 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, giving everybody welcome to another edition of the access to trader.com nightly wrap up show. Hope everybody is doing well. Hope everybody had a good plan going into today. Hope everybody new levels going into today. We'll cover them in a second. We'll review from last night's video, but if you are brand new to the channel, thank you very much for watching guys. Thank you very much for spending 10-15 minutes with us getting into this whole world of technical analysis, on bias technical analysis, that we go where the market goes, not the market that we want to, but the market that we have, and we try to make light of it. So, thank you very much and subscribe, share, comment, all that good stuff. Tell us about your trading journey. I'm sure it will help somebody else out. So, what do we know, right? What do we know, and what do we have on the horizon tomorrow? Yesterday, if you watched the video, we talked about it again, and I said this the nicest way possible. The last couple of days, for all intents and purposes, was a dead cat bass, and I heard all the time, what are you talking about? It's a rally. Okay, you could call it, like I said, last night's video. You could have called yesterday, whatever you want. Again, like I said, you put lipstick on a pig, it's still a pig. The reality is, we knew that the Nasdaq bounced into that 360 level. They got stuck twice in the last two out of three days, and we knew going into today's session, number one, that 360, the bulls needed to reclaim. And the bearers, if you go back to last night's video, we talked about 355.79. We also knew the bottom of the channel, right? We've been talking about for a number of weeks that we finally saw that big soft landing hit that 351 a couple of days ago. The market started to bounce, and here we are, right? Here we are. So obviously, the big question going into today's session was from last night, was Microsoft strong enough to lift the bulls higher? Was Google going to be weak enough to take the bears lower? We got our answer pretty aggressively, right? Very, very aggressively today. If you guys follow those levels, especially on the ETF side on the QQ keys, you know two things happen today. We took out yesterday's range of 355.79 that we talked about, and we took out that 351 soft landing, which is the lowest close, folks. This is the lowest close in this whole formation, and this is the first close below the 150-day moving average. So pretty violent day. You had the NASDAQ down about 2.5%. The Dow, down 3.5%. Not nothing really. The S&P down 1.5%. But the focus. The focus was definitely technology, and once Google came in, it pretty much put a lot of sour taste in software names, social media names, cloud names, anything to do with cloud. That guy hit as well. Pretty disgusting, violent sell-off. We were ready for it. As we talk about every single day, we talked about the names in NASDAQ. All you have to do is go back to the previous two, three videos, the same names we talked about all the time. And the question now is what happens next. So you had Meta come out earnings after the close. This was actually the big one today. Just like Microsoft, they beat on the top and the bottom of the range, which is obviously a good thing. The revenue jumped more than 23%. And now the question is, well, the same question we had yesterday, is Meta going to be strong enough to pull everything back up? Because remember, this is the first close right now below the 150-day moving average. And again, if you believe in the theory that stocks trade from supply to supply demand to demand, well, then you have a scenario here of a really great, really egregious channel going all the way down to this 338, 340. Not tomorrow, obviously. But this is kind of the longer we start building below the 150-day support, the higher probability we start going lower and lower. And again, you can see the case study here when we lost the 50-day moving average. Again, it didn't tank right away. It took two, three days to play out. It hit the 100-day moving average. Then it went down to the 150, bounced and took out the 150-day moving average as well. So here's your next measure potential. This 338, 340 level on the Qs. Again, is it possible that Meta saves the day and everything explodes? Yeah, listen, everything is possible, but the question is, do you really think it's probable? And that's kind of the whole question of the day. Meta right now is up about 3% after the close. The initial move was down. You can see it here on the 5-minute view. The initial move was down. Then went green. And now everybody is waiting for the conference call. As of right now, Meta is up about 10%, up about 3% on the day by the time you guys watch this video. And again, right now it's about quarter to five Eastern time. Meta could be 290 or it could be 330. We don't know. But the point is right now, it is up about 9-10 points after hours. And we'll see how this is going to play out with other names. If you look at all the other names, they're not good, right? Despite Meta rallying, you're seeing a lot of things getting hit, completely getting hit after