Trust Red 🚨 Until you get this BUY Signal 🚀

I called Tesla to $300 and I have made a ton of money today taking Tesla short and yet I still see questions in the comments saying Josh should we get some Tesla now because of that big red candle to catch it for the next move higher. Right now there's a ton of risk in the market. The president is speaking tonight that may not go well. Normally when he speaks over the weekend he talks about conflict in the Middle East escalating. Very rarely is it good news. But I can't speculate as to what's going to happen this weekend or even on Monday. I can only trade the trend right now. The trend is to the downside. Price is truth. Those candles, those red candles, I would say trust them. Even if we get a little bit of a bounce, the fact is the market is positioned to go lower. Now, I always talk about the RSI, relative strength index, and but it's time to focus on the MACD because the MACD is your number one indicator for buyell alerts. And right now, we have nothing but sell alerts across the Magnificent 7. Now, I did find one that I'm going to review with you today that has a buy alert on the 1h hour time frame, and we're going to look at the 1 hour time frame. So this is going to be uh sort of the idea of what would the market need to do? What would our favorite big tech stocks need to do to give us a buy alert on the short time frame even for the small bounces that we might possibly get before the market takes another leg lower. I have to highlight that sometime back when I talked about the spy I said there was a diamond pattern. Diamond patterns at the top of a move are bearish. Diamond patterns at the bottom of the move are bullish. Well, we've got a pretty substantial breakdown moment happening now. I'm going to take you and show you those MACD's. Welcome to Wall Street. This is the Stocks with Josh show. No, I'm not going long. No, I'm not buying leaps right now. I think everything's got more room to the downside. And I think that Tesla, for example, could easily hit 300 by Monday. I'm going to cover that. And if you believed and trusted the red candles on Tesla today, you would have made a ton of money. So, let's go to class. Let's look at the MACD. We're going to start off looking at the MACD on Nvidia. And I'm going to let you know whether it says to buy, sell, or hold on the 1 hour chart. Let's go check that out. Okay, we're looking at the 1 hour time frame. And on the MACD, when you have the blue line and the orange line, cross above or beneath the middle of the chart, which is the zero line. So, right here at zero, that constitutes a buy signal. Now, the buy signal is complete when both the blue and the orange line cross up. So, for example, on this candle on Nvidia, this last Tuesday, July 21st, it printed a buy signal, a short-term buy signal, and the very next day, this blasted off from 205 all the way up to 214. Isn't that nice? Now, eventually that move faded and right here and right here. Okay, so right here and right here, it printed a sell signal. And if you then waited the following day, you might have panicked a little bit, but your puts would have profited as you moved from $28 all the way down to $24. So that's the basic idea of it. I'm going to show it to you on a few other charts, but if you use the oneh hour signal of the MACD line and the signal line crossing up above the zero line, it constitutes a buy. Now let's go look at another one. Okay, now we're looking at Microsoft and I'm going to take an example here where both lines crossed up on the zero line. And you can see that we had a pretty substantial move from $386 all the way up to $45. And then over here, we had a cross down on the signal line and we dropped from $400 all the way to $378. Now, the fact that we are reclining doesn't really mean anything. Currently the signal line and the MACD line are beneath the zero line and that is a sell signal. So we're not trying to catch the dip on Microsoft for a quick intraday move to the upside. We're watching for continuation to the downside for the time being. And then you've got Google when we crossed up back here above the zero line. This was a breakout moment. Google moved from $358. It ran up to $380. A nice $20 move. But then right here, we crossed below the zero line and we moved from $357 ultimately all the way down to $319. And so one of the points I'm trying to make to you guys is that don't even look at these stocks until we can get back above the zero line. That's the rebuilding point. And then Tesla on the 1 hour chart. Now, here is the point in time back here that we moved beneath the zero line. And these cross ups meant nothing because we never crossed back up above the zero line. We did here. We skimmed it, but then we came down. Then overall, we got the sell alert right here at $43 and we've been falling ever since right off a cliff going straight down. And we're nowhere near a buy alert of any kind. We've got to climb all the way back up to the zero line, get above it to print a buy alert. That's how you use the MACD to find out whether a stock is going to go higher tomorrow or whether it's going to go lower tomorrow. And right now, the ones I showed you, the signal lines were well under the zero line, printing sell signals. So, don't attempt to buy and guess where this thing bottoms out because it could go much lower and crush your account right now. Now, on one of the MAG 7 stocks, I actually got a buy order. Let's go look at it. On Wednesday pre-market on Netflix, we got a cross above the zero line on the 1H hour chart. It came back skimmed slightly above the zero line and price went higher today. So we moved from $68.70 to $7069. Now this is not a very strong buy signal. We have gone on to make a higher high. I would like us to make a higher high in momentum but the fact is that on that one you do have a buy signal on the 1 hour chart. And lo and behold, the price went higher today. Now, we were able to catch Netflix to the upside in the Stocks with Josh Discord live trading this morning. Guys, if you did not make money today, you might not be following the charts. The charts are giving us clear sell orders right now on the majority of the MAG 7 and we're making money going short. This video is going to be very simple. So, your homework assignment going into next week is not to go long on anything unless we're above the zero line on the MACD on the 1h hour chart. Those are your buy signals for taking risk. Hit that like and subscribe and I'll see you on Monday.