Bulls are getting slaughtered day after day after day. and if you focus on one thing on this one thing, it literally makes it super clear what's going on guys. it's Ricky I Hope that you learned something new. I'll keep today's video super short and sweet and if you do, please make sure that you drop a thumbs up and subscribe.

I'm not here to trigger anyone. If you get offended. it's probably because you're losing money and that's not my problem. Again, it's very simple.

This is: QQQ This is the NASDAQ ETF NASDAQ Market is selling off. You want to complain about it? It really doesn't matter because it won't change anything. NASDAQ Market was rallying all of 2023. no one was complaining.

It was extremely overbought. No one was complaining. We continue to talk about how overbought it was, yet no one prepared right? The only people that freak out when the market pulls back are those that did not prepare right. As of right now looking at this on the 30 minute time frame.

Check this out. Ever since we actually began to trade below this moving average which is this little green line, it's super super simple. Why over complicate your trading right? If you want to be a bull, that's up to you again, All best wishes to you as of right now. Every time that we go back to retest this moving average: Rejection Rejection.

Rejection Rejection. Rejection It doesn't matter every single time. Even today, pre-market we continue and continue to get rejected. When looking at the five minute time frame, it's even getting that close right? Rejection Rejection Rejection.

Rejection. And now we're extremely oversold. That's oversold Mean that it now has to recover. Heck no.

it doesn't mean that it does. It means that it can, right? Just like anything can happen. But as of right now, we could continue to sell off. I Mean look how amazing 2023 has been! This is such a slight pullback in the grand scheme of things, which means that the Bears have so much more territory to cover based off of potential selling pressure.

Now you might be asking why exactly is the market selling off? It's literally super simple. Well, the Federal Reserve announced their Fomc Fed minutes. This gave us a better understanding on why the Federal Reserve raised interest rate on the previous rate hike and also who voted for what and what their sentiment was for the up and coming Fomc rate hikes. And it sounds like they're very hawkish, Which means that they have intentions.

Majority of federal Fed officials have the intention to potentially continue to raise interest rates if they continue to raise interest rates. This means that it will make it more expensive for people like you and I to borrow money, therefore spending less money. Therefore, Contracting our economy. And that is why the market is selling off.

There was nothing significant that was announced yesterday. There was nothing significant I'm sorry there's nothing significant that was announced today, nor was it announced for any economic report tomorrow. As of right now, it's literally super simple. We are getting rejected by the moving average on the 30 minute time frame.

This is for Nasdaq right, lower highs and lower lows. And yes, it's nice when it maybe does rip up. But guess what if we continue to get rejected on this moving average that it means absolutely nothing. And it's simply a higher low for bear.

For people that are in Sqq to be able to buy and continue to make more money. I mean some of our Lpp Traders Today made and had some of their biggest days and that's because they focus on one thing and that is Market Direction No one should ever be telling you where to buy or where to sell. If you can't determine that yourself, then you simply are not ready nor disciplined enough to actually trade. Stop over complicating your trading and focus on one specific thing and that's price action.

And Direction allow the current to be with you instead of trying to fight it and going against you. Keep your trading. Temple And again, this is something that I test and challenge every single morning during my live training session with the LPB team. I Work with them and only them.

And if you want to be able to watch me trade live as soon as tomorrow, remember it's the second link in the description down below. It's a one-time payment lifetime access and right now it's 175 off. You don't have to join, but if you're tired of missing out and you're really struggling with this Market We love to keep it simple, right? and we don't over complicated. There's no crazy bells and whistles or call outs or anything like that.

It's just working with our team and focusing on one thing and that's Market Direction and waiting for that proper confirmation instead of over. You know, over complicating it. So I Really do appreciate you guys time I Hope that we're in a thumbs up I'll see you tomorrow for our live trading session again! The second link in the description down below and for those that are into office art, check this out! We just dropped one of our new pieces. It's called the Emergency Cash Shadow Box and again, it's now available at Shoptechbutts.com which is the fourth Link in the description down below.

If you want to pick it up like always, let's make sure that we end the year on a green note. Take it easy, team.