Days like today
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Derek Frazier shares and explains his ideas and process of decision making behind cyclitecnical trading. Please like and comment.
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Coming off the 40 week cycle bounce last month and then the first 20-day interaction a vouple weeks ago… it does look like the market is failing. And thats why I prefer to stay away from betting on swings on indexes more than “Day plus one” trades.
Anything more than day plus one type setups are betting on cyclitecnical data that cant be trusted for such low time frames, especially 20 and 40 day cycles on indexes.
Why indexes do this at this time was predicted. Muted and sideways was expected over a month ago.
GO TO LINKEDIN FOR MORE INFO>
Derek
Days like today
Dont forget that the weekly trendline is way down at 425.00 on $SPY