LIVE Futures Trading Room - 7/19/2021
good morning everyone can i please have a quick sound check if you could please type a one in the chat box if you can hear me and also if you can see the share screen thank you all right welcome to another wild session today are we gonna see limit down uh that's gonna be really interesting the dow is already down 500 points the smp's down over 50 points nasdaq is down over 133 points as of right now 44 points in russell down everything is down guys uh gold is down over two dollars and 40 cents uh it's down 0.13 and oil is down as well almost um for almost 4.3 uh almost uh three percent over three percent 3.72 i was looking at the percentage changes and uh we're seeing russell that has accelerated to a multi-support level now this is a multi-month support level that we have been discussing last week it is that it's the bottom of that huge range and this is going to be the decision point we do have some um levels that um are going to be very aggressive on the trading session uh and of course the media is trying to blame either the slow worries of slow growth or coronavirus or variance or whatever it is so uh they don't know who to blame but the reality is that the market has been overly extended and uh we are seeing that um the market uh needs to um pretty much calibrate we there were what i'm trying to say is that the move up that we have been having it was really great while it lasted but we cannot just go parabolic up so uh things must start retracement retracing and for example if uh you're looking at oil even oil had about six weeks to the upside and this is the beginning of the third week for the retracement uh so let's begin uh first off economic releases today at 10 o'clock we have the nahb housing market index it is a moderate release that is coming out but it's coinciding with the major reversal time in the market and that makes it in particular uh a caution uh a caution time all right so let's begin with ym and i will tell you a little bit about what's happening in the dow right now first of all we're trading on if you you could see the levels right here so we're trading on a triple bottom multiple confluence uh weekly uh weekly level as well so what does that mean we have a triple bottom from the daily structure in fact i'm gonna do something else let me just share this screen here because we're not gonna have a trade right off the open okay all right um so this is the doubt you could see here that we have a triple bottom into the support level into that 34 000 so we're basically basing within a thousand point range this isn't a thousand point range guys this is so big we're ranging from 34 000 to the old-time high which is 35 000. so uh what happened here was
that we're having a high we're having a higher high and we actually had a higher high guess when on friday so on friday we were 25 points shy of hitting the old-time high we actually went to 34 975 and then the meltdown started so here we are a thousand points lower almost close to a thousand points lower close to a thousand points lower in just one 24-hour cycle if you will all right so what do we have what what do we also have from this structure so we also have a weekly that is trading right here on the 20 sma so that brings a little bit of strength into this area so the reason why i'm telling you this is because from this higher time frame to a smaller time frame we can potentially have a short squeeze the sure squeeze can come in very violently at the open so i'm not gonna i'm not gonna do that so i'm gonna wait a little bit today but this can come violently off the open obviously the more violent time frame and the more aggressive time frame to take advantage of that would be the five minute but as you could see here we're we're not really having any clues because we have been consolidating we popped up a little bit and then we failed again so all of these pullbacks that you see here they're shallow so the market is on a mission to take it to to bring lower prices so you can see that the five minute is not providing us with any kind of information because it's failing at each level so we're navigating a little bit further into the 15 minute now if you see the 15 minute it's really trailing down so what that means that it's into a a really tight trail you can see that the moving averages have started to fan out since three o'clock in the morning and there was uh after the initial um um down move in the market we have stabilized and then we um broke down at 3am when the london market opened so you can see that there was literally no reaction at the european market they were just waiting for the london session to open and the market went down it went back up so you can see the swift uh moves to the upside that are literally telling us that there's more downside to it that's why i'm like questioning are we gonna have a limit down today and then we're getting uh and then we're getting uh the price uh back into a support level we hovered here just a little bit and now uh just before the open at 7 30 we had another swing to the low side and again to the 34 000 this area here is really strong so this in particular from higher time frames has capacity to bring at least a little bit of a pop into the market we're definitely we will see if that is going to be the case uh we're trading right now into the 10 ema so this is just a 15-minute chart uh the 30-minute chart see i would go more for a 30-minute chart than anything else and in fact right now the one-minute chart is trying to do the squeeze so i'm gonna take it back to the one minute here okay so you can see that the one minute is already trading above this prior high uh by the way for those of you that are new remember that you need to apply caution uh if you are here for the very first time watch it trade in a simulated account and then uh as i am going to refresh the info um about position sizing and all that good stuff so you can protect your portfolio you could watch us and uh see how we trade for the very first day so the one minute has already rotated uh it is already trading per se into a resistance area and this would be like the first shore squeeze uh first shore squeeze try when we're having the market that is literally crash crashing um the uh difference between the engine the difference between the uh bit and the ask is going to widen up so the possibility of a slip uh to have slippage is really high so i'm going to be watching this area particularly in the dow and russell these are the first two that are getting ready for uh for rotations but you can see that it came into this first try area and now it's pulling back so this is exactly what we want to see first of all we want to see this little shallow uh support level at 34040 hold and if this is going to hold then the next uh pattern that will be developing on the two or the five definitely will be uh will be worth trying all right now remember as with any kind of um short squeeze uh we uh there is a strong possibility that these are all all shore squeezes so you understand are uh 50 50. so what that means you have 50 chance of working 50 percent sure a chance of stopping out so for this uh please use half the risk today more than any other day use half the risk we're also coming in from a calibration from friday so friday we had option expiration this is the calibration and this was quite a calibration that happened in the overnight okay so this may be a little sandwich right here that is developing uh into ym so as long as 34 0 40 is going to haul we're going to look for a trade that breaks 