 Okay. Good morning. Can you guys hear me and see my screen? It looks like it was just saying here that I'm getting not very high quality streaming here at the moment. So let me know in the advanced webinar. Okay. Good morning, Alan. Okay. Looks good. Thanks, Sam. Alright. Okay. So hold on just a minute. Alright. I think I'm set up here now. Alright. Good. Alright. We're all set. Okay. Sorry, guys. Alright. So, yep. This is the Bookmap Advanced Webinar. And we'll do the live forward-looking analysis again today. And then on Friday as well, 10 a.m. JTrader will be in tomorrow with stocks. And that will be live trading and live analysis. And then also Scott on Thursday live trading and live analysis for futures. So, yeah, that's the agenda here for the week. Anyone new in here, just to kind of cover it, what we're doing with the education is, you know, we have an educational course that's online. There's four parts to it. And, you know, it would be best to watch that because we're going to talk about those same order flow conditions and phenomena in the live market so you can apply directly what you've learned from that course right into the live market. So it kind of is a good foundation for you to then apply what you've learned into these webinars here. So let's go through the disclosures and jump right in. If you have any questions, use the advanced webinar, hashtag advanced dash webinar text room to go through and ask any questions. All right, so anyway, general disclosure, all book map limited materials, information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations. The risk disclosure, trading futures, equities and digital currencies involves substantial risk of loss and it's not suitable for all investors. Past performance is not necessarily indicative of future results. All right, let's jump right in and take a look and see what's going on in here. Looking at the S and P E mini, unless you guys want to look at something else, let me know. We're just looking at, here's yesterday's action. I'm using the new feature in 7.3 alpha version. It's going to be beta here pretty soon. So, you know, 7.2 will become the production version. So you might want to upgrade. I've been using this alpha version here for many months. It's super stable. I have not had any issues, but this is something I want to cover here. And I was talking to just a few traders earlier and there was something on my mind. I forgot to mention on the kind of higher timeframe and what we're looking at in here in yesterday's action. Because we were looking for the move. Well, we're looking for many moves in yesterday's action. And ultimately, you know, it being the first of the year, I thought we were going to probably trade up into 48, 148, 10 up here. Just because, you know, you get all the funds that have to, they have to purchase, right? So, well, they did at the end of the day, right? And that this gives a lot of insight here, end of the day. Okay, look at the, look at the buying in here, end of the day and look at the overnight session. Just dribbled on up into these areas here. And that's where we are now. Right? So back up and finally traded up into 4800. Still looking for 4810 here. We just, that the open here came close to it here. But that was it. I'm not able to get any further yet. And just kind of in a big range bound cluster here at the moment. Anyway, just wanted to mention that and I want to extrapolate this information here to the higher timeframe chart. Okay, so let's take a look at our higher timeframe. And just really, really simple charts here. This is a daily chart over here on the left. This is an hour chart here in the middle. And then on the right is a 15 minute chart. And looking at the only the cash session. Right? So you see the gaps in here. And yeah, you can see we're up above here now at all time highs yet again in this S&P. So the second day of the year or trading second trading day of the year, here we are breaking all time highs. Are we going to accept higher is another question. But looking at this daily chart here, we are bullish. No question about it. So this is a really, really bullish pattern. Even the pullback here is pretty bullish here. It just came back into this little area here, top of the range here. This is the pullback here. And then it went to the upside here. So this was yesterday, of course. And then we see the follow through today. So nice candle here yesterday. And then above these wicks in here, which in the hour chart would be this little area in here. And we're above it. We opened above it. And we need to see if we hold above it though. That's the question. So that's what we're going to be looking at in here. But what I wanted to cover was yesterday's action on the 15 minute chart. Here's our 15 minute chart. And I'm going to extend this out to cover this point here. So this was yesterday. We had the initial move to the downside here. And then we were looking for a pullback, which we got. I thought at this point here, we would come back up into these wicks and then maybe trade up into 4800. We rotated back down lower again. But down into these areas, again, wicks down here. They're buying down here. Now, what is interesting here about structure? And we're going to look at the higher time frame structure. And then we're going to look at book map and confirm it. What's interesting about this move here was the volume and the time of day in here. We broke the structure here. This swing here, we broke it. It broke here. Yeah, it was around 230. Let's see, where's 4 o'clock? Right here. Yeah. So it broke it here. So we'll go back and take a look at it here. But there's not a whole lot of volume it broke it on. So this is kind of a curious little area right in here. End of the day, we're closing here at 4 o'clock. And we have just tons of volume here. This is where we're looking for that move. On the higher time frame. And in book map, this is what it looks like here. Here's our 4 o'clock right here, this line right here. So this was an overnight play basically. It was the end of the day close here. And we're looking for these, there's buyers up at the higher highs here. Or, you know, these areas here. Yeah, be looking for it to trade up into 4800 and 4810. And still looking for it to trade up to 4810. Anyway, just some things to consider. And the break here, this is around 230 or so east coast time. Yeah, in here. Yeah, this is kind of an interesting little area in here. A hard read, to be honest. So I think we're going to shy away from that hard read. The buyers were able to push it back up. We didn't find many sellers. And we see the massive transactions. But that was later though, after it kind of broke away from this area here. So yeah, this is kind of tough activity to read in the order flow in here. But the close here, strong, strong volume. Yeah, I would have been looking for it to trade up into these areas overnight or at the open today. Anyway, just some thoughts there. Looking at higher timeframe analysis. And