Sorry about that guys. I'm just can you hear me? Yeah, I got some spaces. Oh, okay. All right, finally finally. All right good. I'm not sure what was going on there, dude, but it literally just rugged that I know where brother
They didn't want us preaching the gospel up here. That's what it was.
I think you were saying something premise before the space is just completely rugged. Yeah, I guess we'll pick it back up where we left off. Yeah, I was actually about to invite a guest up, but everyone just got rugged, so that's funny how that happened.
and so on. But yeah, I guess Wabi, I guess it moves on to you next then. We already went through the panel and stuff. Yeah, Bitcoin right now, it hasn't quite caught up with it. Wabi, what are people expecting in the crypto market?
I think we personally catch up, man. That's how it's always been, dude.
Sorry, my alarm. But whether it's now, whether it's in the summertime, I think we eventually break 31k, man. Once that chat stuff gets implemented and all those people are able to massively
and this dead ceiling thing gets resolved, man. I think we're in for some fun Tyler. I think we're in for some fun times. And even on the technicals, man, usually the 20 week SMA, which is at like 25, 3 around there.
that's typically like our indication that we're in an uptrend and unless that breaks man I'm still gonna I'm still gonna be bullish brother I'm still gonna be bullish and I think I think like you know in video practically adding the entire market cap of
but yeah, I know Trader XO was in here and you were about to invite him up and you're like, "Oh, I see, we have," and then plopped. - Then pulled on right just right. - Yeah, yeah, yeah. Yeah. But, well, come on up, man, come on up, unless he's gonna hit me.
all there is the thumbs down, the thumbs down. I mean, I can go into some four projections of what I see for tech and stuff. It's something I've been watching really closely. I do think that, you know, I got into the mindset of where I started thinking I could use, I quote unquote, the fed guy.
maybe my timeline of when it was started, but looks like we're starting on the early. So the interesting thing is we still have another CPI brand we still have a Fed meeting come up and so he's still raising rates and people are actually pricing and he might raise more rates and we're still bidding, right? So now we're entering this territory of bid only, which is starting to get into the point where I say, okay, now we're
we can start categorizing things into our rational, but now you gotta start asking where's the target, where does that go? And well, the thing is, if you're jealous of Nvidia and you're a hedge fund that's underwater or you're just stuck in these puts that are doing absolute, just getting wrecked more than anything, because even with the chop sideways, if you're in some long date it puts for SPS,
why I imagine that the premiums are just getting just destroyed over time as people start to not believe in the recession. Here's the thing. We know all the data points says, well, you know, if they're going to slow down eventually get a recession, but it's starting to look like it could be further down. That PC report also has some interesting data showed that consumer spending was kind of strong. Consumers are
The real flush is very interesting. The strength and resiliency they have, we know unemployment slow, we know they're making money and they're actually making more money than they ever have before. I'm starting to get into that point where I'm asking myself, how much do we truly absorb inflation? One or two people complain about their eggs, true.
Yeah, we gave back all the way the excess savings they got but it shows that they actually still have some excess savings They're just not adding to new savings So how much of that do we really absorb are we actually able to just kind of land this plane and take it back off? This is where I've always had the double top theory, but I have to start opening my mind to what if I'm wrong
and what if I'm not bullish enough? I'm still going to play the idea of double top. I got to start asking myself, where are the signs that says, hey, something bad is going to happen if the Fed is already protecting the banks. Could we do think the banks could still be in trouble? There's any other deposits to say for covering that. Unemployment is still good. Spending is still good. Earnings are
are pretty decent, you know, because they're not what they used to be, but that's why we sold off last year. So I do think this could be a queue's run to close to all time highs over time. Doesn't have to happen all in one fell swoop. I think you get it started with moves like this, because you do what you're trying to do is to create rations, everyone's bow mowing in last second, those who#
Those who are still in puts those hedge funds to have a lot of puts. I don't know where their pain point is. You gotta get SPY involved though. And that's just the way I'm outlining. I do think this next CPI print will surprise people. I don't care what the PC print did here since he told us a core would be sticky. That CPI print will surprise people. It will be massively down.
