STOCK Market CRASH has begun... IT'S OVER.

Hello, welcome back to a new video. So

it's Monday, a new week, and a new week on

the stock market. We have to talk about,

is the SPY going to crash this week? Last

week was amazing. We hit this bottom of

around 410 on the SPY and we bounced

really hard off of this rising purple

trend line. And look how much it went up.

It went up by like 10%. But now we're

reaching this resistance downtrend line

and it does look like we're going to be

seeing a lot of red this week as the

markets pull back. So if we zoom out to

the 4-hour charts, we can see we're in a

descending triangle wedge shape, and it's

just kind of bouncing between these

triangle shapes. And now currently it's

bouncing upon this line here. You can see

it hit that high back in July,

and then it's been bouncing against it

once, twice, 3 times, 4 times, and now a

5th time Can it break through the line

this time? I don't know, it doesn't look

that good because, because as you can see

here, we have a bearish upside-down pin as

a candlestick that printed last. And this

is a bearish sign that we're going to see

some downturn in the markets. And I

predict that it will pull back and do some

selling down to around this area. And

that's the area where I think that's where

the market will start finding buyers

again, because I do think we have

bottomed. I think the market has bottomed

around this area at $410, and there is a

lot of buying in this area. It's a very

big buy zone, and a lot of people did buy

into the market at that point. So first of

all, I am a bit annoyed because I thought

I was going to get a 5x leverage long in

the SPY. And if I had bought the 5x

leverage long SPY around there where the

market seems to have bottomed, I would

have made like $500 or $600 profit. But I

was too scared because I felt like there

was a good chance that it could bounce

here, but then start to come back down

again, all the way back down to 380. So I

was hoping that I'd have a buying

opportunity around 380 or 390, but the

market never came down to that level and I

missed my chance to go long in the SPY. I

did pick up a couple thousand pounds worth

of Tesla shares and it has gone up a

couple percentage points, but I didn't buy

Tesla when it was at 190. I bought it when

it was like at 215, so it's not like I

came in at a very good entry point. And I

really should have bought around here

because that would have been a really good

profit to have been able to make in just a

week. And you could have seen by the trend

lines, it's bouncing off this trend line

perfectly every time. Look at that bounce,

bounce, bounce. Should have been more

confident in taking that trade. But, you

know, sometimes you get it right, but you

didn't feel confident enough to take the

trade and you missed out. So it would be

kind of foolish to really go heavy long.

When it's already bounced like 10% upwards

and now we're hitting this resistance

line. What I want to see now, now that

I've missed that opportunity, is I want to

see it pull back a bit after hitting this

descending trend line and come back down

to around $4.25. And that would

be a good level to pull back to, and

that's where I reckon people are going to

start buying more, and that's when I'm

going to start buying some as well. Now

I'm not going to load the boat because

it's still risky. We've already gone up

this massive 10%, made this huge move.

And if it'll come back down 50% of that

huge move, then it could be an interesting

time to buy. But you never know, it might

bounce, it might get rejected hard off

this line and bounce all the way back down

to maybe around, maybe around

there. If there's really heavy selling

pressure, it could drop all the way back

down to the purple line and then we have a

second good buying opportunity. But then

if it really drops below this purple line,

then things are going to look pretty bad,

and you might actually get what you wish

for and get that 390 or 380

buying opportunity in the SPY. So moving

on to Tesla, you can see it's also bounced

off that same upwards trend line, the

purple line, and it has created a very

strong buying candlestick here. And I

still feel like my prediction of it going

all the way back up to $300 is quite

reasonable, and then maybe a pullback and

then all-time new highs back up to over

$400. So if you think it's going to go

back up to $400, which I think could be a

very good possibility if the markets do

decide to go for a Santa rally and there's

a lot of strength into the back end of

this year, then I think now would be a

good time to stock up on some Tesla stock,

even if you are like a trader or you want

it for a long-term investment. So what I'm

looking for here is maybe a tiny bit of a

pullback back down to around $210, and

that's where it's going to find some good

base and good support. And then we'll

finally break out of that kind of— well,

it's already broken out this descending

triangle, and now it's like trying to

accumulate and create structure in this

upside-down triangle bucket shape, which I

think is going to use as a base, a

foundation to lightning bolt its way back

up to all-time highs. So I've currently

got £2,500 in Tesla. So I'm pretty

confident in my long position in Tesla.

And I feel like when the SPY bounces and

finds structure and starts making its big

move upwards, it will take Tesla along

with it. And Tesla is just going to be

like what this— it will do what the SPY

does, but way more upwards. So I feel

confident with my Tesla long. Now going on

to gold, my biggest holding in the stock

market. It. Let me find it. Gold. Gold has

kind of not really done much recently.

