 Welcome to Access to 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 evening everybody. Welcome to another edition of the access to trader.com nightly wrap-up show where everybody is doing well. I hope everybody had a fun weekend, a great weekend, a relaxed weekend, and hopefully everybody had a good trading day. If you are brand new to the channel, welcome aboard. Thank you for tuning in, spending a few minutes of your life with us. And most important part is thank you very much for giving yourself the opportunity, giving me the opportunity to kind of show you the way I look at the market. On a day-to-day basis. So let's talk about the tape. First and foremost, congratulations for everybody who had Tesla. Tesla had a really, really great breakdown. Really great breakdown from the 254 level, 252 confirmed, the 50-day moving average. If you watched the weekend update, we talked about a potential move to that 238, 240 level, unbooked beautiful move. I mean, absolutely beautiful move, and you can see it right from the word go, gap down to three points and went all the way down to 238, which pretty much closed the cycle on this whole interval, right? It traded right into this rising support. We'll get to the ramifications of Tesla in a second. I do like the way it put in the haver here, kind of reclaimed back support. And it's actually really setting up here maybe for one or two-day potential bounce back into this 252 level. And that's kind of the key. There's a shot here, if you look at the 60-minute view, right? It's getting very, very tight here that if it reclaims back this whole 60-minute channel that started all the way back to Friday, it actually could get a tradeable bounce back into the 252 level where it broke down, first of all, on Friday session. If you correlate that with the five-day moving average and you correlate that with the 60-minute supply, you can see both of them have rising or actually declining supply going back into 252. What was very, very impressive what the Bulls did today, if you guys remember on the video on the weekend, we talked about the Bulls have to hold on to this 357, 50 level held back-to-back days Thursday and for Friday. Well, we had a nice gap down today and that was one of the reasons why Tesla was able to go down 7-8 points today. I'm pretty confident to say pretty much all this covered close to that 238 level. Great job. Again, all you guys, what I like what the Bulls did, the market gap down, Qs traded all the way down to 355, 90s and then they came back and reclaimed Friday's lows, which were a very, very important thing and they kind of started to bounce here. If you look at the dynamics of the tape today, you really don't see anything that's going to really stand out. Sure, that was pretty impressive that the Bulls reclaimed rising support, but if you look at the action today, pretty stale. They're pretty, pretty stale today. You had the Dow up 40 points, the Nasdaq up 60 points and you had the S&P up 17 points. If you thought the market was slow, Tay, the volume was slow, it was slow. We literally only had one natural pivot, was a pivot on NVIDIA. NVIDIA in the morning, everything else was slow and that was because Tay is the last night of Yom Kippur. It started yesterday, ending tonight at sundown at 6 o'clock, so the reason why that's important, is because a lot of the really big hedge fund managers, a lot of them are Jewish, they're celebrating. Yom Kippur is the day of atonement, so you have a lot of people off today, a lot of big managers off today. You have the David Einhorn's, the Stevie Cones of the world, the Easy Emblem Balance, so you have a lot of big decision makers not there and that's why you saw a lack of range, a lack of volume. They come back tomorrow to work and you also saw a lack of really big production in the options market, very limited amount of big bets being placed and that was because of the holiday, but tomorrow everybody should be back to work and when you look at what the market did today, you can make two cases. The first case was, well, nobody was around to continue to sell this market. Is it really that big of a deal that the market came back and reclaimed Friday's lows? I think it is. I think the scoreboard is the scoreboard. Like I've been saying, from every area, every interval that when we lost the 50-day moving average, the market's just not going to go straight down. We are, don't get it twisted, right? We are below the 50-day moving average and we're barely held on, so I think there could be, in the next day or so, there could be a tradeable dead-cat balance going back to the 5-day moving average of the queues. You can see here the 5-day correlates to the 62-level. This is where we kept on getting rejected. If we do indeed have a balanced spot for tomorrow, the queues might have a shot. It might have a shot to get back to the 262-level. Obviously, we're also prepared to the downside as well. It's very, very important that, again, if you watch this video, it's very, very important that you do prepare yourself on both sides. Well, I'll give you guys some ideas for tomorrow both long and short, but if the queues do sustain a tradeable area, you could see a dead-cat balance going to this 362-level. If that's the case, watch out for the rejection there. That's the most important part. If we do reject, if we go back and we test this 362-level and they get rejected, we're going to turn around and start going lower. Look at the SPYs. You kind of have the same scenario going on. We talked about, over the weekend video, the potential move to 429. Well, I guess we're at the low today. It was right. Today was low. Clay Taze low was 428-72, but technically, that also works. Don't let somebody fill your brain that it doesn't. Stocks just don't stop randomly. We talked about in the video that a SPY should next stop should be 429. That was the low. We talked about in the video that Tesla should have a measurable soft potential landing at 238-240. Guess what? 238 was the low. Technical analysis is not a farce. It's not something that's made up. People will just take random numbers out