This is the market week stock market brief for Thursday, May 21st, 2026. Yes,
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it's Thursday. I do this on Thursdays on the weeks that I'm going to be off on Friday. And that's this week. I think
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you'll love what I have to show you today.
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This is a special segment because I'm going to give you a lesson on cycle analysis as I look at Bitcoin (BTC.X). So, I'm
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going to do both. I'm going to teach you how I start out the analysis and then I'm going to show you multiple time
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frame analysis looking at what is a positive setup pretty soon and then a
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more dangerous setup later. And I say that it looks very dangerous to me. So,
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it's in line with what I said at the beginning of the year. And I'll show you my comments from the beginning of the year and show you how that sets up. So,
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we're going to start out by looking at a weekly chart in Bitcoin. I often start out uh doing my cycle analysis on the
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weekly chart. Um it's generally the more dominant time frame that I look at when
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I do my analysis and I bring in monthly more when I'm doing analysis for our
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investor hub or investor section. Uh and uh monthlys is what Katie does a lot on
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uh for investor hub also. She brings in very important cycle analysis also. So
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if you don't understand our investor hub, you can write to team at askslim.com or you can write to katie
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asks.com and uh you'll be able to get more information. So let's look now how
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I start. First thing we're looking at on this chart are well there's two lines
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and you see one of them is the reversal scout. Now the reversal scout is an
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assim level four indicator and this is a momentum indicator and it's very valuable for cycle analysis because it
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gives you a good sense of when the turns are happening or when certain conditions exist uh on uh a specific symbol. So
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what I this is where I start out basically it's a blank canvas. This is where I start the drawing. Now cycle
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analysis is an observational type of analysis. very flexible. You look at uh
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repeating time frames and there's variance in time frames. You look at important levels, but it's it's not
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specific levels, it's level ranges. And the important thing is understanding the shapes of what you're looking at and the
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uh how it acts around specific key levels. So that's what I'm going to look for as we build into this. So, the first
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thing I'm going to look for is the repeated timing that I'm looking for.
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So, you see these blue arrows that popped into here, and these are where I see significant lows. That's the key
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where you start out is you're looking for the troughs because cycle analysis
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is looking at wavelengths or waves from
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low to low. That's where it's measured. And so I'm looking for levels that, you
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know, that for uh time frames that show me that there's some repeating distances
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like the distance between that low and that low are pretty similar. You see that coming out here. This one looks a
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little long to me, but that's where the low is and this is a little shorter. And then this one is kind of in line right
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there. So I see that and there's probably another low coming out over here somewhere. So that's what I'm
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looking at. So now what I want to do is I want to evaluate, you know, from this visual of the
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identification of the lows that have similar time frames between them. And now what I'm going to do is pull up a
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cycle bracket tool. This is a drawing tool. Uh and uh what I've done in here
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now is I've uh brought that in and I'm going to layer that in for you right
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here. And you see that. So now what I've done is I've used the cycle analysis tool and I can highlight this and it'll
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tell me well that's 15 bars. 15 bars is the distance on average from these
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troughs or lows that I'm looking at in here. And you can see there's a reasonable rhythm that is in here
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that makes some sense. and I'll take you through more analysis uh as we step
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through more layers that we put onto this canvas that we're looking at. So, it's really an art form. We're really
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getting a sense for uh the repeating patterns, the repeating time frames, the
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key levels, and use that for projections, especially using multiple
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time frames because there's so much information that comes. Let's go here to the next layer and I'm going to put in
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what are known as Hurst envelopes. Now most of you who do cycle analysis and
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follow our work, you don't use the envelopes and the the reason is is
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because I converted that when I was starting to do this analysis. I read the book that JM Hurst uh published uh right
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around the very late60s or 1970. I read that book in 1975. So here we are 51
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years later that I've been doing this work. Actually the first workshop I ever gave on it was in San Francisco in 1978.