It's just kind of stabilized around this

area, and I still think that inverse head

and shoulders pattern is quite obvious.

We got one shoulder, the head, and the

second shoulder, which it looks like it's

bounced exactly where I thought it would

bounce, which is at the formation of the

right shoulder. And you can see it's

bouncing upwards now to create that right

shoulder. We don't know how many right

shoulders it's going to form. Like

sometimes you can get 2 shoulders on each

side of an inverse head and shoulders.

But we got 1 shoulder, 2 shoulders. It's

kind of like a freak, freakish abomination

of a head and shoulders,

double-shouldered, quadruple shoulder head

and shoulders, whatever you want to call

it. So it might be mimicking, doing some

symmetry because this side had like a

bigger shoulder there and a smaller

shoulder. So it might be doing like an

equal size shoulder there and then the

same size shoulder there. Which would be

pretty bad because it would mean dropping

back down to those levels. But then it's

also going to make it stronger if it's

going to bounce back up because more

people would get into it. They'd see it as

a buying opportunity and it would just

make gold rocket straight back up. And I

do feel confident with gold over the next

few years. I feel like spot price for gold

could get back up to over $3,000. And the

reason why is because gold and gold stocks

are already really beaten down, so they're

already super oversold. And now a

lot of people who were shorting gold are

now getting squeezed. So the upwards

movement for gold could be explosive. And

also the other reason why I think gold

will do well is because it would be

because of the dollar index strength also

going down. So if we find the dollar chart

somewhere. So here we have the dollar

strength or the DXY chart. So back in

1985, look how strong the dollar was.

It's almost triple as strong as it is now.

I'm not sure what happened in 1985. I

think it was Paul Volcker raising interest

rates to like 20% and the ending of the

Vietnam War. So the dollar was really

strong back then, even though interest

rates were like 20%. And then here again

in the year 2000, it was really strong. I

think that was the dot-com bubble crash

thing. And then the 2008 financial crisis,

it had 2 kind of big spikes for its time

at that time. And now we're seeing other

spikes here with, uh, 2020. 2020 was here,

so 2020, it really went straight up after

2020 because of COVID And now we're kind

of seeing it showing a bit of weakness.

If we zoom in, if we zoom

in, we can see it's been meeting some

resistance at this level, at the 107

level, and it's bounced against it quite a

few times, but this last time just seems

like it bounced off it way too hard and

came crashing down all the way down to

105. Now some might say that this is like

a typical roller coaster pattern where

you've seen, you're seeing the stock chart

go up slowly like that, or maybe not so

slowly, kind of like steeply as if it's a

roller coaster inching its way up, up and

up and up and up until it reaches a level

where it just can't really seem to break

through anymore. And that would be the

apex of the roller coaster, and then from

there on it's just gonna be all downhill

like, like that. Maybe also like

that little valley— a valley— a little

rally, bear rally, and then back down

again. So the next support level would

either be here or it

would be here. So you could see buyers

coming back in around there, and then it

could continue to sell off or bounce off

there and then drop all the way back down

to there. So this would be really good for

gold if people see weakness in the dollar,

then they're gonna leave it and then

come to things like gold, precious metals,

commodities. If the safe haven of holding

US dollars is not really safe haven

anymore, then the next best safe haven

would obviously be precious metals and

gold. Next, I want to show you Rio Tinto,

which is another mining stock. They don't

really mine gold. Their main products are

iron ore and copper ore. And you can see

that they've actually found a base here.

They've hit this resistance line up there.

Once, twice, 3 times, and rejects it off

hard. But they found like a base halfway

between the top and the bottom of this

channel. I'll draw it in. So we've got a

very clear channel here that it's been

ping-ponging backwards and forwards

between, and it seems to have found quite

a good solid base around the mid-level.

And recently it's been going up quite a

lot. You see that? And they say that when

there's strength in copper and iron, it

means that that's a healthy sign that the

economy is not gonna crash and do really

badly. And it's like a healthy sign that

the economy is on a good pathway, pathway

towards growing. So if we take in

consideration that copper is doing well,

then we could see maybe it'll try to

retest this resistance line. And that

would mean that yes, we are indeed looking

at a bullish rally into the end of this

year. So for this week, my plan is I'm

looking for weaknesses in the market after

last week's monster rally. I'm looking for

some kind of pullback so that I could add

more shares into my long strategy into the

SPY market. I really want to go long, so I

want to build up a good long position,

but I don't want to add more now right as

we're reaching this resistance line. I

want to see a little bit of a pullback,

maybe down to around the $420 level,

which is where I'd be loading up some more

to finish out my position and maybe keep

10 or 15% in cash just in case it drops

even lower, which I think could be a

possibility, but it's not very likely

because I think people are going to be

very bullish and want to buy the dip. So

those are my thoughts. Thanks for