askSlim Market Week 08/07/26 - Analysis of Financial Markets

This is market week live for August 7th, 2026. Information and support for traders and investors. Welcome everybody. Welcome to the participants that are in our room and welcome to all of you out there that are watching us on social media or on YouTube. Uh glad to have you joining in with us. We have a jam-packed show today. So, I think you will really enjoy it. Yes, I'm back. We're live. I had two surgeries on my cataracts and the world looks very different to me now. Maybe not an allysis does, but the world is very different. I have new glasses and uh I can't believe how poorly I was seeing before, but now I see clearly. Let's uh move on here. The um what we're going to bring you today is our uh Q&A round that's with our analytical team. So, uh, those of you that are joining us now, uh, that are level one to four members, you can put your questions in, uh, into the Q&A and we'll be, uh, answering those around analysis or, uh, anything you have regarding our services or trade planning, uh, or trading issues that you might have, we'll be glad to answer those. Uh, and then, uh, we're going to get into, uh, our, uh, further into the show where Matt is going to bring you, uh, just our great, uh, day trader, uh, special and tell you about our day trader service. It's just absolutely phenomenal. People that are in there just love it, and I think uh, you will, too. So, we have a special and then I'm going to bring you my market analysis and perspectives. Uh, we're going to do it a little differently today. I'm going to bring you my trader perspective and my investor perspective is they're actually quite different because the markets are telling us things right now that are positive but then there's a reason for caution and I'll show that to you. So uh we're going to get into the analysis and here remember I do the I'm the lead on the futures so I'll be bringing anything on the futures. I see somebody's asking now for gold and then uh the team is going to take over and they bring you the equities and ETFs. So that's the analysis that we're going to do and I see some questions coming in right now and uh we'll probably take about 10 12 minutes on those and then we will get into the uh rest of the show. If you're brand new, get acquainted. You can get our sir light. That's our snapshot uh on the stock market every single day. Matt does a great job on that and brings you the S&P 500 for free in your email. So, you'll be able to get that by going to the top of our website, free stuff, and sign up for that. Uh, and no credit card necessary on that. You could check out Slim AI in the bottom right of all the pages. Uh, it's an amazing AI and it'll talk to you in my voice if you want to use the voice mode and you can ask questions uh about the market. If you're not a member, it's just going to be general questions. If you are a member level 2, three and four, you can actually share charts with it and it'll help you uh with your trading decisions and the analysis. You can click the notification bell uh on YouTube uh and do like the video uh and give us that thumbs up uh on xfollowme asks slim and any questions you have Matt will be very glad to answer those for you. write to mattaslim.com. Uh for uh our uh emails uh if you have membership issues or website issues, you can write to team at asklim.com. And uh any questions again on the content uh firsttime deals uh if you want those, Matt has those for you if you've never been a member. So you can write to mattaslim.com for those. Also, here's our hosts. We have everybody here today, our amazing analytical team. Uh, I've been around since 1974. Uh, and uh, just a a little quick announcement. I've been working on a book that I think is going to be absolutely uh, amazing for everybody to read. So, watch for that. I'm probably a few months from publishing. So, just wrapping up the manuscript now. So, wanted to give you a heads up on that. Matt's been around for a couple of decades as uh, RV has been for pretty close to that right now. and uh Katie uh our expert now on option trading and on our uh she's our lead on the the uh investor hub. So she does all of the longer term analysis too. So uh you have any questions about what she does, you can write to her, you can write to any of us uh to get any information about we bring. So uh I do suggest if you have any questions to direct, you could write that to team at askslim.com. tell them who to send the message to and that's probably the best way. All right, this is our Q&A right now and I see some questions have been coming in uh and uh be glad to get into that. Let's see is there anything uh quickly that I can answer here before I jump in. Uh Becca is saying uh Slim, what's your favorite monthly chart indicator? I actually still use our reversal scout on there. I that's really my favorite uh for for these I you know the slim ribbon is just a a great indicator for us also. So we use both of those for momentum. I really like the reversal scout to give you a sense for momentum. I'm going to show you that on the monthly S&P chart uh in just uh a little while. So uh that's what we're going to look at. My uh I see here that the only thing that anybody is asking me for in the future side is gold. So, I'm going to give you that gold analysis right now and then we will move into the um uh questions on the uh ETFs and uh stocks. That's not what I wanted. Let's uh move over here into there's gold. So, interesting the gold pattern in here. Gold had a little bit of a shift to the left in here. See what happens on the harmonics is that these are just guides. I mean essentially we're looking at energies in the market and sometimes something moves a little bit as far as the influences of the market. So we were looking for gold to actually give us our potential low out there in September where you see that silver right over there but then gold wanted to make its low or earlier. So who could argue with that and you can see the upward turn right over here in the reversal scalp. So that's a pretty good warning to us when momentum is changing or a cycle transition is going on right now. We call this the bottoming phase as it's very early and you can see these rising phases right over here with this slight left shift that has gone in here. So if you look at the reversal scout, you see where it turned down right over here. I mean that was really screaming that there was a very important turn right over there. And you could see actually here in these corrective periods when it just flattens out and turns up again, just flattens out and turns up again, those are really good indicators that the market is very strong. And then when you get the sharp downturns like you see right over here, that's usually bad. And when you get an upturn over here, when the cycle is supposed to be at a timing period where it troughs, where you get into this bottoming, that's a bullish sign. And now you see the magnitude of the upside move right over there uh into that middle of that minor resistance zone. And just look at the shape of this. You could see that it's really turning up in there. So if I look here at the uh daily chart right over here, just move this over and move it out a little bit. What these patterns are suggestive of, and you can see silver is that silver dash line right over there. So, there's a pretty decent alignment is that gold might get some kind of a minor pullback over here into this uh late August period. But overall, this really looks like a basing or bottoming that's going on in here as it's been in this range from about 4450 down over here to about 4,000. Now, it's getting up to the top of the range right over there. Maybe it gets a little higher, a little bit of pullback right over here. And then this time frame over here in late August, early September is probably a buy period. So we'll be looking for some kind of a you know pullback in here uh that gives us a a longside opportunity. So let's put that all together. So you can see the sum of the evidence here is that momentum is turning up. a bottoming period right in here, a basing type range that's going on here, a pullback that says that what we're looking for is a longside opportunity, not a short side opportunity. Uh because the long side really looks like the right side right now looking at the gold market. And that's what we do. We look at the different time frames. We look at the momentum indicators. We look at where support resistances are. And that tells us uh you know a really good strong indication about where I want my next action to be. I want to be a buyer of gold. I want to do that in a way that is prudent. Looking at the potential for some kind of a pullback in here and uh that I think is coming up pretty soon. So gold is the only thing that anybody asked about for the futures. I'm going to turn this then over to the team uh so that uh we can then get into the next phase which is the equities and ETFs. Uh, I'm going to turn this over to Arvy and Katie. Take it away. >> Okay, let me share my screen. First one that we are going to look at is Costco. Okay, here is Costco. And as you can see, we are just one week into this weekly cycle timing window, which is this uh period between these blue vertical dotted lines. And it looks like we formed an early low, but there is still a little bit of time to go. This is not conclusive yet. Um, we do have the reversal scout turning up, however. So, I would like to see a little bit more strength in here, but uh believe that this is likely the early intermediate low that has formed just a couple of weeks ago. Here, if we switch over to the daily chart, you can see that this cycle is just ending. It's uh right inside this daily cycle timing window and uh holding supports right here at the bottom of the support zone has uh you know about a week to go. So uh would expect this to form a basing cycle which is a positively configured cycle that forms after one or more negatively configured ones. Just uh referring to whether uh the cycle ends higher or lower than where it began. So, this one looks like it will end higher than where it began and then uh make another upside move and that would confirm that uh trough was the synced uh short-term and intermediate term trough on July 10th back there. So, this one uh could set up a good buying opportunity coming forward. Let's see. I have also got uh Pan-American Silver. Let me go back to the weekly chart and pull that up. We're a couple weeks into this weekly cycle time. I think it's pretty clear we can take off this projection now and having this low a little bit early again the week of 713. So this is going moving into bottom confirmed for the weekly time frame. If you are Katie, are you there? >> Looks like Katie froze. >> She froze up. Katie, are you there? Okay, now I think we see you moving. >> All right, go ahead. I think we just uh lost you for about 5 seconds there. Can you just go back a little bit? >> Should I go back to the Pan-American Silver? >> Yes. Yep. >> Okay. So, right here we formed an early intermediate low and starting to move up. If you follow the cycle low timing tracker on the website, then this will have been moved into um bottom confirmed status as of next week. Over on the daily chart, you can see we've made it up to that 78.6% fib. We have a timing window coming up 8/19 to 827. There's earnings coming up. Of course, anything can happen, but this is looking positive right now. And the last one that I have is Tesla. Tesla had this big drop, broke below the um cycle low support. There we have put in a resistance zone. That would be a sell zone for a move back down into this timing period between uh September 28th and November 6th. So, beginning of the autumn, we should see a trough form in Tesla and then hopefully can start to do better after that. We've got negative momentum with our reversal scout there on the daily chart. This could be an early low. Uh we are just uh entering this uh daily cycle timing window um as of Monday. So we're looking for a move back down. If that doesn't happen, then we'll have to adjust these cycles. Maybe uh shorten them up by about a bar and maybe a slight uh left shift there. We've got negative momentum with both the reversal scout and the slim ribbon. So would expect rallies in Tesla to fail just based on this overall analysis. And then uh we had somebody request a monthly chart of stocks and that is over here. We're uh just in this timing period for this minor cycle trough to be forming and moving back up. No uh levels here have been violated in this time frame. So, um, we don't have a timing window when a trough is going to form out until the end of 2027, beginning of 2028. So, would expect, uh, this trough to form and then to, uh, try to retake this recent high and perhaps push higher. I'll turn it over to Arvy. >> All right, awesome job. Thank you, Katie. Let's go ahead and share the screen. We'll take a look at the SMH. SMH on the intermediate term. Uh you can see we are due to form a low. Uh but there is no obvious low quite yet. Uh this low obviously is at uh right around 504 or so. So it you know if that can hold and we can hold up for a little bit longer here then we can look for this as having been that actual low and you can look for this to work its way back up to the upside here. On the short term you can see so far it is holding. There was a low due it, you know, it absolutely sold off perfectly. put in that