 All right, good morning. Good morning, Hamara. OK, we'll go through the order flow in the live markets here with Bookmap. Risk disclaimer, trading equities and futures involve substantial risk of loss is not suitable for all investors. Past performance is not indicative of future results. For more information, you can go to bookmap.com and find out more about ways of connecting. And the Bookmap for equities here, understanding exactly what it is and how we're connecting with NASDAQ TotalView. And then some of the pricing information is here as well. So if you want to give Bookmap a try and get a 14-day trial period, you've got it. And basically, there's just two different versions here. Now, the DX feed for equities is packaged here. But there's basically just two versions, so basic Bookmap and advanced Bookmap. They are billed quarterly, and the differences between the two are the one-click trading and the add-on features here. So that's that. Once you register at bookmap.com, you'll have access to a lot of the educational materials here. You can watch these video snippets that we highly recommend, understand what the order flow occurrences and phenomena in Bookmap, how to understand it, and digest that, and then start to see it in the chart for yourself and integrate it into the way that you trade. The recorded webinars are here. Both links will take you to the YouTube page. And then you can see here is the YouTube page. You can also go to other playlists here. And the order flow video snippets are here. All right. So that's that. And let's move on here. OK, so we'll jump right in. And we will take a look at the higher time frames. Today's Fed Day. So markets are going to be probably pretty quiet or bouncing around between ranges, waiting for the 2 PM Eastern time. But we'll take a look anyway and see what's shaping up in the order flow here in Bookmap. Let's see, Homera, if you download 6.1 there, you automatically charge for equities? No, not at all. You can download and install Bookmap 6.1. But that's that. If you want equities, though, then you will need to purchase the DX feed. That's how it works. And you'll just have to hit the Upgrade button. Once you log in, it's here. Let me show you. Once you log in, whoops, no, it's not there. It is here. Add-ons are Upgrade. I believe that it will be the add-ons here. But if not, then try the upgrades. Let's see. So this is the process we're going to go through. We go through it every day. Looking at the macro view, getting a feel for what's going on out there in the market, larger levels of support and resistance, however it is that you look at it. But then we want to look at the microstructure in Bookmap. And I'll define that for you as well, so you guys know exactly what we're looking at. Microstructure, the real term for microstructure is we're not looking at minutes. We're looking at maybe just seconds or even sub-second for microstructure. But you'll see what I mean. Anyway, then we'll look at the order flow very objectively. And that's where we really dive in and go through the process. Now, doing this process here, trying to go through it very objectively. So it's useful for you. This will allow you to pinpoint your entries and your exits and also your trade management. So then this is the process here. Once we show up and understand the micro and macro structures, the auction. And we'll go through this here. But let's start off with the higher time frames and take a look here. Let's wow, oil. We see oil inventories here. So big move to the downside. I'll stay away from oil. Maybe I'll show something in there just for the fundamental release to show what that looks like in Bookmap. And understanding of liquidity and lack of liquidity and volatility. All of those things are combined. And you can really read it very visually and clearly in Bookmap. It really gives you the insight to how these markets work, the mechanics of these markets. And then it makes the point here. What Bookmap is is very, very objective information. It's really a very complete picture of what's going on in the market. We're a trading platform. We're not a strategy nor are we an indicator. We are a platform that is just giving a really clear picture of what's going on in the marketplace. So let's take a look at the ES instead. And we do have a little bit of movement here. So that's good. So higher time frames, you can see that we came back up in, well, let's actually look at the daily chart first. All right. So we've been kind of in a range here for several days, as you can see. And bouncing back and forth between this 2415 on up to around this 2446 or 45 area. Now let's look at a 30-minute chart. And you can see we came up just this morning It looks like the open here. No, 8.30, we had some news, came up and tested the high from several days ago, back on June 9th on Friday. And you can see that sellers are engaged here. Sellers jumped into this market, and we see a nice move to the downside. Where are the buyers? Well, let's just outline some of these higher levels here. The first area I'd be interested to see if there's buyers would be below these swings at 2435. Or other areas, maybe down in these swings here. Or you might look at a range as well. It may be kind of a volume cluster or node somewhere in this area here. Are they going to support price maybe