starting to understand the same concepts that we're going through in market structure. We're applying here in the higher time frames. Okay, so it's not so much about the candlestick patterns or whatever. We're trying to read the order flow within the candles here. That's what we're trying to do. And you can see, look at the kind of transparency you get with candles. Not much, right? It's just open, high, low and close. That's it. That's all you're getting here. So you're getting the size of the candle, the shape of the candle. But you also are getting market structure. So that's good. And that we can use. So here is above this swing here. Broke out, retested back to it here. And then here's the close and all of that buying here. And then, you know, we popped up higher at the cash open just now. Okay, so are we going to come back down? Are we going to fill the gap in here? Or are we going to continue on higher? And this is where we're going to look at book map and start to understand what's going on in here right now. It's just looking at the candlestick chart on the 15 minute. I'm not getting much at all. We just saw some some sellers come in here. Now, if we get, we're going to go into book map and we see a lot of selling down here. Okay, and the order flow and or the order book, like maybe they're pulling on the bid here. They're adding more on the offer. Yep, then we'd be looking for this to trade lower here and break the swing and accept lower. So let's take a look at that scenario here. Just just by looking at the 15 minute chart here. Okay, so let's jump over to book map. All right, and start to understand what's going on in here. All right, well, we're still in an uptrend here. And here's our structure. There's many different ways to look at it, but I'm just going to draw some trend lines here. Okay, and we're still in an uptrend. Okay, now did we make a higher high in here? Now we made an equal one. So we're not getting too much out of that at the moment. Okay, we're still bullish though. All right, so now we were looking for the scenario here not to be bullish by looking at this chart. Just making a lower low here, and we want to look at the volume within this area here. Okay, and yeah, a lot of selling in here. Is there a lot of buying up here? No. Is there more selling in here? Yeah. Okay, so all right, so I'm looking for these sellers to try to break this here. So we're just below 4800. Let's see if we can get more sellers in here. Look at the offer here. Sellers coming in. Okay, so looking for them to trade down to 98 here. Now I want to see these guys pull here on the bid at 98 as well. And let's see if we can break down to 95. Now this is really the question is in this little area here. Do we see the sellers we're looking for somewhat? Are they moving it away from this area here? Not yet. So we have the potential for a false breakdown here, and then buyers take it right back up here. Okay, so we don't quite know yet we're looking for and trying to gain some insight here. Okay, if we can get a retest at 98 and more sellers here, then I think we're going to get, we'll get the move down to 95. Higher probability, we'll get the move down to 95. Okay, let's take a look here. Let's zoom in. Okay, no, see how we got sellers here? Not so many sellers on the retest. We need sellers here. There they go. All right, now did they move the market? No. Okay, now they are. Big iceberg. This is why the market didn't move right here. We ran into an iceberg. Okay, so I still don't like it. Looking at higher probability move here, because of that absorption on the iceberg, this makes it kind of convoluted in here. Is this going to be a false breakdown or is it going to continue on to 95 down here? Okay, buyers back up above it now. Okay, did they accept above here? Not yet. We're still not getting clarity yet on this move yet. Okay, we're back into the range a little bit, but it's really not that clear. Okay, we're going to get some insight from this 98 and a half liquidity here. Do buyers, are they attracted to it? Yeah, they seem to be. Okay, so yeah, let's see if we can get our buyers at 98 and a half, and then we should get to 4800. Okay, we're getting more clarity now. I haven't really broken the structure yet, but looking for them to break it right here. Okay, there's some liquidity here, followed by some buying. All right, buyers should be able to break it here and hit 4800. Let's see it. Let's see it, buyers should be able to do it. We're only talking a couple of points here. They cannot. They cannot. They exhaust out. One more shot at it. Do we get our buyers here? Yeah, they got it now. They should be able to move it. Okay, there's 4800. All right, so now we're back in the range here. Okay, so this was a false breakdown. All right, this is where Bookmap can help you. Look at this 15-minute chart here. Okay, we were looking for this scenario here. For, okay, well, sellers are starting to come in. They're starting to test these lower areas here. All right, well, then they should be able to break this low and then start to trade back down lower. Okay, right now this is a false breakdown. Okay, we're back up into the range here. Now, we're back up into the range. And now I should probably go to a five-minute chart, to be honest. On the 15-minute chart, though, we're looking for it to come back up to here. You know, this 4805, maybe even higher, 4807 area here. Because we didn't find sellers to break it down here. Do we find buyers to take it back in to these levels here? You can see some selling coming in right now. But we're not getting too much out of the 15-minute chart here. Let's go maybe to a five. Yeah, see how we need to get up here? It's the same idea, the same concepts. We need to get up here and we need to find some buyers. We didn't. I'm sorry, this is a five-minute here. So we got to see these buyers come back in. And then the first stop is actually here now, that we've broken this down a little bit more. So let's look at 0350 in Bookmap. Is that a potential target here for buyers to take it? Okay, or, you know, we're back into the range and maybe that move fails here. I'm still looking for these buyers. I think they got some of these sellers on the hook here. So we'll move back up into like 0203.5 or so. Looks pretty good. Well, we basically did that. Yeah, we went up to 0303. Okay, so since we already kind of revisited 0303, then let's take that scenario off the table. Because we've already gotten the pullback here. So now we're looking for actually, we can get sellers again down here. Yeah, all right. Are they starting to move it? Yeah, yeah. All right, let's see. I'd like to see them move it down into 95 or 96 here and then 95. Okay, look at the wind at our back here. We have the order book on our side. Okay, on the offer here. And we're getting sellers. Now they're moving, starting to move it away now. Now let's look at the move away though here. They're moving it away and we see sellers in here but look at the dots in