WEBVTT 00:00:01.000 --> 00:00:07.000 And welcome to today's charts the day video. I wanted to start with taking a look at a couple of things that were reporting earnings 00:00:08.000 --> 00:00:16.000 that I posted on Friday. I thought a lot of these were reporting before market opens, but actually a lot of them were after market closed today. 00:00:17.000 --> 00:00:28.000 But those were posted. ASTS, we talked about this on a webinar or a charts the day video a little while back, where it counts best as five waves up to here. 00:00:29.000 --> 00:00:42.000 And then this is an ABC for a B wave or an X wave. This bounce was starting to get a little bit high as a fourth inside the C, but it did not get over what would actually count as wave two. 00:00:42.000 --> 00:00:50.000 So we're getting a little bit of a reversal. It was only three waves up here. So it is possible that this was all of the wave two low. 00:00:51.000 --> 00:01:04.000 We do only have three waves up, so we need to hold a retrace and maybe this is working on wave one of what will morph into wave one of the minor degree wave three. 00:01:05.000 --> 00:01:19.000 So working on a possible leading diagonal of a bigger wave one here. So this would be this degree. We'll keep this green because this is the most bullish count. 00:01:20.000 --> 00:01:32.000 And so this ABC up could be wave one here. This is working on holding a wave two retrace. And then we need three, four, five up in more of a leading diagonal of four wave one. 00:01:33.000 --> 00:01:44.000 Up towards the 115 region, which is the 0.38255, which is perfect for wave one of three. If this is all of this expanded and running flat for wave two. 00:01:45.000 --> 00:01:55.000 That didn't really give us the most clearly complete, even five waves down as the C wave from here. Certainly don't have five waves down from here, but we're counting this as a WXY. 00:01:55.000 --> 00:02:15.000 Next, let's take a look at Archer. Archer and Joby continue to look pretty similar. So I added this purple four that could be more like Joby is counting rather than the much wider alt of this B inside the wave three still. 00:02:15.000 --> 00:02:30.000 But getting some nice price movement along further in the C wave in what is likely a larger A wave if we are applying the same count that we're looking at in Joby. 00:02:30.000 --> 00:02:51.000 Not the biggest pop on earnings, but ideally this can get a little bit closer to the 0.738 level and then hold a four and then to get a fifth wave up to the 0.790s and then hold a B wave retrace from there in holding the sixes would be the most ideal there to set up for the next swing. 00:02:52.000 --> 00:03:14.000 Just comparing that to what I think is a little bit clearer on Joby that we've been following where this is the wave four and we're looking for an ABC up for wave five. And so that smaller degree where it's already closer to really could be all of the three, four and five. 00:03:14.000 --> 00:03:40.000 This could be an extension of the wave three though. But maybe this will start to round out as a top to this smaller degree A wave inside the bigger A wave and give Archer an opportunity to catch up to get closer to its 0.790 level which is the equivalent one, two, 3.6% fib. 00:03:40.000 --> 00:03:48.000 And maybe this kind of curves out over here as the start to this A wave in a B wave consolidation. 00:03:50.000 --> 00:03:54.000 But all of that's inside the larger minor degree A wave of the parentheses wave five. 00:03:55.000 --> 00:04:08.000 Next we have QUBT, which is up a lot on earnings. This was we said this was a possible micro one, two, and this could have even been a sub micro wave one start to the three. 00:04:09.000 --> 00:04:23.000 But I'm not sure if it counts best as an actual B wave high and then maybe a C wave down for the wider flat or just a slightly larger microwave one. But either way, we're getting a really nice move in the micro third. 00:04:24.000 --> 00:04:36.000 This is all inside a sub minuet three of this wave one of the minute degree wave three starting. 00:04:36.000 --> 00:04:48.000 So but a really nice five up, three down, another micro one, two start in the microwave three that should be targeting at least 1345, if not a little bit higher there. 00:04:53.000 --> 00:05:10.000 Next thought we'd talk about DXYZ again. I'm go ahead. I went ahead and shifted this to what was the yellow alt where crossing over this blue line started, which was the 764 of three started to make it more likely 00:05:10.000 --> 00:05:26.000 that we were further along in the three as opposed to just an A wave and certainly crossing over the yellow line, which is the 100% for wave three really made it more likely that this was the three and not just an A wave of a larger wave three. 