 And for all you guys who don't know, all these squiggly lines and a lot of new traders who don't know anything about the PS60 theory, they keep asking, well, what's with all these crazy little lines? These crazy little lines that people think are crazy? They're actually not. They all demonstrate supply zones. This is the area where emotional buyers will get rejected. 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 evening, everybody. Welcome to another edition of the AccessaTrader.com nightly wrap-up show. Hope everybody's doing well. Crazy market, right? So let's back up to yesterday. Yesterday, very, very big, aggressive move down, okay? Today, I was setting up, we talked about last night's video. I thought today was gonna be an incredible, incredible, really big premium day. We talked about last night, Amazon stopping right on daily support, Netflix stopping on daily support, on and on and on, right? There was a whole slew of beta names, and I woke up, I had a great plan for today's session, and then you looked at the pre-market futures, and they weren't down a lot. They really were not, and you sat there and you said yourself, all right, let me see what's going on here. Literally every single beta stock today just got absolutely murdered pre-market. And again, we weren't talking about like Amazon down 10, Netflix down three, right? We were talking about an incredible amount of aggression this morning. Matter of fact, when you look at what the cues did, and this is kind of a five-minute view on the cues, you had it from the closing price of yesterday to the bottom of today's push at the open. You had an $11 point, you had an $11 gap down on the cues. That's tremendous, just absolutely tremendous. And what basically happened was it in the process took out 100% of my game plan, like literally 100% of my game plan was set on fire. I was hoping for a flat open today or a gap up open today. And unfortunately, the one thing we do not have control is what happens in the overnight cash session. And the market got absolutely annihilated this morning. It was horrific. Every level that we talked about for the last several days, right? We talked about this 19 level, we talked about the 17 level. The only level that didn't get violated is this whole macro channel that we talked about around the 305 level. It literally lost everything, 19. It lost the 50-day moving average going all the way down to 11. And the one thing that you have to do when you have a game plan and you have it on paper, you're already mentally prepared for what you need to see happen. And what doesn't happen, you can't panic. And that's the most important thing. You cannot panic, you cannot go to plan B right away. You need to see how things kind of play out here. And normally what we talk about is if you have a gap down market, a very, very aggressive gap down market, usually the value is going to be to the upside, okay? Usually. However, if a lot of stocks do not gap down very, very aggressively, you could still salvage some things potentially still to the downside. And if you look at the pivots today, there was some pretty aggressive pivots, but more important, and I think this is the most important part of kind of tonight's video, and really does echo how really aggressive this bull market has been over the last four and a half years. The ability for the bulls not only to shake off some of the losses that they had this morning, but they did a phenomenal job, an absolute rockstar job of reclaiming not only this lower Bollinger ban. I think reclaiming the lower Bollinger ban of 316 would have been a huge victory. And it would have been still $3 out of the way for the market to kind of reclaim for higher prices to get to wake up. But not only did the bulls reclaim that lower Bollinger ban, it reclaimed that 50 day moving average as well at 319 and pushed right into the close. And you have to give your hat off to the bulls. They did a fantastic job. If you're a perma bear for the last four and a half years, you really at some point have to turn around and say, what the heck do I have to do to get a continuation from more than one day? It's just the most amazing part. And a lot of the perma bears, where they are into kind of a view of where the market is, a lot of them, you know, you can have this big massive move in 24 hours. A lot of people have really been fighting the market for such a long time that all it did for the last 24 hours was kind of get them back in the game. And once you had that rally back, was just absolutely astounding how strong the bull market continues to be. And, you know, if you look at one of the biggest victims just over the last several days has been Tesla, right? And we had some pivots in Tesla today, one off that pre-market level, one in the middle of the day, a lunchtime move as well. Kathy Wood came out, you know, again, she's been the rock star on Tesla. She's been in this thing for years and years and everybody talked about, when she talked about a $4,000 price target, everybody laughed at her. That's why there's only one Kathy Wood. And she came out and basically said, I think an interview was with Bloomberg and she said she was buying a lot of Tesla today. And that's great. And then this is the ax in the stock and Tesla really did very, very well, not only closing near the high of the day, but if you look at the after hours high, it's just really taking out, it took out today's high as well, but another 15, 17 points or so. But again, when you look at the massive move that Tesla had just in the last week or so, went from 800 all the way down to 618, it's just amazing. And you hear people talk about on social media, the way they talking about it, like Tesla went down 10 cents. I mean, guys, I don't know how many, how many shares some of you guys are trading, but a 250 point move in a week and a half, that's kind of a lot. I get it. You know, you love it, but