Is about to be released in less than one minute. 30 seconds until this report actually comes out I Hope that you guys, um, are ready for the market to react to this FOC Miniature Port Uh, in my past experience, uh, it shouldn't be anything too crazy. But again, one of the things that we always say is don't put yourself in a position in which you cannot tolerate so uh, NASDAQ Market down about point six five percent. This is all before the report actually comes out.

Let's wait and see and again in 10 seconds Fomc moods report is about to be released. Let's see which way we go. So got three, two one here. we go see which way the market goes.

Are we gonna go for a pause? Are we going to react in a positive or negative way? Here it goes. trying to indicate signs of a bullish reaction. We'll see if it actually follows through or actually gets rejected and breaks below that. EMA line Okay, Market's still trying to react.

Here it goes. No signs of progress yet on QQQ I See no reason to want to jump into anything. Remember if direction is unclear I prefer to stay away from the position itself. Let's go.

let's go. What's going on? I'll be here. What's up? Mike Thank you guys again for tuning on in. I Hope that I earned your thumbs up in this video and maybe you can consider dropping a um, dropping a thumbs up or and or subscribing right if you feel like we earned it.

so not much of a reaction again. Uh, normally it isn't but sometimes it does take a little bit for the market to uh, get everything synced in because remember a lot of this are computers and Bots that are being put in place and they go based off of specific parameters that both you and I do not understand and why predict when we can just simply prepare right? Why try to predict when you can react SO waiting to see if we continue to hold above the EMA or if we actually break below and it looks like we are pulling back showing slight signs of a resistance here on QQQ Uh, how do I subscribe? You should be subscribed if I could see your message in the live chat. So if I could see uh, your message in the live chat, you should be able. uh, you should be subscribed because it's normal only people that are subscribed to the channel um to the YouTube channel whose messages I can see.

so uh, what's been on Anthony what's up, what's up I can see you Texas in the house what's going on Jonathan Thank you again for tuning on in I Really do appreciate it I Hope that you guys! Um, honestly, if we can make the most out of this little live stream, it shouldn't be too long. 10 15 minutes. Let's have some fun and see if I can make some money. A quick outlook on SPX 500 I'll take a look in just a little bit.

Give me a second, We'll just have an Uh open trade right now. Thank you for hosting Ricky Of course Rowdy Roddy I Like that username All right. Watch for the break below. watch for the break of pattern you guys still testing Ricky are the GTR is mine Ricky All right.

sounds good Gary I Like that attitude. All right. we're pulling on back testing EMA as a potential support. Let's see if we break below it.

Be careful here. I Gotta be careful. I'm not expecting much from the Uh from today's Fomc. I'm not either.

That's not necessarily what I'm too worried about. Um, it's just Market likes to factor things in. and ultimately, right, if you're an investor and stuff like that, you're right today. Again, even if the market does move a little bit, it's just the intraday movement, right? It's just one day.

But for day Traders right? the volatility is what we go off of. so that's why I see value in it and I don't know if you guys also saw the news. I Got an update that here goes: break below, break below and there it goes. We got our first sell signal breaking below that super.

Trend Let's see if we actually close below that super trend. Uh, but yep, it is looking like we're pulling on back just a little bit right now. Let's see if we get those lower lows. Gutierrez Part Two for OPP Members One seven, What's going on Man, happy to have you here understand.

All right? Uh Ricky When does the meeting start? So again I said it in today's earlier video I Think that's what people have confused. Uh, it's not an actual meeting. No one is speaking right. It's an Fomc Minutes report.

Uh, which is. just remember, when they have an Fomc meeting, that's when Jerome Powell speaks And that's when they announce an interest rate hike or a pause or a a cut. right? That's when they announce it. This is a follow-up I don't know how to explain it in Warrior ways that like we can all understand, but the easiest way that I could explain it.

The Fomc minutes report is literally just a summary, which is weird, but it's just a summary. Kind of like a recap of how they came up with the decision last Fomc meeting to only raise interest rates 0.25 Just imagine. Yeah, it's literally just the recap. Just imagine if I were to run a poll right now on this live chat, right? and I were to ask you, do you think the market is bullish or bearish and then at the end of it, there's going to be a result.

And most likely you know either a majority are going to say bullish or a majority are going to say bearish. That's going to be what we report. That's the Fomc report, right? That's the Fomc meeting And then we talk about okay. majority people think that the Market's bullish.

