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LIVE TRADING FUTURES | USING EDGEFUL TO FIND A+ SETUPS
Recorded: March 28, 2025 Duration: 2:06:26Space Recording
Short Summary
Market sentiment remains bearish as traders express concerns over uncertainty and declining performance, with potential for growth if positive developments arise.
Full Transcription
. The Thank you. Субтитры создавал DimaTorzok Transcription by CastingWords Thank you. The Thank you. . The End What's up? Good morning morning happy friday here's a sip of coffee to everyone how are we
doing out there all right well hope everyone is doing well It's another live stream on Edgeful and Wolf Financial.
This is Emperador Maximiliano.
Get some background music going here because the silence just bothers me.
All right. How's everyone doing?
Good morning, Linda.
Good morning.
Good morning.
Dev Das.
Hello.
Hello to you.
Good morning.
Good morning.
Gambling Bear.
Great to see you, my friend.
Javier.
Buenos dias, herman friend. Javier.
Buenos dias, hermano.
Todo bien, como andas?
How we doing?
How we doing, everyone?
All right.
What in the world are we doing?
I wish I had a clear answer, clear picture.
I don't know that anyone really does.
Things don't look great.
Yeah, that's about all the sunshine I can pump here. So there are a couple of things that we can look at.
Let's see, how do I wanna show you guys this?
Here's your daily.
Go ahead and make this bigger for everyone.
And... daily. Go ahead and make this bigger for everyone. Let me fix the ratio. There we go. Now we're bigger. There we go. Much better, much better. All right. We did just get a headline about some tariffs a few minutes ago.
Things just don't look good right now. Tariff day is on Wednesday. Let's remember that.
Quarterly, end of quarter is Monday. Today's the last Friday of the month. End of quarter is Monday.
Some things to keep on your mind. We did a PC this morning. There's our opening bell.
If anything, okay, up here, I've got both these charts up right now. I don't know if you guys
can really see this that well, but I can turn this off. This is in Q&A, let's just go to in Q.
This is in Q&A, let's just go to in Q.
That 800 level down there is my probably biggest,
biggest interest right now.
And you like you see support, support, resistance, resistance,
resistance. So that looks like an SR flip flip it looks like we're gonna go lower
yeah i don't know there's a lot of here so i don't want to skip ahead on the comments here but
this right here a lot of tariff confusion.
So if anything the market absolutely hates, absolutely just doesn't like, it's uncertainty.
You can't model anything out.
You can't price anything in.
It's impossible to really know what's going to come.
So big players are just not going to make a whole lot of big moves
if they don't have any like vision of what's coming. That's just that's just basic market right there.
A little sneeze, a little sneeze. I hope I got muted in time.
I've been fighting that I was supposed to go live on Monday.
I've been fighting this head cold all week long.
I think we're going down to this 800.
Bring this back up over here.
I was really looking for this thing to fall apart overnight and get there.
Guys, if any of you use NFP levels, I mean that.
That NFP level right there.
Big old rejection. but yeah a lot of terror confusion
Javier good Friday it is a uh it's a good day to have a good day though right no matter what
the market's doing we can trade both sides of course what are you guys trading somebody let
me know what you guys are trading out there buenos dias fencer cigar by the way mr violent doc
good morning good morning appreciate the compliment there yeah guys okay I'm kind of getting my plan
together yeah the opening here yesterday played out very nicely so for me yesterday I was looking
for to fill this gap this gap that was left right here fill this gap and then play a gap or play a
bounce off of that gap knowing some shorts would cover and some bulls would take their shot. That played out right here. I mean literally on the open that
played out. Boom. I was short here, I was long here, and I really didn't do anything
like the rest of the day. all right
I have to say right now the only level that I have is 800 to 780 pivot point.
That's the only thing that I'm really somewhat interested in.
That's about all I've got, guys.
I mean... by the way edgeful if you're not trying it out you got to try it out i mean it's just absolutely
been on fire lately um we do have gaps here we'll get this uh first candle here let me go down to
five minutes so we can kind of see it when it pops up here we do have some gaps uh while we close up here yesterday it's just not looking good
right now maybe by the end of the day we fill it um yeah i don't know this thing just does does not look good. This daily looks really bad.
We're spy up.
Spy clinging onto some of the last defense here. So if you look at this from a daily perspective,
remember this day right here,
is this big down day on Monday the 10th.
If we just draw straight across here from that day, and honestly, if we just go to where
we closed, I mean, we can do it like this right here with close to close.
We essentially, other than these like dips, I mean, if you went down to this level, which
was a Fib retrace level, let me turn off these just to get this cleaned up a little bit.
So if you look at this big down day on this Monday the 10th, we basically traded inside of
this. And even if you go down here, I mean, we basically traded inside of this one day for like
nine more days. We got out of it, got up to the 200 day rejected it came back
tried to hold it or stopped on top and then couldn't get back going off of you know this
spot maybe would have been decent the gap built balance but that didn't happen so what i'm looking
at is essentially you have failure to hold above this range and even if you wanted to to call this down to like here
i think that would be fair but failure to hold above this range you probably traverse it you
at least probably go to the midpoint here but you probably traverse it at this point now maybe you
pop back up here and reject it and then come down uh i could see that as a possibility too
but that that's kind of what my general thought is on where we're headed right now.
SPY is pretty similar.
You guys let me know what you guys are watching as well.
I'm interested to know if anybody's taking any trades, if anybody's got any other tickers or things they're trading.
Let me know. Take a look at it.
And obviously if I pull up any data on it I will mark it's still holding that like 850 area but here's what I see on QQQ I mean I'm sorry on spy the QQQ first but basically this right here so if we can't get back above this area
this 567 I mean you could give it honestly all the way up here to 570 we
can't get back above this I just I don't i really don't like it at all really don't like it at all
so that's uh that's kind of what i'm looking at in the big picture like that's what we're
working with right now i guess and i don't want to be just like all negative because we are still trading about i mean we have
if you look there's a volume shelf right here this is where all that volume happened the other day
there's a volume shelf right here that could try to hold us it's exactly where we're basically
sitting at um that's on qqq on spy let's see where that volume shelf pops in at.
