 Good afternoon everyone and welcome. This is Melissa Arma with the stocks. What should I wanted to review the spy and Here we have it a beautiful Gap up another Beautiful bullish gap in the market. We have had three bullish gaps in the last three days of the market We have a hundred percent retraced the drop-off that happened the sell-off that happened Friday of last week and Monday of this week And we did it in no time flat and literally we flipped completely. In fact, I am breathing We're even up here after hours. I think a little bit. Well, let's just say we closed it to a 950. No, we're down a little bit Here we were up it 53 433 So this is terrific. I don't know how we start off July tomorrow's July 1st, but I know that this is absolutely Exactly what the market needed to do the market needed to recover from that drop-off very quickly And I knew it when I saw Monday not not Friday Friday was really a neutral day the way I looked at it Now we were bearish we were bearish in the day we gap down But the way we traded on the day because we rallied up huge and then fell into the close was really neutral But the gap down in Monday. I mean that was there was selling that happened I mean I looked at I said well, that's what see what happens and over the weekend I said this is going to be a very Interesting week for the market. In fact, I said this is going to be a big week for the market I said that over the weekend after the gap down that happened on Friday after the sell-off is it's going to be a big week For the market. What did we do? Let's just look at the week because I don't think tomorrow brings really necessarily anything It's going to be a light training day and low volume and a day for people to take off trading right before the holiday of July 4th, but It was a big week for the market. We retrace The gap we retraced it It was it's almost as if it didn't even happen Because it's really so as if it didn't even happen because we closed this is Thursday night I just listen here. This is before the Brexit vote came out, which was not as as expected Okay, we closed that night at 210 81 Where are we today in the clothes? Well, let's just look at the high 219 57. Okay. Look at this This is amazing. It's like a dollar fifty difference, which is next to nothing in the spy So we it's it's really almost like it didn't even happen except for except for people Panicked and sold people panicked and sold in these two days And there were triggers that were hit because we came on a fell under 205 and 200 is Because really we're done at 198 65 here in Monday at one point below. I Didn't want to see us get anywhere near this number in here This number in here was very important for the spy and I really didn't want to see us I really really really didn't want to see us completely retracing here Just didn't want to see it and we didn't do it So the bottom line is that we are set to make the brand new all-time high if we get over to 1378 that was the last number it was more than a year ago now You know, I thought we'd do it here Of course, no one could expect that this would have happened here with the Brexit vote So, you know in the market looks higher. That's the best prediction that I can give This activity in the last three days is extremely bullish to gap up and hold every day in the last three days It was a gaping up that made the buying come in Rallied gapping up here and buying came in rallied gapping up here and buying came in that rally Huge big bullish gaps with big rallies. It's fine. This is institutional buying. I know the day this happened here I talked about in the room I said the only way we're gonna get up and out of this the only way is with a gap up and and and buying and real buying and I said beware that institutional money will come in at any time and Buy the market up if it wants to support it and that is exactly what happened Not just in the live day in the last three days But in the gaps too and I kind of joked and said, you know banks rule the world meaning that the banks are in the market long So if they want to support it after the drop-off, then they will buy back in that's exactly what happened So a beautiful bullish week after all for the market despite the drop-off and Friday and Monday Because this really was selling that happened on Monday I mean it was and then we could have just fallen off the planet We could have the only way we're gonna get out of it is a gap up which happened here on Tuesday and Then a beautiful gap up here and Wednesday Follow-through and another beautiful gap up on Thursday more follow-through I mean what more could you ask for from the market in fact? Let's just look at the rally of the move and from the low on Monday morning This is the movie the market had them buying that committed to the market this week And just listen to what I'm saying the low here on Monday was one ninety eight sixty five High was two oh nine fifty seven. Let's just be 100 percent exact Well, let's take the close. What did I say the clothes was two one nine fifty And this is just Monday through Thursday. Let's just be 100% exact here The market ran up ten dollars and eighty five cents and the last From really the low on Monday See the time that was set until the closed today. One was the low on Monday hit. Let me just see the time That's a big. That's a big move That's a big move after that drop-off to happen people 315 we retested the low so from 315 close 45 minutes into the close of Monday night So basically 45 minutes into the close of Monday and then after hours Monday night Into Tuesday Tuesday Wednesday Thursday into the close the market rallied up almost 11 dollars So really really really nice move here in the market just a show of strength an incredible show of strength and so You know as everyone knows I prefer to short I like to shore but I'm very good at reading things in the correct Direction whether they be long or shorts and the case of the market. I have not seen this market be a short I've never seen this market be assured me over a longer-term trend. So look for follow-through here I don't think we've looked seen much of anything activity tomorrow We'll see how the week of the month starts out really in July the first full week next week Actually, we're closed Monday, so it'll be Tuesday Tuesday Wednesday Thursday Friday next week We'll see what the market does and we'll see you know when exactly we're gonna get over this high I I don't know if it's in July or not. I hope that it is it looks like it's going to attempt it when I talked about it here Before I said, you know what if we get back over anywhere near this area after this after this pull in here We're gonna we're gonna get over it I really don't think we get back up here and not get over this area In other words, we could get up over this area retest it pull back in again slush slush around I don't think it's gonna happen. I think we get back up here We're going right on over it right on over it and look for the short squeeze to happen over some of these bigger numbers and some people shorted the market Friday into Monday and even a Monday probably into the clothes thinking follow-through lower and there are people short this market But I haven't I haven't seen this much buying Let's just look if there's even anything remotely like the last three days if I can just let's just go back the last two years Because I can't remember my mind seeing something like the last two years. This is kind of close Well, no, it's not because it was a gap down. No, that doesn't even count Well, this could kind of be something like it and actually This was close to where we hit up over the high. This is when we hit up over the high in 2014 Got up almost to 213. It was a big day here a gap up and a big move in this day and this was a gap up Here this is no, this isn't even as good as what we saw the last three days Let me just let's just go back. Let's go back five years. I Just want to try to see if I can find any bullish activity in a three-day span that looks anywhere near like what we just saw Maybe This is February 2014 sort of again really not as bullish as what we just saw That's the closest thing I can see This is a very bullish move in the market to have this week after that drop-off. It's not just it's not just the fact that it dropped off It's it's the fact it's it's two things one bullish activity Even if we hide and dropped off we just if we had acted like we did the last three days That would have been considered bullish no matter what but after the fall-off to recover like that Extremely bullish people. I mean that is a feat of strength. I've ever seen one Activity in the last three days is the most bullish I've seen in them. I've seen yep 2009. Wow So there it is people. It's I just went back in the chart trying to see something that even remotely Coincided with the kind of bullish activity we saw in the last three days, and there's nothing nothing going back to 2010 at least So the market's higher. This is this is real money. It came in and bought it It's continuing to buy it all up through so as I've been predicting the market is gonna hold the uptrend follow through higher and We'll see where we go. Have a great holiday weekend everyone Email me at molestathestockswitch.com if you'd like to sign up for the Golden Gap class and have a great day everyone You