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LIVE TRADING FUTURES | USING EDGEFUL TO FIND A+ SETUPS
Recorded: March 21, 2025 Duration: 2:03:10Space Recording
Short Summary
Market opens red amid triple witching, signaling potential volatility and trend shifts. Traders are advised to monitor key price levels and market sentiment as indicators of growth or decline.
Full Transcription
The I'm going to go to the bathroom. The I'm going to go ahead and turn it off. The The The The The The The The The The What is up? Good morning. Buenos dias. How is everyone doing? Happy Friday. Happy triple
witching Friday. Happy March Madness. A lot of things going on. Hope everyone is doing great out there. I'll give it a moment or two. Market just opening up here.
And we opened up red.
I was looking at the weekly charts here real fast.
Let's bring it in for a second and see where we're at.
We almost touched at 600 basically, just bounce.
Look at this, 100 point bounce.
I expect a lot of erratic price behavior today.
But we'll see what happens here.
Get things set up.
Oof.
Right back down.
Where's my music?
There it is.
Boom.
There we go.
There we go.
Now I see you guys sliding in the chat.
What is up gambling bear? Crossbars. I'm
waiting for Mr. Jayhawk to come in the chat this morning
because I'm going to talk some trash about his Kansas Jayhawks
last night. I cannot wait for that. Please come into the chat very soon. We'll have some light hearted fun.
We broke previous day low, obviously. We're right at the Tuesday low, which is the low of the whole week, basically.
So if we lose this, things can get really ugly today. There we go. All right, hold on.
Guys, we'll get into the trade.
I'm not taking any trades early today for sure.
We'll go over game plan.
We'll get everything going.
Jayhawk, Mr. Lawrence Man.
Last three minutes mid-league, we're gone.
Plus had no download game.
Let's see what we can say.
Hey, one of my Razorbacks, my Arkansas Razorbacks, took down
Kansas yesterday. I was confident in it. I picked it in my bracket, just so it's not like I'm just
taking a victory lap here. I thought we would win that game. But from my side, it was so frustrating
too. Watching that game was crazy frustrating because we were playing very well. The first
half was incredible for both teams.
Like if you were a neutral watching that first half,
that was an awesome game to watch.
Slowed down in the second half.
But I got nervous and we started doing just dumb stuff
and just letting you guys hang around, hang around,
take a slight lead.
And then we finally turned it back on,
figured things out over the last few minutes there.
And then y'all lost that one player too, that was rough.
So tough, tough.
I was on an emotional roller coaster.
I always tell people,
I'm so used to the Razorbacks letting me down,
that I think that's why I just stood awhile
with the emotions of trading,
because I grew up a Razorback fan.
So like I'm used to the emotional roller coasters,
just getting your heart ripped out in the last moments and everyone's wild, catching the win.
So that was fun.
March Madness is fun.
All right, guys, speaking of March Madness, today from the trading front, we will have
some madness, some March Madness, Triple Witching.
So what is Triple Witching?
Does anyone know what Triple Witching is?
Does anyone?
I'm sure some of you guys that have been trading for a little while understand.
Um, essentially triple witching.
Um, today you have, so every week, you have weekly options that expire every month.
You have monthly options that expire and then every quarter, which is three months,
obviously you have that expiring.
Well, four times a year that all falls in the same day.
Today is one of those days.
They call it triple witching.
I actually like that because it's like a scary sounding thing
like, oh, we got triple witching, whatever.
So the interesting thing with this is,
one, I know that the notational value or whatever,
notional value is $.5 trillion dollars of options
that are expiring today. So where does that money go? Well they have to close out these
um they have to close out these positions and they roll them out. So if you are a major hedge
funder institution and you've been sitting in quarterly options
or look sometimes there are option strategies too I don't want to make that clear so you
may be sitting in a well this 600 area is really really interesting by the way
all right I'm watching this real, I almost want to scalp it but I'm not going to do it.
I'm not going to do it when we face it this morning.
So what does that mean?
So let's say you have some type of auction strategy, so you have like a condor or a spread
or a collar trade or something.
So the thing is, all that money is going to be closed out and they're going to roll it out to,
you know, the next place that they want to be. So just the easy example would be if they've been sitting in by, I don't know, 580 puts or 550 calls or something like that or some type of strategy around
that.
They're going to close those out and roll those out to maybe June 600s and 500s.
Maybe they put some type of butterfly or collar or one of these other options strategies on
there.
But what they're doing is as they roll out these positions,
price will start just getting very erratic,
jumping all over the place.
I trade very, very light and more of like scalpy,
if that makes sense today.
I don't look for big continued moves.
I think there's a lot of head fakes and jukes
that happen on a day like today.
So I wanna definitely keep it tight to the vest.
So my plan is to see if we can find
an opportunity this morning.
Scalpel trade, maybe two trades if it presents itself.
Very picky.
And then I'm gonna turn on basketball by noon.
By the time I end this stream,
I'm gonna have basketball playing on at least one,
if not two of my monitors.
And just some charts here just to kind of keep up with what's going on.
