Well well, well, or, should i say, ow ow, the market is a bloodbath. It is painful to all my masochist friends out there. It seems as if the stock market crash is back on and back on with a bit of style. It also seems, as if chairman powell of the fed maybe lost a little bit of his swag or a little bit of his style, a little bit of his influence, because in a mere 24 hours we went from beautiful, green pops to pretty dismal red sell-offs.

So in this video i want to touch on two key things. I want to be going over what, in the world's happening with the market and i'll, be looking at the levels that i think are of importance. Remember not a financial advisor, and i also want to let you know about market-wide circuit breaker halts when they occur and what happens to them just in case this thing gets a little bit out of hand now before we hop into that help me out by hitting That, like button, don't forget to join up with the moon gang behind the subscribe button with that other way, let's get into it. Well, here's a graphical depiction of the dumpster fibers situation that you're, probably questioning what in the hell, is going on the s.

P. 500 down 3.5 percent, the q is down 5, the russell 2000, the small cap sector down four percent brutal brutal brutal, it's a sea of red. If you want more, i mean right here. Let me give that a quick reload.

This is enough red to make a grown man cry. This is brutal and you might be wondering well what happened from yesterday to today. Why did we have this beautiful pop and then all of a sudden it got sold off? In my humble opinion, people really just started to realize: hang on the fed clearly had a little bit of intraday influence and was telling us hey everything's under control, everyone we're not behind the curve. Remember we have credibility.

Everyone trusts us we're totally going to do this. Soft landing no way we're not going to do the 75 bips rate increase. We have it under control with the balance sheet normalization runoff everything is a-okay. Well, that was enough for about a two-hour time period, and then people started to sleep on it, starting to scratch.

Their heads and started to really realize whoa whoa whoa. Where have we heard this before oh yeah, both the u.s government and the u.s federal reserve have time and again told us they have things under control and they're, pretty much o for infinity on that type of a prediction. So i think overnight people realize nah they they probably don't have this under control the odds of a soft landing, not the best. They are still extremely hawkish, which is not a good environment for equities to continue to grow to the upside.

What they have to do to battle this serious inflation, the side effects of that not good for equities and as you're about to see not good for crypto crypto, also, a sea of red, brutal, brutal brutal. Almost all of these are at a double-digit sell-off. This is obviously a very real thing: that's going to be impacting your portfolios and i'm of the mindset that you can make money. I don't think this is really necessary to call for doom and gloom or any of that, because you can make money on the upside or the downside.

So, if you're of the mindset that the fed does not have this under control - and obviously let me know your opinions on that in a comment below here's, what i'm looking for the downside looks like once again, we bounce off of 410 and some change, which we've Seen support there support it's a key level. I will closely be watching that and if that does not hold, then i'm watching the area between 404 and 405. If that doesn't hold i'm watching 400 flat. That's what i'll be watching for the remainder of this week and next week, basically mid-may.

These are my watch levels, but this is a pretty stark turnaround. So i do want to talk about what happens in the event of if things get really really wild, but before we get there just in terms of technicals. I really want to call this out and i'm not saying that we're going to get there tomorrow. But if things start to sell, do not forget that there is a gap side downfield to 3 38 25, which we saw in november of 2020.

Hey keep on your charts, because, given enough time, i do think that that gap will be filled. Do i think it's going to be filled in the near term, not necessarily, but i just wanted to call that out to you now. Let me switch this over. Let's talk about market-wide circuit, breaker halts.

This all relates to the s p 500, also known as the spx - and this is like i said, a market wide circuit, breaker hall. There are three levels levels, one and two is a seven and a thirteen percent drop respectively. These can occur between 9 30 a.m. All the way to 3 25 p.m.

Why not? The last 35 minutes, i don't know, i'm sure i could find it with a google search. I just didn't think of it before i started filming this, so i have no clue why it only goes up to 3. 25 p.m. Well, anyway, if any of those are triggered, if either of those are triggered, it's a 15 minute halt.

Now the big daddy of them all level. Three is if you drop 20 percent spx from the previous days close to where you are now. That is actually a halt of the market for the remainder of the entire day doesn't matter when it happens so level, one two and three fifteen minute: fifteen minute full day and it's 7 13 and a 20 drop in the s. P.

500. I'm not saying that's going to be happening anytime soon, but it might be good to commit those levels to memory just in case there is insanity in the near term. That's what i have for you in this video catch in the next one.