 Hey, what's up guys? This is Alex from Xtrades back to you with another weekly traded ideas list of everybody at a wonderful Memorial Day weekend. It was extended, so we are going into markets next week with a shortened week, but that's okay. I hope you still enjoyed your weekend. Everybody needs to get their brains rested every once in a while and an extended weekend is good for that occasionally. If you're tuning in for the first time here, this is a technical analysis video. We do these weekly, we go straight into charts. I pick out individual tickers out of my list of 250 names that I go through every Sunday. I find anywhere from three to five that I like and we go over those and then we also go over the indexes, the US dollar and also the VIX. So we kind of just go over a broad analysis of individual tickers and the indexes. But before we get into all that, we're going to go ahead and get into the economic calendar here. We do have a couple of data sets this week. So Wednesday, you can see we do have the jolt's job openings. This is definitely going to be a market mover. Everybody's tuned into the labor market and they're waiting for something to change. Thursday, we also have ice and manufacturing PMIs. And then Friday, most important, we do have the unemployment rate and also the non-farm payrolls. This is arguably the biggest data set of the week. It always moves the market pretty extreme. So we're definitely going to need to be careful swinging positions. I mean, this is just a pretty huge event risk. And it can really destroy your position if you're, you know, in the wrong direction here. So you got to be really careful swinging through anything like this. So now that we've went over the economic calendar, let's go ahead and get into our setups for the week. So I do have three individual tickers to go over. I couldn't find five. I feel like it really wasn't too much that I was in awe about looking at. But I really do like these. So I just stuck to the three and I'll just keep watching, you know, the spy and the QQQ and probably keep watching Nvidia next week, too. It's just been going crazy, really good volume and great movement for day traders. But for our first one here, we're going into Oracle. So this is actually pulling into a 10634 major all-time high resistance. You can see here it hit back in December of 2021, topped out at 10634 and had a sharp reversal to the downside and pretty much sold off all of 2022. So now it has reached this astronomical level. I mean, this is a pretty big move. You can see year to date, this thing is up 26 percent and over a year, it's up 48 percent. So great movement, regardless of the downside that we had in 2022. It's actually had a pretty nice recovery and honestly, it looks pretty bullish. I mean, overall, but when we're looking at these, we're looking for short term moves, not really looking for anything long term. So for for the short term, we're pulling into this major resistance. You can see on the one day also, we have a really nice reversal candle here on the one day. It's got a very heavy top shadow wick, really nice upper shadow wick showing cell pressure and also kind of close with a nice little red close. Only down 0.20 on Friday. So really nothing crazy, but this is a pretty good reversal signal. As long as it can get under Friday's low on Monday, this could continue down and try to fill up that buy in bales candle here to the downside. But it does have to get under that Friday low. So it's important that it gets under that. Otherwise, I mean, this could, you know, just keep basing out here and it could go higher. So it's important that it gets under that level. It's kind of like a Palantir last week. It only got under the level very briefly and you would have had to take profit on puts very quickly and eventually just reclaim back over and had even more upside and squeeze the shorts. So same thing this week. You just want to see it get under that major level because if they can't get under the major level or at least under Friday's low, that's probably not going to signal a reversal. Another level you can watch here is this one of 307. This is a pretty important inflection point, had a nice little pullback. So if you can get under that too, that would probably signal an even better reversal. So it's important that it could get under that eventually as well. But for the short term, if you're day trading or something, Friday's low of 104. Oh, three is going to work as well. So you're 104. Oh, three short term signal, 103. Oh, seven is kind of more like a medium term, more of a sure thing reversal, if you can get back under that to fill up this buy in bales candle. So Oracle, I'm going to be looking at puts this week, pretty much like all the other weeks we looked at puts the last two weeks. I was looking at a majority of shorts. You had to be very quick, take profits fast and not underestimate the bulls. And given these VIX levels, VIX is back to being pretty low. It's not closed over 20. It hasn't really given the spy any reversal signal or