 Good afternoon everyone, this is Melissa with the stockswish.com and welcome, welcome to spy review. I did a review, I don't remember what day it was, a couple days ago I did a review of the market and now I'm doing it again today and I think it's important to do it today because I think this move in the market is very important today because it was hard to call and I called it right, I'm so proud of myself actually while this is happening live time, the next target for the market here at the spy is 17750 but it's too early here and I don't think we hold it, let's just look at this right now. 17750, 17730, 17725 and 177 because we just break a new low here before 12 o'clock I actually think we're coming in and going to have a crazy, crazy red day today bigger than a Friday. I actually use a possibility, a possibility I'm throwing it out there that the dream, dream, dream, dream target short for the market today is 175. I don't think that this breaks here today but I think the market has a crazy target to the downside today and I actually called it this morning at 8 a.m., it was a great call, boy am I reading things really here, 17750 so let's go over it because I'm sure a lot of people thought the market was going to hold in here today but it wasn't. Trainers were trying to buy the market today, let's go all the way back to the morning. Here's the open, market broke immediately, came on down, came on down in here and then rallied hard over the high, this is a large green bar and so I'm sure some people bought if not in here and here and the market went over the high and if you didn't have conviction and read the chart properly you bought this or thought it was going to hold even though it went over the high I still kept the bearish bias. I was watching, I was waiting, I was seeing, I was looking, I was seeing wait a minute is this not going to do what I think it's going to do today but then it did and the other thing I said this morning was that it was going to be choppy, choppy, choppy between 9.30 and 10 and that the market and all the short setups today were going to be late, late, late, late and that was right too. That was right too. So anyways here was a break but not enough, came down in here and then guess what it did? Market did a lower, did a higher high here, then a lower high here and then another lower high here so I'm sure the traders bought this this morning thinking that this market was going to hold and rally and retrace some of the bar back from Friday but that's not how I read it, that's not how I saw it even though we went over the high, even though we were green, we're actually green for a solid, solid half an hour today or thereabouts and the spy did not break the low Friday until, it's like 10.15, yeah, it was like into the 10.15 reversal time but I knew what it did, I knew it would and I knew what it did, the target was big, target was $2 and it's almost there, I mean it's getting there right now into the 12 o'clock major reversal time. So really the realistic target today were there, I mean we're there but do we go further? I actually think we do because this is people now, people are taking profits that were up money in this bullish market, number one and there were two short sub-started command, I said that from the bar from Friday and this is just one of these things where remember shorts, this is why I love shorts, I just love shorts because when the short action starts to come in, sometimes it can take over and can come very fast, very, very fast. So I'm taking it each day as it comes, didn't know how we'd open this morning, last, you know, over the weekend but then when I got up this morning and I saw where we were gapping, I called us bearish, I said, geez, we're gonna have a bearish day today, we're heavy, we're actually gonna trade lower, we actually have a pretty, pretty good target here but I knew it'd be choppy, I knew it'd be chopping to set up, I knew people would try to buy it, oh my goodness, look at this, it was a great call, great call, I made it to the market and so, so hard, it was hard because the spy made a new hide, it was hard because it happened late, it was hard because it was such a big, big day on Friday, no one, no one thinks we're gonna have a day like this after the fact but that's not the case, you have to read the overall chart, you have to read the price, you have to read what's happening, you can't just say, oh, we're coming in and supporting and we're gonna buy it, no, no, you can't just say we had a big red bar, we're not gonna have another one, no, no, it's crazy, so here we are, 12 o'clock, major reversal time into the first number, right in here and 175 could have actually happened today and that would be ugly and then I'd have to see where we are tomorrow, I mean, every day I'm getting up and I'm just looking and reading the market and live real time, so the people in my training room were really taking advantage of my calls here because it's been choppy and hard to call this and trade it if you are not in a good trading room, if you're not in a trading room or you're not with somebody that's your mentor or running a room