higher low structure and then has since curled its way higher. Uh so we're going to be watching to see you know how does this act it if it's able to hold up and it can form that higher low then this was below. If it is not able to do that and it ends up rolling its way back down like that then we would look for a low to form some around the end of the month. So we just have to wait and see. Uh but so far it's acting okay uh off of this short-term trough. We jump over to GS. GS I think is still heading a um a little bit lower here. Okay, there's a load that's due not for another, you know, few months here. So, we'll be looking for this to work its way lower uh a little bit at least. Uh and uh shortterm, you can see that this is starting to form what looks like an an early high back here. There is a load that is due also right around the end of the month. We're going to be looking for this to lose that 61.8 fib. And if that can happen, that would in all likelihood be the high. And we would be looking for this to then roll back into new swing lows versus right around 980. And that's all we have in GS. Going to hand this off to you, Slim. >> All right, taking it back. Here we are. That was great analysis. That's an example of uh the type of analysis that we do here. Uh remember we look at our key momentum indicators. We look at cycle analysis to uh for timing and we look at multiple other things to come up with a sum of the evidence and hopefully uh what we uh believe to be the next possible actions when we see something that does become actionable. And of course we share that. Uh RV uh does our trade idea section. uh his ability to have pick the um directional uh the important directions that are there have just been phenomenal. If uh you go in and look at that um his directional decisions that are around 71% which is just off the chart. So uh great work by RV uh that's uh for level three and four members are trade ideas. So take a look at that. Uh, and if you want to see that, uh, and you're not a member and you want to get that for the first time, you can write to manadazzlim.com, ask him for a level three or four member special, and then you'll be able to see RV's fantastic trade ideas, which he puts up all of the time. He does a little video with that, explains it, does some teaching, just an amazing offering that we have regarding that. That is our Q&A for this week. All right, I'm going to turn this over to Matt and he is going to uh talk to you about our day trader service uh which uh the people that are uh members of our day trader service have just absolutely loved it and he'll tell you why. Matt, you want to take that? >> Yeah. Here we go. So, first I'm just going to show the home screen of homepage of Ask Slim because some of you may not know that we do offer uh membership levels. Slim was explaining some of that available in terms of the services in level three and level four with Arby's trade ideas, but we do have uh four membership levels that we offer at at here at Ask Slim where we provide uh professional technical analysis services, trade planning, education and tools through these memberships. And it starts with level one, two, three, and we go all the way up to four. And what happens is that as you go higher up the membership levels, you're going to get a more expanded experience in terms of coverage. So in level one, it's mostly looking at the major ETFs in the major indexes. And then as you get into level two, it spreads into what we call our focus list of symbols. There's about 84 symbols, uh, tickers that we cover, major markets, futures, uh, ETFs, sectors, including also our investor hub that that Katie does the monthly cycle analysis in. Then when you get into levels three and four, that's when you start expanding into our tools, our automated bias tools, position and trader bias tools that come with the MCM and our ranking system and Katie's cycle timing tracker that you can get in level three. And level four, you get access then to our proprietary charts. So our thinker swim charts where we do all of our work. We actually share that with our members. So you will get direct access. You get under the hood. You can see the slim ribbon. You can see the reversal scout. You can see it at multiple time frames. So that is available in level four. Specifically today though is I wanted to highlight and feature our day trader service. So that is something that we have been continually refining and polishing over really the last three years and we try to bring out new things uh maybe once a quarter or at least twice a year in terms of refinements. So I'm going to uh do a demo after our regular show today concludes and and just run through what's available in the day trader service and highlight uh something new that I've been working on that we'll be introducing next week. Uh but I'm just going to run you through very quickly here at a high level the day trader service uh what comes with the special offer. So we have a special offer. You buy two months of the day trader service and you get one free. It's only $89.90 if you divide that up over the 20 so or so market sessions. It's extremely inexpensive for the value you're likely to get. So what are you what are you going to get? Well, you're going to learn how to avoid lowquality trades and stay out of trouble. So, we are very focused on momentum and trend conditions and not wanting to put you in a position where you're trading against them. So, we make it extremely clear when you have a strong momentum or trend condition. And also, you're going to learn that picking every top or bottom is likely not going to be the highest probability opportunity. That doesn't mean that you can't play reversals, but our system and our tools are set up to try to keep keep you away from picking every top and bottom. Also, we have uh some studies that recognize choppy conditions. And when you start to get chopped up, there's nothing worse than that because if you're if you're keeping your position sizer at large or you want to trade every little wiggle that happens inside the uh the choppy conditions, it can it can really uh frustrate you and and really affect the P&L. So, we have some tools to help with that. And also knowing when to reduce your size or even just stand aside. Uh we have multiple time frames. We even bring this into our day trader service. This is something we do. We look at in near-term, short-term, intermediate, looking at whether it's monthly charts, weekly charts, daily chart, 2-hour chart. Well, even in our day trader services, we use important multiple time frame uh studies uh and outlook periods to help with relative strength, dominant directional bias. So, you're going to be able to instantaneously be able to compare major indexes across time frames to know which one's leading or lagging so you can get on that right side of the momentum trends or stay out of trouble. Also, Slim developed something called the impulse monitor that helps us uh be able to ride the move with more confidence. So, it's a tool that is looking at underlying conditions, multiple time frames, the en energetic principles of the move. And when there are things that are in alignment and unfolding, then it will show you that there's a positive impulse that's likely underway or a negative impulse. It's not meant to be a reversal indicator. It's meant to let you know when a larger move is unfolding or happening. When uh intraday price moves are stalling or reversing, we have tools to help spot that. And then Fibonacci levels, key key support, key resistance, and we have something that we call acceleration zones. So, it's really really important uh if you're a trader to understand what I like to call as where these invisible fences are. So, if you're looking at a blank chart, then you could run into these invisible fences where there's major reaction points. So we try to pinpoint those. We have a road map of support and resistance on resistance on the upside, support on the downside. So I'll get to that. I'm going to show that live in action here today. Uh but these are the two cockpits that we have. We call it cockpit one and cockpit two. Cockpit one is the indexes and ETFs. So you get S&P, NDX, the cash indexes, the Russell, and then you have index ETFs. We even bring in uh DIA on our 8m minute and then also on the impulse monitor. Then we have cockpit number two which is for futures. So we've got the ES and the NQ on there multiple time frames 15 minute 8 minute 3 minute and we have indic we have indicators and we have labeling so that it's very clear what the conditions are both on uh cockpit one and cockpit 2 and I'll show those uh uh later after the show is over. And then I am available on the zoom as the zooms are running. I'm not calling out, you know, trade ideas or anything like that because these are really your cockpits to make your own decisions. Uh, but I am there to help answer questions if you do have them. The, uh, day trader service has the two cockpits, but then we also have a backend area where you have direct access to the impulse monitor and that there are 24 tickers that the impulse monitor tracks throughout a market session. You've got the uh, index ETFs. Then you have Apple, AMD, Amazon, Baba, Gold Google JPM Meta Microsoft Netflix, on and on. Uh the most liquid and and mostly the the best U traders will be expanding that list, but that's a great core list to work off of. Then we have a replay system where we take uh screenshots of past price action market sessions every five minutes. It's a fantastic strategy review tool. you can go back in time and look at how our how our tools are are are looking and working uh during that market session. So that's the day trader service. Very very powerful tool. You're going to learn a ton. We have a huge resource area and it is again buy two months get one free $89.90. You can go to the homepage and that's where you can uh purchase it and I'll be also doing a live demo uh after we finish our regular session today. All right, back to you Slim. All right, great. Uh just uh to reiterate that you are going to be uh staying on after we're done here and those people that want to learn more about Day Trader, you're going to go into a lot more detail on that. >> That's correct. >> Right. Okay, great. I'm sure that's going to be a a great review of this really great service. You know, I've said this before, but you know, I've been a day trader since I started really on the CBOE back in 1974. And uh as things became more technical and things, you know, it was important to understand market conditions and momentum and that really became the edge. We had to really design a way that uh that traders could could h feel that intuitively, see the see it on the screen and then be able to react to where those uh energies are to be able to catch those bigger trades. And I have never seen anything as good as this day trader. So, uh it it's just uh it's been a combination of work from all of us. Uh and uh I I just think it's the best out there. So, stick around. Let Matt show you the detail on that. and uh I think you're going to find it fascinating. So, thanks for that, Matt. >> You're welcome. >> All right. Stock market analysis and projections. This important information, this uh slide essentially tells us about our approach to our analysis and the important aspect of trade ownership. You must own your own trade. No matter what anybody says, then you're the one that manages the risk. Uh and that means when somebody says something like us, you go and do your own analysis. You confirm it. You know what your risk is. You know what your out is. Uh and uh that's really what the important aspect of trade ownership is. And of course, always uh consult with your own trading plan. Uh because uh we're not responsible for your trades whether they're positive or negative. You're the one uh as Matt loves to say, you know, we're the navigator. You are the pilot. So that's the uh important way to approach this. So read this uh fully through and you'll get a good idea. All right, market brief stock indexes. Well, they launched upward. huge gains that we saw uh that came uh early in the week uh as traders got an idea that there was going to be some uh resolution as far as the US and Iran S&P 500 which spent three months in a range breaks out to the upside to an all-time high on that Iran optimism NASDAQ no all-time high and that one is lagging and I'm going to talk more about that in just a little while. Uh earnings uh they're just not strong enough. I mean the prices that we saw these stocks move up to uh relative to valuation I mean or the the number of times sales that we just have never seen before uh except maybe in 2000 during the dotcom bubble and bust nothing like that we've ever seen before and that's why you see AMD and SanDisk and Western Digital and SpaceX down big on earnings that actually beat expectations because they just can't be good enough for the prices that these stocks have moved up to. Regarding the Iran conflict, well, Iran and Oman apparently have a deal to open the straight of moose selectively. They want to charge a 7% toll and let everybody through unless you're US or Israel because then you can't come through. Uh so they're out of that deal. And you think that President Trump is going to go for that? He's been silent today and I think the reason for that is is because he doesn't want to upset the markets today. But I think we're going to hear something