Hey yo, what’s up everybody? What’s going on folks? Welcome, welcome to the True Training Group live stream. Hope you all had a wonderful weekend. I want to give a big huge massive shout out and a happy Father’s Day to all of the TTG dads out there. I hope you guys had a wonderful day spending the time with family, with friends, but most importantly, family. That’s what this day is really all about. So, gentlemen, I wish you all a happy Father’s Day, and there’s no better way that I could think about showing my appreciation for all the teach dads out there than to prepare you guys to make some money this week. And that’s something that obviously we’re all here to to figure out how to make money, right? It’s why you guys are on this live stream. That’s why you’re not, you know, getting the popcorn ready for uh House of Dragons like my wife is um going nuts over that show or watching the World Cup matches or whatever it else it is. Or maybe you’re still sitting outside with a cold one smoking a cigar. Maybe you’re over the grill. Whatever it is, we’re all here to make money. And on a day like today, being Father’s Day, uh I am recently a new dad myself. I have a two kids. They’re both under two. My daughter is not even two years old. My son is three, almost four months old. My son will be four months old in just a couple of days. Um, so I’m a new dad. I’m a new dad. And I got to tell you, man, the my entire life has changed over the course of the last two years. And in in the best way possible, my entire outlook on life has changed. my perspective, the things that I care about, my priorities, and my sense of purpose and meaning in life has completely changed. I’ve made, you know, changes in my own personal life um as a as a result of this. And you know, I think it’s pretty I think it’s, you know, as we sit here and it being Father’s Day, I just think to myself about how lucky and how blessed that I am to live the life that I do and to be able to provide for my family. And it makes me kind of think more about, like I said, ever since I had kids, it really made me comp think about life differently. And I want to start this live stream off by sharing something with you that I’m never going to forget. I was watching an interview with two very successful two very successful gentlemen, two fathers. One is is a billionaire and the other is a couple hundred millionaire. So two guys that money is not is not a is not a thing to them, right? There is no amount of money. There’s no something that they can’t buy. There’s nothing that they can’t do. And the person that was interviewing these two gentlemen asked them, “What is success to you?” Because obviously it can’t be a number like how do you gauge your life and success within your life? Because it’s not reaching a number in your bank account for obviously for for those guys. And the two responses are something that really stuck with me and really hit home personally and I want to share it with you guys because it kind of gives I think a perspective on life and then we kind of bring it all together and talk about how we’re going to make some money this week. Trust me, it’s all related. It’s all tied together. The first guy responds with saying, and I don’t remember which one responded with which, but the first guy responds with, “Well, success to me.” And he says, “Is having my children want to hang out with me as adults?” That was his response was, “Yeah, obviously when your kids are young, they all want to hang out with mom and dad.” And yeah, right. Everything’s everything’s great, but when they become adults, do they still want to hang out with mom and dad? And that was um that was success for for that for that person and the next guy. And that hits home for me because I’m very very tight with my my parents. I’m very tight with my sisters. Um I see my family, you know, several times throughout the course of the month. I was with my family obviously all day today. Um so that kind of hit home for for me because I still hang out with my parents all the time and I obviously want my children to want to hang out with me all the time. But the next guy’s response completely changed my outlook on life. And the next guy’s response to me was or to this question was and again if you’re just tuning into the live stream the question was what is success to you? What is having a successful life? Because obviously it’s not a number. The guy’s a billionaire and the other guy was worth a couple hundred million or a few hundred million dollars. And the billionaire guy or the I don’t remember which one gave the response says success is you lived a successful life if your children lived a better life than you did. That is the definition of success for him. And that kind of really really hit home. And for every single person that is out there watching this live stream right now, for every father, for every mother, for everyone who just has children, just in general, success is not defined by a number or you reaching a particular net worth. It is defined simply as did you make good choices throughout your adult life that allowed your children to live a better life than you did. And if that answer is yes, then you are providing a generational leap to your children that you did not have. And then hopefully your children will be better set set up into their adult life than you were. And then they could make sure that their children then lived a better life than they did. And that is the process of building generational wealth through time. And if each generation continues to live a better life than the prior, then you continue to live a successful life. And I I share that with you because it was something that really changed for me because when I first had when I had my children, it completely changed, you know, my whole outlook on life, my my whole perspective and my priorities have changed. And I share that with you because, you know, I know how much of an impact it had on me and I want you guys to think about life and that means as well. And then it brings me to what we’re doing here today on this live stream. And it brings me to what we’re doing here just in the markets in general, like being a market participant, not even just being on this live stream, so we can figure out how we’re going to make money this week. And if you guys are new to the stream, trust me, stick around. You guys are in for a hell of a treat. I share with you my exact detailed game plan, what stocks I’m looking at, where I’m getting in, where I’m getting out, what I think the market’s going to do. I’m not a Monday morning quarterback. I’m not going to come on this YouTube channel on Friday and be like, “Oh, look at what we did this week.” No, I’m going to come on on a Sunday on Father’s Day and I’m going to tell you exactly what I think the market’s going to do. I’m going to stick my neck out there. Listen, I’m not going to be right all the time. I don’t have a 100% win rate. I’m right a lot more than I am wrong, but I’m wrong sometimes. I’m not perfect. I don’t claim to be the world’s greatest trader. I don’t think you should listen to the things that I share on this YouTube channel because I claim to be the world’s greatest trader. I’m a damn good one. I began my career working at a hedge