150 if it breaks 150 uh we may look for a continuation higher back into this blue line which represents the target which pretty much is going to be like all or nothing um type of scenario now i'm seeing that the dao and nasdaq are not holding uh the lows so far so they're still uh they still have tons and tons and tons of pressure so i think we better wait a little bit before uh you know we need to wait until the dust settles a little bit before anything um uh before anything is uh is setting up google for example is at 25 2500 and that is a really nice buy location so let's see if the algos are going to kick in same with nvidia into the 7 15 to 7 18 this would be a buy area technically uh and this would be aggressive like a leg in type of opportunity so not all eggs in one basket all right so um on the other side we have baba that is we have um yeah most of these uh uh uh most of these nasdaq stocks are a little bit weaker financials are weak as well but they are on support so i'm looking at xlf to give me a gauge of what's going on we have 35 for support and 37 for resistance 37 37 and change so i'm looking at these parameters because this area into the 35 and again today we don't have a lot of uh um financials that are reporting i gotta have to check again uh but um if we are going to come out with more financials that will be reporting then this may particularly be a buy okay uh hey riya it's crazy out there today it's really crazy out there remember things are going to be super quick do not leave your trades on if you want to take a break make sure that you're not in any trades or if you want to take a break you know j make sure that you have your um stop loss already in place so i mean this is serious business okay all right so uh in particular in the dow this is what i'm seeing um so this is what i'm monitoring right now 34 000 to 34.40 ideally i would like to see this 34040 hold that would be like a bit of a bit of strength but we need to see this hold for another 10 minutes because it's so super early right now so we need at least the first 15 minutes in and we need the price to calm down a little bit all right let's move on to the e-mini smp i'm gonna go a little bit far out so you can understand the context uh and i'm gonna go all the way to the weekly and uh as you can see the weekly we have a prior pivot high here at 42 34 that is going to coincide with the 10 year main it's also going to provide a lot of support for price so uh um i think laurie had a laurie had it laurie actually said it here um absolutely take your computer with you okay so um laurie mentioned it here that she would like a flush to uh uh 42.50 in order to get a little bit more um confident into that flush to the downside eliminating all the stops and then running back up so uh this is the context from the weekly the daily as well you can see here that we're navigating we do have some little support right here but again a flush into the 50 would be a lot better than a lot better than the area where we are trading right now and this doesn't necessarily mean that we're gonna short it i like the patterns that are developing right now on the one minute and even on the five minute we could go for a little gap fill uh in s p as well as into the dow but we're gonna have to wait for confirmation on that uh and then again the 15 minute as you can see the price has been trying to hold into this area for quite some time because uh from the four hour structure i'm gonna bring the four hour here the four hours sitting on the 200 simple moving average and it's coiling around so this would be like a good bounce opportunity okay so at least some algos are going to pick it up and try to push it up a little bit if that's going to be the case if we continue to be weak and if this current last hourly height that is going to wrap up in about 20 minutes uh if this is going to be the lid at 42.71 then then we will look too short so for the training session today we start with neutral bias we're looking primarily for some short squeezes because we had an accelerator move down you can see it like 500 points down nym 50 points down nes so at some point these uh algos that have been trading in the overnight trading session have to take some profits and we're gonna have to look for some opportunities to lag in and possibly uh possibly look for some uh looks for some traits um i would definitely look for a 15 minute high low and this is this this is what i will look for so this 15 minute high low means that we're gonna place the stop below the 50 below the 15 minute low into the 60 and we're going to try to buy it over this high over 72 so 73 would be our entry uh if you're trading micros and if you're very new to the trading room uh i call trades in uh full-size contracts so if you're trading micros please use uh at least especially today give it one more point so if i'm taking it at 72 you could take it at 72.75 or 73. okay
and that is because uh micros are a lot more volatile all right so this is es let's take a look at that stack nasdaq is also very weak so like i'm monitoring right now all the price action uh we're going to talk about nasdaq nasdaq has a lot of resistance in the 14 555. it also has possibility for sure squeeze all the way into the 570 maybe back into the 590 or so this is going to be like the big big target and the reason why i said target this is all or nothing this is the kind of trade that if it works it works if it doesn't it doesn't so keep your stop in take partial profits along the way and then leave the last lot for the that 590. so the first 15 minute candle is going to be very important as it's going this is the calibration candle this is the discovery the range candle so um if this low is going to hold into the 10 o'clock segment then we may have seen the law of the day today uh at least for the morning session but if we continue to bleed then again we're not going to have a trade right away unless it sets up for sure so like i said we're very neutral we're not bullish we're not bought we're not bearish and we're going to be looking for that really good trading opportunity and uh for uh for the uh for nasdaq i want to show you something really quickly in nasdaq and that is coming uh from a monthly chart and you can see where the sell-off is coming and i know you know all the media out there is trying to find a reason why this short is happening well because it got into an extension right it got into an extension things got really heated up right here so we fulfilled our target level we talked for so long about a target right here in the 14 800 834 very close to 15 000. we just poked into that this month and now we're coming in
