 252 is the previous channel and we talked about, we talked about this on the weekend update, right? This baby, this baby channel, baby macro channel, it confirmed both legs of this big macro defense took out the 10-day moving average. 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. If everybody is doing well, help a day. We'll talk about that in a second. If you are brand new to the channel, and you can tell them just wiped out exhausted, if you're brand new to the channel, welcome aboard guys. We really appreciate you stopping by, spending 10, 15 minutes of your day with us so we can give you at least my point of view of what the market is doing on a day-to-day basis. Again, I'm not in the prediction business, I'm not in the guessing business, I'm in the collection of data business, and I trade off that data. But if you are brand new guys, welcome aboard. You know, welcome aboard. Like, subscribe, share this channel. It's a pretty cool niche situation that we have here. And the most important part is we are unbiased, and we tell it, we take what the market gives us, and that's the most important part. So, if you watched the weekend update, and that was all the way yesterday, right? If you watched the weekend update, we talked about key levels, right? We talked about the key levels on the queues. All you gotta do is go one, you know, literally one video back, one day back. We talked about the upside, the bulls needed to reclaim 366.30s that obviously didn't happen. And, you know, we talked about the numbers, right? We talked about 360 on the queues. That was the bottom of the 10-day support. So, you have the five-day got rejected, the 10-day support got broken down, and we got right to the first measure potential move into the 357s. You know, kind of stretch out one more day to 356.30, yeah, maybe you could. We talked about in a video yesterday, I gave every single reason why this thing was a pretty good must-watch for today's session, right? We talked about a roundabout exhaustion cycle taking place. I have four days in a row of higher lows. It stopped at the 10-day moving average. We talked about the birth of the trade to the upside. Well, it's definitely the birth of the trade to the downside. And there was actually a small catalyst, right? Small catalyst was, they already had their sharehold meeting, and it was sold, right? It's sold into the shareholders meeting. And today's set up, again, a 10-day break, which was absolutely phenomenal, okay? Absolutely phenomenal. And the last one we talked about was a little car company that's masquerading as a technology company. And we said, hey, look, watch out for Tesla, right? Keep an eye on it. There's the bottom of the range here. And if it starts going, getting below the bottom of the range, hey, there's a shot this thing can pull. This thing pulled. Guys, anyway, we'll talk about the pivot to the second. Hope everybody is doing well. Look, the overall macro point of the market is very simple, okay? So we had this pretty big three-week run, okay? And once we started talking about the markets moving up too far, too fast, it wasn't a testament to, that's it. I'm calling for the top of the market. This is it, the market. I don't care what you buy. You're gonna lose money in the market. How can you possibly buy? No, it wasn't any of that. We were just taking advantage of the exhaustion trade, right? The gravity trade. And the stocks that had the biggest probability of a pullback are the ones that held, let this rally in the first place, then the videos of the world, the AMDs of the world, the Tesla's of the world, right? Those are the stocks that went parabolic. So when you have a parabolic equation playing out and you finally reach the exhaustion cycle, all we had to do is wait for that exhaustion cycle to take out the previous day's channel. And once it finally took out the previous day's channel, well, this is exactly what's happening. We got a really, really great three, four day decline in the markets. And if you look at the cues, we're pretty much sitting on this rising 20 day support. Again, this wasn't meant to be that, hey, I chose the top of the market. I called the top of the market. I'm the best, I'm nothing, I'm a moron. I'm an idiot, right? I'm a guy who just trades day to day that accepts price action for what it is. I don't fight price action. I really, really believe in technical analysis. And when you do believe in technical analysis and stop getting out of this whole, you get out of this whole social media mentality that you have to thank somebody for trades, that you have to revere somebody, you put them on a pedestal. It's all in front of you guys. I promise you, nobody's pulling the strings. There's no man sitting there behind the curtain. These are charts. We all have these charts. The difference between somebody trading for 20 months or 20 years is they've been through the lures. They've been in the foxholes. They know exactly what happens if you put on your visors, your blindness and you don't see what's happening. We had an exhaustion cycle. We had an intermediate breakdown. We had a rise of the 60 minute channels. We have a rise of the daily channels. And here we are today, right? So the question is going into tomorrow after all this happened today or