really anything that's going to show that, you know, bears are coming back in full force. It's important that you take profit quick on puts. You respect the bulls and realize that the indexes are sort of an uptrend at the moment. So you do have to be careful with that. But there is short opportunities. You just have to be very quick. And me personally, why I'm not looking at very many longs to the upside at these kind of levels, tech is looking very overbought. And, you know, that kind of does come with some opportunity cost, right? I'm missing out on some money to the upside. But at the same time, after you've seen these things pan out so many times, you just you just know what's a good discount zone to buy out and what isn't. And, you know, it's OK if you do want to trade those big breakouts to the upside and chase it, because, you know, sometimes it does work. As long as you're managing risk and being smart, you can still make money to the upside, even at overextended levels. And NVIDIA is a perfect example of that. You just have to be super careful, realize that interest rates are still elevated. We still have inflation and we do still have macroeconomic factors that are showing risk in the system. So you have to be really careful buying at frothy levels like this, especially in tech. And just because you see price going up, it's not always a signal just to buy. Use your technicals and use your risk management. But Oracle here looking pretty good. Like I said, like for that move under one or four or three as a more short term signal to flush down to one or three. And then if one or three can break and get under one or three, that's a more medium term reversal signal. And it could take it a little bit lower. So Oracle here looking at puts. So next we're going into a controversial name. Actually, this is Target ticker symbol TGT had a little bit of backlash from more right leaning conservative political stances. They're not feeling good about the pride merch that Target was offering. Target eventually caved, I believe, and they started moving that stuff to the back. Maybe they realized that most of their demographic is, you know, probably not going to agree with that. But either way, not here to talk about politics. I could care less. We're here to talk about stocks. It's very oversold. It had a very heavy down. We can see this weekly candle up here. It was down almost 8.77 percent. So it's had a very sharp drop. And whether that was from trans merch, that's debatable. I have no clue. What I do know is that targets pulling into 137 16 here. Very major support. You got a bounce here. You also got a little bounce here from December 2022 of the general area. And then you have a straight up test here at 137 16 on this week. You candle, which I mean closed down 8.77 percent. So a big red weekly candle. So with this one, you are going to be looking to go a little bit more counter trend, at least I am because it's pulling into this major support. It looks like you got volume starting to peek out a little bit. This almost looks like kind of peak capitulation. People thrown in the towels. And usually when that happens, you can start seeing sharp reversals to the upside. And that could be institutional volume as well. Buying the dip in this daily candle. We never really know. Could be a mix of both. But what the volume is showing us is that it's very elevated, much higher than average. Last three sessions, you got a big one right here. Got a big one right here. Big one right here. Similar to this little period, we had a big volume burst here. And big volume burst here when it's closer to its earnings. So this volume could be from the controversy, could not be. It could just be weakness in the retail sector. It could be really could be anything. You know, people just rotating into tech, not caring about the retail sector, anything, you know, consumer staples or consumer discretionary related. But we do know that it's pulling into that 137.16. I showed you on the weekly chart, this will be the third time testing it. So I'm going to go ahead and look at calls on target. Even if it seems like, you know, it's getting a little bit of sell pressure, I do want to see it holding up a little bit better. I want to see a nice daily candle, pretty much closing above the support or some type of, you know, bullish hammer showing that it could, you know, signal reversal or reversal will probably be over Friday's high. It's probably going to be over like, you know, 14050 or so. Looks like that's 14048 is the precise Friday high. So if they can get over that, that would be good. But I feel like this could start bouncing to the upside. You got no supply until you get up here. I don't know if you guys are tuned in. I'm also made a new supply and demand crash course video that I dropped on Tuesday. If you haven't checked it out, go check it out on our X-Trade YouTube channel. It's pretty sick and it teaches you a bunch of different sequences for supply and demand zones. This would be a drop base drop zone and you got no supply