askSlim Market Week 09/04/26 - Analysis of Financial Markets

We're live. >> This is market week live for September 4th, 2026. This is information support for traders and investors. Welcome everybody. Uh we have our level one to four members that are uh in the uh room here and they're putting up questions uh regarding analysis that we can share. Also, if you have any trader questions uh that might be around trader psychology uh anything around uh your execution, we'll be glad to try to help you with that also. So, uh that's uh what we do. We want to make you the best trader that you can be or help you get there because your success is our success. All right, we're ready to move on here and uh what we're going to do is have our express round in just a couple of minutes. We'll start that. That's uh we have our level one to four members. You can still put questions in there. We're going to turn those off in about five minutes. Uh and uh Matt's going to then bring a special uh review of our level four services, 35% off. I want to note that uh he's going to show you that briefly. Uh and then after uh I do the stock market analysis at the end, he's going to stick around and do a little deeper look at level four. Take you through that for about 20 minutes. So, if you're interested in learning about our very extensive services, uh please do stick around after the show and Matt will lead you through that. Then I'm going to bring my stock market analysis. Uh the question is, is the period of risk over? Uh and it's a tough call because we see a market that is rebounding from support uh that it hit earlier this week. And I'm going to bring you a special analysis on HYG. That's the high yield corporate bonds. And there's a strong correlation in there that's important to look at regarding the short term. And then for investors moving forward and of course we'll bring our market condition monitor. You're going to see our proprietary studies and analytical process the MCM an amazing application that is uh available for uh level three and four members. And of course it'll be included our pro version for level four members. So, uh, take advantage of that special that Matt is going to show you. If you're brand new, you can get acquainted. Uh, go to, uh, the, uh, website to our free area up on top. Free stuff, it says, and sign up. You get, uh, free daily analysis on the S&P 500. Matt does a fantastic job on that. Every day sent an email to you. And you can check out Slim AI in the bottom of all the pages. Our members have a very extensive uh, Slim AI that will help you with a lot of things. And for new people when you go there it's going to help you understand the things that we present on YouTube subscribe to our channel click the notification bell and do like this video give it a thumbs up and on X follow me at ask slim and uh anything uh that you have on questions about our services uh uh please do uh write to mattas asklim.com and he'll help you with that. And if you have any issues uh with getting signed up for our level four special, do write to him and he will send you that link and you'll be able to sign up very quickly. For our contact uh information for our members, you have member issues or website issues, write to team asklim.com. And again, for anything in our content, education, analysis, firsttime specials, upgrades, write to Matt. These are our hosts. Uh amazing analytical team. Uh, I've been around for now 52 years. Began trading on the CVOE in 1974. Uh, Matt Serpy's been uh in this for decades as well as RV. I don't know how long Katie's been a trader, but she is certainly an expert in not only our cycle analysis, but also in uh option trading. And she brings both of that those to you. and she is our lead for our uh investor section uh and does a great job on our longer term charts uh when she uh handles the monthly, she handles everything on the cycle analysis uh uh low tracker that we have bottom tracker. So she is just so involved in so many things. So uh Katie uh you'll be doing more of course as we go forward. So, uh, all of us, I think, very important, uh, to the, um, [laughter] very important to our, uh, team. They're laughing. [laughter] Katie's laughing. I mean, she now I have the thumbs up. [clears throat] >> Now I have to do more. Huh. >> That's okay. [laughter] >> All right. So, we are a happy team. So, you can see that. All right. This is our Q&A. We're going to get into this. I'm going to bring analysis on the futures. I'm the lead in the futures. Uh Katie and uh RV are co-leads when it comes to the equity side and ETFs and Matt is the lead when it comes to day trader shortterm indexes and all that. So we have uh in order to bring everything we bring, we really have to uh segment uh what each of us do and we do that nicely. So, uh, uh, Matt, uh, will, uh, give you the update, uh, later on in the show on, uh, everything that we have. All right. So, let's, uh, cancel. Let's get to the questions. I'm going to do gold silver copper Bitcoin and natural gas. And then we're going to turn this over to the team, and uh, they're going to take care of any of the questions on uh, any of the uh, stocks or ETFs uh, that there may be questions on. and uh we'll just wait another minute or two and then we're going to close the questions off. All right, so I'll be the first one and we're going to switch over now and look at the charts. We'll start here with gold. Of course, if anybody here is brand new, these busy charts are the way that I do cycle analysis. The team, everybody in the team does things a little bit differently. Generally, our analysis comes out pretty similar. one may put more emphasis on uh in a different indicator or or something that fits better in their style, but we're pretty much following the same rules, the same method as we do our analysis. So, let's uh blow up the weekly chart. I have weekly on the left here, I have daily on the right, and I always do both. The reason is because the weekly is dominant. And generally when you are in a cyclical rising phase and momentum is rising, it's going to affect the daily chart, it's going to make the formations and the information on the daily chart also positive. So you can see in here where we are right now is in a rising phase. This cycle where the both of these came down and that's the silver one right in there overlaid came down nice timing right over here. made the trough right there, curled back up, momentum turned positive, and then it moved up into resistances. Now, there's there's a particular rule in cycle analysis, and that is when you have a rally and then it retreats back and corrects underneath the 78.6% as you see right over here, and actually getting very close to where that last trough was. That gives you a sense that while a rally is likely to come, and we see that in here, that it probably will have a hard time in the resistance areas. And you can see in there, it got up to the resistances, but it's still early. Momentum is still strong. And even though it retraded from there, we're making that high up around 4750 and then pulled back over here to about 4320. This still has an upward bias to it. So, I would expect that that would affect the market. Now, it would need to get over this level at 48.80 for me to start to think about, well, maybe this would be more bullish, but right now it's moderately bullish. I would call it that. And the reason I don't say it's very bullish is because this came down and tested this low. And that means that it has to use a lot of energy to get up to those resistances. And that's why it stalled there. So when I look at the daily chart and you can see in here I have one, two, three harmonic families in there and you can see there's a minor cycle. Look at the trough here right in the center here. The minor cycle was a little bit offc center here. It was pretty much spot-on and now look at here we have this rising phase coming up. Let me just blow this cycle up right over here. And that is likely to get the market to rally. Now generally when you have this kind of a translation in other words the information we're getting translates to something positive then you get the next rally to test the previous peak. So you see that projections up here to that previous peak 4760 let's say that's a strong likelihood that it's going to get up to that area. So the weekly resistance right over here uh that comes in at 47 even this one around 4870 the daily right over here likely to test that previous high at 4760 is kind of in between no matter how you look at it the sum of the evidence and that's when I put it all together is says to me that it's likely that the gold market will be moving higher that says to me that if I'm looking at something like fine-tuning my long side entry. I'll probably look at a 2-hour chart and I'll look for that to get into some little correction and then I'll use my MCM. I'll set it on GLD and I'll say let it tell me when it's turning uh slightly bullish or bullish and it'll signal that to me and then I don't have to do all the work. It's just telling me because we have that setup to do that. So, that's how we use that. We put all that together multiple time frame analysis. Now, I'm not going to use that kind of detail going through everything here, but I really wanted you to understand that. Um, let's take a look here now as we look at silver. And you're going to see silver has very much the same overall some of the evidence. It looks very much like gold does. Silver, you could see in here, actually, actually didn't quite get to that low, but it broke underneath that low there, stalling here in resistance as would be expected. And again, this pattern here suggests $72 is a likelihood in this rising phase. You can see right over there. So, the trough was due right in here. You can see it's trying to rally. The likelihood it will keep moving to the upside. Copper is the next one. Now, copper has been uh extremely strong. But we've reported this in our most notables to our members consistently that while the silver and gold were correcting, copper was actually remaining strong and it did. Now you can see in here uh this rising phase right over here bullish momentum on the weekly chart. Here this chart actually made its cycle low. And I'm just going to duplicate this line and show you that it's well above where it made this low right over here. And it got actually down in this corrective period. This is the cycle timing down into the buy zone. The buy zone being anywhere between the 38.2 and the 78.6. If it broke the 78.6, I would not like that. It would say to me there's more weakness than I expected. But you could see it's already rallying in here. It might have one more little dip and I would want to buy it. So, copper looking quite bullish just as the other metals are. And when you look at these metals and you think about the configurations that you see in here, and you see the weakness that's in the dollar, the [clears throat] dollar being weak, and if you look at the currency pairs, um, you can see in there that the euro is strong, that the British pound is strong, the Aussie is strong, all of those are strong. And it tells you that the likelihood is there that the dollar is going to be weak. If the dollar is weak, it takes more dollars to buy commodities. If commodities, if that's the case, then the price of commodities is higher relative to dollars. So, um that's how it all works. And the correlations and these metals are all quite strong when you look at that. I have two more I'm going to look at. First one is Bitcoin. Now, uh, Bitcoin, we had an upside projection in here, uh, of around 84, uh,,000. Look on the daily chart. This is a nice looking strong, uh, cycle pattern in here. Uh, and it bottomed a little bit on the early side and took off. Momentum got strong. You can see the slim ribbon PO right over here giving you that signal. Slim ribbon PO is an amazing indicator uh, that you can put on these charts. Uh, one thing I want to note is the option is the OBI, the option bias indicator is giving you an extreme overbought condition. This is a level four indicator. So, when Matt shows this to you later, he'll talk about indicators and it's just great for biasing your option positions. You can see in here where it turned negative and uh certainly if you had negative option positions in here, it was good. Here's where it turned positive and you could see all through here. So, got neutral and then positive and now overbought. And you can see it's starting to turn in here because it's overbought. So, it's likely to give you some pullback. But when you look here at the weekly, look where it turned bullish right over here where that cycle low came. There was actually uh two cycles that are out of phase in here and pushing to the upside. So, you you many of you that follow me know that I think you know, Bitcoin [clears throat] is