here. How are they moving it away? On large selling volume here? No. We want to see bigger dots like this in here but we want to see it moving it away. So this answer is a really good question. I think this is a really good example to start to understand the context of volume pressures. I think BP rules was talking about this yesterday or asking about volume pressures in here. And this is a good example. We're looking for the volume pressures at these levels to gain insight. We got the volume we're looking for here. We did not get the movement we were looking for. So this false breakdown was looking kind of probable. Here we're getting the move we're looking for. We're not getting the volume though. So this again is failing down here. Does that make sense? Yeah. Okay. Thanks, Alan. And what does that mean in terms of your trading strategies? Well, you're looking for something that goes with the majority of the traders. And that's the best we can do is to gain insight and information with the majority of the traders and the follow through due to that. And then we can go through other scenarios though and say, okay, well, the majority of the traders are actually off sides. And then we look for stop runs. And for them to, they got it wrong and that they're trapped. And we can get really nice moves in the opposite direction. All right. Again, still not getting much insight. Did we get buyers up here? Nope. Did they make a higher high? Nope. Right. So still not getting much out of this right now. We're back down here though. Now they're pulling here on the bid. We're getting some sellers here. Okay, sellers, you should be able to move this now. We made a lower high here and a lower low here. So I'd be looking for sellers in here and for them to swiftly move it, get some of these buyers stopped out, swiftly move it down into 96 and down to 95. We're not getting the sellers yet. Not yet. Okay, and this little rotation here, little rotation, let's see if we get some sellers now. Nope. And it's going to be a quick move here. Right. These buyers in here, they're going to be off sides. They're going to have to bail really quickly. And then we should get the quick move down into 96 and 95. And we didn't. Not yet. So buyers are still, they're supporting it down here at this level. Okay, not much. We're still not getting much out of this, to be honest. It's just not really strong volume. Okay, we got a retest here and no selling here. Okay, here we go. All right, sellers. Now we should see the drop. There we go. Okay, now I know that happens quick and we're still looking for another drop here. Nice stop run. There's our stop run down here and turn the liquidity tracker off. There was questions about the liquidity tracker yesterday, so that's why I had it up. Let me know if you still have questions on that liquidity tracker. Happy to go through it. Okay, how much of a stop run was this? Not bad. Three or 400 or so. Boy, that was it, really. And another false breakdown. Yeah, this bottom edge here has been kind of, you know, wishy-washy back and forth in here. I thought we'd get to 95. I'm pretty sure about that, but no, no, it got to 96 and that was it. And look at the buyers trying to get these guys going the wrong way as well. Well, and there's stops in here. This is something we covered yesterday. What kind of volume is this in here? Right, well, there's a lot of stops in here. And we can look at that. We set it around three or 400. Let's take a look exactly what's going on in here. So yeah, quite a bit of stops in here. Let's turn on the on chart indicator as well and verify that sub chart. Where is my stops? Hmm, let's add it here. Oh, okay. I got to bump up my permissions. So yeah, I'm sorry guys. I don't have permission right now to it. So we won't be able to look at the on chart. That's okay. You know, we can kind of look at it down here and piece it together. But nine, negative, negative 1000 down to, yeah, so about 300. And we can look at the volume in here too. So a lot of these are stops, right? So now, like we were talking yesterday, these are stops. Okay, look at this beautiful move to the upside, which I'm missing now because I'm trying to cover this. Sorry about that. Now, the move down below this edge here, these are stops. Okay, a lot of them are stops. So if this is people getting stopped out of the market, then almost in essence, this is almost like exhaustion, basically. There's not many new positions in here. So they're not sellers in here. And what we look for in exhaustion is lack of sellers. So new sellers. And we're not seeing new sellers in here. So that's why I'm saying that it's kind of like exhaustion. And this is where we're getting buyers back up above, back into the range, like we were looking for over in here that we found. Now we're looking for it here and we got them. And they came up, they traded into 05, looking for 10 now. Okay, now let's take a step back, look at our market structure and start to understand what's going on in here. All right, so this is where sellers came in and dropped it here. We just tested up to it. Okay, we're getting a bit of a pullback here. Let's just start to, just market structure here. In fact, let's turn volume off and let's even turn the heat map down and let's mark up some market structure here. Okay, lots of structure here. Here's the false breakdown here or that stop run. Okay, now I would be looking for a pullback to this area here. It may pull back to here or it could even pull back to here. But this is the first pullback, top of that, top of this range. Looking for buyers now. And let's look at this edge here, this top kind of edge of the structure. And let's see if we see buyers in here. Okay, do we get the heat map supporting this? We can see a lot of icebergs in here. That's good, about 300. Okay, so now they're testing the bottom of the next level here. Okay, and then here's 4,800 and we see liquidity there. Okay, so let's take them on. Okay, so now we're looking for buyers. Well, we're going to get some insight. One of the main scenarios here is we're looking for buyers because it's bouncing off the structure and this is a bullish structure here. This is where buyers took control in this small time frame here. Okay, so we're looking for our buyers in here. So we don't see them yet. We're still making lower lows and lower highs in here. Okay, here we go. Now we got some buyers here. Okay, so are they going to take this immediately? Let's take a look. We'll probably get another rotation back down. Now back up here again, looking for our buyers and we should get the move. We should get a breakout here. Up to 02, 04, 0506 and then our 10 level here. Okay, one more rotation. S&P never fails to do another rotation. Okay, so we're not getting them. Still not getting them. Now we've tested our next level down here for that pullback. Okay, still remaining bullish though because of our time frame on this small time frame here in this bullish move. And we're not seeing it here. Still, this