Beautiful day to be a bear. What's going on guys? It's Ricky here with tput Solutions Hope you guys are all having an amazing Wednesday Today is September 6th. Uh. we just wrapped up my live trading session with the Lpp team again.

Friendly reminder I Trade live with them every single morning and we actually caught some of the economic reports. Really, the main economic report that sent the NASDAQ Market spiraling down. Uh, we all caught it within that live stream I was in Sqqq. Uh, we began adding more to it when Direction became favorable and man, it was just just.

it worked out very well, right? We had a lot of consolidation during that prear uh, during the pre-market session right when Market opened, we even began to consolidate uh at that same time as well. Then, what happened right around? uh, my time? it's 7:00 but if you're in the east coast, it's 10:00 You can see that we saw one huge green candle and ever since then we've been forming higher highs and higher lows if we look at the 5em minute time frame. Overall, Sqqq incredibly strong. uh QQQ Looking a little bit on the weaker side 30 minute time frame.

This is something that I pointed out to our Lpp team uh, testing the moving average as a support. but if we continue to show progress on the downside, then again, we could really begin to step on the gas and make some money as we work towards the 1H hour moving average. And that's 370. Or if you're looking at Sqqq closer to nearly $19 a share.

Uh, which would be a really nice Gap up. But as of right now, uh, we're looking good. We're feeling good. It's kind of slowing down so I'm thinking thinking of reducing my position size I'm keeping my Lpp team uh, up to date, uh with what my intentions are.

and again, if you guys want to be able to watch me trade live, even, you can watch today's live session right. If you want to sign up, it's the second link in the description down below. We give you access to all the previous live sessions. So uh, but what happened today was, uh, we had the uh S&P Global us Services Pretty much the P PMI report came out uh Market didn't move too too much on that one.

It came in in at 50.5 Uh, when the prior came in at 51, nothing too significant. Uh, but the Ism Non-manufacturing index for the month of August came in again. You guys can see the impact that it has a little bit more seriously. Uh, the actual what was reported 54.5% with the expectation of 52.4% So again, uh, overall, non-manufacturing index came in a little bit stronger than what was expected and then right away we saw a shift uh I think we're at like 97% probability that there was going to be a rate pause and then it dropped down to 90% So you can see how um, as these economic reports, uh, continue to come out, it affects the expectation from the Federal Reserve more and more right? So we're two weeks out from the next Fomc rate decision which is the Fomc meeting.

So really looking forward to that. Uh, and we will see right as of right now, there's a very high expectation. As you can see, even with what was reported today. Um, let's be honest right, there's still a very high expectation that the Federal Reserve is going to pause.

Um, we'll see as more reports come out. um, especially I Believe it's going to be next week. Uh, as we have, the CPI data report comes out uh, the PMI right? or or the PPI which is the producer price index report. So inflation reports are all going to be coming out next week I Hope that you're ready for it.

And then the only last thing is um on Friday of this week. uh, we have Vice chair uh Michael bar speaking 30 minutes before the Market opens. so it's going to be interesting to with what he says and how that influences the overall Market. But as of right now I'm taking a day byday, it's still super early.

On to the overall Market But I Wanted to ask you guys what you think right? Um, obviously a lot of people uh, didn't really understand why I thought the market was going to pull on back now. Hopefully it makes a little bit more sense when we Gap up very quickly and then we begin to lack progress right? We begin to consolidate. It was showing signs of a resistance. It didn't mean that it had to sell off, it's just why I was paying.

Pay attention to Sqqq. So now that we got that pullback today, it doesn't mean that it has to continue. But again, this is why we look at the 30 minute and we're waiting to see signs of progress. On the downside, and if we break below, you know 372 that was the previous.

Kind of like Gap down all the way down to 366 which would be a beautiful Gap up for Sqqq. Remember the only people that complain and the only people that freak out when the market pulls on back are those that simply did not prepared. But guess what? we're always prepared here. We always Tred to be.

It's not that we're perfect, but we always try to focus on one thing and that's Market Direction and making sure price action is in our favor, right? The perfect example of something not to be like is AMC Traders right? AMC Traders Are very hopeful they always think that the stock is going to come back and that the squeeze is coming. But guess what, the only thing that is coming is bankruptcy, right? We see AMC now at the lowest price point it's ever been. Even before this whole squeeze AMC short squeeze happened and again, direction is not in their favor. It continues to go against them.

and fundamentally it's a company, right? So if there's a goal of what not to be like I think that's going to be AMC right? Uh, but nonetheless again. I Just love joking around about them. Uh, if you have any questions, you guys can feel free to reach out via Discord Uh, and that's going to be the first link in the description down below. but again I Trade live with one team and one team only.

That is my LBP team and that is the second link in the description down below. I Hope to see you for tomorrow's live trading session And like always, let's make sure that we end the year on a green note. Take it easy team.