 Welcome to Access to Trader, the number one community for those who are committed to taking control of their trading in order to achieve success, profitability, and longevity. Thank you for joining us. Here's Dan Shapiro to help you find your edge, master your process, and own your future. Hey guys, give me your body. Welcome to another edition of the access to trader.com nightly wrap up show. I hope everybody had a good day. I hope a lot of you guys are staying awake. Yeah, that's kind of what the market is right now. Before we get started, again, like, share, subscribe if you are a brand new trader. Again, I try to give a nightly opinion based on data, right? Not opinion, not what I think is going to happen six months from now or I think is going to happen this way. It's based on data, raw data, and that's the only thing we could trade off on a day-to-day basis. And the market is just basically in kind of a holding pattern, right? We've discussed this now for a couple of days. When you look at the broad strokes of things, you can see here the market, at least the QQQs, they keep on getting rejected off this 20 day. You know, tell me, stop me if you heard this before, right? We talked about this exactly last night, and it continues to get rejected off the 20 day. It just, it feels like there's not enough juice, right? That's the best way I can say it. There's not enough juice to really get this market going higher, but there's not enough fear yet to get the market going lower. Keep this in mind though, okay? All this is happening below this 297 level that we've covered in nausea leading up to the last two weeks, so this is going to be a pretty big level for the bulls to defend. They did not defend. And here we are now building a new base, one, two, three, four, five, six days. Tomorrow will be day seven, right? Nearly a week and a week and a half or so that we're basing below the 20 day moving average. And again, I've always said, and especially if any of you guys watch the free PS60 workshops, if you have not seen it, it's absolutely free, guys. If you've ever been curious about PIVOTS, I'm sure Kyler will put it into the description. I think it's like three, four hours breaking down the PS60 theory. It's not all of it, but it's like three, four hours. You really get an understanding. And in that workshop, this two workshop, the PS60, the foundation of this PS60 part two is a total of the 10 hours. But in the first one, I believe, is so long ago that I recorded it, the longer a stock or anything, and since we're talking about the cues, the longer a stock sits in that range, eventually when it comes out, the move is very, very aggressive. And so if you've been noticing for the last four or five days, it's been super duper tight, right? Some stocks look like they're strong, but most of them look like they're weak. Then you have some days that the market looks like it's about to fall off a cliff, and the bulls defend their prices, and the market starts moving back higher, and that's kind of where we are. And the one thing I will say just by looking at this raw data, the fact that we broke down below this 297 level and just putting in lower highs, lower highs, lower highs, we have to pay attention to this 293 level. If you guys notice, the last two days, the keys have held 293 twice. You see it? It held it twice yesterday, held it twice today. That's going to be a very important number because if they can't get above the previous channel's highs, and you can see here, it's gotten rejected off the 296 level now, back to back days, that's lower than the 20-day moving average. Eventually, if we do start building below this 293 level on the cues, then we will challenge back the 290 area that we had on the 200-day moving average. You see this whole big macro level? So 293, that's a level that the bulls need to defend, and if you are looking at it from the bearer side, and again, I'm looking to trade wherever the money is going. Literally, wherever the money flow is going, that's where I'm going. I don't care which way the market breaks. I just want to see the market break one way or another. And again, when it does, it's going to be a very, very big expansion until then, right for the last four or five days, what have we seen? Like, what have we talked about yesterday? We talked about random stocks. Today, when you see the pivots, again, for the exception of Metta, again, random stocks. When you have random stocks, you have random results, but that's what happens right now, and beggars can't be choosers, and the markets are contracting. When they finally get out of the range, I do believe whether the break is higher or lower, and right now, it looks like it's going to be lower, but again, anything could happen. We always say, be prepared on both sides, but if we start losing this 293 level on the Qs, I do believe we're going to start testing back this 290, and 290 is going to be super-duper important, because if we lose 290, it's going to be a moonshot, well, actually a waterfall, and a waterfall back to the 50-day moving average, which is super-duper important of potential price action moving forward, which is going to be that 285. When you look at the SPYs, right, you kind of have the same thing here. We had a really nice move here, a really nice short on the break of the 296 level three days ago, went down to the 393 change as well. Look at it, it's back to this 396, guys. Just watch the SPYs. They start giving up this 396 tomorrow, and you see it? It's the last two days worth of lows. If we start losing this 396 back on the SPYs, then we're going to go back to the lows from three days ago from 393s, and again, that's where things get hairy. We start losing this 393 level. This is when things get really, really hairy. So the bulls, they're going to need some work. They're going to need to get off the mat. They're going to need to, like Rocky Balboa, absorb all the punches they've been taking and falsify rallies and get stuff, and all that bumps and bruises. Wake the hell up, because if not, I'm telling you, Darth Vader's coming out. Right? All that good stuff. All this in the web, we know what Darth Vader looks like and what he sounds like, and when he comes out, he usually has a great, great potential for a lot of waterfalls. So you have 396 defense for the SPYs. You have 293 defense in the cues, and those are the levels, guys. Again, you do not want to be long if those levels start to get breached. This means some really great value to the downside if that happens. The question is, is it going to happen? Again, we don't know. I have no idea, right? We're only preparing for it, but if it doesn't happen, we'll obviously revert back to the upside channels, but that's the plan. When you look at a lot of charts, when the cues started breaking down from the 297 level, a lot of names started coming down with them and they never recovered. Like, look at Microsoft, right? Never recovered. Microsoft is very, very close to losing its lunch again. Look at Apple, right? Apple's ready to start