 Good afternoon everyone and welcome. This is Melissa Armo with the Stock Swoosh And I thought it would review the spy and I'm teaching the Trends class this week It's a class that I only teach a few times a year Actually, it might be the only time this year I've done it But it really reviews long-term trends in stock charts if you want to swing trade or do options trades or long-term investing It's a very important class It actually helps you become a much more proficient day trader if you can read a long-term trend But specifically I wanted to review the spy because I had the Golden Gap class this weekend and we were talking about this And I realized something that I actually had never realized before this weekend But my eye did my eye must have realized it because I can continue to call the market higher But not until I sat sat sat and looked did I realize what I saw? So first of all, let's look at the overall spy chart. What would you say? Well, the spy is bullish It's exactly what you would say the market is up and I just want to look at the spy because it's so strong now We've been up since the election What about prior to the election? In fact, let me go back here as long as I can go back so Here I just made this bigger. We had a dip down 2002 I wasn't trading then yet rallied up here. This is around a 152-ish level high in here was 156 something this was all the banking crisis 2007 2008 2009 we fell fell off a planet market was bearish then actually Then the market started to recover 2010 2011 okay, I'm looking at long-term here in the spy 2012 rally rally rally 2013 We made it over this area then when it looks like it was pretty much a spring 2013 all right, so this level here again is what around 156 ish remember supporter resistance or areas So you see it right here. This is the spy Look at the move that we've made since then so that was spring of 2013 We're in December 2017 One two three four five say we go into May 2018. Where do you think we'll be from there? I mean right now this second were hundred points from that number took us almost five years couple months less than five months shy of five years that It's taken us to run out the hundred points. Do you see that move? That is an incredible move people So the market is extremely extremely bullish Now many people think that the market cannot continue that we're topping and if you look at this I mean I can I can see what people are seeing when they're saying the markets extended. I get what people are saying I don't believe that because I use gaps to determine the trend in something I have a process for it, which is what I teach in the golden gap class and the trends class I see how people can say it's extended because we've gone really almost vertical straight up from this area here It's 2016 again October November through now one. It's more than a year a little bit more than a year I can see what people are saying. They're saying gosh, we're gonna pull back We're gonna have a deep deep pullback a 10% correction 5% correction possibly But what I'm saying is that number one we're gonna continue bullishly up number two Even if we pulled back quite significantly, which I'm not saying is gonna happen at all But I'm saying even if it does we are still extremely strong and we're headed to new highs yet again this week with tax reform Out there out there between now and the end of the year which Trump wanted to pass it before Christmas and a very well may happen So it's important when you're looking at something and I don't care if you're doing a day trade or an overnight But it is imperative if you're doing a never night to get it right because you don't get trapped in something against the trend But day trading it helps your day training helps your day training bias for the conviction For what you're doing all right for the aggressiveness in it or to hold something But for over nights you got to be able to read what's going on in trend And many people have a hard time figuring out number one the trend in something and number two a change in trend Which has not happened yet here in the market. So we'll see what happens going into the end of 2017 I'm very excited. I'm sure that I will be discussing this on television In the next coming two weeks, so we'll see where we go from here, but I will tell you right now 270 is very very possible before the end of 2017. It's really not that far away The previous high here. This was a couple days ago almost got to 268 I mean that's almost nothing for this market to move and again tax reform might pass in The next two weeks have a great day everyone if you're interested in the trends class It's coming up in a few days Tuesday December 19th If you're interested in the Golden Gap course email me at Melissa at the stockswish.com the next class is not until January 2018 however, you can sign up and register beforehand if you want to secure your spot. Thanks everybody and have a great week