Hey, what's going on? Team in Turkey with tactic Solutions Hope that you guys are all having a good Friday I Wanted to recap the overall day so on the five minute time frame uh, pretty easy to see. uh overall Market Direction NASDAQ making lower highs lower lows other than uh, probably the first uh, 30 minutes of the market open, we did see uh QQQ or the NASDAQ Market uh tap into the green. whatever. Um, you know, even uh, shortly after that I mean it was very easy to see that uh, we were not making any uh, higher lows, right? We broke right below that support.

It's one of the things that we're looking out for within our Lpp team made sure I kept them up to date in our trade idea section where I post updates on what I'm paying attention to uh and the market sold off ever? Um, you know from that point moving forward. um I Personally I don't know about you guys but if you look at the one minute time frame and you compare it to that five minute time frame I feel like there's a lot of Uh opportunities to make mistakes if you're if all you're doing is looking at the one minute time frame and we broke about VMA Here we broke about BMA Here we broke about VMA Here we broke above VMA here. While all you know all of them have one thing in common, they still got rejected and tried to make new lows, right? So uh, one of the big things that I try to focus on and that I try to encourage our Lpp team to focus on is, uh, kind of like slowing down right? especially if you are someone that finds uh, yourself over trading. Um, you know it's very easy to take a step back, look at the five minute time frame and to make less impulsive decisions.

you look at these larger Temperance five minutes, one 10 minutes. The other 15's been another one that's pretty popular. and if you find yourself making impulsive decisions, then maybe you're looking at these larger time frames uh can be a valid for you, especially when Market direction is not in your favor. One of the things that I like paying attention to is overall Market Direction it was very easy to see that I mean moving average was descending.

Uh, EMA is kind of a little bit more uh, balancing out right towards Market open because of this nice big push, but again, EMA tends to move or follow the overall patterns a little bit quick. uh, a little bit closer. So that's why that moving average? um I was you know, so focused on not making an impulsive decision of jumping into Tqq right when I saw the first sign of the NASDAQ Market going up. I wanted to wait for one thing and again, like I said, those were higher lows and we never got those.

Ever since then, Market has been selling off. It looks like you know for the last couple of minutes that the market is open. Market's now beginning to recover, but again, it's it's kind of too late, right? upside risk. It just um does not really entice me in the sense that um, when you have what is that 40 minutes left, 50 minutes left? uh for the overall market and again we have all of next week and again it's it's uh, the focus should be in making less impulsive decisions.

One of the things that I want to talk to you guys about is 15 minutes after the market open. There's the PMI report that came out uh and it came in a little bit lower than expected. Now a lot of people are confused because they're like Well Ricky I Thought bad news was good news right now. Uh, bad news is good news in the eyes of the Federal Reserve Remember I always give that example of right now: the Federal Reserve wants to see the overall economy slowing down.

It says s P Global Services BMI fell for the fourth month low right? while it's while it's the Manufacturing Index hit a 31 month low uh in December So pretty much business conditions are worshiping and that I think that's a great way to summarize what exactly is going on. Uh, although business conditions are worsen and I think the really great thing about this um is that you know at least this supports the decision of the Federal Reserve to actually lower. You know the interest rate hikes from 0.75 percent to the point Five percent. So um, you know I Think it's it's again, bad news.

But right now, bad news is good news for the Federal Reserve And although it does feel like this short-term pain, um I think it's only a matter of time for the market to finally establish that support level as the Federal Reserve plans to in 2023. Uh, to have three more interest rate hikes, but definitely less aggressive than what we had in 2022. So that's pretty much the summary for today. Strong descending pattern markets still selling off if you look at on the day chart, again, still descending.

So for all the people that are bulls out there, stay patient, stay light, and let's wait for that confirmation. If you guys have any questions, you guys know how to reach out to me, send me a direct message via Discord and that's that first link in the description. And for those that haven't already, make sure you guys follow me via Instagram And that's that for uh, that third link in the description down below. Um, if you guys want to be able to watch Madrid live every single day I Only work with my little improv group and there's that second link in the description.

And if you guys want to join our Christmas giveaway, that's that fourth Link in the description I Appreciate your time like I Always like to make sure that we're in the year on. Agree now! take it easy.