But that is my actual plan.
That's my tree plan for the day.
Just so we're absolutely clear on what's going on. All right. So what's the market doing right now?
Well, Q's are down 1.2, spy's down 0.85, IWM's down 1.2.
I'm already seeing Nvidia's pushing new lows right now.
It's down 2%.
Microsoft is slightly red, Google slightly red, but they're pushing up right now.
Tesla's green this is over pre-market levels and I'm versing what's going on in the
market what else is weak off the open Amazon looks the same as Google in them
so does Apple meta actually whipped up to.90 above pre-market high, got smoked back down.
But yeah, we'll see what happens.
Let me measure out something here and just see what this looks like.
So from that load to that load.
So we actually did wick below.
This was Tuesday's low. So we just took out not only Thursday, previous day low, we took out Thursday's low, we took
out Wednesday's low, and Tuesday's low.
So three, the last three days of lows and the weekly low, I guess.
Goodness gracious.
All here right at the open.
That's not fun.
What do our gaps look like?
Big gaps, big gaps.
We're not looking for gap fill today.
Look at that.
Bearish 1.0.
Let me jump into the actual report here.
1.0. Check the odds.
1.0.
75% chance we don't come back up and fill.
That's a pretty big one.
Wow. I would think you'd come back up and test the previous Dayz Lo, but there's all this box right here too.
Oh, QQQ. We didn't actually take out Tuesday's live just yet.
If we, well, if we hold right there,
things could be worse. What's spy look like?
SPX 5600 today.
Wow look at this line that I drew here.
473.
What are you guys looking at? Jayhawk, Crossbar, Mr. Gambling Bear. What else we
got in here in the chat this morning? What are you guys watching?
That 20-day EMA has come straight through. I don't like, you see these top wicks right here on the daily? This one, this one, and this one.
I don't like that.
Every time we've tried to move up, every time we've tried to move up, it's gotten just smacked. Tesla didn't have that event last night.
Gambling Bear's long 644.
Can you get over 720 though?
That's going to be the issue.
644, where's that about right here?
Okay, there you go.
Gamma bear making some money this morning.
A lot of buying on the tape right now.
But once again, I just don't know if I trust this thing, but
that is looking at Tesla Tesla had an event last night.
So they always do this with their.
Tesla doesn't look good. I think Tesla goes to 250 today
Tesla could go to 250 day if you're looking for an absolute lot of trade Let me turn off.
All right.
I like Tesla actually. Tesla so, before I hit this comment, Tesla had a, what do they
call it? I was watching it last night. All hands on deck. Basically, so what they typically
do, it's like an all employee meeting with Tesla, kind of like a state of the union,
like, okay, what's going on? Just like a company wide update. Just say, here's what's going on. Here's where
we're at. Here's what we're working on. Here's our thoughts, our vision, blah, blah, blah.
They decided to do it publicly, which I can see both arguments. I thought it was a good move.
And I think a lot of, obviously, people that are on like a bullish side of Tesla, they're going to
say it's a good move. People on the other side of the equation are gonna say differently.
They're gonna say, they're coping, things are bad,
they have to try to do something like this to save face.
I hate that argument, I really do.
I don't hate that argument.
Either way, they did that publicly.
So they let basically they streamed it on X.
They let everyone kind of watch as the presentation happened.
I thought it was pretty cool.
Nothing like huge came out of it or anything,
but that wasn't the point, right?
But I do think it was inherently a good sign for Tesla.
So Tesla getting over right here,
I think Tesla can make it run.
Tesla loves to really get going, especially on Fridays for whatever reason.
All right, let's come back down.
I do like that look on Tesla.
Okay.
Watching the ES, let's take a look at the ES chart here.
Yes.
I'm using the M charts, by the way. Hopefully you guys picked up on that
the other day, but I'm using the end chart that's June today is the expiry of the H.
Can actually take those off. Yes, want to hit yes. And we'll keep going through the
comments here. I am not interested in taking a trade right here because of the 720.
I'm not.
Everything up to 750 is just troubling me. All right, back to the EAS.
So taking a look at EAS,
the 650 area on EAS, on ESM really needs to hold,
in my opinion.
You really need to hold here.
You held where you needed to.
That has absolutely got to hold. level. Looking for a large expansion day. Close below 1965 in Nasdaq and it'll go short.
Yeah, I mean, we lose 600. I think you start, you could really start getting ugly down here, but at any point you
could like, like one of these things and just fly back up.
I do think and then and then get smacked right back down again.
So that's why today and you know, I'm sure some of you have traded these triple witching
days before, but it's a, it's just such a rough day.
Rough rough rough day.
As far as like, like you catch an entry off the level,
we trim fairly quickly, lock in the profits, and then maybe if you leave like one or two really small runners
just to see if it can go. That I think has got to be your approach on a day like today.
just to see if it can go.
That I think's got to be your approach on a day like today.