a little bit okay this is what we usually do when we uh hit these targets all right so um also last but not least rty uh rty here it is all right so rty has multiple bottoms into this area tada here it is here's the daily chart we have a massive confluence level right here along with the 200 simple moving average so i'm not going to ignore the fact that we could get a really big push down before we rotate because we haven't tapped into the 200 sma but this is a reaction area so if the price is going to pull back into this area it has the possibility to rotate from this area i don't know how the rotate if the rotation is going to take the price back up into the into the top of the range but this is exactly what it happened every single time we came in to this area and you could see it right here pull back and we actually made a new high for the year pulled back and we made a new high pull back and back into the new high breaking above the prior high back into the support and almost challenging the prior high for the year also into the high and back into support so it has been going back and forth now remember one thing this is a really massive multi-time frame support level because when you're looking for example on a monthly chart you're seeing that the price is really getting very close to the 10 exponential moving average as well and oftentimes when the price is very elevated from these moving averages what does it do well it pulls back into it because it's so extended right the moving average is pulling the price like a magnet and then it will rotate and probably continue higher or if it's going to close below it will continue to bring new lows okay um all right so let's take a quick look at gold uh gold as well it is retracing um from the monthly level is still holding support uh from the weekly uh from the weekly structure it's gonna be bullish above bearish below this is going to be uh the area i would say we should have a little bit of caution all right i'm gonna mark it right here uh at support okay so we know that if we break this support level the price is going to start uh going down because of the structure of um that we currently have so we have a series of lower highs and we have just one two three lower lows right here so if we break this little this is the first attempt of a rotation and the change of trend but if we uh there are two things that can happen first of all if we violate this 1790 we can go back down to 17.50 no problem however remember that this is a higher low so what can happen here it gets switched down a little bit take all the stops and then rotate for back higher okay so yeah this can happen as well and then from the daily charts okay i'm looking to see if we're not missing any trace right now so from the daily chart you can see that we came in right into the 50 sma we had a right into the 20 sma and we had a really nice reaction of of buying into that area all right last but not least yell and then we're going to go back into these uh futurist indices oil is just pulling back uh we're gonna have to leave it alone for now um i'm not seeing any buying or any selling opportunity in it we have a massive down day uh in it and uh the hourly charts the it's not really extended to the downside in the sense that we could get a short squeeze uh it's not and by the way we had multiple opportunities here at five o'clock in the morning for those of you that were up at six o'clock per se all right here it is so this was the uh this was the really nice area where you could have shorted based on this nice um uh bear sandwich okay all right so let's get back to our uh charts and let's see if we find any trading opportunities right now i'm gonna uh take these charts to the five minutes okay uh let me see here look at those tails they're really trying to hold no the 15 minute the five minute is garbage yeah we're gonna look at we're gonna look at these minute high lows here one of my favorite as of right now we're gonna have to wait and see a little bit but nvidia already popping we're already and like i said in videos into nvidia amazon they're into the buy zones um at least amazon is into minor support uh let me know if you guys can see the six screens of the six charts sorry thank you thank you thank you okay all right so here's what's happening with nasdaq on the 15 uh is into a trigger position however it has uh it has the 20 sma as a lid for now you can see that today we don't have any uh levels that would mark triggers we don't we don't now we sit and wait dao is getting a little bit weaker we're going to take a look at some stuffs that are under these indices russell is getting a little bit stronger here the day is still young it's just monday we're approaching a one-hour rotation and uh i'm sorry um um yeah a one hour but a four-hour rotation in russell because the one hour has already triggered the four hour is going to be very interesting because this one could go for a bigger target that all or nothing type of trade uh remember today most importantly do not jump in anything um you need to have precise triggers okay don't jump in anything you need to have precise confirmation of synchronicity precisely this is not the type of day to scale in or scale out or worth the trade no it's not gonna it's not gonna work based on the price action that i'm seeing that is not gonna work all right 15 minute high low is getting ready for russell but the dow is weak smp is weak and nasdaq is weakening so russell parameters would be obviously a stop 2100 and the entry wow it's gonna be 24.5 21 24.5 that's huge and the target for it they're going to be really small targets uh see it's asymmetric uh 2128 2130 and 32 so i'm gonna i'm gonna hold off on this one to see if we could have any other patterns that may form on these uh the setup is not that bad but the risk is a little bit too wide uh the stop is asymmetric like i said you know wide stop a really small target not loving it if we would have had uh synchronicity throughout all the indices and if they were would have been lining up then we would have had a little bit more odds even with an asymmetric risk netflix is rotating so let's keep an eye on nasdaq i'm looking at the stock market as well because this is going to give us today the first clue as in which direction we're going to be moving today all right new low in ym this is not good as it's making a new law heading into 10 o'clock all right so remember we still have news at 10 o'clock so that's in less than 10 minutes not high impact but i think it's going to have um have a say here into these patterns so uh we're having russell and nasdaq that have not made new lows yet let's not rush into anything today uh um oh sushil biden speaking at 11 30 oh yeah yeah any president that speaks during the market open it's not good i'm not loving it yeah so usually yeah you're gonna see like a big show here not good all right so what i'm seeing guys russell's still holding for now russell's still holding for now uh oh dell you got it you got that right hmm um swoosh down let's just wait wait for the flush we don't have a short trade let's just wait nothing to see here i think the train may come up like 10 20 to 10 30 the way i'm seeing it um yep those points adele uh um foreign um all right seconds away from the news my gosh my price is not even moving okay moving now it's like holding its breath so all right we gotta wait until this move it ends here you um you hmm all right i think we may look starting in a like five minutes or so maybe some squeezes here and on any pullback if we get a shallow pullback so if we get a squeeze we are going to look for long and if the price weakens we're going to take the short okay so be ready for both positions this is not a day to use soft stop so be very careful i'm telling you there are some stocks that are screaming higher today i'm not seeing a lot of weak momentum yeah figures crossed exactly exactly exactly all right let's see now remember the first five minute um rotation did not work out in the market we had in all the indices right so we had that um okay so let's see here we may have a short squeeze in es 4249 4249 by 42.39 all right let's do this half the size let's get in 42 49 long yes oh forgot the caps where are the caps where are the caps never mind here they are okay so 4249 by 4238 that's the stop we have equal highs the 48 on the five minute this is going to be a short squeeze um 52 we have targets into 52 55 57 60 if we get there if we get there okay we're not in yet remember for those of you that are trading micros give at least three ticks to one point because they're a lot more volatile this would be the first shore squeeze and i saw two late this morning oh my gosh there was like a an amazing trade in kroger an amazing trading kroger oh what a beautiful trade all right all right let's see i'm in so my um i'm in i got triggered in remember half the size remember our discussion half the size this is not a market where you put in all your size and it is a heart stop hard stop nasdaq is um weaker this moment so far the 2103 is holding support in russell we have an inside bar in ym wine can be also a short squeeze it's also asymmetric uh would be 8.95