fund in New York City, my first job out of college. I received a trader of the year award back in 2008 when the stock market was crashing and we had the great recession and the big, you know, housing crisis and everything else that we had during 0809. It was actually one of the years I received the trader of the year award. So, I didn’t have to figure this stuff out on my own. I didn’t have to watch YouTube videos. I didn’t have to sit in Discord chats. I didn’t have to scour the depths of Reddit. I was trained by professionals right from the jump. And now, fast forward, I’ve been doing this for 19 and a half years. And I’m the co-founder and head trader of True Trading Group. We have 11,000 members from 114 countries all throughout the world. We are the recipient of the Benzinga Fintech Award for best AI analysis tool. We have partnerships with u the NASDAQ, with Benzinga, with DataBento, Unusual Wales. We work very closely with OpenAI to build out the the fintech platform that is True Trading Group and then TTD terminal that that is the the whole suite of trading tools that we have on this platform that are customized to you the individual user that integrate AI into everything it is that we do where we have actual deterministic algorithms that can help build trading plans for you all the way through um you know an active trader mode session that can actually where our AI can manage trades for you and so much more that we can get into a little bit later on in this live stream. But, you know, that is what True Trading Group really is all about. It’s not just me. You know, there’s seven other professional traders that are live with you every single day that share their screens, that answer questions, that trade in front of you live, that provide their analysis and commentary, and of course, all of their trade alerts, which they’re fantastic. Okay. Our mods maintain a cumulative win rate of just around 80% now going on roughly the last six years or so. All of our buys, all of our take-profits, all of our stopouts, our greens, our reds, our break evens, it’s all tracked. It’s all there for you guys. Full transparency. We’re a complete and total open book. Okay. So, yes, do we have the trade alerts? And the courses, of course, we do. Yes, they’re fantastic. But TTG is much more than just a chat room with alerts. It is an entire trading terminal and entire trading software system for retail traders that genuinely gives them an edge and an advantage over other traders that don’t have access to these tools and these data points. Because at the end of the day, retail never really had a fair chance against professionals. Professionals have Bloomberg terminals, they have all these different data um points, all these different analytics, and all these different tools that retail traders just never had access to. It was never a fair fight. Not Not only do they have faster executions, more information, more amounts of money, they actually have physical tools and data that retail doesn’t have access to. We change that here inside of True Trading Group with the TG terminal and all the tools and resources that we have on our platform that actually give our members a distinct advantage over other traders that simply do not have access to these things. Okay. Um, and when I say here, let me actually just ask real quick. Members of True Trading Group, just type the number one in chat real quick if you guys feel like you have an advantage, you have an edge over other traders that do not have access to the tools and resources that you have at your trading group. So, if you feel you have an edge, if you feel like our tools and our platform, our whole system gives you an advantage, I want you to go ahead and type the number one in chat right now. And for anyone that’s new to this channel, pay attention very closely to the people you’re about to see comment because these are real traders. These are real members. These are people that were once viewers on a live stream, just like you are now, telling you that they have a distinct advantage over other people that don’t have these tools.
That’s what you’re seeing. You’re seeing people from all over the world. 114 different countries from all walks of life. 82% of our members have a full-time job. So there’s no excuse on why you are not going to be able to do this and use this platform successfully like all of our members are.
And when I and when I sit here and I tell you when I say our me look you can see all these people that are typing number one telling you that they have that they have an edge. And it brings me back to what I was talking about before about having about what is a successful life and living a successful life, making sure that your children live a better life than you did. And that could be in a in a lot of different way that that means different things for different people, right? The reality is life is not fair. The reality is not everybody starts from the same starting point. This isn’t this isn’t the Olympics. This isn’t a race where everybody gets to line up and everybody starts from the exact same distance from that finish line. Life’s not fair.
Somebody gets to start sometimes much further ahead than you got to start and some people get to start much further behind where you got to start. So, it’s not fair to compare yourself as far as did I live a successful life if not everybody is starting from the same point. But if you make the right decisions as an adult, and when I say make the right decisions, I’m specifically talking about financially. I’m talking about investing. I’m talking about getting involved in the stock market. I’m talking about becoming knowledgeable in, you know, what are actually good stocks that you should buy? What are, you know, a what’s a good long-term portfolio look like? How can you day trade and swing trade to supplement your income to generate extra income so you never have to necessarily worry about what’s what are you going to do? How’s your family going to survive if you ever get laid off? if there’s ever another recession, how are you going to make ends meet? Not having to worry about those type of situations. Not having to be relying on somebody else for you to live your life and provide for your family. Having a job is not security. Being able to actually make money on your own terms, that is security. Because as long as the stock market is open, we have a job. As long as the economy is booming, you have a job. But the reality is that next week somebody that you’ve worked for for the last 15, 20, 25 years could decide that you know what, costs have gone up, inflation, margins are compressed. We got to lay some people off. And just like that, it doesn’t matter how many times you showed up to work early. It doesn’t matter how many times you stayed at work late. It doesn’t matter how great you completed that project or that task. It doesn’t matter how reliable you are, how much your boss could depend on you. The reality is you are replaceable. And at any given moment, that security could be taken from you. Not because you did something wrong, not because you made poor decisions, not because your actions were terrible, but because somebody else above you decided you were worth removing. That’s not security.
