Honestly, this situation makes me uneasy, especially with the potential depression, not just a recession. I'm not sure about my $130K investment strategy given the economic uncertainty.
I agree! That's why I work with one. My $520K portfolio is well-prepared for all market conditions, having grown 85% since early last year. My advisor and I are planning for this year too. In my opinion, financial advisors are among the most important professionals, just like doctors.
$557 = SPY, and the equivalent in ES is the Gamma Flip level, when we get a rally that would be a high targe. $548-$550 = SPY is the Gamma Support level.
Thank you for the video! Quick clarification, wasn’t that Merck the pharma company in the Factset report? You said it was Amerihealth, which is a health insurance company. Which one is it?
Thanks Matt, could we Inject some chat on the Trump Trade with USD this week ?. SP500 at support, NQ Double bottom, bring on the bull retrace, looking for 50% Ret of the entire swing down.
@thomasc2680 YOU nailed that IWM prediction from a couple weeks back! I promise to never doubt you again brother!!!👍🏻 I only wish I had brought enough plutonium for the DeLoren with the “flux-capacitor”, to go back and let us know! Still waiting on the back order from AMZN!😂
@iSPY_Lunar brother, I was waiting for that target when IWM was back in the 160s! It took forever…. Unfortunately I had a loose stop on QQQs that took a chunk of my profits. I do expect a rebound and break of ATH, but I have to wait for a signal on QQQ. I’ll try the HOLP strategy, maybe on shorter time frame like 2 or 4 hour. But I expect XLF to go straight up from here. That’s my next bet, to around $45
@iSPY_Lunar slight change of plans. I think XLF and IWM go down next week. QQQs go straight to ATH. Then it will reverse. Market won’t let the top be easy. Divergences will continue to make heads spin. Waiting for confirmation of this playing out on Monday. I’m looking for XLF 41.30 to 40, IWM 214 -207, QQQ ATH. What a wild ride… I could be 1 million percent wrong. Looking for confirmation early Monday. DIA should get beat up too, 380s to 370s. Rotation before collapse, market building liquidity.
Yes we are In a heavy buying area, but if it breaks the buyers have one more chance to take control, but we break that we are gonna be in a bear market, and I will start to look for a pullback before going lower. Gonna be a exciting week ahead, I was thinking the same thing but haven’t seen any mine else say this yet except you. Good video
🌿🌿When asked from the Buddha Why do people Blame me?? Buddha seh They will Blame who Talks too much, Talks Too Little and they will blame who is Silent. There is Noone in this World who is never Blamed. THEREFORE! Use The Criticism as Our Motivation!!!🌲🌲
@@TradeBrigade thank you! I was not sure because we did not break the neck line today. The overall trend points upward for sure but I was concerned about possible major downtrends this week.
I would watch to see if that rally/ possible breakout on F can continue,, it will show an aggressive rotation into them old school industrials and such..
IWM scares me this week. I know this was posted before the Biden drop.out news, but feel like the casual investors are gonna get scared with more uncertainty and just sell off early to mid week this upcoming week 7/22-7/24
@@RJTradess Utilities and consumer staples have PE around 25. Pricey. The cheap stocks are financials, energy, and cyclicals. They get creamed in a recession if there is one coming.
@@willaerley7140 there’s many more undervalued names like Intel, Nike, Starbucks, Tesla still down from ath. Plenty of names people just love to chase the runners
Thank you Mathew, as always, great stuff! While you lean bullish, not table pounding but positive, I'm interested in how the Biden drop from re-election and the subsequent pleas for him to leave office will affect the markets? Tho I share your bullish bent, I worry that there are a lot of things that could go sideways quickly...maybe in the charts, maybe not? Grateful Mathew!
@TB_Matt: Thanks for all the great content, education, and entertainment this week! As always, I appreciate. I’m going with “P” for patience on Monday morning, barring some giant gap in either direction pre-market! All 3 indices @ key levels, would suggest to wait and see…(curious to see if the buyers took a 5 day weekend, or left for Summer Break.) Plus, 🪄🎱 said “ask again later” like 3 times in a row, so it’s clearly not wanting to venture a prediction. 😂 Hope you got some boat time this weekend, cya bright & early Monday! 🚤💦
Patient 🐻 is not impressed by this sell off. Looks like Opex manipulation. I even have a couple NVDA calls as a blow off top seems likely to me. Wish me luck.
