$200,000 IN THIS SUPER RISKY DAY TRADE... | Summary and Q&A

TL;DR

NASDAQ market is showing signs of bearishness, with potential sell-offs indicated by previous patterns. Economic reports have mixed results with lower initial claims and declining pending home sales.

Key Insights

• 🧡 Sqq, the inverse bear ETF, has been bearish and unable to progress beyond a specific resistance range.
• 😘 Previous patterns suggest that sqq tends to form lower highs and lower lows, leading to rejection at resistance levels.
• 😘 Economic reports show mixed results, with lower initial claims and higher GDP estimates, but a decline in pending home sales.
• 🤘 The speaker is actively managing their risk and considering reducing their position if signs of struggle in the market continue.
• 🫒 The speaker provides live updates and explanations of their trading decisions, offering value to beginners and answering common questions about the market.
• 😤 The speaker invites viewers to join their trading team for live trading sessions and further guidance.
• 📈 The analysis is focused on the NASDAQ market and economic reports, providing insights into market trends and potential trading opportunities.

Transcript

this is what I think is going to happen with the NASDAQ market today what's going on guys it's Ricky here with talk about Solutions hope that you guys are all having an amazing Thursday and let's go ahead and get started so one of the things that I noticed is that yesterday sqq which is the inverse ETF couldn't hold above and make progress Beyond 2... Read More

Questions & Answers

Q: What is sqq and how is it related to the NASDAQ market?

Sqq is an inverse bear ETF that goes up when the NASDAQ market goes down. It is used to gauge the bearishness of the market.

Q: What are the potential outcomes if sqq breaks below previous support levels?

If sqq breaks below previous support levels, it indicates a shift in favor of the bears, and the speaker would cut losses on tqq, a related trade.

Q: How accurate have previous sell signals on sqq been?

The speaker notes that there is no indicator that is 100% accurate, but previous sell signals on sqq have led to sell-offs in the market.

Q: How do pending home sales compare to new home sales?

Pending home sales include both new and old homes, while new home sales only include newly constructed homes. In this case, pending home sales are down, while new home sales are up.

Summary & Key Takeaways

• The NASDAQ market, as indicated by the inverse bear ETF (sqq), has been bearish and unable to make progress beyond a certain resistance range.

• Previous patterns suggest that sqq tends to form lower highs and lower lows, leading to rejection at resistance levels.

• Economic reports show lower initial claims and higher GDP estimates, but pending home sales have declined.