Security is knowing whether the stock market goes up or the stock market goes down. As long as it’s open, we can make money. And it’s what we’re going to talk about here on this live stream. I’m literally going to give you my game plan of how I plan on making money this week.
But I hope that everybody that is on this live stream right now, and this is a real gut check moment. I’m being as as genuine as I possibly can. I’m not I’m not making a joke. I’m not being sarcastic. I’m not exaggerating. I hope that every single person on this live stream is ready to take this serious. If you’re here just to look for some, oh, tell me the next yolo stock that’s going to, you know, short squeeze small flow, whatever it is, or give me some kind of yolo, zero DT option play, tell me where Tesla is going to close on Wednesday evening so I can buy a call or a put tomorrow. If that’s what you’re looking for, then True Chinub is not the place for you. But if you are motivated and dedicated to ensure that you live a successful life, by which I mean have making sure your children live a better life than you did, then this is the this is the very best place you can possibly be at 8:25 p.m. Eastern on a Sunday evening. I promise you that. Because my entire life is now dedicated to make sure that my children live the very best life they possibly can. And I bring that all together because Father’s Father’s Days mean something different to me now. Father’s Days two years ago was all about my father and appreciating everything he’s done for me and my sisters and my mom and for our family. And I still appreciate that. I still am I thank God every day to bless me with a father that that that I have. And he is the epitome of of a man and father and and a dad. And I couldn’t ask for anything more. And I just hope that I am half as good of a father to my children as he is to me. I’m very lucky and I’m very blessed for that. Not everybody’s not everybody can say that, but I hope that every single one of you are as motivated and dedicated to make sure that your children go on more family vacations than you went on. That your children are able to get a car when they have their driver’s license. That your children are able to go to college. That your children are able to go to the college that they want to go to. That your children are able to wear the pair of sneakers that they want to wear on their first day of high school. That you may not have been able to do. You might have had to wear a hand-me-down from your older brother. I hope that your children have enough money set aside for them when they decide it’s ready to start a family of their own. They have enough money in an account because you made good investment decisions when they were children. That they have enough money in account now for a down payment on their house that they don’t have to worry about, well, what’s going to happen if dad loses his job? And if you are motivated and you are dedicated to achieving that level of success, then you are in the right place. And I am I’m so glad to have you guys here because those are the type of people that I want part of True Trading Group. Yes, it’s all about making money, but the dollar number is not necessarily the mark of success.
It’s supplementing your income. It’s making more money. It’s providing for your family. That is the definition of success. And that definition means something different to everybody. But we all share that same goal. That same goal is to make money. That same goal is to provide. And it’s exactly what members of True Training Group do. And I’ll prove it to you. Don’t just take my word for it because I’m some guy on a YouTube channel. Okay? Don’t just take my word for it because I have a cool painting that hangs over my head. Or maybe you’re a Yankee fan like I am. Don’t just listen to me just because you’re a Yankee fan. Listen to members because they’re the ones that are living it out day in and day out. Members of True Trading Group that are on this live stream right here, right now, I want you to type the number one in chat. If you are making money and you are becoming a better trader because of True Trading Group, because of this platform, if you are getting closer and you are reaching that level of success, I want you to type the number one in chat right now. If you’re making money, you’re becoming a better trader because of True Trading Group. And for everyone that is on this live stream that is not yet a member that you’re new to the channel or maybe you’ve come to this channel, you maybe joined me on these live streams before but you’re still not a member or maybe this is your very first time. Pay attention to how many people you see type number one because these are your friends, your family members, your co-workers. If they can make money, there’s no reason why you can’t. They are not luckier than you. That’s for sure. And they really don’t have more time than you. 82% of our members have a full-time job. 11,000 members from all over the world, from all walks of life. If they can do it, so can you. There’s no reason why they can and you can’t. And as much again, as much as I would love to tell you that the reason why all these people are successful because I’m the greatest trader to ever walk the earth. I am not. I’m a damn good one. Don’t claim to be the best. But our platform, our tools, our data, our analytics, Mari, which is what that’s our AI system is the damn best that I can say that I will say because I use it personally in my trading every day. I see the success that our members have with it every single day. That’s how I know it’s the best. You’ll never hear me say that I’m the best, but you will hear me say every single damn time anybody asks that our platform and our tools is the best in this business. And for anybody that’s on this live stream right now that is not part of this community. I am going to give you a chance to prove me wrong, I’m going to let anyone that’s not a member, happy Father’s Day. I’m going to let anyone that’s not a member join this platform for 90 days to try out all of our tools, try out all of our systems, become part of this community, and make money with us. I want you to use our holy grail trade plan generator, which actually can generate a trading plan for you by typing in a ticker symbol, by typing in a trading style, you want a day trade, a swing trade, uh you want a a scalp, okay, you can just type it. It’ll give you a trading plan with an entry, a stop-loss, take-profit targets, with a win rate over 70% on almost half a million trading plans generated.