around this 2430 on down to this 31 down to 230. Anyway, that's what we see on this half hour chart. Let's look at a five-minute chart. And really not too much to see here. We just did that initial move at the 8.30 here. And then you can see 9.30 with the cash open. We see the move right down right away. And we've continued to the downside since. Starting to get some wicks down here, though. Starting to see a little bit of buying right into this area that we just outlined. So what does that look like in Bookmap? Let's take a look. And let's see here. I'm going to have to quit some things here. Let's take a look at the ES. And I'm going to zoom out all the way. And you can zoom out very quickly with Bookmap just by using your center mouse wheel. Or you can use the zoom tools up here if you like. I just find it easier using the center mouse wheel. And it's very, very quick. All right, well, here's what it looks like. Here's our 9.30 open. We can see that maybe a little bit of movement looks like basically all selling, to be honest, right at 9.30. And we've just continued to sell off to the downside. And then in terms of microstructure now, let's take a look. And this isn't really so micro. That's what I was alluding to beforehand. But we'll draw in some structure here and get a feel for what's going on. So I like a trend line like that. And we're testing that area now. And other areas of interest, let's see here. Well, I'm looking at areas where we broke from and then returning back to. So we broke from here, basically. But we can see we returned back into this area here in this kind of high volume node right here. And we did not go up any further. So I'm going to put that swing in here at 24 at 40. And I'm also going to look for this swing here at 36 and 1 half or so. And that looks good for now. All right, so we can see the tail here just before 11 o'clock and the move down here and a lot of selling down to new lows. But reading this structure, I mean, this trend is still intact. In fact, now we can start to get into the order flow. And what do we see? Well, look at some of these areas here. These are little points of exhaustion up just beyond this trend line here. And we can see that there were no buyers. There is no interest in taking this up further, maybe into higher liquidity here at 36. And let's go through the process then for the order flow. So we looked at the microstructure. We looked at the higher time frames. Now let's look at the auction. We're showing up to the marketplace, looking at the auction and understanding what's going on there. And what do we see? First question is, where are the majority of the participants? We want to understand the current configuration of the book. It's just like showing up at any other auction and understanding where most of the buyers and sellers are lining up, where there's interest. All right, and let's answer that question. Let's take a look here. And we can see very clearly pretty high areas of liquidity here at 36 and down here at 33. These are the highest areas in the book for right now. And we're channeling between those two areas. So that answers that first question. Let's jump back here. How do these participants behave when price approaches them? This is a very important question to understand if the majority of these participants really mean to trade at their areas or not. And let's take a look here. So we need to test these areas to see first if that condition is true or not. As price comes up toward them, do they stay in the book? And so far, so good. We're coming back up to that area of exhaustion, where we just exhausted before. This is actually looking pretty good for maybe, I think we're looking for maybe this 36 and 1 1⁄2 area to be tested. And I'll get to that in just a minute here. But and why, right? We're starting to break this trend line here, but we're starting to get volume trading above the trend line, right? And volume above, where it exhausted previously, we're starting to see some green dots and some buying activity here. So therefore, I'm looking for the next area to get tested. And that would be the swing here up at 36 and 1⁄2. And here we go. OK, we're up at 36. And we can answer that second question now since we just came in and tested it. Did these guys want to trade here at 36? And the answer is no. As price came right up to them, they pulled their high liquidity out of the book, right beforehand. And nothing traded into that high liquidity. And you can see their behavior here. Look at how it was bright here. And then they started to pull as it got darker. And then right as price came up into this area, they pulled that liquidity. Look at their starting, and we can pretty much judge it here. This player here pulled their liquidity and added it up three ticks higher up at this 36 and 3⁄4. And why do I say that? Well, I can look directly at it. It got a little darker here, and it got brighter up here at that same moment. And that's the behavior we're looking for to judge. This is bullish behavior. For the bulls, this is a good thing. They're pulling liquidity to higher levels here. So we're answering that second question now. And now that third question, which I already kind of precluded here, was the transactions. What is the tape telling us? Where are the transactions taking place? Reading the traded volume in