I think high percentage chance he could pause. Look, I don't care. I don't think he cares about where the stock market is. Maybe I'm wrong on that. It'll be interesting to see a little since stocks are running. And then questions come down and raise anyway, but I would not be surprised even as a reason to pause. And then I think that causes more erasion. That's why I think this thing can extend just a lot higher.#
that we heard the top be called in on video. How many times have we heard the top called it on cues, man? Until people quit calling the top, I think it keeps going. It's going to become a hater rally and that's the point of it, right? We got a FOMO people in. We got a force. So we will tell them this. We will stop the day you buy. That's the day we stop. Until then#
Bro, SVX just broke 4200 dude with gusto
I gotta start following SPX. I think mid S, I think if you get like deep in the 42s that you just created a lot that all that resistance is support. That's dangerous. You get SPX involved. This is what causes the bid because everyone realizes where screw could those puts are heavy into spy. So get that SPX involved.
Yeah, and people are 20 boys 42 20 I don't know what 42 20 is, bro Or any of these numbers man, but people are not foolish enough right and you want to get bullish when things are looking like
crap and late last year things were looking like crap and a lot of these like macro larps with massive accounts were all saying oh bro just wait so q1 oh boy just wait until q2 and then it seems that the by the dip generation
I think it's a lot of fun.
up like three or four acts over the last six months man this thing has outperformed a theory of man it's over the last few quarters and one thing that I've mentioned man one thing that I've mentioned is like has there ever been a quote-unquote bear market right in
in recent history and by recent history I mean since the inception of the internet right the internet is as at least as close as was what we know it right so I'm talking like late 90s around there because everything before that is just hogwash in my opinion like this
70s I think that's absolute malarkey as there ever been a trend where we may consistent higher highs and higher lows and still be considering a bear market because that's the definition of a bull market in my opinion man and I think it's still it's the most hated rally like me premise and pain have been saying it's it's a hate
Rally you got a love it you got a love it man and I think we're just getting started and when crypto catches up they're gonna be like oh man but this indicator and that indicator right and That's what I have to say about that you got to love it
Yeah, we're at any numbers on spy you like what do we need to flip this as 42 good enough? This is our what second time testing 42 right on the whole year?
Yeah, I think I actually had a level pretty close to where Hagrid was at. You know, I've talked before about that four-hour inversion. We kind of created which was that gap down on May 19th. So if we can flip that man, I really think we can probably run it a lot further, but I want to see it flip that first. But if you see us,
SPY starts to really blow off them, man. That would be pretty crazy. And at that point, you could see the cues or money from the cues rotate into the SPY to chase that rally as well, which I think is possible if we can break out above this level. But I mean, this has basically been resistance for
I don't even know how long, man. I'm sick of this SBY range, though. I know that much. The snow black's talking because I can hear him. Yeah, he was talking. Yeah, just then. You didn't hear him. Will.
I'm bringing that up because I'm actually liking I'm smacking my lips here looking at spy y'all know I've been longing cues now I'm sitting here looking at spy like I always said I could just wait till it flips resistance. You spend that much time with that being resistance you get above it.
40 just because momentum but when I look at spy and how long it's traded here we're breaking above this level I don't mind taking some plays on spy and spy in different tickers and spy and have a very strong conviction on the stop loss or not necessarily stop loss but an invalidation I probably use the stop loss I do think of spy gets involved here you get deep into this
are in spot. So getting above here, I wonder will this be enough to scare them? If you could just squeeze it real fast to like of high 42s, would that be enough to get them to flip and get scared in? If that's the case, if you help this as resistance for a long time, do not be surprised if Spy can just do it. I mean, a strong bit above before it comes back
back in test support. What's this in our lives? Well, I've been saying too. I think a strategy a lot of these funds have been employing is basically just like long the cues and probably hedging with shorts on the S&P because the volatility on it has been so low. So I would imagine if the S&P does get unpinned in a pretty big way,
that could cause some problems for the market. And I don't know if that means we go make a double top before that happens or whatever, but no, I mean that would take out, when we talk about defensive positioning, that would clear it out, man. Like a big move on the SMT.
my bad guys I'm having some trouble reconnecting my stuff right now I'm seeing load screens all my thing to be bring loads out look back up here. I don't know what is up with Twitter I had to come in here like six times. Yeah so yeah I think there
room for the S&P. I don't think the S&P is broke out yet. It can even try and get above the gap. I think it's just trying to fill the gap to be honest with you. The gap runs up to 42-22 and really they can really push us into like, let's say like 42-50, right? That's probably your high end range.
But we've been hugging this upper range for a while. I honestly like, I think when it comes to spy, I think it's going to pull back. I don't think spy is going to rip from here. So this is my own personal opinion. Obviously, cues are doing what they're doing. Text doing what it's doing. The just spy has all the boring stuff in it that obviously the market's not interested in.
So, you know, I don't really see a breakout in Spy. I think Spy continues to stay contained price. Which I think when going back to what Snorlax said, that's actually a good observation that, you know, it could be a hedge on Spy versus long on cues from a lot of hedge funds positions and so on and so forth.
