So I just decided to sell my entire Tkq position and I want to show you guys very quickly? Let me go ahead and start sharing my screen. I Think people get confused because yesterday's video I uploaded uh, talked about you know? Oh, get ready. The market could potentially sell off Market could potentially make any lows the focus was I mean NASDAQ Yesterday was testing a potential support Zone which was a previous resistance range and if we broke below that, you know we're at a critical range and the market could have sold off. but I always talk about both sides.

it's just obviously a more catchy thumbnail if it triggers you. Then again, I guess that's your own issue, but as you can see, it found a support. it began to indicate signs of adoption. I didn't over complicate my training today just so you can also see people think that oh no, Ricky must be short no I have my one lucky share I haven't traded? Ask you I think in the past the week or very lightly if anything.

uh, but I do have a position in Tikihiki I Also just have my one lucky shares when I left. Um and uh yeah. 14.1 1K on the day not trying to over complicate or make it more than what it is obviously, but based off of the dollar amount that I trade with I decided to reduce my position size at what I viewed to be an overbought level. Based off of the RSI and the Macd, we're showing signs of consolidation.

so it was showing signs of resistance and to me that was kind of a red flag of like okay, well I don't want to give back what I already made right. From overall lows to current ties, I mean it's very easy to see right from overall lows to current highs, that was about a 1.9 percent move, almost two percent move and that was just that. Was my third trade for the day, right? because during our live trading session today with the Lpp team, I was able to catch the dip Buy sell the highs, catch the dip, buys sell the highs. So again, those are about 1.5 percent moves and this was the biggest rip up that we've experienced so far.

Uh, kind of. You know one talking a little bit more about where do I stand for the day When looking at this on the one hour time frame, I pointed this out to the Lpp team. we have not broken above really. the EMA line or at least the super Trend Um, on NASDAQ or on Tqq on NASDAQ I mean it's very easy to see we're still forming lower highs and lower lows and it's great to see that NASDAQ is trying to push up.

but again, I'm just trying to be very cautious, not getting too comfortable holding, especially if we end up trying to rip up, get rejected and then we sell right back off, right? This is why I'm choosing to locking in profits, reducing my position size at overbought levels. and if we do get the break above that I can always re-enter That's one thing that I love reminding myself is that my job is not to be perfect. my job is at any indication of a resistance or I'd overbought levels if I feel uncomfortable I lock in profit and then if I need to wait for a second confirmation you know for direction to be more clear at overbought levels then I'll wait for that. I'll miss out on this you know margin from about 361 to maybe around 360 260.

but then once it does get that confirmation at least I have more confidence behind that trade and I didn't have to take that risk. Some people feel more comfortable holding all together and that's great for you again. That's the beautiful thing about the stock market is there's so many different ways on how to do things. you don't just have to think that there's one way or the highway right when talking about what else is to be released for.

Uh, this week we did have drillable orders. It came in a little bit hotter than expected, expectation wasn't drop of negative one percent and it came in at a positive one point seven percent. and then we had consumer confidence coming in higher than expected at 109.7 which initially caused the market to go up and then the market sold off. new home sales.

expectation was 665k. it came in at 763k for the month of May meaning that more new homes were actually sold than what was expected meaning that the housing market is not slowing down. So as of right now, it looks like the market is interpreting that in a positive way. but we shall see right.

it's still very early on. on the one minute time frame, it looks very bullish. On the one hour time frame, it looks a little bit different. I just want to break Above This descending resistance.

Do you see that lower highs and lower lows I want to break above that channel and then once we do I would have more confidence to go long. If we break below the support then I'll have more confidence to go short, right? I Don't care which side the market ends up choosing to go, there's always money to be made I'm just excited for direction to be more clear. So again, just a quick little market update for all of you guys I do want to invite you I'm going to be trading live tomorrow. If you guys want to tune on in, you don't have to.

but again, it's the second link in the description down below. It's to be able to watch me trade live every day. You get access to the A to Z video Lesson Library our daily group chat and also you get access to the tech. but the HQ it's a one-time payment lifetime access.

We're running our biggest sell. It literally won't get better than this. and it's the second link in the description down below and I Hope to see you tomorrow at Market Open for our live session Like always, let's make sure that we end the year 100 Green Note: Take it easy team!.