Stock Market Crash Warning: Tomorrow Will Be Shocking (Major Reversal)

[00:00:00] Speaker 1: Donald Trump just gave a warning to the stock market that we haven't seen in the last 10 years. All flights in the US have just grounded and the last time we saw this was during 9-11. The CEO of NVIDIA had to re-sign from the company after he was caught having an affair and the stock dropped $750 billion in a single day. But this week we have NVIDIA earnings and if they're not good, this could potentially crash the market even further. In this video, I'm going to explain all the news events you need to be prepared for. I'm going to explain the exact trades and game plan I have coming into this week. And if you don't know me, I've been trading for the last 9 years. I have a major in finance and a minor in economics. Let's get into the video. Alright, so Bitcoin has fallen below $69,000 and Ethereum has fallen now $1,900. As selling pressure accelerates in crypto and crypto markets have now lost over $150 billion in just 48 hours. And you can see this is the huge drop that we've gotten. On top of this, one of the biggest news last week was the NVIDIA CEO actually resigned because he was having affairs with other people. Of course, this was very, very big news. And because of that, he did unfortunately have to resign from the company effective immediately. And of course, because of that news, NVIDIA was a name that was holding the stock market together. But NVIDIA has now plunged over 10% after he officially resigned as CEO and the stock has erased $750 billion in market cap since the scandal began. And here's the thing. There's a secret that nobody is talking about. And that is that the Trump administration is reportedly considering firing the Commerce Secretary Howard Lutnick over the China chip scandal. And this news is very under the radar right now. And this only came out because reports are saying that Lutnick stalled curbing chip sales to China. So once again, if this does happen, this could potentially drop the market even further. However, with all this news, what are traders saying? Well, an internal post urges NVIDIA's board to reinstate the CEO and has drawn over 1,600 comments with the majority of full support of reinstating the CEO of NVIDIA. This is because the post urges the board of directors to consider employee sentiment regarding the previous CEO's departure from the company. And of course, shareholders want the CEO to come back as well, as this is, of course, hurting their stock portfolios. So I'm going to keep you updated with all the NVIDIA news as well, because this will be affecting the markets. If you want to stay updated, make sure to leave this video a like. Let's see if we can get a thousand likes and I'll make videos every single day with updated news. And make sure to subscribe to the channel so you don't miss any new news events. And as I'm recording this video, this news just came in that flights have now halted at airports across the U.S. due to air traffic control communication problems. All flights are being grounded nationwide. And the last time this happened was near 9-11. Now, with all these news events happening, what are the stocks that I'm looking at coming into this week? You can see so far, I started off November really, really nicely. All these trades were taken live in the private Discord. The link is in the description. And a very quick reminder, tomorrow, Sunday, November 15th for 100% free, I'm hosting a four-day small account project, which is a virtual online four-day event where I'll be going over the next big trading opportunity coming into the markets. And you do not want to miss this. All you have to do is register with the link in the description and it starts Sunday, November 15th. However, with this being said, what do these news events mean for the names we trade? Well, this week, primarily, we do have Fed Chairman Worsh speaking Monday at 12 p.m. On Tuesday, we have red folder news before 8.30 a.m., which is the market opening, of course. On Wednesday, we have FOMC meeting minutes. Now, this isn't as important as FOMC, but this is still a very, very important day. That's at 2 p.m. Eastern. And if you sign up for my four-day live event, I will be going live trading in front of you for absolutely free if you're signed up. That will be on Wednesday. That'll be trading at 9.30 a.m. Eastern for the four-day event. In terms of how investors feel, of course, there's a lot more fear in the markets. However, we are coming out of extreme fear and we are now just at the border of fear and neutral. And this week, we do have NVIDIA earnings. This is going to be major, especially after all the big news events we've had with the CEO recently. These are earnings that are very important to the market and can move them a lot. And therefore, we're going to be talking about exactly what I'll be looking at on