actually the last happened the last three, four days. Well, what happens next? And that's kind of one of those scenarios that everybody has an opinion, everybody has a guess. I'm kind of on the fence going into tomorrow. You know, do I think there's a shot we get one more day down and kind of test this bottom channel here on the cues roughly around the 356 area? Yeah, I think there's a shot there, right? I do. I think there's a shot there. I do also believe that the fact that we came in such a high levels and are meeting such an aggressive area for a potential balance, you know, it's also noteworthy to think, hey, if we get a gap up and we go red then yeah, I do believe we'll test this bottom channel is where you have to be very, very careful for tomorrow. And this is kind of why I'm a little bit on the fence of what I think is going to happen tomorrow. The problem is if we gap down and for all you guys who are holding runners in the cues Tesla in the video, yeah, you want that, right? That's exactly what you want. But if you're not, you know, if you are not, if you're not short overnight and we get a gap down into rising support, just look at the last time we hit rising support. That was right over here. You see this, this is basically the same area, right? And the last time we hit rising support was May the fifth and it gap down, they reclaimed the macro support and they started rallying. It's turned into a really, really aggressive month rally. So it's one of those situations that if you're not long, excuse me, if you're not short overnight and they gap down the cues to this 356 level, keep an eye on it, because if the bulls can defend this 356 or if they can reclaim it after a further pull and start going green on the day, maybe we could get finally that snapback rally, but it's a very, very delicate situation here on the chart to kind of say, well, I definitely think the market's going to go this way, where I definitely think the market's going to go that way. I think it's more of a situation that if you have your overnights, you have your runners and you get an extra push at the open on the video, Tesla, again, the cues, then, you know, take your profits, right? Absolutely, take your profits. This is a phenomenal move, phenomenal day. You couldn't plan out it more. More important, we talked about all three of these scenarios in last night's videos. It's not like something that I woke up this morning and go, hey, Tesla's short and the video's short, the cues, if they start losing, well, it's a short. Again, guys, always keep this in mind, 90% of your value, right? And that's a big, big word that we use. 90% of your value is always going to come on the previous nice research. So when I recorded the video on Sunday, Sunday morning, I already did the research two, three days in a row and I already stole where my value is. It's very, very rare that you're going to wake up, open up, you know, log into your system at 9.30 and say, well, where's the hot stuck in the day? Yeah, that's a retail way of trading. And as soon as the market starts going the wrong way, right? Next thing you know, you start seeing a whole bunch of, well, cash is a position. Yeah, cash is a position when you don't know how to trade on both sides, of course it's a position. But again, if you are a trader versus you are an investor, as we talk about in every single video, guys, you got to be prepared on both sides, okay? You could be wrong, okay? It's okay to be wrong. I'm wrong every single day in my thinking, sometimes I'm not, but I'm wrong a lot. The key is don't be wrong. You could be wrong theoretically, just don't be wrong financially. And the point is, I saw somebody tweet out during, you know, during the day and they said, well, you know, despite this pullback, you know, the market still is great and I know only five or six stocks have taken us down today. So that's bullish. Well, I turned around, I go, well, wasn't the same argument on the way up that only five stocks was taking us higher and then look where we are. So it's a little bit too early to say, if this is the start of a really aggressive, big topping out process that could spill over into July, or is this just an orderly pullback into the 20 day moving average? I guess tomorrow we'll see exactly who has control if possible on this 356 level and whoever has control, they could seize that demand zone. I think we'll have a, you know, a much more clarity to see exactly what happens next. Sometimes again, it's pretty clear to see what you think is gonna happen the next day. Sometimes a little bit more, well, let's wait and see, let the market do the heavy lifting for us and see exactly what happens next. And that's exactly how I wanna approach tomorrow's date. So let's talk about today, right? Let's talk about today guys. And again, if you are a brand new washer of this channel, I treat beta, I treat technology or AKA the mega cap stocks. I don't try to be right. I don't try to be perfect. I'm a human being. I'm doing this going on my 25th year. I've been doing this for a very, very long time, way too long, half my life long time. But, you know, I still get a kick of trying to figure things out that other people don't see. And the key is these channels, right? We're not guessing, we're not