#NASDAQ $NQ tomorrow (NEW TITLE: changing plan after seeing the first hour...)
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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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#NASDAQ $NQ tomorrow (NEW TITLE: changing plan after seeing the first hour...)
1205 cst
Its time to try a short tomorrow, off of the morning opening range around 13050
Im pretty sure there will be a reaction that will have a scalp available
There is a 20 day cycle coming (or already formed) that could lead prices lower next week
The 40 day cycle projection is at 13000 giving weight to an exit
August is the projected peak of the 40 week cycle, but this can change
Nasdaq is weak at the open, shorting is probably best
Watch for Offers that hold
Watch for bouncing off levels a few times
Watch for follow through
Watch exactly what the volume does for each level
UPDATE: below foto depicts what the $VOLD looked like that spelled victory for longs
#NASDAQ $NQ tomorrow (NEW TITLE: changing plan after seeing the first hour...)
2211 cst today was successful because the $VOLD (nyse: up minus down volume) was flat all morning with increased stock participation... then started to uptrend midday. This is a rare signal to be long all day. Its a holy grail setup that one can anticipate with this one above metric and a 3 hr cycle that doesn't fail midday, confirming.
1408 cst $NQ turned into my holy grail setup day requiring me to further elaborate at a later date on it, cheers