We have broken previous days lows on both of these. We have a gap big enough that we shouldn't
fill it. Now once again today's a wild day it can happen, it could absolutely happen. But
Um, this just doesn't look good to me.
this just doesn't look good to me. I don't want to short this early in the day
I don't want to short this early in the day, but this is definitely
attempting me to short, um, yeah.
Some further Tesla stuff here.
Uh, yeah, I saw Tim Walz.
He was, uh, Tim Walton might've may have marked the bottom of Tesla.
If you haven't seen that clip is a pretty funny clip by Jayhawks talking about here.
It was a...
It was, yeah.
Funnies are going to be the...
I'm just going to stick with the term funny.
It was a funny clip to me.
The biggest news from the All Hands meeting, that's what it was called, All Hands, thank
you, was regarding a question concerning castings,
Elon hinted that they could be increased
the size of castings and not have output per cast
with two to four or five castings.
I did see that, I saw some tweets out of that.
I thought that was interesting.
I actually thought that was interesting.
My thing is, the only takeaway I had
that was of any substance was that he wants to,
what do you call it?
He wants to make an airplane or like whatever,
but he said he didn't have enough time right now.
But it's because I think they are so focused
on what Tesla is doing.
I really want to try to shorten the 720 to 750.
Tesla is absolutely ripping.
I was going to take a lot of retreat today. Definitely be Tesla.
I really saw I would take him. I haven't taken any entry, but I'm really looking at a short that looks like this. I I have not taken this trade yet.
This is what I'm looking at.
I want to see if it's going to stop here first.
Yeah, if it comes up to VWAP, this would be my short area.
Where's my box?
Straw box today.
That's going to be my box. Patience, patience, patience.
That previous day low, just a little bit higher.
That's going to line up with a 750.
All right, I'm going to go very light and take a starter right here.
35 ish, 40.
Hold on, hold on.
Let me get, let me get an entry over here.
All right, I me get an entry over here. All right.
I just took one entry. I don't have a whole lot of
ammo to trim but the seventy
five would be the first uh
spot and it's almost fifty
points. Forty points. I don't
have enough size like so. I
got to trim fr trim right here. I took a bigger trim than I normally would percentage-wise too. I told you guys I'm gonna be very scalpy looking today.
What time do we have till that org? I wish we had five more minutes. You guys are talking about me too, I'm gonna be the other guy. Yeah Roadster might be flying after all.
Yeah he wants to make a he wants to make a supersonic jet like he wanted to you mentioned
that that was really interesting. Cameling bear, this is the way.
This is the way.
I'm going to give this a little bit more room on the other half of my position.
All right, so I'm going to finish this trade green no matter what happens.
If we reject here and start coming back down, I could add again in the same area.
I think it comes down. There we go. Reject right there. Make this an easy trade, please The good thing was we got that 50 point trim and we're only risking 28. I still think we wick into previous days low.
We may even come up a little bit higher, like up into this area.
That's not a bad spot right there to reject.
Spy weaker than Hughes so far this morning.
There's a long way for Spyidey go for previous days though.
Gammon Bear's gonna write them. Take my 90 points and start the weekend. I'm so
glad March Madness is right now because the way the
market where we're at in the market plus triple witching
today.
We had we had two inside days last two days were breaking to
the downside.
If it breaks and reclaims like I could see the you'll it there but a few more minutes the 30 minute or about to set 2 tbsps. vanillin 1 tbsps. vanilla 1 tbsps. vanilla
1 tbsps. vanilla
1 tbsps. vanilla
1 tbsps. vanilla
1 tbsps. vanilla
1 tbsps. vanilla
1 tbsps. vanilla
1 tbsps. vanilla
1 tbsps. vanilla
1 tbsps. vanilla
1 tbsps. vanilla 1 tbsps. vanilla What else is going on in the market today?
Apple and Meta are pushing new highs. Alright, this is probably going to take me out.
I remember this the other day the 700 to 712 up to 730.
I remember this area from this day.
All these rejections right here.
The 750 is a big area.
Look left on your charts guys, the 750 is a really big area.
There's a DWOC rejection.
You've got the EMAs here.
Break the EMAs, we have a nice trade to the downside.
If we don't, we stop out tight risk with the runners.
Can't go right on the straight
Cannot go right on the tree All right, there's, there we go.
Come on.
Reject and come down. This one's just me a patient, let the tray work out.
I'm not going to overthink it.
I'm not going to overdo it.
We get to six right here, 660.
I'll take turn two and then I'm just going to see if this can go down here and uh, lock
in some money to start the stop.
I like that 5 minute shooting star there.
We just need this candle to follow through.
If we lose 700 to this area right here, we should just boom.
And look, we hit that previous day low.
We wicked into it perfectly right there.
Spy looks even worse.
There we go.
There we go.
The only thing Tesla, I liked what Tesla looks.
If you're bullish, I like what Tesla is doing.
The problem is if you are,
if the market's not cooperating, Tesla's gonna have trouble.
The market does cooperate.
I think Tesla's one of your best bets today.
Apple's back red.
Just kinda seeing what else is going on here.
IWM looks terrible.
There we go, there we go, come on.
Just get through this one level.
