 Here was yesterday's pivot. Tesla 271, if it builds below, can finally flush. And it finally lost the range. It flushed. And this was an absolutely amazing move. Everybody pretty much covers all the way down to the 10-day moving average. Welcome to Access a Trader, the number one community for those who are committed to taking control of their trading in order to achieve success, profitability, and longevity. Thank you for joining us. Here's Dan Shapiro to help you find your edge, master your process, and own your future. Hey, guys. Good to see you, everybody. Welcome to another edition of theaxisoftrader.com, a nightly wrap-up show. Usually Thursdays, I take the night off to kind of regenerate my brain. Yesterday, there was no video. Kyler was celebrating his first anniversary. We have an anniversary, Kyler, so we couldn't put out the video. He does all the editing, the fantastic job. So last night, there was no video, so I'm making up for it for tonight. If you are brand new to the channel, welcome aboard. Thank you very much for tuning in for 10, 15 minutes of unbiased talk of technical analysis. So please like, share, tell a friend, all that good stuff to help us with the PS16 movement and unbiased technical analysis. So let's get into the tape. So what I've been basically saying for the last three, four days was the market was not overbought. You guys remember that in the last few videos? Market was not overbought, but the market was overextended. Meaning, if you are watching it for the first time, overbought means if we were net up 30%, 40% for the year, and that's overbought. But from 2022, we are net about, you know, 3.5%, 4% from 2022 bear market. So we are not overbought, but we were overextended. And I kept on saying the last couple of videos that we needed a back test to kind of, you know, reset some things, right? Reset some charts. Again, when you have the biggest bulls talking about something's going up too much too fast, you know, you're kind of getting into, you know, really extended waters. And that's exactly what we've got. So we got our back test, right? We got our back test. We'll get to the to the pivot in a second. We got our back test. The cues went from, you know, roughly 373 all the way down to 360 in about three days. That's exactly what we were talking about. Nobody was talking about Armageddon. Nobody was talking about the markets going back to bear market territory. We just needed some of these charts to reset. And one of the stocks that notably that we've been watching for a potential back test, ready? Hopefully, people only get charged up for this. I'm just joking. But so Tesla has been on a phenomenal run, right? We caught this whole move up on Tesla and somewhere about five days ago, if you guys remember two weeks ago, right? Two weeks ago, I turned around on the weekend update and said, you know, I think test is a little bit too stressed. Okay, I want to wait for a backside move to see if we can catch the gravity play. And as you can imagine, you know, people lost their minds. How can you say Tesla will ever have a red day? What do you add to your mind? What are you smoking, right? Like the amount of energy being spoke about how could Tesla possibly have another red day? It was crazy. Okay, cool. So we patiently waited. We talked about this every single day. We talked about a nonstop in the webinar. We talked about it in nausea. We're not going to guess. We're not going to anticipate. We're just going to wait for Tesla to lose the bottom of the range from the previous day. And I think that can give us an opportunity. And that's exactly what happened, guys. Patience is a virtue. Okay. Here was yesterday's pivot Tesla 271. If it builds below can finally flush and it finally lost the range. It flushed and this was absolutely amazing move. Everybody, you know, pretty much, you know, covers all the way down to the 10 day moving average all the way down to 250 this morning, which was absolutely amazing. So congratulations for everybody who caught Tesla. It really does show you, you know, gravity is real. You don't have to fall in love with the stock. Okay, you can fall in love with a range. I trade ranges to long side. I trade ranges to the downside. It doesn't make a difference as long as it's a validity. Okay. And supply demand gets confirmed. That's where the allocation of capital should be, not by guessing, not by forecasting for anybody to turn around and go, I think Tesla's going to be a 200 next year or I think Tesla's going to be a 300 next year. You're guessing, right? Your guess is as good as mine. Who cares? Okay. Who cares about being right? The point is waiting patiently. And for all you guys, for all you guys who took this just amazing move, just an absolute amazing move. It was yesterday, 271, but builds below can flush. This was the result this morning. And we closed at 259 and gapped all the way down. What actually went as low as to 240, 248, 247, but put absolutely phenomenal moves. So congratulations for all you guys there. But not only, you know, not only Tesla. A lot of these names reset over the