 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 AccessToTrader.com nightly wrap up show. Hope everybody is doing well. Hope everybody had a great day of trading. Some awesome action. Again, we'll get to that in a second. If you are brand new to the channel and you're joining us here for the very first time, welcome aboard. I encourage you to subscribe, like, share, anybody who you believe can benefit from unbiased technical analysis. Not about being right. Again, we're wrong a lot. It's just taking in the data. We'll get to everything that we talked about last night in the video. Taking in the data and waiting for it to confirm. Nothing more, nothing less as far as the day-to-day basis. That's all it is. We're trying to figure out what's going to happen the next day based on the data that we got the night before. So let's talk about it, right? Let's talk about it. So a few things happen today. Obviously, FOMC was, I don't want to use the word a crucial point of the day, but it was definitely on watch. Data really didn't say anything. They talked about a lingering inflation. That's not really anything earth-shattering. We've been hearing about lingering effects of this inflation for a while. I don't think anybody expected rates to drop to zero by these minutes. So I don't think that was anything that was earth-shattering. What I do believe that was most important is what happened three days ago, right? Three days ago, if you guys remember, we lost the 50-day moving average on the Qs. And again, if you are brand new to trading, the 50-day moving average is very important. When we lost the 50-day moving average in 2022, it resulted in a 31% decline in the Nasdaq 100, about 20%, or 20%, whatever it was, 20% on the SPX. So we lost the 50-day moving average. Only we had this weird day. The next day, if you guys remember, we reclaimed it. For whatever reason, we reclaimed it. It was a monster rally and we reclaimed it. And the following day, which was yesterday, we gave it all back. And based on yesterday's close, if you watched last night's video, I said I would have been stunned. Absolutely stunned if we rally today and got back to 50-day. Obviously, it was on the table. It was possible, but I would have been stunned. And today, we basically got rewarded from our research. We got rewarded from understanding the basis of the reason why technical analysis is so valuable when it all comes down to it, guys. It's not about some Twitter trader you look up to and revere and some guy and asking people's opinions. It's all in the charts, folks. It's all in the charts. Sometimes, like I say, sometimes the charts won't tell you the truth, but they're not going to lie to you either. There might be some bumps and bruises along the way, but generally, you're getting a pretty vivid view of what's about to happen next. And if you refuse to believe that technical analysis is real, well, hopefully you did prepare for what happens next. And as you saw, stocks trade from supply to supply, demand to demand. We lost a 20-day moving average. Again, if you've been following this broadcast just in the last three weeks, you kind of know what's going on, right? We lost a 20-day. We traded to 50. We lost a 50-day. And now this is day three out of four below the 50-day moving average. The only difference is we confirmed the 100-day moving average as well. And if you guys remember last night's video, I gave you guys two pivots, right? I gave you two macro pivots. We talked about last night's video. Let's go back to last night's video. We talked about Q stopped at 364.70 twice. They held it twice. Today they took it down and they took it down. We talked about the spies yesterday, right? We talked about the spies first close below the 50-day moving average. We talked about the importance of the 442 level. Well, that 442 has gone as well. And now you have your first close on the spies below the 100-day, the 50-day. And now you can see how much room you have down in the same thing with the QQQs. Now keep this in mind. The first thing somebody's going to turn around and say, well, the market can't go down. Absolutely right. The market will not go down every single day. This was a pretty hefty decline today. If you were prepared for it, like you should have been, then you are okay. I think you're okay. I think you are in a right position to succeed and position yourself for tomorrow's session. But if you're sitting there, if you're absolutely sitting there and you have those visors on that we talked about three days ago when they initially lost the 50-day moving average and you're in denial and you're going to be buying dips, again, all you have to do is revert to what happened in 2022 when people did not understand the importance of the 50-day moving average. And we've been kind of driving the plane home now for the last three days, the importance of getting back above. And it's a very important cheat sheet. Right? And write this down, guys. It's a very important cheat sheet. Anything above the 50-day moving average is bullish. So basically any dip into rising support you want to buy. When it's below the 50-day moving average, it's a sell signal. So every rally will get stuffed into supply. That's just the ramifications. Every rally you want to sell or short into supply. And if you see what's been happening here in the last three days on the cues, even despite this one big rally here into the 50-day moving average, now we've put in three days in a row of lower highs and lower lows, and now we are below the 100-day moving average. So again, look, is the market going to go down tomorrow? 