One, just get through the one level. That's Waller making a lot of comments right now. 아 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 이제는 the the Some bottom wicks though, I guess if you're being fair here.
I don't want to just see one side.
Tech is definitely stronger than SMP right now.
We'll see who wins this battle. Alright look they closed back a pop. Oh, pick your spot and chill.
Oh, I forgot.
I have an energy drink today.
I don't have coffee.
I found an energy drink.
Let's get fired up.
I don't know what this is.
Ampere, Kalaka punch.
Oh, we'll see.
Oh it tastes like mango.
I don't know what that tastes like, it's good.
Like a fruit of the mango. Oh bitty.
Oh bitty. Oh bitty corn. Tesla's about to dump. I hope the whole market's about to I'm going lighter size today than I have been the last few days with Hiveix.
Vix is back over 20 by the way. We don't see any big size anywhere on the features just yet.
Actually, there are very few sitting orders anywhere.
Same with the ES.
I could see this like looking like it's going gonna go break out down here or break down and come
down here just go.
This low this area on the low is not a bad area.
And it came off of this morning. I'm hoping to test it again. I may lock in some profit here Trust the trade.
So does it count as quadwitching again with Bitcoin options? Come on down. Come on down.
Midpoint of the 30 minute orb.
Come on down.
Big down candle on meta.
The video is looking hideous.
New lows IWM.
Spy almost at the lows.
Spy on ES.
Yep, there goes ES andS. and Spidey.
Come on. Come on. Come on.
I'm going to make some money so I can watch basketball.
I want to make some money and watch basketball.
I don't think Friday can get any better than that.
There we go. Closed under the EMAs. I don't think Friday can get any better than that.
Area closed under the EMAs.
Let's push down here.
Let's get down here in the 560 area. I'll just tell you guys, there's my trim right there. Flash it, flash it, flash it.
Send it to the gulag. Oh, Tessa came down pretty hard.
Oh, oh, oh, here we go.
Here we go. Oh, come down a little bit lower.
A little bit lower. Oh. Oh I spiked it right at that pre-market low.
What did SPX hit?
5603, new low on SPX right there. What is up, Options Grower?
Good morning, happy Friday.
Oh, I just missed my trim by two points, so that's painful.
Oh, that's painful. painful they're gonna do me dirty What's Amazon looking like? Ooh, Amazon just gap filled on the previous 15 minute candle.
Ooh, Amazon pushing over.
Meta decently strong. How much are we going to bounce without Nvidia?
That's brutal, two points away and now it's bounced up 50 points.
Oh man, oh man.
Come on back down.
I trimmed right in here the first time so needed a little bit more on that second trim
this actually looks decent
all the way back to entry. I don't care.
I'm chilling.
Chilling like I'm Dylan.
We're going to go higher and we stop out.
Whatever.
We locked in profit.
I know Gambling Bear locked in his profit.
Called it a day, my man. I think the movement's so slow. 1.5 kg of chicken thigh 1.5 kg of chicken thigh 1.5 kg of chicken thigh
1.5 kg of chicken thigh
1.5 kg of chicken thigh
1.5 kg of chicken thigh
1.5 kg of chicken thigh
1.5 kg of chicken thigh
1.5 kg of chicken thigh
1.5 kg of chicken thigh
1.5 kg of chicken thigh
1.5 kg of chicken thigh
1.5 kg of chicken thigh 1.5 kg of chicken thigh Let's take a look at a lot of data here in just a second.
Actually, let's flip the screener.
All of these filled their gaps already? Wow.
First 30 minute candle was green,
but let's see what the first hour is.
We're gonna get some chop, really some chop recipe it looks like,
which I can't expect, but it makes sense.
But I'm looking at this,
I'm already looking at the data, right?
So I'm looking at the first 30 minutes,
first 30 minutes.
So we opened the day right here,
and that first 30 minute candle
closed
Right here. That's a green 30 minute candle. That's usually a green day, right? But we also have
On the videos per can of fluid We also have previous day low broken.
That's usually a red day. It is so slow.
Yeah, right.
Looks like that Clemson basketball game yesterday where they scored 13 points in the whole first half. This looks like.
Now Microsoft and Apple are coming down a little bit on the current candle, but
Nvidia is pushing up a little bit into the EMAs.
NVIDIA is our weakest player by far.
I'm gonna do something. 2.5 cm x 2 cm I'm spying which pre-market low and came back here.
Hmm.
Gosh, this is so slow. Oh man.
What was that? Oh man, what are we doing?
We got a few minutes until that IV. Oh, how much time we have until I heat?
Eight minutes?
This looks like it wants to resolve higher. Why don't you come wake this up and then...
Yeah, this is gonna push.
Yep, there's my stop. Are they gonna do me dirty?
Probably, that would make sense for a day like today. I'm going to do it. Are they
going to do me dirty? Probably
that would make sense for a day
like today. if if
if so
oh Probably, I mean, we could reject here. I'll take a look. Where's VWAP at right now?