last couple of days. You know, you saw Amazon resetting to the bottom of the range. We'll get to Amazon in a second. This is definitely the move of the day, at least for me today, you know, the move of the day on Amazon, but get a lot of stocks resetting as well. Microsoft, Tesla, Apple, NVIDIA had its shareholders event today. Nothing to really talk about meta. They all, right? They all kind of sat there, got their wins back, got their sea legs back. And today they resumed the question was, well, how long, you know, how low can this, this move to the downside, at least backtests could last. We got our answer pretty quickly today. You had the Qs, you had the Qs backtests yesterday to 10 day moving average. That's all we wanted. That's all we needed. And today they gapped down and then we claimed it right back, you know, throughout the day to turn them as that green. Here's the point of reference. This is what we need from the Qs for tomorrow. Okay. If the Qs can get above the five day moving average, this 266 roughly 366 40 level, right? Everybody see that guys? If they can reclaim back the five day moving average, I think we'll get a, we'll have, we'll have another run back to the highs. Obviously to the downside, if the bears start reclaiming 360, then we'll go lower. So the ranges for tomorrow on the Qs, you have 366 40s to the upside and you have 360 to the downside to the upside. A measure potential is 375 to the downside. Measure potential is roughly 355. If the Qs start reclaiming the five day moving average, guess what? Everything that's in the Qs that had big runs are going to reclaim them as well. And if you look at the charts tonight, you'll see phenomenal setups for tomorrow. If we can reclaim the five day moving average, right? You have Apple. Okay. You have Apple today. Perfect rule. We had a three day sell off into the 10 day moving average got above the five day moving average. And now all it needs to reclaim this top of the channel from last week's highs. If it does so, you can start looking at higher prices. Microsoft did exactly the same thing. You have a three day move perfectly into this rising 20 day support. Same thing. Watch Microsoft tomorrow. You know, it's going to be mirroring the Qs. If the Qs can reclaim the five day and Microsoft can reclaim the five day, you know, Microsoft can wake up with a potential of roughly 347. Look at, you know, look at Tesla, right? Tesla did exactly what needed to be done. We have the blow off top. Well, I don't need to do a blow off top. We have the exhaustion cycle channel. You know, came back to the five, came back to the 10, reclaimed the 10. Here's the same thing, right? You see the five day, this orange line, same thing with Microsoft. Same thing with Apple. You see the theme of tomorrow, you know, how important tomorrow is. If Tesla can reclaim the five day moving average, who knows? Maybe it could start, you know, start filling in this whole move all the way back to 277. Again, they were coming with some really aggressive call buying table. Hell, we saw some January, we saw a guy come in and buy five million dollars worth of premium for the January 300 calls, right? That's a five million dollar bet. I don't care how big your fund is, you're still, you know, dishing out five million bucks on a single idea. It's not bad. It's not a small thing. The big mover today and it all came with the options market today was Amazon, right? Amazon, when the stock was today at one, you know, when the, oh, excuse me, I got the wrong chart on Apple's chart. Yet when Apple, excuse me, when Amazon was sitting there below the five day moving average, they started coming in really aggressively today for the 130s, 130 weeklies nonstop, like three dollars out of the money. And this thing really took off. And again, I can't reiterate the point more guys. Anytime you see a stock confirming a daily channel and you have repeat option flow of peak call buyers coming in, especially in cult names, okay, like an Amazon and Tesla on the video, there's a high probability it's going to get to that level because it's so much aggressive money flow coming in from institutions. They flow it, you know, pretty organically and that's exactly what happened with Amazon. We'll talk about that as well today. The one stock that can't can can't get out of its own way is AMD. AMD has been absolutely just destroyed the last three, four days. Again, we'll get to the pivots in a second. So tomorrow pretty basic stuff here, the queues of they can reclaim the five day moving average on a weekly expiration. Maybe we'll get a really strong upside day. But if the bear is taking sure we lose back, we lose back to 360, we should see the 355. So again, guys, 36640 to the upside and 360 to the downside for the bulls. If you look at the SPY, again, same thing here, you know, still close below the five day for the spies. We're going to need to really get above. Well, number one, get above 437. That was yesterday's range. Get above 4037. But for the S&P 500 to really have some legs is going to need to get above the 43840 level reclaim the five