uh pretty aggressive uh coming this weekend if this is what the deal looks like, which is totally shutting out the US. Uh and I can't imagine that that's going to fly. Oil, well, it did crack $10 to the downside. Bond market rallied sharply as yields drop. All on hope for this deal. This is not it. I can tell you that this is deal is not the one that's going to fly. If this is the one, then you know the president uh is going to back out of this with a total loss and I think everybody's going to be all over him on that. So I might get some comments about don't make political comments. Well, I'm talking about the markets here and how the markets are going to react and I don't think they're going to like what's coming if this is what the deal looks like. Employment numbers show weakness. jobs were created not actually lost 23,000 jobs when they estimated creating 82,000 jobs. Unemployment rate 4.1% but that was on at the participation rate which fell. In other words, there's less people that are participating in the workforce. So that makes the unemployment rate better and it's kind of a fake way uh to look at it. Overall, we see uh the job market as getting weaker. indexes for the week. Well, up three to 5%. Uh 5% uh is the NASDAQ Russell lagging those numbers in the small caps, but overall definitely a great week. Now, as uh right now, we're getting to the uh midday point, a little bit later than midday right now. The uh S&Ps had been up over 50. They've given away half those gains right now. And I wonder if there's anything that is coming up on this news regarding the uh Iran deal. All right, so let's move forward. Do it a little differently this time. We're going to look at the stock market and we're going to look at a trader outlook first. Then I'll uh uh put the MCM up there and we'll be able to look at our uh great market condition monitor. Uh so you'll be able to see how to use that. Uh so we'll look at the S&P 500, the NASDAQ, and the VIX, multiple time frame analysis. Uh and then we're going to switch over to an investor outlook a little bit different than the way I normally do it. Uh where as I'm telling you right now, the trader outlook still is positive. Uh and the investor outlook, well, there's a lot of caution in what I'm going to show you in that. So let's take a look here as we u move forward uh and look at these uh uh different stocks. Let me uh move over here. And here is the S&P 500. So, what we're looking at is the weekly on the left and the daily on the right. What I'm going to bring you is a couple of different scenarios uh to show what I think is potentially going to happen in here. So, our thought was that the stock market would turn over in here and have one more decline into August and September. Now, we talked about the beginning of the year that we thought there were three periods of decline. Uh, one over here, March, April. This one over here, I'm sorry, one over here, March, April. This one right over here, which was not very deep. And then another one into September right over there, which we thought was going to be probably the biggest uh downside for the year. Now, the market's trying to make me look at this in a different way. And I'm always going to be agnostic. I'm telling you that. you know, if something happens that looks like it's changing, you know, I'm not stuck with a bullish or bearish scenario. Whatever it's telling me is what the uh market is is saying. And I'm going to look at that. Now, there is some potential that the declining phase right in here is was handled in a rectangular shape right there, which would be a very bullish thing if that is the case. Now, I still contend that the period of risk takes you out into September and that there's a chance that this is called an up thrust. When you get up outside of the range, once it gets back into the range, the up thrust fails and then you end up going into the corrective period. It tried to break the bottom of the diamond in here and you see could not and came right back into the range and then broke out on the upside. Then when that happened, you can see the reversal scalp turned up right over there. That is a bullish thing. when that happens. So, I'm giving you the potential that there is a bullish scenario here when you look at this on the weekly chart. Still, we have this period over here and I'll show you that on the daily chart where the market could be pulling back. So, we'll have to wait and see how that happens. If this up thrust actually holds or it completely reverses and if it would happen, it would happen starting in a few days. And I'll show you that looking at the daily chart right in here. So, you can see the cyclic action right in here. It's just beautiful. You can see each of these bullish and bearish phases right in here. This low came just a day early and then moved up. So, we were actually looking for the market to try to rally in here. But no way was I looking for the magnitude of this advance and the breakout. I just wasn't looking for it. I was looking for the diamond to potentially break on the downside, which it did not. And now you have this. You can see this actually quite a big rectangle in there that formed uh as uh it had a one two cycles in there. Actually three if you look at this one uh where it was in the range. Now you're up here and what we're looking at is the potential for getting up into this fib extension range right over here. That's about 77. That's about 77.95. Let's just say 7,800. And that's about 7875 right in there where it could continue to come up right there. Now, then we would look for it to stall and get into this corrective phase right over here. That's where I'm talking about that up thrust potentially reversing once there's a peak right in here and then coming back down. If it gets into range again, it's not going to be a positive thing for that to happen. Now, let's just examine some scenarios that are that are in here that are possible. Always want to look at both sides of this. And I if it turns out that, you know, the rectangle was the whole corrected period and now we're getting into a bullish period, uh, then it would say to me that the formations then going forward would be positive. If you look right over here, we're going to look at the positive scenario right there. And that would call for, you know, continuing to get up over here, then having some kind of a pullback and then moving to a higher high. And you can see how I'm following these cycle rhythms right in here. And because this was a higher high, it would have a higher bottom and then make another higher high. So I'm just using the information that we get off of the markets to be able to extrapolate from there and say, well, this is what a positive trade would look like. And if the, you know, the market pulled back in here and was, you know, holding above the top of the range, you would know that's probably a pretty good buying opportunity for the market to be moving up again. That scenario is in alignment with this weekly corrective period right in here have actually having ended and this whole corrective period we're looking for out into September with a big decline. Well, that wouldn't happen because the market had proven that it only wanted to correct sideways. possibility. I don't give that a lot of weight, but I have to give it some weight because of what we're seeing right now. Now, the other possibility is that this market is going to get into this period August and September and then that would give you uh some cyclic action that was different that was more negative. So, let's look at the negative scenario right over here, which is that the market fails in here, comes down, and then this rally over here does not get to a new high. That's going to give you some risk coming to the downside right over here. So, that's, you know, important when you look at that. you know, the the VIX pattern to me, and I'm going to show you the VIX, is telling me that there could be another few days uh of the market trying to get to the upside and then uh that, let me just put up these uh put up all my notations in there, and then moving up again. We're in this period right over here. This isn't particularly uh on the VIX uh a bullish sign. We can get down here under 15 right over there. It's kind of choppy, but then potentially getting back up into the 20 20 range or a little bit higher somewhere out over here. When I look at the daily VIX, it says to me it's probably another few days in here that the market can hold up on the positive side, but then after that, this is where we get into the period where VIX could have another move to the upside there. So, this is telling me, well, the rally that we're seeing in the market could potentially hold up for well into next week before it then begins to uh get into the period of riskiness again. So, back to the S&P 500 and the negative scenario, for it to be that negative scenario, you would have to get this break in here and get down into that range again and then the next rally to fail. That would be telling me that the correction that we're looking for of some significance on the downside into September, that's this cycle right over here. You could see that bottoms midepptember. Then that would be where there is a lot of risk in the stock market. Right now, everything pointing upward. So you could see positive momentum here in the weekly. You can see the slim ribbon PO turning green right over there. You could see the option bias indicator saying keep your options biased to the long side. All of this right now is positive and you would expect that on this breakout right over here. Now what I'm going to show you now on the NASDAQ is different and this would be uh this is important for what I'm going to show you for the investor information coming forward. Now you can see in here the NASDAQ uh had a significant break. This was about 11%. And this was, you know, in the time frame that we were expecting the third downside move of the year, but then you got this big rebound right over there. So, the the uh downside move here, the question is, is it done? Well, I don't think so, actually. But still, it has to be proven just as we said in the S&P 500. So, again, we're looking for this low out in September. Here's you can see what's happened in that is that it's still that this rally this rising phase right over here and uh projecting up over here this is around 29,900. This is back up near those all-time highs 30,000 uh 6 30,000 uh8 right on that area on the upside. We have to see if this can establish. Now again what we're looking at is shortterm this has turned neutral here. So it's not as as strong. This has turned green and we have this uh bullish occurrence here on the slim ribbon. All of this in the short term is looking pretty positive when you look at that. But the intermediate dominant on the weekly is still negative and you're going to see that reflected when I look at the MCM which we're going to look at next. So the NASDAQ significantly weaker than we see in the S&P 500. Now, the Russell, the small caps is kind of in the middle. Did make it up to uh a new high. Let's uh switch over now and look at the MCM, the market condition monitor right over here. And what you can see as we look at the intermediate conditions right over here, that we have slightly bullish upturns here this week uh in the major indexes right over there. You can see here Apple happens to be neutral uh and the QQQ the is is neutral right over there. war. The reason it's neutral is because you have positive conditions on the short term, but you have negative conditions or mixed conditions on the longer term which is dominant. So, it's neutral right now and you're seeing that when you look at the chart as it can't make a new high. When you look at the short term right over here, then you could see all of them are bullish. They all turned bullish this week as I showed you right on the chart. So, if you wanted to get notified on these right over there, you could just click notify. uh you know I want to know when this uh moves to back from bullish down to neutral right over there and now it will just uh pop up on my screen and tell me when it's uh switches to neutral uh when it does show me some failure in there and you have to download our notification app in order to do that and if you need help with that you can write to our team so the uh this is the MCM so you could see it's improved a little bit on the short term intermediate term You're still seeing that uh weakness right over there in the QQQ. Uh you want to uh for our level three and four members, you can look in here at all of the stocks in here. There's hundreds of them uh to be able to see them and to be notified when things change in them. It's really a great way to monitor the potential trades in uh as you approach your trading in the market. So, wanted to show you that the MCM wanted to show you the multiple uh views at what I think we're seeing in there. And the key important thing, and I'm going to show you this to you as we move forward uh as I take a look now at the uh investor view. So, this is the trader outlook that we looked at right over there. And you could see that, you know, what we saw was uh that the uh short-term outlook right now is still looking positive with some caveats in there that the intermediate cyclical pattern suggests there still could be that period of risk where the market pulls back in some sharp way into September. So, uh