Above are two possible very short term long spread positions on this buying spike down on NVDA 0.00%↑
Apple shares heading into 20 week peak; Baidu short on table
Two tech stocks will converge down
Nothing holding it back from where it is now at 214.50 it's only been about 90 days since the beginning of this 20-week cycle and the previous pivots from shorts allow a clean horizontal break out here. If there are indications of any kind that there's a lot of buying this week… best to look into it as the bull trend will continue and I feel good about it here. Using a 1 percent stop for 2.5 percent gain minimum to that peak in this E interaction if it starts showing buying.
EDIT: 1230 EST Sat Aug 2
The market went down instead of up, last week, indicating 20 week peak is in…here is what might happen next as price goes into the 20 week cycle low in August as depicted by the red pen:
The market seems to be lengthening and bullish bets are off for now. Another to take a look at is BIDU 0.00%↑ for a short, possibly landing in a 20 week cycle low around 70’s:
GOOD LUCK
DEREK
EDIT: August 10 2025
Market achieves its goal with breaking of 80 day downsloping VTL on Friday.
Take the two previous peaks in the last 120 days; breaking that upwards confirms … yes, you guessed it, a new 20 week cycle has started. A break above that high from last week’s post date was the best entry.
There is no indication that pseudotrend wont continue, but there are no cycles to play with and the projections are all met, possible falling rates pushes it to 120k, but Id rather be out
F 0.00%↑ letting trade happen at low levels, near the previous bearish 20 week cycle trough low from January. Nothing to really trade on it but it’s breaking that low will set a precedent for the market!
Derek
SPY 0.00%↑ has 582.00 VPOC ready to test on failed 20 day cycle trough this week, sellers must be evident before executing shorts, but once it starts, it will accelerate, allowing a short.
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