So my job here on youtube is to explain what i do and why i do it. I'm not a hundred percent right, all the time believe it or not, i'm not a perfect trader right. I make mistakes literally. That was a joke, obviously um, but the reason i'm making this video is i'd like to prepare in advance before something actually happens.

Why would anyone want to take action when something is actually happening or try to make a plan then right? Well, at that point, it's called panic selling right you're, going to make an impulsive decision based off of the position that you put yourself in. I want to explain to you in a very simple way why i'm looking out for sqq on the 15 minute time frame and why i think it's about to go up and the nasdaq market is about to drop. So just hear me out. I hope that you learned something new if you want to share your opinion or respect it share that down in the comment section, and we can go back and forth right on the 15 minute time frame for the past three days.

The nasdaq market also tqqq has been trading sideways. We have not been able to make new highs and we're still at that same support level of 53.50, meaning that and - and why is that of importance to me? Well, if we look at the past performance for tqkq, it's previously bearish, it's coming from a two and a half month, sell-off the past seven days, seven to eight days the market's been trying to rally, but for the past three days and it's much easier to see On the 15-minute time frame, you can see that the market's been trading sideways. So let me ask you this and you answer it right. If the market's been selling off for two and a half months and then out of nowhere rightfully so the market begins to recover.

For about seven to eight days, it's an amazing recovery. It really is about 38 to 40 percent gain on tkq right, so we gapped up a lot and then for the last three days, we've been trading sideways, so we have a previous bear market for two and a half months. We rally for six to eight days. We trade sideways what tends to happen when you begin to trade sideways after previously being bearish well, if we're not able to break above that resistance right, if there's not enough buying pressure, then guess what obviously we're going to see a change of direction and most likely Resorting back to what we were previously doing and that's selling off that's my concern.

That's why i'm making this video, not because, oh my god, i'm right all the time! It's not about that! I just don't want you to have to make an informed decision or try to at the moment that you begin to see oh shoot. The market is pulling back. So why not plan for it? Now, because i know most people don't. I know most people as they're.

Just getting started all they plan for is to make money. That's the easy part. You know my little nephew can can make money by putting money in a stock and getting lucky. It's not that and sell when it's overbought there's nothing special about that.

But it's when things go south that you really begin to challenge yourself as a trader and i think that's best done in advance. It's not that the market has to sell off. But it's that when it begins to trade sideways when things become of concern, why not? Prep now so what i'm looking for is and i'll actually go on the ix ic, which is the actual nasdaq index. It's a little bit easier to see.

In my opinion, i think uh, but, as you guys can see for the past three days, we've had that same support level. We've not been able to make new highs now we're trading below the moving average and we're trading below the ema. It would be amazing to see the nasdaq begin to recover, but, let's be honest, there's no positive news, probably no positive factor. That's actually going to cause that to happen, but as long as things get don't get worse, that's really the biggest thing.

As long as things don't get worse, then we should potentially see a potential push, but the reason i'm making this video is not if we receive a push, but it's if we actually break below thirteen thousand nine hundred on the nasdaq index. If we break below that, then again we break below our support and we're headed right back down to the previous retracement and on tqkq and sqk. It's much easier to see. So if we go on the one hour time frame and when we have a nice little gap from where we previously began to recover right, so looking at lows of 38.92 to overall highs of 56, look at that that's 44 gain in a week.

That's absolutely amazing! That's that's great, it's great to see what can happen in a nice little bull run, but just like any opportunity when the market rallies and if it begins to consolidate, then sometimes we do see a correction. My job here on youtube is to look out for beginner traders, not just for the best case scenario, but in case things do go south. I want to remind you that it's best to prepare now and not at the time of when things might be too light right. So i appreciate you guys time.

Let me know in the comment section what you guys think this is just the concept that we talked about uh today in our live training session. I'd love to have you join us for tomorrow's live training session. If you've ever wanted to be able to watch me trade live again. I share my thought process.

I answer your questions and then you can see my entries and my exits depending on the trades that i take. That is that second link down below, if you want to learn a little bit more about the learn plan, profit group and to see if it's a good fit for you friendly reminder. We did just do a full restock on the number one trading mouse pad, which is the extra extra large trading mousepad. It's absolutely huge.

It takes my entire desk, so if you are looking for a desk pad, especially for your trading setup head on over to shop, techbuds.com or click, the fourth link down below use, promo code, hustle and you'll actually get 15 off your first purchase. I appreciate you guys time. I hope that i earned your thumbs up. Please consider subscribing and, like always, let's make sure that we end the year on our green now.

Take it easy team.