What's going on moon gang, i hope that you had a fantastic weekend and i hope you're ready for what's most likely going to shape up to be an insane week in the market ahead. I am fully expecting massive volatility. Massive swings to the upside the downside forwards backwards. I think we're about to see it all, because we have a lot of reports coming out this week.

That will be better telling us what's going on in the macroeconomic backdrop, so in this video i'll be calling those out and then i also want to do a little bit of a technical breakdown. So you know what levels i'm gon na personally be targeting, but before we get into that, if you haven't already don't forget to join up with the moon game by hitting that subscribe button. And if you want to help out with the algorithm, it would be awesome if you could destroy that like button with all that out of the way, let's hop right into it, alrighty. So if you managed to stay away from the market on friday, probably good - i hope you enjoyed it.

I hope you got some vitamin d and you probably missed quite a bit of pain. It was misery, it was a bloodbath. The overall market, the s p, 500, dropped 2.9, the tech heavy nasdaq dropped 3.5. The small cap dropped 2.7.

It was a bad day and unfortunately, from a technical perspective, we were range bound in all of these pretty much and, as you can see, they all broke to the downside. Now this negative movement, this bearish movement, had to do with the consumer price index. One of the most popular inflationary gauges - inflation rose 8.6 in may the highest since 1981, so this came out at the tail end of last week and they were expecting a high number. They were expecting 8.3 and it came even hotter at eight point six percent.

Now this is going to be one of the most common tools and gauges used by the fed, and this is probably saying hey what you're doing is not enough, and you got ta battle inflation even more viciously than you already have been as in why we saw The market go down, is all these market participants saw this number come out and they said uh-oh. The fed has to be even more hawkish, because what they're doing thus far we're not seeing the positive effects of it so market going down because most likely, the fed's gon na have to get a little bit more hawkish, they're already pretty hawkish, i mean we know They did a 0.5 rate increase most recently at the fomc meeting, and we're going to be talking about that in a second, but on top of it they're also in quantitative tightening starting on june 1st they're. Instead of buying buying buying now they're selling selling selling 87.5 billion a month and then in september, they're going to double that up to 95 billion. So, at the tail end of last week, while we saw everything just getting hit, it's all, because inflation is too hot and now everyone's assuming that the fed is going to have to be even more aggressive in their approach and a side effect of that is basically Hawkish in this scenario, you can in your mind, associate that with bearishness other things that you should be paying attention to before we get into like all the reports coming out this week.

Look how much the dollar is ripping um. This is gon na have an inverse relationship with the s p 500, so the dollar ripped to 104. People are calling for 105 if it breaks above 105 good chance that the market continues to go down. So you could track this with dixie dx whites, the us dollar, compared to a whole nother bucket of currencies, fiat currencies in the world and then also pay attention to oil oil.

Hey just think of it. As basically is this. A lot of businesses need it and, as it's becoming more costly per barrel of oil right now, we're sending out 121 that just it's cutting into the profit margins and it increased their cost of operating a business. So we have the dollar ripping up.

We have oil ripping up, we have yields going up and that leads us to the scenario of equities and crypto going down down down. So that's kind of the play out of why we had a bloodbath. There was one that escaped it and that's rdbx. We will be talking about that that ripped 40, currently at 1320 i'll be talking about it, but for this upcoming week here's what you need to know so! Last week we got the cpi.

Well, now this week on right here june 14th on tuesday we're going to get the ppi the producer price index, another inflationary gauge of, what's going on the other one's for consumers, this one's for producers that will be coming out an hour before the market opens on Tuesday, also starting on tuesday, is the next fomc meeting. This is when jerome powell and the rest of the committee decide: what are they going to do with interest rates most likely it's going to be another 50 bips increase 0.5 percent. That's what we got last time and the time before that was 0.25, so that'll be starting tuesday, but we get the results at 2 p.m. On wednesday and then powell will have a conference at 2 30 on wednesday, so tuesday we get ppi and then the start of fomc and then on wednesday.

The fomc ends. We get the results at two, they start speaking at 2, 30, but then also on wednesday. We get retail sales, so we're gon na find out. Okay, we know what's going on with inflation, but our retail are they buying more? Are they buying less? So that's also, i believe, coming out on wednesday and then we're not even done there because friday is quadruple.

