So here are the latest updates on the U.S Debt Celine deal. What's going on guys? It's Ricky here with techbook Solutions And for those that are unaware, they still need to vote and it needs to be passed by Senate for this limit to actually be increased so the the fight is not over. And based off of what I'm reading, it sounds like both Democrats and Republicans are not fond of this agreement. There's a lot of people that are sharing and openly speaking about how they don't agree with McCarthy as a Republican or that they don't agree with Biden as Democrats Let me go ahead and just start sharing my screen so you guys can see exactly what it is that I'm looking at I Hope that you learned something new I'm going to continue to provide you guys with these U.S Debt Ceiling updates There's a post to vote on this in the next couple of days.

I Hope that you guys can subscribe to the channel, turn on your post notifications of course. drop a thumbs up. One of the first things I want to share with you is the update that we sent out to our Learn Plan Profit team about QQQ So QQQ On the five minute run, the one minute looked very, very bearish, right? It was showing signs of lower lows and lower highs and lower. Those were getting rejected by the moving average.

but there's something very interesting going on right around the 348, but you can't see it on the one minute and you really can't see it on the five minute either. But if you look at the 30 minute, this is why we talk about being able to look at different time frames to get different perspectives right depending on what it is that you're trading. Sometimes Some time frames are a little bit more accurate than others not always and it's never perfect. Nothing's ever 100 accurate or perfect, but it's nice to get different perspectives to get different points of views right.

So looking at QQQ when I looked at the 30 minute time frame, I instantly saw the potential support that we could be getting at the EMA And just like before, again, it has held above the EMA so it's respected that indicator before pattern. Center repeat themselves. They don't always have to, but this is what I sent out to my Learn Plan Profit Team and again this was at 11 03 am. Which means that this was about two hours before the market actually closed and I sent out looking at QQQ on the 30 minute time frame for a potential support.

So yeah, the whole point of my trade ideas is not to post these call-outs so other people can copy right? You should never copy what someone else is doing, but it's to get perspective right? The the feedback that I received from that message that my Learn Plan Profit Team got is that Wow! I didn't look at the 30 minute time frame I wasn't aware of that and I think that's a big challenge for a beginner. Trader It's hard to find something you don't know what you are looking for when you don't know what you are looking for, right? And that's the whole point of this is for us to for me to share ideas, but also for you guys to share ideas. There's a lot of times that I have conversations with other Lpp members in the main chat room and they share amazing ideas with one another that it brings a different perspective to me. Is that not the whole point of networking right? This is why I like our Lpp team so much for those that are unaware, you guys can join.

It's the second link in the description down below. But let's go ahead and talk about this latest update on the US debt ceiling deal. So it says house Democrats Sound Off by the White House concessions in the debt limit deal. So it says I'm I'm still undecided.

I mean I'm angry that we are being held hostage. Yeah, they're being held hostage. not the American people. That right? And we're continuing to be held hostage because we do not have a choice.

This is Republican Debbie Dingle told CNN right? I Think to a Democrat None of us believe that we can default. Uh, the the debt ceiling Obviously right? The thing that a lot of people need to understand is that we don't have time based off of the deadline that is set for June 5th. we don't have time for another deal. So if they don't pass this one, the chances of the U.S defaulting over this fabricated issue is pretty high, right? And all they need to do is they can be super opinion.

I Mean it's been passed 90 times before and there hasn't been any issues on raising the U.S debt limit because it's in both people's favor, right? But obviously the Republicans are using this as an opportunity to begin to negotiate, right? We don't want you spending more. We want you to cut back on spending in specific areas. No, don't do this moving forward. whatever it is that they're doing.

Obviously, we're getting really close to the 2024 Presidential election and I feel like each party is trying to put the economy and the position of the US in a very specific place that's more favorable for them right again. So they're being held the hostage. No, we're being held hostage because it's based off of their decisions and their choices for their own benefit because of their political view that will end up affecting people like you and I more than them. Let's to be honest, right? Maybe it's just me.

You guys can let me know down in the comment section so it says: Republican Jared Huffman said as much as I believe from a budgetary perspective Republicans really didn't accomplish much in this deal. We did make other concessions to them that are really tough to swallow. So I haven't yet decided how I'm going to vote. but I can tell you I don't feel good about it he added to me, that's all fluff.

They're gonna have to pass it. Yeah, you can disagree with it. but again, if you don't pass it, then we default. So it's for the greater good right that you should vote on this just to get it going and maybe later on you can try to negotiate something else right? So both were particularly concerned with the environmental policy changes, including measures in the National Environmental Policy Act So it says, Dingle's late husband Republican John Dingle was one of the authors of the law which requires environmental review process for certain projects.

The debt ceiling deal would streamline that process, causing concerns among many Democrats that it would. It could cause harm to the environment. So again, because of her husband, she doesn't want to vote on something. because of again.

it would kind of streamline the whole process of how some damage can happen to the environment. But again, if we don't pass this, the US defaults. So I guess you guys decide what you think is is more important right now. down to the wire right June 5th.

So again she talks more about her husband I really don't care? Um to speak about that. So Huffman called the move mean saying it is a step backward on climate environmental policy and I am not thrilled about it. So again you can see someone else is kind of a response. I'm not thrilled about it but she didn't say no, right? She didn't say no.

I'm not going to vote on it because we all know right? it's coming down to the wire. This is the one that I really want to share with you. This one will share. 29 minutes ago it says Senator Randall Paul says he will not block vote on debt ceiling deal if he gets a vote on his amendment.

I think that's the biggest thing. So in my opinion we should demand votes on amendments and we can get those votes on the Amendments The Exchange would be to allow them to speed up the time. So I think it all really just comes down to that that we just need to get this thing passed. Like why is this becoming such a big issue I mean you guys can literally look into it.

the U.S debt ceiling limit has been increased over 90 times or 90 times I think to be exact, why is it and it was never an issue before. Like why are we creating this crisis? This potential potential like catastrophic event for markets for economies For the treasury Bond which is considered one of the safest forms of investment one it just you know. I We say that it doesn't make sense, but it does. And it's all because in my opinion of the 2024 presidential election, they want to put the economy in a specific position that is favorable for their political party.

I Think that's really what it comes down to. They're making a big deal out of something that is normally nothing because they want us to be positioned in a specific way that is more favorable for that political party. I Don't care what political party you are Republican or Democrat I think it's it's disgusting that it's the people like you and I that always end up having to pay the price. but again, that's just my opinion so you guys can let me know down in the comment section.

Very excited to follow up as of right now Overall: Nasdaq Futures are up Point 12 Uh, so very excited to follow up for tomorrow's live trading session again. Friendly reminder: I Do Trade Live every morning. You don't have to be a part of it, but if you want the ability to watch me trade live every morning. if you want updates like I share today with the Learn Plan profit group during the Trade Ideas section and also you get access to the A to Z video Lesson Library that's designed for complete beginners and access to the tech.

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