is junk. That doesn't stop me from being bullish when everything says be bullish. So uh this is uh what I'm showing in here. And uh the uh strong market that we're looking at here pointed to 84,000. And right over here you can see uh that it goes up to that resistance there. We've been looking for 84,000 and uh we were pretty much spot on on this analysis. So, uh, bullish or bearish, uh, we are agnostic. Let the markets tell us, that's what we show you, no matter what bias that we have. And I certainly have a bias, but I'm not going to let that affect the fact that it was saying bullish, and I said bullish. Let's take a look at the last one that I'm going to bring, and that is uh natural gas. Now, I'm going to have to go to two different charts in here. The reason is because of the way Thinker Swim handles the uh, continuous contract. So, uh, I'm going to go to the October contract here. And on the daily, I'm just going to go to NG, which is the spot. So, that's, uh, V26 for the analysis here. And I'm going to bring in the, uh, weekly analysis. And there you can see. So, nice uh, cycle patterns that you can see in here. Each of these vertical lines, timing lines are on the troughs. And you can see the beautiful rhythms that are in there. this low is early. Now, what that says to me, two things. Either there's some kind of a shift or contraction in the cycle rhythms, or there's one more dip coming. So, the the one more dip probably is the likelihood. It doesn't have to get as low as that 266 number. Uh but, uh I would still expect there's a possibility. Now, I'm going to look to the daily to tell me the timing on that. And I'm just going to go here to uh slash NNG uh to see the continuous contract here. And this is what it looks like. So this is that 266 level right there. This you could see, let me just get this aligned properly. This is the the timing for this daily cycle's next corrective period. So the question is, is the next corrective period going to bring it down and test this low right down over here, which is a possibility, or will it come down to only the support level right over here, somewhere right in the middle there, and then turn up? Either way I look at it, based on what I'm seeing here on the weekly chart, that uh it says to me the next pullback is likely a buy and a bullish opportunity. And that is everything that I have to cover and I'm going to turn this over to the team uh and they'll take a look at the equities and the um ETFs. >> Okay, I am going to grab the screen and we'll start with Tesla. >> Can you see the weekly chart of Tesla? >> Yes. >> Okay, great. All right. So, we have an average cycle length here of 26 bars. And you can see that we had this uh very bearish candle um back in July that broke through the cycle low support and found some support down here near the 100% extension level. Well, that would have been very early for a low. It's almost midcycle there. And so we created this uh resistance zone using that high and that low. And this week it got up uh into the upper resistance zone there. And we're getting a strong rejection from that level. So expecting a cycle trough to form sometime between September 28th and November 6th. There's the earning date somewhere in that time period as well. So we'll see what happens with that. that we do have a momentum shift uh with the reversal scout here based on this move up into the resistance zone, but uh we'll likely get some chop uh choppy action lower now um based on the timing window and also this rejection. Let's take a look over at the daily chart. We'll zoom in a little bit. Daily time frame, we have an average cycle length of 25 bars. thought maybe this was going to be our uh cycle trough, but we are getting a we got this nice sharp move up and then another move back down. So maybe we get um a trough that forms a little bit later sometime early next week perhaps and then uh another attempt to the upside. This cycle right here is due to trough October 12th. This the ideal. So if we move back over here, you can see that that is inside this weekly cycle timing window. So we could uh get some weakness out here in this next cycle. Matter of fact, this could be the cycle trough, a move up and then a breakdown and that would continue out into uh midocctober. Next one that we're going to take a look at was requested in advance. Circle internet group. Now, there's not a lot of data in this time frame. Fairly new symbol. These are 25 bar cycles. You can see we've got the rising phase coming up here just uh a few weeks off of the bottom and moving into that upper resistance zone. Next level higher is going to be the 78.6% fib at 12242. And then we've got this prior cycle peak back here about 140. momentum in this time frame is positive and we don't have a a trough due out until the beginning of next year. Over on the daily chart, I'll zoom in here. Here was that synced uh daily and weekly cycle trough. The move up and we've just uh inside this daily cycle timing window. Now, there was the likely trough. A nice move up. Expecting some higher levels. Uh 140 was is way up here. That was that prior cycle peak. But we do have uh these extension levels that were formed from this low, this high, and this trough. So could get up into this zone between about 109 and 116. This next cycle isn't due to trough until uh middle of October. We do have positive momentum with the reversal scout and the slim ribbon. Option bias indicator is not really showing anything right now. So that is circle internet group. We did have a couple of requests for monthly charts, monthly and weekly time frame. These are a couple of uh healthc care names. This is Waters Corp. In the monthly time frame, we have 44 bar cycles with minor half cycles. You can see there's that minor cycle trough and the move back up. Very choppy. Uh this cycle has just been kind of in a range between this all-time high at 428.22 and that recent low just moving back and forth. Uh we do have a cycle timing window in this time frame coming up uh in February that runs through uh September. So uh beginning to middle of next year, we would expect this to uh pull back and form some kind of a trough. Right now we have positive momentum. So, if it's able to break through this uh cycle peak, then the next level up is this long-term 78.6% extension at 44713. Right now, no sign of the weakness that uh we would expect to begin developing at some point to form this monthly cycle trough. The weekly chart, maybe we can get some more information here. Here is our weekly time frame, 30 bar average cycle length. There's that uh cycle peak again just trying to break through there. We've got these tweezer tops and uh we do have a timing window imminently coming up 9:14 to 10:23. Once again, aside from those tweezer tops, we don't have any sign of that weakness forming and momentum in here is positive. So uh there is some reason for caution just based on timing but moment is not uh action are not giving us anything that shows that that is taking place yet. Thermoffisher was requested monthly time frame. This is it. Here's that uh weekly excuse me monthly cycle is about 20 bars in length. And uh we do have again this timing window coming up between November and April. Momentum is positive. No sign of the weakness yet. H so this is just something to keep an eye on. Could get uh a retest of these levels. You can see that it's tried to get past there a couple of times. That's at about 645. If it does, then the next level up is this all-time high at 67234. Over on the weekly chart, you can see we're about midcycle on thermofisher. We've got positive momentum with the reversal scout there. Uh had some rejection from this um prior cycle peak pulling back now and uh would expect to see some retest of this level to see if we can get all the way up to this all-time high. We'll see if that can happen or not. We do have a weekly cycle timing window that begins at the end of November, beginning of December and runs through uh the end of the year. That is thermoffisher. And again, as I mentioned, these are all uh names that are in the healthc care sector. Here is IQV. And we have I think that says a 28 bar cycle in there. We're just about midcycle and moving higher towards this all-time high at 28561 on positive momentum. This one is looking a little bit better than the others in terms of timing and having broken through uh an important resistance level there. Over on the weekly chart, you can see we're about midcycle on weekly um time frame as well. That weekly cycle is an average length of 27 bars making a move towards this all-time high up here. Positive momentum timing window is due 119 to uh 1218. So, this one is looking good as well. Um, were there any other ones that came in for me, Harvey? >> Uh, I think it was uh BAS pass. >> Oh, Pan-American Silver. >> Yeah, I think that was the only one. Okay, [snorts] let me import that is on our focus list. So, let me get the grid here. Okay. Pan American silver. >> Are you able to see it? >> Yeah. >> Okay, great. All right. So, here's Pan-American Silver. Average cycle length in the weekly time frame is 21 bars. We formed slightly early cycle low and moved up to the top of the resistance zone, expecting to uh be able to get higher in here. We do have this support zone that's rising. It was testing the top of that this week, and I'll show you why in just a moment. Uh next level up is the 78.6% fib, 5977, and then we'd have this prior cycle peak back here at about $65. Now, this pullback right here corresponds to a retracement into uh this uh into this uh support zone here and moving back up and just kind of chopping around. So, this is big move up. So, maybe we just get some sideways movement here um until this cycle does form a trough. And we do have um a negative reversal scout right now. Although the slim ribbon is positive, we have a timing window that's due between 9:18 and 928. Overall, uh I'm bullish on uh Pan-Amean Silver. Just expecting a little bit of consolidation in here. And I'll turn it over to you, Arvy. >> All right, great. Thank you, Katie. Appreciate it. Let's go ahead and hop into a couple of these symbols here. First one was wolf. Terra wolf. I don't have all of the drawings on this, but I have most of it annotated. So we are having a low that is a little bit late here in Wolf. Uh you know there is no obvious low on this chart. There was a low that was due you know sometime in in the summer but that low is likely pushing out a little bit late. So then what we would do here is we'd then draw in our areas and you have right around $20 or so on the upside. That's a reasonable area to look for this to actually bounce up into shortterm. There's a low that's due right about now. So, we are watching this to curl up, ideally close over right around 1790 and then work its way up, you know, a little higher from there at least. We jump over to the next one that I have. I don't have all these, but uh we can do GDX. Of course, we have GDX on the weekly chart. Uh there is a low that formed, rallied, and is now forming that higher low flag uh as we speak here. Let me see if I can get this drawing tool to work. this higher low flag that is actually forming here. And we're going to be looking for this to then turn its way back to the upside through the uh the 786 at 107, hit the old high, reasonable at about 118 on the intermediate term short-term, a low that has been due. Looking for this to form a higher low here uh and then turn its way back up towards the 105 area on the upside. Obviously, if it loses this low here, that would invalidate that bullish thesis in the short term. Another one I'm going to show is NFL. NFL on the weekly chart, a low that formed rising phase. You have an area right around here, which we will be watching to see if it can actually fail around there and then roll over sometime into the end of the year. Overall action is uh not super great. uh in the short term a low that's due actually right about now 7860 to right around 7740 and a 786 at 7572. So we'd look for it to hold right around here and start to curl its way back to the upside. Overall we are seeing a series of of higher highs and higher lows. So we would be looking for a new swing high in the short term versus 8361 once this short-term trough forms. And I'm going to go ahead and hand this off to you, Slim. >> Before uh I move off of here, we have a interesting question that challenging you and I, Arvy, uh regarding uh the difference in our analysis uh what I put up in most notables and how you may present something when you do your analysis also. And this is in regard to the S&P 500 and the NASDAQ. Earlier in the show, just coincidentally, I talked about the fact that, you know, we both have and all of us uh really stick to our basic method of how we look at the analysis, but we still look at things a little differently and we