Yes, I’m going to let you use all of these things. All you need to do is go to trueradinggroup.com990.
Again, that is trueradinggroup.com990.
You guys can sign up for our trial for 90 days for 90 bucks. It’s going to cost you a dollar a day. Forget about an annual membership, right? True Training Group is an annual membership. I’m not even going to talk about that. Forget about the longer term commitment. Forget about the higher upfront investment. I’m going to give you 90 days for 90 bucks to join this community. Use these tools and make money with us. Get on board. Join the family. Get motivated. Get determined. And start seeing progress. Start having success. There’s a reason why we have 11,000 members here that have been part of this community for years. Guys, do me a favor. Type how many years you’ve been a member inside chat. Just like type the number. You’ve been a member for three, four, five, six. Just type how long have you been a member of TTG. Just type the numbers in chat. And this is how you really know. This is a testament to just how good the community and the platform really is. Because if these people were not making money, they’re not going to stay. Would you stay? If you joined and you didn’t, let’s say you joined for an annual membership and you you you spent the whole year with us. You didn’t make any money. Worse, you lost money. Are you gonna stay? Look at this. Six years, five years, five years, seven years, two years, three years, four years, five, five, five, six, five, six, five. Just just look at the people that are typing in chat. There’s a reason people have been here for five, six, seven years. It’s because they’re making money. It’s because they’re having success.
This is This is not a hey, trust me, bro situation. Oh, our tools are great. Sign up for a whole year and use. No, no, no. Use them for 90 days, make money with them, then join. because I I’m confident that if you use them for 90 days that you are going to have success that you’re going to make money and then you’re going to want to stay with us for the whole year. So, it makes it makes sense for us as a business. Don’t get it twisted. Chuch Chenn Group is a business. We have over 30 employees. We have 11,000 customers from all over the world, right? I’m not just doing this out of the goodness of my own heart. This is a business and it’s a good business move on our part to let you try these things out first, make money with them because I’m confident if you do use them that you’re going to want to join and stay with us for the entire year and then you will one day be this one of these people that are typing four years, five years, six years, seven years, you will be that person. I am confident and I can sit here and tell you with a straight face that if you try this stuff out, fast forward a couple of years, you’re still going to be here. You’re still going to be with me. You’re still going to be with the mods. You’re still going to be with the family of 11,000 people from all over the world, all striving towards and getting and seeing progress and becoming successful. All you have to do is go to trueinggroup.com990
and you guys can sign up for the trial. If you have any questions or you need any help signing up, just send a text message to the phone number you see at the bottom of your screen. The phone number is 1888-621-2127.
Again, it’s 18886212127.
The phone number is right there at the bottom of your screen. Just text that number. You’ll talk to a real person. We’ll help you guys out in any way that we can answer any questions, clear anything up that you’re uncertain about, or maybe you just need help checking out. whatever it is, text that number and we’ll help you guys out. Otherwise, you can go right to trutetraininggroup.com990
and you can join us for 90 days. That’s the deal. That’s the offer I’m willing to make to anyone that’s on this live stream that’s not yet a member. Try this stuff out for yourself. Try it out for yourself. Happy Father’s Day.
Now, with that said, I’m going to take a sip of water. We’re going to talk about futures because futures are selling off. We’re going to go over some really key levels in the market. We’re going to go over what I think the market’s going to do this week. We’re going to talk about some key economic data that we have coming out. And I’m going to go over my watch list, the exact list of stocks that I have focused on. I got it right here written down in my notebook with entries and exits. I’m old school. I still have a pen pen and notebook.