I think that would actually be a smart move. The way liquidity is moving. I would say the real paying trade here is the one we talked about the Simone premise with the crypto market total market gap. Remember I said you did that chart. I think that that would be the real paying trade there if that didn't plan out.
Which the anticipation be that we're kind of holding where we're at and that total kind of you know starts to We'll say capitulate here where we're at and then break out into like you know 1.5 trillion dollars. It should be the highest valuation we've seen all year But then to pull back pretty sick
significantly from that part of 1.3 something like that. I am watching for that. It does seem like it's finding support on the previous high. So if we roll back up from there, that's going to hurt a lot of people of your short or if you're not exposed, so you're going to feel really really like you're in
the wrong position. But at the same time, if we got a breakdown here, you know, you can work in the opposite direction. Really, at this point, like, I think there's value across the board. I just want to point that out because I think like a lot of people are like, Hey, you missed the bottom. You know, it's about there are tons of bottom still present guys. I got so many
items that are still present. Like if you feel like you missed the bottom, go look at charts. You will find plenty of bottoms that you can get exposure if you are behind on the move. And I really think that that's where hedge funds will place their money if they get behind them big tech. They won't chase the run on big tech.
big tech. They will look for high beta that they can basically take positions on to catch up on the move to big tech. Because if you can catch up on your portfolio, then guess what? You're not getting fired. You're not. You can like, look, I made up the whole year. All these guys played and played in video the whole year to get this side to get 120%. I made 120%
percent of the month. But you know what that means, right? That means they get that 120%. They've caught up to the market and they may not want to be exposed to the things that they're in, right? They want to put that catch up money somewhere as we're at safer, which means those low-cap midcaps to get wrecked, right? They get wrecked. So just keep
that in mind if you're chasing high beta and high beta is moving too fast you're going to get caught in the momentum you're going to get tore down pretty much when that move so I just think that there's tons of floors tons and tons of floors guys like I'm not even I'm not fearful at all and this is the thing I've said even since I was like a big big bear right I was
look, if the market moves without me I can always catch up because I know the high beta plays that markets tend to want to play towards once the market starts actually pulling some type of bullish move. There's always a catch up position that you can take always. So I just wanted to throw it out there but I get I get back to what I'm doing.
I was gonna ask Will because I'm really I'm really looking at this monthly clothes for me I was just gonna ask him about spy like I think if we can get a we can get a monthly clothes around like 42 30 42 40 on
on Spy, that's probably a green lit for another 150 points on Spy. I think that's a top. I'll be honest with you. I think that's a top. If we need to get about 4,300.
If we can't reach $2,300, this market stopped for spy, for spy. And I'll throw up a chart, but spy itself has been an out of sending wedge while everything else has been breaking out.
like a breakdown pattern doesn't look too good. Looks really bad really in my opinion. But if they can break to the upside, great. And I'm validating my ascending. And then I know that the moves true, but they need to get about $4,300 for that to happen. I'll throw a couple charts in the chat.
Well, but it love it love it love the outlook. Yeah, let's see what's his like about 1048 my time. Why be having the topics one discuss?
Yeah, space is just a pretty bad man like I can hear half of you guys on one phone and on the other phone I can hear all of you it's it's it's it's it's
It's pretty bad. We have our crypto segment in about like 10 minutes or so. But I'll put some things on the nest that we can speak about that are news related men.
Yeah, I was about to say I can't even get off mute with this thing. The energy out of the first rug kind of sloping that was all hype and stuff then we rug I was like huh yeah, I'm
I'm kind of thinking we might have to push back the crypto segment for another time because this is this is just horrible man. I like it's all good. If you're going to push back the crypto segment that means we'll probably get a great wrap this up. I guess I'll
finish on this tech thing. We were talking this morning in our discord and I get the thinking about a lot. What layers are we talking about? I'm following a lot of AITS and stuff. AIU is not just like chat GBT is also automation.
