The host reviews two intraday trades from December 24: ASTS hit its short target of $82.52 after a 9:45 am entry, and SLV reached its profit target of $64.03 following a 9:35 am break below $65. Both trades used 4/8 EMA crossovers and volume spikes as entry signals.
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Hello traders, it's Wednesday, December 24th at 11:17 AM. Well, the market's closing shortly, but it's time to do our follow-up video. So we had ASTS and we had silver, and ASTS we were bullish above $89, bearish below $87.50. So we had mapped this out much earlier, and then we broke above this $89 pre-market here with increasing volume, and we came up Pretty much to test this R2 at 90.90. And then at the open, the opening candle shot up all the way here to a high of 92.95. We had mapped this out to 92.50 and then 95, 96, 97 if that actually continued. But at the open, this upthrust had hit a couple of targets and it hit some pre-market as well. But this increase in volume and then it started falling down. So we were bearish below 87.50. bearish below here. We had the 4 and the 8 exponential moving average crossing, increasing volume, and this came down all the way to our targets here, 79.18. Well, our target here was 82.52. This was a CAM and a pivot together, so this, this hit our target right here at 9:45, but it continued lower to the 79.36 area, and that's where we are Right about now. So this was an excellent short. Look at that, it blew through all of these cams. And when the 4 and the 8 like this— I keep mentioning it every video, you're probably sick of hearing it— when these are running together like this, and look at the divergence between the blue line and the red line, this is just very, very bearish, riding this momentum the downside. And then we broke up, tried to test our, uh, 50 simple, I think that was. And then not holding that back down to this S2. And look at what it did on the daily. Like, this looked really bullish pre-market, shot up all the way down, and look, we're back to the 4 exponential moving average on the daily chart. So you hear me call those out all the time when we're looking at our pre-market videos for the trade setups. All right, next up is silver. So here, silver has been riding this 4 and the 8 And we upthrust a little bit, pulled back, and so we're down on the day a little bit, but we were bullish above 65.75, bearish below 65. The 65.75 never occurred. That would— we needed to get above this R1 that was here. But anyway, bearish below 65. This gave us a couple opportunities here. Pre-market, this came down and hit some targets, and then at the open we broke above 65, and then here breaking below 65 here, that was a great entry, but that, that was at 9:35 there. Then we had this retest at 4 and the 8 running together as well. That's what that turned out to be. We came down and hit our target here at 64.03. Now if this went lower, 63.46, Would have been the next target on the downside. So when you're doing this, you're taking some profit at some levels that you decide. So we held this pivot here. We're starting to move up now. We're fighting with my 200 exponential moving average right here on the intraday. So we'll see what happens with that coming up. So anyway, I want to wish everybody a Merry Christmas. Happy holidays. If you're not celebrating Christmas. Enjoy your time off, and we'll see you on Friday with all new trade setups. Happy trading.
