If Nasdaq doesnt recover and zoom higher Monday by 1000 CST...

time to consider that the peak of the 20 week cycle is already in and we're just destroying money here

It is entirely possible that in addition to QQQ 0.00%↑ and SPY 0.00%↑ … DIA 0.00%↑ has made a 20 week cycle peak this week, with its closing weekly candle.

• The prior position of the peak on the index was about 120 days ago, which checks out well enough.

• The rally from October was over 60 days to peak.

• This has happened last iteration of this cycle’s peak in LATE AUGUST of this year. There was a straddled 80 day trough. Its almost as if this is being done on purpose. Ive never seen anything like it. This is basically destroying money here.

• In the case of $DIA, if there is going to be heavy liquidation from higher time frame players next week… the close of the weekly candle as well as the low and open should be the last stop before sellers immediately figure out that it is a short throughout next week, on this trap that has been sprung on retail, yet again. Lets also hope pros and HTF buyers are trapped too, which will make for a devastating lack of liquidity and monster short days ahead.

• If there is buying immediately at the open and heavy momentum… its time to think that the 80 day cycle has bottomed, being careful with allowing it to return back below the open at any time.

• Not too easy to maintain phasing

• Easy to maintain discipline with entries

Good luck and please like the post

Derek