Okay, with that said, let’s shake, rattle, and roll. Let’s sit on futures real quick. Let’s check it out. Oh, we bounced right off the support level. My goodness, TTG fam. See, I haven’t looked at futures in the last 35 minutes because I started the live stream. So, I haven’t been looking at futures. I’ve been talking to you guys and as you can see, I’m I’m I’m really really passionate about this stuff. I really really am. Um, you know, I got really passionate there. I got a little emotional there. Like I said, you know, today’s a today’s a special day for me. Um, and I hope it is for for many of you that are watching at home. Um, but the markets did bounce. And the reason why I’m laughing about the markets bouncing, and members of TTD will know this, is because we bounced right off of the exact support level from last week. So, we took a long on Friday, uh, excuse me, on Thursday. Friday the markets were closed. We took a long on Thursday. Okay. And the support level that we went long off of on Thursday, we drew that line right across. It’s the mid the mid740s on the spy. It’s right into that 7500 zone on futures. We got right at the 744 745. That’s the support level. And that’s right where we just fell down into. Okay. In the futures market and then bounce. So that’s why I’m that’s why I’m laughing as soon as I went and I took a look because that level held yet again. So here you guys go. I’ll draw this line right across my screen and we can just show you guys this. Now, if you’ve been if you’ve been a viewer of my live stream for the last couple weeks, then you know about this level because we’ve talked about it a lot. We placed not one, not two, but three different trades we placed over the last two weeks off this level. The first two trades we placed off this level were shorts and those were these days. And then on Thursday, we placed a long. And then there you guys can see again a beautiful support level right there against the area that what once was resistance now acting as support. And on Wednesday when we had the Fed day, we very deeply tested that support level. It almost looked like the level was broken. But then we had the big gap up day on Thursday. I posted a video on my socials about, you know, me thinking that the markets were going to kind of rethink the weakness that we had on Wednesday from the Fed and I thought we’re going to have a bounceback day on Thursday. So, go ahead and follow me on on X. If you guys do not follow me on X yet, I’m always posting content and analysis and stuff on there. My Twitter, my X handle, Mike Edward_TTG. Again, it’s Mike Edward_TTG. So, you guys go ahead, give me a follow there. You guys can even check out the video that I posted last week on my analysis of the Fed meeting. I posted that analysis on Wednesday after the Fed meeting. And you know, we talked about looking for a bounceback day on Thursday and we got it. We caught that trade long, but the long was off of this support level. Okay, this level that used to be Oops, I didn’t mean to delete that. But this level that used to be resistance, okay, now acting as support. And this level is exactly where futures just bounced off of. Okay. Exactly. And that level is 7515.
Okay. 7515 is right where we just bounced. Okay. 7515 is right where we just bounced from. But now rolling back to 7540 as we’re taking back a good portion of the early open selloff here on futures. Okay, now that takes me to the analysis and the thought process here for this week. As we get into this week, this level is going to be very, very, very crucial for me in my analysis. If this level you see on my screen now, if you’re trading the spy, if you’re trading options on the spy, that level is 744. If you are trading futures, that level’s more like 7500 to 7515, 7510. It’s really that that zone. Okay? If you’re trading futures now, we trade everything at TTG. We trade stocks, we trade options, we trade futures, we even trade some crypto. Okay? There’s something literally for everybody here at True Trading Group. We day trade, we swing trade, we scalp, we cover long-term portfolio investing. There’s literally something for everybody. So this level is going to be really important and it even more so the price action that we just saw on futures more so even confirms just how important this level actually is because now not only is that level the Thursday low but it’s also now your overnight future session low and that level is going to be now just marked if you get underneath that level this week, then I think you have to be short. Okay? If that level breaks, the only support level that’s after that would be 740 on the SPY, and that’s going to be the lows from the Fed meeting. But I don’t think that’s a big enough support level. I don’t think it would be able to hold. I think the SPY would drift back down into the low to mid730s this week if that level breaks. So again, draw it across on your screen. 744, that’s a level on SPY. It’s right around 7510, 7515. If you guys are trading futures, if that level breaks, I would be short. I would stay short until you run into the 50-day moving average, which if you guys are looking at my screen, that’s this dark blue line that was support, okay? During this this brief pullback we had there in early in early June, right? And now you can see this fifth the dark blue line’s curling its way up. So, if you break underneath this level, I’ll just draw the candles. If this level breaks, okay, if you get underneath it, I would expect more downside to take us into that dark blue line and get into that 50-day moving average if that level breaks. Okay, but for now, that level held. It was tested right now off the futures open and it held. So now as long as that level is it holds, we have to talk about what are some stocks that were strong on Thursday that we can look for a little bit of a bounce play. If we wake up tomorrow morning and the futures are green, you wake up tomorrow morning and futures are green and we took this thing all the way back up. We have to be looking with a long bias come tomorrow. We wake up tomorrow morning and the futures have retraced all the way back down to that level of 744 on SPY, 7515 on futures. I would be very very very cautious with the long early. I think that bounces would probably be faded if you opened off that level and then look that level to eventually break and then move it to the downside. So, we’re going to start off with some long ideas and some short ideas coming into this week because that level is going to be a big one. And at least now you guys have an idea of, okay, that’s going to be the mark. We open above it, we’re going to look for the long. If we open green, we’re looking for the long. If we open red and we’re opening right back down into that level, we’re going to look to short the first bounce, break the level, and then be short, stay short, and we’re going to target the 50-day moving average. Okay, everybody good on that? That’s going to be the way that we’re going to play this coming into the week. All right, let’s talk about some individual stocks here first. Now, part of the reason why we had futures moving to the downside was what’s going on. We have some talks going on. There were actually in-person discussions happening over the weekend with the United States, Iran, you know, France and Qatar and Pakistan. There’s a lot of different delegations that have all gotten together um in in a neutral site to kind of go over and to to try to talk things through and get through into a larger peace deal. There were some bumps in the road during those discussions and that got oil prices bouncing over the um over this weekend and that’s got equity prices moving a little bit to the downside. So let’s actually go and talk about oil. Let’s go to the USO. Now the USO is not the price of oil, but it is an ETF that tracks oil futures. And what I’m thinking about here with oil, oil is a very is in a very interesting place right now. The reason why oil is in a very interesting place is because obviously we are well off the the conflict highs. You know, oil moved all the way back down into the 70s and before the Iran war started, oil was at like $67 a barrel. We got as low WTI got as low as the low 70s. I think now we pushed back up to around 78. Trace, we’re tracing back a little bit off that back to like 76.