So spy that volume shelf is actually down 560 ish.
And you probably reject 568 on the upside.
So a couple little pieces of confluence there to keep in mind.
All right.
I haven't taken any trades yet.
Like I said, I actually really haven't taken any trades since yesterday morning.
I had a really nice morning yesterday.
And yeah, I just don't...
I didn't like any of this chop and I'm glad I stayed out of
it because there was mostly bullish signals but there was obviously some
bearish price action and previous day low has been broken so there's a high
chance of closing red even though we had three other things selling as bullish
so we'll see we do have probabilities on this gap fill up here, but look, previous day lows here.
We open below it.
We should not close green today.
We should not close above here where this gap fill is going to be up here.
We should not close up here today or higher.
Take it out previous day's low.
Now, we'll have to see to see obviously if they dip by this
thing and keep it but i want to let this thing sort itself out a little bit
yeah i don't i'm not a fan of any of this all right in queue where we at all right so this
972 i have marked this was the gap we made from Friday to Sunday.
That was a target for me yesterday. And then this 0.5, this green line right here across the middle,
that's just, if you go back here, let me go to a higher timeframe. If you just take the low
that we made to the high, that's just the midpoint right here's the midpoint right this 0.5 this
is the midpoint uh your golden retrace is that 800 level and if you notice look there's definitely
some type of interest in this 800 level so that's why that's what i'm most looking for today if
anything i'm looking to short right now um But it's a little bit early. That's
a big bottom wake up at 15. But we're rejecting rejecting EMAs rejecting view up. You back
down in my five minute. I mean, I think you could potentially short this. Now, I don't really like it because it's kind of right in the middle here.
I feel like it'd be a higher risk reward, a better risk reward to come up here and reject one of these two, whether it's 940 or 970.
The other option up here, 20K maybe.
Where's that gap fill at on QQQ?
Probably the same area.
About right there, which is, yeah, basically.
All right, what's red and green today?
What are our major players doing?
Wow, nobody out there trading anything?
Just checking the chat. I don't see you guys trading anything.
Oh, what's red and green today? Everything.
So, Nvidia's green. That's it.
Nvidia's that green, that is it.
Alright, this morning we had a PCE.
Let me get down to it because i've
got everything on here uh pc.4 basically in line maybe a little higher than consensus a little
higher than last month hold on trump expected to speak with mark car Carney on the phone this morning.
So that is, that's the prime minister.
End of the day yesterday, we did have, what's his name?
Starmer, I think, from the the uk basically call it a trade war
all right this would be the area and this is the area i would look to short
you guys gonna make me do it this early in the day?
I could take a very light shot at it here. I bet it gets absolutely slapped there.
Oh wow.
That instantly went from 940 to 890.
I didn't get a chance to get in.
Gambling bear, I blame you.
That's your fault.
What are you doing to me, gambling bear?
Long in pre-market and then the pop ran me over.
Yeah, that tariff concession news.
Yeah.
Excuse me. Goodness gracious, I missed that.
I wanted to be short right here at 940.
We would already be up 50.
Oh, man.
Well, things gone without me. Oh, man.
Well, things gone without me.
I don't know if any of you guys got it.
At least we know my level's good, right?
It is what it is. But I'll tell you this.
You miss a trade, don't chase it.
Not with this VIX.
You chase this short down here at 900, this thing can easily be back up here in seconds and wick you out.
Don't chase Z short if it pops back up...
Yeah, I just think this thing's going in the background. I like the little chill music.
Chill hot.
Do you want to say thanks everyone for stopping by this morning live trading here on edgeful and wolf financial which i see a lot of familiar faces in the chat appreciate all you guys stopping
by yeah i don't know if we're gonna fill that gap today even though it's got a decent odd we'll see uh we're still pretty early in the day
that was a weird I mean all right book maps got orders down at 700.
It makes me a little bit less confident about my 800, but I kind of want to get short into
this pop up here. I'm thinking I could take it here from underneath here and risk these highs maybe. The video got rejected pretty hard and it was a really good player.
Tesla is green again.
Tesla is actually up the most.
Yep, so that's why I couldn't chase that short. I'm real tempted to try this.
I'm going to wait this out today.
I've been getting a little bit too aggressive in these first 15, 20, 30 minutes of the market.
Plus, I missed the better opportunity I missed right here.
So I'm just going to wait this out.
Those are overnight lows down here.
860s.
Those 860s do need to hold for any type of move up higher.
Those 860s do need to hold for any type of move up higher.
But I don't have any confidence in it.
It was also yesterday's orb low right here.
What's QQQ doing over here on the 15?
Which data are you talking about?
We do have this final revision of the Michigan Consumer Sentiment.
PCE was the big data. Core PCE, all that. That came out this morning. I do have this final revision of the Michigan Consumer Sentiment.
PCE was the big data, Core PCE, all that. That came out this morning, mostly in line.
Like it wasn't terrible, it wasn't great, just kind of, it is what it is.
But Michigan Consumer Sentiment, this data does come out at 10.
It's the final revision so
usually the final revision is not as shocking i use the term usually lightly there
so when the the michigan data does move us a lot of times especially on friday mornings
when it comes out for whatever reason it's one of the ones that does move us pretty decently. However, the...
How do I say this?
Prelim comes out and updates come out and final comes out.
This is the final.
So the final version to me is usually...
It just doesn't surprise the market as much.
It's just revisions, just updating the data.
So just from what my experience,
I just haven't ever seen a big move here.
Yeah, this thing's gonna pop back up here, maybe give us a short here. You really could with all these upper wigs, but...
I think I'll wait this nine minutes.
