 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, giving everybody welcome to another edition of the access to trader com nightly wrap up show. Hope everybody had a good day. Very, very aggressive action. We'll talk about the individual pivots in a few minutes. You kind of saw brewing. Okay. Yesterday we saw a tremendous disconnect. The Dow was up at 1.6 700 points on the soft opening. I believe this is a June 15 date that all again non essential businesses were going to start to open up their doors and kind of salvage of what they lost over the last couple of months. So you started seeing really, really big macro moves yesterday and airlines continuation and airlines and casinos in cruise ships, right? Anything Disney anything to do with leisure restaurants anything to do with opening up their doors and kind of, you know, letting in right letting in letting in the money. I think I think it's the best way of saying it but the one thing that caught our eye yesterday and we talked about this last night and yesterday was some really good value. Everything was to the downside. All the value yesterday was to the downside and we continued to see this and again it all started so innocently. If you guys remember it all started with Netflix, right? Couple of days ago, the first high flyer, one of the prime prime candidates of the whole stay at home movement that really benefited, right? And you started seeing kind of a buyer strike somewhere around this area here into the upper Bollinger man and it all started very innocently once it lost the five day moving average. Again, going back to all these videos guys, if you've never, especially if you're new traders, if you're if you're still very, very early into your whole journey of trading, start with the five day. Just trust me on this. If you if you never listen to anything that I ever say ever again, as far as technical analysis goes, start with the five day moving average. I guarantee you it will give you the cleanest view a short term sentiment you're going to find. And if you go through a whole bunch of videos, you know, you'll hear me talk about a nonstop. Again, it's again, it's another conversation for another day, but it started so innocently with Netflix. It lost the five day moving average at four fifth and you can start seeing every single day weakness, weakness, more weakness, no matter what the market was doing. Again, buyers were tapping out. They were tired. There was an energy strike in Netflix. And then you started seeing the same thing with Amazon, right? Huge run and again, another major benefit or of the whole stay in movement. Again, Amazon is Amazon, no matter what happens in the world, if Corona didn't exist, if anything, if the world if measles 2.0 comes into Amazon will still be Amazon. So the idea that Amazon was also kind of a major recipient of business. Okay, you can make that case. So you started seeing the same thing with Amazon. And again, here is the five day moving average and again, same thing with Netflix. It slowly but surely started building under and again, nobody noticed it, right? Nobody noticed it. It was all good. It was just a small little back test. It's all good. Buy the dip, buy the dip, buy the dip. And then it started snowballing, right? It started snowballing with ZM. It started snowballing with BYND, right? BYND, Apple, we talked about this yesterday, right? Little by little, the video we started talking about in the video is again, one day away, one day away. And if you didn't pay attention to what the market was screaming at you yesterday, okay? And again, if you're trading, if you're in airlines and if you're in hotels and everything and you didn't even know this was going on, this is not your thing. That's fine. Then this conversation has nothing to do with you. But if you do trade these high flying technology names, high beta names, the biggest average shoe range recipients in the whole market, right? If you trade these stocks and you completely avoided the signs, not just yesterday, okay? Yesterday I think was an extreme sign. I mean, the loudest I've seen these beta names scream at us, okay? At full tilt, like literally scream at us telling us, hey, there's something wrong, there's something wrong. We're underneath the first area of support. If we get confirmed, we're going to go lower. And yesterday was some really good value. And we talked about this in last night's video. Yesterday was the first time, I can honestly say, and I said this on the video last night, that I was 100% sell buys. I don't think I've ever said that, probably doing any of these updates, but I was 100% sell buys. And you could see there was no participation in any rally. A lot of these names are closing at the lows. They kept on getting rejected into supply over and over and over again. And I said to myself, the only thing that can really derail a lot of value going to today if we gap down. So when we gapped up this morning and we were up 350 points, and again, the Dow is doing a phenomenal job. Again, it doesn't really take a lot for these Dow components to put up a 3, 4, 500 point move. Again, there's only 30 of them, so it really doesn't take a lot. It's more water cooler talk than anything else. So when everything gapped up today and we were up 350 points, that was the cleanest way of capturing confirmation for today's session. You saw Amazon gap up 12. And I said to myself, okay, that's perfect. Again, it wasn't like a 30, 40 point gap up. It was 12, right? You saw