I think QQQ is finishing up the start of a rolling wave 4. Which means it will break the previous ATH, then break the low of this pullback. Then break the previous ATH again during its wave 5. Then, gtfo of QQQ for about a year. Or short it.
Meh… cmon bro… politics are important but not nearly as important as everything else - politics ride on top of the market, not the market on top of politics… if the market could go sideways forever, we wouldn’t even have a government
![How To Use Market Profile [START NOW] | Trading Tutorials](http://i.ytimg.com/vi/bpravMgflLc/mqdefault.jpg)
![How To Use Market Profile [START NOW] | Trading Tutorials](/img/tr.png)
Honestly, this situation makes me uneasy, especially with the potential depression, not just a recession. I'm not sure about my $130K investment strategy given the economic uncertainty.
If you're not familiar with market investing tactics, you should get advice from a financial counselor.
I agree! That's why I work with one. My $520K portfolio is well-prepared for all market conditions, having grown 85% since early last year. My advisor and I are planning for this year too. In my opinion, financial advisors are among the most important professionals, just like doctors.
I think could really use the expertise of an advisor like that.
Her name is BONITA JEANETTE RODRIGUEZ. Just look her up
Thanks for sharing. I searched for her name and found her website. I reviewed her credentials and did my research before contacting her. Thanks again.
$557 = SPY, and the equivalent in ES is the Gamma Flip level, when we get a rally that would be a high targe.
$548-$550 = SPY is the Gamma Support level.
Great info! Thanks for sharing with us here. Personally I'm not as in tune with the gamma indications.
Thanks Matt. Back from vacation, back in the saddle and excited to be back in the office this week. See ya in the morning.
Yes, I did learn something. The market can go up or down.
……….. OR SIDE WAY ……😂😂😂😂😂😂😂😂😂😂😂
Key insight for sure!
Thank you for the video! Quick clarification, wasn’t that Merck the pharma company in the Factset report? You said it was Amerihealth, which is a health insurance company. Which one is it?
Its certainly Merck! I could have mis spoke
weird question but, what software do you use to make lines. (i like to journal my pics like you.!)
Love to see it! Catch ya tomorrow AM
What’s that indicator you are using in the flex grid. Is it the ATR??
Which one? There are lots of indicators on the internals dashboard. All of them are listed here: tradebrigade.co/trading-scripts
Thanks Matt, could we Inject some chat on the Trump Trade with USD this week ?. SP500 at support, NQ Double bottom, bring on the bull retrace, looking for 50% Ret of the entire swing down.
Matt, what do i need to do to not get my comments and questions deleted? Im a novice but I really appreciate your videos and I have honest questions.
No one deletes your comments. What was your question or concern?
Matt, shoulda listened to ya buddy, I went too bullish too soon on QQQ. I have to slowly nurse myself back to health now.
@thomasc2680 YOU nailed that IWM prediction from a couple weeks back! I promise to never doubt you again brother!!!👍🏻 I only wish I had brought enough plutonium for the DeLoren with the “flux-capacitor”, to go back and let us know! Still waiting on the back order from AMZN!😂
We'll make it out the other side! The market is starting to change character though, so we'll see...
@iSPY_Lunar brother, I was waiting for that target when IWM was back in the 160s! It took forever…. Unfortunately I had a loose stop on QQQs that took a chunk of my profits. I do expect a rebound and break of ATH, but I have to wait for a signal on QQQ. I’ll try the HOLP strategy, maybe on shorter time frame like 2 or 4 hour. But I expect XLF to go straight up from here. That’s my next bet, to around $45
Same man, everyone got crushed Friday tho so don't be too hard on yourself
@iSPY_Lunar slight change of plans. I think XLF and IWM go down next week. QQQs go straight to ATH. Then it will reverse. Market won’t let the top be easy. Divergences will continue to make heads spin. Waiting for confirmation of this playing out on Monday. I’m looking for XLF 41.30 to 40, IWM 214 -207, QQQ ATH. What a wild ride… I could be 1 million percent wrong. Looking for confirmation early Monday. DIA should get beat up too, 380s to 370s. Rotation before collapse, market building liquidity.
Can we add SMCI to the core list? It has very interesting price action
Really range bound and options are spready! Was decent when it was trending more cleanly for sure!
