So just a quick little heads up. Overall, NASDAQ Market was moving up in the green, but it added 199 new jobs versus the expectation of 190,000 We also saw unemployment rate drop from 3.9% to 3.7% Again, this is all available in your economic calendar. If you guys don't have one, you guys can literally Google search it and it should pop up. Everyone that trades and that pays attention to the market on a weekly or daily basis, it's very important for you to understand what economic rewards are being released on a weekly basis that can influence the overall positions that you either have opened or are thinking about opening.

So NASDAQ Market became very overbought. I Made it very clear to our Lpp team again I do trade live with them every morning as the NASDAQ Market became very overbought. We were going back to retest the previous levels that we've been getting rejected at for literally the past 3 weeks. So it doesn't surprise me that we got rejected as the market has not been showing any signs of progress and feel free to let me know down in the comment section Again, Market just been so so frustrating.

As for the past three trading weeks going on, four we have not made new lows. We and we have not made new highs. We continue to trade uh, to just trade sideways. so if you've been feeling that the market has been very slow for the past 2 to 3 weeks, you're not alone.

The overall NASDAQ Market has been trading sideways so just making you aware of that on the one minute time frame. Again, a very simple setup. We become overbought. looking at the Macd, looking at the RSI you wait for confirmation of a rejection.

Once you get that confirmation, then I looked for that break below EMA and we've been making steady progress below that. EMA Now coming back down to that, um, what's it called moving average On the 5 minute time frame, moving average and EMA are also being tested here. The one thing that I wanted to make very, very clear I Don't want to over complicate today's video is that normally when economic reports like this come out, the market sells off. I Mean you could see the initial reaction.

They were released 1 hour before the market open. The initial reaction for the NASDAQ Market on QQQ was that they sold off and then they quickly recovered. Remember, the market has been trying to find any reason on why to go up, but these economic reports, they came in lower than what is expected. meaning that the labor Market's doing better than what is expected.

You might be like, Well, Ricky isn't that a good thing? Not necessarily. Remember the Federal Reserve is trying to slow down the overall economy and trying to slow slow down the labor market. If they see that the economy is doing better than what is expected and that the labor market is doing better than what is expected, maybe they can justify going higher for longer. Remember next week we have the Fomc meeting so all eyes are on the Federal Reserve and what They're going to decide on the next Fomc meeting.

But don't worry I'll keep you up today. and I also will be live streaming that Fomc meeting for free, so make sure you subscribe to the channel. Other than that, I Wanted to wish you guys an amazing Friday Make sure that you do your job locking in profits and not bag holding a position over this over uh, weekend. If you have any questions, don't hesitate to shoot me a direct message right now either via Discord or via Instagram which is linked down below.

And again, if you want to watch me trade live as soon as Monday I do it exclusively with our Lppp team and that's the second link in the description down below. Like always, let's make sure that we end the year on a green note. Take Care Team.