the tape. And we were reading it here previously, and we're getting a shift in the order flow right now. We saw these little points of exhaustion. We saw the trend was still intact. But that picture changed right in this area here. We started to note that more volume trading up here, it was not exhausting out. In fact, we found buyers, and buyers are still engaged in here. And where are they on the bid now? What's the configuration of the book now? Well, we noticed them pull from 36, and they're up at 36 and 3 quarters. What about the bid? Well, they're getting pretty bullish too. We see higher liquidity up here at 34 now. So they want to be buyers down here. Or it's up a little higher than previously. It was at 33. Looking again for these green dots, let's see the continuation here up into our high liquidity area. Any of these sellers that were involved in this trend here, well, they're going to be buyers as we come up into some of these areas here. They're going to be trailing their stops down. And it looks like we have the potential here to run those stops to the upside. But we're gauging this auction here because we're also finding sellers are jumping in here at this 36 and 3 quarters, and also now at 37. And maybe the buyers won't want to take them on. So that's a possible scenario. If that happens, this is the scenario here. We exhaust out of this area, and we'll return back down into at least the middle of the range, and maybe down to this higher liquidity at 34 and 33. And now this is the third test up to the 36 and 1 half area, and very little trading up here. Let's see, Joseph, you reinstalled Bookmap. For Ninja Trader, the folder is on your C Drive programs and then Bookmap. And then you'll find the Ninja Cater in the NT folder. For equities, equities, you won't add it that way at all. In fact, that's why Bookmap offers this multiple connectivity here. And you can just connect up to your Ninja Trader and then add your DX feed. So go to Configure. And I've already added it here, so I'm not going to remove it. Also, I'll lose my data. But then you'll add connectivity here. So it's not working in Ninja. So you can't find the Ninja Cater. You cannot import the Ninja Cater. Is that the issue? OK, so yeah, let me see if I can find it here. Just a minute. OK, here it is. So you go to your C Drive. This PC, C Drive, Program Files x86, Bookmap. And then NT is the folder here. And then it depends on what version of Ninja you're using. If you're using 7, then you want to use this one. If you're using Ninja 8, then you want to import the one for Bookmap Indicator V8. OK, you don't have it in the download. That's odd. It should be there. OK, yeah, maybe what might have happened is maybe you downloaded it, but it was a partial download. That could be the issue. So maybe try downloading it again. Logging into Bookmap and just delete it completely. This is what to do, Joseph. The way to go would be to, on your new machine that you just installed it on, uninstall it, restart the machine, go to bookmap.com, redownload Bookmap 6.1. And then reinstall it. So that would be the process. And let us know and support at bookmap.com if you still have issues there. OK, so what's going on in the order flow? Let's take a look here. Well, we haven't broken above this level that we identified. We've got a little bit of trading up there right here. Now the ES is just infamous for rotating back and forth a few times before the breakout. This kind of activity in the oil or the NASDAQ you won't see as often. In fact, what you'll get is you might get this kind of swing down here and then just the extension to the upside. Or the exhaustion and then the move right down. But the ES will kind of rotate back and forth a few times. So let's watch. So what we're looking for here is now this is where we broke from in this microstructure. Let's put in another horizontal line here. And you can see the volume and time and price that accepted above here. In fact, there is a little bit of exhaustion here. I mean, there's some trading here, but it tested again. And we just came back down and tested that area. And we found very few sellers. So based on that, I'm looking for this kind of range bound activity here for the moment. So we'll see. Once we get back up into the top of these ranges, we'll see how interested these aggressive buyers and sellers are. But we will see in book map we're going to see maybe a skew in that limit order book, a skew in the auction. And that will have an effect on price. And this is where book map can help you because you're going to note that. You're going to note that very, very high liquidity affects the market. And you need to think of it this way. In an auction, you show up to an auction. And all of a sudden, what happens for, let's say, an automobile, all of a sudden, 100 new buyers that want to buy jump into the room. And they're aggressive. They want to buy right now, but at a certain price level. But very aggressively, like $1 less than the auction is going for. Well, that's going to have an effect on the price. The price, it's going to go up because now there is a lot of demand for it, even though it hasn't transacted. And that is the idea here. Now, there's a difference here. And this is a difference between longer term liquidity and that shorter, higher term liquidity that I just outlined