That's what majority people think. But we don't get a breakdown on. let's say that we all were board members, right? This Fomc minutes report breaks it down per member of the Central Bank of who voted for what where a majority of people in favor for raising rates were some people already in favor for not raising rates. That's the breakdown.

Um, it's pretty much literally just a breakdown of what they discussed in the meeting I Like to call it kind of like a summary or a recap of the previous Fomc meeting. That's why FMC minutes normally are not too important, but the reason that they're a little bit more important right now in my eyes is because or potentially based off of what the market is saying. Um, potentially going to pause with these rate hikes. And if that's the case, then it is a little bit more important because if we still don't know if we're going to 100 pause rate hikes in the month of June which is next month, right? So this is just going to provide us a little bit more feedback of, you know, does the Central Bank want to pause? Do they not? Do you get what I mean? Um, but yeah, so it's at 2 p.m eastern time.

Um, which is 11 A.M Mountain Standard Time Uh here in Arizona So um yeah, we're all into different time zones I Normally just go off of eastern time because that's what everyone knows so a lot of people don't know Arizona's time and I get it right? I wouldn't either. Thanks. All right. Still testing that same resistant.

No signs of progress yet. We gapped up to three, three, one five two which means Sqq dropped to lows of 26.72 but that's still pretty far from where we opened today. and the lows that we hit right at Market open. That means for Tqq, um, we hit highs of 30 30 which is nice.

But again, we're still testing to see if we can hold above the EMA and continue the progress. On the upside, or is this going to be the resistance where we end up getting rejected right? Are we gonna? Is this gonna be a fake out? Because we still have uh, the Moving Average as a potential resistance? Where? to me, it's just a little concerning, right? Uh, so Ricky what are you watching? Uh when you are making entries on days like today? So what? I'm personally looking for and again, my Lpp team got to see it happen today. Um I waited for confirmation I really did try to wait where I was looking at the NASDAQ Market I didn't want to jump in early and I waited for the break above the moving average I jumped in originally and as you can see I got faked out. They saw me take that loss I managed risks right away I went back to retest its support.

It started indicating signs of nub. Trend I went back in and began selling off I cut losses right? So two trades, two bad trades and then what I began to do is I wanted to be a little bit more selective. so I went on the five minute time frame and I didn't actually take a trade until I want to say uh, probably 30 45 minutes ago. Uh, when we I finally broke above the five minute EMA I was therefore being a little bit more patient.

Remember, my job is not to avoid risk as a Trader For me, my job is to manage risk right and I made mistakes today, but just like yesterday, I did pretty well. All right. I walked away with 14k today. We definitely took a hit right now, but we'll see if we can make it happen.

Give me one quick second. Hey, what's going on man. I'm live right now do you need me right now? I saw that I got an email okay I will bye sorry about that. All right.

I Do want to share the link with you guys so you guys all have access to it. Um, it's just a really, really, really long letter. I'm going to share it with you guys then. Okay, so this is the letter I have it here on my second screen I'm going to pop it up here.

This is officially from the Federal Reserve.gov website. Um, one of the things that I always want to encourage you guys to do is to be self-sufficient so you don't have to depend on anyone. It's one of the things that I try to preach to our Lpp members. People think that oh, you know when I sign up, Are you going to tell me what to do every step of the way? Heck no, right? No one should be holding your hand as you're learning how to do something.

You should learn how to be a problem solver, right? You should be aware of the different websites in which you can utilize that are sharing this kind of information. And this is the Federal Reserve.gov So if you ever want to stay up to date with these FMC minutes, the FMC meetings the schedule of the Federal Reserve This is the website that you possibly want to save, right? if it's something that you actually want to be familiar with. So as of right now QQQ testing previous support, it looks like we're still showing progress on the downside and it looks like we might actually break the support and head right back down to the moving average, which again, there's just a lot of selling pressure. If you look at this on the one hour time frame, you can see that we made that retracement all the way back down to that moving average.

But if you go on the four hour time frame, you know people are asking Ricky Is this the bottom of the market? First off, I can't predict the future? I'm sorry I don't have a crystal ball, but we are testing support at that EMA right? So we could potentially break below the support, head right back down to the moving average, Or we could find a support here and finally begin to make signs of recovery right. Looking at previous patterns, it looks like we normally hold pretty well above the moving average, but even sometimes we do break below it. So one of the things I'm doing is, you know, I'm not afraid to take, uh, advantage of a long position. But remember, don't put yourself in a position in which you cannot tolerate.