it is why am i not having the caps on again the stop is still gonna have to be the law of the new york session which is three three eight to nine so we can put it at eight to five all these trades will be executed half the size half the size the reason for it is because you can get dinged out and ym targets it's gonna be eight uh nine ten nine twenty nine twenty five if we get to 9 30 to 9 35 very important to take these traits at the trigger have the heart stop because if you don't have a hard stop i'm telling you they can run these uh levels much much lower and it's not going to get pre it's not pretty uh the dow is right on the 20 sma on the weekly and that's why i'm saying that this can possibly be a long rotation let's not forget that we have been down for one one two three no hold on one two yeah yeah so quite a lot yeah it's like this would be like the eighth hour if we close week russell is still holding pretty well uh copper breaking down below that 420 just tapped again into the 420s um guess what's popping amd amd a little bit of rotation in amd nasdaq is trying to calibrate as well a little bit uh and this rty sure squeeze r2i is the only uh index that is really really close to the shore squeeze is actually the most um declined so it's trying to hold um cancel ym we're still in es um still holding a 38. i don't think it's gonna hold for long okay i'm out i'm out out so ear stopped sitting right on that console and support man i don't think it wants to hold it i think it wants to trash that but it's right on this is such a massive support here at 38. multi-time frame support it's coming from the weekly it's coming from the daily it's coming from the hourly it's coming from multiple multiple time frames even intra day this it's almost 10 20. no it doesn't seem like i don't know so nasdaq just have mixed feelings here nasdaq is just holding see that's the reason why we need to use these hard stops and also we need to use half the risk nvidia is rotating and videos is really strong nvidia netflix amd check out smh yep as the match is rotating as well and it's holding really well so far you okay so now stop let's take a quick look again now stack 15 minutes short squeeze as well same thing half the size get ready guys it's gonna get it's gonna trigger right away hold on i'm gonna give you the levels right now when you're having this kind of price action that's why we're using these uh heart stops because the stops uh for example uh can go around uh let's say for a yes can go around like another 10 to 12 points down and then can bounce up so that's why you're gonna need a lot more trades so the only way to do that to fit them in your budget is to take them with half the risk okay so i'm looking at 509 in nasdaq nasdaq long 509 stop is going to be 455. the target short squeeze is going to be 5 20.
there is asymmetric and we're going to go for yes again yes 15 minutes setting up pretty nicely for 10 30. um 4243 long yes i would do 0.5 and uh the stop is gonna be the low of the session but uh we're going to give it 40 to 30. first target's going to be 46 48 next one fifty fifty-three we're going to be looking for these 15 minute rotations to kick in it's now's the time now's the time we haven't had a rotation i also like russell here don't jump in anything just take them at the trigger you don't take them out the trigger you're gonna get slaughtered the trigger is there for a reason don't think that you're outsmarting the market you're not we need to be very humble you need triggers in this market this is not a trending market where you just scale in go on your merry way it's like okay i'm gonna work myself out of this one no this is serious business today this is the day when you can blow up your account ym is setting up as well it's going to be 8 15 and why and why i'm 8 15 long uh the stop is below the low seven four zero and the targets eight fifty two to 870. 900 on a best case scenario new parameter in es take it over 42 42 yes 42 yes instead of 40 43 and a half use 42 42-42 all right we have a little trigger in ym last two triggers yes and now stock not in keep the stops we have three minutes if we hold these lows we're gonna go for short squeezes and russell as well is gonna have a nice 15 minute high low here so if you're thinking about russell and if russell is your thing uh it's going to be 21 14 and a half to 21 15.
14 and a half or 15 for the entry the stop is going to be 2100. all right everything with is with half the size you don't have to take all the trades just pick one um um all right okay yeah i'll post it i know it's 10 30. it's very important for this 15 minute to start rotating this is going to be it this is going to be it if we don't trigger here we're done oil continues to be weak all the stops are below these lows right here all the stops are below the lows all the stops uh i'm telling you guys there are some stocks that are pretty solid today looking across the board here and we should be seeing a pop here not unless they are running the machines into these indices um um come on snp if snp is going to manage to get a little bit higher and russell here it is how many of you guys got in russell we need 45 nes 45 on a takeover 45 nes we're running we have our first target at 46. anyone else anyone else took russell okay if we're not holding if we didn't hold the 10 a.m low
hey laura awesome you're rocking and rolling with russell here's what i like about russell the 30 minute has already triggered and it has room to 24 and it has run to 25 25 24 to 25 is going to be that decision point but if it just smashes that 20 sma it will run higher but if not ultimately it's going to return and um it's going to go back down all right cl here is giving it up but it's not really it's bleeding but it's not really crashing you know what i mean so we could just have some kind of let's watch it on the 15 though it's super important guys if we don't hold these these 10 30 numbers it's not going to be good it's not going to be good all right so we just stopped at a nest stack nasdaq stopped new law we have two more trades that are on you um russell rooney's getting ready now russell rooney's getting ready for that 24-25 nasdaq is that that confluent support yeah this was very nice here the five it's actually on the the 15 minute high low as we discussed here um worked out really nicely it's always the um the most decline that it's gonna try to recuperate all right um here's the 24 and 25 were hit okay there's a little squeezy here that um we could still go a little higher in russell if you guys took russell um into 28. um all right good job guys and russell good job good job see we got dinged out of this uh not stock but let's see let's start rocking and rolling see it's very easy to trade when the market is going either you know up or down or it's into a really good massive trend but when the