that's kind of a lot. Here's the downside, right? Here's definitely the downside of where we are. Everything that happened, happened. The bulls got hurt in the last couple of days. The bears obviously, if you short it in the hole, we always talk about the live webinar, do not short in the hole. So if Amazon is on your watch list, and again, here's last night's watch list, just to give you an idea, just to kind of give you an idea of where I liked those prices yesterday and where they opened. So I was looking at Amazon at 3170 short. This thing was $60 below where I wanted it short. Neo this morning was like at 44. I mean, they didn't even give you an opportunity on the short side. GRTS was a $14 stock, went to 12, right? Netflix pre-market was at 522. I mean, snow went down to like 255. Etsy went down, it was like 201. So my, literally my whole watch list today just got blown up. Space, even space. You say to yourself a $46 stock, right? Future's only down, it was like 80 handles on the down. How much could possibly do it down? This thing was 44 off for pre-market. So literally the whole watch list got absolutely destroyed and you have a choice when you are trading. You have that choice. You could either chase price action, which is never a good thing. Cause again, you're chasing continuation. You're not chasing, excuse me, you're not trading the pivot or you kind of wait or kind of move to the side. And we started watching some of these names and they did get hit. And the next thing you know, the market started getting stronger and Netflix confirmed aggressively. Amazon confirmed back to the upside aggressively. And it really is setting up into a kind of a weird day for tomorrow. Here's the good news. Let me tell you the bad news, right? That's the good news. The bulls reclaimed the 50 day. That's the good news. Here's the bad news. Again, we always speak with the point of devil's advocate. We always want everybody to know where the potential problems lie. There's no such thing as putting on the rose-colored glasses and say, all right, Q's held. That's the low of the market. That's it. This is the generational low back to the high. It doesn't work that way. So the good news, yes, we reclaimed the 50 day moving average. Here's the bad news. When you look at all the mega cap names in the Q's, you're gonna notice something very, very, very obvious. Here's the 60 minute channels, right? And for all you guys who don't know, all these squiggly lines of a lot of new traders who don't know anything about the PS60 theory, they keep asking, well, what's with all these crazy little lines? These crazy little lines that people think are crazy? They're actually not. They all demonstrate supply zones. This is the area where emotional buyers will get rejected over and over again. So although Amazon did a great job today and reclaiming, we'll get into the pivots in a second, reclaiming 3180 and put up a $25 candle, it's all great. But look at all the trees in the forest. You see them? You see what the problem is, guys? All these numbers, all these little lines represent rejection areas. If you look, for example, like a Facebook, right? Same thing. You have a lot of supply until it starts reclaiming 268, 269, that's gonna be a lot of problems getting above that. Look at Apple, same thing, right? Look at all the supplies, although Apple did a great job and reclaimed the 124.50 level and traded right back to the supply. Look at every single time it hits supply, what happens? So look at all these trees in the forest that we have to go through. The challenge for tomorrow's session is and a lot of traders are gonna see this whole thing called CHOP, right? Because again, we're still looking at really condensed channels. It's going to be very, very tough for you to find a lot of clean plays. Are there some clean plays? Yes, there are, absolutely. Tesla, you know, I'm assuming between this channel here and this channel here, there's a lot of upside. When you look at Zoom, for example, right? You can see at least a clean channel to the next supply. When you look at Netflix, for example, right? You can see up here, if it can just take out this whole channel here, then it has a lot of room to run. But the biggest problem is tomorrow, even if we get a dead cab bounce, again, that's a big if, but on the surface, at least we like what we're seeing, at least from today's closed, the biggest problem you're going to run into for tomorrow's session is finding those names that at least have room to go from supply to supply. So tomorrow's session, you shouldn't think home run. Tomorrow's session, you should be thinking hit and run. Scalp, cashflow, whatever the case may be, right? Quick cashflow trades because a lot of these ranges are not going to be a 10, $15, $20 channel. A lot of these ranges might be a $2 channel, might be a $3 channel, might be a $1 channel. It all depends on what you're looking for, what you can find in terms of value. So for tomorrow's session, there's a time and a place to get very, very aggressive and there's a time and a place to understand, hey, we're still under supply. We did a great job today as the bulls, right? We did bulls, did a fantastic job today, reclaiming macro levels, but now they're going to need a couple of days to kind of go sideways and up, sideways and up, sideways and up to really start taking control. And if you look at where the next necessary area of interest is, the bulls really need to get above the 325 baby steps. They're not going to go from 325 to the five day supply of 328, the shortest macro supply, so they have to go baby steps. So is it possible you get a very, very quote unquote choppy session tomorrow? Of course it is. That's the whole point of understanding supply zones. That's the whole point of understanding emotional buyers meaning technical sellers. And what we did today as a market, right? What we did today as market