Netflix gap up like a dollar. BYND gapped up like a dollar. There was nothing. There was absolutely no juice with a 350 point rally gap up. And the only thing we needed to do, and I tweeted this morning right before the open, and I said to myself, look, I'm not anticipating. The easiest way to get absolutely destroyed in any market is to anticipate something happening. Again, you're guessing. You're gambling. You're forecasting. These are incredibly bad no-nos that if you do that more often than not, you're going to blow out your account. So I said patiently, look, we're going to wait for these areas to patiently confirm. I'm literally 100% sell bias tape. The only one that I liked on the upside was Boeing, just because of all the call buying. I never got there. And I said, well, it's just a matter of time. If these things confirm, they're going to get hit. Now, again, nobody in their right mind was thinking we were going to have candles like we saw today. I thought the normal thing, maybe $10, $12 on Amazon, maybe $3, $4 on Netflix. Right? Because again, you're trading based on technical analysis. You're trading based on stocks going from supply to supply in the upside and demand to demand to the outside. So again, you cannot step up to that and try to hit a five-run home run. I've discussed this in nausea so many times. Again, five-run home runs don't exist unless you're trading the stock market. And today was one of the most aggressive sell-offs I could remember in a very, very long time. And this is a perfect example of how having familiarity with the stocks that you want to trade every single day. So again, we weren't watching a million different stocks. It's the same names over and over again. If you've been watching this broadcast, it's literally the same pivots, whether they're long, short. Again, this is our specialty. Again, not because the PS60 theory is restricted to beta. You can literally trade pivots on anything, $2 stocks, $20 stocks, whatever you want. This is just my drug of choice because again, these guys are giving us the greatest average true range. And when these confirm and they confirm aggressively, unbelievable things happen. And if you look at the cues today, just to kind of see exactly what happened, if you look at the cues today and see exactly what happened at the open. So we gapped up, gapped up, hit supply perfectly. And for the next three and a half hours, the first three and a half hours of the day, just absolute destruction. I mean, it looked like a flash crash was about to happen. A lot of these names did flash crash. They literally did. And the only one that I left off, I think I literally put almost every single one of them on the Twitter feed. But it didn't make a difference. You weren't looking for another one. The one that you were in, that was the one. So Tesla today, Amazon, Tesla, Nvidia, Netflix, they were just going one by one by one. And again, when you see the mirror image of this and exactly what happened to the beta names, it turned out to be again, one of the more aggressive sessions, especially the first two, three candles, that I thought, hell, I thought there was a shot the way they were going down. I thought there was a shot that the NASDAQ 100 could go down 300 points, let alone 150. And the most amazing part what happened next, and this is where you really have to take your hat off to the bulls. There was a tremendous V-shape recovery. And now it's setting up for tomorrow. Again, you don't need to be creative, guys. Every stock is literally putting in a hammer. We'll get to the technical side of it. But let's talk about the pivots here. This is the only one that didn't trigger here. Boeing 149, 75, 150. I still like this for tomorrow. So let's go. Let's start it. So 2404, Amazon, if it builds below. I thought the first move to get to 2390, right? 2404, if it builds below, could go to 2390. Yeah, it didn't quite stop at 2390. So here was 2390, right? So here was 2390 here. And it kind of forgot that there was support and it went all the way down to 2330, just absolute destruction. NVIDIA, 345 if it builds below can flush more. Again, nobody was thinking 12, 20, 30. Nobody was thinking this, okay? 3, $4, right? From support to support, okay? So NVIDIA takes out 345, okay? This is 345, takes out 345. The first candle goes to 328 and then confirms later and goes to 319. Bonkers, absolute bonkers. I caught Tesla pretty well here. 810 support. I said there was a shot it gets down to 396. My lowest cover was 801, okay? So I was okay with that. So I got shorted at 810, added more at 809 and it just imploded. It absolutely imploded. And then there was another candle, right? There was another candle at 396 that I said, hey, if it starts building 396 it gets to 387 and went down to 785. Just to give you an example how incredibly aggressive today was. They overshot support, like it wasn't even there. That's the most aggressive part. On Netflix, again, you can see the notes here. 409, 50, 409 if it builds below can flush to 404, 405. Again, 404, 405 is a phenomenal trade. It's a beautiful trade. There's nothing wrong with this trade until you realize that, again, it went through 405 like it wasn't even there. So here's 405, it went down to 397. Again, it overshot support by $7, just absolute bananas. And then they just, again, they were just literally going one by one. Now, again, look at the notes here. 379, 50, 379 if it builds below can go to 376, any close. Again, we weren't saying anything below 76. Any