is not bullish here. Okay, all right, we got our buyers at this edge here, top edge. Looking for them to drive it up into 02 here. You know, we came back down here. Now they're starting to nibble away at it. We're looking for them though to break this here. Let's see these buyers come in here. Not yet, not yet. Exhaustion and sellers kind of dribbling right back down into where these buyers initiated this little move. Okay, do we get some exhaustion down here on the sell side? Do we see buyers starting to come in? There's some exhaustion right there. And there, that's not the case any longer. But we've moved through all of these areas here on the pullbacks here. So, all right, so this is where it truly initiated here. This is a very, very steep pullback. Okay, now we're getting some support here at the bottom of the range. We see some buying now starting to come in. Okay, there's our exhaustion. Here's our buyers. Boy, looking for it, looking for it here. Okay, all the way back down to the open, or I'm sorry, the low of the day here for the cash, cash session. Yeah, blew through all of these levels in here. Well, didn't blow through it, but we just didn't find the buyers in here. And we're looking for them. That's the primary scenario here is to look for the buyers in these areas. Because, you know, we found a bullish move, right? So we'd be looking for that to be supported. Once we are through some of these levels in here and sellers start to take control on the other side here, let's see if they do. Then we're going to get a really nice move to the downside here. Let's see, Alan, isn't that responsive buying? Yeah, could be. Yeah, yeah, that's really good, Alan. Thank you. Yeah, right up into point of control. So this is responsive buying back to the mean here. And you can see they didn't get above it. Yeah, really good point, Alan. Yeah, why wouldn't you expect it? Yeah, I should have looked at that earlier. Here, comment, you are spot on. Isn't there always responsive buying or selling to a stop run? Not always, no, not at all. That's not true. A lot of times you'll see a stop run through an area, but it still accepts in that area. So, you know, that's a tricky thing to kind of learn is you look for the order flow phenomena and then you look for, that's the event. Then you look for the order flow around that event. That's the key. Yeah, that's a real nice catch there though on this. I mean, point of control and let's take a look here. Yeah, so yeah, right back into the mean. And then now they're trying to move it away from the mean here. And boy, it's choppy. I mean, like it's running into like lots of liquidity in here starting to find some buyers. Lots of icebergs here as well. The icebergs are really starting to, so this is like 1500 in here and absorption in this area here. Now let's go through this here because like, you know, we kind of dribbled into high liquidity here, here, and then right now here. And we see that the icebergs, they're buying in these areas here. And we saw some of the buying over in these areas previously as well. So let's mark up where all of these icebergs took place. And so we have, you know, almost 5000 in here. So that's not bad. And they started here. So larger players are starting to buy it. We also see it's just not just larger players in here that we want to look at, but we just want to kind of get a feel for where are they? And they're in this kind of bigger zone in here. In particular, they are kind of in this little zone, and then this zone here. So what we can look for is a scenario here for these icebergs in here that if they're going to be buying on the way down into these areas here, we look for this kind of the order flow to kind of shift and change and we're looking for that right now. Right now we're looking, we're bearish here. We were bullish in this little time frame here and we're looking for pullbacks and none of them unfolded. It was like Alan said, this is more like a mean reversion trade and then moving to the outside edge again here. And we are trending lower, but not by much here. So what I'm covering here is just market structure. Starting to understand this market structure in here. Making lower lows. We made a higher high here or above of the structure here. But it did not make a higher high above this swing up here. So in essence, go back to our candlestick chart. We're still in a downtrend here. And then the structure would be basically down here to 87. And that would be the gap fill. We can also look at the entire session. So maybe move down into this kind of 93 area here. Looks pretty good. And there it is. Okay, 91. Again, more icebergs still buying. Okay, now we're up to 6,200. Is there a gap fill in here? Yeah, that'll be our gap fill. Yeah, 87. I still want to mark up our icebergs in here. Let's see here. Let's see what's unfolding. Any other markets you guys want to look at, we can also do that. I'm just curious to see if this was enough of a gap fill here. 87 is down here. That's our gap. We've got to get through this wall of liquidity here. It's just been just slow. Yeah, nice movement here on the sell side. And volume. So we got some price movement and some volume here. But buyers are trying to force it here and try to push it back up above where the drop from here. Let's see if we can get our sellers down here for one more test into the 91 and 90 area here. Okay, some exhaustion here. Not able to make a higher high. We still may get some buyers back up here, but look at the exhaustion here. Not making a higher high. Looking for sellers here. And let's see if they can take it down here. They should be able to take it down. Yeah, back down to 91.5 here and maybe 90. We're getting the order flow within this little range in here. Now, this is kind of a tricky range in here to read that. You know, you get these little points in here. And a lot of times you'll see buyers give it one more shot up here and then it exhausts out and then you get to move back down. But just going with what we know and what we're reading on the order flow. Yeah, we're not making a higher high. We're seeing it exhaust out here. We're not finding buyers in here. We're not really finding a lot of sellers down here either, though. So, it's still not making it look too enticing here. All right, so now we should get some more sellers here. Let's see this liquidity here at 95. And let's see these sellers come in here. Right here is where we need to see them. 93.75. No sellers. Okay, rotate back down. We should get sellers here. We should and then they should be able to move it down to 91.5. 