all right folks welcome back this is going to be a short little video on the s p 500 june contract 2022 this is our daily chart and before i get into it just let me remind you that i do not use whatsapp i'm not going to be in the comments section asking you to reach out to me okay hit me up uh let's talk none of that stuff that's all scammers so i'm never going to ask you for money i'm not going to direct message you i'm not going to direct message you on twitter okay
all those people are just trying to scam you try to pretend to be me i'm not asking for your money you're here to eat off my table for free and i'm happy to do it so just know that those accounts are not me please report them and ignore them all right so the s p 500 daily chart we're going to look at this day here and before we get into it i'm going to bring your attention to the 16th of may on that low this morning on twitter i was not able to participate in the
early session movement on the stock indices because i've been trying to do things to share with the audience that has been mainly following me because of forex i noticed a lot of you are starting to evaluate and complain that you want to see 4x and i understand that but even my paid membership group they have seen very little in terms of forex too and i'm pushing this asset class because this is where the volatility is price is price it doesn't make a difference when forex starts moving around big again trust me index futures will get
you know slower and quiet in comparison to forex trust me when i tell you the currency markets will eventually within the next 12 months or so probably start having some pretty wild movement but until then we have to look for volatility where we can find it right now is in the stock index market so if you're a hardliner if you're a purist and you don't want to see these types of moves in this type of market i understand but learn from it because it works the same way in forex just know that okay so i
mentioned on twitter that i was in the dollar cad this morning i went along on that one on its impact news at 8 30 and it was a snooze fest it took forever just to move a little bit obviously i shared that on the twitter feed so you can again go and look at that so i mentioned i was going to grab a bite to eat have some lunch and then i would look to see if there's anything for the stock in the sea market and i participated in this move i'm going to show you
today here and i hinted at where the market was likely to go to and let me state this going forward because i had perry mason over there on twitter reach out to me saying that the bar has been lowered for calling out trades i don't call out trades i don't i'm not going to put you in a trade i'm not going to give you an entry a stop a target i'm not going to do that i don't spoon feed i don't do that with my paid group what i do is i point to where the
market's going to go i've already taught you how to get in i've already taught you where to put a stop loss i've already taught you how to put your limit orders in i taught you all that now the problem is you don't have the experience of knowing where it's going to likely go next so this morning what i did was i drew everyone's attention to the low on the 16th of may 2022 now if the market is above and let's go into a lower timeframe chart okay and if we're in the market and we're up
here and i'm suggesting to everyone think about this low over here on the 16th what do you think i'm drawing your attention to while we're up here and i'm drawing your attention to this specific area the lows of may 16 2022. do you think i'm referring to it as it should not come back down here no everyone should understand my style is we're aiming for liquidity so if it's up here and i'm pointing down here and taking your attention down there i'm acting like a scout you're the sniper in training whether you realize or not
okay so i'm trying to point you to where you should be aiming and you have to do the work of scoping it up pulling the trigger and dealing with all that okay so there's no shortcut to this there's not going to be an ict on twitter or on youtube that sits down in front of you and says okay everybody are you ready we're all going to buy right now we're all going to put our stop-loss at the same place we're all going to put our exit or the same place and we're all going to ride
these things and this is going to be happy and that's it i'm not gonna do that i never promised to do that i'm not gonna do a period in a story no way this is how i train my students it works folks it does not work for lazy people okay i understand that some of you just want to be handheld but that's not gonna happen with me i don't do it i didn't do it when people paid me and i'm not gonna do it for free either so you don't need me to hold your hand
if i point to where i think the market's gonna go it's your job to study and look for the opportunity the fair value gap is what you're gonna be utilizing okay some of you are fixated on only looking for the setup at the opening well what happens if you don't get a trade at the opening can't you use a fair bag you have to get involved with the move if it's going to go down to something like this yes that's what i did today so let me add the annotations in the form of showing you
the executions so you can see i'm not sure why this thing is not popping up stay on there there you go all right so here's where i entered i did four contracts at four thousand seven and three quarters aiming for the sixteenths low i didn't have a whole lot of time to be babysitting this thing and late afternoon this could have easily whipped up did some kind of a retracement if i didn't kind of stop loss trail down and then even move lower so just to make it easy short and sweet to the point your
attention was drawn to the 16th the low on the 16th of may let's go into a 15 minute time frame all right so you can see up close candle what do you think that is right before we start to go to lower it's a bearish order block draw that out in time it hits that order block on this candle here dropping into a five-minute chart what is this doesn't look like a fair guy yet until you zoom in huh so right in here it's hitting it overshoots it granted but it's a lot of volatility right
now this candle is high your stop would be above there hold on to the position until it starts to break lower if you want to fine tune it this is the one i shared on twitter in the recording so what i saw was this fairway gap here it hit it created what what is this what's this pattern here what's these three candles here it's a swing high so as soon as this candle closed here i'm gonna go right here at this candle and just get in and go short trusting the fact that we've already had
a fair value gap we already went through it we have it swing high and it's bearish i'm looking for what what am i looking for i'm looking for a run below this old low which is may 16 2022 is low so entering here and i'm writing it out with a stop here everything is reduced in terms of risk as soon as we started to break lower here and started moving my favor aggressively i moved my stop only because the volatility is so high right now i just don't want to see it come back and knock
me out that's not fear that's just sound money management i'm not trying to take a losing trade so here is the entry again it delivers on the downside i took my first partial here one off here and in the limit order you watch that fill on the little recording the vignette that i shared on twitter ultimately we started going a little bit sideways going into the beginning of lunch in new york here's your typical lunch time consolidation and then what's this stops ahead of lunch very valuable it's almost like uh it knows what it wants
to do huh breaks lower consolidation again trades lower consolidation bumps to stops here what's this oh this ict just makes it so complicated hits it sells off sell side here consolidates one more time and trades and meets the low of the day i think when this one huh closed candle though at 39 10 not bad so that is what i did today i did not participate in the afternoon session post new york lunch this is all i had to share today right there there there and there okay that's gonna be it for today hope you
enjoyed this and found it insightful until i'll talk to you tomorrow be safe