getting back this whole channel again. Look at Netflix. Had a really nice run, right? Really nice run off this 3-14 level. Got rejected back to the 50-day, and look at it. It's just like the cues sitting there back to back to the days. If Netflix starts losing the bottom channel here, it could go back to 2-14, right? So very, very important. Like, look at NVIDIA. This is kind of how it really shows me the strength and weakness of a particular interval, right? NVIDIA several times had an opportunity to take out its earnings highs, right? Several times. And there was some pretty big option flow. It doesn't mean they can't, right? It doesn't mean we could be having this conversation for days from now and you go, guys, we're on the top of the channel on the earnings breaks of NVIDIA, right? The point is it's not doing so. And when it's not doing so, the buyers are telling you the buyers are in strike. It's not because they don't want to. You see a lot of traders, oh, this is the day. This is the day. And it was almost the day today, right? Back up to this 238 level, but it just died as well, right? So when you start seeing strong stocks, leader names that just can't get over the next hurdle on, especially on a good catalyst like earnings, that's a problem. Even a name like Tesla, right? Tesla had a chance to really go nuts today. It really did. It gapped up today, $4, everything was good. And then the buyers just left, right? The buyers left came all the way back down to the 10-day moving average. They have their event today, right? Tomorrow, excuse me, they have their event tomorrow. And let me give you guys some important areas off that event. It starts, I believe, it starts tomorrow. I believe, let me see, okay, so here it is. So tomorrow, March 1st, right? Tomorrow, March 1st is Tesla's investor day agenda, right? So 11 o'clock in the morning, this is a specific time. There's a check-in. Then there's a tour plan, right? There's a tour plan and demo rides, right? Like for the children from 3 o'clock to 4... from 3 o'clock to 4.30, right? So there's an hour and a half of adults being kids, which is cool, getting some demo rides from the plate and all that stuff. And then you have the keynote address from 3 to 4.30. And then 4.30 to 5.30 is the Q&A, right? So 4.30 to 5.30. So that's 7.30 Eastern time the Q&A starts. I don't know how the price action is going to be tomorrow. Like we talked about last night in the video, I assumed that there was going to be a play today that the buyers were going to try to run it into the event. They tried, right? They tried numerous times. We saw a lot of really still good institutional buying money flow came into the stock. The 2.20, the 2.25 weeklies. But they just couldn't do it, right? They couldn't do it as well. So I think for tomorrow, you know, I'm watching this thing on both sides, right? Because again, like we said, there's always a possibility that they could sell into the event, right? The problem is when they start speaking, right? When Elon starts speaking, it's going to be 7.30 at night, 8 o'clock at night. So by the time he's done, the ECN is going to be closed tomorrow. So the real price action is probably going to come for Thursdays, right? Thursdays price action. And I do believe we have to be ready on both sides because if this is one of those sell the news scenarios on, you know, just the way they had in the AI day, just the way they had the battery day back in the day, believe me, I remember, you know, we have to be ready on both sides of the market to take advantage. Again, you can train with rose-colored glasses, have the blinders on and say, no matter what, yeah, Tesla's going to 2.30. Yeah, I get it because you wanted to. But again, there's a whole side of the market that might feel completely different than new. And again, at the end of the day, it's not about opinion. It's all about price action. So we talked about the importance of the community's levels for tomorrow, the spies' levels for tomorrow. Let me give you guys, you know, first of all, let's talk about some pivots today. Again, like I said, this wasn't one of those scenarios that the market is just giving you a lot of great moves. I mean, look what we have here, you know, look what we have here on the watch list, right, on the pivot watch, FIVN. FIVN did fine. There was nothing wrong with FIVN, right? Well, that was the last time you heard me talk about FIVN, right? FIVN 67.59 if it builds below can flush. Here is FIVN. Oops, FI, right? FIVN, right? We talked about FIVN. I think even the last slide on the video, FIVN, it went down about a dollar and a half, closed it below. It's fine. There's nothing wrong with that. Then you have the QQQs. Again, this is the same level it kept on holding. We just talked about that level. Meta was actually the shining start of the day today. It really was. Nice move today on Meta. 173.70 needs to build. Literally, this was the only stock that was very, very strong. So it busted out very, very aggressively. It went all the way as high as like 77.50s. I had a nice little scalp on it, like a dollar and change. Nothing crazy. But again, that's kind of what the market we are. We're not going to get a $19 move on something if the rest of the market is going through congestion. There's no way. There's just not enough room on any stock to get those type of moves. But again, just take whatever you can. ZM reversing back on earnings really didn't do it. It went through 73, put in a low of 72.89. Basically held that 73 and kind of reversed back. This little sucker had a nice move before earnings came out. VZIO, $11 calls, needs to base over 10. Nice little move. Again, it got killed after the close because of earnings, but nice move. It took out 10 and went all the way up to the 10.50s before earnings came out. So good job for all you guys that took that. Tesla, again, try to get above 209. Try to get above 209. Only went up about 40 cents. It really just shows you how there's not enough juice in this tape, and I believe that is it. So that's it, guys. We're in this spin cycle altogether. Don't think your favorite social media celebrity is looking at the market different from you. Everybody's looking at the market exactly the same way. We're watching the price action the same way. I don't like what I'm seeing so far from the bulls. I don't like the fact that they just couldn't get back above supply four days in a row. All these bad wicks here. But the point is the longer we can't rally and they start taking down that 393 level and ultimately down to the 200-day moving average, we're going to have some problems. Okay, well, we're not going to have some problems, but if you're an investor and you don't know these levels, you're probably going to find yourself in a very, very uncomfortable situation. So again, guys, take precaution before it happens. It's too late after the fact, right? We know our levels. We have our game plan now just every single day. We wait patiently for everything to confirm. Guys, God bless, and I'll see you all tomorrow.