91.5 has pulled, so basically it's down to 90 here. And we're still not getting our sellers here. Still not getting the volume we're looking for. The structure is looking good. Exhaustion is looking good. Just need to see sellers here. That's what makes the market move is these aggressors. Looking for them to move it. Yet again, down into the lower lows here. Okay, another rotation. Many rotations here. All right, sellers, here we go. This rotation looks better. It's doing it. It's not really great volume yet again, but it's doing it. It's better. All right, sellers, let's see it. Let's see if you should be able to take this down. We see on the bid here, you know, the bid is, you know, they're showing liquidity in here, right? So that, it's again, it's not high probability. Like we've seen many, many non-high probability kind of scenarios here. We want to see these guys pull that liquidity. We want to see them front-running this. We want to see our sellers in here. Now, the sellers are starting to take it lower. But I want to see them, I want to see high liquidity on the offer underneath here and then the move lower. So we're getting our move. This is what we wanted to see. This kind of liquidity here. All right, so all right, so now let's look for this 90 and then through 90, we're looking for our gap fill. 87, let's mark up 87. And the funny thing is there's not a whole lot of liquidity down there at 87. Starting to come in a little bit now. But, you know, they're here at 90. Okay, and 90 just transacted. And they're still here. So that means that was absorbed completely. Completely absorbed here. Another iceberg here. We're up to our cumulative volume of delta is up to about 7,000 now, almost in icebergs. Okay, so, you know, we're putting together, we're kind of building another scenario and consensus here. More icebergs. Okay, gap fill. And then we're looking for buyers to start to come in. Again, 90 completely absorbed yet again. All right, now they should be able to trade through it. More at 90 still. Wow, look at the icebergs. This is a great little thing to see in here. Look at the absorption in here. Why can't they move? There they are, now they're able to move it. Okay, well, they were not able to move this lower because there's an iceberg absorbing all of it. There's not liquidity in here. This was, well, it's liquidity in general, but like there's an iceberg on the other side. It's a hidden order. Look at all these transactions over 2000. Well, let's see, what was it? Yeah, over 2000 in here. Finally broke it though. Able to break through it. Okay, so now we've even made it through our gap fill down here. Okay, let's take a look here. Let's see if we get some buyers starting to come in now. Let's take a look at our higher timeframe. Here's our gap fill. Not seeing it yet, but let's take a look at book map. Okay, here we go. We've got some buyers here back up to 97, I'm sorry, 87 liquidity here. All right, let's see if we get more buyers here. Okay, see the buying that came in here, looking for buyers up here. Want to see these guys pull their liquidity at 88, 88, 50. Looking for more on the bid to start to kind of chase after here. And we're not ready yet. It's not ready for a turning around quite yet. Let's get a little insight from this 87 liquidity in here. Yeah, it's still pushing lower. The S&P is, you know, one thing that's really nice about this S&P is the way that in here you'll see this liquidity in here. Now this is like a spoof, basically. But we get insight from it. What does the market think of this? This is one of the beautiful things about book map, is someone came in here with high liquidity and moved it down three times, or yeah, once, twice, three times here. And then what was the reaction to that? What did the market think of that here? Is testing and probing these areas here? Now we just chaded down to 85. Looking for buyers to come in above it here. Let's see if we can move right back up to this 88 level here. I like it because this is going to be just not much of a stop run. Interesting. But we're down below the gap and we're above this little area here at 85. I want to see the buyers try to take it back up to this 88 and 88, 50 level here. This is starting to look higher probability now because we came back down and we've gotten below the gap. So now we're looking for buyers to support this and trade it back up into these areas here. And we're just looking for buyers in here if that scenario is going to play out. Not yet. We're still down trending. Lower lows, lower highs. We've got lots of icebergs though. We've got even more icebergs here. This is a great little absorption in icebergs here. Maybe you have to kind of cover that again. We traded into absorbed at 90, absorbed at 90. Then there is no liquidity, but they're still absorbing. And that's that iceberg in here. So now the first thing we're going to look for in this potential reversal here because it's starting to look at it. It's getting interesting here. We're looking for the structure to start to break. And it's not right now. It's still trending. Still trending. More icebergs. We're getting up to 10,000 now in terms of icebergs. Great. All right. So we're looking for buyers in here. We broke the little trend here. Now we need to start to look at some of these structural areas. This is actually the first one. There's another one here. We're looking at the swings and then the other one is up here. So do we get buyers and starting to trade into these structural areas here? And are they able to move it higher and break it? Not yet. They broke the trend line, but they didn't break the swing in here. And this is the first thing to look for. Now reversals are really tricky. I mean, you can see it's easier just to go with the trend. Okay. Buying is pretty good here. I like it. All right. Let's see it back up into 81. And then we're looking for the break of 81 here. Okay. There we go. Okay. They should be able to break it. That's good. See the distinction in the buying in here? Okay. Compared selling in here, buying in here, buying in here again. Looking for 83. And then 85 here. A bit of a pullback. Let's see them come right back in. Okay. Starting two. I don't want to see them down here though. I want to see them up here. This is what matters. Okay. We broke the structure of what we're back in the range here. Yet again, iceberg. Okay. We're getting up to almost 10,000 now. Wow. Okay. 78. We're over 10,000 now. Let's take a look at structure again. I'm waiting for this structure here to break. Let's take a look at our higher time frame. Yikes. All the way down to the swing here. Okay. Down to yesterday's action. Okay. Down below this swing here. Yeah. This is that area. This is the swing we're looking at yesterday here. Okay. We're down to it now again. Okay. Yeah. I'm looking for buyers down here. Like a higher time frame. This is a really good area that this is where we broke out from. Right. So yeah, we're going to get some profit taking in here. We should get our buyers in here now. Let's take a look. Okay. Here we go. All right. So they should be able to trade back up to 76 and three quarters. Yep. Buying looks good. Okay. I'm going to go back up here. I want to see it up into 79 and 80. I think they got it here. When we get these moves that are really kind of, and they continue and we can get these really, really strong reversal moves. It could still be