may wait give different weightings to the the inputs uh to the different tools that we use for our analysis. So, in the case of me showing the S&P 500, for a long time uh in the NASDAQ, I've talked about the cyclical weakness potentially uh that could come into this time of the year. And when I see the indications that it could be happening, even though the indicators haven't turned quite negative yet, I'll show something more negative because of the timing that I see. you actually look at things just a little bit differently and you might speak to that so that they understand the difference in our analysis. >> Yeah. So I mean I um my overall view is to allow things to kind of show themselves a little bit you know like basically to um allow things to just work out a little bit more so that way it is more obvious what is happening. So a little bit you know later I would say uh and then once it's really obvious then okay we can show you know that okay this is you know in all odds favoring downside versus something that is more flat. So, um, that's kind of the Yeah. >> So, I, so what I hear you saying and what I think is a very, very good way to explain this is that I, my style is to be more anticipatory. And that is I'll look at things and say, well, the sum of the evidence says this is likely to happen. Even if, you know, the odds are 6040, I'll still weigh it weight it that way. And especially when I see Gus getting into more negative periods. In your case, you want the market to speak to you and show it to you before you really uh want to get out and say, "Hey, this is what's happening." And that's, you know, I can't argue with that. I mean, I mean, it's prudent. And I encourage our analysts to do it their own way. I mean, that's the way you're going to get the broadest look at our analysis if we each take things our own way. We Ari and I don't really disagree on this. Uh, in the in the case of the S&P 500 and NASDAQ, he's just waiting for more messages. I'm more anticipatory. I'd say that explains it. Would you say, Arvy? >> Yep. Yep. Absolutely. >> Great. Okay. So, we seem to have answered everything that's out there. All right. So, uh, let's, uh, move on right now and, uh, we're going to turn this over to Matt because he's going to give you a review of our level four special. Well, this is a mustave and don't forget if you're already a member, you can upgrade to this. Matt, take over. >> All right. Thanks, Slim. Great work, team. As Slim mentioned, I'm going to briefly go over the level four special here. And then, if you stick around after the regular show concludes, I will do some deeper dive into the tools and services that we offer and do some live trade planning with our level four uh charts. So uh at asks slim we have several membership levels. Uh we provide uh technical analysis services. Uh we have tools that offer you directional bias, help you with price maturity, timing, key levels, and I'm going to show you just briefly here uh those services and and memberships that we do offer. So we have levels one through four. We'll call those our core memberships. And as you go up in your membership, what happens is you get more comprehensive coverage in terms of the number of markets, the number of symbols that we cover. And then when you get into level three, you start getting access into our more real time and dynamic tools that we use like the MCM cycle timing tracker, RV's trade ideas, so on and so forth. And then when you get into level four, and that's what our special is around today, uh that's when you get access to uh our interactive charts. The charts that you see us demoing today uh in our membership Q&A, those charts are actually what you get to get your hands on. So, you get to import those charts live on your own Thinkorswim uh platforms. You do have to have Thinkorswim, but you can open up those live. You can manipulate those charts. you can see how uh we're coming up with our our levels and you also get access to those uh proprietary studies that we've built. So all in all with level four you're literally going to save hundreds if not thousands of hours if you were to try to uh build out those charts yourself. So, it's a tremendous opportunity to really get your hands on what it looks like from a professional trader and technical analyst perspective in terms of the work that we're doing, all four of us. Uh, all the way from intraday grids to, as Slim mentioned with Katie's, monthly grids. So, it is a a tre tremendous opportunity. Even if you're just getting involved in technical analysis, it's going to save you a tremendous amount of time. or if you're a seasoned pro, you're going to be able to cross-ch checkck your information uh with ours and and ultimately it's about how efficient and effective you can be with the tools that you have. So, that's what we offer here at Ask Slim. Uh in terms of the exact promo that we're running today, we have a level four promotion. Uh and that promotion is buy two. Oh, no, it's not buy. We had last week was buy two months and get one free. Now, we're running the promotion where you can save 35% off on level 4. Uh, so typically our our rate is 159 per month, and we're running it with 35% off. That's going to save you a significant amount over that 3-month period. So, it was a 3-month special offer, 35% off. It's 30375 uh relative to 159 a month. Uh, as Slim mentioned, if you are currently a member, you can upgrade. And what we'll do is we can either pause your current membership or we could prrate it and then you would get uh the new uh level four pricing for that period. So whether you're brand new or currently level one through three, you can reach out to me if you have interest in this promotion. Uh as I mentioned, I will be uh sticking around after our regular show concludes and we'll be doing a deeper dive into our tools and some live trade planning. All right, back to you, Slim. >> All right, that's great. I encourage you uh if you're interested and please do stay after this because man will do a great job in showing you the details of our level four special. >> All right. >> All right. Stock market analysis and projections. Uh this uh first uh slide is very important for you to read. Um, this talks about our approach to analysis and about you using what we share or about you using what anybody shares, anybody who's uh out there in the media. And uh this is about you being the best trader you can be and that's if you do own the trades. Trade ownership is one of the most important aspects of being a trader and that means no matter what you get from us, no matter what you get from anybody, you have to own the trade. Therefore, you're going to manage it. That means that just because we say it doesn't make it right. You look, you do your own analysis and say, "Okay, I understand this and I want to go with it and I know when I'm going to react in case it doesn't go right." And you're in charge of that. That's trade ownership and that's how you become more successful. Of course, we encourage you to consult with your advisors uh and and your own trading plan. And whether your results are positive or negative, that has nothing to do with us. It's all about you. We're the navigator. You are the pilot. And I'm quoting that because that's Matt saying. I love that one. [laughter] Make sure you go look at our disclaimers in full legal atlab.com. [clears throat] All right, stock market brief. This is what happened in the last week. Stocks, well, they're narrowly mixed on the week. S&P 500 bounced from a key top of the range support. We talked about that. I thought it was important that if the market was going to be negative, it had to give up that whole rally when it had the breakout, but it hit that support and then moved up. What has been hurting the market is Japan. Uh they're uh they uh fell pretty hard as their bond market got creamed. Uh and we're looking at some historic highs and some highs for decades [clears throat] in the interest rates in Japan. That has a lot to do with the United States. uh when the yen is extremely weak and it's about their high inflation rate about their growth issues uh then what happens is that money that uh had you know been in uh borrowed in yen or people that live in Japan they wanted to get better returns so they'd borrow in yen or they would send their money out in the United States where we had much better opportunities for them to make money on their money well you know when the uh when gets very very weak uh in Japan like we had then the Bank of Japan they want to stop that decline because the the the weaker the currency gets the higher their inflation rate gets. So they if they're going to do that and they have $1.1 trillion in assets in US assets then there's a good chance that they're going to have to sell those to support the yen. Convert those to dollars use the dollars to buy yen. That lifts the yen. That is why our market doesn't like it when the bond market in Japan goes down or yields go up and then our bond market follows that also because they might have to sell our bond market. That all makes sense. Those correlations make so much sense. And then this week when uh the middle of the week when Japan acted uh to support the yen and said that they might have to raise interest rates three times, the yen got a bounce. our assets got to bounce along with it. Those correlations, if you're not watching those now, then you're missing something that really can help you understand the market dynamics at the moment. Fed Governor Waller, let's just switch uh gears a little bit. He helped also on Thursday. He said, "Let's give this inflation a chance." In other words, expecting that inflation would come down. Um remember transitory that word when they expected inflation would come down. I don't agree with uh Waller who is dovish. Um let's let the market tell us and the market's telling us they should actually be raising rates somewhat. Fed share did warn on inflation. Bor said that and that tightening may be necessary and he is more hawkish and the market actually now is pricing 50/50 whether we get uh at the next meeting an increase in interest rates. On the earnings side, some pretty big moves. Uh we saw snowflake surge 25% on continued AI demand. Lulu crashes 20% on weak sales, weak guidance. What does that tell you? AI driving everything while the consumer is tapped out. It's there on those two charts, those two stocks. The Iran conflict heated up again, sent oil up $7. Uh light crude trading around 90. And just note that anybody who thinks that like crude is going to fall very significantly, well, I think that might happen in coming months, but it might be cushioned by the SPR here in in in the United States, which is at its lowest level in since 1982. So, you're looking at 44 years since the country has had this little uh amount of uh oil in their strategic reserve. Indexes for the week, S&P 500 and NASDAQ up small on the rebound that they got starting Thursday. They're also in the Dow down small. Lot of movement around, but the indexes really did not move much. That is the market brief for this week. Wasn't so brief, was it? Let's take a look here as we look at HYG. And uh >> I think you have to uh you have to share your your uh screen. I don't think you're sharing. I I didn't realize that you were trying to just now. So, [laughter] >> well, everything that I just everything that I just said doesn't count. I could say that right over that screen. Uh no, everything I just said is correct. And uh I uh you just didn't see the slide that I was referring to. And that doesn't matter because I told you about it. So now you could see me, right? >> Yep. Yep. All good. >> Okay. Good. Okay. So, uh that's funny uh that I was just rattling that stuff off and you weren't seeing what I was reading from and uh but at least you get the gist of it. Now, we're going to get into the stock market analysis uh first and uh I think that uh what I'd like to do is uh first talk about HYG high yield. Um I'm going to look at multiple time frame analysis in here. I'm going to tell you why it's important. you know, uh lately I've been trying to do the uh analysis around, you know, what's important to the investor, what's important to the trader, uh and especially since we're growing our uh investor, uh section here, which KD runs, and the I thought it was important to look at this and I'm going to give you some information that I think you're going to find valuable. So, let's uh switch over now to the uh chart of HY. I'm going to start out with monthly looking at this and the uh uh HRG is not one that we uh regularly do Katie that for a monthly analysis is it? So this may be important to start looking at because I'm going to show you why. So this is uh looking back all the way back to 2009 right over here on the monthly chart. So, what I'm going to do is I'm going to uh I'm showing