Did this 🔥 HOT Stock Just BOTTOM 🚀

All right, we've got a problem in the market. Yesterday, I told you that if we couldn't hold a specific level on the spy that it was going to give us some trouble. Well, we fell beneath that level. I'm going to show you what I think will happen next. MU took that strong dip down. I also predicted that. I said that we would likely since we cut through 861 and didn't bounce there. I said the only uh support beneath us now is right between 800 and 805. And sure enough, we went down postmarket and then pre-market a little bit lower. We hit that level and we bounced all the way back up to 861. And I told you in that video, I said I'm going to be watching it half an hour before the market closes to see if it can actually hold that level because that will tell me a lot about what it'll do next week. Now, in regards to MU, I've only got three words: call, buy, and ask. And that's what the whales were doing. They were loading up on call options. As you can see in this chart, the ask is the key word because they were willing to pay the asking price to get filled quickly because they didn't want to get left behind. I'm going to take you into the MU chart as well. I've got to shout out Apple and I'm going to take a minute and show you something in the chart. Now, the other day I talked about the fib master class that I'm teaching tomorrow. Now, you can get tickets to that right now, but let me just take a minute and tell you what I said to you yesterday about Apple. I drew the Fibonacci on that chart and I showed that it bounced in the golden pocket and then it came all the way back up to all-time highs and I said, "Well, how do we figure out now where it's going to go?" Well, I said we simply draw a trendbased fib extension and it gave us the price and I said that's where it'll go next. Let me show that to you in the charts because that's what we got today. Yesterday, I showed you this chart and I showed you that we bounced on the golden pocket and we ran up to the previous all-time high. We consolidated and we took off. off. And I said, "Well, how do we figure out where price is going to stop or where it might possibly hit?" Well, I told you we turn off the fib retracement and we go to the trendbased fib extension. And it gave us this line of 336. And that's exactly what it hit postmarket this morning before retreating. That's the goat's secret for making predictions as to where price is going to go when we've got no pricing history. It's in exploration. That's how I found it. I predicted it yesterday and it hit it today. And if you want to learn these types of skills, I'm teaching them tomorrow in a detailed master class. You're going to leave with a digital pictorial book outlining my entire process. Now, the link is in the top pin comment and the description of the video. Go get your seat now and join me tomorrow. Now, my part is only half of it. Trading with Ashley is going to do the other part. How to make money strategically buying and selling puts and managing a larger portfolio. If you're trying to learn those type of details, that's what I'm teaching tomorrow. Make sure you get your seat today. All right, let's briefly talk about Netflix. I said yesterday we're going to see heavy red candles to the downside. I said the bears would get exhausted and it's time to jump in. Now I did that. It went all the way down to $65 and it went back up to around $69. So it had a nice bounce off the bottom. Now are we out of trouble with Netflix? No. Am I in profit on buying that dip? Yes. So what I'm going to do is I'm going to put my stop loss beneath my entry and I'm going to hope for the best and let this run and breathe for a little while. Let me show you that chart real quick. All right, I identified yesterday 65 as being the ideal center of the buy zone and this thing literally tapped it perfectly and it bounced. We had this huge sellers candle down and we hit that 65 and we bounced. What is 65 and why is it relevant? Let's go to the weekly chart. This is previous resistance turn support. Now I'm going to place my stop loss right beneath $65 and hope that I caught the bottom. All right, now let's talk about Micron. I believe it was July 2nd that Michael Barry came out around 14 days ago and he said that he was bearish on Micron and since then it fell 18%. So yet again Michael Barry continuously calls out the right shorts. Question is is the worst behind us? Was that the bottom? Now I have to highlight the Bank of America just upgraded memory saying that AI hardware infrastructure spending is not slowing down. We know that and there's going to be people who are going to want to get back in before we get to the next earnings. Now, that's a fair ways away, but this was a capitulation moment that in my opinion was worth buying. And as I said, call, buy, ask. The whales showed up with big and deep pockets getting back on board MU. Now, maybe Michael Barry closed up his shorts. But here's my view. You can either put your money in some of the SAS stocks like CRM or now, which have been doing pretty well. You could even include Microsoft in that category. I'm going to do a video on Microsoft again very soon because I really like the way it's positioned right now. I think next week it's going to be the number one big tech stock that I'm watching and I'm going to be teaching this weekend on Saturday why in the Fibonacci chart. But if I have to lean into any part of this rally, it's going to be memory. So, let me take you into the MU chart and then I'm going to finish up the video looking at the spy with you and the warning sign that it's giving us for next week. Okay. Yesterday when we were at 861, I told you we hadn't bounced there and unfortunately it meant we were going to go lower and the most likely level that we were going to have to hit was the top of this previous resistance and hopefully it would turn support and today it did. I also told you in yesterday's video that it would mean nothing if going into Friday close we didn't get back above 861. Now throughout the day we were above it. We actually went as high as 9:05 throughout the day, but we couldn't hold it and we finished the day all the way down here back at 8:48. And so if you took some risk, it made sense to do. Like I said, whales were piling back in at this level because they believe that in the next couple months, this is going to be higher and not lower. Having said that, technically, we're not in the bulls camp until we can reclaim 861 and hold it. I'm going to be watching for that to happen on Monday and it's going to cause me even more bullishness and I will add to my position. Then I have a stop loss right here at 805. I try to remind people as much as possible my core disciplines protect your capital. You want to trade the trend, you want to use a stop-loss. Keeping it simply put, if you followed me, we did not jump into MU on the first red candle. We have come all the way down and we found support what used to be previous resistance. This was in my opinion the perfect spot to take risk and I feel comfortable taking risk. Having said that, use a stop-loss. We can't see what is ahead. We cannot see what we cannot see. Let me take you into the spy and show you the problem that we've got going into next week. All right. I told you guys in yesterday's video it was do or die time that we had to get above 755 if we were going to have any chance of making a brand new all-time high on the S&P 500. I said alternatively, this breaks down. If it drops beneath 745, well, that's the direction the market chose and it opened up and closed beneath 745. Now, the purple line drawn on your chart is the 20-day EMA. And I want to tell you that there are no times in which we cross it and don't go lower. Okay? There's no times in which we cross it and don't go lower. So, in my opinion, the S&P 500 is going to have a tough time next week. Now, I will tell you that you need the two candle rule to confirm a breakdown. one candle to cross and that's what we got today. The next candle to open and close beneath 745. That would give us our final confirmation of the trouble that I see. Be on high alert. We're be looking to make money through puts and inverse ETFs next week. But I am optimistic and I'm in new positions on MU, Netflix, and Microsoft. I'll talk about Microsoft soon. I showed you the power of the Fibonacci in yesterday's video and today's video as to predicting where price is going to hit. Come learn how to draw the lines from me and get insight into taking long-term positions through Ashley. Peace and blessings, my friends. Hit that like and subscribe. I'll see you in the next video. Take care.