10,000 percent? Who knows, right? That's where the sell signal is, right? But again, is it possible we rally? Again, that's what we had in 2022. You would have two, three, four days of selling, then you have a snapback rally, and those days are kind of meaningless, kind of a non-event because they're reverse trend rallies. Nobody cares about those. Those dead-cat balances sometimes go for 50 cents, sometimes they go for 10 cents, sometimes they don't go at all. So those days you kind of want to avoid. But when they start confirming the next day, the previous days low from the previous day, that's when you're getting the biggest washes. And when you go through your charts tonight, you're going to see a lot of names that we've talked about and covered, and we have pivots left and right today all across the board. You can see the importance of when they fail those levels, why they fail those levels, and now the continuation of those levels are going to be important. So very, very important, guys, just a quick cheat sheet, especially if you are brand new to trading above the 50-day, like we had ever since, up to three days ago, has been bullish. Below the 50-day, what we saw in 2022, is bearish where you want to start getting long again, as if we reclaim the high from two days ago of roughly 371 of the queues. Before that, everything else is just going to be a dead-cat balance. And again, like I've said all the time, I don't believe in the theory of one stock is standing out, right? I believe in the theory 10,000 stocks are not. And you want to go with the mass, and you want to go with the whole, not some of the parts, and that's the way I think it's the most conducive and feasible way to conduct yourself in a sell-side environment. You know, how long this is going to take? I don't know, right? We don't know. We can't speculate. Again, we're trying to survive the day. We're trying to take advantage of the price action for the next day. And beyond that is anybody's guess. Is it possible the NASDAQ goes down one day, then it has this giant engulfing candle and rallies back and takes down four days worth of selling and reclaims the 50-day moving habit? Sure, we actually saw that two days ago, which was amazing only to give it back. Is it possible it lingers for the rest of the year and we're having this whole conversation and this whole gap fill all the way down to 350 on the Qs? That's on the table as well. So you really have to understand where you are in the dynamics. There are no breakouts below supply, guys. I'm telling you this right now. The strongest stocks in the world will get faded. In the video today, it's been the strongest stock for the last three, four days. It just couldn't last. It couldn't sit there and fight through the waves of selling. Eventually, the buyers get tired and they go away. So it's very, very important to kind of trade from both sides of the market, have a game plan, have an understanding where we are, right? Where we are, where we're not. Again, we're not in a buy-the-dip environment. We are to sell into supply environment and trading into ranges below the previous days range. And just a quick reminder just before we continue for tonight's video, if you are curious, right? And again, a lot of you guys have been loyal members of the YouTube channel. If you guys are finally ready, you know, check out the webinar, man. Check out the webinar. That's where the whole PS60 theory goes down. Everything is in front of you. We teach you exactly how these pivots work. There's nothing ambiguous about these and that these very specific levels. And most important part is the way they flow in real time. And you get a sense of how to trade both sides of the market. So if you are interested, like we talked about two days ago, we are running a very, very great offer. It's like 47 bucks for the month. Come in, kick the tire, see if it's right for you. Again, like I said, is it for everybody? I don't think it's for everybody, right? I just don't. But if you are, you know, if you are a sensible trader with patience and a decent size of understanding how the moving parts of the market work, I think you'll like it. The stale goes on till tomorrow. So if you want to join us, you know, again, you have two days to kick the tires and spend the next 30 days to see if this is a right fit for you. So let's talk about the pivots, right? Again, great, great day. Awesome, awesome day today. Yesterday we talked about Tesla. Remember we talked about Tesla guys? We talked about Tesla yesterday. We came in, came in short the stock yesterday. Here is the, here is the deciding factor here. Yesterday it got rejected perfectly off the 23420s, although it wasn't a major area for potential overnight. As we talked about in last night's video, it