Thanks Matt. Might check out the CVNA trade idea. Hope the market can ho0d up, or better this week.
We'll see if it plays!
Yes we are In a heavy buying area, but if it breaks the buyers have one more chance to take control, but we break that we are gonna be in a bear market, and I will start to look for a pullback before going lower. Gonna be a exciting week ahead, I was thinking the same thing but haven’t seen any mine else say this yet except you. Good video
Matt I love your analysis, I look forward to all your videos. We love you and we are all in this together. Good luck to all. Thank you for all you do.
Cheers Arturo! thanks for taking the time to leave some positive feedback.
Thanks a lot Matt. I am learning a lot from you. I am able to trade with much more confidence on momentum moves since I joined your channel.
Love to hear it! Thanks for checking out the weekend video
Thanks Matt. Great weekly insights. 👍
Cheers!
Awesome analysis imo the best weekly recap on the web 👍appreciate all your work ❤fantastic stuff crush it this week Matt 💪
Thanks Sam! Hope you have a great week
There's no tutorial in the top right hand corner.
Missed the attachments this go around. Check out the channel for them.
Should be easily searchable.
Thanks for the video, and I'm really enjoying the Sunday newsletters
Really appreciate the feedback Cory!! Thanks for takign the time
Thanks so much Matt. it's very appreciated your clearly analysis for the market
Appreciate that Yuan!
Link to study tutorial not there 😢
Which one are you looking for
As Always, Thanks for putting the Video out. See you Monday am Prep.
B-Dog! In the house! Fibster!
mahalo Matt! see you tomorrow in the PM prep show!
Catch ya bright and early!
Thanks Matt, always enjoy your analysis
Thanks for stopping by Kyle! See ya on Monday.
I love this analysis, SMC works
Cheers!
🌿🌿When asked from the Buddha Why do people Blame me?? Buddha seh They will Blame who Talks too much, Talks Too Little and they will blame who is Silent. There is Noone in this World who is never Blamed. THEREFORE! Use The Criticism as Our Motivation!!!🌲🌲
Great analysis. Thanks for this
You bet! Hope you have a great week
Thanks, Bro. Always great episode. Love to see it
Much love Cake! Thanks for coming out to the show
thank you Matt, great Analysis.
Cheers Jose! Thanks for checking out the show.
Gold will hopefully edge up on Monday opening, then make a possible consolidation on that level. Fingers crossed.
Metal bull!
@@TradeBrigade thank you! I was not sure because we did not break the neck line today. The overall trend points upward for sure but I was concerned about possible major downtrends this week.
I would watch to see if that rally/ possible breakout on F can continue,, it will show an aggressive rotation into them old school industrials and such..
Old school. Now we're talking! Energy stocks like CVX XOM get lumped in?!
gap down monday pal. I got spx 5500 short, massive risk
We'll see bud!
Uh oh… shits about to get real out here
@@poloska9471 few
IWM scares me this week. I know this was posted before the Biden drop.out news, but feel like the casual investors are gonna get scared with more uncertainty and just sell off early to mid week this upcoming week 7/22-7/24
The weekly bearish volume was less than the last pull back that lead to this rally.
So we need more volume on bearish side to spot a reversal?
Interesting, are you using the enhanced volume study on ToS or the actual delta?
Stocks are overpriced. that's the main issue. I won't long term hold until we drop to a normal level of P/E.
Agreed! Apple better come out with something special to justify a 35 PE.
You men chip stocks? Lots of stocks aren’t at or near ATH
@@RJTradess Utilities and consumer staples have PE around 25. Pricey. The cheap stocks are financials, energy, and cyclicals. They get creamed in a recession if there is one coming.
@@willaerley7140 there’s many more undervalued names like Intel, Nike, Starbucks, Tesla still down from ath. Plenty of names people just love to chase the runners
Thank you Mathew, as always, great stuff! While you lean bullish, not table pounding but positive, I'm interested in how the Biden drop from re-election and the subsequent pleas for him to leave office will affect the markets? Tho I share your bullish bent, I worry that there are a lot of things that could go sideways quickly...maybe in the charts, maybe not? Grateful Mathew!
Totally agree that markets HATE uncertainty, of which we have quite a bit right now. Good to see you as always Bill. Hope your trading is going well!