of the sky. These are real numbers. There's nothing really random about the market. This is why stocks usually stop at areas where they shouldn't. If you embrace technical analysis, it's going to be a much easier way to try to figure out what happens next in price action in your individual name. If you look at the Russell today, again, just continues to be the redhead of Stepchild. No offense to any redheads out there. But again, it's a trailer. The speculation money is just not there yet. It's just not there yet. Before we get substantially bullish, number one, all three indexes have to reclaim this orange line, which is the five-day. That's kind of what we talked about in the Qs, the 362. Before we even talk about potential something more than the dead cat balance, we need to reclaim 362 on the close on the Qs. Again, there's a flip side. Use today's lows as a reaching point, a measuring point for the rest of the week, because if we start building below 356, and we talked about those August 18 lows on the weekend video, and it seems that a lot of stocks, if they don't hold, if the Qs don't hold today's shadows, they will be testing those lows. So let's talk about some ideas for tomorrow. Like I said, today was literally one pivot. After covering the Qs, after covering the test of the last batch, did anybody really need to do anything today? And new market was dead. We only had one pivot here. If you look at the 60-minute view, and this is kind of what we talked about, sneaky channels. If you've watched anything in the PS60 theory, the workshops, the importance of these sneaky, sneaky channels that pretty much nobody looks at. They're not the highs, they're not the lows. It's just this channel that's building, building, building. And when it finally gets above the channel, it usually does give you a nice pop. A nice little pop for us on the video, a couple of bucks. Again, nothing huge. You're not going to get anything huge. Again, the stocks had no real strength. There was nobody around. There was no strength. There was no weakness. There was no fear to go down. There was none reduced to go up. It was just a matter of just kind of take your cash flow and move on for the day. So let's talk about some ideas for tomorrow. Let me give you guys some longs, some shorts, and we'll see what the natural duration of the market could be for tomorrow. Again, let's start off with Tesla. Again, I love the stock. Okay, I don't pick a direction. I let the market kind of decide which way I'm going to look at it. But look at this bottom channel here, right? It's kind of the same thing. So take a look. Do a snapshot, right? Do a snapshot on NVIDIA. You see this whole channel here, right? You see how the bottom of the channel here was playing out this morning. Then finally got above the bottom channel on finally what? Right? So look at Tesla, right? It's a carbon copy. Look at Tesla. You have exactly the same forming. You got this bottom channel forming. And if Tesla could just reclaim back this Bollinger Band, you know, who knows? I think we could get a move. We could get a move back to the 50-day moving average, roughly 252. Let's watch it, right? Again, let's watch it. We have to be prepared on both sides. So let's definitely keep an eye on it. Keep an eye also on this recent IPO, KVYO. The reason why I'm saying that is it's relatively new. It's only five days. Tomorrow will be a full week. As you can see, it's got to rejected last two or three days in the same channel here above. If KVYO starts building above this channel, who knows? This thing wakes up here. Let me give you guys some short ideas as well. Look at crowd, right? Look at crowd. Crowd is holding onto this linear regression line for dear life. It's held now four times. Four times in the same area. Keep an eye on crowd. This thing starts losing its linear regression line. It could get hit. Look at Oracle, right? Oracle, if you guys remember, had bad earnings, attempted a debt cab balance. Guys, look how close this thing is to reaching or at least touching its earnings lows. One to watch, definitely one to watch for tomorrow and a name like NET, right? Watch NET for the next couple of days. Again, it's building a base here. It can't reclaim the five-day moving average. Watch the bottom channel here. If this thing starts finally confirming this whole bottom channel that started again August the 18th, right? This thing could start getting hit as well. So we're prepared, right? We're prepared from the long side to the short side. Do I think tomorrow is going to be a premium session? No, but you only need one. You only need one, right? You only need one. And when you have stocks that potentially could always give you four, five, six points, like what other trades do you possibly want that's going to pacify your ego, right? So you only need one. You don't know, right? You only need one. So if we could get a debt cab balance tomorrow, I'll watch Tesla. I'll watch the video. Maybe we get a second move as well. But the key is, guys, take every day, one day at a time. There is no pressure to trade. Nobody needs to feel like they're missing out on something. You know what I'm missing out on? What did you possibly miss out today? Right? If you didn't come in short Tesla, what did you possibly miss out on today? Right? That's still a point. Not every single day, you're going to be sitting there and trying to reinvent the wheel. Take what the market gives you. Don't stress. Don't rush. Stay patient. Take a deep breath at the open. Let your game plan kind of provide the data to what you're doing for the day. If your game plan is saying, hey, you know what? Tomorrow is less than premium. Maybe tomorrow is not the greatest day for you specifically for your account size, for your experience level to maybe go all in, right? We'll save your chips for the premium days. I think we could get some value tomorrow for sure. But I don't think this as well as we have aces. Let's wait for them to confirm. But you never know. That's why we play the game. Guys, have a great day. God bless. Happy Monday. And I'll see you all tomorrow. Take care.