that skews that auction. Down here, we have longer term liquidity at $33. This has been in the book for a while now. This has been digested and accepted by the market. So this is not affecting price. In fact, it can attract price. And why is that? Well, because if the market wants to find buyers, it knows where it can find them. This is not new information. It's down here at $24.33. There are buyers here. But that other scenario where I outlined, let's say that all of a sudden buyers get in here, jump in here, very aggressive with very high liquidity. Let's say it's over. We have almost 1,100 contracts here. What if they jump in with 1,200 contracts right next to or one tick below? In fact, we just saw that activity happen, but it was on the offer. This is what I mean by that market skew. All of a sudden, there was supply. Let's take a look at this. This is good stuff. Zoom in here. And let me adjust the heat map a little bit. Now, this liquidity that we saw just jump in here, this is shorter term liquidity. They were in, and then they jumped out. And look at the effect it had on price. So this skewed the auction. Sellers jumped in. They hit the bid pretty hard, and we moved down. And that's what we just witnessed. So that skew in the book had an effect. But we can identify this kind of liquidity here. And they don't really have intent to trade. It's not like these guys down here. They have much more intent to trade. They're staying in the book. Now, it looks like we're going to rotate back up, and I think we're probably going to test the higher liquidity here, 36 and 3 quarters, 37. Let's see if we get a test now at that area. And they're starting to pull some of that liquidity. All right, and we'll find lack of buyers here. So a little bit of exhaustion, where we previously exhausted as well. So at this point, actually, to be honest, this is opportunity for these sellers here. If they want to drive price down lower, this is their chance. We have a nice little cluster here of aggressive selling that started with that liquidity shift. And now we can see the sellers are starting to jump in here. We've got a little bit of volume trading down here. Look at the volume it traded up here. The aggressive buying, very little. So this opportunity here was for the sellers. And how did they handle that? Well, here we can see no one traded here at 35. They traded a tick higher and another tick higher here. But we're getting a feel for this auction and these transactions, what's going on. More aggressive, look at the dots and the overall delta of these dots. We see it's pretty equal, but it looks like in this area here a little more selling. We need to see the selling happen down here at 35 and 35 and a quarter. We want to see a big red dot down here. Then we can see the swing here be broken and we can test the liquidity at 34. So that's a potential scenario here. The other scenario is we might see a skew in that book that we outlined earlier. Maybe they'll throw the high liquidity here on the bid and they'll start to lift the offer with their aggressive buying. If that's the case, then I'm looking again for that retest of this 36 and a half. Starting to note a little bit of selling now down at our swing here. Starting to see some selling here and then countered by some buying here. So just in the range. There we go, there's some of our selling. All right, let's see if we get some continuation here. JP, if you are looking for recording the FOMC today, yeah, just you can easily do that in BookMap. Just open up BookMap and when you open it, make sure that you check the box that says record your data. And then just run BookMap and then you'll have a file in your feeds folder on your C drive in the BookMap feeds folder. Yeah, I mean, well, you can give BookMap a trial if you like and record it yourself. You know, I'm not gonna make a video of it, but I can share the feeds file with you if that's helpful. Okay, all right, yeah, just let me know. Reach out to support at BookMap.com. All right, pretty dismal, pretty dismal. We did see more volume started to trade down here, but we're just, look at the strength of some of these moves here. We're just going to tick or two. We're in a pretty narrow range of just a couple of points. Still no NT folder. Okay, Joseph, yeah, please reach out to support. And we'll guide you through the process, okay? Sorry about that. All right, well, not the easiest to read this, to be honest. I mean, I still see the kind of slant to the downside, but now I'm starting to read some of the transactions taking place up here. Okay, limit order book. I'm seeing very little information, very little insight, except for liquidity at 33, right? And liquidity up here at 37. And transaction-wise, like, you know, it's exhausting out kind of on both sides, but in general, there is a slant to the downside. However, like I said, that's starting to shift a little bit for me, just by looking at some of this volume here, okay? And now we're starting to see buyers start to step in here as well, okay? And that's kind of new, right? So now the bulls have the opportunity to drive price higher if they want, okay? If we find buyers, okay? Note, higher liquidity starting to come in at 36 here. Okay. Yeah, boy, yeah, this is not really seeing much here. We can see in our CVP here, maybe the columns. We