participants, you have to feel good of the whole bull thesis, but from the day to day, you have to be very, very careful and understand that number one, supply zones are real. Number two, they're all in front of you, but if you don't trade with a lot of quote unquote silly little lines, then you don't know where the bodies are buried. You don't know where the grenades possibly can explode on your feet. So for all you guys who don't trade in the 60 minute channels, switch over, right? Switch over just to see what I'm talking about. Look at the 60 minute interval, start incorporating a lot of these moving average, moving average, and I use a lot of them. I really do, and here's all of them. You can see all of them here. I use Bollinger bands. I use linear regression lines. The five, the 10, the 20, the 50, the 100, 150 day moving average. I know it's a lot of stuff. I know a lot of crazy lines. A lot of people say, whoa, it's too much. Yeah, yeah, too much, right? If I needed more, if I could possibly get more, I'd get more. So again, that's not gonna work for everybody, but this has been kind of giving us a guide of where the next measure potential is, and technical analysis is pretty specific. So if you don't have a supply zone in front of you that you can't really identify, well, then there's a reason sometimes stocks stop on random sessions, but if you really look at it, random sessions are really not too random. So again, just kind of a little tip for those who don't use them just to maybe incorporate them to see exactly what I'm talking about. So let's talk about today's session. Again, crazy session, man. Again, people love the word volatility. I don't love the word volatility. I like the stocks. I trade the stocks with the highest beta, which basically means the biggest average range, but I don't like volatility. I don't like when Amazon has a 150 point reversal or two, it sounds good on paper, but if you look at it, most of the moves are taking place on one candle. So you're constantly putting yourself in a position that you're chasing the same move and the last thing you wanna do. So the word volatility is not a really good word, right? Things are all good until things get volatile. And a volatile market for me, I like boring, I like predictable, I like lethargic, and these 150 point moves within two channels. Ooh, very, very scary. So that's kind of what we talked about this morning. Most of our stocks are way below our pivots from last night. I'm gonna start looking at the next channel of interest, and I'll start putting in more levels. So here's the first pivot of the day. And I know a lot of you guys have problems, disseminating quotes. There's a lot of latency this morning. 257, 20, 257, if it builds below can flush. Macro is 250, 480. And Facebook had a nice move there. It went down like two and change, but you could see where it stopped perfectly, right? And here's the whole point. Here's the 257, went down like two and change and held this really now becomes a triple bottom for later use, but nice move there. GRTS, there was nothing you could do there. It opened up at 1395, but it was so spready. They took this thing down to 12. LI got killed, 26, 30, 26, if it builds below can flush more. Here was LI, right? So here's the 26, 30. Where is it? 26, 30, right here, right? So here's the 26, 30. It took that out, went all the way down to 23. Again, stocks were really getting hit pretty aggressively. LI was obviously getting hit here. For experienced traders only, new traders I said, leave the room. 670 held three times, if it builds below can flush more, it got destroyed. Tesla got absolutely destroyed. I know a lot of you guys were holding this thing overnight. So here was the 670, right here. You see this three candles here, 670. It took out 670 and just got murdered. Went all the way down to 619, just a crazy move on Tesla. Taken the way down, obviously destroyed. Verisign, and here I got bored of this trade and I covered it right before this thing got hit. This is sometimes when I say, when you try to trade stocks that you know their tendencies, this thing was just too thin. 190, 50, 190 if it builds below can flush. I just got bored of it. I really did. I got bored of it and I got out. And next thing you know, this thing just got murdered went down to 87, more on. Anyway, that's that. And then we started seeing the market, obviously firm up here. And you could see the levels start to build. Netflix 534, 50, 535 needs to build. Here was Netflix, right? Here's the channel on Netflix that we talked about the 534, 50, 535. It took that out, had a big, big move here, traded all the way up to the 548s. And again, I'm watching this channel here. If the market can continue, it's debt-cad bounce. You could get another move there. So nice move on Netflix. Amazon 3182, 3183 needs to build. Here was Amazon, right? So here's the 3182, 3183. You know, put up a $20, $22 move on Amazon as well. Again, it's going to be a little bit of a challenge for tomorrow. And here was a pivot right before lunchtime. 675 has held the bottom of the 60-minute channel for bills below can flush. And here's a quick trade for all you guys for lunchtime. Here's the five-minute view of that 670 level. You call it where is it? 60-minute view. Yeah, right here. You see the 670, 675? It took out the 675 and traded down all the way to 668 and obviously a big reversal there. So crazy action in the markets. This is a market not for children, man. This is not to throw it against the wall and hope it sticks to the YOLO market. This is a very thought-out, methodical way. And I continue to stress the importance of being an adult. I don't care if you're 15 years old, 55 years old, or 105 years old. If you don't treat your money with care, but with responsibility, right? With loving nature, believe me, somebody else will. Guys, stay safe, God bless you all. I love you and I'll see you all tomorrow.