It's not click bait. Let me explain to you on why I Sold both my Tqs and my Sq's position due to uncertainty right now with the overall Market What's going on guys, It's Ricky Here with Techbook Solutions Here with a super quick stock market update Just sharing with you my thought process behind my trades today. Let me go ahead and start sharing my screen 5200 on the day on S Kiki Q and we have 17 527 on Tqq. obviously with NASDAQ bouncing off of the moving average just like we explained in today's earlier video during my live session today, my team always likes to ask me what is my focus, not that my focus is always correct, but what's my focus uh, for the day and I Like to look at different time frames to get different perspectives for the overall market and what and maybe which direction the market might be going right at the end of the day.

It doesn't matter about my opinion, direction is ultimately what's most important to me, right? NASDAQ Which is QQQ Previously has shown the pattern and the history to bounce and respect this moving average which is this little green line that you see here. As you can see, it was retracing back to this moving average. Yesterday during today's pre-market session, we were testing this moving average as a potential support zone right? this ascending support Zone and just like clockwork, it held above the moving average. It then on the closer time frames began to actually show signs of higher highs and higher lows.

And that's when we began to step on the gas. There were periods when it became very overbought and I announced to my learntime profit team on that hey, we're not showing signs of progress no longer with NASDAQ I'm going to liquidate and lock in my profits on Tqq and I'm going to go into Sqq I played it say if I locked in profits on Sqs I made them aware of what my intentions were every step of the way and again. This is the beautiful thing about the market is by being able to take a further step back right. I could see this specific pattern, this reversal forming on the one hour time frame and when looking at the closer time frames, I can also see that we are approaching a previous resistance range meaning an overbought level where it tends to find and struggle to break above and as we can see for Nasdaq Market Based off of previous patterns, we have shown signs of a resistance here before.

So when asking the question, why did I decide to sell both Tqs and Sqs, does this mean that you should do the same? No right, You should never copy anyone else when it comes down to trading. I'm just here to share my thought process with you and you let me know in the comment section if you agree I sold both sides of my trades because I'm uncertain of what the Market's going to do and if I don't know if it's going to continue to go up or if it's going to actually begin to pull back, then at that point, any open position that I have is a position that's open to risk. And one thing that I'm trying to get better at is not exposing myself to risk that I simply cannot tolerate or that I could potentially avoid to put myself in a less risky position. And that's it.

There's no reason to over complicate it, There's no other emotion behind it I'm uncertain and anytime that I'm uncertain. Like we've said, when in doubt, cash out right? a little bit different of an approach. I Do want to remind you that according to my economic reports, there are no economic reports that are set to be released tomorrow. Friday June 9th I will be trading live with the Lpp team right at Market open.

It will be private and exclusive just to our Lpp team. So if you want to watch me trade live as soon as tomorrow, that's going to be the second link in the description down below. I Do not have anything on the Federal Reserve's calendar that is to take place tomorrow being Friday June at 9th. Let me know in the comment section if I'm mistaken all I have to take place next week is of course, on the 13th we have the CPI data report, which is probably one of the most important economic reports that is set to be released and that is going to be one hour before the Market opens.

on Tuesday I will be live streaming it for free on my YouTube channel. All I ask you is to subscribe, drop a thumbs up and turn on your post notifications. If not, YouTube will not know, notify you and then on Wednesday of next week. One day after that CPI data report, we have the Fomc meeting.

This is when the Federal Reserve announces a rate hike, a rate pause, or a rate cut. This will be huge for the overall Market Because this could be the first potential rate pause in a while, which could mean this could be the very start of a potential Federal Reserve pivot. But of course no one knows exactly what's going to happen and this is why, instead of trying to predict, we prepare by preparing to react right. If you guys have any questions about what we talked about today, feel free to send me a direct message via Discord or via Instagram which is the first or third link in the description down below.

and again, if you want to watch me trade live as soon as tomorrow, that's going to be that second link in the description down below and I'll see you tomorrow at Market open. I Appreciate your time and like always, let's make sure that we're in the year on our green now. take it easy team!.