candles. This is all sell imbalance. This is your imbalance to the upside that led to strong selling. So naturally price could try to gravitate back towards supply. You got only red candles here, which is indicating only really sell pressure to the downside. You got no base candles. So that could retrace pretty easily. Price usually likes to do that. Retrace the red candles. And once you get back to, you know, a bullish base candle that led to a sell imbalance, we'll start to see resistance about there. And that's that drop base drop zone. So that's really the only resistance I'm seeing on target. So that'll probably be, you know, an eventual price target. And that makes for this little low right here to 15087. You can see it had a low here bounce there. Also kind of try to do that right here as well. So the 150 here is probably just like a psychological level that I'm guessing price could start to head back up towards assuming that it can hold up this 13716 target looking at calls, risk off, stop loss, obviously below 13716. The daily candle closed under that. It could take it lower. So make sure you watch that carefully. And like the price target, I mean, you don't have to shoot all the way up here. If you're just doing day trades, keep it conservative. That's going to be anywhere from, you know, 140s to 142. If you're doing like a swing trade, then, you know, the supply target and this previous support could be a good price target back up to, you know, the 150s. But that's for, you know, for, you know, if you got a couple of weeks or a month or so to deal with any, you know, movement, because it's not just going to jump up there in a day or two. Target's kind of a slow mover. So you do need an event to kind of move it like that in a day or two. So it's all meant by that target here, looking at calls. And next wrote into bonds. This is arguably one of my favorite things to trade, just because the bond volatility ever since 2022 has just been so great. And usually bond volatility is not really all that high. It's actually a very slow moving security, you know, especially US Treasuries. They're not there to, you know, give you rapid growth or anything. But this TLT name has just been amazing to trade ever since 2022 and ever since the Federal Reserve started raising interest rates. You just see volatility everywhere and bonds are moving, you know, much higher than usual. You know, their ranges are wider. The volatility is bigger. If you pay attention to the move index, which is an index that tracks bond volatility, move index is at very elevated levels. So it makes bonds good to trade and as well, it's kind of like a it can act as like a hedge to like if you want to move to trade something other than equities or stocks, this is great to come to. And you know, their correlation is very on and off. Sometimes bonds will inverse stocks. Sometimes they move together 2022. Bonds and stocks sold off together. So they had a positive correlation. Now they're starting to get that inverse correlation back again, kind of getting some evidence of that. So when stocks are going up, bonds are going down and when bonds are going up, stocks are going down. But for TOT here, you can see pretty much got a massive drop based rally one week demand zone. So it's bounced from this prior. I had a really nice bounce here. I think I actually traded off this area back in February. So doing the same thing again, looking for a bounce off demand, ideal price target, you know, maximum I could put us at the downtrend line, you know, could get up to here. Not sure how long that will take. Like I said, bonds can be very slow movers. You don't want to expect that to hit in a week or a day or anything like that. Bonds are a little bit slower, but sometimes they do get, you know, bigger volatility lately, like I said earlier. And hopefully, honestly, if the bonds can bounce here, I'm hoping that would bring down stocks a little bit because I have some puts for July and QQQ. And I'll kind of go into that once we get on to the indexes for analysis. But hoping you know if the bonds can bounce and the dollar can also bounce, you know, that could start to bring stocks a little bit lower because they're looking a little bit overextended or at least just tech other sectors, you know, their their breadth is pretty low, pretty weak. A lot of sectors are kind of cheap still and they look pretty good to, you know, buy further out. But tech looking insane. I mean, it's just looking like a bubble, at least a short-term one. So you got to be careful with tech right now at these levels. And, you know, that could come with some opportunity cost. You might miss out on some money, but at least you're not chasing the top. TLT here, looking at calls, maximum price target, that downtrend line, you maybe even go conservative, you know, 102 if you're just trying to catch a short-term trade, or, you know, maybe the daily 200 SMA, which is going to meet right with the downtrend line on the daily timeframe. That's where TLT looking at calls. All right, and on to the