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Uh so uh that's how long uh I've been teaching this uh uh approach to
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analysis. Now I changed this as I said because these charts get messy when you
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start enveloping and the same you can get the same message by only using the
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top line. I call that cycle lines. So, I'm going to show you what it looks like so you get a visual here. There's a lot
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of lines on there. And when I switch to the way we do the cycle lines, you could see it it it makes the chart less
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cluttered, but the same information is really there. I also put in these timing
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lines that you could see right over here, which are essentially pointing to the lows, the real lows. The cycles here
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that we're looking at are uh giving you the average lengths of the cycle. And
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this is how they really came out. And there's a normal variance in cycles. You
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could see some of them are really hitting the cycles very well and some of them are taking the variance where the
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lows comes. Generally, it's about inside of three bars either direction. That's
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not important. What's important is that you get the visual energetic movements that you see in here. For example, when
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this one in here was coming down, you can see it had a very early reversal right in there. And the momentum in here
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never turned down. So, it showed you a ton of strength right in there. That's an example using the momentum
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conditions. Also, and I'll talk more about this, you can see the value in the
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reversal scout because it tells you really when these cycles are moving into
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rising phases. Uh this is the bottoming phase, the rising phase, the peaking
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phase, and the declining phase. That's how we look at this. And when a uh uh
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when something goes up for a long period of time, it only has a little time to
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move down. You can see that when something goes up for a shorter period of time then it has a longer time to
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move down. That's some of the basics and what we call uh the configurations or
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the translation. So this is another layer where it's showing you supports
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resistances and the important aspect of translations. So you see this right-hand
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translation that means that the peak came on the right side of the cycle that only leaves a little time to decline. In
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this case it was a lefthand translation because it rallied made a double top then broke the key low and that said
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well it's going to fall for all this period of time. You can see that really extremely valuable when the bottom
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formed in here from the reversal scout. See the top right in here, the bottom right in here, confirming the next
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rising phase. We would have thought it would hit resistance right over here and then turn down. The probabilities are
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high that these resistance levels would hold it. But once it gets through the repair level, it tells us the
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translation is improving and we can look for more bullish conditions. In this
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case, this cycle completed. You went into the next cycle, made much higher highs. That's the important information
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you see right over here where this rally or this rising phase was very
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diminished. There was a downside pressure that you could see was coming that occurred right in here that
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actually was coming from the monthly chart and I'll show you that. And then it got up here right below the
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resistance failed broke key support there the cycle low and then pardon me
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continued weak down in here. So now you could see the cycle we're in is rising and rising for a long period of time. So
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I'm going to use that information and what I'm going to do is I'm going to move to my regular chart in here on the
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weekly chart and show you that and you can see how I
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use this information to project. So this is the uh regular daily uh weekly chart
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that our members get right here. And you can see in here that well I'm projecting to the downside right over here. Well,
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why is that? Well, we have right over here a long rally and a corrective
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period right in here that is due. You can see that the support right over here
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is similar to where it got down there. So, right now top of that support is around 76,900.
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The bottom of that support is around 70,900. So somewhere in here it's likely to pull
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back. You can see in here that the cycle patterns are very clear. The rising
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phases, the peaking phases, the declining phases. Here you can see a
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double top occurred in the breakdown. All that valuable information. And you can also see that the uh area in here
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that we're looking for a pullback goes out to sometime late June or early July.
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Where do I get that information? Well, if I go to the daily chart, and that's right over here, I can see the same
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cyclical patterns. They give me information. And I'm looking here on the daily chart. And this daily chart says
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to me, see this 78.6% warning level and the cycle low right over here at 75130.
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This is a warning that this is getting downside pressure. The reversal scout over here is turning over and that's
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showing me downside pressure. And if it breaks under here under that 75130,
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that will confirm this cycle has peaked and that will mean that it's likely to
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decline out over here into this late June or early July period. So I have
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this synchronization of the weekly and daily out here in this late June early
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July period. That's why I have this pointing over here on the weekly chart
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over to this late June or early July period. So, this is the beginning of the multiple time frame analysis. How I use
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this, of course, we're looking at momentum conditions. We're looking at cycle formations. We're looking at
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support resistance and how it acts during those periods and using the information from the weekly and daily
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chart with each other. So now what I'm going to do is bring in something else and we're going to look at the monthly
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condition. So you see this decline right over here that came very was very sharp from 127,000 down over here to 59,000
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and change. That was a big decline. Now that you would think if there was a lot of downside pressure like that there was
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a force working on it. One more thing I want to say before I go. One of the lessons about cycle analysis and what
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you can learn in the cycle analysis workshop in this show in a few minutes I'll show you how to get a special on
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that is that cycles work together. In other words, the more powerful momentum
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influences the the the weaker momentum. In this case, there was a powerful downside momentum. Once this low came
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and the rally phase come, you see that you got this upward move, but that made
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a flag. Why did it make a flag? Because the rising phase couldn't not move up
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sharply because of the downside force that existed in here. Let's look at that
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downside force. Here's that monthly chart right over here that you can see. And this is the same time frame with
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that downside force right over there. This brought you into January, February
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into that decline right there. And now if you look at the cycle analysis here on this chart, you can see there are
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harmonic families, the dominant and the minor cycle in here that make up 1/3 of
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the dominant cycle. And you can see how well that aligns. And that's where this
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trough was due, that bottom right over there. So what did I say at the end of the year? This is what was in the year-
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end uh uh analysis right there. Uh 2026 ideal cycle phasing the configuration is
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positive. So in other words, this low right over here was above this low, but
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it had broken the 78.6%. So that was kind of a warning to me that says the
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next rally is probably not going to get through support. And what I said said is that there's likely a defi de declining
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phase into January or maybe into the April weekly, but we know the January
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made the low. Rising phase follows into Q2 or Q3. That's on this monthly chart.