market is becoming a little bit um uh iffy then um a lot of traders are having a lot of problems because they don't know how to adjust to the market conditions all right so we have the first target in the yes at 46 guys uh we hit a high 44.75 am i and i'm telling you this nasdaq is still gonna run now it's like it's still gonna roll look at this really nice bottoming tail here see where the machines did they took everybody out and boom back up uh russell doing really well guys russell doing really well laura you should be doing good did you get in on my call or did you get in earlier more aggressively hey daniel good morning you're in russell too awesome oh perfect yes that that was the perfect entry all right ym is also looking really good right now oh you got in 21-15 that's perfect awesome daniel good job good job good job good job all right so here's the 30s remember it's into that 50 sma room to squeeze room to squeeze at least into these areas right here 34 to 36 34 to 36 and we have smp at target one remember if you're very new to the room i like to um exit half of my position at target one leave the rest in and then at target to scale out a quarter and the last lot for further targets all right we have a nice here let's see here what we need we need a 38 in yn we need a 38 in ym and then we could see the 850s hey den you got 2113.1 pivot awesome okay then this this is like a big scale out right here the 2130 21 30. if you still want to stay in and give yourself a chance
26 is your trail stop 21 26. 21-26 if you want to put in a stop if you don't want to exit here at 30. this is a big target it's right into this um 50 sma all right we have our target 2 in es at 48. we need to get so from this point on a s is on tr in central mode the last target is 50 but we are going to see probably 55 okay we're probably gonna see 55. okay why am one point away from target one yes all these trades are posted in the portfolio all these trades are posted in the portfolio see the short squeezes are if we start sure squeezing a little bit more we can be done we can be done very soon we just need a little bit of a pop up here not much but come on let's go let's go let's go we need a we you know i'm thinking of a 55 here in es but it's gonna be by trailing we are two ticks away from target one from target three nes uh in russell i'm thinking to trail 28 but i'm just waiting because it's right into the uh 10 email your trading session starts on the 15 minute 28 is holding so far yeah rgy trail 28 guys 28 28 trail don't give anything back it has room to squeeze into 34 maybe 37 34 to 37. all right weima is making a new high uh we have a high of 64.
our next target is 70. no i'm not repeating nasdaq no no not repeating that stack it's not lifting off the bottom that much i mean it even if it's going to rotate it's going to have a really wide risk so robinhood is going to receive a listing date on nasdaq on july 29th all right here's the s at 50. we have target 123 from this point on it's in trail mode we're going to look for the next target going into this 10 ema into the 55. and in ym why we need 15 seconds to do the trail stop and the trail stop is gonna be eight three zero no it's gonna be a two a two eight two eight okay uh aren't dead i was typing rty because i was looking at your post instead of ym okay ym trail stop um eight to eight eight to eight okay and it trailed out eight two eight okay all right um see we have three points to that seventy only target one only target one hit um at 58.50 and we trail 828 on the rest so half at 850 half at 828 rty trail is still 28. what's with the 28 all right and yes last last trail i'm going to give it a little bit of room i'm going to put 42.45
4245 last trail all right what a day it was a it was not an easy day i could tell you this but it was fun rty is trying to hold the 29s right now if it's going to pop over 34 and a half raise the stop one point higher rty has massive resistance into the 10 ema on the 15 minute i will show you after the trade is wrapped up because i have my active traders here on and i don't want to mess it up because last time when i wanted to show chart i showed the chart and i accidentally closed my active trader okay um yes and i will show you why that was a big target right there and that why we need to trail a little bit tighter into the 28. it's gonna make a lot more sense when i'm gonna show you those charts okay all right so russell rooney is done rty done okay everything is done right now okay everything is done stick of work in it uh okay now i'm watching and then i'm going to show you some charts i just want to know if we have a short position or what's going to uh what's going to happen here so i'm just stocking stocking price i'm going to take this down to the 5 minute what a roller coaster morning right uh uh okay here's the moment of truth that could be a bear flag formation and ym okay um um okay so i'm seeing that nasdaq is not giving up and i don't think this is a short i think they're retesting and they may want to launch higher i know lori like chewie and there are so many other stocks that we're gonna talk about that are uh that are higher today okay uh so so the dell has retested the same 70 50 area and it's consolidating here all right let me show you guys what i was looking at uh in russell for my target i was looking at the 10 ema right here okay so this is without the pre-market data these are just new york training session charts you can see that there's a gap here so this is the 10 ema along with uh pivot resistance uh into the 2137 we have this one into the 33 a lot of resistance area right here so that's why it just started to pull back a little bit so we trailed out all right um so then that that was the reason why right so i use both charts you're trading session charts alone and um um also continuous charts obviously for price action oil is incredibly weak oil is incredibly weak here see now now stack is into the 10 ema and it's also you see this uh dotted line right here and you see that every single time in the overnight trading session meaning really pre-market uh we came in we bounced we came in again we bounced neutral neutral neutral and then we popped up and then we swoosh back down try to find spore again and now this is going to be the line in the sand if we trade above 520 and stay above above 5 20 we are gonna go to 540 to 550 but if not and the price is going to get rejected it's going to go back down this is the sloppiest pattern so it was literally a roller coaster ride today of course dan i'm glad that helped dao breaking below uh usually um what sets up around 10 30 um has a bit of momentum going into 11 15 so i'm not gonna take any decisions into 11 15 because this may be a calibration nym by the way bonds are very strong very very strong they finally broke out um zb broke out over the 200 sma for the first time in a very long time and here's nasdaq with all these uh uh with all this environment i really didn't have time to take a look right now and see where we're at in the stock market because to me that has a say a big big say see this is the momentum continuation so it should continue for the next 10 minutes or so don't be quick on shorting here and this could be a sandwich that is developing here over 34 and a half or so um i don't know my internet is i think my internet is slow or something having some issues here um smp yeah is still part of that so the 50 is that coil around area god you um still watching guys i honestly do not like this environment one bit for trading this is kind of like you huh