I believe. But if the market does start, or if the dollar does start stalling out here at one of threes and kind of chills out and there's not much currency volatility, you know, we might see the markets be a little bit more slow. So I do want to see a little bit more currency volatility see the dollar go higher. Maybe a good signal for the index is to come lower, which then also play into these shorts coming down a little bit more aggressive as well. But like I said, you know, just if you want to be patient and you want these to play out, maybe by time, you know, look at swing trades on these by 30 to 60 days of expiration now. If you're day trading, just stick to scalps and keep those tight stop losses. And you know, if you're in a loss, just cut it, move on, wait for it to get to a better spot and you could try it again. If you do want to buy time, 30 to 60 days of expiration is great. Gives you time to think. It gives you time for the analysis to play out. Gives you time to deal with a little bit of upside risk and they're not as volatile. Hope you guys enjoyed this video. I'm going to get this chopped up edited. Finally, this time I didn't have to rerecord. So I'm happy about that. The last two weeks, we had some issues. One week I had an audio issue and then the next week my blocks power went out and I didn't get done with this video to three in the morning. So that was fun. This week, hopefully get it out a little bit earlier. I love you guys. Make sure you like, comment, subscribe to our X-rays YouTube channel and I'm out.