you just the candlestick chart and our uh and our proprietary indicator right over here, the reversal scout. Uh but then what I want you to see is once I bring in the cycle analysis, how incredibly valuable this is. Let's take a look as we look at the HYG monthly cycle analysis. And this is incredible. When you look at that, you can see that there is an amazing rhythm in here in this cycle analysis and HYG and that is this big important dip right over here that went into 2016. Stock market had a big drop over there. This big drop over here into 2009 and this drop over here into 2022. You could see how these follow the markets. Now, if you look here at the um shorter term, let me see if I just have uh the detailed one up here. Uh and uh that's not the one I want to show you. So, I'm just going to go back to the other one I had. And what's important to look at in here is that this cycle right in here on the monthly chart, this is showing you that right over here at sometime quite soon, I'm just going to bring this down over here. There is this trough due right there. So if you look at these minor troughs right in here, and there's five of them inside of the big one right there. Right now, we're at the point where HYG is likely to bottom. And uh I thought I had a more detailed chart for you in here. Am I missing that? Um ah there it is. Okay. So there's the more detailed one that I worked on. And what you can see is that these minor cycles made their lows where they're supposed to. And there's one coming right over here. So if the stock market follows this pattern, which it continuously does, then we're looking at a trough to be formed over here, September, October, and then the next cycle to be moving up. What is this? Why is this important? It's important because it makes a bullish case for the stock market for the end of this year and maybe into the beginning of next year. Now, I have in my longer term analysis continuously said that I thought the market would correct into the third quarter and that the fourth quarter would probably be positive. This highlights that that it's fairly likely that the bond market is going to continue in this upward trend for the corporates and that uh whatever downside correction is going on right and over here which correlates with the stock market and I'll show you that correlation in a moment that we're very likely to be uh moving to the upside. So now what I want to do is I want to bring in the weekly and the daily chart for you to see. And we'll take a look here at the weekly. So this chart that I'm showing you right now is the weekly. And I just want to move this over to the weekly analysis. And look at the crazy good cyclical patterns that we have on here. Each of those yellow ovals are the corrective phases. And you can see that we've been in there right now on this weekly chart. What is that saying? Well, you could see that this made a trough right over here, right at that point. That's the important low. It's staying above it right here. This is a bullishly configured cycle if it holds up still. And this points out to the next couple of weeks potentially on the downside. Now, this is the stock market correlation line right over there. Look at how it follows. In the case of where we're doing right now, the stock market has way outperformed. That's AI. That's the AI buying that's going on and really helping lift the market right over here. Now, this looks to me like another couple of weeks and then the market's going to start going up. That correlates with what I'm telling you about the um the stock market that I'm going to show you, the period of risk that we're in. And we still might get some move to the downside. Let's look at the daily chart right over here. And this is amazing. Look at the cyclical rhythms that we have in here. Gorgeous. You see that the previous cycle right over here was negatively configured. This cycle failed in the resistance right over there. I can just grab this uh Fibonacci tool and you could see that got right up here actually to the 78.6 and then failed. That's a a little bit stronger than I would normally give it credit for. And then uh actually that's sorry that's right over here right okay that got up to about just over the close to the 78.6 and then uh it failed and got under this level. So you have this negatively configured cycle that's the down arrow. This here looks like uh about 2 weeks or so on the downside still. It might stop you know somewhere around here. It could get somewhat lower over here, but this is a negative influence on the stock market because they do track very closely. And you can see in here the momentum has moved to the downside as the slim ribbon has gone down the uh and is now parallel on the downside. The reversal scout down and this red signal right over here [clears throat] uh on the slim ribbon PO look at when the slim ribbon po was negative here how weak that was. So, it's just a great tool. And this says another couple of weeks out there when I look at this for potential for HYG to go down. And you know, going back to the monthly over here, it says that once that's over with, it's likely to be going up. For investors, this has a message to me. and that is that it's fairly likely that if we get some kind of a correction over these next I'm just going to say two to three weeks that uh it's likely a buying opportunity for investors and you're likely to see the market moving back to the upside again. So that is a a look at the high yields. Very important. And I think overall they're in alignment with what I thought. Weak into the third quarter, more positive into the fourth quarter, and probably into early ' 07 before we get into what I think is a much more bearish period later in 2007. So that's a look at HY and a more investor look. Now what I'm going to do is I'm going to look at SMH, XLF, XBI as proxies for the stock market because how these align. Then we'll look at the NASDAQ and the S&P 500 uh and if uh have a little time we'll look at the VIX and then I'll show you the market condition monitor uh moving forward. So now what I'm going to do is I'm going to leave this monthly chart and uh then switch over here uh to SMH. [clears throat] So, what did I say about SMH? We had a request for SMH earlier in the show and I said I was going to bring it uh here. Interestingly, so SMH, I don't normally do the analysis on this uh Katie or RV keep track of this and you can see that they were looking for the this market to move down into this time frame. Now, there was an earlier low here that was an alignment with the early low. I'll show you in the NASDAQ. And then there you can see they have it pointing down that it may actually come down one more time. When I look at the daily chart over here, this is one of the issues I had with the stock market and that is it's already broken this low and then you had this big bounce. Probability is pretty high that it's going to move down for another two weeks before this low is in place. So that would make it coming down maybe testing this low. This two weeks is really what's important because it aligns with HYG what I showed you and uh the texts are very much uh in alignment with how much it costs to borrow money. That's why we saw the weakness in HYG uh and corporate bonds. That's why we see the weakness in the NASDAQ relative to the S&P 500. All of that lines up. So what we're looking here is SMH. But then once this low is got is done in here, then we get into this fourth quarter over here and that's likely to be giving you some upside move in here. Uh, and why would I think that it could actually be a big upside move? Well, this is a very powerfully configured pattern and that says there's a pretty good chance at testing this. Now, if you look at valuations, well, the market's at a crazy valuation when I look at the overall market. When you look at something like Micron, Micron's trading at 21 times earnings right now. When you look at forward earnings, it's trading at incredibly about a 6PE because of the projections for earnings uh into the next quarter and into early next year. That's going to bring buyers in. And a matter of fact, you see Micron is up $50 today in what is quite a bullish pattern that we see. So when I look at SMH again, some of the evidence down for maybe a couple of weeks, but then probably moving to the upside again. Let's take a look at XLF. And of course, we know that the financials are very important. Same analysis likely to come down for another couple of weeks. This hasn't wanted to come down at all really when you see that. And then when you look at this analysis, it actually made a higher high that says when it comes down, it won't get down to these lows. And when that's over with again into Q4, that's bullish. Everything is lining up when I look at this is yes, the market probably will pull back uh a little bit more. And we'll look at those indexes and say, well, where are those targets? Uh but right now there's so much alignment that says to me that it's likely to go down for a little bit and then go up again. Let's just, you know, we'll look at one more in here. XBI right over here. And uh when you look at XBI, you'll see right over here that same thing, you know, likely to get some kind of a pullback over here. When I look over here, it's two two weeks, maybe 3 weeks over here to this timing right over there. But again, you know, you can see it's failing over here in the resistance area. It came back down and uh you get this roll over here, right there in the reversal scout. things over here. Things overall are looking positive, but just maybe a couple of weeks on the downside. And that's really one of what I wanted to show you as we look at these proxies for the stock market and for the timing. HYG, these other indexes, they're saying to me pullback, but they're also saying to me, watch out for the potential for a very good Q4 as we get past this period. And that's very much what I was looking for for the stock market when I did my analysis at the beginning of the year. The only thing is is that the stock market right now is showing a lot of resilience. And let's look at those charts. Uh we'll take a look at the S&P 500 first, S&P, and uh again uh same thing that we've been looking at in here, and that is the potential for a couple of more downside weeks. Now, I put in the minor supports right over here. When I did my analysis earlier in the week, and the market looked like it was breaking the daily level, I showed it a little steeper to the downside, but now I have to respect what I'm seeing. This is strong, and it turned up on this early low where the NASDAQ made its low uh deeper than this. The question is, was this the low we were looking for as it just simply stayed in a threemonth range and then broke out? When something breaks out and it comes down and tests the peak of the range, that's because all there were sellers here. Every one of these sellers for 3 months at that level. Now, when it comes back down, they want to get back in. They want to cover their shorts. They It's getting back down to where they sold and they want to buy. So, that's why you get support at the top of a range. That's why we talked about that. That's important for the analysis. So again, this looks like another potential couple of weeks because when I look at it over here on the daily chart, the daily cycle broke down. This is what got me more negative. I had this projected over here, this one, uh, to come down 7.3% down to that low right over there, which is weekly support. That's not a very big corrective period for where we are where you get all of this alignment of three cycles coming down. This is a strong market and and maybe you just can't do that. So, uh I'm I I removed that and I put it down to where those minor weekly supports are, you know, targeting a correction over the next two or three weeks of uh 7528 down to 7456. So, I've upgraded that because it found support at the top of the range and then moved back up even over the 61.8. I have to respect that. Remember, we're agnostic. Again, as I said earlier in the show as we talked about this and Harvey and I discussed our different approaches to analysis, um Harvey would look at this and I'm speaking for him and say, "Hey, we have a positive OBI here. Um, we don't have anything negative here. the slim ribbon is still at least flat and uh turning up. You see that green arrow? So, there's a lot of reason to be respectful of the fact that this market just does not want to go down. And at the same time, I'm still looking at the alignments and saying everything that I'm looking at when we look at HYG, the high yield uh corporates, we look at SMH, uh XLF, XBI, all of them say to me there's risk for the next couple of weeks. And then the sum of the evidence says Q4 is likely to be strong. So, we're going to be looking for the market to speak