We'll get this data.
Papato is talking about.
We'll see what happens. I just don't have a high risk reward up here right now. I really don't. That just, yeah, not to me. So much uncertainty confusing with tariffs liberation hot pce
yeah one positive headline yeah so if we get and this is a so this is an important point
um that gambling bear is making here if we get some positive tariff headlines today
maybe they back off maybe some agreements come out or something.
I mean, who knows? Crazier things can happen, right? If we get something like that, you will see a lot of these shorts. There's a lot of shorts in the market. You will see them cover. You'll
see algos just immediately start covering. Now, does it get a sustained move? I don't know,
but it will move and it can move a lot faster and a lot
further than you want it to so you can watch you know it go 100 120 points 150 points on nq real
fast in the meantime what is yes where's the yes at 7 10. yeah i think yes is going to come down
that 15 points or so there as well. Finish that move off.
Spy looks way worse right now, actually.
Maybe I should have seen that.
Yeah, here we go.
There goes Spy, Nulote.
Think we can go red to green today, Papato?
Think we can go red to green today, Papato?
Papato, I like that name actually.
Papato.
Oh boy, we are rugged hard.
There it goes.
So yes, Spy, New Love, Day.
In-Q is sitting right on it.
Let me get that pulled back up here.
I think we're going to say 100.
All the big orders on Bugmap are sitting at 700, which makes me like that 800 less. yeah i agree with you here uh i am putting up so as i call out comments i am putting them up on the
screen and love having you guys chime in i don't like just sitting here talking to myself
i i love hanging out with you guys uh especially you know shout out to the guys that are always in
here gambling bear uh javier uh several of you guys that uh come by the streams pretty often i
recognize the names great to see you guys back um the um the comments that you guys put in the
whether you're on youtube or on Axies or One,
I can bring them up here on the screen, maybe if you're new.
I love pulling those up here, talking about them.
If you have a claim or something, throw them in the chat.
We'd love that.
Structure is supporting is short here.
I think I agree with you.
I think I agree with you.
I tend to have to agree with you, to be 100% honest.
I tend to have to agree with you, to be 100% honest.
I just don't...
Yeah.
I just don't see anything that looks good here.
We've broken previous days' lows.
We probably get some continuation.
We filled the gap, and we didn't hold above it yesterday.
So if we would have held above this area yesterday, I mean, here's your gap.
So if you would have held here, which we basically did, or even the like down here where we closed,
if we would have held, we would have held, sorry, up there, it would have been much much much better
but now yesterday's yesterday's support turns into resistance resistance resistance resistance
it just does not look good spy is drilling spy, Spy is absolutely drilling here.
Let me go back to, I like 15 minutes better.
Yeah, Spy is drilling.
There was that gap fill I marked with a level.
This was a key level I didn't.
Yeah. Yeah.
No, we still haven't made a new low yet on NQ, but we are ugly.
I didn't get in this.
I looked at the short up here off of VWOP multiple times.
I didn't get in it.
I hope one of you guys did.
I think we're going to that 800 for sure.
The question is, that's a golden retrace. You would think some shorts would cover there.
We'd get a bounce there, but I don't know. I don't have a whole lot of further confluence that we get a bounce there.
All right. A couple more BS Quad. Couldn't the Michigan consumer sentiment possibly shake things up? Yeah. So, okay. That is coming out three minutes from now, six minutes from this comment came through three minutes from now. We should
get a new love day here, by the way. Um, it's the final revision. So like, when you see
this right here, it says final here, let me make this bigger for you guys. Uh, you see
this right here. It says final. Well, when this, when it's the final version, it's like
the final revision so they put
the data out and then they kind of like tinker with it i guess so that's or like update it uh
as they go throughout uh the month of march so that's um that that's what this is it's the final
version uh we do a fed bar later that maybe shakes things up fed boston this is basically at the
closing part of the day so i'm hopefully hopefully I'm done with my day at this point.
But Bed Bar right here at noon 15.
Noon 15, huh?
Bed Boston thinks they're bear trapping.
Hmm.
I don't...
I think they bull trapped people yesterday on this gap bill.
That's what I actually...
That's what I think, personally.
Now, bear trapping.
It's just...
I drew this out earlier.
So, like, if we hold it...
I mean, look, here's your point of control.
If anybody gets short today, they may get trapped here.
If we hold here, I can see QQQ trying to hold here
because there's a big volume shelf right here, right now.
Spy's kind of on a level two, but to me me it's just kind of no man's land here
i'm not a big fan of this qqq it's all red candles here to start the day
spy is still oh iwm is off a cliff right now by the way look at this iwm absolutely off a cliff
that one's like sometimes a cinnamon leader too.
So yeah, there goes Spy New Low.
IWM is just drilling.
Oh, drill, baby, drill.
Drill, baby, drill.
Maybe we should have shorted... All right.
You know what, Gambling Bear?
I appreciate you.
Thank you for being here.
That's what makes this possible.
And hopefully this is helpful. You know, I try to teach and educate as much as I can.
Obviously, none of this is a recommendation to buy or sell anything.
Please do not copy my trades. Do not follow me or take my advice blindly.
advice blindly but hopefully I can oh there's your Michigan data well it came
But hopefully I can... Ooh, there's your Michigan data.
in way lower well came in lower than previous but it's basically in line
inflation went up all right so the final sentiment came in basically with
what they were predicting the inflation
expectation went up to 4.1 from 3.9 that they were expecting um yeah that's interesting
814 really interesting all right Dixie's falling.
TLT's actually been moving up.
Interesting.
Oh, we hit the...
All right, so we did hit a fib level on QQQ that I drew.