hours. AMD is down again. Tesla is down again. Nvidia is down again. Google had a horrific, horrific day today. He's got absolutely killed, lost all support. Looks like this 123 area is going to be its next level of support. But the point is, the queues did close below support. The question again, can Meta save the bulls tomorrow? We shall see. I would love to see just from the point of value, right? I would love to see a little bit of a gap up on a lot of names. And if they could lose today's ranges, well, they can get hit. I mean, look at names, for example, like AMD, right? We talked about AMD the last couple of days. AMD got smoked today. Absolutely smoked. This thing is very close to losing its September lows. Look at Tesla, right? Tesla had its dead cat bounce, got rejected off the 5-day moving average, put in a lower high, right? Put in a lower high, lower low today, gave back the 200-day moving average on the close. Again, is this a scenario that we test the lower channel here? The lower channel on Monday's lows in the next couple of days, right? Very, very possible as well. Look how close Apple is, right? Apple is not that far away from the 200-day moving average. Again, if Meta gives up its gains or these stocks just have no buying pressure whatsoever, can this thing lose the 200-day moving average? Yeah, absolutely. I mean, it's not really that crazy to think these stocks can lose the 200. They've been losing them day by day. Look in the video, right? Look in the video. You know, in the video today did exactly the same thing. We had this massive move down. It reclaimed some levels, got rejected off the 10-day moving average, lost the 5. You know, in the video right now is sitting back on its 100-day moving average. You guys remember last week's, you know, the low from Monday? Guys, watch that low from Monday. Remember when we were talking about if the video loses its whole channel, September lows, and it held the September lows on Monday? Well, now it's back in play, right? It's definitely back in play for the next couple of days. And if Nvidia starts losing the bottom of this channel here, boy, oh boy, again, we have a lot of room down before it's set to report earnings. So, again, there's a lot of names on the chopping block this morning, this afternoon for tomorrow. Look at a name like Snow, right? Look at a name like Snow. Another cloud-based name. Look how many times it held this bottom channel here, guys. Take a look, right? Once, two, three times. You know, what happens if Snow loses the bottom of the channel tomorrow, right? This thing, there's a lot of room down. So, you know, we're set up as far as individual value goes. We are definitely set up to the downside. Again, the question is, is Metastrom enough to pull everything up? You know, again, it's very, very tough to get excited if you are a bull. That was the question from Microsoft, and Microsoft basically did this from the open, right? It opened up from 47 and basically came in about eight, nine bucks from the highs. So, again, if Microsoft couldn't do it, as a possible meta does it, we'll see, right? We shall see, said the blind man. Tomorrow, you have Intel, right? Not exactly the darling that it used to be during the heyday of the internet craze. Used to be a market leader along with Cisco, Microsoft, and Oracle, not so much anymore. And the biggie tomorrow is going to be Amazon. You love Amazon. I love Amazon. We all have Amazon Prime, blah, blah, blah, blah, blah. Does it mean anything? It means absolutely nothing because again, this is the lowest close in this whole formation. If it wasn't for the stock coming out with earnings tomorrow, this would be a five-star short if it would confirm today's channel going all the way down to 17. So, the bulls have work to do, right? The bulls definitely have work to do going into tomorrow. Obviously, I will give the bears every opportunity to lose today's ranges for tomorrow. And if that doesn't happen, I have no interest in the deadcat bounce because we all know deadcat bounces could be half an hour, they could be one day, they could be two hours, but when they end, and this is what happens, right? We had a two-day deadcat bounce. It ended today, lost every range possible that we talked about, and now this is the lowest close in the whole formation. We shall see. Tomorrow, guys, just as a reminder, there is no video. Tomorrow night is Thursday. It's my nightly weekday off to be kind of reset for Friday's trading. If you are curious about PIVOTS and you're looking to come aboard in the live webinar, feel free. Kick the tires for 30 days. It's pretty cool. Nobody trades the PIVOTS the same way that we do. It's a proprietary system. Again, like I've said for years, if somebody else created this, I would say, wow, this is pretty impressive. Since I'm an idiot, I hate myself. I'm still in shock how good this thing works, but who the hell am I to say I'm a little biased? Guys, have a great night, everybody. God bless. Hopefully, everybody is doing well. Hopefully, everybody will find what they're searching for, and everybody hopes that it used to be healthy and happy. God bless, everybody. I'll see you soon.