to us and tell us about that. Let's take a look at the uh NASDAQ NDX. And I'm running a little long, so I'm leave uh the VIX for our members. I put an update on the VIX chart in there for you. Uh and uh this uh you can see is kind of multiple sell signals on the NDX. Now the question is this could be an early trough where the stock market made its low at the bottom of the range or it could have one more sizable selloff uh in here. When I look at, you know, the SMH, it says to me potentially one more sizable sell-off. When I look at Micron, it says to me, boy, there's a lot of strength there and that stock is going to look very cheap to investors at $1,000, believe it or not. So there's all of these conflicting pieces of information and uh that's why we're in a rotational range that we are with a correction not able to go very deep whatsoever. Uh I made a case for the biggest drop that we would see about 7.3%. Uh and now I've even upgraded that based on what I'm seeing again. Here's that same pattern here. But I've upgraded those uh potentially declining here. This is 28660. This is 28315. And this one right over here is 2774. Those are downside targets over the next few weeks. And then again getting into a much more favorable period. Now looking at this level right over here, that is 29770. That's pretty close to where we are right now. If it gets above that level, it's going to give me a much more positive message overall. So, we'll look at that as a positive level when I go to the S&P 500 because I want to say, okay, what's going to make me more positive? It's getting above this level right over here. And that level right there is is a 7 770, let's say. So, if it gets over 7770 right over there, that will say this breakdown over here was false. also got support and then is in much better shape. So, that is a look at the S&P 500 and the NASDAQ. And you can tell I'm telling a story in here looking at this. Um, it's like it's like all of the variables are laid out in front of us, potential move to the downside, a better fourth quarter. Likely there may be some waffling into October uh based on some of the longer term charts I'm looking at. Uh, and you could see some of the lows show up in October that Katie and Ivy showed. Uh, but then sometime in September, October, we're likely to have an important bottom and then a better fourth quarter. Let's take a look at our MCM right over here. This is our market condition monitor. This is a level three or four um, tool that we have. It's fantastic. Right now, it's not giving us much. And the reason is very much like what I've been showing you. We have conflicting information, a strong market that is in a corrective period and a rotational condition. And look at the intermediate right over here. Everything on here is neutral. Crazy how it's not giving us any information at all. When I go to the short term to the daily, you can see in here everything is neutral. Crazy when you look at that how that all looks so neutral and what I've done and you can see the spy QQQI WMD AI I because it's neutral I want it to tell me when it gets bullish or bearish so we have an alert system in here that you can download and I go to notify and you can see I have it clicked on bearish or bullish that way it will give send me a message and tell me when any of these has turned bearish or bullish so I have those bells else. You can see lit up right there and it will notify me when any of that changes. Right now, we're neutral. So, I can't, you know, I'm telling you that when I look at these charts, that possible downside, you know, and then moving to the upside and the sideways action we've seen. And uh like Ivy would say, let's let the market speak to us before we really um uh are ready to commit in either direction. Right now, I can't make a case for having a sizable position in either direction. It says to me, just kind of keep your powder dry. Let's take a look on the short term at what the best and worst stocks are. Looking at this and I'm going to switch to very bullish and then I'll just uh scroll down a little bit in here so that you can see which ones are very bullish on the short term. uh just uh incredibly valuable because this will keep you biased in the direction that you have the highest probability. In other words, that the impulse in the market will come most likely on the long side in these stocks. And the stocks that are very bearish where there's a likely impulse on the downside where you want to bias your positions on the short side are right over here. So, uh, as, uh, we develop these tools out, they're going to keep giving you this information and more as we keep building them out to give you the best sum of the evidence so that you can make your trading uh, decisions uh, as close to market movements, as close to the higher probabilities as possible. Well, there you go. I showed you a lot in here. I made a case for both sides. Uh, and for investors, I think we could look for just resting a little bit and then potentially looking for a better Q4 after some potential correction in just the short term. That is it. You've seen our MCM and uh, great value. Remember, level three and four. Get that. Take advantage of our special. Matt is going to show you that uh, with some more detail. So stick around if you're interested in that level four special that we have and seeing those details. Matt will do a great job showing that to you. This is our level four special. $33.75 for the first three months. That is a 35% discount. You get everything that's listed in here. All of the work that we uh have shown you uh is what you'll have uh available to download on Thinker Swim. But even if you don't have Thinkorswim, the information is just absolutely rock solid. Uh and I would encourage you uh to open a Thinkorswim account if that's uh what you need and you want to get all of our live charts uh right now. Uh and so that all you have to do is go up here to our front of our page, level four offer. Click on that. You'll see the information in there and the link for you to spend just $33.75 for three months. cancel anytime. It won't renew if you don't want it to renew. It's really very very well spent. So, go ahead and sign up. If you're new to Aslim, check out our Slim AI. Uh learn from this great team of pros, as you can see, education and analysis for for investors. So, go to asklim.com team. I'm all done. I ran kind of long. >> That's okay. Hope everyone has a good holiday weekend. >> Yeah, everybody >> day off. All right, thanks team. Great job. >> Great work everybody. >> Stick around for Matt. >> Yep. All right. Thanks, guys. Thanks, Katie. Okay, so I'm going to do uh a little deeper look into level four here for the next 20 20 30 minutes. And if any of you have some additional symbols that you wanted to get looked at, I'll do some live trade planning, even if it's intraday. So, let's take a look at uh again, let's jump back to the the homepage of Ask Slim here. If you have interest in that level four special that we're running, you can sign up right from the homepage. And as Slim mentioned, uh that special is going to give us give you 35% off for your first three months. So, get a chance to take advantage of that special and let's get into some information on our charts. All right, let's just see if there's any symbols in here that people have an interest in. Okay, so they're FLS Intel. All right, we'll get a look at those here in a second. So, with level four, I'm going to go over to the dashboard. And what you're going to notice is I'm going to do a quick uh technology check. Can you can you see my screen out there in the audience? Okay, good. All right. So on the level four dashboard, you'll notice that we have a navigation here that helps with your decision- making and uh your trader style, whether you're an investor or some talked about we have for short-term, intermediate uh analysis uh and that investor style. So everything that we have in levels 3, two, and one are also included in in level four. I'm not going to go through every single service, but we have in terms of indexes and major market sector analysis, we do reports, we do videos, and those are in-depth reports, daily reports uh from a technical perspective on the uh uh major indexes. Then we look at sectors. Harvey puts out a video just about every week on the uh major indexes and many of the futures markets. That's a combination effort between Slim and RV. Uh, in terms of Slim doing the charts, then RV does the analysis live as he reviews it and then uh, records it. Uh, there's office hours with RV as well. This is a chance for members to share symbols that they would want him to review. So, I'll just pull that up here real quick and give you an idea of what that might look like. Also up on my screen is a cycle low timing tracker. And this is prepared uh by Katie. What we're doing here is we're taking a look at our our focus list of symbols. We have over 80 symbols that we're monitoring and we use our cycle analysis uh to review where these symbols are coming into their periods of risk. Also when you go into a period of risk, you also have a new period of opportunity uh that comes out of that as uh as the cycle goes through its phasing. So we're looking at that cycle timing period trying to identify when that period of risk is in play and then as the symbol shifts out of that gets into bottom pending bit gets into bottom confirmed. This is all really important to you as a trader because obviously our goal as a trader is to be able to get to a place where we have uh a sense of do I have a trade do I not have a trade? So what are my building blocks around the trading process? How do I get to that trade no trade decision output? You got to know your outlook and holding period. Am I looking what's that opportunity that I'm trying to build my trade around? Is it for the next few minutes, few hours, few days, few weeks, few months, or longer? Really important to be able to decide what that looks like. Sometimes it's really done for you by what the charts are telling you or what the indicators are telling you. Uh but once you have that sense around your holding period, what's my directional bias? How am I going to lean when when it comes to my position bias as well? And then when we get that sense then we get into more details on the actual uh if you're a technical analyst then you get into the technicals uh in terms of moving past just the directional bias. Then what's that immediate price move path is the current price action moving up? Is it moving down? And we have tools that can really help give you a sense of that. And then price maturity. So are we early developing late? Is it extended? Is the uh momentum is there expansion relative to price or is there divergence relative to price? Uh looking at time. So cycle analysis helps us. I just talked about that with the cycle timing tracker. But also with cycle analysis, you get a sense of when we should be in an idealized rising uh peaking, declining, bottoming phase and seeing that cycle uh go and repeat is really important in terms of having a rhythm uh with the way that you approach understanding price move. Uh key levels, you got to know where these levels are. I call them invisible fences. If you don't know where those levels are, you're going to run into a fence and and wonder what happened. How how how was I yesterday was up at $100 and I'm thinking it's going to go to 105 and now it's rejected and I'm back down. It's back down to 92. Well, uh what we try to do is try to identify where these key levels are where there's going to be a reactions, right? There's going to be an imbalance that starts to come into play and you'll see a reaction. So the point of me showing this in terms of the technical evidence case trade versus no trade building blocks is that you want to have tools that can help you go through this decision-making process. And with level four, you're going to get access to all the tools that we offer. You may not use all of them. It's like Netflix. You might have u you know 125 different shows, but you're you [snorts] there's 10 10 that you favorite, right? But of those 10, there's three that are most important. You know, that's how it sort of works here is that there's going to be a set of tools or a set of content or services that are most important to you. Uh, but level four, the distinctive difference is that you get that access to our charts. And when you have access to those charts, you're going to have an opportunity then uh to be able to take advantage and then import those onto your own screen. So, that's what I'm going to do next here. sort of step through some live trade planning and we're going to look at how we use uh I'm going to take a look at a couple of our tools. If you have a if there's a a symbol or two that you wanted to have me review, I'll do that um now so you can