@TB_Matt: Thanks for all the great content, education, and entertainment this week! As always, I appreciate. I’m going with “P” for patience on Monday morning, barring some giant gap in either direction pre-market! All 3 indices @ key levels, would suggest to wait and see…(curious to see if the buyers took a 5 day weekend, or left for Summer Break.)
Plus, 🪄🎱 said “ask again later” like 3 times in a row, so it’s clearly not wanting to venture a prediction. 😂 Hope you got some boat time this weekend, cya bright & early Monday! 🚤💦
Yes to early early morning!
Friday bright and early!
As long they mega 7 sandbag they guidance and gaslight share holders it can be easy picking.
Bag and tag em!
@@TradeBrigade lol haha
Well we know since the outage scam on Friday someone already making off with dough. Crowdstrike was public fall guy for planned event.
Who could it be!?
@@TradeBrigadeBlock Croc
Gawk Loch
Smock Squawk
The world may never know
Thanks for the video Matt! 👍
You bet! thanks for the commen
Thank you chief.
No problem boss.
Patient 🐻 is not impressed by this sell off. Looks like Opex manipulation. I even have a couple NVDA calls as a blow off top seems likely to me. Wish me luck.
dude i have an older call expires 9/2… my hope is TSLA surprises.
i do have a NFLX put that i thought hit aftermarket, in the end… meh.
Great analysis as always! I always enjoy your show and learn something new💯🔥🐐
Thanks for coming out to the show CI!
Thank you.
You bet Emerald Nutmeg!
Thanks Mattster🚀🚀🚀🚀🚀🚀🚀🚀🚀
You bet Betz!
THE MEAT N POTATOES 🥔😂😂😂😂 im so ready TSLA set up looks beyond juicy and the chain is decent for a play both ways
Well done or rare? Choose wisely!
I can’t remember a last time I cared so little how low or high it goes… that troubles me a bit
Yikes!
Thanks Matt!
You bet BMW! Thanks for coming out to the show. Hope you have a killer week ahead.
Good Stuff!
Cheers! Thanks for coming out to the show
be patience and ride the wave.
Right on.
Generally the consensus for longer term investing.
I like to smack it long on the open so I switched patience for sleeping in while listening to Matt’s soothing morning voice
Earnings will pump it end of next week
We'll see... so far, looking more like a lot of expectations might mean anything less than a knock out will disappoint and lead to downside.
@@TradeBrigade if they do have good earnings though I feel like that would be so hilarious and disappointing at the same time 🤣
“Back to the moon again 🙄”… what a hilarious problem to have in a market
Shorts about to get roasted one last time
comment finna age bad buddy
I think QQQ is finishing up the start of a rolling wave 4. Which means it will break the previous ATH, then break the low of this pullback. Then break the previous ATH again during its wave 5. Then, gtfo of QQQ for about a year. Or short it.
It's broken the bull trend. Be stupid bullish only if there's reason to be.
@@thomasc2680this is my plan
We'll see if that plays!
💩Its gunna crash like a MoFo....☠️
“PonziZombieKiller” 🧐
Oh! It’s Ponzi! Hi 👋 I hope you’re having a great weekend buddy
Spoken like the tru Ponzi!
📝✅
Thanks for checking out the show Gerald!
You da man Matt!
Cheers Pete! Thanks for coming out to the show
The most classic name there ever was
Based on all the bullish Divergences on the 1hr on the Q's if you are shorting gtfo for a little bit lol
We'll see!
@TradeBrigade Lol the bounce already played out
👍🏾
Cheers!
DADDY
Grab me a beer will you?
Ummm..
SHORT THE HOLE !!!
trust me
The sky if falling!
Source: Trust me bro.
What is even more hysterical are the 3 other recent comments on the channel saying “buy the dip!” and “the market will rocket to __” 🤣
Oh man I just can’t get enough of this god forsaken social media app
Biden dropped out, gapping up monday
I dont think the market will care much.
Lvl's and technical charts mean nothing now its all about trumps ego his whims nothing else matters
lol maga
@@JonnyBetz maga (made america go away)
Why do you not want what is best for America?
Okay, so disable your trading account until November if thats how you feel about the market.
Meh… cmon bro… politics are important but not nearly as important as everything else - politics ride on top of the market, not the market on top of politics… if the market could go sideways forever, we wouldn’t even have a government
Thank you Matt
My pleasure Pouya!
Thanks Matt!!
You got it!
Cheers Joe! thanks for checking out the show