But oil oil itself has some record high straight direct short interest. Now the it almost seems like the entire world is betting that a larger peace deal is going to be had between the US and Iran within the next couple of weeks. And they believe that if Iranian oil then also comes back onto the market with the shared fermoose opening up and the US naval blockade drops that the price of oil is going to fall back beneath the price that it was at prior to the conflict starting because the amount of short interest that is on oil right now is some of the highest short interest on oil on record. Now that can be a good thing. It could be also be a bad thing. It could be a bad thing because if the if everybody is betting on one particular outcome that means there is not enough position on the other side of that trade where if there is some type of scenario where talks break down and you know military con military conflict resumes then you could have a massive short squeeze in oil. Now, I’m not sitting here telling you that that’s what I think is going to happen. I’m just telling you the mechanics of what happens in the market when you have such a large short position and everybody is betting on one particular outcome. If that outcome does not come true, the unwind of that one-sided trade could be a very vicious and volatile move. You could have a short squeeze. The way that I think this is going to play out though is any type of bounce in oil that comes from just a tit fortat kind of arguments and theatrics of this delegation walks out of the negotiations. This delegation they’re not happy. This individual person posts this on on X or or the president posts something on True Social and the other side doesn’t like what we said and we don’t like what they said. All of that like playground little kids stuff back and forth high school drama. Any bounce you get in oil from that I think is fadable. I think you should fade those bounces. The only play where I think you need to be very careful shorting oil is if there’s a complete breakdown. If there’s a complete breakdown, you have to be very careful because oil can go back to the 90s. It can go back to 100 like that. if there’s a complete breakdown of talks. But the little tick for tat, I wouldn’t try to continuously be long. I think that the bounces on that would be faded. And what I’m actually looking for here on USO is I’m looking for USO to bounce back to 120 or maybe a little bit higher and then fade back off of that again. So here’s your levels here on USO. If we draw lines out here on USO, you will see a real nice support level here around 110. 110 is going to be support back here from March, support back there in April, and support there from Thursday’s low. Now, with what you were getting right now, oil is bouncing a little bit. So, that should take USO back up to here or so come tomorrow and get a nice little bounce back that takes you up into this region. But then you have this 9 EMA, this teal blue line you see on my screen that is coming to the downside. I believe that teal blue line will come into play here. Will act as resistance and then you will get a fade off of that area. So we’re looking for a bounce back up here to USO that takes you up towards 120 and then look to fade that back to the downside and get back down into that 110. And if talks were to continue or if there was to be progress in those talks, you can eventually break 110 and fall down into like a 10 I don’t know like I think 107 or so is going to be a really big support level. I would probably just take that short off there. I don’t think you should hold USO like down to like 95 or so. I think it would take some type of a real serious breakthrough in talks and a real, you know, progression towards a longerterm peace deal that would get the USO down to, you know, 95 to 100. 95 to 100 is a massive support level. If you get there, I would assume you should look for a bounce play. And I’ll probably look for a bounce play off that level if we get there. But I don’t think that that level is in play this week, so we don’t have to talk about it all that too much. So, we’re going to look for a bounce back up here in USO up towards 120. And then we’re going to look for a short off of that 9 EMA and off that 120 resistance zone to get back down towards 110. Okay, that is USO.
Next, we’re going to take a look on over at Bitcoin. I’m not going to trade Bitcoin, but there’s going to be a play here we’re going to look at. there’s such a massive support level at 60 and we tried to bounce off of it, you know, a week and a half ago and then failed. Um, if we fall back down toward if if you get Bitcoin back underneath 62K, I’m going to be taking shorts on some of these crypto names. Um, but the way that I’m going to play this crypto idea is I’m going to play this kind of two sides. I’m going to play one long position in a cryptoreated equity and one short position in a crypto-related equity. I’m going to place uh most like I’m going to place a hedged position and then I’ll release the position that’s not working and let the one that is working ride for a much larger move. That’s probably how I’m going to play this. The stock that I’m targeting for the short side is Circle. Okay, Circle has had this base support line around 78 for the last three weeks and every time we have bounced off of this level, you’ve run into this 9 EMA up here around 86 and you have sold back to the downside. Now, on f on Thursday, we briefly pierce 78 support and then closed back above it. Now, when you get a pierce of a support level like this and then you reclaim and close above, typically that’s a buy signal. But I’m just not convinced yet. I’m not convinced yet that this candle that we just got on Thursday, I’m not convinced that that’s a buy signal yet. If circle tomorrow morning, if circle is red, tomorrow morning you wake, you wake up and circle is at like 78 and a half, I’m going to short it with a stop loss at 80.