felt like somebody knew something. Remember we talked about that in the last night's video? It felt like we, somebody knew something. They were coming for the 230 calls, the 230 puts, the 225 weeklies, the 220 weeklies. We hedged that with some cues, only 30% of the cues. Tesla opened down $2 this morning. Cues were up $1.30 pre-market. Once in a while you hit on both sides and that's exactly what happened. And again, the old ad, if someone knows something, yes, somebody does know something. You know, this was the second price cut of Tesla in the last two out of the last three days and the stock got hit. Congratulations to all you guys who took it overnight. Really, really great moves. And again, here's our, you know, here's our old point here. You know, we woke up, I was up at 4 o'clock in the morning. I saw this thing started caving in and it was awesome. You know, like I said, guys, you know, when it got down to 27, guys, get down to like 10, 15% of your position. Just an absolutely amazing, amazing move. Again, follow the money, follow the option flow and it paid off really, really well. Let's talk about some other things, right? Apple 17650 didn't confirm yet. I really like Apple for tomorrow. Let's watch this Apple. If the market continues this weakness, look at this range here, guys. It's very, very close. If Apple can start building below this range, you know, it could get hit. So let's keep an eye, definitely, definitely keep an eye on Apple, but not confirmed today. Spies, where were we talking about spies in last night's video? We gave both prices on spies, on spies in the Qs. 442, if it builds below can flush. Here was the spies. They built below and once the Fed Minutes were over, you know, they traded all the way down to 439. Coin obviously didn't confirm to the upside. Roblox, I'm still watching. It did not confirm yet, okay? There was two stocks I gave you yesterday for you guys to watch for the earnings lowest plays. Roblox is very close, okay? Roblox is very, very close. It's like the same play as Snapchat. Remember Snapchat? It's been short this thing for three days, just an orderly, just an orderly sell-off here. I'm hoping you can see this Bollinger Band here in the 880s, but it's the same thing. Once they start losing the bottom channel, their earnings low as they start to get hit. So look at RBLX. Watch this RBLX for tomorrow. This thing looks like it's almost ready to go, right? Almost ready to go. Here we go. Here was the other one, right? DoCN, I started to position this thing today. We shorted off this thing off this 34-30 level. That's the earnings lows. The same thing we talked about last night in the video. That's actually one of the stocks we talked about last night in the video. This is the lowest close in this whole formation. Again, another example of the earnings lows. If it starts building below today's channel, who knows? Maybe we could get a two, three, four-day decline. It would be really, really nice, but so far, a really nice move. So far, about a 75-cent move there. QQQs, again, we talked about this last night. 364.70 held twice. If it builds below, it can flush. Here's the QQQs. They took down this whole level. I traded all the way down to 362. Again, just great, great moves. Netflix, if it builds below 418, it could flush. Again, there's nothing cloak and dagger, guys. These are the prices. Nobody's trying to trick you. The market's not trying to trick you. So, oh, excuse me. This is Netflix. We'll get the meta in a second. So, here was Netflix. Tipped down to 18, and now it's on deck to challenge the July macro lows. About a three-point move there on Netflix. Meta, 298 held twice. If it builds below, it can flush. Here was Meta, right? Tipped down to 298, traded all the way down to 294, and now Meta, again, is sitting just like a lot of stocks, or sitting on the 50-day moving average. Again, if Meta starts confirming the 50-day, it could get hit as well. And, yeah, we were looking for a potential reversal in Tesla, which never came. Take on the way down. Take on the way down. Blah, blah, blah, blah, blah. That's it. That's it, guys. So, awesome session. Again, people always say, there's an old adage out there. Luck resides with those who are prepared. And every single day, when lose a draw, and there's a losses, there's winners, there's flat days, there's distribution days, there's tired days, there's nothing going on days, there's violent days. That's all we have as traders. You mix it up, you put it in a blender, and that is your trading career. Other than that, everything else is Fantasy Island, social media, all that nonsense. But it's all in the charts, guys. It doesn't make a difference if you're trading for 30 years, 30 months, or 30 days. All the information is right there in front of your charts, and everybody's on a level platform. Guys, have a great night. Have a blessed night for all you guys who are deciding to join us. Can't wait to meet you guys. Can't wait to meet the new faces, and we'll look forward to working with you in the future. Guys, God bless. Have a great night. There is no video tomorrow. It's my normal Thursday night off, and I'll see you guys on the field. Take care.