So if you think that it's still a little bit too early, don't over complicate it, right? Why are you in such a rush to jump into something when you don't need to be right? So stay patient, follow your plan, and just make sure that you don't put yourself in a position that you can't manage. So what's the moving average? Ricky My moving average that I have set up is at 200. Remember, this is my moving average. It's not something that you have to have set up, it's just my preference.

And I explain it in a little bit more detail in the LPB So so hey, Ricky what do you think is the best putting stop loss based off of price action based off your Camp size and risk management I think as long as you're doing something to mitigate risk um that you're I mean I I wish when I first got started um, someone would have just preached risk management. That's why when you go through Lpp I mean people love to ask like Ricky do I need Lpp to learn how to trade? Heck no I mean you do not and I'll be completely open with you guys. I've said it many times, but there's a reason that our biggest section in Lpp is risk management because making money is one part. but keeping it is a completely different challenge, right? and I know I'm just speaking from my experience, but I know a lot of you guys can relate.

Um, and when it comes down to setting a stop loss, it all In my opinion, it all comes down to um, your risk to reward ratio, right? You always want to make sure that I always want to make sure that the opportunities I choose to take advantage of my upside outweighs my downside risk and there's always going to be down. Tetris Remember I don't try to avoid risk I try to manage it and with that being said, I just I try to the best of my ability and I am in no way perfect I mean again, even like today I made two bad trades in front of my Lpp team. but that is the value that I provide. It's I show both my green days and I show also my redshirts.

Um, and why paint the picture that oh you know I'm perfect and everything that I do. Heck no. I take a lot of losses, right? And that's just part of the experiences. Imagine not taking loss or struggling in life.

It wouldn't be something that felt fulfilling when you overcome challenges right? And I think that says a lot. So all I could ever encourage a beginner to do is you know if you're going to take a trade, always take risk management into consideration and have some form of risk management in place. It doesn't matter I mean as time goes on, you're gonna make it. Uh, you know these these micro adjustments.

Sometimes you're going to want to follow a little bit closer, sometimes you're going to want to follow a little bit more at a distance. But these are adjustments that only you can decide right? That based off of what you trade and how you trade, you make these micro adjustments. But Ultimately I Think what matters most is that you have those that risk management in place. That's more important to me than not having anything at all.

So Ricky Why don't I see the super trend on my Weeble First, please do not spam in the live chat. It's just rude to everyone else that is in here. uh second? um I don't know I I don't know why? Uh, it's not popping up on yours so you can go under indicators. This is how I added mine I Click edit indicators and you can either search for it or I mean for me, it's literally right here.

You might have to update so you have to close out your Weeble and then you might have to update it when you open it, it's going to provide you an update. Uh Weibull literally has new updates every I Want to say almost every two weeks. A lot of people hate it in my opinion and again, it's just my opinion. I Love it! I Feel like Weeble is really trying to continue to innovate their platform and staying on top of the newest and the latest are they the best? It's up to you to decide in my opinion.

I Use it every day both the mobile application and the desktop. I Think it's one of the best looking I Think it's one of the easier ones to use and it's what Lpp is built around, right? You don't have to use it, but if you did want to, you could download Weeble and it's free and available to everyone in the US and it's the fifth Link in the description down below. They do have a sign up bonus that if you use my link, you'll earn up to 12 free shares when you deposit five dollars, your initial deposit does have to be five dollars. That's for Weeble and that's if you want to.

But again, that's the platform that I use. And um, yeah, I really do enjoy it Ricky What happens at the debt ceiling deal rejected and gets rejected and the U.S defaults? I've never experienced anything like that, but based off of Articles I've read. Just to summarize it, it says that the stock market could crash 45, that it could potentially be worse than 2008, and that it will make treasury bonds, which are considered some of the safest forms of investment. It will shape them up right.

it will. What was the phrase that was used? Uh, it will showcase the instability in one of the safest assets known as the treasury bond. Something like that. I Don't know what it was.

Um, but according to what I've read about both sides, the US default team is not an option. So I think that they're really going to try based off of again what I've read from Yahoo Finance and all these different platforms, it's just going to really come down to the wire. So I think they have until June 1st until they run out of money. But again, for those that don't understand it is the what's it called Congress that has to increase the limit.

So the way that I could explain it that's easiest is imagine you have a credit card, right? Imagine you have a credit card, limit. Um, and right now I think we're at 37 trillion dollars in debt. Um, imagine having a credit card with 37 trillion dollars, right? But then you need more money to continue to run your operation or run your business. Um, you have to request an approval.

that approval is from Congress and Congress is made up of Republicans and Democrats and Republicans and Democrats are using this as a way to negotiate. Be like, yeah, we'll raise the debt limit, but you have to meet these demands. Uh, that's what. I've heard that Um, you know.