anticipating, we're waiting for these channels to develop. And when they do and they match our thesis, they match our synopsis of what we think is gonna happen. And it is pretty cool when they confirm technically. So let's talk about it, right? Tesla 252 and 248, the key levels, if they build below can flush. That's an understatement. Tesla, yeah, it built the below. I started shorting it off that 252 breakdown, right? So 252 is the previous channel. And we talked about this on the weekend update, right? This baby channel, baby macro channel, it confirmed both legs of this big macro defense took out the 10 day moving average. And now the stock is trading a dollar, it's trading at 240. I think there's a shot we get to 237, 238. Maybe even tonight, who the hell knows? By the time you're watching this broadcast, right now it's trading 240 after hours. Who knows, Tesla maybe gets to 237, 238. If that's the case, try to close out your position if you're short equity or if you're long puts, you might wanna consider buying some equity against your position to kind of flatten yourself out. But either way, just an absolutely phenomenal move. 252, 240 trading after hours right now, really, really awesome. We talked about the cues, right? We talked about the cues on the nightly update. Again, nobody, guys, again, the market's not trying to trick you. Nobody's trying to trick you. This 36, right, 363, 30s to the upside, 360 to the downsides, right? We talked about these levels. These aren't, nobody's trying to surprise or put some money in a situation. They're caught off guard. So it took out the 360, I mean, just a beautiful move. You got another two and a half point move on the cues, just phenomenal. Again, I think, again, this 356 level is going to be kind of the line in the sand for both the bull and bearer. We'll see what exactly what happens tomorrow. I was watching for Qualcomm below the 50-day moving average and never got there. Actually, it was green on the day. I was watching for SMCI to build below 214, never got there. Chewie did nothing, Chewie did nothing. Went up like 20 cents, went up like 20 cents before reverse, nothing there on Chewie. AUR never got to the 250 level. Maurin never got the 1310. Congratulations guys for all you guys. It took Coinbase, 62 needs to build. Coinbase went nuts at the open. I didn't, I didn't trade into Coinbase. I was waiting for the video. I was waiting for Tesla. It turned out great, absolutely great. So it confirmed the 62 and went to 66. Congratulations for all you guys who took Coinbase. I believe we talked about Coinbase on the weekend update as well. And here's my whole point guys. Here's my whole point of why we trade both sides of the channel. Don't fall in love with the stock, fall in love with the channel. So on the video we were watching for the upside, 42810 for Crate, we claims the five-day. Obviously that didn't happen. This was the absolute screaming move of the day. I thought Tesla, actually, I'm gonna say Tesla was just because. Anyway, but 420 held twice. If it builds below can flush to the 10-day confirmation. Again, we talked about this on the weekend update. And the video just got destroyed, absolutely destroyed. Took out the 420 and went all the way down to 401. Just phenomenal, absolutely phenomenal move. Congratulations, you guys who caught that. Nice little scalp for us in the beginning of the day. 131 needs to build for Amazon. We caught a nice little cash flow move on it. Nothing crazy, but nice little move before rejected. MDB didn't confirm, TTD didn't confirm, ONN didn't confirm, this guy confirmed. Big shout out to Elon. If I could kiss you, I would. I think I could speak for a lot of us to say, hope to God speed, you're around with us for a very, very long time. And again, everything's just going nuts. Cues just absolutely. So I went out to lunch and I said, do I really need to come back today? All right, I'll see you guys in 10 minutes. But awesome, absolutely awesome. So look, there's these depress when you have your setups, when you have everything play out, lined up perfectly and everything confirms. Those are brilliant days. Those are wonderful days. Unfortunately, everything else in the market, you have to be really, really patient. You have to grind it out. Some days you're going to get no value. Some days you're going to get a lot of value. But the key is to make it to the next day. And if you are a brand new trader and this is your first dive of technical analysis, hey, listen, if you want to come to the webinar, let me introduce you to the wonderful world of pivots. We're the only people on the planet who trade in this matter. I developed the PS60 theory in 2012. This is going on our what, 11th, 12th year trading the pivots out of the 24, going on 25 that I'm trading. It's pretty cool. The key is it's very, very patient. It's very methodical. But the key is you are trading alongside with institutional capital because they're making the bets in the options market in that direction. And when they do confirm, it really is a pretty cool thing. Guys, God bless everybody. Hope everybody is doing well. If you are coming aboard and going to be in the webinar, welcome, and I will look forward to working with you. Have a great night, everybody. I'll see you guys tomorrow.