in a downtrend, but you'll just see these really strong reversal moves back up into these areas here. Okay. And this is where you don't get your kind of nice bottoming pattern. Like in turning around, like it's filling liquidity, filling liquidity, filling liquidity, and then turns around. This is, you're going to get like a really strong move here, most likely. Most likely. Right. Now we know we've been tracking these icebergs all the way along. And here's more in here. Okay. And we're over 10,000. Okay. So we know the larger players are pretty well positioned. Okay. So we're just looking for our buyers now. We're looking for others to kind of clue into all of the absorption from the buy side here. Okay. So, and we're looking for pretty strong move out of some of these areas here. So this is a strong move to the downside here. Okay. So looking for it here. Okay. Coming back up. All right. Here we go. Let's see if we can get into this liquidity here. Might need to pull back still to 76 or 76 and three quarters. This is, it's crazy. I mean, it went 10 points below that gap fill. More than 10 points. Yeah. Here we go. Big green dot. This is what I'm looking for here. Let's see if we can get that into 81 and through it. All right. Let's see if we get our big green dot here. Yeah. I think we're getting ready to turn around here now. Maybe we can even start to draw in maybe some trend lines opposite direction. Yep. Looking for the pop through 81 on up to maybe our 85 and then 87 level. So, you know, we talked about this the other week about the larger players and in the, this is that day. In fact, let's, let's even, let's even rewind here the daily chart here. We saw this kind of similar thing. I mean, this was just amazing down here. Like those 34,000 or more icebergs getting filled. And that's just icebergs, not just there was limit by orders all the way down to into this area. And it just kept going, right? So, but we're, we're watching it and waiting and we're doing the same thing here. And we're looking at the larger players as well in here. And you can see how this works here. Larger players are a part of the puzzle. Hey, but the order flows just still, you know, taking it into the downside here. The trend was still down. We're just looking for the buyers to start to come in. And we're still looking for them. And it's still in a downtrend basically. Hey, but yeah, and we, if we do get these buyers in here, this should be a really nice move to the upside. And what I'm trying to, my point is, is these larger players getting filled in here, although it's still moving against them. It's starting to kind of turn the bigger ship around. Okay, look at, now we're starting to see buyers here, right? Now we're starting to break this swing here. Okay, so now we're looking for up into this other swing here at 83 to begin with. And then up into this kind of 85 and 87 level here. Okay, so when are the other sellers going to kind of look at this and go, yeah, you know, I think I'm ready to start buying. Or when are other buyers going to start to look at the and say like, yeah, I think I'm ready to start buying too. I think the, you know, the selling is finished here. Yeah, that's correct. On point. The overall widget counter here is over 10,000 of buying ice. Yeah, we've been watching the whole way down, starting here, starting back here. And you can see the climb, right? Really picked up in this little area here around that 90 area. All right, let's see the buyers move right back up to 81 looking for it. Okay, and then looking for the breakout at 81 at this point up into 83 and 85 here. Yeah, here we go. All right, they're pulling here at 81. So they should be able to move it up into like 83 ish up in here. The swing on the bid at higher levels here as well. Now let's see what was the reaction to some of this higher bidding in this area. We're actually finding some sellers here. So they're kind of interested in the bid still. Okay, when are they repelled by it? When are they repelled by this in here? Here's yet again another iceberg. 100 or so. 150. Okay, let's see it. Let's see it buyers. A lot of selling up here. This is where you don't want to see selling because you can get the buyers right above them here and then squeeze them. Okay, looking for a stop run now. A stop run to the upside, not to the downside. Okay, here we go. All right, big green clusters, what we're looking for. And then the move, 83, 85, 87. Let's see it. Should be able to do it. They should. They've kind of turned it around here. I think we've got the buyers on the side here. We've seen the icebergs all the way down. But people are starting to kind of clue in, I think, to it. All right, now we're just looking for follow-through. God, even more icebergs. They're just buying at the lows here again and again here. Well, that's at the high and then here, though. All right. All right. Let's see it again above this little area here. There they go. Looks good. Back up to 80, 81. Should get it. It's looking pretty good. They're up here. We got a P-shaped profile, which just means the majority of the trading is taking place up here. That's value. And we're looking for that value area to break and looking for buyers to extend it above that value area here. So looking for our buyers to take it back up to here. And then the break. Big T, could the 30-year be affecting the ES? Yeah, absolutely. I don't know what the 30 years is doing right now. That's a good point. When we see these kinds of moves, we're waiting for this unfold here forever. I mean, this entire webinar basically, it's a good point. We should look at some of these other markets here. Yeah, maybe we're not going to get it yet. Look at the NASDAQ selling off here. Well, when this starts to turn around, what about the... Well, it looks like this is already starting to turn around, the Russell. So this is good, right? Looking for the breakout here on the Russell on up into 2268 or maybe even 2270, the swing up here. Yeah, I'd be looking for that move in this Russell right now. So what about NASDAQ? It needs to get up here at this 212 area. And then we need to see the buying up here and then the break. But it's starting to do it. It's starting to kind of climb up here. We just need to see them up here. And once we get that, then we should get the break. Now, the S&P, same thing. So it's starting to climb up here. We're starting to see it. So they're starting to all kind of turn around. This is something I really like looking at is understanding the correlated markets. I think you can... And talk about value in auction market theory. That you're starting to look at other markets and their value. And it's all referential. Because you look at... If you look at any currency, it's always one compared to another. Any of the forex traders out there. So it's a reference. Yeah, let's take a look at... Is this Nasdaq starting to do it? Yeah, I mean the Nasdaq's poised. It's just poised to break right here. Up into... I like this kind of 225 area here. It looks like it could be a great, great breakout here. Looking for it. S&P should follow suit. We know the Russell's already kind of leading the market there. Let's see, another question. Why are the big green dots at the top of the move within the current range? And then price goes down inversely. Big red dots at the bottom. Or next leg up. Is this the current ES screen from 1106 timeframe? 