that's uh that's a look at the uh short-term or the trader outlook there. We're going to move on. I showed you the MCM. Now, we're going to talk about the investor outlook. We're going to uh look at the S&P 500 monthly investor sentiment and the 2000 peak indexes to do some comparisons when we look at that. So, the first thing I'm going to do is I'm going to bring in the monthly S&P chart right over here. Now, this is fascinating when you look at this because I'm going all the way back here to, you know, 1999. So, we're looking at uh the last 27 years right here. And look at the remarkable cyclic action. You could see in the bottom are the cycle brackets and show you the harmonics in there. And uh where you see these three vertical timelines right over there is where three cycles are nesting on there. And that shows you the periods where it's likely that bare markets will end. In other words, they sell right into those nesting areas. Now, bare markets start, you know, with some variation of time. It's rarely less than about 9 months. Uh so you know if I'm looking for a bare market low somewhere then nine months from there or these started 24 months in advance that's 24 months here in 2000. This was 17 months here uh of a bare market in 2007 to9. This one was 9 months right there. This one was 10 months. And you could see the amount of decline into those periods. So you know of course uh 51% 58% this was a mini bear depending on which index it was 16 to 21% down right over there 27% down over there and then there are intermediate periods where the market has pullbacks uh and uh those tend to be less severe because the upside momentum keeps them from being severe. So if I just look at this period right in here that we're in right now, you can see that the stock market is rising. There was even, you know, there was no moment in here since the pandemic when our, you know, indicator, the reversal scout said anything but being positive. We had that question earlier in the show. What's my favorite indicator? But this is not uh uh giving you any reason to to believe that the market has paused. Now this is when you look at a monthly chart, it's very lagging. You need to look at shorter term charts in order to fine-tune that. And uh there's several things that I want to talk about because the market looks strong. I'm showing you in the short term that everything still looks like it turned back up and is positive except for the lagging NASDAQ that we're looking at. And of course, we have a conditions of extreme overvaluation like we have never seen. Now, with January 1st of this year, it was extreme uh with the the Buffett indicator at 224, the Cape Schiller at uh 40.7. Uh here is uh now at 232 and 42.2 the readings right now. Uh these are so far beyond what we saw at other bull market peaks it's not even comprehendable except for the fact that they're pricing in some earnings or economic growth that none of us know about yet. And maybe AI is a paradigm shift. We don't really know that but they're pricing that in. That certainly is the case. And of course, a lot of these earnings that you're seeing are from the circular investing that we have where they're all investing in each other and all buying from each other and that boosts the uh earnings potential. But AI is part of the technology world and technology is always cyclical and uh stuff gets commoditized and as before it gets commoditized there's indications of that and the prices then collapse. That's what we saw in 2000 happen and the NASDAQ never recovered from that you know for for years after that. So bullish right over here when you look at the monthly this you know has not changed it's been that way it is at extremes right now. So that said, looking at the monthly, I want to make some other important points right over here because when I looked at the at the um short-term trader uh type of analysis and those uh projections, they're they're they're looking at momentum, you know, there anything can happen in the short term no matter what the longer term situation says. In this case, this is still positive. looking at that there's there's no reason to say anything other that than that unless the short term gives you some indication that something has changed. Now let's look at something here. This is the Bank of America bull bear sentiment indicator. This is at 9.7%. Now anytime it's gotten up to these areas, this the stock market has been in huge trouble and you've had very significant pullbacks from that. You could see uh the peak here where it got up over here in ' 06 of course and came all the way down in through uh ' 08. Uh here here we're at huge level of investor sentiment. What does that mean? At 9.7% investors are fully committed. I mean they've spent the money. They're ready for the market to keep going up and that's why the sentiment is there cuz they're in. Last week I reported investor cash flow. Investor cash was at a record low 3.6%. That's not investor. It's actually money manager uh levels of cash. So you have money managers all in. You have investors all in and fully committed with the sentiment being very positive at conditions of valuation metrics that we've never seen before. This is a setup for trouble when you look at that because there's so much that is already in place on the upside. What's left to buy? Where are they going to get the bullets for it? Yes, they can get a breakout like we had in this week and push it up very quickly. Then the question is, is the energy there or the fuel to keep it going? One more note I have on the bottom. 2026 is different. How is it different? Well, there is $12 trillion in equity der derivatives plus $200 billion in leveraged ETFs that can force a cascading selling when this turns down. uh ordinary decline can be very sharp and it's self-reinforcing downturns. This is a caution I'm giving you because the money may not be there to push this market up very far and the setup is for declines to be very sharp. I say that telling you that we don't have any indicator that it is starting that anything like that is starting yet. Now let's quickly look back at this 2000 period that I referred to. It was huge swings as the market made its top and it took many many months. This was like a fivemonth top that uh developed. You can see that you know it came down just like we were in this range this year and this year went up tested the highs and then started to chop around and come down. Now this is the S&P 500. This is the NASDAQ and you can see that the NASDAQ which started to fall and then because the pricing got crazy couldn't recover to a new high. This is what we're seeing going on now. So maybe the NASDAQ gets up and tests the high. I don't really know whether it's going to but it is weaker. I'm not telling you that the NASDAQ is going to lose 80% of its value like it did in the bare this bare market. What I am telling you is that there are things to be very c uh to to to look at and say well there's a similarity here that may be valuable because if the NASDAQ uh stocks the AI got very overpriced and then started to correct in a sharp way then maybe they're leading the way in a correction or a bare market that uh the rest of the market didn't figure out yet. You know, when you look at over here and you see what happened is that what happened was was that there was a big rotation like the rotation we're seeing now. S&P 500 stocks continuing to get bought. Every time you went down, they came back in find different things to buy, but they weren't buying the techs. You could see that in here because the text got very weak. This is a similar scenario to what we're seeing right now. So for investors, there's a reason for caution. S&P 500 monthly still rising positive intermediate still rising positive short-term giving you all the positive indicators until that changes there's no top however when you look at valuation metrics at extreme I think the coming bearer well there's no sign of it at all yet but when it comes you're going to be able to tell because I think the derivatives will give very sharp declines as they implode on each other essentially because there's so many things connected here on the bull side and I think that's going to turn out to bring some pretty sharp declines. I would not be surprised to see some regularity of two or 3% down days. Uh when this peak does come right now it's still not there. So I don't want to tell you that I'm expecting it now. I'm just telling you caution is warranted. That 2000 peak is a valuable comparison. There are similarities right now to what we saw back then and I think it's something to pay attention to. That is the stock market investor outlook and I think caution is warranted. This is our day trader service. Matt's going to be around uh later after this show uh to uh give you a lot of detail about this. He gave you a great look at that uh earlier in the show and you can go back and look at that if you want. uh buy two month get one month free. This keeps you on the right side of the market. The bigger moves, that's really the key and fantastic information there. Two different uh uh cockpits that you see there. Uh one on the left with Matt's road map. Lots of great information in there and some really beautiful upgrades that Matt did to the uh cockpit to really give you a good sense for your directional decisions. And uh fantastic. Just go to the top of our website, click on day trader special, buy two get one free. More information there, and of course, write to matt aslim.com. That is everything. Boy, I had a lot to share right there. I think the team did a fantastic job. Team, what do you got to say? >> Great work, everybody. >> Yes, very good show. >> Super interesting. Yeah, thank you guys. >> Thanks for the input all to all of our members. >> Okay, everybody stick around. Matt's not going anywhere. He's going to show you more on the day trader. Thanks, Matt. >> All right, take care, team. Okay, everybody. So glad you're going to stick around and check out the day trader. I'm going to pull up our day trader service dashboard right now, and we'll step through each one of the uh tools that we offer with the day trader service. So, we're going to start with our uh we're going to take a look at the replay system because the replay system, as I mentioned before, is a really good strategy review tool and the replay system is available without any special software. So, the day trader service, you can access your day trader account right inside your ask slim membership and it's accessible anywhere, anytime. Now, obviously, some of the tools are only available during regular market hours. So, I'm going to help you understand how that works as well. But this is the day trader review tool. So, today's 87. And as you look at 87, you'll notice that as the bell rings here, this is 8:31 Central Standard Time. The system takes a screenshot. So, our impulse monitor here on the left, and I'll I'll explain I explained that a little bit earlier uh in terms of what its function is. Uh but most importantly what I want to show you here is the fact that we have uh this replay service. So it's taking screenshots every five minutes and you can go forward and backward in time and you can see how our indicators work, how our studies are working uh relative to the price action. So I talked about before that we have on cockpit number one something that we call our road map. So this is the prices where we have support and resistance. Support on the bottom, then we have resistance up on top. We color code the zones to give you a feel for when there are likely reactions in terms of resistance uh opportunities in terms of what we call acceleration zones and then also in terms of support. So let's just fast forward here a little bit and you can see how the market started when the market opened our impulse condition. We turn that on about 10 minutes after market opens to allow for some of the some of the chop that happens. I mean, usually there's a a good amount of chop that happens, especially in the first, I would say, 15 minutes, half hour, sometimes even hour of the market session before things settle in. You might have your first swing high or swing low that you can work off of that's meaningful. But you can see here how the market opened. We had a positive condition in the spy QQQIM. DIA was neutral and we make an attempt at this green line here. This green line is what what we call this the resistance signal line or the trigger line. So as you get above that trigger line, there's a high probability especially when you have momentum in your favor, right? So these are two momentum trend indicators. This is our reversal scout at different time frames. one's more sensitive than the other and then you get up against that resistance trigger line here. And I'm always watching that because sometimes it'll peek its head through there. It'll pull back and you want to be paying attention to what's happening on that pullback. And on that pullback, if you have a dominant condition that's established and that's why we use multiple time frames, then that helps to give you some confidence as you as you may push back through that trigger line that you could have a nice acceleration that occurs. But you can see here how the NDX came in in that first 30 minutes here. Got up through that first uh acceleration zone, came up against some resistance, backed off. Same with the the Russell. The Russell came up through a couple layers, a couple