Check this out team t qqq is testing 25 a share, so it looks like we're still experiencing that slight resistance level not really able to break above it. If we go on that four hour time frame uh, we could see uh t qqq now beginning to trade. Above the ema line, which is a step in the right direction, it's not the end-all be-all again. Tomorrow.

We still have that uh jerome powell speech in front of the u.s senate and then on thursday. We have jerome powell speak in front of the u.s uh, the u.s house of representatives, so please make sure that you guys are aware of that. We are still in a consistent descending pattern. I just had a talk with my learn plan profit group about reminding them that again, one or two or three green days does not determine that the market is now beginning to recover.

The reason that i'm making this video is first off. Congratulations. I mean markets up. Nearly 10 on the day, i feel like that's something to kind of congratulate yourself about, especially for all those that decided to buy the dip.

If you're part of my learn plan profit group, you know exactly what it is that i'm talking about when the market sold off due to the cpi data report, we talked about reducing our position size before that report. Once they came out again, it was kind of you know, iffy about buying the dip, because the market continued to bleed. So, instead of predicting the future, we just allowed it to bleed, but once it began to actually establish signs of a support level began to be very easy to understand that. Okay, i don't mind taking a small position here and then yesterday and today, when i'm sorry friday and today when i began to indicate signs of an uptrend uh, it became a little bit more reassuring that you know i can add more to this position as it's Making me money and then now today right.

I still think that the market has some room for it to move up, but the only reason i'm talking about uh, potentially reducing your position size is. We have a really strong resistance level at 25 and the reason why is, i think, based off of previous resistance levels, we're retesting that and then, on top of that we have those uh two speeches by jay pal, both tomorrow and on thursday. I think it's something that can influence the market. Do i really think that it will? No, i really don't think nothing.

New uh will be said, but just in case again the market's been bearish for five and a half months. This is not a time, in my opinion, to be super aggressive and while everyone else might encourage you to get super hyped up, and congratulations yes on your green days, but i'd like to keep you very level-headed and to remind yourself that again, there's so much upside Margin that we have to work with, we don't have to take a super aggressive approach right now, when we're still in that bearish market territory. The last thing that i do want to share with you is: i can use uh spy as a little bit more of an example. The reason why is the market aggressively sold off after we surpassed that 20 mark for those that don't know what i'm talking about? Um, a a common variable or factor that a lot of analysts look at when we're when we're going into a bear.

Market uh is looking at previous highs. This is the s p, 500 etf and then, when we drop over 20 from previous all-time highs. And if we look at that and then where we're at right now when we did drop below that 20 mark, there was a new wave of selling pressure because we dropped below that 20 mark now, what happens if we break back above that 20 mark well, that Means that we're no longer supposedly in this technical bear market, and this is why i'm bringing it up we're getting really close to that 20 mark from previous highs to our current price point so make sure that you're aware of that 20 mark, because if we're getting Close to it, yes, it can act as a resistance level, but if we break above it there could be a nice little breakout and a nice little rally that might be short-lived. But again, i just want you to be aware of these different variables that have caused the market to sell off when it broke below, but can definitely cause the market to break out if it breaks above so just wanted to update you.

Guys today is a super short super sweet video, i'm very happy with how today has played on out uh 35k on the day and i'm getting ready to lock in profits and reduce my position size i'm going to go from. This is probably one of the most aggressive positions that i've had on tkq. I don't think any of you guys have ever seen me have over 16 000 shares of tkq, but i'm probably going to reduce my position. Size back to uh 6 500 shares so i'll, be selling about 10 000 shares.

If this thing begins to indicate signs of a reversal, i want to allow it to run as there's no break of pattern, but as soon as this thing begins to pull on back, i'm just going to go back to my 6 500 shares that i'm very happy To hold again just because i decide to hold does not mean that you need to. I will never be like other people that encourage you, because they're invested that you should be invested yourself. My thing is, i want to encourage you to look out for your future self, so make sure that whatever position you put yourself in regardless of how conservative or how aggressive that it's something that you can tolerate, not just based off of best case scenario but worst Case scenario: if you're not taking risk management into consideration, then you're simply preparing yourself to fail. So i wish you guys nothing, but the best i'd love for you guys to join us for uh the live stream for jerome powell's speech tomorrow.

If you guys want to tune on in and watch me trade live, i'm going to be doing it exclusively with my learn plan profit group, and that's going to be that second link down below so make sure you take one minute and learn a little bit more About it and see if you can join us tomorrow for our live training session, i appreciate you guys time hope that i earned your thumbs up. Let's stay connected, everything is in the description and, like always, let's make sure that we end the year on a green. Now take it easy team.