the charts. So with this being said, let's go over to my game plans and trades that I'm looking at this week on the charts. All right. So for the first stock here, this is the S&P 500. You can see the S&P 500 was kind of in this range period for quite some time where we had this high and low. However, now we are breaking out of that range. We broke below here on previous Thursday, and then we had some buyer. Stepping in for this one coming into the week, I'm a lot more neutral. The only way I'm bullish coming into this week is if we break above 763. So if we get this 763.35 break retest for continuation to previous highs, I'm going to be bullish. However, just this consolidation is also definitely the case scenario for this name. So I'm going to be a little bit more careful. If it breaks below the Friday candle low, then I'd be looking for the break and retest to the downside back into this pivot structure around 732s. However, right now for the S&P 500 primarily, I'm definitely a little bit more neutral. In terms of the QQQ, so you can see the Qs, this one had a little bit of a bigger drop, right? This one had a drop of about 15%. Buyers then started to step in. We're seeing a little bit of consolidation here. I think the Qs could still come into the 660.47 level, and that's where buyers step in. However, in between the range of 700 to 660s, I'm also neutral on the QQQ, and that's because we do have FOMC minutes this week, and therefore we could see this consolidation. So for Qs, if I'm bullish, it needs to break above 700s for me for that continuation push, and if I'm bearish, it needs to break below 660s. In between this, definitely a lot more range. For Apple, this is the one that's actually showing a lot of strength. You can see buyers have been aggressively stepping up on Apple, and if you've been following this channel for a little while, before this buy zone even happened at 248 in January, you can go back to my videos. I gave this exact buy zone for almost a 50% move on the underlying stock. However, coming into this week for Apple, what I'm going to be looking for is going to be continuation. So for me, Apple is bullish as long as it holds above 334s. As long as Apple doesn't break below 334s, this is a very bullish name. It's at all-time highs, so I'm going to continue to ride the Apple trend to the upside. As long as it doesn't break 334 or 45s. In terms of Tesla, you can see this name has been in a lot of consolidation. Tesla is currently at the same level that it was in 2021, right? We're at the same price. So therefore, Tesla hasn't moved in a couple years now. We definitely see a lot more range on the stock. For this one, primarily, if I'm bullish, I need it back above this 410.51 area, retest for a move back up into 453s. And if I'm bearish, it needs to break below 341.71s. In between here, Tesla could just simply range in between here, right? So that's not something I'm looking out for. I primarily want it to break above the range of 410s or break below. And in this case scenario coming into this week, I primarily would like it to break above the 410 area as we are very close for that break. In terms of AMD, you can see this one had a pretty big drop. AMD dropped almost 38% from all-time highs. And then in the last week, it's basically picked up 44%, right? So really, really big volatility moves in AMD. However, the key thing here was last week I said, and I told you guys, this 393.38 level. As long as we hold this level, buyers can still step in on this one. And that's exactly what happened. However, we are at a resistance. So for AMD now, because we had such a volatile move, we could potentially consolidate in between this range. So for AMD to continue this very bullish move, what it needs to do is break above this 582.74, which was the previous all-time highs, break above, retest, and then look for continuation. Now, remember, NVIDIA does have earnings this week. And therefore, AMD may potentially lag with NVIDIA because they do trade very, very similar to each other. So that's something we do have to be mindful of. Speaking of NVIDIA, we can see this one does have earnings. And of course, this one had a very big drop, especially after the CEO news. This one dropped almost 38, 40%. We do see a little bit of a rebound here, but even still, this one is still down very big. We do have earnings on NVIDIA. The earnings are on Tuesday. So Tuesday, we're going to be very, very mindful of NVIDIA, and we're not going to be trading it until after Tuesday. Primarily for me, there's a couple things on NVIDIA. If it does want to continue to drop, the next level of support is 129. Now, that would be a very big drop from all-time highs. The stock would be down almost 50% if it did drop there. If NVIDIA wants to hold and it's good earnings, then the only way I'd be interested in this one is if we reclaim back above a minimum of this 