close below 76 is super bearish. NOW, I mean, just destroyed. I mean, absolutely destroyed. So here is the 379, 50. It stopped the 376, basically gave any dip by the FU, right? And went all the way down to 352, just destruction. Absolute destruction. Apple literally, they were going one by one by one, 316, 50, 316 and a quarter if it builds below can flush. Again, here's Apple, here's the 316, right? Here's the 316, 50, 316, 50, 316, 50, 316, 50. Stock went down to 313. Again, one of the most, one of the more tamer of the moves. But again, $3 candle on Apple is phenomenal. Again, one by one, square. If it builds below 80, it can flush. Look at square, here was 80, right? Here was 80 right here, square went down to 76. I mean, just murder, absolute murder. One after another, MDB, if it builds below 214, if it builds below can flush, right? Here's MDB, here's 214, right? Here's the 214, MDB went down to 196. I mean, just murders, absolute murder in this thing. And then we were watching Tesla to the upside that never confirmed. And again, you could just see the notes, just destroyed, smacked. I ran out of hyperboles. I mean, you just killed, I mean, killed, smacked, destroyed. I mean, which one do you want? 405 coming, if you got a 405, you know, 397 coming, right? Take on the way down, had a shot to 96. I mean, Beta got destroyed, perfect game plan. And then I joked around, this is literally an hour into the close. I joked around, I go, what do you guys want to do for the rest of the day? Again, it's like a fat kid just devouring a four-course meal. And then the waiter is taking away the plate. And they're trying to lick the crumbs off the plate. I mean, what do you want to do for the rest of the plate? The rest of the day. And the most amazing part, again, destroyed, you know, the stocks got destroyed. Destroyed BY&D for all you guys who came in short yesterday from the 134 confirmation that Beyond got destroyed. So we were sitting there, we were sitting there. And the most amazing part, and this is again kind of where we want to lead into tomorrow, you saw this big aggressive V-shape recovery. But again, it didn't just stop out of nowhere. And this is kind of when you're doing your research tonight, you'll really see stocks mirror exactly the NASDAQ 100, the Qs. They held the rising 20-day support and put this aggressive hammer. Again, for all you guys who are just starting to trade, again, hammer is the most basic reference point for bullish action to come. Hammer is bullish, inverted hammer is bearish. So all we're waiting for tomorrow is for confirmation of prices, above prices for today's level above the 16-minute channel. I think the perfect world for tomorrow, if we can get a light open. Because remember, the Dow Jones had a big run here. You had a two-day run of 1,000 points. So if the Dow can be weak tomorrow, it would be really good. It has nothing to do, we don't care about the Dow. But if we can get 100, 200-point kind of washout in the Dow in the morning, and maybe get a little bit of weakness in the beta names, in a perfect world, what they would happen is for these stocks to kind of trap early, late shorts, right, trap late shorts, go red to green later, take out 10 a.m. highs, and then confirm and rally for the rest of the day. Because if you look at these charts, they're all going to mirror the NASDAQ 100. If you look in the video, right, you've got Monster Hammer, you've got Netflix, which I really like for tomorrow, Monster Hammer, when you look at Apple, right, Monster Hammer and Reclaim the 5-day Moving Average, Amazon, same thing, Monster Hammer, Reclaimed Oil Support. So again, you don't need to be very, very creative for tomorrow. Again, we have a very, very specific plan every single day. I know a lot of you guys did incredibly well today. And guess what? It's over, okay? It's over. It's okay to be happy, but again, it's very, very important to be completely stable and mentally sharp for tomorrow because the market is not going to give you a mullion because you had a good day yesterday or a good day today. It's all about the new day. And again, every single day is as only as good as the, you know, it's day-starting picture. Again, kind of a baseball terminology. But tomorrow, again, I am bullish. I'm bullish for tomorrow. I was 100% bearish or at least sell side for today. I'm pretty, pretty bullish for tomorrow. Again, look at the stocks, the high flyers that got killed, the put in the hammers. It'll take you, it'll literally take you 10 minutes. If you trade bait, it'll take you 10 minutes to run through, you know, 10, 15 stocks. My advice for tomorrow, take the three, four names that you want to trade. You can't trade everything, okay? Take the three, four names that you want to trade. If you're an options trader, understand where measured potential is for tomorrow and line up your ducks in a row. And hopefully tomorrow, we'll get some great value. And hopefully tomorrow, everything will play out like we think it will. So guys, have a great day, great job today. And God's willing, I'll see you all tomorrow. Take care. Congratulations for putting in the time to take control of your trading. You're one step closer to owning your future and achieving the success you desire. Want daily trade ideas directly from Dan? Straight off his personal watch list? Unlock our free PS60 vault where you'll get nightly updates on pivot opportunities we're watching for the next day's session. Click the link in the description to get started today.