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And here it is right over here, just as we we said rising phase. So we're now
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here in Q2 right now. And Q3 would take it up over here. Now, this is giving you
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an upward force right over here. But you could see the momentum still very negative. And the likelihood that it
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gets into the resistance zones over here and then fails. So for now, this is a
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rally phase, an upward rising phase that you see right over there. But the major cycle alignments call for a big bare
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market into 2027. And that's why I've had a sense and I've talked about this
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decline right over here which is the 4-year cycle or the having cycle in here
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which has been very consistent. You can see in here where the having cycle came in and over here where the having cycle
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came in. All of those of course are uh the time period when uh miners get paid
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half as much. And uh this is very likely to bring a very severe decline. And I'm
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projecting best case down to where this low was about 49,000 into 2027. And of course it could be
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lower. Right now, we're looking at this rising phase being influenced by this
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negative momentum on the monthly chart suggesting upside rallies will fail.
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That's why it's important to use this information as you move into the weekly chart. So,
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let's extrapolate what we have here. the expectation that the market will rally
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in this rising phase on the monthly into Q2 or Q3 with negative momentum and not
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even being able to get to the resistance level. That's my first layer. Looking at
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that, the next layer is the multiple time frame analysis. As I look at the weekly, the weekly reality right over
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here and this rising phase is giving me a positive confirmation. In other words,
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this shape is saying to me it's very likely when this cycle ends, it's going to make the bottom in here and it's
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going to begin to move up again and test these highs or get above that high. So,
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that's my projection right there that somewhere in here into late June, let's just say,
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will finish this correction. And by the way, I'm looking for a stock market decline into the same time frame, late
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June. And it makes sense there would be alignments with that. So this period
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right over here into late June that you can see. And then again what I'm looking at is hit coming up to resistance not
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being able to get through there right now. And that's being affected by the
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negative momentum that we see here on the monthly and it not even being able to get to resistance there. So you have
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resistance from the monthly playing on the weekly. It shows you this here. It's, you know, gotten up into the
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resistance, but still not anywhere near that last cycle peak. Likely to come
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down over here and move up. And what is the timing for that? Well, I go over to the daily chart. And this daily chart
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tells me this timing over here somewhere around late June is likely where this
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weekly low is likely to form. And then we get into the next rising period. So
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if I extrapolate from that, this is likely to see something like the pattern that you see here. And then when that
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corrective period is over, these rising phases here in late June or July begin
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to join up with the next rising phase here in the weekly moving up, which will
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be fighting the negative conditions that we see here in the monthly.
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That just tells you that the rally in Bitcoin is very likely to have a hard time moving up. There's probably more
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near-term rally to come. But then when that's over and you get over here later
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into this year and into the next year, there's very likely to be a very
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significant period of decline. Excuse me. That's why I say positive now
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likely to make upside ground. dangerous later. That is the cycle
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analysis lesson on Bitcoin and my multiple time frame analysis. Positive
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now, danger later. Love to hear your comments on what you learned.
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All right, analysis on the stock market. But first, this is the cycle analysis workshop
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special. This is just amazing. Throughout the show, I'm going to be teaching cycle analysis and uh this
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workshop expands on it so much. There are many videos in here. Not only the
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workshop videos, but uh the videos that are from our tools for tech section. Uh
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just uh so many of them. Uh core modules, 19 of them, addendums, we've
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added more than 20 hours of instructions. Um, you would pay thousands for this kind of uh workshop
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or education from other sites if you could get it on cycle analysis workshop.