day. Just the same thing as the queues and the IWM, the Russell had a really great breakout. If you guys remember off the 182 level back tested, right? This is still the one that is struggling. It's always been the it's always been kind of the red-headed stepchild and he's a little bit of work for the IWM to get back up. It's going to really need to get back about 186. So it's going to need a little bit of work. So we're kind of set up for tomorrow. So, you know, let's talk about, right? Let's talk about the pivots from today. Let me just give him some of the parts. Yeah, so let's talk about the pivots today. Obviously, obviously the big one overnight was Tesla. I was up at four o'clock in the morning. You know, my sleeve habits have been really damaged by all these overnight markets, but it's a good thing. So let's talk about the pivots today. ETRN type base 916 never got there. Google 120 if it builds below can flush. Google had a nice little flush here at the open just like everything else. So it took out it took out the 120 traded all the way down to 1883 before the old market woke up. So good job for you guys who caught that at the open. Airbnb I still like watches 129 30 level. BBIO never got to 1720. AUR never got to 250. Yes, they was a massive, massive move in AMD. Yes, they AMD confirmed 1770 1716 40 got down to 1160. That's where the continuation pivot was today. Huge move yesterday 1160 if it builds below can flush more and AMD flush just to just absolutely flush lower yet. You had room it traded all the way down to 109 80s. And again, this is the only stock that didn't participate in the reversal against something to kind of keep an eye on but really nice move there. OSTK absolutely were nuts on if you guys saw the news. They bought they bought the assets of Bed Bath and Beyond who's going bankrupt 2290 23 needs to build and overstock when nuts today, you know, this damn thing when nuts overstock went all the way up to 26 is an absolutely huge move on overstock meta never got down to the 276. NVIDIA never got down to the two 480 Maverin never got up to the 13 level TTD never got down to the 20. Yeah, this is definitely the trade of the day. At least for me, Amazon 127 a quarter needs to build. They stock traded stock closed over 130 just a really, really big move with huge option flow there. And guys watch this AI. Somebody bought the 33,035 weekly puts for tomorrow and initially got below and initially got below the 37 and then they held back the 20 day moving average. Keep an eye on tomorrow. If it starts losing today's channel tomorrow, it could get hit. I know they had their own AI event, MDB never got there. And now, you know, like we had Tesla to the downside, right? We have Tesla to the downside. Again, this is my whole point of, you know, this is my whole point. We had Tesla to the downside yesterday and today reclaimed and 262 needs to build right back to the upside. Again, here's a perfect example. You're falling in love with technical analysis for the ranges. You don't care about the stock. It just happens to be the greatest trading stock, but it got above the 62 cleared 64 and trading. I traded almost up to 267 after hours. Again, if Tesla confirms today's channel tomorrow, it should resume to the upside. So see, you didn't need to take out the Tiki torches, the, you know, the Tiki torches, the knives and the, and the razor blades against me. Again, we're all looking, you know, we all trade these stands both ways. All we were looking for when I made the initial video on Tesla was the initial gravity trade. And that's exactly what we caught yesterday. And again, it's all about the data flow, not about your, your wish and wants. So that was a really good move there. And I believe that is it. The only one that's a little bit of a kind of a thorn in my tush is Roku. So not Roku, excuse me, Rivian, sorry. So that, you know, that's the one that's kind of stuck in my tush. So two weeks ago, I saw the 1750 calls. I bought it at 14, went to 1480s, which was fine. Then I bought it back at 15, went to 1530s, which is fine. I bought it back at 1550. It went two days ago to 1630s and I'm still sitting it. Why am I still sitting it? I'm, you know, I'm valid dollar and changing it. They just constantly come in every single day with like just an absolute barrage of continuation buying of the 1750 weeklies. I don't, 1750 July 21st expiration. Don't know why, but I'm going to give it one or two more days. I think, I think if it continues to hold above the 50 day moving average, I'll keep it. If not, I'll write it off as a loss, but I think I want to give it every opportunity to succeed just because of all those damn call buyers coming in every single day on repeat. We'll see. We'll see. Not everything can be perfect, but overall, very pleased with the day, very pleased with the week so far. Tomorrow is my favorite day because tomorrow is weekly expiration and stocks usually get pretty aggressive. So guys have a great night everybody. God bless hope everybody is doing well and with God's help. I will see you all on the field tomorrow. Take care.