That's from Friday's low to uh to the high
we hold here
maybe
why are we where's SPX at? yeah i don't know am i live every day sorry i was just trying to make sure i'm seeing everything
right now um i am live so somewhere or another i am some form of live trading every single day
on here um i think the plan going
forward now is going to be Monday and Friday so this Monday I was sick uh and I was on the
struggle bus with this head gold uh every Friday Friday is consistent I'm here every Friday morning
um the plan going forward is now Monday and Friday so twice a week you get me live trading
right here on Edgeful and Wolf and uh I'm working on some more stuff so we'll see
what uh what else happens but we also do life uh live trading spaces on wolf financials we do this
like at least three to four times uh a week in the morning that's audio only it's not a stream but
um but you get a lot more people so and actually Andre from Edgeful the CEO that built Edgeful
He who's a trader himself. He is actually coming on with us on Wednesday mornings right now. It's fantastic to have
Him on there and his perspectives as a trader and then obviously
You know help him read the data and stuff like that as well. We will check this data
We do have the 30-minute orb which guys if you're using this
There are some new features if you're using this there are some
new features if you're not using it what are you doing because this thing's a money printer but we
do have you can customize these now so if you like a 30 minute orb like me you can customize this on
your what's in play you can also hit detailed view here and get your percentages immediately
so like today on this gap fill that based on the size of the gap we actually
have a decent chance of going up and filling it um but everything else is not looking too great
so far we have a 30-minute orb we just got it did we break it so double breaks are actually fairly common yeah we just
just broke it if we hold right here and we could easily go back up here today
just a thought excuse me all right let me get caught up on some comments here
what is up what is up? What is up?
Spider Kid.
Hey, what's up, my friend?
Spider Kid made it through today.
Hope you're doing well.
I haven't taken any trades yet today, guys.
I'm being patient here.
I'm kind of interested, but I need a little bit more confluence.
I need a little bit more to play out here.
bit more to play out here uh i missed the one short spot i would have taken right here
I missed the one short spot I would have taken right here.
um wasn't as excited about this chop here but the one spot i would have taken would have been
here would have been a really nice trade to start the day but that's fine um javier appreciate the
support there trofer i'm not sure which lagging indicator you're speaking of there's a lot of
those obviously almost all indicators are lying right
Pretty much everything's lying
Long Tesla what is Tesla looking like I do want to take a look at Tesla. I haven't looked at it this morning
Now previous days low that's a tough
It's a tough look, but but I tesla in general if the market cooperates you do
want to try to be long tesla at some point um after just getting absolutely brutalized nice
balance but i don't know probably a tough spot but you definitely have maybe some headwinds i mean
i'm sorry maybe you have some telens coming back underneath you, but that's tough.
Junk bonds are falling right now.
Interesting.
Interesting.
We'll have to check that out as well.
I was listening to a lot of smart people yesterday.
That's one thing I'll always recommend to you guys.
You don't have to learn everything in the market.
You can learn as much.
Be a student of the market.
Learn as much as you can, but you do not have to learn everything. You can absolutely find smart people that you can trust.
Listen to them, spend some time listening to them, but, you know, listen to them talk with other people and see what other people are saying. Do they agree and disagree? You know, take information,
find the gold nuggets that you can out there.
And yeah, surround yourself with smarter people.
Use their analysis.
Combine it with yours.
Don't ever follow one person blindly, but find smart people.
If you're the smartest person in your room, smartest person in your circle, you're in the wrong circle, right?
I want this thing to shoot through 800 here and maybe we buy it but I feel like this could just get really ugly this is s2 pivot point down here if I zoom out you'll see it's 782.
all right but that boy retest of 840 850. I may hammer this thing short. Right now, I think you could probably play
a bounce here. The only thing I don't like is all those orders on book map are still sitting down at
700. That's why I'm not... Normally, I would be loading this zone right here between these two
levels for at least a pop. And I'd probably trim here and look for it to at least come back to here.
And it may do that. What I don't like about it is i have no confluence other than just these levels right here i have absolutely nothing sitting right there
i'm gonna go to my daily i have nothing right here
well i got nothing to go off of right here absolutely nothing i can't do anything
i think this could go down another there are a ton of orders to take a 700 though I will
say that we still ragging we are still right viva Mexico and so as yeah yeah yeah
it's the bilingual show if you guys didn't know I just decided that today
move my stop loss. That's fine. I'm expecting a fall. I used to think
we're going down even lower. Okay. Okay. I think we're going down even lower
yeah if i'm being 100 honest i have no levels anywhere right here like we it basically we
should traverse the range that we made the last two weeks those nine days we traded inside that
big monday down candle i talked about i mean at, at this point, we basically traverse that.
473 on QQQ. I do have a level on spy right here in a volume shelf 560.
All right.
SLV.
Okay, SIG.
S-U-S-L-V.
What does that daily chart look like?
Boy, silver wants to catch up to gold, doesn't it?
That's a beautiful looking chart, too.
I've been looking at this gold futures.
This thing just won't die.
This thing is just, which I mentioned this like a year ago.
We're in full on breakout mode.
If I go here, let me go to a monthly chart.
Look at this monthly.
So this is monthly, right?
Every candle is a whole month.
This is 2020. And look at these tops all the way
to 24. that's a four-year consolidation here four years now you're breaking out that is a huge uh
huge potential move there well it is and you're seeing it happen. Guys, I cannot buy loans down here. They pulled those orders at 700, by the way.
Those orders at 700, gone.
They just yanked them out of the way.
Somebody said, no thanks.
Well, the short would have been beautiful this morning.
I didn't catch it.
I hope somebody out there did.
All right, let me catch up.
Let me catch up on the chat over here.
Guys, I want to take a trade.
I really do.
There is nothing here for me.
is nothing here for me. I mean, look, we're just dying. Let me turn off these. There's Goodness gracious.
I mean, look, we are just dying.
This is what I was worried about.
So I said this at the beginning of the stream, for those of you that maybe just joined, okay,
I drew this right here right from i drew this right here i said look
basically you could do it two different ways but here's here's basically the thought process
you had a huge down candle here right huge down candle huge range and then you spent one two three
four five six seven, nine days inside
of this. You broke out of it. You came back to back test it. You failed it. You typically traverse.