740. I'm going to leave that right on VBOT.
So here's the other problem. gotta wait five minutes at least this looks like it wants to go higher looks like it wants to go higher. Looks like it held those lows pretty nicely.
But do I believe my eyes?
790s area's gonna be an interesting spot. The IB, and I mean the IB is going to be right in this area unless something crazy happens
next three minutes.
Are we going to get rejected at previous day or trying to push into it. They flipped the 720 and I kind of like it for a long. Oh, what do you guys what are you guys thinking?
Long short or basketball. It would be too aggressive to get along here. All right, so we have IB.
We have opening candles.
So I'm going to go through the data here in just a second guys.
We'll set up a game plan here a little bit.
I think it's going to be a very chop game plan like my game plan before I even saw this
and before we even go into the data a little bit deeper is still the same scalpy and probably
a chop day a very choppy erratic price action day.
I think you run a risk of like these moves just really moving rapidly against you,
just to come back in your favor. Look at that, right at previous days low. There's just nothing convincing about this yet.
IB high, the IB should break today.
This isn't that big of an IB. I actually have a decent sized orb for once that's promising. Right off the MA9 right here.
Hmm.
I don't know.
I still see the biggest sell of the day on in Q was on the red side.
A couple following it just now.
We are dead, cumulative delta is like breakeven.
Breakeven. All right, let's just take a look at the data while this figures itself out.
All right, IB.
I mean previous days range.
Previous days range, bearish across the board except for Tesla.
Meta and Amazon haven't broken either side.
Bearish previous days range. We don't have an't broken either side. Bearish, previous days range.
We don't have an IP to either side yet.
Opening candle is bullish.
So there we go.
We have chop, chop, recipe.
What does that mean?
Look, if you're on here on Edgeful, which you should be,
if you're not on Edgeful, I don't know what you're doing.
But here we look at it. QQQ. First 30,
I mean, I'm sorry, first 60 minutes. Green candle, which is what we got. We have an 84%
chance of a green day. That is one of the highest stats that you're gonna see.
Now the problem with that is,
go back to the screener,
previous day's range,
broke the low.
Wow, there it goes.
67% chance of a red day. So we had two things button heads with each other right now.
We don't have the IB break yet.
I personally would like to see this swap higher on both of these.
Do we back test the 20 just now?
No, we still didn't get down there.
I can tell you this the other day,
or I don't need this anymore.
Actually, you know what?
I'm gonna move this the other day. All right, I don't need this anymore. Actually, you know what? I'm gonna move this right here.
We'll just put it right there.
So this area right here, the other day,
if we go back here, let me just scroll back over there.
Well, is it Tuesday we did our stream?
All right. So see this lower area, 660,
660, 675 maybe that area.
And on the upper side, it's the same 750. So Tuesday there was
so much time spent here this is a huge huge area. Okay, so outside day report.
I actually like this report a lot.
We're going to take a look at this outside days.
We're going to do QQQ outside days report.
So what is this one saying?
Let me get down here.
There we go.
Do they have the bearish area?
Do they have the bearish?
There we go.
All right.
That's not the...
There we go.
All right.
Open below the previous day's low.
You should come back up and touch it.
We've already done that.
Bearish outside day.
62% of the time you come back up by a quarter.
You should come back up and touch it.
You should come back up and touch it.
You should come back up and touch it.
You should come back up and touch it.
You should come back up and touch it.
You should come back up and touch it.
You should come back up and touch it.
You should come back up and touch it.
You should come back up and touch it.
You should come back up and touch it.
You should come back up and touch it.
You should come back up and touch it. You should come back up and touch it. You should come back up and touch it. You should come back up and touch it. time you come back up by close touch previous.
Do I have all that?
Either way that's the same point that I love this report.
I've done videos on this on my personal channel.
So what is that saying?
That means previous day's range when you open up below it, we opened up down here, right?
When you open up below it,
you should go touch previous day's low.
Now, from a trading perspective,
something we watch for is a reclaim of this.
A reclaim and sit above this line,
break above it and then hold it, hold it,
then we look for this, right?
But if we get up into here and fell,
and look at this, we're falling right
at previous day's range.
But this morning, honestly, the long to that,
and that's why I was waiting to get short right up here,
because the long to that, this is a great point,
woo, way to bring this up.
In the morning, I don't like to trade right off the open,
but that definitely was a trade to look for
because when you bearish outside day when you open below the previous day's range, so
below yesterday's low, which is where we opened right yesterday's low right here.
You see the line here.
We opened up right down here.
That means we have a stronger probability
that we're going to come revisit previous day's range. What is Market leader Celsius is up 3%. No, yes it is. Holy shit.
Well that's wild.
The real market leader is Walmart, who is trading at a
higher multiple than Amazon right now.
Alright, now here's the decision point. Do we try the long right
here? I don't like it because of that previous rejection. Now I
got stopped out, whatever, I don't like it because of that previous rejection. Now I got stopped out, whatever, I don't care.
I'm not gonna chase a trade on a day like today.
This rejection right at previous day's low
is very unsettling.
Very unsettling.
