 Good afternoon everyone. This is Melissa with the stockswish.com and welcome. Welcome to a QQQ update I thought I would do this. I've been doing market updates on the spy But the Q's has been more bearish than the spy all along meaning that the pull-in and the Q's has been More significant and the pull in the spies the spies had some red bars But it keeps making new highs not the Q's. Is that the reason for this today? No Market had economic data today. Just you know reacted negatively to everything it heard of and This though is very unexpected. This is the first day. I'm actually gonna say This is heavy Doesn't mean we're changing trends doesn't mean the markets not enough trend doesn't mean any of that at all It just means the market sold off immensely hard today out of the sky out of nowhere in a day that it shouldn't have done it and It could bounce into the clothes, but low odds 45 minutes left approximately until the close of the bell today and the market has had no letter in selling the entire day today and There were been no reason to short this so this is just selling Okay, market trade and a buy set up yesterday followed through went to a bigger target than expected open as a neutral gap today. This is what I call a neutral gap and Fell fell as soon as it opened should have held but there really wasn't any recent area to hold in here I think that was part of the problem now that I'm seeing this here I'm just looking at one minute That is so tricky We must close with some significant tail here or gap up tomorrow to not fall again tomorrow Otherwise a target in the market is all the way down here at 83 82 50 for the pull-in I'll just go back here at the beginning of the day I I'm shocked at how much we sold off today But we're still bullish in the overall chart. We are still bullish I just want to see if the market open and swushed 87 88 No, it didn't The market did not open and swush today But it should have held right in here right in here by 945 10 o'clock the very very latest and actually by 945 and Detended brook so the market needed to hold right in here quickly quickly quickly quickly and it could do it And that was a sign and around 10 between 10 and 10 15 I said, oh, we're just gonna be read all day now And the interesting thing is it really didn't have any opportunity to short this market If you wanted to if you wanted to take advantage of the short move You didn't really have much of an opportunity to do it There wasn't any rally back to short Marcus gonna make an attempt to hold here into the close. It's weak as I'll get out though This is a weekday in the market and it actually looks bearish to me for a deeper pull-in The pulling could be two dollars away from now It could be even deeper because this is totally unexpected and the market should have held better than this And the market still isn't an uptrend. Okay a mark the market does not change trends And neither do stocks by the way until they gap and do a bearish gappas of significance This is not a bearish gap today. It is a gap up But the red bar in the day the way it broke the way it fell and did not hold the bicep of the trigger Yesterday is bearish for the temporary time frame It could last just till tomorrow and we can bounce into next week or it could last I don't know for the next week or two. Who knows? I mean the next level that's realistic for the market to come down to is here and then here and Gosh only knows But for now, we're still bullish in the overall trend bearish though intraday today and tomorrow We have to close strong and we have to get up tomorrow significantly Or we're gonna gap down tomorrow or train down tomorrow in a neutral gap or small gap up to a bigger number We can have two red bars here in a row tomorrow because if we get down tonight Well, it depends how much we get down if the gap downs tomorrow morning is big then we're gonna hold Tomorrow's gonna be a pretty significant date of its market to tell what it's gonna do I'm just shocked here in the bearishness of this and and I love to short But this is just pure selling here today. Look mark is gonna try to close but 45 minutes It's it's gonna have to bounce here more if it's gonna hold This is Melissa with the stocks wish comm is the first day since I can't even remember I don't even remember. I don't remember the last time I said the market actually looks Heavy and again not changing the overall trend which is bullish But looks heavy for the short-term time frame here And I actually feel like the market was heavy today because it should have health and it did not hold and it didn't Okay, so tomorrow would be a good tell-tale sign not for what where we go next but just for the short term How far we're gonna pull in are we gonna pull in down to the next number at 84? Or are we gonna pull into 83? Are we gonna break and go fall all the way down and break 80? I don't know again We're still an uptrend and I still think the uptrend of the market holds this year But this is a deep sell-off today, and it can't be a north because it shouldn't have happened shouldn't happen as far as I'm concerned I don't see the reason why it happened so aggressively But it did and again, it's a great thing about trading a real-life time You make decisions on the fly you see it and you see it for what it is and you read it And you see it and that's it look at this. This is a crazy weak attempt to bounce We have to close above We'll just see here We have to gap up or close above or gap up tomorrow above 86 50 to recover from this crazy bar today. I Don't know if we can do it or not. It's more than a dollar from here. Here's the bounce. It's gonna try It's gonna try to bounce here into the close, but this was a very weak day in the market This is Melissa with the stocks wish.com. I feel like more information Email me at Melissa at the stocks wish.com red day today reds my favorite color Beautiful beautiful red. I would never have shorted this market though because this is unexpected I just do my gap shorts, but it's real people for now at least for the temporary time frame again This does not change your overall trend in the market Which is still strong the minute I see the market doing something where I think the trend is gonna change I will say it that's not here But for the temporary time being markets not done pulling in and the pull-in could be deep tomorrow is gonna tell a lot Anyways, have a great day everybody. See you tomorrow