indexes. First, we're going to go into the spot. So you could see it's back over that for 1831. This has pretty much been a resistance area of focus. You've wanted to see price stay over this and make a base off that. It actually only made a base of it for a day or two and then fell back below. But what it did was pull into this uptrend line that you see right here. I can even get rid of this real quick. So you can see this uptrend line. You got test one, you got test two, it came down for a test three. It actually broke very briefly, but it was a nice kind of like a little rally base rally demand zone here. We marked this demand zone candle. So I was able to bounce off that demand and also reclaim onto the trend line. So once you got a close right here on this specific candle, that gave a signal that the uptrend line is still holding and it would likely go higher. So now we do have a new supply. You got a rally based drop supply and it really didn't react off of it too much. It reacted off the high point of it around 420. According to this little wake right here, it's small resistance, nothing major. So that's pretty much the area of focus this week. If it can get over that supply maximum, you know, I can put it up to this pretty much this little trend line resistance, I even zoom out a little bit. So if I can get over that supply, you know, it could get up to, you know, like 422 or so. The 422 is going to be right with, you know, the trend line resistance and I would need to see it get out of the trend line resistance to the upside before putting it any higher. So you're going to imagine really not the best spot to buy the spy for a swing train, you know, it's literally right at resistance. It's right at supply and you only have a couple dollars or so before it starts hitting this trend line resistance, which naturally rejected right here for a test three. So a test four, you know, it could be a little bit weaker, maybe won't pull back as hard, but you still do have to factor that in. Why would you want to buy calls at 420 if you only need to get $2 to the upside on the swing trade? So that's just something you got to keep in mind. And at the same time, I would want to buy puts here. You have no reversal candle on the spy. I don't think we're at any major resistance or any major resistance or anything. It's kind of just doing its thing, writing the uptrend line. I really like the QQQ better for puts pulling into a major fib resistance, which we'll get into next, but the spy kind of just daggin. And I feel like the market breadth is what's doing that. A lot of sectors below their 20 day moving average and tech being the highest amount of stocks about their 20 day moving average at 76%. So 76% of tech stocks are above their 20 day moving average. And that indicates positive market breadth. A lot of other sectors are 30% or below. So very low all in all that gives you pretty weak market breadth. And if tech pulls back, I mean, this thing is going to pull back pretty heavy as well. So tech's kind of the only thing holding us up according to market breadth. You'd have to be very careful with that. But if you're looking for a signal here, like I said, short term trade, if I can get over supply, it's going to be over, you know, 421 or so, you could, you know, quickly trade the breakout to the upside. Otherwise, I mean, wait for resistance to get formed, wait for it to get back under 418 31. And you could look at shorts again, because look what happened when it went back under 418 31 right here. Really nice flush to the downside for about two days, nothing major, but this, this paid pretty good. You got a down 1% day here and another almost 1% day right here, just from falling under 418 31. And you're 418 31 just originates from this area over here. So if it falls back under that, you're going to assume price will probably start to pick up heavy selling again, it probably end, you know, right when it gets to the uptrend line, unless they closed under it. So that's for the spy going to need a little bit more data on this one really doesn't look that appealing for anything yet. You could argue it's forming a rising wedge of some sort, but it's unconfirmed, a bearish rising wedge is only confirmed when it breaks the uptrend line. So you need to break the uptrend line. And then you got your wedge confirmed. That's for the spy. I just need a little bit more from it. And next we're going into the NASDAQ. So this is the QQQ ETF tracks the NASDAQ and ETF form. So this is actually pulling into a major 61.8% Fibonacci resistance. And if you don't know, the 61.8 is called the golden ratio. So the golden ratio is a major bounce zone, or it's a major rejection zone. And that's going to depend on if you're doing a downmeasure like this. So this is a downmeasure of this downtrend. And these fibs can act as resistance. If you're doing an upmeasure, you're going from low to high. And then you're measuring an uptrend. So this is a quicker explanation. I'll even show you an example here. So for if we're doing a downmeasure of