Now the other thing is we have bullish opening candle.
We have the bearish cap fill
and the bearish previous days range,
but we could close anywhere in this range
and still close right over there.
I think that's the,
you gotta put context with what you're looking at.
We did not hold that. I really think we go
take out those. the Yeah, yeah.
In the future, you have a few more options there.
I like watching the cash session,
the New York session more than anything.
But there are some great other ways to look at it.
This is a great point from Wu right here.
You see it on your screen.
All right. I really want to do this.
Yeah.
Alright, I...
I want to try this light. I just got it right here. the I like it. 2.5 kg. of bread. 1.5 cups. of water. 1.5 cups. of flour.
1.5 cups. of water.
1.5 cups. of water.
1.5 cups. of water.
1.5 cups. of water.
1.5 cups. of water.
1.5 cups. of water.
1.5 cups. of water.
1.5 cups. of water.
1.5 cups. of water.
1.5 cups. of water. 1.5 cups. of water. Boy, Tesla.
Tesla looks good.
Market doesn't look...
Well, the market's neutral, be fair.
Nvidia stuck under previous day's low as well, just like Q's are.
Let's spy down.
Spy looks a little bit better now than it did earlier. I'm gonna go ahead and do that. We're coming off of D-WAP on KQQ. Needs to reject here.
Or are we going to go take out that Ivy High first?
As long as we stay under this previous day's lower here, I like the short, which is top
of this candle. Oh boy. Oh boy, big bottom wick.
Off to that.
Should have waited.
Should have waited. All right, small add, same risk.
Right there. We need to reject right here.
They're not like that candle bit. if Yep, I think this is gonna go back and set me up. Right here, reject. I I did basically hold this lower high lower I mean higher low going to go higher. Oh, it's so slow today.
Slow usually favors the bolts. The other thing I don't like about this is the spy hasn't revisited its slope.
Way up here.
Just look at all this traffic though that Spy has to do it.
Yeah, it's not rejecting.
Back above VWAP, above the EMAs, this is a tough...
This is so neutral though, I mean... The Q in the Delta and Q is normally in the thousands red or green.
It's a 27.
That's crazy.
All right.
I'm going to stop out.
No, it didn't stop me up.
No, didn't stop me.
Didn't stop me up.
Come on, just get the paint over with. Yeah, I'm starting to look more constructive now.
It was the weaker one.
QQQ it fought previous days low rejected it rejected but fires fires fires looks like
it's gonna come come higher we'll see yeah look at that opening right on top of BWAP
here I got a feeling it's gonna go.
Stop me up, stop me up.
I really thought we were gonna stay under this right here and reject this box.
I drew has been magnet though. if
if I'm on replay mode and I can just hit play faster.
Let me show you guys what I'm seeing on these others.
The video is rejecting.
The video looks bad.
Tesla looks okay.
Netflix looks strong.
Look at Microsoft.
Microsoft looks bad right now.
As I look around, all the heaviest-weighted stocks in QQQ.
Google sitting on Orpi and the EMA9.
Google looks decent.
Costco rejecting at some level I have up there,
put it point.
Broadcom and Amazon.
Amazon doesn't look good, Apple looks okay.
That's what I'm seeing across these other things.
Where are we at on the old contract, by the way?
At 400, but we've rejected
Well, this is this expired that's where we closed out was 400 this point or 450 that's interesting
At least I can delete these old ones off here.
And now it's holding that 720.
I'm not going to get shoot out here though.
I'm not going to flip shoot out here though. I'm not going to flip around, try to go long.
What am I at? Breakeven?
Maybe I just want to get out of this position.
Maybe it comes back green a little bit. I may just get out.
If it gets under this, I'm just going to pull my stop down here.
I don't want to just sit in a position that looks like it's
invalidated based on this.
It hasn't invalidated as far as the orb.
It seems like we need to break that IV to one side of the other,
which would make more sense to go up higher first.
But I also have set my risk reward. So that's so that's the mental battle right now.
It looks like it wants to go higher, even though, yeah, now Spy looks a lot better.
Spy's 5 minutes and 15 minutes look way better.
Look at Spy. I have an old level drawn on my other chart right here on QQQ that we rejected this like
36. I'm going to go to the next
one.
Yeah, they're flipping rolls right now, right?
So yes, what is YM doing?
I haven't looked at YM.
Look at that, YM looks pretty good.
YM looks like he wants to go jump up here.
What a battle, look at this.
This is a March Madness type of thing. Large night's I'll see how this doesn't go stop me up. Yeah this is about to go.
Yep.
Bye bye. There it is. Yeah, this is about to go. Yep.
Bye bye. There it is.
Wake myself and go back down. Watch this. th Interesting. Interesting.
All right. Well, a little red, a little red.
We need to take out that IB. if if Yeah, I just don't see much here.
You're not going to wall him into this. if
if if Okay. Interesting.
Right here is a spot. Okay. I should have gotten one off this floor right here.
It is a fumble.
Look I'm feeling frisky.
Let's try another one. This is probably the best move here.