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But we're giving you this special now uh $400 off $897
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for an amazing amount of information and study that you'll be able to do on cycle
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analysis. the way that uh all of our uh analysts on this team uh approach uh
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market analysis. Uh there's so much that you will learn and you'll never look at
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charts the same way. This took me two years to write and more than 6 months to
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produce and you will just be astounded at the value in that. Uh you can uh go
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to the ask them top of the site, see where it says save $400 on the cycle analysis workshop. You can click on
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that. It'll give you more information. And if you're a level two, uh, three or four member, uh, you can get an extra
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$100 off. All you have to do is write to matt ask them.com. Tell them who you are
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and that you want the cycle analysis workshop. Save $500. That's for members
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level two, three, and four. If you're not an ASL member, join us and then get
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that special extra $100 discount.
22:13
All right, market week brief. Thursday, May 21st, 2026. This is at
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around noon Eastern time. Well, for the week, the stock index are just churning as investors digest a lot of news. Worsh
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takes over as the Fed chair and uh we have FOMC minutes that were quite
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hawkish and the market says there's a at least a 50% probability of a right rate
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hike coming. It was just some weeks ago we were talking about rate cuts and
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Worsh does walk into a buzzaw right now of rising interest rates worldwide, high
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inflation, strong earnings that we're seeing and of course fighting against
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all of that is President Trump who wants to see lower interest rates. Well, uh,
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Worsh's path to lower interest rates may be something that is troubling for the
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president and may take a lot of work before we see him able to get there.
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Bond market weakness does weigh on risk assets. We've seen several waves of selling in uh gold and other metals and
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uh that has been uh a maybe a feature this week while the stock market hasn't
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done all that much, but the bond market certainly has. 30-year at the highest rate since 2007.
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Wow. You put together all the things that are going on right now with that high interest rate, it's got to be
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meaningful. Iran, deal or no deal? Well, more rumors were floated and stocks
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liked it on Wednesday and they had a big upside move of course as they were also
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anticipating the earnings coming out for Nvidia (NVDA). That was a big beat but the
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stock falls. It's typical for Nvidia that you know investors would get ahead of it and they they'd buy the news and
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then uh when the news came out there was nobody left to buy. So there's a reaction after that and then of course
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there's the question of capital expenditures on AI and will they able to get a return on their investment. Well,
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Nvidia is a big winner and those companies that provide chips and structures, they're the ones that are
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the ones that are benefiting the most. Of course, when you look at the users, uh, and you look at, you know, like
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Meta (META), Meta stock has really taken a hit and, uh, the the question is how much do
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they have to spend, how much more do they have to spend and all of these, uh, projections of, uh, how many hundreds of
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billions of dollars and trillions of dollars over the next few years, I have a feeling that's not going to come to
24:54
fruition. At some point, these companies are burning through their cash flows,
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and they haven't had to borrow a ton of money yet for this, but for the uh
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amount of projection that we see for capital expenditures and AI out there, it means they're going to have to borrow
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a lot of money. And of course, there's problems out there with how they're going to borrow money. Rates are higher.
25:16
Private uh uh companies that loan money to these companies are in a lot of trouble. So, you have to wonder about
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that. First four days of the week here on Thursday, major indexes narrowly
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mixed. They have hardly moved. They were down, they bounced up, and now they're
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pulling back a little bit as we speak. Let's get into the stock market
25:40
analysis. We're going to look at spy cycle analysis projections. I'm going to break it down for you and uh then we'll
25:47
look at the market condition monitor, our fabulous app uh that really helps you uh understand the conditions in
25:54
multiple time frames just depending on what uh time frames you look at, what style of trader you are. There's
26:00
something there for all styles. So, I'll show you that. So, let's take a look now as we switch over. Well, I'll show you
26:07
the MCM in a couple minutes. Let's switch over to the charts right over there. And this is SPY weekly on the
26:13
left. spy daily on the right. And let's uh blow this up right over here. So, the
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first thing we're going to look at right over here is the weekly chart. Now, there's a lot of lines on here. And some
26:27
people write to me and say that, well, they can't even make out the charts because there's so much on here. But if
26:32
you become well attuned to the work that we do, you will understand
26:37
what I'm presenting here. Uh I want to make sure that you know a lot of people watch just this clip or they scroll
26:44
forward to get to the stock market analysis do uh watch the special uh
26:50
piece that I did on Bitcoin uh because that teaches cycle analysis there and I
26:55
think that's very important and also the cycle analysis workshop piece that I
27:00
showed. Put that all together and uh you have a great opportunity. Also, I'm going to only show you SPY right now.
