I Know I can't be the only one that thought today was an absolute waste when it comes down to market performance. What's going on guys? It's Ricky here with tech Solutions I Really hope that you learned something new and if you do, please consider dropping a thumbs up and subscribing to the YouTube channel as I would love to keep you up to date with overall Market updates. I Also, do want to invite you to my live trading session tomorrow and if you want to learn more about that, it's the second link in the description down below. Let me go ahead and start sharing my screen so you can see exactly what it is that we're looking at.

but other than the last 15 minutes from the market close, that led to a nice little rip up for the NASDAQ Market If we look at the general performance of NASDAQ today, this is QQQ which is a NASDAQ ETF 1 for one, all the consolidation. we got the rip up, the rip down, all the consolidation, and then again the consolidation right before Clos That led to the rip up. We traded within that range of 360. But I think it's very interesting that if you pay attention to the NASDAQ future, we're literally struggling to hold above 15,000 and that is going to be in my opinion and it's just my opinion.

The deciding factor if NASDAQ Market actually begins to recover from that recent pullback that we've experienced, or if this is just a lower high that might lead to more selling pressure. A lot of you guys might have heard that again over the weekend. There is the kind of fear of the government shutting down, right? They led to that extension that we talked about earlier today. Uh, that again, this bill was passed that will lead to an extension until mid.

November So again, just another extension to give the government more time to decide. uh, to come up with proper legislation. Uh. With that being said, as of right now, I mean it's very, very simple.

There's no reason to over complicate what's going on right now. The market doesn't know what it's going to be doing. It continues to test and challenge this. General resistance range at 15,000 if we look at QQQ and look at the 4-Hour time frame, right? I've been waiting for the Market to recover I'm sure a lot of you guys have to I want to remind you that patterns tend to repeat themselves.

They do not always have to and you could see that we tested previous support range and we are retesting it once again. So yes, there is potential for a potential recovery. Back to previous eyes. What's going on? Remy Yeah, can he go with Mama Sorry about that guys.

Uh, but uh, as of right now, we're consolidating that potential support range. Uh, working towards getting back to that previous resistance range right around 380. Uh, One of the things that I want to remind you is that again I mean obviously we would love to see the market begin to recover, but we can't be surprised if we get rejected here if the Nasda market never breaks above 15,000 which leads to a potential lower high and then we end up selling back off down to 350. So if you're asking me the question because I know I've been getting this a lot in the comment section and I'm sure my you know, um overall viewers just want to know what am I waiting for to enter and to feel comfortable entering my swing trip because I have not opened it yet, right? I've been waiting for the market to recover.

but to me this is not confirmation because there is no continuous progress we broke above EMA but there's no confirmation or progress above EMA So that's essentially what I would be looking for I want to see just like we've seen before. Not only do we break above EMA but sometimes it does take a little bit more time, but I want to see indication of progress Showing me that I'm missing out by not having an open position in Tqqq? Does that make sense? Because if not, imagine buying Tqqq right now there's no progress and then it just ends up selling off. That's what I want to avoid and that is the importance again of my why I would choose to wait for confirmation I Want to remind you that just because I choose to wait for confirmation doesn't mean that you need to. you can choose to enter early or you can choose to not enter at all.

The idea is I want to be calculated with the way that I choose to trade in the month of October and making sure that I don't put myself in a hopeful position that I end up later regretting when all I needed to do was simply wait for confirmation and I sure I'm sure that I'm not the only one that sometimes buys too early and then regrets it shortly after it was never confirmed. So again, we're not here to pretend to be perfect. We're here to just learn from our mistakes and try to implement signs of progress with our future trades. And that's exactly what I plan to do.

I do intend to potentially enter a swing trade on Tqqq, but I want to see signs of progress above the EMA showing signs of higher highs and higher lows if we don't get that progress and it begins to get rejected. Then again, although I want to go long, I'll go short and I'll make money as the market sells off I Simply want direction to be clear. So if you find yourself struggling to identify which way the Market's going to go, if it's bullish, if it's bearish, whatever the case might be, please remind yourself you don't need to trade every day and you don't need to trade when conditions are not favorable. Ignore the noise, Ignore the hype, Ignore the fomo.

Much easier said than done, but remind yourself you are here to focus on you getting better and what makes sense to you. Ignore everything else other than that I Just want to make sure that you're aware of the economic report that's going to be released tomorrow and that's the Jolts which is at 10:00 A.m. Eastern Time which is job openings. If you're part of my Lpp team and you watch me trade live tomorrow right at Market open.

then again, have no fear we will be covering that live during that live trading session and I would love to see you there. That's going to be that second link in the description down below if you want to be able to watch me trade live as soon as tomorrow. So I hope that this gives you a better understanding of what I'm choosing to wait for to enter my swing trade on Tqqq. If we get that confirmation, let me know in the comments section what you think.

Um, other than that I Hope that earned a thumbs up. Please consider subscribing And like always, let's make sure that we end the year on a green note. Take it. Dy Team.