see this can be another uh one that is not triggering late participation in um in the down but it's not set up yet so see the five minute you could go by the five minute high low so you could do i'm not going to take it so i'm telling you right now i'm not taking anything but if you really must look at something and you want to push some buttons which i don't recommend you do it would be 8 30 by 7 20. this is not my call by the way so i don't want to do it yet uh looking at a scalp possibly here 830 by 780 target 860. possible scalp um you um you yes yeah rotation on the one hour i'm looking here for that little scalp it needs to close above the 10 ema if it doesn't close above the 10ma it's going to get rejected and it's still going to stay in this area love low and high low and high back again russell is extending oil oil guys let's take a quick look oh man didn't look at oil oh mr doji guys what are you guys doing this is the doji alert right here on the five all right now we have to wait this could be a short squeeze as well and oil because it's so extended to the downside okay let's take a quick look russell is russell is back into the uh back into the 20 sma remember we had a target at 37 but we exited obviously so we're not in anymore but this was the ultimate target 37. okay let's take a look at what we have in oil we have two more seconds um yeah this is a really wide stop if you want to take it with micros that's fine um it is rather better with micros than full size it's up to you it depends on what kind of account you have small big medium um 67 point well it needs to get over 20 67 67 20 by the low 67 20 by the low in cl okay um 6740 67.50 for the targets
all right triggered 15-minute trigger as well in ym why am long 8 30. the stop has to be the law of the day 7 20. target 850 880 and on velocity 900. and then uh nasdaq is coming in smp is holding above the 50. uh hmm all right everything is coming in cancel cancel nas cancel ym cancel ym we're gonna revisit it but cancel it for now this is the first green tick for oil on the 15-minute structure and it's not really sustaining why am i still a watch i know crazy crazy crazy market uh all right so cl still uh or on standby with why i'm still watching can you guys hear me because i'm getting a pop-up that my mic is muted just a quick okay thanks phyllis that's so weird like i'm getting so i have this pop-up on my screen saying that my mic is muted okay thank you weird things happen on mondays all right uh so yeah in oil the stop is still the stop and all right market doesn't have a lot of pressure in it right now huh um uh wow not doing anything all right you um hmm see that doji on the 15 minute and ym is pretty interesting the higher low for example now that we're heading we are literally less than two minutes into the close of the london session and we're pretty much not seeing any continuation of the dump probably gonna get stopped from crude keep that hard stop set london session has closed 65 is our stop 10 10 cents away from where it is trading right now this is interesting here in nasdaq i have to tell you this is actually five minute rotation it would be 42 or 43 even 44 so around so anywhere above 42 the stop would be 5 15 or so or 520 let's let's just wait and see how it trades we may have another trade see it triggered already okay let's repeat ym ym same parameters scroll up and pick it up it's gonna be 830 by 720 target 850 880 and uh 900 on velocity here it is again in fact yeah you know what um we can pick it up 825 825 versus 830 entry a25 entry a25 okay android a25 versus 830 that we had here okay seal stopped punched into 63.
we may go at it again all right we triggered nym currently we are long ym you we're gonna do it again we're gonna do ciel again so we're looking for 850 880 and on velocity 900 and uh and the dow foreign i want to look at this five minute high low in any case the stop is going to be under 60. um the entry may be see i i missed that nasdaq it happened too fast uh it's the machine's trading today it's not it's it's it's just not having any kind of um other kind of participation it's just algos 6710 6710 entry 6710 6710 by 66.60 cl mcl like i said mcl is a good choice uh because of the white stops uh so 6710 is the entry um the stop is 66 let's put it 59. okay pretty much kind of like the same targets we're going to do 6730 so we're going to do 0.30.40 0.5 d 40 is going to be a big deal if it breaks over 40 is going to go higher okay so we had a punch over 40 we had a high 42 and we have our first target in 850 in ym no trigger in oil yet russell has been the nicest behavior jamie you got in 475 okay let's wait and see how this candle is closing and then you can use this as a stop you could use either i would say use this 10 ema here at the 550 it's trending nicely off the two minutes so we want to make sure that um so the two minute is screaming like a little mini pullback so you can see that it's loving the 20 sma so what i'm thinking is that if you want to trail it tighter you can use obviously this 50 area or you can wait until it pivots you can wait until it pivots i'm not sure today with the pivoting thing honestly i'm not really sure because i don't know if it's gonna do a you know it's gonna change direction but honestly you know i see it that is following this 20 sma so here we have this whole consolidation and finally popping retracing to the 20 sma popping up and i think it's going to want to come back here if you want to give it a little bit of more room then you'll have to wait for the pivot to form but then again your ultimate stop is going to have to be uh below 5 17. i don't know if you want to
wait that long and give back profits on a day like today i would take any kind of profit possible i was looking to see if we punch in the dow over that 550 so we can lock in profits and bring the stop up to break even um see russell is really firm i don't know just curious any any uh is anyone holding this crazy russell trade um okay jamie the moment of truth here you have been adding to rty awesome yeah i'm not holding anything like i said today i'm just not um a bit more conservative okay all right in about four minutes we may be pivoting from this area okay now you have a pivot see how it loves it loves this 20 sma now the final stop jamie if you're still in has to go below this pivot 42 right now if you're trailing it if you're trailing and we're back into the 42s um into ym we're almost getting a sandwich a bull sandwich here in um oil so if oil is going to start trading above 67 then we have a bull sandwich and then we can expect the next target to get back into 67 20. there we go all right we have the 50 just stay in a little bit just stay in a little bit oil is forming a doji on the one hour it still has 15 minutes to go come on oil and paul i don't blame you i'm like kind of jittery here but you know that i like to hold a little bit longer we have a full completion here we have a really good strong chance of continuing to 900. okay we have the 860s we have the next target into 80 which is 20 points from where we are right now uh because we have hit target one i can't bring the stop to break even we will have to put it somewhere below i don't want to get dinged out just because i'm just chunking in the stop too tight i want to see how we close this candle here we have 40 seconds left and within the next 40 seconds if we close over 60 or at least 50 we're going to bring the stop up to ym and it's very important that we start trading above 67 we're 3 cents in oil 3 cents in oil we need to get to 67.