00:05:26.000 --> 00:05:50.000 The thing that I mentioned earlier today, though, is that we have this larger degree pirate ninja. And the ideal was that we were filling out a leading diagonal where we hold in this region as the three and then get a four and then a wave five up into the 70 region, 70 to 80s as wave one. 00:05:51.000 --> 00:06:08.000 But we are starting to cross over the 50% region of the measured move. So it is possible now that we hit a 382 that we hold somewhere closer to the 55 zone and then just get further extension. 00:06:08.000 --> 00:06:17.000 And even though this looked more like an ABC up, we could be further along in that pirate ninja. So support for that is going to be in the mid 50s. 00:06:17.000 --> 00:06:37.000 My preference is still that this is just wave one of a much bigger move starting, in which case if we're still working on the leading diagonal for wave one that we've been tracking for the last two months, that we're going to get an ABC retrace into the 40s and then get another ABC move up into the 9100 region. 00:06:37.000 --> 00:06:59.000 But also remember, as much as we want to see this fill out the ideal Elliott wave pattern, some people might also just want to keep some positioning in here because it's one of the best ways of getting exposure to SpaceX rather than waiting to buy it or trying to go through private channels. 00:07:00.000 --> 00:07:23.000 BTBT posted a while ago back at the beginning of May or end of April that there was that even though this move up into the 2024 high was not the cleanest bullish move, it was holding this really nice ABC retrace to a 618 fib and could be starting something a more bullish, larger degree pirate ninja off of that. 00:07:24.000 --> 00:07:31.000 So we held support and then we have what looks like five waves up to a proportionate move that makes this look like an ABC. 00:07:32.000 --> 00:07:42.000 So it doesn't mean that it's corrective as a bounce in setting up for a bearish move, but it does mean that we have something that looks like an ABC completing as the initial move off the low. 00:07:43.000 --> 00:07:59.000 And if that is either an A wave and a bigger ABC up for wave one of what could be an ending diagonal for the larger degree measured move or maybe wave one in the start of a leading diagonal for a bigger wave one of that move. 00:07:59.000 --> 00:08:19.000 We could get either way, it could get a retrace into the 1.5 region 150s as a support of whatever whatever whether this is a B wave or wave to retrace, you know, this is going to be that typical support region, if it is completing an initial move as ABC up. 00:08:20.000 --> 00:08:26.000 Next, SATL with a really, really nice move today. 00:08:27.000 --> 00:08:43.000 The concern that's starting to alleviate a little bit, although we are still at the larger degree, it is still possible to count this as an ABC as a larger ABC up. 00:08:44.000 --> 00:09:01.000 But getting further past the 764 fib similar to what have played out of the smaller degree on DXYZ is that for this to be the alt purple A wave, it really needed to hold as a high here. 00:09:01.000 --> 00:09:14.000 And so the further that gets over the 764 and inching closer to the 100% fib, the more probable that this is just our AB of primary wave three and we're further along. 00:09:15.000 --> 00:09:27.000 So this ideally is one wave one of that C wave of primary wave three and the AB start to the to the C of three of that parentheses C wave. 00:09:28.000 --> 00:09:39.000 And so within that move, I did note that so far we have three waves up in the start to a C wave C waves themselves can be diagonals. 00:09:40.000 --> 00:09:53.000 In fact, this parentheses C of the primary wave three in the larger diagonal structure we have in blue here to signify that it is most likely filling out with an ABC move up in the third. 00:09:54.000 --> 00:09:58.000 So this C wave at the smaller degree itself can also be an ending diagonal. 00:10:00.000 --> 00:10:04.000 That would be where, make that brighter. 00:10:04.000 --> 00:10:09.000 And so this ABC up can be still just wave one. 00:10:10.000 --> 00:10:14.000 So, but, and I said either way, 00:10:14.000 --> 00:10:16.000 and when I post something like that, 00:10:16.000 --> 00:10:21.000 what I'm getting at is that if this is ABC up for wave one 00:10:22.000 --> 00:10:23.000 in the ending diagonal, 00:10:23.000 --> 00:10:27.000 then the support is this six nineties region. 00:10:27.000 --> 00:10:28.000 If this is a one, two, 00:10:28.000 --> 00:10:31.000 and this is the start of the three of C already 00:10:31.000 --> 00:10:32.000 off of the green line, 00:10:32.000 --> 00:10:35.000 then it should probably hold support in the seven twenties, 00:10:35.000 --> 00:10:38.000 but certainly holding the six nineties. 