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now when we jump into the charts we had a little bit of a plot twist because weve been edging down over the past three to five days and then it started to happen Tech earnings roll in we have the bad news around Banks and overall the story seems to have been does anything really matter if tech keeps smashing now when we look at trading equities in stocks S P 500 the NASDAQ whatever youre trying to trade options whatever right theres three levels weve been watching I say it in every video Ive said it for the past two or three weeks youre watching three levels 13-1 on NASDAQ 13-2 and then 1295 here on the NASDAQ why are we watching these levels because these are the most important levels and the range that youve been trading now to get bearish to really really want to enter place what do you have to happen right what has to happen for us to want to go short on cues or wanting to go short on spy you gotta get below these levels 1295 and we can see whats happening at this level so