zones of resistance up near this trigger line, which is also where yesterday's high was. Started to back off, and let's just see how it played out. Got a pullback And a lot of times what's interesting too when you have a strong trending uh move intraday the slower reversal scout can act as support. So you monitor that. Now the the Russell is a lot more choppy uh than than the the S&P and the NDX. But when it trends it really trends. But look let's watch how that reversal scout that slow reversal scout slow. We have just simple way to describe it. You have a fast reversal scout and then a slow. And the fast one's really great because when it does shift, it gives you a sense of when a nice a swing has just occurred, whether that's a swing high or swing low. And then when you have a when you have a new shift, that can help uh depict when a new swing could be underway. So you can see we had that pullback basically right on Q for both the reversal uh for both the NDX and the S&P to the reversal scout slow. And then we had this huge bull bar that formed. So even if you're just either a scalper or minor swing trader, you can start to see things develop. So let's go back over into the 8m minute as well. It's so important to understand, you know, where the support, where the resistance comes from. So we use the bands of the slim ribbon to also help with that. So you can see how we start getting into those bands of the slim ribbon. And really, you know, there's no reason to anticipate. And if you are going to anticipate, you want to see some type of momentum condition, a shift in your direction at a lower time frame or at least if you're going to enter on a more of an anticipated uh look of some technical condition, you know, I like to look at having a smaller position size to start with and then sort of building into that that use case for yourself, right? And so we get that pullback. You can see it comes into that third band. Basically, we don't close below any of the slim ribbon here. We just get below that 21 EMA on the 8 minute. We come real close to that reversal scout and then you start to take off. All right. So, you can see that happen here and you really get a nice opportunity. We get through the acceleration zone here on the S&P. And uh the other the other great thing about the way that our tools are set up and you'll see down here we have an SMI, our stoastic momentum index that we've customized and what we do here with the SMI is it helps a lot of what we do is to help with relative strength between the indexes and I mentioned that earlier and if you look at the raw SMI value you can see that so you can see how which one is strongest at that at that time and you know really the S&P and the Russell at that at that time were were strongest. If you come back here, you can still see that, right? So, as we as I go back in time, that's why this is so helpful. We look at where that low formed, you had the S&P and the Russell strongest, the NASDAQ weakest, but all three of them still showing that impulse condition as positive. That's what we I talked about and and what we really try to uh teach around here is the importance of understanding the more dominant condition because as you do get those pullbacks or retracements into the into support zones or resistance zones if you have a bearish uh situation then you can watch for that next swing opportunity and you can see how that played out. This is just a great trade. And for for many for many of you that might be uh more interested in looking at, you know, a couple hours worth of activity and being done with day trading, moving on to some other things. This is a a perfect example of getting your trade, finding your setup, and being potentially done with it for the day. Because there's many times where you might only get one or two moves for the day, and then like yesterday, it was just brutal chop. I mean, literally you move within on the S&P 10 points for for 4 hours. So, that can that can really be frustrating. So, that's a really key point, too, is the system is going to help pinpoint when you have a higher probability of these of these longer duration moves. And then you have an opportunity. I'm talking about intraday longer duration, whether that's, you know, 15 minutes, 30 minutes, an hour or two. So, this was 1 2 3 4 5 six. You know, you had six 15 minute candles there. We're talking about an hour and a half and basically you could be done for the day if you were prepared for that type of setup. Came again comes down into the slim ribbon. The the third band of the slim ribbon. You have multiple indicators at that time as we're pulling back. The reversal scout in the 8 minute still positive. The slim ribbon po still positive. The trader radar was just showing a gray uh mixed condition at that time. And then we fast forward and you can start to see how things turn back bullish here and you really get an opportunity. The trader radar went back bullish and then you get up into that resistance zone. And if you're a, you know, a minor swing trader, someone who's looking at only a half hour, 45 minutes of price action, then that move might be over for you as you get back into resistance and you call it a day. But so that's the beauty of the strategy review tool that we have here, our replay system. Let me know if you got any questions on that. You can put them into uh the Q&A here. All right. So that's that part of the day trader service that is available. Again, no special software you have to download. You just log into your day trader service account and you can access it. Access it. And then you have the slim uh the slims impulse monitor. So, we have, as I mentioned, there's 24 tickers you can track. And in addition to the impulse condition, there's also Slim's 8minute strategy, which is made up of of of uh three components. And I'll I'll jump back to the cockpit number one here in a second to help give you a visual around that. I mean, there's really there's only three outputs here. So, you have a you have a yellow neutral, then you have a red bearish, and then you have a green positive on the strategy. And what you're looking for is alignment or or new shifts. And what you don't want to be doing, generally speaking, is trading against the dominant condition. So if the impulse was say negative and you get a uh the 8-minute strategy is positive, well, that's a pretty strong conflict. So you you would either generally speaking you want to keep your position sizing smaller uh as an example or you're waiting for some kind of shifts in alignment because that's really where you get the largest thrust or impulse moves is when you have more dominant conditions and short-term conditions in alignment together. Uh that's that's where you get the highest probability of a new high a new swing high or if it was in a bearish scenario a new swing low. Otherwise, you you you'll tend to get a lot more uh chop and your move will get stopped somewhere between, let's say, the 50% and the 78.6. So, you might get up to the 50%, you might be excited that you caught the turn, but before you know it, you get up, get away from your desk, hits the 50% uh fib retracement, and you know, it's right back to where you were. Uh if you're if you're not a day trader and you haven't experienced what it's like, you really got to be ready. You got to have your plan in place. the markets move incredibly fast. Uh so if you're not prepared for that, it's a mindset that you also have to get ready for. But we have so many tools to try to help you get situated and learn uh about uh market movements when it comes to intraday trading and really being able to look at this from multiple styles which whether you're a scalper or a minor swing or more of a major swing. And so scalper obviously that's a few minutes might be in the S&Ps you're looking for one to five points as an example. Uh if you're a minor swing trader you might be looking for 15 minutes or 45 minutes in terms of the move. Uh and you might be looking for let's say somewhere between six and 15 16 points on a minor swing. And then if you're looking at the major move it might take you know 90 minutes to even 2 three hours. you might be looking for something like 16 to 40 points in the S&Ps. Uh, and you really can use our system as a proxy for other tickers as well because you want to know what the ocean's doing, right? If you think about it in terms of larger waves versus the fish, you have the indexes which serve as the ocean waves and then you get into your, you know, some of the fish are bigger than the other fish. But if you don't know where the ocean the ocean waves are, what direction they're moving, that's going to impact the even the smaller fish. So, it's just something that's very helpful with the way that our our system is set up. Always focused on uh the the indexes, whether it's cash indexes, futures, ETFs, so you get a feel for the where the bigger moves are happening and how that could impact the other symbols you might be looking at. As I said before, there's 24 tickers in here, and you can sort instantaneously an impulse condition. And I'll show you a couple examples of how I put this to put this into practice uh with uh with cockpit number two here in in just a second. Uh okay. So that's the impulse monitor. There's also this turbo on feature. So let's say that we have a let me see if there's anything else like right here. TLT right now is a negative impulse condition. But when there is an additional or new thrust of uh momentum or energy that comes into e a current negative condition as an example or positive condition, you'll see the turbo turn on. That means there's another opportunity for a move in that same direction. Uh so that's something to pay attention to. When that turns off, that can mean that that move that that burst is likely over. Sometimes you can have a lot of different bursts that are happening of of new moves within within a more dominant condition. So that's what that turbo means is that there must still there must be a dominant condition on first and then once the turbo kicks in that'll let you know that it's it's a pretty strong move. Uh or if you like Microsoft or TLT as an example, if it turns on again that means that you have another move that could be underway there. Now, those are going to be likely shorter duration moves, right? Because you get a big move that happens and if it turns off, then there's at some point, you know, if you think of like even Elliot wave theory or if you're thinking about cycle analysis, you have a rising phase and you get into a peaking phase and at some point, even if it's extended, you finally make a peak. So, it's it's very helpful to give some context uh to the move. Okay. Um, so this would be an example of where you have a dominant condition. Let's say Microsoft that's negative and then you have the the strategy which is neutral. And if this went back to negative, that could tell you that even we're in a more dominant overall negative condition and the shorter duration time frame flips back to negative that you could have another move to the downside. The impulse monitor and strategy condition should be used with and accompanied by your charts. So this isn't meant to be used in isolation. These are not meant to especially the impulse condition is not a reversal tool. It is what is the more dominant momentum trend condition that is underlying the intraday move. Okay, so that's impulse condition. You can sort again instantaneously and you can see right now there's only JP Morgan at the moment that has impulse on and we're going to tie this to uh a live chart here in just a second so we can take a look. All right, so let's get back to the day trader service dashboard and we'll talk about real quick the resources, webinars, and video trainings area. So there's a very very comprehensive and in-depth area for usability resources around the day trader service. There has been uh probably more than 20 hours of webinars and training videos that Slim and I have put together. So that whole list is in here. Uh and all of it's evergreen. There's nothing here if you went back and took the time and you know reviewed them. There's nothing I would say that is necessarily out of uh out of touch. You know, we have made, as Slim mentioned, many enhancements over the last couple of years and we continue to make those, but we're always building on sort of the foundation that we established. So, I'll go back over to the resource area. And then we have I have a lot of documentation on the spec specific studies, uh, the tools, and then also some practical strategy, tactical, uh, documentation. So this is like a trade planning checklist uh that I put together to help you think through um you know the aspects of your trade planning. You know at the end of the day we got to get to a place where there's a decision output. So are we do we have a trade? Is there p is it pending or is there's no trade. So you need to we want to get to a place where a methodology really can turn that technical evidence into clear trade planning decisions. That's where you want to get to is do I have a clear trade planning decisions? Does my methodology answer the key questions? So, these are just some examples of do I know what my outlook and holding period is? Do I know what my directional bias is right now? Uh, do I have a sense for the current price move path? Is it up or down? I mean, we have tools that can just give you a simple sense of a