27:07
So, you can watch everything that we do on the futures and indexes, the full index analysis on uh the uh S&P, NASDAQ,
27:16
NDX, RU, plus bonds, metals, cryptos, foods, uh currencies, all of that uh
27:22
very available to you in future speak on Wednesday. Avi does an absolutely
27:28
masterful job looking at all all of those four members, level two, three, and four. All right, let's get into this
27:35
analysis. Enough of the sales pitch. Here's what we have here. We're looking at on the bottom cycle brackets which
27:41
tell us the money flows, timing, the important structures that we're going to look for and the messaging from the way
27:48
these charts form, how they act around specific support resistance. And we use
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uh uh we get help from our reversal scout that you see right over here on the weekly chart. This blue line, the
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34We moving average, which often the cyclical patterns move down to to or up
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towards. You could see in here where this upturn came right over here. That was where these troughs all bottomed
28:11
right thereafter. Uh not quite a 10% corrective period in here. I was
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projecting that the market would not make it to a new high because this cycle
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right in here made a lower low. That lowers the probability uh probably makes
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it about uh 70% probability it would not make a new high. 30% that it would.
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Well, you can see the 30% played out. And you can see as this reversal scalp
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turned up and the magnitude of the upside advance really accelerated once you got past this all-time high there,
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the breakout, it really moved up and now into these areas of this 100% monthly
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fib extension and some other fib extensions right over here. So that's 75
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uh4 up here somewhere around there which is a possibility. This uh monthly right
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over there is at around 747 where it got just slightly through but has been pulling back. So where are we
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right now? Well, we are in this rising phase on three different cycles that you
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can see going up. That gives you that strong upward push right there. And then
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you have the um likelihood that uh this is a broadening pattern that is going to
29:30
call for some kind of a peak made in here and then a corrective force. So,
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uh, in the beginning of the year when I had done my analysis, I talked about a period into March that would likely be
29:42
moving down, a period into June that would likely be moving down, and then another one over here into August that
29:49
would likely be moving to the downside. We see that right now as the market is
29:55
stalling, but we don't see any downside here yet as uh that is the likelihood
30:01
that I was looking at. So that's why I have this slight downside vector right over there pointing to some likelihood
30:08
that the market would be moving to the downside. Now let's talk more about this
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analysis because it's really important. This decline right over here. I'm not
30:20
looking for a huge pullback. It's getting late in this pattern over here. And when I show you the daily charts,
30:27
you'll see how that sets up. This pattern right over here is strong and
30:33
it's getting late in this minor cycle as you can see. So that only leaves a little time for pulling back and this
30:40
does point out into this June time frame for a pullback. The next important thing
30:46
uh to look at is uh this right over here. The we're coming up to a rare
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historic period in modern history. There's only two parallels and that is number one midterm
30:59
elections which almost always bring some significant downside action. I think
31:06
there's one time in midterm elections in the last 10 when the market actually survived that and a new Fed share. So we
31:14
have those two things together at the same time. That is significant. When did
31:20
that happen? Well, 1970, um, Mczznney was and he he was, uh, the Fed chair and
31:26
he handed it off to to Arthur Burns. That was the time when we saw the 1970
31:32
bare market. 1978 was another time when we had that
31:38
parallel. In other words, both the midterm elections and the uh, new Fed share. And that year was the crash of
31:45
78. That was actually my very first massively profitable trading year uh for
31:52
when the uh crash of 78 came. So that was uh a very good year for me
31:59
because the market moved and you could see these parallels in here. Now when you look at that, I'm just going to move
32:04
it out of the way. When I did my year uh and review, I talked about this decline
32:10
in June. And the way this really lines up is that at some point after June, it will try to rally again. It will peak
32:17
somewhere in here and then you get some kind of downside action in here. That could be a pretty serious correction
32:24
into that August to September period. So that's the way that aligns. And of
32:30
course with what we just said about the historic movements uh in uh the these
32:37
years and that parallel I think that's a very important thing to be considering.
32:42
So that is the um historic setup that we see right now and the weekly analysis.
