 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 really good weekend. Hope everybody had a really great trading session. What a day, right? What a day. We'll get to the action in a second. If you are brand new to the channel, please like, share, subscribe, come aboard. Come aboard on a daily broadcast. We do this Monday through Thursday and then once on the weekend to kind of give you the day-to-day aspects of technical analysis and short-term sentiment. Again, not in the prediction business, not in the stock is going to be at this price at that time. Again, we're not trying to pick the closing prices. We're just trying to win our interval. We're not trying to be perfect. We're just trying to get as much piece of the pie as we can and not be greedy at the same time. We'll get to that in a second. Let's talk about from the macro point of view first and then we'll continue the day. We'll get to the pivots in a second. If you guys remember, over the weekend we talked about the NASDAQ and the SPX, but especially the QQQs are building a nice little base here below the 20-day moving average. Below the 20-day, it's supply. We don't want the demand to turn into supply and we want the other way around to be bullish. That's not the case. Despite today's rally, we had a really pretty good rally today. We'll get to that in a second. It was a tail of two markets from the open, from the morning session into the closing session. Again, despite today's rally, we are building, again, another base here. We're building a pretty good base here below the 20-day moving average. I would like to see from the bullish point of view, I would like to see a close at least at 376. Minimum 376, definitely confirming the August 4 highs of 378. If we can get above the 378 level, then I think the bulls will start stretching out again and have a nice little run into the final movements of summer and into Labor Day. I think for the bulls to really start stretching their legs, I'll write this down, guys. Set alert, it needs to get them back above the 378 level and it's building a bottom here, which is actually good because it's giving us a point of reference for a potential next leg lower. So we have 378 to the upside and you see how many times it held 371.50, right guys? Three days in a row, it held 371.50. So that's our ranges going into tomorrow's session. Above 378, super bullish, below 371.50 and then we start going more and more and getting closer back to the 50-day moving average. So that's the point of reference that we are looking for. If you look at the SPYs, they did a little bit better, say, right? They did a little bit better. They at least tried to get back above the mat. They still got rejected off the 5-day moving average for the S&P to get bullish, right? And these are the levels that we really have to concentrate on from the SPY, using the SPY as a point of reference, 453.50. See these two areas here? 453.50 was the high on August 2nd and the high from yesterday was 53. So it needs to get above at least 453 to reclaim back the 10-day moving average for the market to kind of start moving back higher. And on the low side, this candle that was yesterday's low, and you can make a case that the SPY, you know, the SPY today's major move, there was a pretty good move here in the SPYs, we still put an inside day from yesterday's selling. So 453.453 to the upside and 446 to the downside. Those are the ranges that we want to play for the next leg up or potential next leg down. Key is to be prepared, right? I say this all the time. We don't have magic, you know, magic eight balls. We don't have the secret sauce. It's all in the charts. And every single video we talk about, I'm not trying to guess, not trying to anticipate, not trying to guess, what we are trying to do is be prepared. And that's exactly what we talked about. I rattled off a lot of names on the weekend update for you guys who didn't watch the weekend update show. It was yesterday's video or actually Saturday's video. Watch the video. You know, I gave you guys a lot of really strong plays because that's the research. That's the whole point. We never know if the research is going to confirm. We just have to be prepared for it. And if you look at today's action, just brilliant, brilliant action in the morning, you had a scenario today that the bears won in the morning. We were talking about a lot of setups. I'll get them in a second. Over the weekend update, you had the bears winning in the morning, and then you had the bulls kind of waking up and kind of seizing the day in the afternoon. So it was one of those situations that everybody should be happy. Everybody won, but the violence today, and that's a good thing. The violence today in the morning was really special and it was led by Tesla, right? We were prepared by Tesla. We talked about Tesla in the weekend video how important that 50-day moving average was. And, you know, the stock had a great rebound today off the lower band, but the damn thing went down $12 first. And it was an awesome trade, guys. Congratulations for all you guys who caught it. It was just incredible. Just once it lost that 50-day moving average, and we talked about the importance of the 50-day moving average. It just absolutely imploded, and it held the lower bull in your band today. And obviously, this is going to become the line in the same going forward, but we're not out of the woods just yet on Tesla. Despite this rally back here, it's still closed below the 50-day moving average. For me, well, not for me to get bullish like a risk back on, obviously, we'd need to get this thing above 373 to get super bullish. But I think for the intermediate case, I think Tesla at least needs to close. At least needs to close above 255 to kind of break this little selling cycle that we started from the earnings level. But again, at least we know the line in the sand now going further. And, you know, is there a chance that Tesla has a dead cat bounce day tomorrow? Yeah, sure. Why not, right? It had a great, great, really good. I mean, really, really great reversal here off the bottom. But