price move path. Is it up or down? And the price move maturity. Is the move early, developing, late, extended? You know, are we seeing momentum divergences or expansion? And then obviously and almost not I wouldn't say most importantly but pretty darn close is what's my what are my key levels. You know you really want to know where where those levels are. They're going to cause reactions in the market. Where is there opportunities for some thrust and acceleration? When you combine all of that with these other tools you really have a way to answer these these key questions around uh the building blocks uh in terms of trade versus no trade. So then you know breaking it out into more detail there's a section here this is a trade planning intraday trade planning checklist bias and context move dynamics execution risk management and you can you know download it and save that PDF. So, we've really put in a lot of effort to make this service extremely robust in terms of not only the tools that are offered, uh, but also the documentation. And it really is for and it can be someone who's new new, you know, new to day trading. But again, if you're going to get into day trading, you have to be ready to make a lot of decisions most likely, especially if the markets are moving quickly or at least be prepared or have your the decision- making process pretty ironed out. and the way that you know what's going to cause you to make decisions and and again if you can just step yourself through this checklist and if you can answer those questions what's going to cause or trigger you to make decisions around am I going to do a scalp am I going to do a minor swing trade am I going to do you know one that's major uh that's going to be very very helpful so that you're not trying to figure that out live uh in in the in the moment of creating all kinds of you know emotions in you uh you want to be you know very very focus focused. You know, it's not emotionless cuz you're human, but you want to be at a place where you're you're calm and confident in what you can do. We have no idea what the market's going to do next. Uh, you know, we can only have odds around that. Uh, but you can you can understand how you're going to approach your trade, your trade planning processing, your risk management. So, we have a ton of tools to help with that. Earlier on, I I showed you um cockpit oops uh number one, and that was part of the I'm going to just go back there right now. Cockpit number one is what we take screenshots of every day. Uh and that has the major the indexes, the cash indexes, and the major ETFs in there. And then we also have cockpit number two. So, I'm going to show you cockpit number uh two here in just a second. Just wanted to just pull this up again. So, this is cockpit number one where you have the impulse condition, the 8 minute and the 15-minute. And now I'm going to pull over cockpit number two, which is our futures cockpit. And this one is extremely helpful. They can be used, I use them in parallel. I'll have one screen up that has uh cockpit number one. Another one has cockpit number two. But you can if you if you have the service, you can go back and forth between on the zoom itself. On the zoom, there is a a menu where you can go between cockpit one and cockpit 2. You can just go between them. Uh we do have a what we call our day trader pro package which allows you actually to get direct access to these raw grids. It is a one-time licensing fee uh that you purchase and you'd be able to access these grids and you can actually put any symbol you want into the grids both cockpit one and cockpit 2 and I'm going to show an example of that in a second but yeah this is this is cockpit cockpit 2 15minute 8 minute 3 minute actually I'll put put ES because it's ES and and NQ in there and you you have so many tools on here to help with understanding ing uh directional bias, momentum and trend and current conditions. So something that is new that is just going to be released next week is some labeling and uh over here on the right hand side you'll see that there it says scalp minor and major. So really these are some of the evidence labeling uh that I've uh created some some studies around to help to give you at a at an instant moment's review what is the current condition based on the outlook period I'm most interested in and how does that compare to the other two larger and more dominant outlook periods. So let's say I was looking for a a scalp or a move in the in the very near term. what I want to do and I'm looking at NQ right now amongst you know the other tools which you want to learn how to read these these charts and they're very they're very uh purposefully designed here to give you a sense of you know is the are the bulls in control are the bears in control is my move to the upside is my move to the downside and I'll talk about that here in a second but I want to go over with these new labels here and you can see scalp right now is light pink so it goes from dark green to lighter green to neutral to light pink to dark to dark red, right? And so that that helps to tell you what is the the condition of the this is meant to help with position biasing. So the scalp S means short at the moment, but if you look at the minor, the minor is uh long and it's green. And then you have the major, which is neutral. So, what this tells me is we're likely in a chop condition. So, if you go over and you look, we actually have labeling that helps to pick out to pinpoint, are we in a condition right now where the price action is chopping or we breaking out. So, I have high low markers built into each one of these time frames. And you can see these are the 4hour high low markers that we're, you know, we're probably in the what 60 65% range about. But we're chopping around right now. Look how tight the the over the last 1 2 3 4 5 6 7. So 7* 8 is 56. Over the last hour, we've really chopped around. And so in the uh in the 8 minute time frame, I use the 1 hour and 2 hour ranges. And you can see right now we're basically some I would call 50% range. So you have a very choppy condition right now. So you have the scalp right now that is a short says that is a short uh in terms of your directional bias. You have the minor condition which is suggesting long. Then you have a major which is neutral. This is what I was talking about before that you just get yourself chopped up. So sometimes you have to wait for things to develop. Uh if you're going to participate and you're not going to take a break and stand aside a lot of times during the lunch hour it does get choppier. It does get slower. Yesterday was brutal and today is another one. I mean, this is threeminute candles and these are extremely tight uh right now. Uh and it might take, you know, a a good solid move to get this going again. But right now, if I'm looking at it, you know, either I'm going to step aside or I'm going to keep my position sizing small and I'm going to allow some room. So, if I keep my position sizing smaller, then I can have my uh my stops, right? my risk uh for me I would it can be more tolerable in terms of having wider stops given the fact that we're just dealing with extreme chop right now and I might look at some of these key swings because what you don't want to do is is be using the 3minut as your guide for setting your stops in in or 2 minute or 1 minute when you're dealing with ultra choppy conditions because you're just going to get stopped out like crazy and you're going to have a lot of commission charges if you trade futures, uh, or you're going to be in and out, in and out and just get frustrated. So, either look for those key swings. So, if you were looking at a a short right now, so let's just say, okay, we got bearish condition, we got bull, you know, neutral, neutral in terms of the directional condition, and I go over to my bi, my position bias is short, but I have a long reading in the minor. If I want to be short right now, then I'm going to have small position size. I'm going to have wide stop. But I don't like it right now. There's nothing here that's really great. This overall pattern now is more bullish than bearish. And so what what helps me see that on the overall um chart here is obviously you can see that we've made higher highs relative to lower lows. And also I have this this gold dash we call it line in the sand. So where's the bull bear conviction right now? Are we trading above or below it? So you can see we're above it in the 15minute. We're still above it in the 8 8 minute here and we're like just hugging it in the 3minut. So that gives you a sense of how choppy this market is right at the second. The SMI is falling. So falling falling and it is also falling in the 3 minutes. So, if you're looking for something to help you understand what is the move right at this second, the move right at the second, I like to use the SMI and it tells me that the move is down, it's falling. So, these are just tools to help again try to keep me out of trouble. So, I don't want to trade big when markets are the momentum and the trends are mixed. I don't want to trade big when I say big, I'm just talking about full-size positions. So when you think about your position sizing, you know, let's say that you're talk, you know, just easy round numbers, you might be looking at 10 contracts of something, okay? And you know, you do it in increments of or nine contracts or whatever. Increments of three, however you structure it for yourself. If you did three contracts, might be one, two, three, you know, uh one being your smallest size, two being your medium, and three being full or or something like that. when you have these kinds of conditions, then you want to manage that based on that. And so, right now, look, we've got this the the scalp I talked about earlier was negative. So, that's your what's the immediate condition. So, the scalp's going to tell you the immediate condition, which was negative. Then you have these larger ones are going to help you also. And now the minor one is shifted a little bit. And this is where once you decide on, okay, do am I going to put a trade on position sizing, right, is important. And then where's your target? So these are in combination with cockpit number one because even though these are futures, the cash index and the futures indexes, they work together interestingly on creating support and resistance where there are resistance levels in the cash indexes. That's why I call them invisible fences. They may appear in the cash indexes. Uh so in the futures when you have support or resistance it'll appear in the cash indexes you like why is it stuck here why is it not breaking out and many times it's because there's a resistance area in futures same with the cash indexes and the cash indexes really drive I think most of the res resistance and support levels and acceleration opportunities. Uh so I use them in combination and that's why we have both of those cockpits. And so on on these grids, you'll see different areas that can help depict support and resistance. So we have a linear regression channels. Those linear regression channels that uh definitely help with support and resistance. And right now we're stuck right in between a light pink resistance level and then a light green support. So at the moment, again, very choppy situation. Now I have the luxury of being able to draw a fib level in here and I can see what we have going on. You know we we got down I talked about that 50% before right. So it came close tested the 50% rallied again couldn't break out. Now I was just treading water in here chopping around. Then the next level is 29712. Now if I go up into the ES let's just see what that looks like where we are. So we got down a little deeper. got to the 61.8. So that next level if I was short, you know, uh I'm watching at 7160 and then also this area right here on the linear regression channel. So that's just how you would use these tools. And if you run through that checklist again, some of the key things that you can track relative strength, well, it's pretty clear on cockpit one how you can read relative strength. You can do that very quickly here. How do I do that? Well, you can go over to the the 15minute and you can compare. Okay, we got the NQ verse ES 2318G -3 -16. So, right now pretty close, but overall the the uh NQ is a little stronger than the ES. And then when I did that draw has gotten a little bit deeper on that pullback as well. So, that's a way to be able to track relative strength instantaneously. What's the raw number? Then I built out a power uh uh output here in terms of a label that lets you know there's several proprietary studies that put together to give us a a power reading. And this is a this one is very uh this is a reading of plus six. So, it goes between, you know, plus 100 and negative 100. And rarely does it really get above, you know, 7580. Uh that's very extreme uh extended condition. But right now, what would that mean? Well, we're tracking around that neutral zone area, you know, on the power. And you can see here, we're just chopping back and forth. We're even in inside of the the chop zone here on the 15minute. So, these are these are my 15 m minute minute measurements in terms of high low markers. So, a lot of great tools in here uh to help with looking at the key decisions or or key technical conditions that you're looking for. Relative strength, directional bias, position bias, what's the current move? Is it