Congressman McCarthy right representing the Republican side of California Um, something like that, right? actually. I don't know if he's from California but he's uh, definitely negotiating with Uh, President Biden and um, yeah. I've heard both sides. I've heard good things about one side.

I've heard good things about the other side. I've heard bad things about one side, bad things about the other. I'm not here to convince you that one side is better than the other. I Think that we can all agree that it's all pretty messed up.

Uh, it's always people like you and I that end up having to pay the price for their decisions and that's just kind of the world that we live in. Um, yeah, but we'll see right. how is the US going to pay the debt back again? That's that's not something for me to answer. I I Would love to have a straightforward answer for you, but it's just not something that I'm here to do.

Don't they have to come to a decision today to avoid defaulting on the first? Uh, I did not hear that. but I know that they have a meeting today. So um, that could be good news or bad news, right? Because I would automatically assume that if they come up with a decision and a solution to raise that limit, that the market would naturally react in a positive way. But remember, it's what is negotiated.

That could also influence how the market reacts. If it's good or bad, right? so it should be fun. Uh, trust me, we'll know. When they come up with a decision, markets will react no question about it, what it will be good.

Will it be bad? I don't know, right? I'm not here to pretend that I I know exactly what's going to happen. but all I know is I'm I'm excited and I'm ready to to do it. So we have about 1900 of you guys here. I Just want to say thank you guys again for taking time out of your Wednesday uh to join me here.

Um I hope that I earn your thumbs up Um I hope that you guys can subscribe and again one thing that I do want to share with you is I'm going to share this FMC minutes meeting I'm going to pin it in the live chat just so you guys all have access to it. so if you want to take time and read it again, that's why I wanted to host this live stream to be able to provide that and be a value for you guys. For those that maybe are a little bit newer and remember I do want to remind you you do not have to but I do want to remind you that this: Friday I'm going to be hosting a free live trading session where I'm going to be giving away a thousand dollars. We've given away three thousand dollars so far already.

So this was on May 5th, May 12th, and May 19th. Remember, the only people that can partake in the 1 000 giveaway are part of Lpp, so anyone can tune on into the free live trading and you can save your spot. It's the first Link in the description down below so you can save your free spot just so you can get a taste of what it's like to watch me trade live. But if you want to be in the running for the 1 000 giveaway, you do have to be a part of Lpp, right? And the second link in the description down below is the biggest discount that we offer.

It's 175 off. It's a one-time payment, lifetime access and you get to watch me trade live every day. Remember, we do not have call outs. We do not tell you where to buy or where to sell.

The idea is for you just to be able to watch me trade live every single morning. You see my good days, you see my bad days, and on top of that, you get 10 000 automatic entries for the GTR giveaway. So you get the biggest discount. You get access to my daily live trading session.

It's a one-time payment, lifetime access and just for the cherry on top, there's 12 days left on our GTR giveaway and you get entered 12. I'm sorry, not 12 000 times you get entered 10 000 times. So again, that's that second link in the description down below. If you want to join, you'll automatically be entered for the 1 000 giveaway.

You just have to show up on Friday and join us in that live chat. So uh, yeah. so what are your thoughts on Nvidia's earnings today after market? I Have no thoughts I Am waiting to see how the market reacts based off of how the market was trading today. looks like Nvidia I mean Novideos has been a very strong performance doc.

It has nearly made a full recovery based off of previous all-time highs. Um, this is sometimes a good thing or a bad thing. Um, the reason why is because sometimes because of its very strong performance, it needs to outperform its expectation to continue this run. But also, um, it has so much momentum that maybe it'll just continue to take off because it has so much bullish momentum.

So I don't know? Uh. nonetheless, I'm very excited to wait till after the market closes to see how the market reacts to the actual Uh Nvidia earnings right? Um, we say it all the time. Our job is not to predict. Our job is to prepare I get burned so many more times trying to predict something instead of just reacting.

So let's see. Can you give me your thoughts on spy? They'd be very similar to NASDAQ Spy, which is the S P 500 ETF Again, this is just my opinion. Uh, but as you can see where we're tracing back to that moving average, we normally find a support here, but obviously not always so. I would say that we're at a critical point.