Backtest of orb or IB.
Buy backtest if we get it.
This down here.
Let's see where's Q is.
Get the back test of that IB.
Right here. I just want it right back here real fast.
Come on back, 775. This is going to push harder than I want it to. 2 tbsps. vanillin 1 tbsps. vanilla 1 tbsps. vanilla
1 tbsps. vanilla
1 tbsps. vanilla
1 tbsps. vanilla
1 tbsps. vanilla
1 tbsps. vanilla
1 tbsps. vanilla
1 tbsps. vanilla
1 tbsps. vanilla
1 tbsps. vanilla
1 tbsps. vanilla 1 tbsps. vanilla I think I'd rather cease by a period before I short. the
All right, I'm trimming, I'm trimming.
20 points.
Bowling's getting some news.
All right.
Trimming, trimming.
All right.
I'm almost out.
This is a scalp trade.
There we go.
Okay.
I'm out three fourths here.
Stop in profit.
All right.
I'm almost out.
This is a scalp trade.
There we go.
Okay.
I'm out three fourths here.
Stop in profit.
All right.
I'm almost out.
This is a scalp trade.
There we go.
Okay. I'm out three fourths here. Stop in profit. All right. I'm out three force here. Stop in profit.
There.
Boeing just got the fighter jet contract
and Lockheed Martin selling off. Boeing is ripping.
Big move on Boeing. What's Lockheed Martin doing? Boom. Oh, bye-bye Lockheed.
enough.
All right, I'm out.
I'm out.
I just closed it.
All right, that made me go back green slightly.
Nothing to talk about.
Nothing to talk about here.
There we go.
Okay. There we go.
Okay. 2 برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برقصة برق if Yeah, I think we finished today in this box right here.
We probably go a long way.
You don't know where.
I mean, we could do this all day, something anywhere.
And I think we close right here that's that's what I think is gonna happen
Or or we do this all day
I think that's what happens one of those two. I think we go a long way to close in this area.
Okay, well.
How long until basketball? I'm gonna go home with a hundred bucks today and get to watch basketball.
I am happy with that.
Hey, there he is.
Look at this.
As I'm saying it, this guy comes in.
Time for basketball and beers.
That is the actual move that I'm looking for today.
That was a nice little scalp trade. Yep, I wanted this to reject, come test this and then do something like this, but didn't
always, didn't always play it like I want it, but I figured out how to adjust that little
scalp trade.
So the first trade was green, second trade was red, in this trade,
I was able to get myself back green slightly.
Kind of looks like it's flagging.
I could long this 750. I feel like I could want 750 if it comes back. Yeah. Hey, what do we watch?
What game do we have first today? Who plays first today?
Yeah, Frank, that's the box.
That's the new, that's where I think we finished today.
So Frank is talking about, where's my, what's going on here.
There's your new box to explore. All right, look at this. Golden retrace is also up here.
So this is a possibility.
Nine, twelve.
Let's keep nine
twelve on our minds and 850.
That's going to be the bigger
levels for me the rest of the
day. We go any higher. It's
850 and 912.
I don't know. There's I have
too many levels to watch. This
is the pivot point. Nine I don't know. There's I have too many levels to watch. This
is the pivot point 912.
Well, this is this could be an
ugly, ugly day to trade. I knew
that going in. That's why like
just like fought to get green right there and I'm just, what time is March Madness?
I just like fought to get green
right there and I'm just what
What time is, I don't know what time zone this thing even is.
10 40 AM.
Is that 1040? 1015. Is that right now or is that in an hour? I think that's in an hour. I bet I can find that over here. Oh, here we go, this one's got time zones on it.
Is that 10 40?
11.15, so one hour.
Look at this Celsius?
Look at this failure, massive failure here.
How well do I buy it? ស្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្្ the This is where this wippy action happens.
I could have held that short.
That goes it.
That could have been really good. I had that short at 803 and I closed it at 775.
Now I don't like this the way that came out.
Now we're going to crush this thing.
Now we're going to crush this thing.
Look at this.
Oh my gosh.
I had it.
Oh dang it.
I had it.
Oh man. what is this? How do I copy this box?
There we go.
Oh no, I want to clone it.
There we go. I need to figure out what that button is.
Oh! What? Well, William just talking a lot right now.
It's a good point from Frank.
This is the wippy action I'm talking about.
Like, it's like if you just wanted to like blindly buy the back test here.
Look at that.
Oh, way further than you wanted to.
Falling or pies. not a good look.
Oh, we're sitting on previous day's low.
This is starting to look really airflagging.
They're starting to look really fireflaggy.
I mean, is this starting to look bad to anybody else?
That looks rough.
That's not a good look.
You gonna go along there?
I don't know.
This is dumb.
This price action is just dumb.
Frank I had the short and I covered it quickly because I was like, I just want to get back
green, scalp it to here.
I got out on the bottom of this candle, 776 was like, that's it, stop.
And I said, no, I'm out.
I think we're coming back to 680 now. If this fouls here, I don't think this holds. I think it goes to 680.