a downtrend, you start from high point, you go down to the low point. So you got your major high, major low, and that pretty much measures out your ratios. You got a 23.6 here. So you can assume once they got the 23.6 that this stock is, you know, retraced 23.6 percent of its move, retraced 38.2% of its move, retraced 50% of its move, retraced 61.8, and so on so forth. And that's how you measure a downmeasure for Fibonacci retracement. So the golden zone is actually pretty much the most sought after ratio, I would say for most traders. It also gets the best trading opportunities in my personal experience. So I'll give you some examples of why this is a past chart of FXI, which is a I shares China large cap ETF. You can see that the 61.8 year heavy pullback, really nice pullback before bouncing off the 50. And this is also a downmeasure, just like I showed you on QQQ there. And another one, you got another downmeasure here on HYG. This is pretty much tracking high yield corporate bonds. And you can see we have a downmeasure here. You got a high point down to low point and a 61.8% rejection. So when you're doing a downmeasure, usually looking for rejections, you can look for it to make support off them too. But I'm usually looking for a 61.8% rejection. They just work very well. And it could just be mass psychology, it could just be everybody looking for the same thing. And that kind of like a self fulfilling prophecy. And it just brings in volume and brings in algorithms and brings in other traders all looking for the same thing. And that causes cell pressure. Who knows? All they know is that it works. So I just wanted to show you some receipts on a 61.8% downmeasure and why it could be a good trade. So for QQQ here, we have the same thing. Only thing that we're looking for really, we're looking for some type of reaction candle, right? We're looking for a nice red candle, you know, maybe a nice red candle with the upper shadow wake, it can even be a green candle with the upper shadow wake, you know, pretty much showing that it's rejecting off the 61.8. And then obviously your first price target, if you're just trading straight Fibonacci is, you know, just when it gets back down to the 50%, you probably look for a balance about there. And this previous price action from 2022 right here, where this rejection is, what kind of proved that? That's probably where try to hold up if it rejected. Though pretty much your 61.8 to 50%, it's anywhere from 350, you know, down to 330 or so. That's pretty much your trading range on this higher timeframe, Fibonacci retracement. So I just want to show you that on the higher timeframes for the shorter timeframes, you can see we do have a gap here. I feel like eventually that's going to try to get filled. So you got your gap right there. We do have a very short term resistance here at 3 38 67 that comes from this little rejection here for demand zones. You do have a rally based rally zone right here. That's your demand zone right there. You got rally based rally really nice zone. And then also pretty much its breakout point was this 321 60s. And that's that pretty much three time rejection area. You got a rejection here. You got a rejection here and a rejection here. And once it was able to break out of that really nice run to the upside, that's pretty much your levels of focus. I feel like if it can reject the 61.8, you know, it could head down to this 3 38 67 so that it's that short term resistance. If it gets under that that takes you into the gap fill and also into the 50 percent. So that's pretty much my area of focus is part of the maximum. I get put it if it were to pull back. And I don't think this is going to happen this week or really, you know, within any one week timeframe. It's just that's a pretty crazy move. I mean, I have to retrace this whole candle. I have to retrace this candle, fill the gap and then get down to the 50 percent. And that's, you know, that would take pretty big event, you know, such as like the FOMC or maybe, you know, the non farm payrolls can do that, but we'll need a little bit more. But this is my current, you know, pretty much range of focus just the 61.8 at 350 down to the 50 percent about 330 years up. And that's probably going to be the only area I'm watching for a little bit. If they can break out of that, obviously, that could take us a little bit higher. But right now for QQQ, you're pretty much just waiting on a rejection candle of some sort of the 61.8. And that's really it. I don't want to buy calls up here. It just looks ridiculous. Maybe if you can get over the 61.8, make a base off that, it could go higher. But I probably still wouldn't buy calls right there just because it's way too extended. I'm looking to buy calls that back tests of resistance at demand down here. So this would be a good buy zone, maybe even this 330 area out to 50 percent. That could be a good buy zone for upside, but stuff like this, I just don't do, especially when the Fed is, you know, keep an interest rates higher and there's a lot of macro risks