What's going on my fellow degenerate? Traders Hope you're having an amazing day and I hope you made buttloads of money in this particular update video I Want to be talking about what's going on in the overall Market But more specifically I Want to dive into what I personally saw going on in the market and how I use that to make $4,000 in one trading day I'm talking about I opened and closed the position all today to pocket a nice 4K So I Want to be breaking that down all for you now very quickly before we get into all that if you enjoy these type of daily updates not only for the market but also my personal trading. Journey Don't forget to hit the like button, don't forget to subscribe. With that being said, let's rock. By the time the closing bell went dingy ding ding ding today Monday November 6th things were looking good which is a nice continuation to the upside: NASDAQ closes higher Monday Tonight's longest winning streak since January If we take a look at the overall, Market The Spy was up 23% the cues were up 41 Bitcoin sitting aead hair just below 35k and Eth Ethereum sitting just below 19,00 I Know it didn't feel like the biggest, best bullish day, but when you consider this recovery until the end of the day in both spy and QQQ things across the board were in in general in the green.

Now not every sector had an amazing day. Most of the board was green, but if you break down the S&P 500, you're going to look at a little bit of weakness over here in energy. that was as Rick selli would say the flying the ointment but across the board it was another. Green Day If you take a quick peek at the daily chart of the Spy you'll notice that even though today was a green day maybe not as big, not as gigantic as a leap for it as we saw last week.

but yes, overall we did close higher than the close out last week, so the Bulls I would argue. still have the slight Edge Obviously this is also true for the Q's a little bit more prominent here I want to talk about what I saw going on this morning and I even covered this on the stream I do stream every sing single day from 9 to 11: and just kind of share my thoughts on the market cover some breaking news but I really want to get into what I saw and then also how that drove me to make certain trades. so coming back to a little bit more of the 15minute chart I saw a lot of chop if I'm being honest I saw chop sideways, chop sideways and then I have some various indicators that I use that tell me most likely not the biggest range day and that isn't the most wild call out because if you look at the cues, if you look at the Spy it's already been ripping so maybe maybe the engine is running out a little bit of gas because of that idea. And because of that thesis, I decided to throw on these trades right here which I called out to the gooni community.

It was a call Credit spread on the Spy 437 by 438 and also on the Q's 370 by 371. Another way to say this is basically I was betting that the Spy would end the day below 437, which it did I was also betting that the Q's would end the day below 370 obviously what they did. and for those of you who are a little bit more sticklers of, hey, prove it to me that you actually did it. It's easy to say whatever you want and I get it.

there's a lot of furus in the world of retail trading. Here is actual proof of my own Weeble account today. Locked In 4.26k And For those of you who just want the time and sales and everything that I did, you can look at this image right here here: I'll make it big just so you can see the time and all the positions I got into. Obviously I played with a bit more size, but this was roughly a 40K account that I added 10% today and obviously as you can tell, I executed it all through Weeble which happens to be the sponsor of today's video.

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If any of this sounds interesting to you, show Weeble A Little Bit of Love by clicking the link below and thank you for supporting the channel. As we move forward through the remainder of the week, there are a couple things I'm going to be paying attention to. First of all, we're still in earning season. For the remainder of the week we have Uber we have Celsius we have Data Dog we have Rivan Devon Upstart Oxy wish we have ROBLOX AMC Disney Twilio affirm we have Under Armour Later on in the week, we play such as Plug.

So yes, even though the big big names have already reported, we are still technically an earning season, so I'm fully paying attention to that to make the volatility even more fun. On top of earnings, we still have a handful of major macro economic events. You can check it out here in the newsletter I push out on the weekend Maor Locals.com also in there if you signed up. That will get you connection to the Goon trading.

Discord where I call out all my trades. So if you want to know what I'm doing and how to do a credit spread and what I'm seeing in the market, join up with the Discord and I'm more than happy to explain to you what I'm seeing in the market. I'm not saying that I'm always right, but I am more than willing to at least share what I know and how I view the market but obviously remember I'm not CLA voen I don't have a Chris of ball Anyway, back to locals which is once again, how you can sign up with the Discord Anyway, right here in the newsletter. This comes out every weekend I Give you an idea of the breakdown of the previous week What? I'm looking forward to the upcoming week all the major macroeconomic events later on this week.

Pow will be speaking two times: Wednesday November 8th and then once again on Thursday you have that November 9th. I give you all the earnings and also seasonality. So today, from a seasonal perspective is a very bullish day. and technically since today was the Green Day the seasonality actually ended up being correct.

not to the degree that a lot of people expected. but this day the Bulls have won this 75% of the time over the past 25 years. Pretty crazy. For the remainder of the week, the Bulls are still in control Tuesday it's leaning bullish Wednesday leaning bullish Thursday bit bearish and then on Friday neutral.

but recently it had a nice push to the upside. From a technical price action standpoint, what I'm looking for is pretty simple. if the Spy gets above and closes above 436 I'm watching 438. On top of that, we have the low 440s.

maybe 442 if the market cannot hold these levels breaks down below 433, there's a gap side to 431. And if things get dramatically bad which I don't think they will, there's another downside. Gap Fi to 42350 I Want to let you know that first of all, predictions are Nifty everyone has one, but in reality you make money by reacting to price action. My base case is sideways chop.

We had a nice expansion. To the downside, we had a nice expansion to the Upside Markets expand, then they contract, then they expand, then they contract. Obviously, this has been a pretty beautiful expansion. down and then up.

So I'm of the opinion that it's time for a little bit of sideways chop. And on top of that, even even though we have earnings in macroeconomic events, I'm not really sure if there's a major Market Catalyst that will continue things to explode to the upside or completely drop to the downside. So I think it's one of those points that we could have a bit of a breather, but obviously that's just my two cents with respect to the tech sector. AKA The Q's I'm looking for maybe a test of this Upside trend line which we've had ever since.

Really? July of this year that's a little bit higher up around 370 371. If there's really some bullishness still left in the tank, I'd be watching 374. but obviously if 367 can't hold I Just want to let you know that there is a downside gaple to 36368. So this is all kind of short-term stuff.

I'm looking for the breakouts. the breakdowns: supports to be held, resistances to be rejected or broken out, or those supports actually also be broken down. but I like to react to price like I said. it's okay to have a prediction and maybe your thesis is going to be a right one, but the way that I find that I actually make money is just letting me the price tell me what's going.

Are we breaking out? okay? If so, let's play it that way. Are we breaking down? Okay, If so, I'll play it that way. So I think sometimes, especially within the retail. Community There's a lot of over complications of like this that the other thing I think sometimes.

keep it simple. Keep it simple. Stupid. that type of a Vibe the The Kiss methodology I have found makes me the most money in the market.

Maybe you agree with that, Maybe you don't but that's just really. At least what's been working for me recently. So I just wanted to share it because I think it might be useful for someone to be a little bit more open and honest of their winning trades. their losing trades as I showed you today I Don't know what's going to come in the future.

Maybe it's going to be a slw of losses and obviously that could be embarrassing, but who knows. Maybe I'm on to something and maybe this simple methodology is really all you need for the market. Whatever it is. I will continue to share my own trading Journey with you whether it's good, bad in the middle.

I Find that transparency is tends to be the best methodology. That's what I have for you now. I Hope you enjoyed the video if you want to stick around for this crazy journey. I hope I've earned your subscription I'll catch you in the next video.

Peace Out.