32:49
This is quite strong. It probably says this correction into June is going to be
32:55
on the shallow side. uh not 100% sure. It could come down to
33:01
the support here at 703. I mean that's reasonable. It's not that big of a drop.
33:06
It would be something like 4 and a half 5%. Not much when you look at that. So
33:12
that's where the strength is. When I look at the daily chart, and this is very important, this is an extremely
33:19
telling chart and very strong. So on the weekly chart, if you see that upward momentum very clear on the reversal
33:26
scout and it pushing up. What you see here on the daily chart are the formations of the cyclical patterns
33:32
which are very strong. This is a right-hand translation. What does that mean? Well, this cycle right over here
33:39
um just gave you a a rectangle, tiny little rectangle consolidation because
33:46
this downward corrective period just could not fight against this strong upward momentum. Note the slim ribbon
33:52
support right over there. When the slim ribbon is in positive mode, all of these things are green. As you can see,
33:59
they're open or closed for the candlesticks, but they're green. when it's in negative resistance and the slim
34:05
ribbon providing that. Then they're in red and you can see that right there. Here's where the option bias indicator
34:11
tells you how to bias your positions. Here it was negative. There was a bottom warning right there on the button where
34:17
that turned orange. And here you saw a little one little top warning came right
34:23
in here. And then this right over here. All they brought you were these tiny little corrections. So you could see the
34:29
setup here. This is a bullish right-hand translation. This is a bullish right-hand translation riding the upward
34:36
uh slim ribbon right over here. Our reversal scout which turned up here had no down tick in this little correction
34:42
area. All of that momentum strong. I'll show you the MCM the market condition monitor and it reflects this. You have
34:49
out of phase cycles in here because this is the longer cycle that's on the Russell. This is the S&P 500 and the
34:57
NASDAQ. And you can see right over here where this came into play right there. And uh this uh
35:04
that doesn't belong there. Let me just get that line out of there. And uh then uh this next period out over here into
35:11
mid June and that's where I'm talking about that weekly correction is where you get the Russell coming down, the S&P
35:18
and the NASDAQ all coming down. And that's pretty likely to get you a rally in here that fails. This right over here
35:26
is the support of that cycle. I didn't put a a label in there yet, but that's at around 732. If you see the spy down
35:34
below 732, it's going to be a pretty significant warning. That might mean that it aborts this upside uh uh
35:42
positive phase and then we're going into this corrective period which is going to head down into some support area. That
35:50
703 level that we talked about on the weekly chart is right over there. So, this is an important uh period for
35:58
short-term traders, especially because intermediate or longerterm traders, you're probably not going to adjust
36:04
positions when you have this kind of a setup. And then the likelihood that after this correction, it's going to be
36:10
moving up again. That's not where, you know, uh the longer position traders or
36:16
investors are going to adjust under those conditions. But, uh, short-term traders, this is certainly an
36:22
opportunity that you see right in here. If it gets under this area around 732,
36:27
that's going to be the warning that we're in this correction here that aligns for the weekly and the daily
36:34
pattern. So, very important again, you understand the cycle analysis. Go watch the Bitcoin analysis I did earlier in
36:41
the show. Uh well, I'll probably post that as a standalone also on YouTube uh
36:46
in the next few days. So, you'll be able to watch it there and take advantage of our cycle analysis workshop that uh we
36:53
showed uh this week. Just a great opportunity to learn our style of
36:59
analysis. So again as you can see looking at the side by side in here a
37:04
corrective period do out over here which could be shallow reasonable to be somewhere around 5% the same alignment
37:12
right over here which says very likely to see um the decline coming out into
37:19
that time frame. Right now we have no indication of that whatsoever. We have
37:24
only bullish readings of everything we're looking in here. So, I'm anticipating giving you the analysis of
37:32
what the cyclical patterns and the normal money flows and rhythms are
37:37
telling me. So, I'm telling you, get the radar on. Look for a little more upside
37:44
right now. Maybe even testing 750 or a little higher uh before we get uh into
37:50
this declining period. And then after that, uh, look for this 732 area to give
37:56
you a signal that the market is ready to go into this corrective period. And for
38:02
short-term traders, that could be an opportunity. That is a look at my
38:07
analysis for today on the stock market. Let's switch over now and look at the MCM. The market condition monitor are
38:15
just fabulous application that you can get a good sense for market condition based on the time frame that you trade.