189.68. So a reclaim of this area, a retest, and then we could potentially look for all-time highs again. So this is something I'll be watching out for very, very in detail this week. And if you want me to make a video after NVIDIA earnings, make sure to leave this video a like. Let's see if we can get 1,000 likes, and I will make that video. In terms of MU, you can see this one had a really big push-up from all-time highs. You are down almost 40% here on MU. We are currently coming back into this gap. So we had this little gap on MU, and it's actually doing a break above and a retest. So I want it to hold above 744.92s. As long as MU holds a 744.92, and we can see buyer stepping in, this is the key area for MU. So I want the retest of 744.92s, buyer stepping in off that area, and then I'll look for a move back up into this potential pivot structure, which is basically just this 1,000 level on MU. We'll see if MU can hold. The key area of support this week is 744.92s. For SNDK, we can see this one from all-time highs is down almost 63%, and we did have this gap fill, which we can see we retested, and we're actually rejecting. Now, this one does have a stock split coming up on Friday, November 20th. This is going to be something we want to be mindful of, because a stock split means that the stock's cost value is going to drop, of course. So this could sometimes be a positive or a negative catalyst. We're going to have to wait to see how this affects this specific stock. For any sort of just buyers, I need it to hold above 777.14s. This one is, of course, bearish right now, but it needs to hold above 777.14s for continuation. And then, of course, for momentum, it needs to break back above this key area right here, which is around that 1,015 area. In terms of INTC, you can see the huge drop that we had on INTC. This one from all-time highs is now down about 62% as well. We came back into this gap that I gave you guys a couple weeks ago. Buyers stepped in, and then we're kind of rejecting off that $65 area. Now, for this one, as long as it holds above this gap, right, it can just be neutral, which means it's just going to range in between $65 and $55, which is a $10 range. For this one, primarily, I'm a lot more neutral. I'm not bullish. I'm not bearish yet. If I'm bullish on this one, it needs to break above $65. And if I'm bearish, it needs to break below this $55. Right in the middle of the range here, very, very neutral name. For SpaceX, you can see this one is right in the middle of the range. It's below your opening price or your IPO price, which is $149. You can see we're currently right below it. So for this one, of course, we do know that we are going to have a very big IPO soon, which is Anthropic, right? So that's going to be something that we have to be mindful of coming very, very soon in the markets. This was the last big IPO. But two all-time highs, we have about 63% left. This one is also very neutral. So for me to be bullish on this, it needs to break back above the IPO price, which is $149. That's the only way I'd be bullish on this one. And then we can look for a move back up into $172.34. And if I'm bearish on this, it needs to break below $130s. And this could come all the way down into $106. However, right now, in the middle of the range, it's just a lot more consolidation. And I'm very neutral on this one coming into this week as well. In terms of Bitcoin, we can see Bitcoin had a very big drop, right? Bitcoin tried to have this push up, but we are now dropping below $65,000. Just in the last couple of days, we've dropped almost 22% on Bitcoin. It is coming back into this level of support. So the next level of support Bitcoin has is $67,000. That's the only level it can hold. That's the level I'll be interested in for any sort of continuation. It's going to be the $67,000 level on Bitcoin. In terms of gold, you can see this one is pushing to the downside. From all-time highs, we are down almost 30% on gold. The key areas of support that it can bounce from is the area we're currently in. However, the next area is $3,818. So that's the next area of support over here. That's what I'll be watching for this week. But so far, very, very bearish on gold. And then finally, for silver, from all-time highs, you're down about 60% on silver. You're just in this consolidation range. So silver does have $45. That's the level of support that it can come down into. But right now, where we're at, this is just a lot more consolidation. So I'd be a lot more neutral on silver this week as well. So with this being said, if you haven't signed up for my four-day live event, where I'll be live trading in front of you on the last day on Wednesday, make sure to sign up. If this video helped you, make sure to leave the like. If you have any questions, put them in the comments down below. Subscribe to the channel, and I'll see you in the next video.