up or down? What's the maturity of the move? I also use the SMI to help with the maturity of the move in addition to key levels. Uh so when you have the SMI, you know, when we get up to the ex the um extended line here or the overbought. Now, sometimes you have an overbought condition like over here. I'll just expand this up a little bit if I can. Oh, I think that's as far as it goes. You can see that it it stay the duration over the overbought for a lot longer than just like a touch and break and then roll over and then go lower to to to test the other side. And uh in terms of getting, you know, to uh extend it on the downside, reaching the oversold level of of 75, it stayed up here on the 75 for a while, and that's usually a precursor to at least another retest of whatever that high was after the pullback occurred. So, we get a little pullback, you know, that happened and then you get another move higher and you can see that the trader radar gives you this yellow warning but then goes gray and then back to green and then we get a breakout uh that occurs here and then you get up and you test and there's a divergence that t I talked about that earlier as well. So, you can get you can see a momentum divergence that occurs where this time you make a new price high but the momentum is actually weaker than it was before. A lot of times when you have momentum divergences that will lead to a a sharper move to the uh the opposite direction. And so this time you know here we got a much uh more powerful move to the downside in terms of the magnitude of it in terms of uh the the price span. You know here this move was 29875 you know it's over 300 um 315 points over 300 points you know this move here as it pulled back was 650 to you got about 63 points so you got a pullback here at 63 points and then you get an actual divergence and you get over 300 point pullback in the NQ's and then you get a then you get a rally back. So, if you're not prepared for day trading, you you want to study, you know, it's a great way again that that uh that strategy review tool that we have because you want to prepare yourself for situations like this. We get a you know this sort of drawn out slow upward move overnight and then all of a sudden you 7:30 I think is when some is central central standard time economic news comes out. Boom. you move up about 350 points and then you give all of it back. Then you rally again another 350 points. Then you give back, you know, 61.8% of it. This is the kind of activity that if you're not just doing a trend, a straight trend for a day, which is more rare. Maybe you get one day out of a week or a couple a couple of these types of sessions throughout a month, maybe three, four. you're mostly dealing with a lot of of sharp moves and then consolidations and then potential sharp move and then consolidation. So you have to prepare yourself for that. On the 3minut again we have these new position bias labels very helpful to give you a sense of what's the condition in terms of if I was considering short verse long what does the sum of the evidence say. So we have these other ones that give you the individual condition for that particular outlook period. So this is 15 minute, 8 minute, three minute, but then over on the three minute because really the 3minut is going to help you with your your entry timing uh your exit timing because it it's going to be the most sensitive one for intraday swing. Now if you do 1 minute and 2 minute that's fine but this is set up to reduce some of that noise and you can see here that bouncing around right scalp is been more you know stable here on the on the short side but you got the minor that's been bouncing around between long and short and then the major is neutral. So right now there's not real great alignment happening. But if I look at the minor and again I look at the um the major the 15minute where are we relative to that that line in the sand. We could see this you know breakout above the slim ribbon here in the minor and really see the scalp turn positive. Get us get it to a L a green L or L+ condition that could give us another wave to the upside. If not, then well, you know, uh a potential retest of this low is in the cards. So again, this this is uh cockpit number two. Uh if if you wanted to be part of our Ask Slim Labs, that's a division that we we launched uh where you get direct access to some of our proprietary grids, you can purchase a pro package, which you would get this grid directly. And I bring that up right now because the last thing I'm going to show before we uh I finish up this session is I wanted to show you on the impulse monitor and run through a couple live symbols. So, if we have any audience members that are still here and they have any questions at all, feel free to throw them into the Q&A and I will take a look at your symbol live to just give it a a run through from an intraday swing perspective using cockpit number two here. But what I wanted to show is the impulse monitor and how you can use it in combination with your own charts. But I'm going to use our charts. So, okay. T uh Tamar asked for SOXL. So, I'll take a look at that in a in just a second, but I wanted to just show you real quick so you can sort on this and you can get to which of the symbols are showing a positive or negative impulse condition. So, we have SMH, Apple, JP Morgan. JP Morgan's been on there when I did the demo, you know, an hour ago when we were in the live the other uh standard session of of our event today. I'm going to take a look at let's take a look here at uh JP Morgan and then Tamron I'm going to go to your SO XL JP Morgan. So the impulse condition is showing positive and then we have the 8minut strategy which is neutral. So let's take a look at JP Morgan. left the S&P 500 up on top just to see if it's tracking uh more relatively uh you know stronger or weaker. And you can see here right away I'm going to go to I'm going to go to the middle. I'm going to go to the 8m minute. I'm going to look at my power meter and I'm going to look at the SMI and you can see the reading uh for the SMI is almost 75 and then for uh ES we're talking -20 and then the power meter is atgative8 and plus 45. So clearly JP Morgan stronger today. So that's interesting. So there's a lot of you always are trying to find either correlations or disconnects or relative strength or ultimately it's just cues clues that help to give you more confidence in your odds when you're building out your your your trading plan. And so anyways, you can see how JP Morgan here uh you had the reversal scout and the SMI. You got trader radar. When trader radar is shrinking in terms of the bar height here, that tells you that it's weakening. Okay? And then what you'll start to see trader radar flatten out. You'll see the SMI start to turn up. You'll see the reversal scout turn positive. And then you know that there might be a shift taking place. And you can see here, this is a beautiful um momentum divergence, a positive momentum divergence. You have a new low. Wow. Oh, this would have been a just a fantastic intraday trade. Uh today you make a new low this morning right away at 8:30. However, momentum makes a very very strong uh divergence here in terms of not making a new new low on the value of the momentum compared to price. And then JP Morgan really has a move higher. And the other thing that I added in here that's new are these arrows on the 3minut. Now, I spread out the the three minutes so you could see a longer duration of period of time, which shows a lot of different arrows. But when you're looking at how you should be, you know, just a shorter period of of time here. The arrows are great because they the algorithm is designed to show certain technical events, reversal, key reversal opport uh situations, continuation situations, breakouts through consolidations, and warnings when things could be shifting. And the color of the arrows tells you what the more dominant uh condition is under the underlying when the event occurs. So you can see this this shift here. Now if we go way back in time as the transition occurred, you're going to have the shifts occur in the 3minut. obviously the faster than in the 8m minute and the 15-minute because it's going to be most sensitive, but and you'll see the the scalp flip to positive very quickly relatively speaking compared to the minor or the major. But you can see here how we got the reversal scout turns and then you got an arrow. You had a couple different arrows to start to turn up. So there's a uh this with cyan or bluish aqua color which lets you know that this is a meaningful uh potential reversal color that that happened. And then you have a gray warning arrow. So it's telling you what direction the technical event is happening. Right? So if it's underneath here pointing up that's a a positive technical event. And then if it's obviously the other way it's a negative technical event. So you can see those back here when it was in the negative condition. Uh so this so we got a green arrow here. Another green arrow. So also as you start to really let this assimilate, soak this in, think this through in addition to how so how am I how do I want to use it? I want to use it as I'm thinking about my position bias. Right? So what are the color arrows and what is the direction of the arrows that are occurring more frequently? Well, clearly you started to get four you had four positive arrows. You had two here. You know, there was no more red arrows. You started to consolidate. Reversal scout turns up. I mean, if you're a scalper, these are incredibly powerful in combination with then understanding what is the conditions of the of the longer durations. And what I want to be doing then is waiting for the opportunity where you have a like right now, hey, you can you can anticipate all you want and that's completely fine. And some there's some cases where you don't you don't want to wait and you might anticipate and you you sort of get a get your feet wet into a position and you might do a quarter size if you if you really think that that's setting up. But in this case here, you got minor, which is positive, you got major, which is neutral. And if I was looking to try to align myself with, you know, another opportunity in JP Morgan, then I'd want to see the scalp turn up. But I also want to be more cautious as I'm thinking through the price maturity. You know, I talked about that before when it comes to that checklist that I had. When you look at this, right, technical evidence case. So think about your use case when you're building your your your trading plan because you want to get to that decision output. Do I got a trade? Is it pending? We got no trade. Well, what's the price move maturity? That is so important because right now if I'm using the SMI, very positive condition overall. However, I've used up a lot of energy. You know, there's a lot of energy that's been used up to get to this point in the JP Morgan's move. Now, that doesn't mean there can't be another opportunity to the upside, another move. But if it's me, this was the meat of the move. This is the one I was waiting for. And if I want to participate again, my position size is going to be smaller. I'm not going to be excited as I was before because now I'm dealing with an overbought condition that is very strong. Overbought doesn't tell me that, oh, I want to be short. Overbought tells me depending on the duration of the overbought period, I want to be aware that it's a very strong move, but I'm also likely not going to be participating in terms of sizing when something is as extended as it is. Doesn't mean I'm going to shy away from a long side in JP Morgan, but what I would be considering is my position sizing being smaller for, you know, for sure being more mindful of what I'm watching for my targets to be. Uh because there's, you know, we've already made a hu, you know, a large move, a huge move in JP Morgan. And so, how am I going to use the tool here? Well, you can see it's resting along this light green support off the linear regression channel. It's coming off of a a warning, two different color warnings. You got a gray warning of a potential reversal. You got the reversal scout that already gave us the warning up here. The SMI gave us a warning as well. So, you're getting into more of a chop scenario with some light bearishness connected to it. But if we get if we get a you know a positive arrow and if I was a scalper, then you could consider a move up back up in JP Morgan. I would like to see the ES also turn up. Right? So you get a little warning si signal here in ES. Uh plus you had the reversal scout turning up which is interesting. So you can see the that relative strength the ES actually is leading JP Morgan in this 3minut move which is really cool to see. So that that just is helpful. So, if I was looking at symbols that were correlated to the ES, this is when you see the ES starting to turn up, that's an opportunity. So, what I would be doing is going back to also then the slim slims impulse monitor and I would want to see uh what that looks like right now. I'm going to do that here in just a second. But I would want to watch for that scalp to turn back positive because that would that could tell me that we got the majors turning back positive. Maybe there's a new upside move and you're you're never you're never going to be right every time, right? And so if you expect to be perfect, you're going to be very frustrated