Witching so friday, right here june 17th, we will be going through, what's referred to as quadruple witching. I do have a video explaining this in more detail, but for those of you who want to know what it is, there are four major types of contracts. Two in the world of options and two in the world of futures and it's all the rollover period. So, basically all these contracts.

They are it's a mega expiration date, which just means you're going to see the flow of big money. They either they need to decide what to do. Are they going to roll to the next contract? Are they going to lock into the gain? Are they going to lock in a loss? Basically, with so many different things expiring billions trillions of dollars worth of contracts, big decisions have to be made and it's not really associated with being bullish or bearish. It's just associated with high volatility, so throughout this week there's actually even more things going on, but these are the major ones that i want you guys to know about, because tuesday, wednesday, friday, all things going down that can prompt huge, huge volatility.

So when you hear things like this, if you're an active trader, maybe that's the time to scale down your bet sizes a little bit, because the whiplash is going to be a very, very real thing in terms of the overall market. Obviously it got its teeth kicked in here are the levels i'm watching when i see things this bad and i do believe we're kind of in a bear trend, lower highs, lower lows, i'm still thinking when it's this extreme. In three days, we managed to drop 5.8 percent. I really like the math behind mean reversion, as in in the short term, i would like a little bit of a reversion of reversion bounce to the upside, and maybe a target would actually be literally.

The gap filled. The low from thursday, which would be at 401, 44., so that's my target in the short term to the upside down side, we're right at support, and i would also be watching next support at 387. So whatever happens i'll just play whatever the continuation in the trend is when we get it at market open, and you could generically apply these to some of your other major indices as well, the qs or the russell, the specialty one. I want to talk about right.

Here is rdbx. Before i get into this conversation, i want you to know, i don't have any position in rdbx. I've never had a position in rdbx and at this point i'm late to the party. This rocket ship has left and congratulations to all of you who caught it.

I might be able to play it back on the downside when there's finally some weakness but we're not seeing any weakness yet and the reason why i think this really is shorts. Getting in trouble as well look at the underlying data short interest: 227 percent cost borrow 832 utilization 100 shares on loan of 3.3 million, but remember that means like right here: the amount of shares in existence 2x that is bet against the stock right now i get It with rehypothecation of how it's like mathematically possible, but conceptually. How is this a thing and then the cherry on top here is it's on the threshold list, which means there's a large and continued spike in the ftds, fails to deliver, as in in the market, plumbing. Something is happening in the back end that should not be happening.

Someone either doesn't have the cash or someone else doesn't have the shares. Remember all naked shorts are an ftd, but not all ftds are naked shorts. So i just want to clarify that. But overall this thing it's exploding, i mean the market got destroyed and yet this thing ripped 39 in one day and ever since this recent gully on may 13th rdbx is up 445.

I know there are some people who are like it's a distraction. It's a distraction. I don't care it's money. How is making money a distraction? I want to remind everyone, though, do not be greedy.

If you hold this for too long, you will end up being a bag holder. The way i think you should play this out is not having a price target. You follow the trend as long as the trend is intact, you stay in it. If you think the trend is done, you'll lock in your gains and if you want you could play it because i would bet any amount of money wherever this goes, it will not stay there.

I want to repeat that, wherever this explodes to it's not staying at that value, it's going to go up and come back down, probably even more viciously than it went up so remember, bulls and bears are going to eat, but hogs are going to get slaughtered. I beg of you: do not be a bag holder. Obviously i'm not a financial advisor, but i think there's a lot of people who need to hear that message that this is going to viciously go up and it's been viciously going up. I have no idea what the target's going to be, that might be the high or maybe it's going to keep going, but eventually it's going to stop and it's going to come back down.

So i think the optimal way to do this as in getting the most money is no price targets, ride the trend until it's over and if you want to play the downside, hey, i hope you crush it uh, i'm personally. At this point i miss the upside. So it's fun to watch. I want to see how it plays out and when i finally see some weakness, i might end up playing it back down because i think there's going to be a lot of money to be made on both sides of our dbx.

But if you're currently in it right now seriously a massive congratulations to you, because these are some mega games, that's what i have for you be prepared, because it's going to be a crazy week and thanks for watching the video i'll catch you in the next one.