WATCH THIS BEFORE FOMC RATE DECISION TOMORROW!!!

0:00 So, tomorrow is the FOMC rate decision, and this is everything that you need to know before it actually gets reported. What's going on, guys? It's Ricky here with a super quick market update. Again, I really hope that you learned something new, and if you do, please consider dropping a thumbs up and subscribing if you feel like we earned it. So, what a day for the market. Um, before we even jump right into it, one thing that I want to show you is if you felt like the market was relatively flat, again, this is the second day in a row, from where we open at to where we close at, there's pretty much no change. There's some range, but no change. A lot of consolidation. The same thing with today. From where we opened up at to where we closed at, there was really no change, right? There was again a range of highs and a range of lows, but overall from open to close, it was relatively a flat day. Yes, markets did

0:48 end up closing up half of a percent and even during overnight hours, we're pushing up even higher. I think that's the frustrating part is that a lot of the action is happening when markets are closed. Unfortunately, we have no control when it comes down to that. But don't get it twisted tomorrow. If you've never tuned on into a rate decision, I think that you have a very fun one to just watch. Tomorrow is going to be most likely a very volatile time for the market. So for our beginners out there, it's not the most ideal time to be forcing trades or to be overtrading. Maybe it's not the worst idea to just watch the market instead of hoping for something to happen with a very aggressive position. So for those that do not know what's set to happen tomorrow, tomorrow is the FOMC rate decision, and that's going to be at 2

1:34 p.m. Eastern time. As you guys can see here at,400. Again, at 2 p.m. Eastern time, the Federal Reserve will announce the rate decision. According to the Fed rate monitor tool, there's a 97.9% probability that the Federal Reserve is going to pause. A 2% probability that the Federal Reserve is going to raise interest rates. So, there is no probability that the Federal Reserve is going to cut interest rates. But cutting interest rates is what markets would want. It's what would cause markets to go higher. But then why are markets going higher? Again, markets are rational. They like to do things ahead of time. And then when markets um or once the report comes out, unfortunately those that bought into the highs end up paying the price as they end up getting rejected. Nonetheless, it's going to be it's going to pay to be patient because

2:20 30 minutes after there's the press conference and in my opinion, that's the most important part. During this press conference, Jerome Pal, who's the head of the Federal Reserve, will be going live to answer analyst questions. This is a very important time to be paying attention to his tone. Is he hawkish or is he dobbish? He often doesn't comment on too much outside of his scope of work, which is something that I really respect about him. But again, the markets will be watching. Depending on his tone will determine if markets continue to rally or if they begin to give it back. I do want to remind you that again markets have been trading within a very consistent and tight range of lows of 595 to highs of right around 610 to 615. So we will see if tomorrow

3:08 we actually break that structure. Are we going to go back to previous highs or new highs or are we going to get rejected and retest new lows? You guys let me know down in the comments section what you think. Again, I wanted to keep today's video super short and sweet. I'm really excited to live stream tomorrow's FOMC rate decision and maybe even the press conference. If you would like to tune on in, all I literally ask you to do is drop a thumbs up and subscribe to the channel. I will take care of the rest. And if you even want to wake up early at market open, I go live with my LPP team and they get to watch me trade live. So, if you're just getting into the market and you would like the ability to watch me trade live, where you get to see every entry and every exit, but most importantly, the thought process behind every trade I take, then

3:54 take two minutes, click the second link in the description down below, learn a little bit more about our LPP team and see if it's a good fit for you. And if so, tomorrow we'll see you at market open. I appreciate your time like always. Let's make sure that we end the year on a green note. Pick your team.