00:10:38.000 --> 00:10:43.000 So either way, that six, that low sevens or six nineties 00:10:43.000 --> 00:10:46.000 region is ideal support from now on. 00:10:46.000 --> 00:10:48.000 And then that would be the first sign 00:10:48.000 --> 00:10:52.000 that maybe a deeper consolidation might be playing out, 00:10:52.000 --> 00:10:56.000 but that's a little bit less probable with the move, 00:10:56.000 --> 00:10:58.000 with this move higher. 00:11:00.000 --> 00:11:02.000 And we'll ignore the issue there. 00:11:02.000 --> 00:11:04.000 That's just saying that I didn't have this wave four 00:11:04.000 --> 00:11:07.000 overlap with the top of that wave one. 00:11:11.000 --> 00:11:13.000 Pretty sure I was saving all these as we went. 00:11:13.000 --> 00:11:14.000 Yep. Okay. 00:11:14.000 --> 00:11:17.000 Next, let's take a look at coin. 00:11:18.000 --> 00:11:22.000 Oops, not C.coin, but coin. 00:11:23.000 --> 00:11:25.000 Pushing along nicely. 00:11:25.000 --> 00:11:28.000 I think that this is the one, two, 00:11:28.000 --> 00:11:30.000 start to the C wave of three already, 00:11:30.000 --> 00:11:34.000 and that we're further along in the three of C, 00:11:35.000 --> 00:11:40.000 but it is also possible to move this A wave over. 00:11:40.000 --> 00:11:41.000 This is five wave. 00:11:41.000 --> 00:11:43.000 This can count as five waves up 00:11:44.000 --> 00:11:49.000 and a proportionate move that's still in between 00:11:49.000 --> 00:11:50.000 the six one eight and the seven six four 00:11:50.000 --> 00:11:52.000 of the circle wave three. 00:11:52.000 --> 00:11:56.000 So it is possible that this is just an alt of this A wave 00:11:56.000 --> 00:11:58.000 and it could replay as a B. 00:11:59.000 --> 00:12:04.000 I think it's more probable that we are further along. 00:12:04.000 --> 00:12:07.000 So I'll add that as the ideal subwave count. 00:12:11.000 --> 00:12:14.000 But if we are further along, 00:12:14.000 --> 00:12:18.000 then any micro B wave consolidation here 00:12:18.000 --> 00:12:22.000 inside this three of C should really hold 00:12:22.000 --> 00:12:24.000 about two oh fours. 00:12:24.000 --> 00:12:28.000 So anything under two oh fours 00:12:28.000 --> 00:12:33.000 is there's a risk of a slight alt 00:12:33.000 --> 00:12:36.000 of the larger parentheses A, 00:12:36.000 --> 00:12:38.000 and we'll just add that, 00:12:38.000 --> 00:12:40.000 the notation of a parentheses B wave here 00:12:40.000 --> 00:12:42.000 and we'll make it purple. 00:12:42.000 --> 00:12:45.000 So it's only a very, very slight variation 00:12:45.000 --> 00:12:47.000 in the same blue ending diagonal. 00:12:47.000 --> 00:12:50.000 So that's why I'm noting it here in the purple 00:12:50.000 --> 00:12:53.000 rather than adding an A here and also a B, 00:12:53.000 --> 00:12:54.000 we'll just put the B down there 00:12:54.000 --> 00:12:58.000 if it can't hold in those two oh fours as a micro B wave. 00:13:00.000 --> 00:13:02.000 And lastly, let's take a look at RDW. 00:13:02.000 --> 00:13:07.000 I posted about this earlier today also 00:13:07.000 --> 00:13:10.000 where we have a really strong move up 00:13:10.000 --> 00:13:14.000 in what is ideally the start of our green three 00:13:14.000 --> 00:13:19.000 inside the C wave of a larger fifth. 00:13:19.000 --> 00:13:21.000 So let's zoom out here a little bit more. 00:13:21.000 --> 00:13:26.000 So we have an ABC up for this parentheses wave five, 00:13:28.000 --> 00:13:32.000 A, B, and the C wave up for parentheses wave five. 00:13:32.000 --> 00:13:36.000 So the green is ideally as an impulse, 00:13:36.000 --> 00:13:39.000 but we've kind of pushed a little bit too far 00:13:39.000 --> 00:13:42.000 and don't clearly have five waves up 00:13:42.000 --> 00:13:46.000 for what looks like a parentheses wave one 00:13:46.000 --> 00:13:47.000 of this wave three. 00:13:47.000 --> 00:13:51.000 So if this is wave one of parentheses wave three, 00:13:51.000 --> 00:13:56.000 then we should hold a green wave two in the tens. 00:13:59.000 --> 00:14:03.000 The alternative that I added is that this can be an A, B, 00:14:03.000 --> 00:14:08.000 and the C wave up for a larger circle wave one, 00:14:08.000 --> 00:14:13.000 making the C wave here a blue one, two, three, four, five 00:14:13.000 --> 00:14:14.000 as an ending diagonal. 00:14:14.000 --> 00:14:18.000 So if this is A, B, and the C wave up, 00:14:18.000 --> 00:14:22.000 it should hold 11s as a fourth and get a fifth of the C, 00:14:22.000 --> 00:14:25.000 and then it would fill out 00:14:25.000 --> 00:14:27.000 as a potentially wider flat wave two, 00:14:27.000 --> 00:14:29.000 which could also hold the tens, 00:14:29.000 --> 00:14:32.000 but does have potential to dip under that 00:14:32.000 --> 00:14:33.000 into the eights even. 00:14:35.000 --> 00:14:36.000 All right, we'll hold it there 00:14:36.000 --> 00:14:41.000 and I'll do a metals mining and agriculture video now. 00:14:41.000 --> 00:14:42.000 See you guys tomorrow. 00:14:42.000 --> 00:14:45.000 And Garrett is still out through Monday. 00:14:45.000 --> 00:14:47.000 He gets back on Tuesday next week.