as a trader. What you want to do, and you hear it all the time, but is and it's true. You want to manage your risk. And there's nothing more important than managing your risk. Having a plan around risk. That's the first and foremost. And then obviously a methodology that tells you I want to be long, I want to be short, here's my position sizing, here's my exit, target or stop. You know, if you simplify it into that, you're you're likely to do much better. You want to be able to determine for yourself when am I going to stand aside? How many times am I going to try to participate? And you get to a place where you say, "Okay, I'm going to give this five five tries, you know, two points in the the S&P 500 each time or some number, however you figure it out." And you can see the turn now. See how the scalp, the minor, and the major all went back to positive. We get the nice little breakout move. We had that warning from the ES that uh with two we had two upside um reversal arrows, warning reversal arrows. They're still gray, which means there's not the underlying conditions not really strong when these occurred, but they do warn you that the what is the technical occurrence that is happening. Is it to the upside or the downside? Is it bullish or bearish? These absolutely will help tell you that you can use them to support your decision- making. But we got a nice little move in in JPM right here. That's what the expectation would have been. Uh the odds would have favored this kind of move. And now does are you going to have the the tools give you the the perfect sort of setup every time? No. Are you going to have like look how fast it got up to the 15minute high and it immediately backs off? You know, this is what I was talking about earlier in terms of being a day trader. moves happen very fast and if you're if you're a scalper, you really need to be okay with getting in and out very quickly. If you're that minor swing trader, maybe you would have gotten out of, you know, a quarter or half of your position if you had gone long. And you can see here that the uh ES is trying to get up above this equilibrium line and the line in the sand and maybe it makes another move. And if it was to make another move, you know, what am I looking at? Well, if you have the Day Trader Pro package, you can draw your own fib lines because they don't appear automatically. And you can see here that right now we're tracking getting stuck in between, you know, the 38.2 and the 50 if we break out above there. There already was a a print at the 61.8. I won't be surprised to see a, you know, a pretty quick test to that 61.8 if it if it can hold and get a breakout going and then even maybe even getting close up to that 78.6. So, that's how you use this. It's it's instantaneously you can get a feel if I was to look at anything and I I wanted to learn and work off of okay what's your some of the evidence you know on this day trader uh tool it's looking at these three because they're going to put together some of the evidence for the scalp the minor and the major but if you can learn about how to interpret all of the information on here you're going to have a much broader edge to work with. You know, as you have a linear regression channel here, you have that line in the sand. And as you break through one resistance, it helps to know where the next resistance level is. And I look at it at multiple time frames. So for JP Morgan, if I'm a scalper or minor a minor intraday swing trader, here's my next uh resistance area. If I don't if I'm not drawing FIBs, I need to have some other way of doing it. So, I'm either looking at price fibs or I'm using my linear regression channels. In addition to that, I'm also using where are we relative to the SMI because there's a there's an eb and flow. There's almost a a cyclical nature to the SMI where you get up to these uh overbought, oversold levels and then there there obviously are automated systems that are selling as soon as you hit those and you can feel them and see them as they happen. So, you've got to be aware where the systems are going to be buying and selling. They're going to be based on certain fib levels. They're based on linear regression levels. They're based on Smi levels. So, what we're trying to do here is track where's the money flowing? Where are the where's the reaction points that are going to occur. I I'm I just, you know, as Slim said, you know, we've done so much work on this. Uh I would say it is the most comprehensive robust day trading intraday full scoped uh tool set of tools you're going to find anywhere and the amount of information that you're going to be able to learn uh is is probably unmatched uh when it comes to considering how you look at intraday swing trading. Right? That's what we think about here at Ask Slim are we want to find the the larger moves. Uh, you can use this for scalping for sure, but where are those larger opportunities that start to develop? All right, there's a couple questions here and uh, one came in from Danny. He's wondering if the the other the new installments will be an add-on cost or included. If you are a current day trader member, the new position bias labeling that's in the futures cockpit are going to be there starting on on Monday. Uh if you are one of the few people who get access to the day trader pro package that you can purchase separately where you get the the actual grids and the proprietary studies. You'd be able to use them. Now that is a separate purchase but you'll be able to use these for any symbol you want. So, if we want to look at Apple right now, if you have the Pro package, you'll be able to plug in any symbol you want and you'll be able to see how the position bias labels are. Look at how great these indic. So, you got these reversal warnings. You got your first reversal warning right here as we went from a negative condition, the slight pink. You had the reversal scout go positive. You have your first technical arrow, occurrence arrow, another one, another one. So, it's almost like you're think about adding them together, right? You go from this negative small um pink arrow to now you're starting to get a larger warning arrows, then you get a sign, this the blue arrow that lets you know a warning of a potential reversal. And you know, away we go. And all we had here are positive directed arrows all the way through on Apple. You look at the other, you know, the minor minor swing outlook period, reversal scout positive. I mean, it is extreme. There's nothing easy about trading. But when you've when we've put in the amount of engineering hours in the hundreds and hundreds of engineering hours to build these, you have you have a very powerful comprehensive set of tools that are, as I went over before, really designed to number one, keep you out of trouble. What does that mean? I do not want to be trading against positive trends and momentum. There's no reason that I'm going to look at this bar and these arrows and think it's time to go short. Now, once you get up here where we've already exerted in a lot of the energy for Apple, you know, if I'm a scalp or minor swing trader and I'm I'm looking at again, we I talk about in the number of minutes. Look, look how long this has been. This move here, you know, we're we're over an hour, hour and 15 minutes. So, if you're a a scalper, you know, you might have been out right here 15 minutes in, you know, we had a nice very nice move in Apple 15 minutes. Now, if I'm a minor swing trader, I might try to write out an hour. So, here's an hour, right? If I'm looking for the bigger move or if I'm going to scale out of my position, I might be tracking for an hour and a half. And we're starting to get close to that, you know, and and now I move over to the middle and we haven't ex exerted all the energy of this SMI yet. You can see when we get up to the top, right, it rolls over. We're right in the middle, but, you know, getting a little tired. And that's when I'm going to do my draws on the fibs and I'm going to say, uhoh, there's that 50%. Why do we want to know these things? Because this is where the systems, the systematic automated trading systems are are selling or buying, right? What I mean by that is that these are like the invisible fences, the programs. You've got to know where those are because there's going to be automatic selling that occurs. There's automatic selling that occurred, you know, and you can see this candle is more bearish than any of the other candles over the last, you know, a lot a lot of minutes and it's the bulls are still trying to hold over control here. Everything's still positive. However, you're starting to get a little bit of warning, right? You can see that the first warning here in the SMI is just, you know, this arrow letting you know, be careful. Uh, but as a scalper, this is where you're like, okay, I'm calling it this trade's over. you know, as an example, uh, you know, even if I'm a minor swing, this trade's over and I'm done. And I'm not if I'm not looking back, if it rallies up all the way to new highs, so be it. Because what you have to really always do is declare your style. And if you're if you're in a scalp, if you're in a minor position trade, when it shows you signs that it's over, it's over. If you're want to scale out more and you're like, "Hey, I think this could run to the end of the day." Okay, then you're talking about a major or larger position or uh outlook period and then you're looking at the other tools and you're saying, "Okay, yeah, it looks like there's some opportunity there." But you also don't want to let a a winner turn into a loser. So, if you're, you know, in back over here and you're up, let's say, you know, you're up a whole point in Apple or 75, right? 34 of a point. You've got to say to yourself, where do I call it a day on that? I'm not going to let a a onepoint trade turn into a a net one be become net net one negative. For me, that just makes absolutely no business sense at no time in any other kind of business scenario. Do you sell something to a customer, make a profit, and then say, you know what, I'm going to buy it back for a loss. So, that's how I like to think about that. You know, you really want to look at trading like a business model. You want to construct a business model that has a positive expectancy for yourself, not one that's going to generate the risk of of winners turning into losers. Now, I'm not talking about when you get in early in on a trade and it and it shows you a little loss that you you know, some sometimes you get right out depending on the scenario, but other times you let it play out a little bit, right? Especially let it play out if something is in a more uh stronger trend. Uh, so I'm not talking about if you bought here then you you know and it pulls back in in two three minute bars and you panic and you got to get out. That's not what I mean. What I mean is you've been in position for several minutes, could be tens of minutes, could be an hour and a half and you've got a good profit that's showing you you have to talk to yourself about or have a plan in place that what am I going to do if that position starts to go the other way? And I, you know, just as much as you do when you have a losing position, you have a winning position. You know, there's a there's the the old, you know, the wi the wise the wisdom nugget of let your winners run. Absolutely. But you've got to have actual business model logic to what does that mean? Because just when you're letting your winners run to where? At some point, your winners run to then they stop. And if you're a sculper, they turn into into, you know, small gains and then you're you're neutral or you're you don't have a gain and then you have a loss. So, when it comes to day trading, the idea of letting your winner run, we have tools to help you get a feel for that. Uh the impulse monitor, you know, looking at longer duration conditions, but then there comes a point where if I'm a scalper or minor swing trader, I'm going to have to deal with or even the major, I'm going to have to deal with what do I do with my winner? and knowing where those areas are uh are really important and where those levels are for yourself in terms of um the amounts. So, I I hope all of that is helpful uh in terms of just talking about practical application, talking about strategy when it comes to day trading. Again, we have a huge resource area that is available for those of you that are members. just a huge positive in terms of the depth of it, you know, spotting reversals. So, all the various aspects that you're interested in, you would have an opportunity with here. Okay. Well, that's everything I'm going to cover for today. Again, we have a special that is uh going on in this particular day trader service. and that day trader service. I'll just pull up where you can go on our site to wrap this up on askslim.com. You can go to day trader special buy two get one free and you'll be able to get two months buy two months of day trader get one free. It's only $89.90. And if you break that down over 20 or, you know, 22 sessions in a month, you, you know, for for a few bucks, two bucks a dayish, uh, some number like that, you you really have an opportunity to gain a lot more value than, you know, a buck or two a day when it comes to what it's going to cost uh, in terms of the day trader program that we offer. All right, everybody. Have a great weekend. I wish you all the best and and great trading.