What's going on team. It's ricky with tech. But solutions and here is is something i think that you should be aware of especially. If you are considering more uh.

So first off i'm gonna start sharing my screen. So you guys can see exactly what it is that i'm looking at this is ticker symbol tq. Q. Up.

Another 20 000. On the day. Just began to reduce my position size uh. We actually caught this all in today's live trading session with my learn plant profit group.

If you want to learn more about that that's going to be uh the second link down below. But what i'm here to talk about is the specific and critical level before we talk about that i want to make sure that we talk about the oil inventory report. I told you guys that i would make sure that i follow up with it and they reported an 824. Million barrels of oil were reported.

So again it didn't act as that much of an influence as much as i as i thought we would uh actually see so mark market. Just didn't actually react at all that report was released about 20 minutes ago. We did pull back a little bit leading up to it we were already overbought and then we picked up right away. It just looks like the overall market's just very very.

Bullish they were up 44. Percent on the nasdaq triple leverage etf and there is still no break of pattern. But and again i am telling you this as someone that is invested in tkq. I am.

Telling you this as someone that is trading to you first off. I'm not going to hold my 12 000. Shares. I'm holding 5500 shares and i'm okay with holding that even if tkq or the nasdaq market does pull back what i'm here to make you aware of as you know i've done this every single time because of how consistent the ema has acted as a resistance.

So we could see that this ema line for the past couple of months. We've been trading below the only time is back in march when russia attacked ukraine leading up to that we were trading above and then we dropped right back below. We got rejected we got rejected we got rejected again the past three times. We got so so close and then we get rejected right the cpi data report came out this was just last week.

And we get really close and then we get rejected this time again. We're really close to that ema line and it just continues to act as a resistance level. We can we could even look at the non triple leveraged etf. Which is qqq right this is a single leverage this one maybe might be a little bit more accurate and especially for those that want to follow something closer to the nasdaq index then this thing would be it we are at the ema line.

We've been at the ema line before right we can see that just the previous time when we were waiting for that cpi data report. We were trading at that same ema line as resistance. The reason. I am.

Reminding you of this is i would hate for you not to be aware that we are at this critical resistance range. That's been present all year long all of 2022. It's been a valid resistance on its way down that we are so close to maybe breaking above it that instead of you just buying in blindly and then if it does get rejected you feel like you got it at the worst time. I just want you to be aware of this resistance level.

This shouldn't be something that instills fear in you it just should be something that you are made aware of so you make a more informed decision right there's nothing wrong with buying here if you can tolerate the pullback right. I'm not going to sell any of my long term positions. I'm still holding tesla. I'm still holding amazon.

I'm still holding apple and i will still hold 5 000. Shares of tqq. But just because i decide to hold something does not mean that you need to as well. And i think that's the take that a lot of other people have is well if i'm doing something my followers should as well and now i can tolerate risk in a different way than maybe someone that's just getting started.

I want you to make an informed decision for yourself and for your future self. This is why i'm making this video. I hope that the click bait doesn't upset you too much i just know that my videos have been a reminder for a lot of people that get really really close to buying and that are reminded of that resistance level trust me. I want the market to push up.

But it hasn't it's been selling out for seven months so because of that there's two things i want to share with you just give it a little bit more time right. I'm just giving it a little bit more time to get more of a confirmation that we are actually going to trade above with that i might miss out on a small margin potentially right who cares the reason. I say who cares is let me use tq as an example job's not to be perfect and i can wait i can i mean even from where we're at right now from where we're at right now with a full recovery on tq that's 241 roi. Even if i weigh all the way up here to 35 and then go to previous highs.

That's still 162 percent or why there's so much margin and do this with any stock you're thinking about investing in do this with amazon do this with tesla do it do this with apple. I don't know what you're invested in or what you're thinking about buying the dip on you have so much time to make money there's so much upside margin. There's no reason you need to rush into it there's nothing wrong with having a light position that's the approach that i'm taking. But just make sure that your position even at worst case scenario is something that you can tolerate that is all i'm here to remind you to do to look out for your future self not just for best case scenario.

But for worse yes or no. And i'll leave it at that so i hope that earned your thumbs up. I hope that i'm not annoying uh with these almost weekly or bi weekly reminders um. I just i need to make sure that you make an informed decision based off of a resistance level that's been present for all of 2022 and i hope that you can see that so uh.

I really hope that i earned your thumbs up in this video. Please consider subscribing. I upload new videos every single day about the stock market. I'm going to try something new on the youtube channel.

I'm going to be live streaming um. Overall top gainers and market uh changes and and hopefully. It's something that you guys enjoy and that live stream should begin in about 30 to maybe 30 minutes to about an hour and we'll see how it goes so i appreciate you guys time make sure that you guys subscribe to the channel and like always let's make sure that we in the year 100 right now thank you.