awesome good job good job guys okay here we go 10 seconds to go i can't bring the stop to break even but i'm going to bring it at 800 remember that we have already taken out half at 8.50 all right now official stop goes to 800 and ym ym trail stop 800. boom there we go there we go come on all right if we manage to get over 900 just hypothetically if we start taking off because this is a super strong support zone that we're in right now uh it is deriving from a higher time frame and if we see that uh 900 and break over 900 we could uh we could see uh 9 30 or even 9 50. and we're gonna have an hourly rotation in at 9 10 so if we manage to continue the strength within the next 55 minutes to 15 minutes we can potentially trigger 9 10 and 9 10 is going to bring the sure squeeze into 34 000 which is another 100 points but we're gonna take it one step at a time and by the way you guys that nailed russell wowsers awesome awesome awesome good job we are rocking and rolling again in ciel let's go let's go let's go nice trigger cl is going to be a top watch in about um i don't know let's say 15 minutes this is the nice doji 15 minute this could have a much bigger short squeeze opportunity here we hit target 2 in ym at 880. scale some out like i said i like to take out half at 8.50 i take i like to take a quarter into 880 and then i
really like to leave some in for further trailing now this is a big decision point we are into the 10 year may on the 15 minute and you know what we need to do here we need to close above this in the next 12 13 minutes break the stop up to breakeven nym ym stop to break even on the rest so if it turns around if it turns around we already have booked profits at target 1 and target 2. yeah it did it did it did trigger yes and now brad you know the drill fingers crossed we need to we need to see how it's holding let's take it back i love this setup by the way love love love this setup if we hold within the next 10 minutes and within the next 15 minutes if we pop up a little bit higher we're gonna have this short squeeze that can take the price to 68 and possibly even 68.50 i'm not having high hopes for today but this can happen 30 minutes is also cool right 30 minutes has a another trigger at 24 25 we have it at 6710 our entry 6710 by 66.59 ym is um see i i i would like to give it a little bit more room but i don't trust this market typically typically this should be the law of the day this load this 724 and the dow should be the law of the day and same with the rest of the indices um for example russell 2100 bounce area uh 4230 area support in smp nasdaq um into this 40 level uh support has a low 45 these levels need to hold if these levels are gonna hold we're gonna go higher in the afternoon trading session but like i said i don't have a lot of confidence in this market market is very very very jittery right now i mean we've been so busy with so many trades today uh we typically don't take do we typically take one trade today we had like oh my gosh uh let me see one two three four five six seven eight traits today crazy all right so uh why am the stop is that break even uh our break even is 825 at this point it also has the port into the eight four zero so if a40 is going to hold within the next five minutes we are going to see a new high if eight four zero is going to be violated we're going to come in to eight into eight thirty eight twenty five eight twenty possibly back into the 800 or maybe even a full retracement back into the low of the day but let's see if we hold uh oil 10 more minutes left into this candle and also uh back into the 67 trading over the six trading into the 67 we need a little bit more pressure into it a little bit more buying pressure and if oil and by the way guys oil gave us a signal last week because oil was weak last week the market was still making new highs uh in some indices but oil was giving us a sign that the market is uh kind of like done uh with the rally and uh we've seen uh pullbacks and oil right and this put a lot of pressure on price so whenever we i see a lot of pressure in oil then i look at the market and say hey you know what we could possibly see the market coming in so this did not come unexpectedly today all right so let's see how that 840 is gonna be holding we still have eight more minutes left into this time segment uh by the way today we start the um technical analysis uh mastery course we started at two o'clock let's go to a smaller structure here see this 840 like i said i have my stop and break even at 25 for the rest of the position because we are into um um i think we're going to get dinked out here um on our last last lot which is not bad it had a really nice move it had a it went into 82 targeted one target two hit if it would have went to 900 then it would have had that 900 would have released the cap off resistance and it would have had another 100 point uh um room all right so here we have oil nice runny higher nice nice nice we are 10 cents up 10 cents up it's going to be a nice if we hold these highs it's going to be a nice close okay so we're done with ym done with ym so we had target 1 and target 2 hit last lot we trailed uh into breakeven but nice nice see when you are using half the size you can afford to get into more trades okay here's the 20 we are 10 cents away from our target one at 67 30 and take i'm taking half off there just fyi because we have that pivot you see this heavy resistance into the 30s that's why i'm taking off half don't be greedy just scale out skill out skill out and then leave the last law for trailing target one hidden oil and i just took half out i just did half out of oil this let's make it pay let's go let's go let's go nice nice nice we're we have four more minutes into the clothes we have another doji uh right here in now stock i could go for a nap right now wow what a busy day um nice rotation in ym but i'm not in anymore we're approaching the top of the hour and uh i have to take off we have a class that starts at 2 p.m i gotta get ready for the class okay so now we need to see uh we need to see a print of 37 67 37 in oil in order to start going higher um in oil you can bring your stop to break even thanks laurie oh i know this in these days you you could be massively down trust me everybody everybody massively down these days are crazy these days are the days that where we blow accounts okay just an fyi i am not overly bullish on oil this is just a short squeeze that we're trading keep in mind that if oil is going to start trading below 66.40 it's going to go much lower most likely to 60 because it's going to go uh it's going to do a monthly sell yes absolutely these are the best days for education not the days when you like you know when we go in it's like print money print money print money so it's raining cash these are the best days to get educated honestly these are lessons in the market okay so the indices are done by the way russell congratulations if you guys are still holding it you guys are heroes you're awesome um and i'm looking at this 30 minute rotation that has just kicked in 30 is a big deal right here so we need to see the price stabilize above 30 we have to stop and break even right now so in case the price is going to revisit 67 10 we're going to be out we have targeted one half half the size of our trade is out 67 67.3 now