on the horizon. So you're just going to be careful. These breakouts, they just don't last very long. At least they haven't lately. So it's all meant by that. But QQQ just waiting for that rejection candle. Otherwise, you know, sit around and wait, let something form, look for that rejection candle, then maybe you can enter. I'm already in. I wanted that exposure just in case this rejection is quick. And I started out with one contract for July. So that's for the QQQ. Like I said, wait for the rejection. If you want to enter here, just start small. And next we're going to be the IWM. So we've pretty much been focused on this downtrend. Finally broke out of that maximum. I could put us was at the 17926 or the 200 SMA. You can see exactly why once I got up to the 200 SMA really hard rejection. Naturally, it's going to reject off that short term. And I said, if you want to get along on this, you really need to see that signal over the 200 SMA and also an actual break over 17926. And you could, I mean, this is just proving why I need to see that because imagine if you took it, you would have got a false breakout here, even though it went up to, you know, 180 plus at a false breakout ended up closing back under 17926 and went lower. So you would have gotten screwed if you try to buy this breakout. So it's important to wait for those one day candle closes. You want to see it over the level. We want to see strength closing over a weakness level. And your weakness level is 17926. You get a rejection here, you get a rejection here, get a rejection here, got a rejection here. And now you do have a 200 SMA rejection as well. And that's probably just from everybody seeing it tap the daily 200 SMA, algorithm see it, Wall Street sees it, they start selling. So it's actually holding up this base pretty good. Looks like you have a small little demand zone, nothing of crazy imbalance or anything. But it didn't make a base here and went higher and kind of made like a little higher high over this structure at 176. It's kind of like a rally base rally. You can see it had a gap up right here, made a base and then higher high rally to the upside over the structure. So it's kind of like a rally based rally. I'm guessing that's why I bounced off right here. So naturally, I feel like this could go a little bit higher and I probably retest 17926 for upside as the maximum I could put it. I just don't know what it's going to do up there. Likely it's going to reject or at least try to your short term. So that's why you can only put it that far. But it looks pretty good for upside. It looks like it's just going to repeat same thing it was doing before. Obviously regional banks in the banking sector is going to need to come up a little bit more and IWM will move with it. But I don't really see any, you know, downside on this. Usually the downside you're looking for it once it gets up to resistance and then you sell once he gets, you know, closer to the basis or support. And then, you know, pretty much repeat. You can buy calls down here, you know, 170, 168, anywhere that's had a repetitive bounce has worked in this range. So now you can see it's mid range, but you do have a nice confirmation candle here, close up one percent or so. And it looks like it could head back up into regular resistance where it's rejected, you know, four, five, six times. That's for the IWM. Looks like it'll get a little bit higher here. And next, we're going into the DXY. So it looks like it finally got over 103. We're looking for it to get over 103, make a base off one of 103. And then in order to go higher, it was able to do that actually pulled back straight into 103, made a base right off of it and marched higher. And it's pretty much been going up since Monday. The only thing that's very odd about this dollar move is that equities are not going down with it. So we're not really seeing any negative correlation from the dollar going up. We're not really seeing any reaction from it, you know, pulling back either. Equities are kind of just doing their own thing. Currencies are doing their own thing. But eventually, these signals do start to pan out and they do start to worry people. So I feel like the dollar would maybe have to get up to 105, 63. That's going to be this rejection area here, rejection area here. If they got up to there, that kind of does start bringing in a little bit of worry. And I feel like that's going to depend on data. So you do need, you know, more of an extreme data set, you know, showing some type of reason to be scared or really any reason to be surprised. I feel like the market is just pretty much pricing an AI hype and all the macroeconomic risks are priced in and nobody cares. And that's why you're not really seeing any reaction, you know, from equities to the currencies, even though the dollar is going straight up here, just not affecting the spy and it's not affecting tech. So I feel like that 105, 63, you know, if it can get up there that could start, you know, worrying people a little bit, it really just depends. I have