38:24
Right now this is now intermediate. So this is the uh uh a market condition
38:30
monitor the MCM. This is uh uh included in the level three and level four
38:35
memberships. The only difference is that it the level four membership includes the intraday. The level three membership
38:43
does not. And of course, always look at our if you're a a a person that cares about the intraday, make sure you find
38:50
out about our day trader service. It's absolutely fabulous. So, let's take a look here. And this is the four indexes
38:58
right there. And you can see on the intermediate pattern, that's the uh what we're looking at, right? Uh there
39:06
intermediate right there is what we're set up. Uh what we have are conditions that are very bullish except for the
39:15
NASDAQ I'm sorry uh the Russell the Russell has downtick now to neutral. Now
39:22
the Russell patterns which you can see in the future speak show or if you're a member of course you'll you get those
39:28
charts you can see that the Russell is is overall setting up in a weaker
39:35
structure and that's probably leading the way for this corrective period that
39:40
we see. So um there was a little bit of a down tick here from very bullish to
39:45
bullish in the Dow. It's a slight weakening that we're seeing right there. Let's look now at the short term and
39:52
we'll see that the short term well we have similar reads right there as we see
39:57
the uh the Dow uh is um on the bottom is
40:02
just slightly bullish and we have neutral uh in the Russell and of course
40:07
the spy and the QQQ are very bullish. So
40:13
that's for the short term. Now, if you were, you know, kind of a 2-day, 3-day,
40:18
4 day swing trader, you'd be using the uh near-term right over there. And you
40:24
can see the near-term right over here is not giving you a lot right there because the market has started to move sideways.
40:31
So, indications of a near-term upside rally that the cyclical patterns are
40:36
suggesting. Well, we're not seeing that right over here on the indicator. So, here's the short term. Now, let's look
40:43
at the short-term conditions for the individual stocks. There's hundreds of
40:49
stocks in here in ETFs. And we'll just look here for the ones that
40:55
are very bullish on the short term because this is a good overlap for people that are swinging traders or
41:01
longer term traders. It's kind of right in the middle time frame. And you can see in here as I move down the ones that
41:08
are giving you very bullish indications of course Micron (MU) uh which has exploded
41:13
ASML uh the semiconductor uh indicator all of those extremely strong as I move
41:20
down and you can see the ones in here that are very bullish as I click down
41:25
through here and it's extremely valuable and those are the ones that were very bullish and if I click on trade setup
41:31
condition again and look at the ones that are very bearish bearish and you can see right there uh that uh Expedia (EXPE)
41:39
very bearish, Pepsi (PEP), uh Lowe's (LOW) uh a lot of retailers are not looking
41:44
specifically great. Uh maybe Walmart (WMT) of course has been a a different case.
41:50
Carvana (CVNA), Comcast (CMCSA), McKessan (MCK), those are all very bearish when you look at that.
41:56
Now remember it says very bearish in the short term. That means the setup is that if you want to buy these, well, you're
42:03
probably premature. Uh, and if you were a short side trader, well, you probably
42:09
want to execute on that when they give you an entry. That would mean that, you
42:14
know, somewhere in a rebound and resistance is where you'd want to enter on the short side on these. So, it's uh
42:20
Arvy does a fantastic job of teaching that. And when you look at his trade ideas and the record that he has in
42:27
trade ideas, it's mind-boggling how good that is. So he's very good at finding
42:32
those entry zones and he teaches you that in the trade ideas for uh members.
42:37
So make sure that you look at that possibility. Ask Slim AI about trade
42:42
ideas. Okay. So here is uh more of the uh very bearish uh ones that we're
42:48
looking at. And that's everything I'm going to show you there. So again, market condition monitor uh for our
42:55
members level three and four. All right, that's it. Uh make sure that you check
43:02
out our website if you're brand new. Get acquainted. Sign up for the snapshot light. That's free information on the
43:08
S&P 500 every day. No credit card necessary. That's how you really start to learn what we do on YouTube.
43:14
Subscribe to the channel. Click the notification bell and like this video. Give it a thumbs up. Follow uh me at
43:20
asks slim. Any questions you have, write to matt aslim.com. That's it for today.
43:26
I want you to be so careful cuz it's so crazy out there. And I'm always wishing
43:31
you great trading. Well, I'm going to do a show
43:42
and I know all my fans want to learn how to make some dough.
43:47
I've been cruising up and down for tra each and
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