see it in live time how I use the tools and then I'm going to step you through just a workflow workstream that I use uh for uh with the tools we have as well. So it looks like we have uh FLS. So Claude, if you let me know the time frame you're interested in there. And then okay, CRWD intraday for Tamara, I can do that. Intel for Jazz. And now Linda, if you could let me know the time frame you're interested in turning the holding period or I can just step it through and just show you what I'm seeing. I can do that as well. And then Claude had a question regarding time periods. So we look at obviously intraday or intraday, but we even break intraday into three different time periods. uh what we look at scalping, we look at minor and then we look at like a major time frame. So that's that's how we look at the intraday breaking that down even into into uh structure when it comes to a holding periods. Uh near-term, yes, one to five sessions. Short-term is 1 to 3 weeks and intermediate time frame is 3 to 8 weeks. And then if you go past that, that's more investor uh periods. Okay, so let's start with Let's start. Let's take a look at Intel. Uh that that one popped up here. So, what I'm going to use for for Intel, I'll look at a couple different grids, but this one is available with our level four membership. With our level four membership, you get access to the grids that the team prepares and have uh we call them pre-established in advance. Okay. So, this is work that we've done to identify setups in terms of the structure of these grids that we feel are best suited for an outlook style. And then we bring in the the studies and the indicators that are best suited to help with determining directional bias, determining strength and momentum, uh determining uh helping with key levels, so on and so forth. So, if we look at Intel right now and if you're look if you're wanting to have an an intraday look. Oh, no. I'm sorry. It wasn't Intel and intraday. It was CRWD. CRWD was intraday. So, what I'm going to do is go from left to right because, you know, typically you would have the symbols that you're looking at and you you understand what where they've been. uh you I mean it's if you're experienced enough you can jump into any symbol and you can pretty quickly uh get a sense of things but I'm going to go on the left because I have my two-hour chart. So that's typically the the longest time frame I'm going to look at if I'm if I'm an intraday trader because I do want to see what the big picture is and if I'm going to run into, you know, uh where we are in terms of my momentum indicators, what's the shape of the recent price patterns? where do I have any uh key levels that I need to be paying attention to on a little bit longer time frame because again I don't I want to know where those invisible fences are. And you can see that it came up and it bumped up against that 50% basically and where we had the slim ribbon cross. So that was around 21731 and that happened uh today. Okay. [clears throat] So, right now on my 2hour chart, I would consider this to be overall pretty choppy. Uh, okay. So, the, you know, there's nothing really here that's screaming at me. Either way, we're trying to to put in a low. Again, I'm just talking aloud as I would walk myself through this. The SMI had turned up. So, with the other momentum indicator still weaker, uh, and the SMI positive, that's what says to me it's neutral and could be choppy. My key level on a on the 2hour uh is 22120ish area. So 221. So I'm just keeping that in mind as I go. And then on the 15minute 15 minutes going to help me. I use this to really get a sense of more my dominant let's for for intraday trading. Uh the this is this is a [clears throat] view that tells me like at the moment what do we have going on with momentum and uh trend and you can see here even on the 15minute that we're we have a negative condition on the reversal scout slim ribbon is neutral been chopping around we had that that push up this morning SMI is trying to turn up again on the 15minute now I'm going to move over to my 8 minute my 8 minute helps me get a sense of what's the current swing so this is like my windshield field. I would say this is these are going to be my longer term view is the 15minute and then I got the 2 hours really my bigger picture. So the 15minute tells me do I have momentum intraday at my back or not and it's conflicting right now. Smi is trying to turn up. However, the reversal scout is still weaker. Hasn't turned up. So we're you can see it's getting stuck up in stuck in that slim ribbon in the reversal scout. also just stepping you through the sort of the methodology and the concepts uh that we would that we would use. And then I have my more tactical. So my tactical is going to be my 3minut. So that's my immediate look at the price action, the momentum, what's happening uh in that move uh on on the 3minut. We have a day trader service that gets even deeper into this and I'm not going to go over that today, but I wanted to pull this up right now. All right. So, let's just do a quick little review here of uh what could be happening in CRW CRWD. All right. So, at the in the immediate term, you can see what happened just now is that or relatively just now, we have the reversal scout turn up. The SMI is going to be the most sensitive of our three indicators that we like like to look at in terms of trend and momentum. You can see that turned up early. Okay. So, it's going to be more anticipatory. It's going to be choppier. Uh but the reversal scout has is trying to turn up. You can see the neutral uh neutralized here in the slim ribbon. So, at the moment because the 8 minute. So if I'm uh if I'm looking at the next several minutes uh let's say to maybe half hour at the moment right here, you know, we're because the longer duration time frames are either neutral or slightly bearish, I'd even call them uh in terms of momentum at the moment, then my decision on position sizing is going to be smaller because I don't have great alignment yet. Uh, I'd like to I'd like to really see alignments in these. I mean, this pattern here is overall more bullish, but then you had a breakdown here. So, again, it's very choppy condition right now in CRWD. I mean, you had a nice little move that occurred already, you know, that move today uh from that got up to about that 50% level. So, I always I always want to think about that too as I'm as an intraday trader. Did a did a nice move already occur? And then I want to wait and be patient for the next opportunity. So we got a nice rally that occurred off that 50% that I targeted before and we we came up here on this 38.2. You can see. So, I'm just going to clean up some of these and then we'll talk about So, my upside right now at the moment, uh, even though we've, you know, this move is is a little I wouldn't say is overly mature yet, but, you know, we're into the later stage. If you if you bring this into like a cycle analysis kind of uh mindset or theory, you know, we've we're we're [snorts] now beyond just like the early rising phase into more the late rising phase. could be getting into the peaking phase, but there's still some room to go here. So, it would really for this particular symbol right now, my my my overall lean is uh bullish, but again, we're a little late in the in the rising phase of the move. So, there's a decent portion if I was a you know, scalper or looking at a move that only was 15, say 15 to 30 minutes. If you look at right now, we've already this move has been now 1 2 1 2 3 4 five six six candles to the peak. So, you're about 18 minutes that got to that uh you know, the top here. So, you know, we're 18 minutes into this move, but I can still see some room. We closed, you know, above that 61.8. Uh if the reversal scout rolls over, you know, that would be negative. Smi rolls over, that would be negative. that then could open up the door for another downside move. Really where it gets weak where you could have a retest of these lows is if it broke around 21275. Uh that that's where I would be cautious on CRWD. Uh otherwise at the moment, you know, we're it's attempting to make another run, but I mean this is in typically is key resistance zones, right? So we've moved through the 50% into the 61.8. These are natural sell zones where people who are setting up their systems, their automated trading systems are looking to take profit as they get into these key zones. And then what has to happen is that the buyers have to digest those sellers enough to then push it to to another swing. And right now, you know, it got pushed into that 61.8. Now we're chopping around and and really you have to see can it hold here? You know, can it hold here? Can another new bar uh the next bar make a new higher high or do we start to make lower lows? So, you know, I don't I don't love it at the moment in terms of an opportunity if if it could break out, you know, then then you also I'm looking at smaller position sizing because I would want to give this more room. If I had to enter the a position, I'd want to give it more room and and based on the momentum at the moment in the 8m minute. Um, and based on the SMIs, lean slightly to the long side. However, if these break down and roll over, then there's risk back to the downside. So, this one's very choppy. I mean, there's nothing great here at the moment in terms of would I be looking uh you know, at a setup if we made a new higher high above this candle and this candle. Okay, then I might say to myself, I have a longside opportunity. I'm going to keep my position sizing small, you know, whatever that would might be, a quarter size, third size position, and then however you determine what your your risk is. For me, what would invalidate this? I wouldn't want to see it uh break below the I know there's a lot that's a lot of room to fall, but really to invalidate you see a lot of times a wide chop. So getting below that 78.6 would tell me that that move is over and there's new risk back to the downside. So, I got to see a breakout uh because the price got into the resistance zone pulling back now. And then if that happened, I I would want to see where we settle, where this settles in because then I have a new draw that I can do. So, let's just for hypothetical purposes say that we paused somewhere around here. Well, then I have if I'm a scalper, I've got my new targets. If I'm more on the if I'm more of a minor swing trader looking at the next 15 minutes to say 45 minutes, I might be looking then back up to somewhere around here around 214. Uh if we break down below that 212, well then there's there's risk that we could get back down 78.6 to the 100% retracement. So somewhere around 212 uh and and maybe even testing today's low. So, this one's pretty choppy, but I wanted to give you, you know, a deeper overview. This grid itself is available with level four in our proprietary grid section. All right. Uh, Tamara, if you send me an email, if you can send me an email, I will show you exactly where it is. But, um, let me pull up. I'm assuming you're a level four member. Okay. So, if you're level four member and you want to get access to the grids that I'm talking about, that's going to be right here. proprietary indicator and grid resources. Those are going to be the the the pre-established grids that we set up. The ASX slim chart grids are going to be all the ones that we update on a regular basis. So, these are the evergreen uh pre-established grids. These are going to be the ones we're updating on a regular basis where we have our focus list, you know, that varies from the indexes to futures, gold market, you know, VIX, silver, then getting into me, um, energies, oil, so on and so forth. So, that's the difference between those two areas. But, I would say this is a really nice intraday setup. Some of you might want to tweak it where you go down to a two-minute. It doesn't really matter. That's the great thing is you can you can go in here and you can adjust uh the time frames if you really wanted to. But this is the the the method that we use uh in terms of looking at multiple time frames. And the reason for the multiple time frames is that it gives you the bigger perspective. Uh it helps with position sizing. And we like to see alignments uh on on these uh charts. As I said with this one, there was a lot of conflicting uh information and you got up into that resistance zone and you see the sellers come back in and now the SMI has rolled over in both of these. So now the risk, you know, if we break break down below that 78.6 that sort of scalp uh the scalp long side concept is invalidated and then there's risk back down to the downside. If you're not a familiar with day trading, you have to make a lot of decisions and those decisions happen relatively fast, especially if you're looking at a threeminut. If you're uh the longer time frame