If you wake up tomorrow and circle is green, if circle is above 80, I’m not going to touch that thing short. I’m giving you very specific price action. I’m giving you triggers on when to enter these trades. I’m not just giving you, hey, I like this for this direction. I’m telling you very specifically if this, then we’re going to do that. So, if you wake up tomorrow and circle is red, it’s like at 79 or 7850. I’m going to short circle stop loss around 80. We’re going to look for Thursday’s low to break and we’re looking for circle to fade into the low 70s. You wake up tomorrow and circle is above 80. I’m not going to touch it. Okay? So, that’s going to be the idea there for circle. Now, the long-sided idea when it comes to on the cryptoreated name, if Bitcoin were to rally is going to be if Coinbase reclaims 165, if you wake up tomorrow and Coinbase is above 165, I’m going to go long Coinbase with a stop loss around 163 and look for Coinbase to push up into the mid70s. I’m also going to look at Robin Hood. Robin Hood has a beautiful support level around 103. And we’re going to look for Robin Hood. This used to be support back here in November of last year. Then it was support in January. Then you broke it, sold off to the downside. You had this yellow line, which is the 200 day moving average come into play. You broke above it on Wednesday. The stock then pulled back in on Thursday, retest that level, and it held support. So, as long as we are above 103, I like Robin Hood long. So, just continue to try to be long Robin Hood. Anything above 103, stop loss would be under 102. and you’re just going to look for Robin Hood to give you more upside over the course of the next couple of days. And that’s going to be how we can couple this this trade idea as it relates to to crypto in general. So, if Bitcoin bounces, we look for Coinbase and Robin Hood long. If you see Bitcoin south of 62K and you see Circle of 79, we’re going to take that trade short on Circle. So, Circle’s the one to short, Robin Hood, Coinbase would be the ones we would go long if that setup gives us the confirmation. Get it? Got it. Good. Fantastic. That’s Robin Hood. Next up, we are going to talk about Madna. Madna broke above an absolute massive resistance level last week. And that resistance level is between 58 and $60. So, here’s that line drawn on my screen. Now, you can very easily see, it doesn’t take a master, you know, technician or chartist to see that this level was resistance on Madna. But it’s not just from February and May. If you pan this back, you can go all the way back to 2023 when Madna found support down there around $60. And then you can go all the way back to 2020 and see when Madna found support right around $58 $60. That level was finally broken in October of 24 and then it became resistance before the stock really got just destroyed over the next year. Well, this year you’ve rallied back up to that resistance level and now you finally broke above it. And now that we are above it, we are going to look for this level of 6061. We’re going to look for that to become support. Any pullback that you get in Madna that takes you back down towards 61K, we are going to look for that to hold support and look for the stock to then bounce back off of that level and give you some type of a candle that looks something like this. Okay, we are going to look for this level to hold and we’re going to look for now a new a new uptrend to form on Madna. I think Madna has room to $80, $75, $80, depends on how long you want to hold on to this position for. It’ll take a few weeks for the stock to get there. But as long as we are above $60, as long as there’s no piece of news about a drug trial that I can’t foresee coming, right? If there’s a piece of news and the thing gaps back underneath it, you got to forget about it. Right? There’s a news about a drug trial. There’s nothing I can do about that. But as long as we’re above 60 from a technical standpoint, we’re going to let this 90 EMA come up here, get into 60, hold support, and then let that thing push up into the 70s over the course of the next couple of weeks. I like Madna, not just for the day trade, but I like it also for the possibility of a multi-week swing trade as long as it stays above 60. And then last, but certainly not, well, not last, I got two more actually. I almost forgot. UAC. UAC is one. I like UMAC for the long. UMAC has a gorgeous support level here at 23. You guys can take a look here. 23 was the previous all-time high back in 2024. We then tested it again here in March of this year. Then we gapped above it in the end of May. We pulled back down in early June and we stuck that support level not once, not twice, not three, not four, but five times. We have now held that support level. We are going to now look for UMAC to start to push itself back start to push itself back to the upside after successful test and hold of this support level. Okay, the stop loss here is obviously underneath $23. You’ve gotten as deep as 22. Okay, but we’re going to look to see if there’s a gap up on UMAC. We’re going to look for that to bounce back up into the high 20s. And then now, last but not least, probably the ticker symbol that you have all been waiting for, and it is SpaceX. I think it is time for us to then now go back long SpaceX. We caught a gorgeous long on SpaceX off the IPO using our um our institutional flow monitor that we have inside of True Trading Group that actually allows us to make a distinction between an institutional order and a retail order. We able to identify where all those large institutional buy orders are clustering together to identify support. We caught really beautiful longs on SpaceX last week and now we got a nice little shakeout here on Wednesday and Thursday, but that shakeout takes you right