1106. So in here you're talking about? Yeah, okay. Well, okay, so you get... 1106, sorry. Yeah, I mean, you know, the big green dots up here, but then we get, you know, we're down below that area here. I mean, you know, it's just a structural area, like we're looking at, we're looking at the volume within that area. Yeah, I mean, sometimes, I mean, you'll see this more in stocks. You could still get more buying and price can go down, basically. Because someone could be on the other side of absorbing it. It's a weird phenomena. It does look weird, but I mean, it's possible to do. That you'll get, you know, bigger green dots on the way down. Because someone's on the other side absorbing or, you know, there's liquidity there, but there's no liquidity on the bid. So it takes very little selling to go back down. So for example, we can look at low volume pullbacks. It's kind of a similar phenomena. Yeah, it is weird to see. I agree and it kind of kind of throws you off a little bit, but it's the, what was I going to say, is the, you know, understanding that there's not too much on the bid. That's where I was going to go with the low volume pullback. So it'll move back down and then it moves back up, but on very little volume. Okay, so, you know, we can take a look at some areas in here. There's a low volume pullback. So yeah, strong volume, okay, moving it away from these areas in here. And then look at the buying that came back here. So let's actually go through this and I'm going to, I hope we're not getting our breakout right now. I'd be upset because we've been waiting this whole time for it and I'm going to demo this. So let's take a look at this area in here and look at imbalance in terms of volume. Okay, so there's more selling in here. Even the move back up into this area here, there's more selling from here on down to here. And there's more selling even though price, you know, was able to come back up into this area is on lower volume. Now, it's not quite the same phenomenon, but you get the point, I think, that, you know, you get this massive selling moving it away and then it dries up and with not very much volume on the buy side, they can move it right back up into where it dropped from. Now, let's go back to this current market. I'm just really curious to see what the hell is going on here. I cannot believe this. Still rotating lower. Wow, I thought we really had it here. Really, really had it. Maybe this is kind of the bottom of the range here, but yeah, I thought we're looking pretty poise, especially when we have NASDAQ, but NASDAQ totally failed here. And what about Russell? Russell's, it's back down, but it's... All right, let's see if we get our buyers back up above this little breakdown here. It just looks odd here that it's going down like this and we're just seeing all this absorption and we still haven't turned around yet. Okay, so yeah, I'm looking forward to turn around. Let's look at our higher time frame. So we're just kind of bouncing around in this little area that we're looking at in that 15-minute chart right here and still just kind of bouncing around or the five-minute chart. All right, well, let's take a look at this five-minute chart and we'll end the webinar here. So this has not been a very good webinar. Sorry, guys. The, you know, this is why, like, you know, we're looking and trying to read this and be very objective about it. And the scenario is still kind of like... I mean, we're looking at the absorption. We're waiting and watching for these buyers to kind of turn around and come back in and we just see more and more selling pressure, but there's still more and more and more buying on the iceberg side. And, you know, we're just kind of waiting and watching. It just never has done it, didn't follow through on the higher time frame here on this move or on this scenario. Okay, I'm still waiting and watching for it here. Okay, it has been very informative, just tough market. Great webinar. Thank you. I really appreciate that. But no, the job is to read the order flow. And, you know, I mean, basically it's one scenario that we're kind of looking for here. And that's my fault. So my bad on that. I'm still waiting and watching for it. It's just a higher time frame kind of scenario here. I mean, this might be it. This could be it right here, right now. At 77, looking for these buyers and looking for the move back to 81 and then the break of 81 right here. But anyway, we'll see the distinction. You'll see it when it starts to turn around. I mean, it's just, you know, the whole... Everyone gets on board and you see that the move is quite strong. Yeah, end of the Santa Claus rally today. Yeah, yeah, potentially. Yeah, I mean, yesterday we were looking for an up day and it was down, but it was up at the end of the day. And God, I was waiting for that. And it did follow through. Okay, David, thank you. You're looking for the same thing and... Yeah, I mean, the market's always right. I mean, this is the thing. And this is what's so great about analyzing the order flow is like, the market's always right. So just go with the flow and look for those kind of keys into that flow becoming a higher probability move. So if I look back at my analysis here, I was starting to assume gap fills. You know, when are the buyers going to come in? We initially started the webinar looking for this area up in here and for the sellers to drop it. And then we're looking for the buyers starting to come in here and then we're looking for back up into these wicks up in here. We did get the move into... Well, it came back up into 05 or 06. But as Alan pointed out, this was actually point of control. So this is more responsive buying. This is the move, you know, to the away from value area. And Alan was right on that one. And then it was like, okay, well, in here, all right, they're going to drop it. Then we're looking for the gap fill. Okay, we did get that. And then I'm... From here all the way down, I've been looking for buyers. So... And, you know, I was assuming because of the gap fill on the higher timeframe. So looking at the structure in here. Now, I like this structure here from yesterday because this was kind of an important area here and we see wicks now here, right? So now we're starting to see our buyers come in, right? We got to get up here, though. It's got to get above this 81 level here. And it's got to be on strong buying. Then we can get the move back up into... The first one I'd be looking for is kind of what we said, 85 to 87. Okay, something like that. But up to 87 looks pretty good to me. And then if we can get back up above