you go out, you need to have more wide uh you know, your your riskreward, you know, giving give giving you a perspective on how you want to set up your stops. uh you probably want to give yourself more room, especially when you're when you have very choppy conditions that like we're seeing in CRWD. Just getting these cleared off. Moves happen fast. All right, so Claude asked about FLS intermediate time frame. Let's go take a look at that one. So this is another setup grid that we have available for level four members. This one really encompasses all the key time frames. So I've got my monthly here in the bottom corner, my weekly, my daily, my 2hour, my 15minute. Depending on your trading style, you adapt yourself in terms of what you're going to be looking at. Uh, and I just this one has all of them on there. So, if someone asks for an intermediate time frame, I can I can work my way through that. If someone's asking about a short-term time frame, I can do that as well. So, with FLS intermediate time frame, I'm going to look at monthly, weekly, and daily. And so, we'll start off with the the monthly. I'm going to do this one uh much faster than the other one where I really step through the sort of the entire process. But we have positive conditions, strong momentum, strong pattern structure to the upside. Just going to look at try to get a sense of any key levels. I mean, recently this one's had an amazing move, you know, very, very strong all the way through. Just based off of the monthly chart at this point, we've, you know, we've hit some key markers on the upside. There could be some room here to get up to around 253 uh on a longer term basis. Very strong, uh, overall pattern structure at this time. So, I would say that, you know, 253 is in play right now. weekly chart and I don't I don't have the cycle analysis done on this one at the moment but weekly chart obviously very positive so just from looking at the bigger picture very positive but again you have to go beyond just directional bias to then also think about what's that outlook period that I'm looking at right now and am I looking at a new position if I'm looking at a new position for how how how many days weeks months uh with something like This is important because it has moved up to a place where we're now into some some resistance zones, but overall the pattern is strong and it would take, you know, a good amount of technical damage to to change that picture. I mean, quite significant. You know, at this point, we're probably talking about the first warning for for me would be a weekly close. So, I'd be setting an alert around 183, 184. Yeah, I would say 184. That would be where I would set an alert here. If it closed below there, then there's a good chance that there could be a a peak here that has uh occurred overall uh in a more of an intermediate time frame. Just going to see if anything stands out really quickly on the cycle analysis side. It's really jumping out at the moment. One more quick check. It's not bad. Yeah, that looks okay. So, I would say that this is obviously you can you can see this is very strong once we made this low here. basically consolidated, created a base, and then took off late in in this cycle after really chopping around, made a a cycle breakout here, you know, above 14175 and took off and now is going to make another right-hand translation. So, we're coming into the first I would call this target zone uh on the intermediate time frame. You know, we reached that 22450 inside of this target zone. So, it's not surprising that we're starting to get some um some some selling coming in. I'd watch that uh 24345 if we were to continue on the upside to probably see some more selling and then you get a pullback. And again, I mentioned what that level was on the downside that I'd pay attention to. So, this would be my, you know, minor swing low here. That would be the first one for me to watch. And the key levels would be uh a close below that 197 on a weekly basis or 187. Those would warn me that there's a good chance of a a larger intermediate type peak could be in place. And then I'd have to monitor that that pullback, make sure there was no overall technical damage done to the pattern and then see where we are where we are for that next. But this has been really a really nice trade once we broke out, you know, above this prior cycle peak over here. Got a nice pullback. These are this is where you want to get your opportunity for the next trade, right? So the breakout and then as you zoom in on the other time frames, you start to get your swings that you can you can build off of. Now, these cycles are based off of that that weekly, so they don't really they don't really fit. Uh they just carried over. But anyways, you can see here that you once you go more granular with your time frames, then you can start participating in these other moves. And we have tools that can help with that. Like these, this is called our Slim Ribbon PO. So what it does is it's going to measure the overall momentum condition and uh when it measures that momentum condition it is going to color the line green and the candles green and then when there is a a pullback for example when you have a dominant bullish condition and there's a pullback it'll measure when it pulls back into the oversold area and then it gives you a continuation signal when that likelihood of the pullback is over and then you see that next rising phase come into play. Another little pullback, another rising phase, another pullback, another rising phase. So when things are trending, the slim urban PO is fantastic to give you an idea of when can I potentially re-enter, you know, um because that's a question we get all the time is like how do I how do I participate with something that is just taking off on the upside or the downside? Well, what you have to do is go down to a more granular time frame. So, you if you're looking at a daily chart and you got to have tools that can pick up when there's a a new swing that is uh presenting itself, a new continuation opportunity. All right, we got to do FLS, too. So, I did a real deep dive there into CRWD. Claude was looking for FLS. Let's go to FLS. LS. So, FLS really great pattern here that was created on this breakout. See, these are the kind of patterns you want to look for. You have a a long-term breakout going back several years. You get a pullback. the pullback doesn't do technical damage. So, you're going to expect that you have pullbacks, right? So, we're trying to understand the dominant trend within the dominant trend. When does the pullback end and the new opportunity begin? So, that's why multiple time frame analysis, cycle analysis is so helpful uh to to try to get a feel for overall pattern structure. What's my dominant pattern structure? When does the momentum kick back in? And if I do a retracement draw to see how deep this correction got it got, you know, down into that 50 to 61.8 just a little bit below it. Didn't close below for me. I if it closes below these key levels, that's more meaningful. We get a test in there. The buyers come out and then you go into the shorter duration time frames to start seeing where your participation can can be. Uh but I'm sure Claude's looking wanting to understand what do we have right now. So, right now we had the the monthly you can see is flattening out on the reversal scout here uh in terms of a key level off the monthly. It got down in that 50%. So right now we're just tracking consolidating uh this larger move that you know came into some some key fib extension zones and now we're just consolidating in in the middle of it with the moment uh monthly momentum going sideways rolling over slightly. So we can take a look at the weekly weekly chart. I mean this looks very very choppy at the moment consolidating that big move that it had from 50 up to 92 pulling pulling back you know really creating sort of a pennet or a flag situation right now if you look at it you know I'm going to draw a couple different trend trend draws here. Yeah, this is a really not, you know, typical traditional kind of pen and flag pattern here. Bullishly configured at the moment. Uh let's see which way it it it tried to get to the top end here, pulling back right now. And from an intermediate time frame basis, you know, where the supports today or this past week, we got into the 38.2 to the 50%. I don't want to see it on a weekly basis close below the 61.8, that would be a warning. And then if we get the weekly close below the 78, you know, that would right now it's pretty much in alignment with that trend line. And if you close below there, that could open up the door to some deeper selling uh you know, on the overall pattern here. You know, the last time it pulled back here, we got to the 50% rallied. We're not able to get make new highs yet. So, we're stuck in this range. And if we break below, have a weekly close below that 70 78.6 six break that trend. You know, there's there's some risk then that opens up the door, you know, to probably get below this 50%. Uh you can see it came back as mentioned today, this prior peak, right? Pulled back and tested this multiple times now here, here. So, this is a key support area. Otherwise, you likely have risked to fall the way to 58. Um then, you know, keep going. You go over to your daily chart and you can see that it's the reversal scouts rolled over, SMI's rolled over. So right now the immediate price path is down, you know, the momentum down. Um, so then it's a matter of if I'm an intermediate time frame trader, when do we start to see this turn? If I'm bullish on it, you know, then I'm um needing to for for me it's I'm I'm waiting to see some amount of price action and momentum turned back in the direction I have an interest in having my position bias. So, if my position bias is long, then I want to make sure that I have some price action and price acceptance and and some momentum that's back in my direction. Right now, it's not. you know, we have what I look at in terms of SMI and reversal scout, slim ribbon, you know, these have weakened. Uh, and there's some risk to the downside. If I do a quick draw from highs to lows, you know, it's got to get it back above say 79 and close above there on a daily basis to to sort of stop the uh technical damage that is started right now because we have a minor swing low that was violated. And if we close today below that that's negative. You know these are just as a trader you have to have a methodology that tells you again what's you know what's my bias which way do I lean you know when when do I have a trigger that tells me to look at something to as a continuation in the direction of interest you know when does my analysis get invalidated. So all those things are important and right now on the long side this one is not showing the proper signs. um in terms of immediate signs at least of of a of a long side and on the downside if I'm you know if I was a trader it's not on the on the intermediate time frame basis you can see that we have we had conflict right we're stuck in inside of that range right now we're trying we're contracting though so if I go to the 2-hour I even get a more of a x-ray vision zoomed in look you can see that we had a breakdown reversal scout the 2hour slim ribbon had gone negative. We tried to rally inside of the 2-hour slim ribbon and actually got a really nice intraday trade or near-term trade on the downside that set up as a part of the fact that the reversal scout rolled over. Right? Reversal scout rolls over. We get a uh rolls over then you have a breakdown in the 2hour which is your your trigger SMI breaks down. But this is all within the confines of something that is you know more neutral overall neutral in the bigger picture even slightly bullish. Uh but you know when you have momentum that is rolling over in the monthly again you just have a lot of conflict. So you had a move that was accomplished on the upside and now you have a battle going on between the bulls and the bears and different time frames. And then right now the bears are winning uh in the shorter duration time frame because you had that minor breakdown and you got 2 hours rolled over and so if I'm a you know a swing trader in the near-term time frame I would have been watching for failure right so I mean this is a quick move lower maybe did the 38.2 too. Get out of that and then you're watching for the next opportunity. The slim ribbon PO fires negative. Uh but you have to be watching for the the bulls to come back to life uh in this one. But right now, you know, the downside risk to me, Claude runs 70 7475 to about 7275. And and I would start watching for support to come in here. If support can come back, then you can watch for another opportunity to the upside. At the moment, it's weaker uh in the shortterm conditions. Hope that was helpful. Okay, there's one