I know I can't be the only one that's waiting for the NASDAQ Market to pull on back. What's going on Team: It's Ricky with tech Solutions and a really nice fake out that we caught in today's live trading session. Friendly reminder: If you want to watch me trade live as soon as tomorrow, that's going to be the second link in the description down below. But let's go ahead and start sharing my screen so you guys can see exactly what it is that we're talking about.

NASDAQ Market It was red, right? NASDAQ Market was down. Uh, once the market opened, it had a nice little fake out and then it sold off. It went back to retest previous lows. So when you were asking the question, um, you know what was the reversal that I was trading? What was I Looking at, it's pretty much a textbook setup.

looking at previous lows, waited for consolidation. We got that consolidation and then it began to reverse going back to previous highs. That's where I locked in profits. Believe it or not again, I'm not a perfect Trader I was just going based off of the data that the market was showing me and it was showing weakness, right? Because uh, the market was selling off for those that are unaware this morning due to treasury yields uh, surpassing 5% %.

Uh, if you're asking, why does that make the market sell off I Want to remind you that when treasury yields go up, that means that they offer a greater return. and it's pretty much like the safest way to invest your money. And if they offer you know, a little bit more than 5% then that takes money away from the stock market because that's a safer way to invest your money. And that's guaranteed.

Pretty much that's close to guaranteed as possible. Nothing's guaranteed in the stock market, right? We don't know if we're going to sell off for like the next year. Uh, so that being said, um, that's what causes again this shift of demand where treasury yield become therefore so much more attractive due to the higher rate of return and more uncertainty for the overall market, right? So, uh. but since then, when I decided to lock in profits, um, we just continued to form higher highs and higher lows.

It ran all the way up to 71% Tqqq is up uh, 2% on the day and it continues to validate Uh, the EMA right? So as of right now, Market is bull bullish I Want to remind you right? take a quick step step back, look at the 1 hour time frame. What do we see here I Like looking at different time frames, it gives me different perspectives of you know Market Direction And as of right now, we are testing the EMA as a potential resistance. Obviously it could break above and at one point it will break above and begin to recover I Just don't know if it's going to be that right now, right? We got alphabet known as Google and Microsoft Reporting earnings tomorrow. Is that going to cause the market to go up or down, right? We don't know.

But as of right now, on the 1 hour time frame I wanted to make you guys aware of it, you might be thinking, oh, look, this thing is going to continue to Skyrock it's going to continue to move up. but then because of the time frame that you're looking at, you're not aware that oh wow, You know we could potentially be getting rejected here on the 1 hour as we've been getting rejected for the past couple of days, right? ever since Trading below that EMA we ran up, got rejected, ran up, got rejected, you know, and now we're going back to retest that same EMA So just want to make sure that you're aware of that. Wanted to provide you with a quick little market update on why the Market's going up and that's thanks to the treasury yields now being at that 5% Benchmark Um, But then also to make sure that you're all aware of what's to come this week and that is big. Tech Reporting earnings alphabet and Microsoft tomorrow on Tuesday Meta on Wednesday and Amazon on Thursday.

So um, just another reason to be very careful and calculated during uncertain times. So congratulations to the Bulls As of right now, they're There Is no break of pattern. It's showing signs of higher highs and higher lows. We'll see if we continue that or if we break below that EMA and begin to sell off.

Then again, I'm ready to short the market. Um, if we get confirmation of that rejection. If not, uh, then I'd rather just stay cash and wait for the next opportunity to present itself. So um, other than that, I do appreciate you guys' time.

I'll see you tomorrow for tomorrow's live trading session if you have any questions whatsoever, especially if you're an absolute beginner. Uh, even before you tune on into to tomorrow's live session, shoot me a DM via Discord or via Instagram and that's the first or third l Link in the description down below. Appreciate your time like always. Let's make sure that we end the year on a green note.

Take care team.