You typically traverse. If you fell the range, you usually go to the other side of the range.
That's just a typical trading thing that, or a theory, guess that I subscribe to now spy on the other hand
this is a huge spot on spy if it holds right here right now this is a huge spot
IWM was that clue guys when I looked over at IWM and just saw I mean spy was leading us but IWM
was leading us way faster. Look at this.
And then QQQ just caught back up on this candle.
What a beautiful, man, that short would have been beautiful.
This, oh, I was just too slow this morning, too slow.
About 15 minutes, we'll get the first hour of data here.
Let's see.
Yes, we Carmen.
Good morning, good morning. We are falling and falling and falling.
That's a 250-point drop here, basically.
240-point drop from this high right here.
I hate that I saw it.
Like I said, yesterday, I had a big day yesterday.
Things played out exactly how I saw them playing out.
And so, like I said, I had a big day.
Then today, I wasn't quite sure.
But once I saw what was happening last night and then these rejections here,
I was like, okay, we're probably going down.
I just didn't have a
very good risk reward spot to get quite into it this didn't happen you know first 10 minutes of
the market i would have been in a lot sooner a lot sooner okay
You need chances of Tesla going back up for the day.
you need chances of tesla going back up for the day
I think you need the market to cooperate.
Tesla does not look fantastic right here.
Rejection off the 200-day.
Came back down.
Had a chance to do it again.
Big rejection.
Look at this big sell.
Hitting that 200-day.
Tesla's probably heading back down here.
Doesn't have to
I believe some major stockholders playing the last few days up down up yeah up up down up down yeah so what I what I'll just say to that kind of what I mentioned earlier
you have a lot of uncertainty in the market you have no like everyone looking at this
there's just no there's no clarity on tariffs.
We have no idea what the tariffs are actually going to be like.
And, hold on, I'm looking at something over here. do all right We are dying.
It's a beautiful Friday, though.
Are any of you guys short?
Are any of you guys just absolutely banking right now?
I completely missed my opportunity.
We've got no back tests.
No back tests whatsoever.
We got full disclosure.
My Top Step Live account is not red.
It's not green.
It is white.
0.00 daily P&L.
But that's okay.
Like I said, big day yesterday. only thing i saw was this short setup but i wasn't super confident with the entry so we're okay sitting out for the next one vix is
at 20. oh boy we haven't got a green candle we gotta get green candle to re-short this thing or
something we'll hit all the edgeful data here real soon i can already tell you we haven't got a green candle we have to get green candle to reshort this thing or something
we'll hit all the edgeful data here real soon i can already tell you um
go back to the simple view here i can already tell you what this this is going to be very bearish across the board let me pull up my screener i have, I've built this screener with the top 10 weighted stocks in,
what's it called?
In the NASDAQ.
And then I have QQQ at the bottom.
Look at this.
Previous days range were bearish across the board.
Do you see all these, all these reds right here?
This is bearish, bearish, bearish, bearish, bearish, bearish.
This is gambling bearish right here.
How about that?
There you go, shout out to you.
You have 647.
I have, you know, I'm trying to.
We may go all the way to 600.
What's the... Let me go to some higher time frames here and take a gander.
Look how bad that looks in a four hour.
We are absolutely drilling. Like I said, i think we traverse this range remember the range i drew i think we traverse it if spy is gonna hold somewhere
okay spy is sitting on the volume shelf right, like the volume point of control for the last month.
If it was gonna hold somewhere.
At least for a bounce.
I'm not gonna take long and find out.
I kinda see that area you're talking about I have it like right here like 662
maybe maybe right in here you get a
All right, let me draw one of my famous boxes down here just in case we want to play this 10 minutes we'll get all the data down one and a half percent is anything standing out exxon is green Remember that 200 day I was telling you guys about a lot last week? Boom. Got up here and went baboon.
Javier, we're going all the way to 275. You got short again?
I don't blame you.
I need more of a pop to short.
There's my zone to bounce out of later today.
It's right here.
That's 600 to 660 with 627 as a s3 pivot point excuse me
oh dave on the short side of tesla i don't hate that
i don't hate that because like this daily turn in Tesla.
Hanging man.
Played out.
Repop 200 days.
Just got absolutely smacked again.
And then now you're losing this.
I mean, I think you could probably target down 260, 258, maybe 250, 251 even if you want this gap to fill.
No, probably not today.
But I also like to try to buy Tesla if it comes anywhere down here.
Not with the market just in free fall like this.
What's the 10 year doing?
Oh, 10 years getting smoked today too.
Bonds are up, 10 years down dollars down mix is up
go through my watch what else is anything green today literally nothing on my watch oh any
next hour energies oh Johnson Johnson
sneaking in a green piece down there where's crypto at it we looked at crypto
let me go to the Danish the crypto daily chart I keep looking at it I just think short i really do oh yeah
oh yeah yeah big big short on crypto
all right let's get back to nq
these candles are getting smaller if anything i want it i would want it to pop i don't even know where i've reshorted though because i really don't have anything to reshort it off of up until up here
to me this is like no man's lane counter trend trade is going to be along that's tough uh but
you've got straight red what do we look what do we look like on the how many candles are roses
Look like on the, how many candles of the rose is this?
Consecutive bars, we have four.
So what I'm looking at on this report, this is 15 minute candles.
Average consecutive bars per day on red is 3.8.
We're at four right now.
So we're at the average for how many red bars in a row you ever get.
You can get as many as 11 though, just for the record there.
I would want to see this like a double before I
really took this into consideration. Let's see what the five minute says.
Average is five. The max is 10 on red bars. So what does that tell me that tells me one two three four five six seven eight we're
double the average we should get a green five minute candle here there's some data for you
you should get a green five minute candle very very soon and we're about to get our one hour our first hour
that's daily talking i'm hearing cautious optimism from businesses here's that spot Do we try the long hair? so
Tesla, they're saying the 265 putts are coming in active right now.
