After last Sunday’s call for a new trading cycle above 750 on Nasdaq futures, the market responded with big bullish pressure and tons of traders throwing money into momentum longs.
time to get busy watching for the peak of the 20 week cycle
due to move lower into next year
dont get too excited
market needs to retest the quarterly lows
will confirm the peak when it happens
it is now time for momentum longs as new info comes in
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Derek