Nasdaq breaking above 20 day cycle peaks: bullish
Watch for large players
0849 CST Friday
If this bullishness persists, Its possible its a new 20 week cycle starting on equities, probable that large entries taken today will persist into next week due to upward pressure of the 20 week cycle
Action signal: 20 day VTL break upwards by price on daily
Enter today, exit half at day plus one if day(plus one) trading which is HIGH PROBABILITY back-tested for this setup.
Stop is a move below the weekly low.
EDIT SUNDAY MAR 5 2023:
Probable day plus one target above price at 12500
EDIT MAR 6 920 CST:
Nasdaq has hit 40 day resistance and could stay here just under 12500. Day plus one trade was a good one. Stops should be put at breakeven or under Friday low.
Dont miss a post!