more I think n and then we'll call it call it a day on the the symbols and then I'll just show a couple more of the tools very quickly. So these grids here, my whole purpose with a lot of this is is to show you the depth of what you can do with these charts that have already been pre-established. So now let's go to NO. Linda had asked about NO. Run through this one very quickly. So NOW get this old drawings off of here. N on a monthly basis is trying to turn things around. The the monthly momentum has turned up. So, let's just see where uh on the uh on the upside came into that 38.2 sort of stalling right now. The next target on the upside if you're more of a longer if you're trying to get a longer term look intermediate to longer term look is around 160 there could be an opportunity to get up to this was a very strong monthly candle here. So that's a look at the monthly. We look at the weekly chart. The weekly chart, you know, we had a breakout. So if we are looking at uh swing opportunities uh in terms of pattern structures, we get a breakout that's positive right now. So I don't I don't have um I'm sure Arvy or Katie have the cycle analysis. It might not exactly match up to what I would I would do here because I'm just doing it on the fly. So, this was a nice cycle breakout here. So, this one in the intermediate time frame is more bullish. Uh, and that speaks to what you saw on the monthly, but we've come, you know, we're about into that late rising, early peaking phase here. Still time to go where there's an opportunity to get up to that next resistance area, which is around 160. So, now let's go over to the the daily chart. On the daily chart, OBI is neutral. It's because we have uh we've come, you know, come a long way here on on the daily chart. Um coming into let's just do a quick draw. See where we are on the daily levels. See if we're coming into Yeah, we're coming into that resistance fib confluence resistance area here. 61.8. 8 to 78.6. These were off of the the weekly chart, but overall this one's positive. It's going to finish it's going to finish um the cycle here. Let me just look at a Just looking at the cycles here on the daily. See if I can pick up anything interesting here. That looks that looks decent. So you know even in the the uh the daily cycle strong right-hand translation when you have these strong right-hand translations those bode well that the next cycle especially that early rising phase especially when you're coming out of a base. So this was trying to base for right many months and then oops and then when you come out of that base there's a lot of pent up energy energy or money flow and the money flow is you know the bulls and the bears been fighting for a while and then the bears give up right or give in and then you have this acceleration that occurs. So, we've got a really nice move that happened and there's still a little bit of room. Overall, this is still a positive pattern, but you've had, you know, you had a nice move to the 78.6. So, that's my look at now. So, I hope that uh helps with those symbols that were asked. And then the last thing I'm going to do is just show Slim touched on the uh MCM, market conditions monitor. It's a fantastic tool. There's multiple time frames here all the way from intraday to intermediate. And what what you can do is what I do is I like to go and and take a look at I'll actually create two two um two market condition monitors that I'll create for myself. Just pulling that up so you can see what that looks like here. So I did a split. What I did was I split the Right. So I to show this again. Okay. So, let's add a split view in here. Why does it keep doing this? I'm trying to get this to split it up. There we go. Add split view. Okay. So, now on the left I go to intermediate. on the right. I'm going to go to either near-term or even intraday. And then I'm going to sort. So, if I was looking for bullish opportunities, uh, and I wanted to see, let's say BHP, you can see BHP is actually negative on the near-term. So, what I do is if, and I'll go to the chart here in a second, but I would set an alert for slightly bullish or bullish. And then what I'm what I want to have an opportunity for is to see if there's a new swing that I could participate in given that this is a very very bullish condition. Is there a new upside opportunity that could become available? And so what you're doing is you're going more granular in those shorter duration time frames to see if those are uh weaker and then for a resumption or continuation in the shorter duration while the longer duration stays positive. If they there if a breakdown happens in the longer duration, well then it's all in invalidated uh and you're not anticipating, you're waiting to see if you get that shift. So then what I would do is I go over to the chart just to because I never use the MCM just in isolation on the decision. I'm going to confirm and walk myself through it on the charts themselves. So we are talking about BHP. That's what I pulled up here. So there's clearly a pullback that's happened while this has been in a a huge move higher. Um so that that pullback could be you know deeper than deeper than expected um given the rise of this. So I don't I don't love this one uh because of uh because of uh the magnitude of this this rise. But let's just say that we are going to look at an opportunity here. Then essentially I'm going to set my alerts. So let's look at another one APD and see if that one that one's similar. So, it's weaker in the shorter duration time frame in the near term. Let's see what this one looks like. So, what you're seeing is this breakdown here. So, as a near-term trader, the [clears throat] directional bias is negative. But as a let's call it intermediate time frame trader, you might be looking for this one and have an interest in it once it reclaims its bullish state in the in the near-term condition or in the short-term conditions. So as long as we don't get a breakdown, a more meaningful breakdown in this one, you know, you might get a pullback. Uh but what I what I'm doing is I'm using the MCM first to give me that directional bias of interest. So, if I'm looking for longside opportunities, I can I can sort on very bullish. If I was looking for very bearish opportunities or just bearish opportunities, I can do that. If I was looking for neutral because I wanted to do some a premium selling, uh, some iron condors on where symbols have conflicts happening, you can look to do that. And then you can set those alerts. So, I could set an alert on APD to notify me when the slightly bullish or bullish condition reappears. and then I can re-evaluate on my chart to see if it fits what I'm looking for. And usually what I'm looking for then is that the continuation opportunity there is a a price path, a key level, a projection of interest that is still in play. So right now, you know, I'm looking at 316 to maybe 320 321. Uh, and as long as we don't get I mean, my first warning would be a close below the swing low here, then I just have to continue to be patient. Uh, you know, if you're a near-term trader, then that's different. You know, now you might be looking for potential short opportunities, but overall, this one's positive. So, at the end of the day, even if I'm a near-term trader, I typically don't want to be going against the more dominant longer term conditions, unless the cycle analysis maybe told me that we're now into a cycle timing period where a low is due or that a it's clear that a a peak has likely formed. But if if it that's not the case and I'm still, let's say, in a rising phase on the weekly or something and we're just getting a conclusion in the in the daily chart, well then I'm going to watch for that pullback to happen. Let it settle in to support, let's say, and as long as we don't get a close below the 78.6, six. My first warning is at, you know, this 298ish level. Then I'd be watching for another opportunity to develop in APD where I have my targets on the upside and the targets on the upside are based on the overall configuration. And if you just look at, you know, at a glance here on the left chart, what do you see? Well, this was the shape of an inverted head and shoulders, right? So right there you can see the inverted head and shoulders and it's trying it tried to make an attempt at getting back above this or going after that prior high and let's see how far up we got. Yeah, we got into that 61.8 to 78.6 and it's chopping around in there. So that's how I use that MCM. uh it can give you immediate directional bias conditions that you can look at from multiple time frames you know what are the conditions of each one and then I usually do the split screen where if depending on what I'm looking for whether bullish or bearish in a particular whoops in a particular uh time frame I can then you know if I go to let's say shortterm I can do the same thing and it might even either stay in near-term or I might even go intraday And if I was looking at PPH or let's say silver silver miners as an example, uh it's very bullish at the moment. So let's go into the intraday and see what we have there. It's bearish. So, let's say I want to be notified if silver miners got back to bullish, slightly bullish or bullish. Because if I'm a near-term trader, short-term trader, I want to get a sense of when the shorter duration time frame gets back in alignment with that longer duration time frame. And so, the MCM is an extremely val valuable tool to help you with directional bias and then when changes occur because that's why we have these timestamps so you can keep track of the most recent changes. So, I'm just going to look at SIL here and then we'll wrap up. Sil very strong move back up to those prior minor highs here and now just sort of stuck in a range. But yeah, this got back. So, you know, on the intraday basis right now, we're talking about it being it's bearish. So, if I'm going to do intraday, I'm usually going to look for bullish or very bullish. That's going to tell me that there's been meaningful change on that intraday time frame, which means that the if we go look at it here, the the 15minute and the 2hour are are likely to have uh confirmed on on the upside. So that 15-minute and two-hour right now, the 15 minutes weak uh and that's why you have that more bearish condition on the intraday, but overall the pattern's still bullish. So I'd want to see this turn back up. If it turns back up, you know, then that could mean that that next near-term swing could be underway. You can use the slim ribbon PO would would fire. Right now, it's weak. So, I you're patient. You're waiting. Uh unless it got into some support area, but even even if it does, you know, I'm I'm only going to be looking at a a smaller position size um until it starts to tell me more that it is. And it doesn't have to tell me in every time frame, but there's got to be something that suggests, okay, there's a there's a higher probability that we're moving back into the direction of interest that I want to have my position bias for. So, right now, week in the 15minute, SMI in the two hours rolled over. Smi in the 15 minutes rolled over. The slim ribbon's negative. I'm I'm not interested in long side and SIL at the moment. It's got to show me something on uh on the long side uh where the bulls are are trying to get back after it and then I'd be have more interest. Right now, you know, it's chopping around inside of uh some near-term support and resistance areas that it started to form. All right. So, that's a look at the key tools I wanted to share, the the grids that you have available to you, the proprietary indicators that you can open up on your own platforms. Take take advantage of these tools, and you can be much more efficient at your process, decision-m process when it comes to using technical analysis and technical evidence to build your use case around am I going to be long, am I going to be short, is there a trade now, not now? uh all of those key decisions that you have to make as a trader. We have the tools, uh we have the methodology, and we've really went a long way to to build these out in a pre-established way so that it saves you a ton of time. That's what I wanted to share today. Uh again, if you have an interest in the promotion, uh we have that special offer first three months 30375 and it's 35% off. If after you say the first month you're not interested anymore, you can cancel and you would not be rebuild. If you're currently a member, uh we can prorrate your your current subscription or we can pause it and you can try out level four and then uh if you wanted to go back to your other level, you could or you would receive that pro-rated rate uh credit towards your first three months level four. All right, everyone. Thanks for sticking around. Wish you all the best. Great trading and and have a a great weekend.