there's no reason why anybody should not be out half because we do have micros available so before you could say oh yeah you know what i didn't make any money and then i put my stopper break even but now there's no reason why you should not take profits at target one no reason no reason okay okay um all right so we're going to keep the stop and here's the game plan okay here's the game plan like i said for today it's gonna be on a hour by hour watch and it's gonna be actually a 15 minute by 15 minute watch um okay let me put an alert here so you guys can see it that is the trail stop i'm not gonna stay in any longer i don't know what the market is going to be doing um it is we're gonna talk a little bit about it in just one second okay so keep that uh keep that trail stop and break even and done okay and done and printed in 0.9 done trade closed so we did 20 cents on it 10 cents if you use half the size that's perfect okay not not bad not bad okay so let's talk about the markets and the market structure and this is going to be a wrap and i can tell you what we can expect in the afternoon trading session um if you guys want to stick around and trade the afternoon i am literally done but uh this is what the charts are telling us all right number one ym like i said we trailed out so we're flat on absolutely every single trade that we took all the trades that i post in the trading room are designed to work in the first two hours however if you still want to trade the uh afternoon session these are some numbers that get ready to write them down ym if ym is going to trade over 883 with a stop and if the low of the day is going to hold if the stop is 720 it will go to 34 000. this is going to be the short squeeze if the price is going to violate the low of the day into 724 which is this candle right here it will have room for lower it will have room for much much lower so um the uh the next area that i'm looking for is actually 675 that is the next target that we have and of course it does have room for lower uh as well you can pick up the targets off of your um four hour hourly charts and also daily charts m esmp triggered this rotation 10 o'clock was the low of the day today hasn't violated the low of the day just printed the law of the day into 10 o'clock uh the low is 31.25 if it breaks below 31.25 it's going to go lower we do have some levels here 40 to 11. this is by the way this is a massive support level i it wouldn't be a
surprise for me if i see the price even go to 4 200 and then trying to take out again the stops because stops are in right now uh the stops are in from traders like us that are looking for the counter turn trades and they're looking so now our number one goal is to see if they're taking some profits off of this massive down date that we've had in the market right now 71 points down into the mnesmp so if we violate this 4200 and if we stay below 4200 shorts are still going to have the upper hand so look for shorts uh below this 4200 uh also uh if the price and you can see that the trigger point was uh 42.50 lori has mentioned 42.50 before the market opened uh as a key level so once again the market has rotated off of that key level and it didn't have a lot of uh momentum to actually complete a retracement uh and complete a pullback uh from this into this downtrend into like this into the 65 area 65 is becoming the new resistant spot in nasdaq we do have a 10 at 10 a.m low so you can see that we have really formed nice 10 a.m lows for the new york trading session and as long as these 10 a.m lows are going to hold throughout this afternoon these are going to uh pretty much be in play even in the overnight training session and in the afternoon session or in the overnight trading session if we violate these 10 am lows then we are going much lower and in nasdaq we do have room for lower at least to 14 400 and 14 300 this could actually be here an hourly cell however this is complement support so this is uh don't take this very very lightly i would like to wait for more confirmation before we put in some uh for example some swing shorts into these areas all right so we already triggered a one-hour rotation over uh 520 we uh we actually and we were actually stalking remember that five minute right here and i said you know what i just want to see the other indices participate into this uh into this rotation and it happened so fast it took the price higher challenge the prior high from the open and now it's coming back in so it has violated the 20 sma once it violates the 20 sma especially on a small time frame structure um the pattern is a little bit more damaged so it's going to need a lot more calibration before we look at a longer or short the big winner today was russell russell managed to come back up it's actually uh down point seven percent and it was down more than two percent when the market opened and um it it has violated it has broken above this resistance area into the 21 uh 2147 massive support like we have discussed in the pre-market game plan into the 2100 those uh multiple tops uh from the weekly chart that we talked about and we said that we reached the uh 2100 we popped 2100 we popped 2100 we popped again and here we are popping again over this uh we will talk more about this uh uh tomorrow and depends on how and where we close today we're going to see what the game plan is we're going to take it one day at a time it's better and it's safer to do it this way uh gold is into one nowhere no place to place the trade territory so we're just going to leave it alone and oil uh finally we have this nice bottoming uh bottoming candle uh and if oil within the next uh 50 minutes uh is going to take out of the high of 67.35 so it needs to print 37 38 or so it's going to go for a squeeze into the 68 or 68 30. i was really hoping that when we got in you know it would really do that uh right now but if the market is gonna become weak uh take a look at oil because if oil is gonna start bleeding again you're pretty much going to see the indices follow along okay all right this is it for today guys i will see you at two o'clock thank you for enrolling in the power um no in the um technical analysis mastery course we have the power income futures trading course scheduled for next week so uh there's still very few seats left i don't work with many many traders at once so if you want to join you guys are going to have a priority if you want to sign up for the course uh and that is starting next monday but today and tomorrow we have the power income we have i'm sorry we have the technical analysis mastery course it's from two o'clock to four o'clock thanks so much everyone and i will see you in class at two o'clock for those of you that have enrolled if not i will see you tomorrow at 9 00 a.m this is a wrap enjoy the rest of the day and stay safe in this market bye guys you