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the market drops and then pops as the Bulls squeeze the Bears is the move down over this is invest with Jacob okay guys so in yesterdays video we talked about the fact that the market could try to gap down under the 200-day moving average and then try to break the trend line giving us a waterfall type sell-off toward 3 800. they were able to get past the 200 but not the trend line and the Bulls squeezed them out of there giving a rally into the end of the day now the question is are the Bears done Ill get into that in just one second but first if youre new here welcome to the show guys my name is Jacob gabbard and this is invest with Jacob where we use Elliott wave theory to break down the S P 500 and the NASDAQ I highly encourage you to hit that subscribe button down below so that you can get our daily s p updates our trade setups and our buy alerts all right guys with the rally today it does change a little bit of what were looking at so lets jump into the chart and take a look