I'm still driving and just everything that entails that the chips needed we see chips catching a huge bit. I should have took AMD. I took Intel and tells like the one chip company on Earth that's not catching a bid. I might just buy more anyway. They're still getting a chip plant bill but
you know, and how we're moving forward into the next minute of future. Elon Musk, and by the way, it's not weird that we catch this bit today, the day after Elon Musk, a neural link company announces that they just got FDA approval to finally use brain chips in humans. They're starting those human trials. People will be signing up for it. It's a huge question.
as we move into this, I believe it's going to be an exponential decade. Probably these next two decades are going to be exponential and growth. TechBas Good today is going to be obsolete tomorrow. A very fast pace where money can move and that's just probably huge investment opportunities in this technology. And then there's also the idea that you got to ask yourself,
in a future where people are putting AI brain chips, basically AI level brain chips into their head to give them access to information, whether you feel comfortable doing that. Because if you don't, the problem is there's also risk in that that you fall behind. And a new race of humans are born, those who are in
Enter connected with the internet access to instant information capable of learning things instantaneously while you're someone who has to spend hours and hours studying It's a weird world we're going into but I do advise everyone since it's my passion about investing to set to open your mind and research this stuff because it's it's right around the corner
It's like right here, New Orleans is just getting the FDA approval. We're not far away, but a huge investment opportunity in the tech sector. I do believe in exponential growth, which is why I'll be looking and hunting for I'm talking about the bottom of the bottom stuff that probably won't even play out for another five years. I'm willing to wait that long. I am a long-term
investor would have probably like a 30 year horizon when I think about things. And yeah, so this tech bid, man, my tech going into the future pretty much is our future economy in a way. If automation takes over, I have to work as like once again, Nvidia has a text to video coming out where I can
content. I think there'll be a race to the bottom of the things, AI is deflationary in a lot of levels. What does that world look like? Is that a world where, yeah, you should buy tech socks. They go up only for like 10, 20 years while prices on stuff goes down everywhere else. People should eventually get laid off moving to the universal basic income.
It's about to be a crazy two decades. I'm gonna say two decades. I don't know if anyone want to comment on that, but that's just the way I view AI in this bid and why it could be even with high pullbacks, but I think this could be the beginning of NASDAQ going to a great, great, all-time high once we get past all the scares of any recession.
Are you uh are you letting Neelon in your head premise? What do you think? Absolutely not. I don't trust him Zuckerberg, but I think there could be a world where you can get your own brain ship that's offline right like you store data you trust perhaps this is where blockchain really needs to come into play.
knows but stuff for you trust. I can't get on with like a company's brain chip in my head. I just can't see me ever doing that. Now, how about we go around the panel and see brain chips. Anyone interested? Well, that looks good.
He just says thumbs down, it's not like it's good brain chips talk to me. Oh man, it's kind of like a super interesting conversation or like question that you posed premise because I hadn't thought about it from the perspective of like, oh well I guess you could definitely
I can't hear Sean. This is insane.
Bobby says he can't hear you. So let's know like Spanish and then we might just wrap this up, Bobby. Let's go ahead.
I don't remember what I was talking about. Yeah, no, I don't know if I would ever be in favor of getting one myself at least, just kind of based on how I'm picturing it right now, but I imagine it'll look a lot different than I'm picturing it to.
I will keep an open mind on it like you said premise. I think that's something that you have to do. I feel like in markets over the next 20 to 30 years, if we are about to hit some sort of exponential growth cycle, then the worst thing that you can do is keep a close mind.
Yeah, close mine will probably get you definitely left behind as the doors close and we take off this planet and go to the moon to Mars and beyond. Quite literally. That was funny as I'm talking about markets but it also quite literally trying to go to Mars.
here soon on Earth, which is why I'm so kind of I would just say more on the double-sizable side of the next two decades for sure. Yeah, I think we're gonna have to wrap this up though. I know Bobby's having some troubles. I'm having some troubles. Why are you wanna sign us off here?
Yeah, no problem. Guys, if you enjoyed this conversation, feel free to check us out here because Bitcoin and give us a follow. And if you guys are interested in connecting with us more, we do have premium channels up in our bio. We have a newsletter coming up and we also have a discord. We focus exclusively on
trading and yeah if you guys want some crypto-specific content we'll be hosting that hopefully tomorrow or on Sunday I just informed our guests that we're supposed to come on in a few minutes that unfortunately we'll have to reschedule
So, due to some space, this technical difficulties, we don't want to give you guys a buggy show where we're saying, "I can't hear you, I can't hear you." And things of that nature. We want to have a streamlined show. So, we'll be pushing that either for Saturday or Sunday.
We'll be having a few members on our speaker panel like Greg Colt or or Dow chemist and things of that like I know you guys appreciate them when we have a stack speaker panel so look forward to that and yeah feel free to check out the things that are bio for for
for more things that you can connect, oh, sorry, tongue twister, more things that you can tune into and connect with us on a deeper level. So, all right guys, thank you so much. We'll see you in a couple of hours for market talk. So, peace out and God bless you all.