But I can't get short here. Oh, this thing looks like it wants to go to gulag, guys.
Oh my god.
It looks like the Gulag, Frank.
This thing's toast.
This thing looks like it's going to the Gulag-Nulo day and I'm not a part of it.
That sucks.
I see multiple bear flags that are about to break to the downside.
Multiple. multiple. There's the failure of IB. This is a tiny IB on spy.
What QQQ loses 475, which is too long. All right, we have five minutes left on the stream.
Look, this is where the chop comes from, guys. Build your screener out, get on Edgeful.
If you're not on Edgeful, I don't know what you're doing
anyway.
Get on Edgeful, build out your streamer.
Streamer, screener, I cannot talk this way. I have to kill this energy drink
Cheers to Friday to March Madness to triple witching quad which I wonder if it is quiet witching now because we have the crypto options
because we have the crypto options. But look at this. This is so mixed. I see all
bearish here. I see bullish here. Mostly bullish here. That is Chop City. Chop City
makes me think we end up here by the end of the day.
We didn't hold previous day low here either. the 2 tbsps. of butter 1 tbsps. of sugar 1 tbsps. of vanilla
1 tbsps. of vanilla
1 tbsps. of vanilla
1 tbsps. of sugar
1 tbsps. of vanilla
1 tbsps. of sugar
1 tbsps. of vanilla
1 tbsps. of sugar
1 tbsps. of vanilla
1 tbsps. of sugar
1 tbsps. of vanilla 1 tbsps. of sugar Too easy to get chopped up here.
All right, two minutes.
Two minutes here.
I think we're going to chop.
I'm ready to watch basketball to be 100% honest.
I found a way to get green.
What a bad morning.
Not losing money on a day like today is usually my priority.
Small shots. I don't know.
I don't like this.
I am excited.
Let me tell you guys, I'm excited that once we get past today, maybe we can finally get some type of like look at what's going on here.
I mean, look where we've been for the last two weeks, basically, at this point. So for Monday, the 10th. So this is basically this today's candles two weeks worth of trading. We've been stuck in that. Look, you guys see this right here.
This is last month.
This is Monday the 10th's range.
So Monday, the big down day,
we've been stuck in that range for one, two, three, four,
five, six, seven, eight, nine trading days.
Nine, nine trading days.
Honestly, hey, I appreciate it because today, I mean, I'll be 100% today is a hard
day to trade in general. I'm old. I'm just like, I'm shy away. I was real nervous on
this one right here. I was like, that's why I went so scalpy for it. Yeah, I not a fan.
I am a fan of Mark's Badness and Not Tradingness probably for the rest of the day.
I'll be watching.
Plus, you need anything just like super exciting.
Maybe I'll take something later.
But I'm thinking, honestly, I'm probably more excited to go jump on to
Or my there I'm in there and here we go
I'm probably more excited to get on Robin Hood and try to trade some sports prediction contracts
Then I am trading these futures today. I
Know some traders that don't even trade today when it's triple witching, quad witching, whichever camp you're in.
We're sitting right on VWAP on SpineQQQ.
Yeah, I think you don't want to trade today.
I hate to say that because I know people love to trade.
All right guys, that's two hours this morning.
I'm out of time.
But hey, I'm glad, at least for me,
I'm glad I was able to salvage a little bit of green,
get out of here unscathed.
I think that was my main goal for this morning.
You guys know what my goal is
the rest of the day. You've seen the data on Edgeful. You've seen the chop mass that we're in.
I mean, this does look like we're going to break down here. The problem is breaking this low
is a low probability. You have some strong probabilities for Green Day, but you have some bad probabilities, bad price action.
I don't think you wanna be super involved today.
I just don't think you wanna be super involved today.
That's my opinion.
Maybe you see something different.
If your trading style is conducive to this type of action,
hey, knock it out, knock it out.
Make that money, hope you kill it,
hope you have a great Green Day. All right, guys, I've gotta jump. So I. Make that money. Hope you kill it. Hope you have a great green day.
All right, guys. I've got to jump.
I've got a meeting coming up in two minutes.
Appreciate everyone tuning in this morning and we will catch
you guys next week.
Edgeful.com www.edgeful.com
Go check it out.
Sign up.
Try it out.
Indicators, the reports, the data, the screener, all the
stuff. They keep adding stuff.
It just keeps getting better.
Actual.com and then AdWolf Financial, of course, follow me there.
I host all those spaces all throughout the week.
We have live trading all the time, but I'm not on stream.
I'm on live trading in the morning.
So either way, every single morning I am live trading somewhere.
Yeah.
All right, guys.
Have a happy, happy Friday.
Appreciate everyone that tuned in.
Frank stopped by, everyone.
Penny Wu, Gambling Bear was in here.
He made his money and left.
That's the real moves.
All right, guys. Take care, everyone.
Oh, and shout out to my man, Lawrence, the Jayhawk fan.
Shout out to him.
We had a fun little battle last night with the, uh,
with the NCAA March Madness.
Alright guys, I'm out. Peace!