again, we're nowhere clear out of the woods yet. Again, we're still underneath the 50-day moving average. And now the question is, especially on Tesla, how long could it sit below the 50-day? If the bulls want a swinging chance for this thing to kind of wake up at any given point in the future, it really needs to take back the 50-day moving average, which is now it was demand, right? Now it's supply. That's how important that 255 is going into tomorrow and the next day so forth and so on. But it really is a tale of two markets right now. You still have, you know, some really good-looking setups for tomorrow. You have Amazon. It was strong all day today. You can see this range here. It's putting it on the 60-minute. They were coming for the 43 and the 144 weeklies. Look at a name, for example, like Google, right? Google was another one. It had a great quarter. It had a great quarter. First close today over the five-day moving average. Let's watch Google for tomorrow, right? Let's definitely keep an eye on it. If the market is strong and it has started bouncing back, let's keep an eye on Google. Again, first close over the five-day moving average ever since the drawback or the pullback after earnings. But on the flip side, right? On the flip side, again, look at square, right? Square did not rally today. It had an inside day. It reported crappy earnings on Friday. I want to watch this thing the next couple of days. I think if it can't rally in the next couple of days and starts attacking back the earnings lows, this thing is going to start. Next leg down. Same thing with DOCN. We talked about on the video on the weekend. Again, another example of another inside day. It got destroyed on Friday, right? It got destroyed on Friday, kind of rested today. It was down 10 on Friday. It was up 50 cents today. You followed what I'm saying. Inside day, I'm watching this thing for the next couple of days for the next leg down as well. So we're set up, right? And that's the whole point. You want to make sure that you have an opinion for the next day, but you are prepared on both sides of the market. Because again, we don't know which side is going to confirm. And that's why it's super important to be ready on both sides. So let's talk about it, right? Talk about it. Guys, congratulations. Really, really stellar session today. We talked about Apple continuation day two. As a matter of fact, there was a lot of information on Saturdays. I just realized I shared a lot of information on Saturdays broadcasts. But hey, man, if you caught these things, it played out well. So here was Tesla. I think I made a pretty good case on Saturday. What happens if it loses the 50-day moving average? 253, 250. Again, they're blaming today's early weakness on the CFO resigning. I mean, 12-point move on the CFO resigning. I don't know about that. So anyway, 253 and 250, if it builds below, can flush. Stock went all the way down to 242 and changed. Just awesome. Absolutely awesome. Apple was great. We talked about it on the weekend video. A second-day potential meltdown on Apple. 180, 190, if it builds below, can have a second day of selling. That's what Apple did. Apple got toasted. Look at Apple here. After it took out this whole range here, right? After it took out this whole range here, Apple went down to 177. It's an absolute phenomenal move on Apple. AI got hit as well. AI 3766, if it builds below, can confirm the 50-day. Again, another 50-day candidate here. So it took out the 36766 and went all the way down to 34. You can see it's just phenomenal moves this morning. Really, really great session here. Amazon was one of the very few to the upside. 141.50 rejected twice. Needs to build. So here was Amazon, right? So here's the sneaky pivot. You guys hear me talking about sneaky pivots all the time. You see these two candles here, right? Actually, three candles here. You see these three candles here, right? It was 141.50 kept on getting rejected. Once it got above it, it started building the price on that 141.50, traded all the way up, all the way up into almost a 143 level. I still like it for this week. One of the very few names I did like on the upside today. Again, we're still watching DOCN. We're still watching Square. AAOI had a really, really big move, right? AAOI, 11.50 and 11.70 pre-market highs needs to confirm. Look at this move on AAOI. AAOI, right? Look at this move on AAOI, guys. Look at this move here. This thing just absolutely exploded, confirmed the 11.50, 11.70 and traded all the way up to 13.17. Just absolutely huge move. As you can see, there's a lot of things going on today. UPST, 59.50, if it builds below can flush. That was an understatement. Congrats to all you guys who caught UPST. Look at this flush here. It took out, you see this whole 59.50 level, right? It took out the 59.50, just absolutely imploded. MARA, remember we talked about MARA on the video? I really did give a lot of information on set. I got to cut some of this back. I'm just joking. I'm glad you guys took advantage of it. MARA, 15.75 if it builds below can flush. Here was MARA. Again, the same thing. Just everything got absolutely annihilated in the morning. And the next thing you know, things started bouncing back. The Q's held. That's the magic number on the Q's, guys. 371.50 held three times if it builds below can flush more. Again, it kept on holding. So that's where we have a very, very big number going forward. And that's it. And that's it. Some really, really great stuff today. I know a lot of you guys did incredibly well. If you are brand new to the channel, again, we're not trying to predict the future. Like I said, nobody's trying to be the smartest guy in the room or trying to be this magnificent market pundit. We're trying to accumulate as much data as possible from the previous night's research and waiting patiently for confirmation. And that's all we're supposed to do as traders, not to gamble, not to, you know, cut ourselves in the back. Stay ready, be ready and stay solid. Guys, God bless you. Great, great start to the week. I will see you all tomorrow. Take care.