that knows how to reprice or charts the way I do, this has not been an easy read, I mean, it's not, you've gotta be good to be a trader, you've got to be good, you have to know how to read so you have to know how to reprice, you have to know how to read it, we don't go green today, we will close rent today either looking exactly like this or worse, so it's too early, it's just too early, it's too early in the day here, we're not going to recover from this and as the day goes on, the selling comes in, the selling comes in, the shorts come in, the selling's come in, the shorts come in, we're still in an uptrend now, I'll tell you that and I'm gonna really, really, really just have to play it out here this week and we'll see but for now, the market is still in the bullish uptrend, overall in the bigger term timeframe but for the short term, today I called the market bearish for the intraday short term, Friday I called the market bearish to the short term day, you know short term intraday, you got to when you're a day trader look at things and the overall bigger picture and then on the day because you're trading you want to make money on the day and today I said long was not the play today, short was the play today, short was the play today but a late play and choppy and that's what it was, you had to be patient, you had to have conviction, you have to have conviction when you trade and honestly if you don't have anything good to do, you don't do anything on the day and you don't have conviction and then you learn how to get it, you learn how to get it, you learn to have a strategy that gets you what the answers are, what are the answers, reading the chart right, it's all about reading the chart right, this market was not a buy today, it wasn't a buy Friday and people were trying to buy it, uh-uh-uh, 77.75, no, that's, let me keep going. So we'll see what really happens here but this is very bearish, market is bearish, market's continuing, the bearishness from Friday, very, very challenging call this morning but I made it and it was really good, here we go, here we go, 177.50, my Lanta, I mean we seriously, I mean this is a dream target to say 175 but I'm putting it out there because it's too early now, it's coming in, this is real, we can actually have a bigger bar than we did on Friday, let me just see here, look at this, 450, yeah, because we might actually have a larger red bar today and a bigger sell off today than we did on Friday, boy it is fun to show it, people ask me why do you like to show it, here, look at the market, this is a great example, all you do is just press the button short and everything's falling from the sky, that's why it's fun, just sit and watch yourself make money today if you know what to do and how to take trades, not everybody does but if you read this here, I mean actually where did I call this here today, crazy, must have called them in two minutes, it was around 30 something, I called it, here, it was 34 by 55, 34 by 55 and then it had an out of the five minute, market's gone a dollar, it's crazy, market's gone a dollar, almost $2, what are we gonna add to, 66, $1.70 from that, that's a huge trade, queues are beautiful too, actually the spy was really challenging today to read and call on this because the queues were, the queues were much cleaner, the queues set up much cleaner but I said all morning the spy had a bigger target, spy had a bigger target and has a bigger target but the queues did set up cleaner but the spy is underway now, you gotta be short in this market if you wanna make money trading today as a day trader and if you're in Corlongs, you should have taken probably some profits out in here back last week or even on Friday, okay, earlier, early rather than later but this morning if you didn't, the thing to do is to get out and I just saw this fall happening here, look at this, 175 is the target for the spy today, I know that sounds crazy but it's 100% realistic so we'll see what happens here, beautiful, beautiful, beautiful red bars falling bears. This is Melissa with the stockswush.com, if you're interested in information on how to read gaps, how to read price, how to read charts, then feel free to give me a call or email me, my email is Melissa at the stockswush.com doing the next gap class February 8th and 9th. If you want to learn how to properly read charts then my class is the one to learn and then if you take the class, you're able to have access to sign up if you want to sign up for a full-time member to the live trading room where I make calls like I did today, just like I did today where I made the call today even though the market went over the high that it was still a shortened and it was a really, really, really choppy morning and I made a good call. So hats off to those who did it in the room this morning, good job, they made some nice, nice, nice profits with good stops and entries and big targets and 175, 175 here in the spy. It's gonna keep breaking 1204. This is Melissa with the stockswush.com, have a great day everybody. Email me if you're interested in the class, Melissa at the stockswush.com. Thanks and have a great day.