can cover some of the columns. I think Francisco was asking about that. And, you know, so we got our VWAP here for this viewable period. It's right at this VWAP here, more or less, it was just a few seconds ago, or minutes ago. And we also have a high volume node here, which is here at 34 and a quarter. So maybe that's where we'll start to find some buyers stepped in, okay? Let's jump out and take a look at our bigger picture, all right? So our downtrend has broken, okay? And we need though to accept above, and we just dipped below it. We need to accept above this 35 and a quarter, okay? And here come the bulls. And let's see if we see a little more interest in buying. Not much, not much. Let's look at some other, some of the add-on indicators, perhaps, and consider what's going on there, right? So we have the iceberg detector here. Okay, and I'm not really seeing much on that either. I mean, we see icebergs on both sides here. Homero, the VWAP, yeah, sure. It's this white line here you see in the columns, okay? So right-click in the column, format the column, and then show VWAP line right here, all right? Okay, all right, now some high liquidity, look at 1,300 contracts, 1,100 contracts, just popping into the book here, very aggressively. And then they pull. Okay, this really back and forth here. But I'm looking for that scenario. I'm looking for that skew of the book, and then I wanna see them lift the offer here with aggressive buying, okay? Our trend was broken. We need to go and we need to test and accept now above the 36 and a half if we're gonna break this trend. And right now, we cannot, we see that we exhausted out at this 36 and a half, and we try to write back down. So, you can see now, as we're going through this auction process, we can step back and take a look at some of these patterns, okay? Not only is our trend broken here, okay? And we're starting to note, like, there was a nice cluster of volume that traded up above that area. We noted it earlier, okay? That's a good sign for a reversal here, okay? But now we just had a nice cluster of trade kind of down in this area. But still, and you know, that's gonna be kind of a little bit of a rewrap up for this cluster. So, what I'm trying to get at before price moves away is that, you know, we have the potential here for this looks like a head and shoulders, okay? Reverse head and shoulders. So, understanding the order flow and how the microstructure takes place, okay? And then it really defines and you understand, you know, what some of these patterns mean, what their significance is, okay? So, here come the bulls, okay? And looking now for 37, okay? We need to trade above the 36 and a half if we're gonna get that reversal, okay? Let's take a look at some other microstructural stuff here, all right? Note this little structure here that we just broke above it, right? And some aggressive volume traded above it here, aggressive bind. So, we have the potential now to trade above this 36 and a half, all right? All of these moves start out this way. We note that looking at the order flow, it'll be a microstructural move and you'll see the acceptance and that will turn into a macro view, okay? Our macro view, if we zoom out, is this potential reversal with the head and shoulders. Okay, what we're looking for now is a little bit more macro, okay? Our micro is here, our macro would be here. We're looking at, let me outline this a little bit better. Looking for a rectangle, okay? Okay, our macro view is this, okay? We're looking for a time, price and acceptance above this 36 and a half in this area here, okay? Same thing, same phenomena, but on a more micro scale. Here's our structure here, okay? And this is the kind of microstructure I'm talking about. We need time, price and acceptance above that area, okay? To come back up and test our higher timeframe. Okay, that'll lead to that test. And right now, you can see the reaction. We trade right back down into the zone or into this range, okay? That still may happen because you can see if we look at the profile here, that's the VWAP, maybe you'll start to find some buyers in this area here, okay? That'll be like your POC or your VWAP and then you're looking for buyers to step in and support price above that area, to accept above that area here, okay? If not, then we're gonna see the bears get pretty aggressive and they'll trade back down at least to test the 34 and a half and then potentially drive it down into 33, all right? Anyway, not much to cover here. All right, well, any questions? If not, then let's wrap it up and we'll call it a day. More aggressive sellers, they're starting to jump in. So we have come down and tested this area. Okay, thanks, Joseph. All right, we'll help you out. Okay, all right, well, here we go, okay? Nice cluster of aggressive selling, right? Now I'm looking for 33 to be tested, okay? We've traded through that little range that we just noticed, okay? And the POC of that area as well. And now the bears have it, I think, okay? And the structure, okay, this trend line is broken but this swing has not been broken up here, all right? So trend is still into the downside. Anyway, let's wrap it up and we will continue tomorrow and wait for the fireworks at 2 p.m. Eastern time with the FOMC. All right, guys, yeah, have a good day and we will see you tomorrow. Bye-bye.