Nice short though. nice still trying that short I definitely I definitely don't hate crypto by any means I
just as a trader I look at this Bitcoin chart and it just looks terrible. Have you guys seen this weekly?
This looks awful.
Back to the 20.
If this loses this again, I just don't think this whole...
I think we're going down here.
And then I think you can load up personally.
That's what my plan will be.
All right, we're kind of at the spot, too, on QQQ.
We traverse the range.
I think you get a bounce here.
A couple minutes.
Oracle's getting bad news right now.
This is the time to throw out bad news.
Let's take a little starter down here somewhere.
Probably something like this. You know what, I'm going to take a small starter right here.
Alright.
I really would want to see it all the way up here.
So it would be like first target here, second target probably here-ish. if you reject 660 like just get just get out of the way.
But I like this spot right here.
And we just got our first hour, so all the data is going to be bearish.
We'll take a look at that in a minute.
But I think we get some type of relief here.
Maybe we wick under.
If we wick under this on break the ib here just go ahead and break it that way we get that out of the way
push back up here but i think we're going to push back up decently right here
some shorts should be covering in this area
but usually the first pop gets shorted so let's just keep that in mind here
first pop gets shorted so let's just keep that in mind here
i have spy at that 560 as well
kind of an interesting spot there what does spy look like over here Oh, oh.
Come on, wick down one more time.
27, 26.
Alright, that's S3. I'll take an ad probably here at 600.
Honestly, I'd rather this come up
and get out some of this short.
I'm sorry, some of this long.
If this goes through 600 though,
I'll just exit SageLive, just call it,
just say GG's, wait for it to find something to we're just the the rubber band is really
extended right now it needs to catch up with some stuff maybe even it just goes sideways
but we haven't even honestly i'd almost rather re-short up here you just pop back up
up. All of our data is going to be terrible. Bearish, bearish, bearish. We are outside
of an ADR. So the last five days, I wonder if I can go to 14 days. Okay, so 14 to ADR, take us to 88.
Take us a little bit further.
All right, let's see if the 600.
What do you have at 605? All right, wick this 600 and come back up.
All right, I took a little ad there.
My average is about right here. uh
oh Yeah, we should get a green candle here very soon.
This is like time for our record.
We're at nine the most we've seen is ten in the last six months i mean that's a that is a very extended i wonder what rsi is right now but it's just
like that we're right at double the average double the average would be what 10 or max is 10 this
is over six month period on red five minute candles in a row so I'm expecting this to point maybe it's at the 600.
IWM is just just skating off a cliff.
Do I think we take out?
That's a good question.
Do I think?
So let me just go to NQ because that's the one you asked about here.
We really need to get bought up right here off of this area.
At least for now. That's a good question. I don't know.
If we fell this area,
if we go test that low again,
I mean, you could bounce
the same area.
I think we bounce
at least right here, though.
There's 600.
It's going to break through. That's right at my stop right under 80 so I'm still in this trade I didn't adjust this thing.
Actually I added a little bit where am I at?
Average is 24. Four.
I'm still super light on this trade. Come on, bounce this thing up. Dave, I agree.
Feels like a methodical
sell program.
But it is
should bounce
alright I'm going to go ahead and trim some of that
back off that I was adding down here
just to de-risk
it doesn't put me
it doesn't give me it doesn't not really any money out of it yet
i mean the trade's still just basically a break-even trade but i wanted to de-risk any
ads i made there because of the way this looks and i am uh i am doing this right here just to be safe to stop up to uh that low i want to trade
uh i want to trim up here into uh that 60 area This is old. All right, we finally got a green five minute candle.
If we hold right here where we're at, it looks good to move back up a little bit.
So this is the IV low, first hour low.
See, I really want to get back, I really want to trim here at the 600 and i want to trim
if we can get up here to like 88.
very very light trade for me i know i'm counter trend trading i know everything is
bearish as i'll get out
i can move this back over i'm gonna say 24. is all get out. As weak and terrible as this thing looks, this could, that could be all the bounce you get.
That's the first little bounce that we've even seen. I have nothing else really down here.
Honestly, some type of like really deep liquidity grab would look much better,
but I'm okay with this risk reward right here.
I'm basically risking 40 points to try to make,
what is, how many points is the first term at?
624 to 660 quick math i don't know
quick math quick math 35 points or so
come on pop it up pop just pop up here and let me get my tremble I'm gonna take off half my position
there's not much volume behind this move.
No size buying this right now.
Just hoping some shorts cover.
I mean it's a 20 point trade.
I already trimmed the de-risk a little bit so I'm fine.
Trade your plan always.
Always trade your plan always always trade your plan and know that this is a counter trend trade
you're just trading as people like like shorts cover you're looking for this to maybe come back
up and just get slammed again but so extended here on a lot of metrics i mean i was showing
you guys we were did we get to were, did we get to 10 candles? Did we get to 10?
How many did we get? 1, 2, 3, 4, 5, 6, 7, 8, 9. So on the 9, a little bit more of a pop.
Yeah, that's previous week low right there that we're wicking off of.
Previous week's low.
Broken, but just wicked through.
Probably a big target for shorts.
Traverse the range right
you can look at this on a high time frame you'll see it so
fail here reject on the back test traverse that's what i've been talking about all morning.
Oh, two green candles in a row. You can get a third one, make a little bear flag, but that'll give us our trim. Or do they just take this right here? No way I'm adding. No way I'm adding my wrist here. There is a little hammer on the 15.
If this candle holds here and goes green, maybe the next half hour you get a little hammer on the 15. If this candle holds here and goes green,
maybe the next half hour you get a little retrace.
Maybe.
But this, I mean, obviously this looks absolutely terrible.
Is that all the pop we're going to get?