I would like to wait for confirmation of a reversal, but we'll wait and see if we continue to see progress. On the downside, then obviously it's going to be a sign that we broke that support. but if we consolidate here showing signs of a support, then again, that's when I can wait for that confirmation of that reversal. Just like we're talking about in Lpp, the three stages of a reversal.

So critical point: right now, it's too early to tell. Let's set those alerts and then I can follow up with it once opportunity becomes a little bit more clear. So uh, how long does it take for the market to react I don't know what you're asking about Market already reacted to FMC minutes. so um, it didn't seem good.

It didn't seem bad for kind of. what would you guys say? We're kind of, um, within the same price range, right? So not much going on right now if defaults? yeah? I I Can't tell you I mean if the market defaults, you and you and I are going to have much bigger problems and what my little position in Sqs or Tqs is doing, you know what I mean it's I Really hope that they can step up to the plate and do and try to do what's best I Really hope that that's what they're doing right. Republicans I Posted about this yesterday on my Instagram I don't know if you guys saw it if you guys don't follow me on Instagram um I think it's the third link in the description down below I'm verified on Instagram and friendly reminder that is my only Instagram account. All the other ones are fake I will never message you asking for money I will never message you to manage money for you I trade for no one.

There's a bunch of fake accounts that are very clever and the way that they reach out to you trying to pretend to be me I offer one thing and one thing only and that's just to watch me trade live and remember that's that second link in the description down below. So just a heads up. I Want to make sure that you're aware of that? but yesterday I posted a video uh, talking about the US debt. What happens if it defaults all that good stuff.

What the Republicans are asking for, What the Democrats are asking for and people get really offended both I can see the people get offended on the Democratic side I See people get offended on the Republican side? Um I Want to remind you like I am in no way here to convince you I mean that's the whole point of America right? You might be a Democrat I might be Whatever it is that I am based off of the position that we are in life. We're going to have our own beliefs and that's what we're entitled to, right? You might have an opinion on what you think is better for the world or for your people. I might have an opinion on what I think is better for my people and and the position that I'm in, right? Um, that is I thought. What makes a democracy? Uh, pretty great, right? We each have our own opinions and yes, we're obviously going to vote for people that are in our best interests.

So um, yeah. I Just think that all I actually want is um, for them to come up with a decision sooner than later. I Think that we can all agree on that So uh, the US default team definitely would not be a good thing. Um, but excited to follow up And there you go.

some active sell-off Watch the break below the moving average. All right, and we're almost at that 30 minute. Mark I Didn't expect to go live I Thought I was going to go live for about Um for about 15 minutes but I have to head on over to the office. So thank you for all that you do, man appreciate.

Um, please talk about Ch SC Schd I Have no idea what that is. Oh, it's an ETF A lot of consolidation. Yeah I mean to me, there's no signs of continuous progress. Yes, we are oversold, but you know it hits a resistance at 79.

if this is something that you want to trade, it's up to you. Um I like to focus more on things that show signs of consistent growth. This is kind of just a lot of consolidation and um I just doesn't meet my criteria. But just because it doesn't meet mine, doesn't mean that he can't meet yours, right? All right, thank you for checking in Ricky Of course Jake I Appreciate you stopping by as well.

So Lpp morning and now this one can't be thankful enough. I appreciate that. David Um I really do so? So Ricky the Open non-lpp chat is, uh, absolutely well. Do you plan to get in moderators? now? It's just really hard.

uh, right. Just like anything when it's free. Um, it's open to the public and there's just a lot of people that it's just a mess, right? It's chaos and people have often asked it's like what's one of the values of uh, being a part of like Lpp which is a private group and it's you know? Well, there's a paywall and you would hope that people that pay to be a part of something take it more serious and not the quality of information being shared with and that is of those that are being more serious right? So we'll do our best to try to filter out any spam. and Trolls but um, I can only do so much within a a free and open chat room.

but uh, Ricky how long have you been trading? Do you are you open? Do you do futures or options? I Do not trade futures or options I Do not. Nope, Um, all right. Well I Really do appreciate you guys time. Hope that we're into thumbs up again.

Do not forget to save your free spot for the free live trading and the 1 000 giveaway this Friday uh it's gonna be on May 26th this Friday right at Market open. You can save your free spot so you don't miss it and that's going to be the first link in the description down below. Yep, don't forget if you want to partake in the 1 000 giveaway you do have to be a part of Lpp. and that is that second link in the description down below and you can watch me trade live as soon as tomorrow.

I Appreciate your time. Hope that weren't a thumbs up. And like always, let's make sure that we're in the year.