back into a massive support level around 175 and it held support there on Thursday. We are now going to look for SpaceX to bounce. Okay, we’re looking for SpaceX to give us a nice bounceback play. We’re looking for SpaceX to get back into the high 190s probably as early as tomorrow. And I’ll take this into a threeinut chart just to show you guys the level that I am referring to. And here you guys can see as we look back on IPO day, the high of the day from the IPO and then you had the early initial morning highs from day two of the IPO. And all the whole time that you see this resistance here on the IPO day and the morning after, we saw massive institutional sell orders clustered around 175 176. We saw it on the IPO day and then we saw it on the day after the IPO and then we finally broke through that level and then it pulled back in and it held support and then you got the huge rally. You dropped back down into that level on Thursday. The stock held and then rallied into the close. As long as SpaceX is above the mid70s, I like it for a long. You also have I don’t know I don’t know how much we can trust this this trend line because it’s only been a couple of days, but you have a really beautiful downtrend line here on SpaceX. You can see high of the day from the 16th, high of the day from the 17th, high of the day from the 18th. Really nice downtrend resistance line. And then you have this beautiful support here at 175. And that is why we are looking for SpaceX to now give you a nice little move back up there to the upside. So, we will be looking for SpaceX longs. Um longs on SpaceX will probably be in the low to low to mid 180s and we’re going to look for us to push back up into the 190s. Resistance levels will be actually I’ll draw them for you. Resistance levels will be actually 190 even. Okay. Minor resistance at 194. heavier resistance at one at a at 200. So these are going to be kind of and then you know what? We’ll just draw this. We’ll split the difference here to give you the gap fill. So here’s going to be our resistance levels on SpaceX. Okay. So if we play this right, we’re looking for longs probably somewhere around 184 185. All right. Stop loss can probably like 178. We look for take profits at 190, 192, 194, and then 200.
Okay. Okay, but I do like SpaceX to give us a little bit of a bounceback play this week. Okay, nice little nice rally, nice shakeout. I think it’s time for us to get a nice green candle tomorrow. Okay, so that’s it, folks. That kind of wraps things up there. That’s that’s my game plan for for this week. We have PCE inflation data coming out this week. That’s going to be really really important. Um, we want to make sure we’re paying attention to that inflation data. That could be that could obviously move the markets, but I think that we’re in a really good position. Futures are rallying. We’re actually back to that. We’re at new high. We just made a fresh new high on futures. We’re now down only a quarter of of a point. We got down to we were we were down almost 75.8% at the lows. We’ve now rallied this thing all the way back. We’re down only a quarter point. This is a new high on the session. Um, we’re still red. We’re at a quarter point, but we are making a fresh new high. So, as it stands right now, we are looking for those bounce plays. We are looking for those longs. We’re looking to short short the oil pops. We’re looking for longs on Madna. We’re looking for longs on UMAC. Looking for longs on SpaceX. And we have that hedge position with Circle and Robin Hood/Coinbase. That’s how I’m going to start off my watch list coming into the week. Obviously, I’m gonna add some stocks to my watch list as the week goes on and there I see what the news is and everything else. But that’s my game plan to start off the week, guys. So, once again, if you’re not part of this community yet, I’m giving you guys a chance to join this platform for 90 days. Try it out. Try our whole tools, our whole suite of tools, make some money with us, and then we’ll talk about you guys becoming an annual member. If you want to join the 90-day trial, you can go to truetradinggroup.com990.
That’ll allow you to try out our platform for 90 days for just 90 bucks. Okay, join the trial. Don’t be shy. Don’t be embarrassed. Communicate, ask questions, learn from the group, talk to the mods, and really use the tools. Talk to your onboarding concier. All of our trials, you guys get an onboarding concier. Their job is to just make sure you know exactly how to use our tools. You’re getting the most out of it. Their job is to help make sure that you guys make some money while you are with us for those 90 days. Okay. So again, truerainggroup.com990 to join that trial for 90 days. You have any questions, don’t hesitate. Send a text message if you need help with anything. 1888621-2127.
The phone number is right at the bottom of your screen if you guys um need to to take a look at it. 1888-621-2127.
Okay, so folks, that’s it. That wraps it up. Again, I wish all my teach dads out there, I wish you guys a very happy Father’s Day. Hope you had a wonderful day. I hope you have a wonderful evening, but I hope you have an even better week because I plan on this being a big green week. So, get your butts in chat. Let’s get ready to make some damn money together. I’m excited for the setups that we have, especially that I really like that SpaceX setup. I like that Madna setup. I like that circle setup. Oil. I really like these setups. I think it’s going to be a really great great week. Truegroup.com990. I’ll see you guys there. Subscribe to the channel. Smash that like button. Show some love if you haven’t done so already. Have a wonderful rest of your evening. I’ll see you guys bright and early tomorrow morning as we always do. Take care, folks. Have a good one.