It's actually very likely.
We hit 650.
I'm looking for 660 first trim. And I'm looking for this EMA 9 right here
it's coming down to 81. Yep, look at how quick they're taking this back down. Oof.
They're not going to give us a little bounce play, are they?
Look at that.
I mean, barely, barely even get two green candles.
And they already, already came back in shorting this thing.
Microsoft, new low of day, it is still drilling. Yeah, this thing is probably just going to go lower.
But we'll see. My risk is set. I'm just going to let it play out. Like I said, I don't...
If it gets me, it gets me. Risk reward is there for my treat.
Trying to look through some of these other names.
See if anything has any type of support down here.
I really am not seeing it
i should have been short right at that high day completely missed that earlier I'm going to put a little bit of a bag of water.
I'm going to put a little bit of water on the top.
I'm going to put a little bit of water on the top.
I'm going to take out week low. So any big news up coming? Well, it depends what you think of big news today. The only thing today
that you are really going to get sped bar. Now there's an ongoing tariff battle going on, right?
So you could get tariff headlines at any point on the news side of things. The other thing you have is coming up beyond today.
You have April 2nd, which is Wednesday.
That's the like, what is he?
What's President Trump calling it now?
Liberation Day or something?
It's basically tariff day.
Basically tariff day. Basically tariff day, so... yeah i think this thing's gonna go lower
i i just i just don't know if we're gonna get a magical stick safe here. All right, we're hanging in there
hanging on by thread
guys i'll say this if you take a trade and you're sitting here nervous just exit out of the trade
i know what my risk reward is right here i am comfortable comfortable. If I lose this trade, I have no problem.
If I win, I win.
If you're sitting in a trade and you're starting to get nervous or you don't like it, whatever, just get out of it.
I know my risk reward.
I know I sized way down so I don't see
anything good here personally but this right here if it just holds this right
here we can get back up or at least like if we just keep doing this sideways thing and let this ema catch up then you get out
microsoft is just falling off a cliff over here look at microsoft guys
thing is something should catch a bit like at least shorts covering very soon.
That looks, Google looks terrible.
Nothing looks good.
Broadcom, there's a little bounce.
Amazon still looks terrible.
So like if we, we gave this a rating of how many we have here the video the video tesla trying to help us out rock i'm trying to help us out that's what three
out of ten maybe apple four out of ten oh so we'll just chill
chill. It looks like this this looks like it's just a little lowercase h to go
lower. Probably get like a slightly lower low down here and then come back and
back test this area. We'll see. yeah
yeah
yeah
yeah That little level I had on Spy is rejecting from the underside now.
We're rejecting the 9 EMA. We haven't got to the 9 EMA on Spy or QQQ, but Nvidia is rejecting it.
Microsoft should get some type of green candle very soon. It's got like 13 in a row on the...
Oh, this thing is about to go take a look.
Yeah, I just don't think this holds. I don't see anybody stepping in down here either.
That's your other problem
Nobody big on the dom no big orders. Yeah, this thing's about to go. Bye. They're gonna do a dirty order
Mommy!
Mommy!
Mommy!
Mommy!
Down 2% of the day right there.
Maybe Spy finishes this right here and then we get the bounce. well I wish I would have got this short up here
what is this thing going to do?
What are you going to do? What are you going to do?
Because this still closes back over.
But now you have less.
See, I like it less because now your EMAs are going to catch back up.
So I just don't like this. Microsoft's in a free fall.
What does this daily look like on Microsoft?
Gross. Like on Microsoft Gross
Well, I just don't know what's gonna stick save us down here anymore I kind of want to try it again.
But I don't like the risk of rewards.
I do think we at least see up to here though 475 ish
All right, I'm gonna try get a little bit of cake.
What's up?
I'm going to get a little bit of cake.
I'm going to get a little bit of cake. I'm going to get a little bit of cake. I'm going to get a little bit of cake. Estás colocando aquí. Aquí está el sol. ¿Qué sé?
¿Ves?
Ahora está el sol.
¿Y quieres contar con su ser y con la cuestión?
¡Tata yo!
¡Mirá, Tata yo! um
okay Let's see if Spy hits this and holds. Right there.
We're at 5600 SPX too.
I just added some right here. I'm going to do this.
This thing may just keep sewing.
I don't want to see SPX is 5600. oh Oh this looks pretty bad I haven't had a green SPX candle yet. I have one on SPY here.
If not, this thing is just going to accelerate.
Yeah, I think this thing's gone. I don't like this at all.
Yeah, this is about to just rob and take me. no bueno.
I've got nothing right here to be honest.
Yeah, this is going to stop me out of this.
Where am I?
Right here. Yeah, this is there's no way.
This thing, this thing's dead.
Dead in the water. Yeah, this thing's about to just rug again in it. What? Gracias. yeah there's nothing good about this whatsoever.
I have a big level on the...
I have a big bit lower here on SPX This is a easy just get slapped right here.
So SPX is the only thing that's kind of giving me some confidence here. I guess one yes it said
Look how clean that ES was. all right I just trimmed
all right trim more into the night stops up please tell me that's a good head Trump just finished with talking with Carney from Canada. Productive call is the call out there.
Alright, now make those shorts cover.
We agree on many things.
so I'm trying to read this out as I hear it.
Sorry, I'm trying to read this out as I hear it.
How about a positive headline, Ryan at 5,600 SPX?
How often does that happen, guys? Come on, push, push, push. Give me more than the EMA 9.
Come on, shorts cover on that Trump headlight.
shorts cover on that Trump headline wasn't that big of a headline at least
you got a little pop here
where's that IV low oh it's basically right there in it where's that on NQ
31 we want 30 see if we can get to 30. Do we get the stick saved down here? Pull the keeper, go for it.
Trim stops here. Come on, get going, get going.
You need a bigger pop than that though.
Bonds are getting smoked now.
That'll help a little bit.
