So why is the stock market selling off? Let's go ahead and answer that question for you guys. What's going on Team? It's Ricky with talk about Solutions Hope that you guys are all having an amazing Tuesday Check this out. 22 000 on the day on Sqq as the market sells off. Surprise surprise I mean feel free to watch the video that I uploaded yesterday.

Yeah, not right 100 of the time. But when I am Um, again. one of the things that I've shared with you guys so many times before is I don't mind talking about what I expect the market to do a lot of the times I tend to be very early to this I understand that I respect that. It frustrates some people, but everything that I ever tried to talk about is because it's not just something I'm hoping for.

it's because it makes sense. and NASDAQ Market again on the 30 minute time frame uh was consolidating holding. Above This EMA Line We talked about it yesterday. We talked about it twice.

Yesterday we talked about it on Sunday Uh, you can see that Finally, not only did we break below EMA we broke below our previous support range right around 321 and just like we said before, now working towards the moving average. That's going to be the goal today. working towards the moving average. Uh, there's a handful of different reasons on why we believe that the market could be selling off today.

Uh, there were some economic reports that were released today. Uh, none of them were too significant. So if you look at the actual economic reports Uh, we have job openings known as Jolts and Factory orders, nothing too significant. Tomorrow is going to be the big day for the FMC rate decision that's going to be for the Fomc meeting at 2 Pm eastern time.

Again, make sure you don't forget about that. Make sure you guys subscribe to the channel. so we keep you guys up to date. But two other main things that I wanted to talk about: three regional Banks halted today after dropping 20 after First Republic Bank after Silicon Valley Bank after just the massive supposedly according to JP Morgan right? We talked about this yesterday: JPMorgan pretty much acquired um, uh, First Republic and pretty much said hey, we're going to take care of this right as the big Bank biggest bank of the United States we're going to take care of this.

You guys have nothing else to worry about. And now three other Regional Banks which means smaller banks have now halted and have dropped over 20 percent. Western Alliance Bain Corp We have a Pacific West Bank Corp and then Metropolitan Bancorp Holden so again 21.9 percent we have 24.62 and then 23.59 Uh, so again something that could be factored in. uh, being being one of the reasons of why we're seeing the sell-off that we're seeing another thing that a lot of people are talking about, especially in our Lpp Discord chat as U.S Ducks fall as investors turned attention to Fed decision and debt ceiling.

If you guys are unaware, you guys really need to pay attention to the timeline that the Federal Reserve has when deciding and talking about. you know, either extending or raising the debt cylind which is most likely going to happen. But again, the FED will announce a decision on interest rates on Wednesday and their chairman Jerome Powell will take reports questions at the press conference. Investors will be listening to any hint of the Federal Reserve thinking and thinking heading into the next meeting of June.

So again, not just what's going to be reported for this up and coming, you know, interest rate hike, but it's kind of like a quarterly earning report where we also look for up and coming guidance for the next time that they're bound to report, right? Uh, so I Thought this was going to be something that you guys would find a valley first. Kind of scratching your head. Why is the market selling off Again, the concern of the debt ceiling, the concern of the Fomc rate decision that's going to happen tomorrow, and the guidance for more to come and then three regional Banks halted after dropping 20. It's just not looking the best to say the least.

but overall very excited again. I'm going to get ready to exit out of this if we break below this EMA line. I'm going to make sure that I close my entire position on Skq and call it a day I Want to share again I've shared with you guys not just my red days but of course my green days. I Love sharing both sides with you guys and just so you guys can see I have no open position other than my one lucky share on Tqq.

Really do appreciate you guys time. Hope that we're into thumbs up in this video again. I've said it many, many times. I Work with one team and one team only and they are the team that get to watch me trade live every single day.

Today this morning they got to see me originally. enter ask QQQ They saw me add more to it. They saw me locking profits. They saw me add more to it.

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Hope that we're in the thumbs up. Please consider subscribing if you have any questions. Feel free to send me a direct message via Discord or Instagram and that's the first or third link in the description down below. Like always, let's make sure that we're in the year on a Green Dot Take it easy team!.