 Good afternoon, everyone, and welcome. Welcome to Soxwa Show Live Market Review, the QQQs. Wanted to go over this today because I read the market lower today, and I haven't said it for a long time. Only intraday, though. I have to be extremely important and point the south of market. I read lower today, intraday. It was a tough call to make. Marketing really over the high. In the morning, I said it's lower, and I was right, and we're going to go over it. But I need to point out that even though the market was lower today, it was unexpected. The way that we got down this morning, I didn't think we'd do that. I saw it. It got worse as it got into the open, but I read the market as bearish today. That was correct. We did follow through. We fell into the close. Was it a good day to short? It was a good day to short, and I just have to be clear that the market is still going to make a new high this year and still going to make a new high this month. I don't know when, and I want to see it. I mean, that's a beautiful thing about knowing how to day trade. Again, day training is an art. It's an art all itself. But if you are a day trader, you're seeing things in real-life time specifically that you can make decisions on to get in and out of your trades. And for what I do on gaps, there's just no other better way to read stuff. The reason that I have accurate, so accurately read the market intraday for longer term is because I'm reading the gaps every day. Because market gaps actually basically almost every day. And I'm reading the market gaps every day. I'm reading them. And the markets gap down a lot in rally. But that was not the way I called it today. So I don't know where we gap tomorrow morning. Again, you know, probably, well, we're coming down tonight. I just don't know where we're going to open tomorrow morning. I just have to wait and see. I just don't know what we're going to do tomorrow until I see the gap. There's a possibility tomorrow we can be lower and come down and come down to 96 or even 95. Because those are the next targets down in here. Could we hold in here? Yes, yes, we could. This area could still hold in here. It still could. And I'm not going to know until I see the gap. I'm just not going to be able to tell what we're going to do tomorrow until I see the gap. And so I'm just going to have to wait to see. But I wanted to point out that the market was a nice short today if you did it intraday. But in the longer term picture, we're still higher. In the longer term picture, we're still going to make a new high. And actually, it's not really the longer term picture because I still think we're going to make a new high in this market this month. It's only October 7th. Yes, I called the market to be lower today, but we're going to fall to a higher. And every time the market rallies up, comes in, makes a lower high, lower low, lower high, lower low, lower high, lower low. And every time the market does this, more people keep getting out, taking profits, selling into their longs, and then the shorts come in. But it's the wrong thing to do. Well, the market's in an uptrend. The market's in an uptrend. One of the best things that I have figured out about gaps, which was never the reason that I decided to figure it out anyways, was the fact that I can read longer term trends and things because I know how to read gaps right. And it is not based on pivot formations. There's so many things out there that teach people how to read trends based on pivots. It's not going to accurately tell you anything. And for people that are shorting this market, it is the wrong thing to do. Intraday, if you wanted to short today, you know, I really don't have a problem with that because I called it that way lower and in the close, except for the fact that it's, you know, I would not short this market personally because I know it's too strong. I know it's too strong. Even though I read it right today as a short, and that's how it played out, you could have shorted the market today. But you know, I just don't think it's the right thing to do to play against this market because it's been so bullish. But today was a short in the market. And overall, I still don't think we're doing the crazy deep pulling that people keep talking about. I just don't think it's going to play out that way. Obviously, I'll see if it does on the live day when I see the gaps. People think this market is going to come all the way into some crazy number like 92, 91, 50, 91. Could it? Not sure. It could. It could do anything it wants. The only thing I have 100% conviction in is what? Market is an uptrend. Market isn't breaking. Nothing has happened here is bearish in the longer term. We were bearish since your day. Market will make a new hype for the end of the year. Market's going to still go to some crazy number before the end of the year. All of that is still in play. Seems hard to see right now, but I'm reading this whole overall picture here of the bigger picture here and seeing it. And if something changes, I'll say it. Which is like today. Today, this gap down the market was a no go. It was a shorter. Now let's look at the action. Let's look at the five. Because I think the five was where it was tricky, tricky, tricky and intraday traders try to trade this fine. So here's the market dropping dropping flying this morning bit down a little bit broke the little teeny weeny bit rally rally rally rally and rally and continue and actually faked lower here did a five minute cell set up fail rally rally rally rally over the high rally over the high like more than a little teeny weeny bit. Okay, market rally over the high and I still said no, we're lower, we're lower, we're lower. This