IWM finally gonna get a green candle maybe.
SPX is 10.5.
Should have went long, yes.
I've got like trims just sitting here.
26, no, 25 and 30.
About 40 points though. Come on, we need to, we need to try to get back green on the day here. All right, Amazon's curling higher low on Nvidia.
Microsoft doesn't look great. I'm probably going to reject the MA9 here.
It's the first time.
At least wick into it a little bit more, please, sir.
Looking through.
Tesla got a nice pop.
But Tesla's going to be a little bit more sensitive to some of that news anyway.
Costco and Walmart big pops.
Apple nothing. Microsoft can't get going
they're gonna they're gonna fight hard at this you may not aren't they Where's my average? Right here. Watch out below. Watch out below. I don't like that.
We're not about to be too strong here.
Green trade no matter what.
All those trims, I would like to get a couple more trims up here.
Come on, buyers.
Step in a little bit.
Here we go, hold it.
I'm gonna go ahead and take a little bit more off here, just to be safe. Yeah, this is a bad spot to reject.
Come on, look at this.
If we have 15 minutes that holds here, SPX, I mean, it's worth a shot down here.
You guys doing anything? Quiet over there in the chat. Make some shorts cover here on that
headline maybe. Let's see if we get that. We'll get a hundred point tree.
It's got to get over this area and maybe it squeezes back up here a little bit.
If it gets back over this, 473, maybe even over here.
If it just fouls right here then even even that couldn't save us. Yeah, I should have jumped over and probably got a monkey ass.
10 points for a little scalp.
I wish this
would have
popped up here somewhere to get short
more.
Or any time in this
if any of this would have come back up
here I would have shorted it but it just
straight
to the gulag. Straight to
jail. Do not pass go.
Do not collect $100.
And even that little headline that caused a few shorts of cover is not going to help us here, is it?
Yeah, this is looking rough. Looking rough.
Should I put my stop right here instead?
Let's probably get slapped right here.
We've got to get some other big names off their backs.
I'm looking over here and the video is trying, but Microsoft meta not doing anything.
Amazon looks terrible still.
Google not helping. You have no big names
participating here so. Apple new lows. Rad the lows yeah. You're not gonna go anywhere Donski.
All right, now we are definitely doing this. Because I see this rejection 600 right here.
We're definitely moving this up.
If it comes down any lower, I don't like it.
But green trade got a little bit back now a lot. Bye. yeah this thing is this thing is about to go bye bye
okay put it on a whole dollar sixty-five bye-bye we got a rejection
true social post from Trump. That's the same as earlier, I believe.
Different person.
They will be meeting immediately after the election. I should just reshort it.
Because tech is so much weaker than Q's right now.
Yeah, I'm about to just take this off here.
This is, yeah, this just looks bad.
Nothing about this looks like a bounce.
Looks like a bear flag immediate rejection of the nine.
All right, well, we chipped back away a little bit at the at the red.
yeah no buyers inside right now this thing's going
take me out
there it is! I'm out!
Yeah, this thing is terrible terribly weak and i don't have anything else to go off of look at this
i almost have to wait for like a reclaim now
the only thing i have left is just SPX this SPX 5600
hey this is what I'm seeing the selling is just too strong for me period.
Like risk reward is just not good at all.
I don't want to short because it's already down so much, but nothing about this looks
good. All right, well, I took a red trade, took a slight green trade.
I'm right on the day.
But I kept myself out of trouble here, and I'm going to wrap this up now.
Honestly, game plan rest of the day is not looking good.
Probably gonna be a sit and watch a lot today.
Maybe catch some type of revert to the mean trade later.
Maybe a reclaim trade.
I just don't like how this is acting in any aspect right now.
Well, we'll see what happens guys. Um, that's it for me though. I am out two hours this morning. I, I wish I would have caught that short on the first way down and then had to take a couple little shots at it there for the long
maybe maybe we get back over here I'm just not going to I'm not gonna try to
participate in this well if I would have just kept my stop down here do you okay
still all right guys hope everyone has a great day check out edgeful obviously I'm just cutting my stop down here. Are you okay still? All right, guys.
Hope everyone has a great day.
Check out Edgeful.
Obviously, the data, the indicators.
You see all the indicators here on my screen, right?
Beautiful, beautiful visual on a lot of these things.
You lose previous day low.
That's an immediate thought process there, right?
Three bottom wicks in a row here
all right guys hope you guys have a great day so I was looking over because we are bouncing back up All right, guys.
Hope you guys have a great day.
Sorry, I was just looking over because we are bouncing back up here a little bit.
Hope everyone has a great, great day, great Friday.
Don't do anything crazy.
Market does not look good.
It's overcooked to the downside, but nothing about this shows me much buyers.
So, yeah. Do with that information as you please and uh trade
safe out there be careful have a great weekend guys we'll see you guys i plan on being on live
right here on monday thanks everyone for tuning in gambling bear uh crossbars javier who else was in
here uh sarthak tro, I see you in here.
A lot of people came by today.
Appreciate everyone that stopped by.
The StreamSpiderKid, I remember, was in here earlier.
Who else was in here?
Dave.
There's a couple other people.
Carmen was in here earlier.
Ruben.
Viva Mexico, I remember that.
Yeah.
Thanks for everyone that stopped by.
Once again, this is not a good looking day from the the trading perspective so i'm gonna take it easy i'm not gonna do anything just crazy right now and uh we'll see what happens but i'll be back
on monday right here live check out wolf financial of course always wolf financial and edgeful.com
go sign up get the data get the indicators on your side.
I mean, everything's bears here.
I tried to play a little counter trend bounce there.
Eh, sometimes it works, sometimes it doesn't,
but I went very light.
I'm slight, slight red on the day.
I can lift that.
I will sleep like a baby tonight just fine either way.
And we'll see what happens, guys.
Have a great, great rest of your Friday.
We'll see you guys next week. Peace.
