🚨 URGENT PRE-MARKET ALERT: IWM & SLV Trade Setups!

Good morning, traders. It's Friday, January 9th at 4:56 a.m. All right, lots of economic news today. It's the first Friday of the month, I guess, or whatever. We've got nonfarm payrolls at 8:30 is the big one, unemployment, housing starts, and at 10 o'clock we got the Michigan Consumer Sentiment for January. Okay, so we should expect some volatility pre-market anyway. So. Let's look at the two stocks that I've got for you today. We have the IWM and silver. So IWM here on the right-hand side, these are all the late prints. And look at this: 257.65 is a six million share trade from December 12th. That there is a lot of money. And so looking back here, December 12th, we pulled back more prints, tested prints here, pulled back to the 50 simple in all of these prints. Look: three, five, six, about eight million. Now we're pushing up here and we're making a new high. So we need this to be support now, and then if the IWM takes off, that's great. Increasing volume yesterday, very nice. And so let's see if this can continue up or if we pull back maybe the 4 or the 8 exponential or back to these prints above 253. Now let's map this out on the upside and the downside. Bullish above 258. 75. Let's get above this cam here. We've got this previous high here, then we've got 259.11, 259.53 is a cam up here, then we've got 260.01 is R1, 260.78, 261.76, 262.91 up here is also a cam, and then 265, 266.33. Look at that, we've got some, we've got some great room here. This is expanding, so this takes off, lots of room for it to run. On the downside, we're going to be bearish below $257. Let's get down here. I know we're $1.60 away, but we've got my PB&J 200 exponential, 200 simple pivot, 6 million share print, which will probably be support if we come back and test this and start moving up. That's a great entry point. So let's be bearish below 257. Get below here. Target 256.50, which is about the 4 exponential moving average here. 257.76 is the cam. 255.44, uh, 254.50 is the retracement to the 8 down here. 254.50, that would be about this level right here. 253.83. 6 mil— uh, 3.6 million share trade. 253.65 is a cam. 252.78 is a 2.5 million. 252.62 is S2. Then 251.96, 1.9 million. 250.92 is 1.7. Then we've got 248.05 if everything goes to pot down here, S3. So it's widened there on the bottom. Okay, let's go ahead and have a peek at silver. So silver here, everybody knows it's been on a tear. It's in the news, all of that. Dark pool has been in this for a very, very long time, and the price has been manipulated for quite a while. But anyway. Enough of that. Going back here, these are the largest trades in the last month. We can see down here 1.2 million, 1.7, so that's 3.8 million back here, right? We've, we've got this, and so they're adding to their position. So back here, December 30th, we got, we got a print but came back to our moving averages. New prints here, uh, more prints up here. Look at this. 800, 800, 900, 1.1 million. So that's what, 1.6, 2.5, 3.6 million up here. And we've pulled back and we're breaking through these prints now. We've got a little bit, we've got a little one here, and then let's see if we can start making a higher high on that. So we've got a bullish trade and a bearish trade on this. So let's go ahead and have a peek. Uh, bullish above $71.30. Okay, we've got the $71.12, which is the $1 million, and $71.28. So if you want to get in there a little bit earlier on your own, that's up to you. I'm going for the safer trade. Uh, $71.50, $71.65, $72.58 is an $800K, $72.68, $73.03 is the $900K. 73.29 is the 800K, and then we've got 74, 74.50 is R3. So that's, uh, about 3 points anyway that you can get there. Bearish below 69.87. Let's get below this here. This is a little bit tight for the bounce of support, especially with this print here. So 69.87, target 69.50, 69.45, 69.19. 69.05, and then 68.80 is the pivot here. And so we've got my 200 simple moving average, we've got 3 million in prints, we've got a pivot in the CAM, and this recent low. I am not expecting with any great certainty that this is going to fail, but anyway, we'll see. We've mapped it out. 68.14, 67.83, 66.74, and 65.95 if this fails. But this is massive, massive support here anyway. Okay, there you go. Those are your 2 trade setups for today. So please like, share, subscribe, do all of that great stuff, leave some comments in the comment section below, and we'll see you later this afternoon with the results to see how these made out.