it, then we're looking for back up into this 95 area up here. Yeah, looking for them right here, right now, up into 81, right? We're above our little area here. We're seeing our buyers here, looking for them to go after this liquidity at 81. Okay, here we go. Let's see it. Come on, buyers. Step on it. I mean, they're still showing, you know, supply up here, but we're hanging out up here. So I think they were going to go for it and trade into it here, right? The reaction to this liquidity up in here really didn't sell off. So, you know, they're still interested in this liquidity here. The aggressors are interested in it. That's what we want to kind of determine is that context. Okay, what if we get on the bid here, high liquidity here, then we want to read that and see our sellers interested or does it repel sellers and we find buyers instead? Because right now they're down here, 75 and three quarters or so. Okay, where we broke out from right here. Okay, a little bit of a push here underneath would be really great to see, because I bet we're going to see a reaction to the upside if we get liquidity on the bid here. See, they're adding here on the offer, right, at 79. A little bit is coming in there. Is blue in there? See that? Okay, and we found some sellers. So, yeah, and here they come again. So, do we find buyers interested? Yeah, now they took them on here. That little area in here. Okay, great. All right, there we go. There's our push. All right, we should get our move here. Finally, we should get our move here, at least 81. And I'm looking for a really big break of this here. Back to 87 for starters. 85, 87. Here we go. Let's see it. And we don't want to see paltry little green dots in here. We want to see big green dots moving this market. Yeah, the European close as well. David, that's a good point. Really good point. It's been down all the way. Now, you know, European, that's a really good point. You know, we used to have these webinars that would start at 11. And the European close was always in there. It was always tricky. And then you get past that European close. And then you can actually start to, we saw a lot of movement, you know, around 1145 or 12 when the webinars were just ending and some follow-through in a trend or something after the European close. Okay, guys, we got through our 81 here. I'm still looking for 87 and 90, et cetera. Let's just kind of look at our icebergs of 10,000 from here on down. So, yeah, we can even like start to look at where, where would these larger players start to be in profit? Okay, likely they'll probably be in the profit up here around 90, probably around 90, to be honest. So, but we can start to look at some of these levels here. So 90 would be good. Also 95 or 96 up here would be really good. And then all the way back up to, yeah, this is where they started to come in. So around this kind of 05 area up here, right? So let's keep an eye out on those levels here. Now this is a higher time frame move, right, that we're looking for. Okay, starting to play out. So we're looking for first our 87 level here. Okay, so starting to come in. High liquidity here between 85 and 87, or I'm sorry, 82 and 87. I think they're going to get out of the way though. I think buyers are going to come in here pretty hard. But we need to wait, we need to watch and see here. Okay, do we get buyers back up here and then these guys, do they start to pull? Do they add more on the bid here? Yeah, here we go. All right, buyers, boom, looking for it. Big, big green dot here and to pull it up and through these areas. Okay, they're on the bid. See the blue underneath here, this is good. It's good to see that they're bidding up. Around this 80 level. Yeah, looking for it here. Stop run two. God, still stop runs to the downside here. We're looking for stop runs to the upside now. How's our NASDAQ doing? Okay, it's starting to turn around. Okay, that's good. How's our Russell? Russell just kind of does his own thing. Yeah, Russell pulled back but it's starting to kind of turn around as well. Looking for the Russell to come back up into 64. And our S&P is just, it's set up. It's all set up nicely here. Volume is starting to pick up. It's looking better. So this was a kind of a higher time frame look. Very similar, well, somewhat similar to the other day. I think it was the 20th when we saw that this moved down into this swing here. Strong down day, right? And we were looking for it below the swing. We thought maybe even this swing down here. And we just saw icebergs all the way down here. Just getting filled, getting filled, getting filled. So now you can see like our structure here broken and we see that some pretty strong buying coming in just by the size of the candle here. So we're looking for a continuation. This was a small pullback. We're looking for a continuation and the 87 level is our kind of first level. In the candlestick chart in the 5 minute 91 level up here looks pretty good also. Okay, that's where it dropped from over here earlier. So that's another one to look at. But that's the candlestick structure we are looking at 90. Here's our 91 up here, right? So yeah, it could be in there as well. We can mark that up horizontal line right there. Okay, all right, well, let's see if he's you know, everyone's kind of on the same page now looking for follow-through here. Like we were back over here and looking for follow-through on the upside here. Lots of icebergs on the way down. They're positioned. So we're looking for the market just kind of float back up into these areas here. All right, let's end the webinar at that guys. So yeah, keep an eye on this higher time trade here in the order flow and we'll look for some follow-through. And then JTrader will be in tomorrow. We'll go over the S&P for like the first 15 or 20 minutes before he gets in. And then we'll go through some of the details in stocks with JTrader. All right. Okay, yeah, thank you. Vindic. Tom B, he'll start on the 18th. Yeah, he'll be in on the 18th and it won't be in this room. It's going to be in his own room. You're welcome, David. Yeah, no problem. Yeah, looking forward to it guys. I mean, we're going to be building out our discord and you know, having multiple rooms, multiple streaming. I mean, this should be just heaven for you guys. All sorts of information you're going to get Tom and of course goes through volume profile and the S&P and you know, I go through a bit of that, but I try to be more flexible for all sorts of different traders. So pattern traders, you know, fib traders, candlestick traders, just general structure, et cetera, and volume profile. And that's why I was looking for that gap fill and then looking for a bounce out of that area and kept on going. But now I'm looking for buyers to take it right back to that gap fill area or you know, where it yeah, that gap fill area, where it filled it there. All right, we'll wrap it up. Thanks everybody and we will catch up tomorrow. Okay. Yep. All right, thanks Owen. Thanks, 8th Trader.