is a fake out. We're gonna set up on a 15 minute cell setup. This is a faking. And I was right. And then even in here we triggered wasn't ready yet wasn't ready wasn't ready wasn't ready there. Then it did it again. It did it again came down retested in here. Look at this in here again people try to buy this thinking was going to support itself and hold and I don't blame anyone for buying this today why because the market really is still in an uptrend. But the market was gonna break today. I knew the market was gonna break the load of that and just happened late. It happened late. And here's where all of the came in all of us who you know there was a report up this afternoon but you know what, I didn't even care. I didn't even look at that. I saw the market was going to break today this morning into the first five to 10 minutes of the day. It didn't have anything to do with the report that was out at 10 o'clock or three o'clock or whatever. You can watch your things you can look for those things you can look to see if the market is going to fall off through a continuum or change direction those things but that's not the reason I called this market to do this today. How did I know the market was going to break today because I read the gap I read the gap in the daily chart and if I had rated the gap today, it probably wouldn't have rated a half bad. Now again, I did not short this market today because I'm not going to short this market because I know there's so much power into it to the upsides still like raging to come any second. But you know, you could have shorted this market today and I called it that way and it worked out and this was tough. I'm sure a lot of people didn't read this right today. Why? Because of the fact that the market held in here and then really over the high and it happened late and that is okay to see that wave and I can't could not have blamed you for seeing this way or the hold in here into the lunchtime period. So I really did a great job reading this accurately today. That's when I was saying and I said to myself, geez, I don't even know how I'm seeing this. I said that I think at one point this morning, because this was a tough call. It was a tough call to make the market lower today the way it was acting. But I saw it. And it's really it's it's a combination of reading the gap and the price action live, live reading the price action live. I think it's one of the things that's good about being in the live training room with me. Sometimes I will have everything set up and ready to go. But then you see everything in the open and you say, oh, and you just see it right away. Whether you see somebody is going to work right away or fail right away. You see it, you see it right away. And you make the decision to be able to think on your feet counts counts as a day trader. And I think it counts as any trader that you are, no matter what, okay, people love to do swing trades and overnight. People are swing trading this market short. It's just it's not the right thing to do. I don't think the way that I see this in here that we're going to some crazy number lower. Could we still pull on more? Yes, what's the next target 96 and we could get there tonight or tomorrow morning. Then after that 95. Okay, but I really won't know where we had next until I see the gap tomorrow morning. But I need to be very clear that even though I call this market short today and today, we are still in uptrend. The market's still in an uptrend. The market's not going to come have some crazy correction. This is not the high of the market for years and months to come. Market is still going to continue higher here for all intents and purposes unless I see something that tells me otherwise, which I don't see right now. I just don't see that right now. But, you know, this market is definitely having this little looky, looky, looky litter to it up in here where I know it's bringing all the people that want to short this market in. I mean, it is bringing in traders that are shorting. I'm not doing that. I wouldn't do that. I wouldn't advise anyone to do that. I think that it's just one of these things where you have to look at what's really going on each day and you read the gap. But I know that people are shorting this market. And then the lungs are getting scared. Scaredy cats. And then the lungs are taking out the profits. And so you could see some fall through that actually tomorrow here because people are going to be scared when I see the way the market fell here today. We did fall through in the gap today actually. So this is the stocks which show by trading room. This is Melissa. If you're interested in the next golden gap course to learn how to read gaps, to learn how to read gaps that are going to work in the direction of the gap or not, or what to do with them or to read the market or to be in the live trading room, which you must take the golden gap class to be in the live trading room to get my market calls and the calls in the trades. I think people have to learn how to trade to do it well. I think people can. I think if you're committed to your trading, you can do well. And boy, today was a good day. Today was definitely a fun day. Tough, tough call to make in the market today, though. I did it well. I just got to stay on track here. I just got to stay on track. Stay focused. Keep, keep seeing things as clearly as I am, which I am very, very grateful to be able to do. So nice start to the fall trading season here today. October 7th. This is Melissa with the Stockswish show by email me if you want to sign up for the next golden gap classes this weekend, October 11th and 12th. Melissa at thestockswish.com. Have a good day, everybody.