no idea. But, you know, when it did get up here, markets were starting to see more extreme swings, I remember. So you got March 23 here and you got January 23 here, markets definitely had much more volatility once they got up here. So I feel like it doesn't need to get up there, maybe I want to see how it trades up there. It's really not doing or reacting to anything at these levels, even though it broke out really great support, hold really great signal for the breakout. Honestly, this would have been a short signal on the spy all week, you know, all day, any day of the week in the past. But right now it's just not working. So you need to see a little bit more from currencies and bonds and also see a signal on the VIX as well. You can see, you know, the VIX back at 1745 is kind of pathetic. I got up to 20 and it just wasn't able to break out of that. So but it looks like the dollar does have a little bit more room. It looks like there's a small rejection point here at 10510. And that comes from this big Polish candle here. We had a strong rejection and then that straight goes into 10563. So it looks like it could have a little bit more upside, something that's base holds. And I probably, you know, maximum put it right there if it does go any higher. It has had a pretty extended move here. You got the K to J crossing down as well. So it's kind of starting to slow momentum a little bit. But either way, we're just not reacting to the dollar. So, you know, maybe we need to see you get up to these levels and we can see a little bit more from the market. All right. And next we're going into the VIX. So pretty much the same 20 psychological level we've been focused on for months. We finally tested it again. It's actually 2008. And the reason why it's 2008 is because 2008 comes from over here. You got a rejection here. You got a rejection here. You got a rejection here, rejection here. So you got looks like five rejections just from this area. You also have a close at 2008 that led to rejection and another close that happened last week that, you know, slightly under 2008 but led to a rejection. So you can see why the 20 area is just important. It has to we have to see a close over 20 in order to start seeing people pricing in, you know, more fear into the market. You know, once we see it get over 20, that means people are paying higher insurance to have protection. And that's a good signal for bears. We're just not getting it because every time we get up to 2008 here, ever since March, it's just not happening. Another short term signal I've had, I think we were focused on it getting over, you know, 18 or so. Maybe it's like 1811 or something. Looks like I got 1831 here. That's coming from this little rejections right here. Need to get over that short term in order to take it up to 20. I said that would be a short term signal for volatility. And that's pretty much what it did. It got a close over 1811 right here or 1831. And then in one day straight up to 20, it just wasn't able to close over that 20. So you can see why it's important to be close over that 20. So same thing as last week. I mean, it looks like where did we close last week? So last Friday, we had to close at 1683. That's how many to close at 1745. So just close a little bit higher than last Friday. But either way has to get over that 20. Otherwise, I'm not going to get overly bearish on the spy. So we need to see that signal over that as well. I feel like it could have a little bit more room to fall. You can see the support is actually down here. So it's going to be, you know, around $16 or not $16 around 16 or so. And that's your support. So I feel like it could fall a little bit lower and probably try to hold up about there. It is mid range and there's really no signal on it right now. If it was to get back over 1831 again and it closed, like I said, I feel like that would just repeat, take it back to 20 and we keep seeing the same thing over and over. So we're doing it to see either it closed over 1831 for a signal for volatility short term and then see it close over 20 and for a more medium term volatility signal. And for the bulls, you're going to see the market go higher. You're going to see it just fall straight into the 16 support and also break under that. And there's a low point of 1553 as well. So the VIX would need to break under 1553. That's a pretty much a major line in the sand. If it can get under 1553, that's pretty much volatility death and the market can march higher. So you just see a little bit more from the VIX. Just going to be looking for that signal over 1831 short term also a signal over 20. And also, you know, just make sure it stays under that if you want to see the market go higher. I'm personally looking for volatility to come back. So I want to see those signals over 1831 and 2008 in order to take the market lower. So that's the video guys. Hope you guys enjoyed. Make sure you like, comment and subscribe to our Xtrees YouTube channel. I'm going to get this chopped up edited and sent out. I love you guys and I'm out.