 Good afternoon everyone and welcome. My name is Melissa Arma with the stocks wash. I'm here today to review the market Let's look and see what the SMP did today Whoo, we actually Really did it today and even I am surprised not that we did it. I'm not surprised that we did it No, no, no, no, no, I'm surprised that we did it today Because of the fact that we have been struggling so much To get up over this number. We are actually positive on the year after the close today We are gonna have a bullish week next week in the market Yes, we are We absolutely are look at this right in here. Do you see this? We're up at this level So I don't know where we open on Monday morning as far as where we got But we are actually positive for the first time this year in the SMP and that is gonna mean Buying is gonna come into the market. So the high of this day over here, which was January 5th. Look at it 20190 we closed above it And I just look at one other number here This is an amazing chart so I'm in SMP options long-term out this year later this year two different ones and Now we are finally gonna see some action in these this week Amazing a lot of people thought the market was gonna drop and there are still some people that are calling this rally a Bear market rally. It is not a bear market rally. Now. Let me explain why first of all, this was a turnaround day for the market It was a gap up It was a bullish gap up that happened here on this day on March 1st, and it was a turnaround day for the market I don't like to predict highs and lows, but I'm telling you I don't think we see a break of this Anytime soon. So this was a good buy point for the market It was a buy point for the market if you look at the low was 19445 and the high was 19821 was a nice big fact green day for the market We also get over the resistance on this day We also have rallied up and held when we came in we even held it and continued This was a turnaround day for the market, and I knew it I knew when I get up in the morning and saw the gap I said this is it and it really was it and now here we are above the 200 per moving average so what I'm trying to say is that This is not a bear market rally How do I know by reading the gaps? I did not have expectations when I get up this morning that this got necessarily was going to hold today Because we were struggling and struggling and struggling and struggling and I actually wanted us to gap up further To get going I wanted us to get up here and then run that I felt with solid So we didn't make it quite there on the open today of the gap Well, we did get up we closed here and got up and then we took a long long time to get going today And we finally did it, but I will tell you this is not a bear market rally How do I know from reading the gaps? This is real buying number one. It's having follow-through Okay, a bear market rally is short covering or a tiny bit of the buyers You don't have tiny tiny buyers making gap ups on these so many days in here You also don't have tiny bars making a bar like this You also do not have tiny buyers Pushing over the resistance because it takes real money to push Over the resistance here. The resistance is the shorts that are holding the market down Which we have pushed above and we pushed above the resistance for the high of the year So this is real money buying the market. In fact, it's so strong that it is it is doing it very What's the word? methodically It's doing it methodically So people that think this is a bear market rally are incorrect This is real money coming in and buying the market and it's gonna soon explode Because more people gonna buy in and then you're gonna get the short squeeze because people still think we're in a downtrend Or that again, this is a bearish market, which it isn't great call here I made for the market We will make a brand new all-time high this year and I have a hundred percent conviction that happens We'll see where we go after that all that matters is the fact that we never broke the downtrend We are still in an uptrend. We are definitely in an uptrend We just made an all-time high for the calendar year this year. It's only March 11th We got plenty of time left to do lots and lots and lots of things like break the high and run run run If you'd like to learn how to read gaps in the market Which is how I'm able to predict that even after all this drop-off and all this drop-off and all of this and even The day this bullish gap here and the one here from today that we would follow through if you would like to learn how To predict moves in stocks or the market email me at Melissa at the stocks wish calm The next golden gap class is March 20th and 21st, which is Sunday and Monday. Thanks everyone and have a great night