Listen now (1 min) | 1736 cat
1sep22 925 cst i wasnt joining the rally and didnt see it as a trade opportunity
1sep22 0535 cst - same setup as before. failed 10 day cycle low, 80 day cycle in the past. looking to go to 11800 on volume this morning. Other possibility is the 10 day trough still hasn't arrived. highly unlikely, but it cant be ruled out with a new month starting. Watch volume and how the competing algos from yesterday, work. Yesterday's washing the tape with buys and sells did nothing but prove that 12500 is too expensive.
1853 cst new info received about status and phasing of the 10 day trough. this trade idea is no longer something to hold more than breakeven
1834 cst if weve seen the 10 day trough already... thats bearish
1824 cst 12255 stop 11875 target
1812 cst tricky market but we have an 80 day cycle projection still open
1745 cst moving back into yesterday's range is prohibited, this trade will go to breakeven quickly
1740 cst NASDAQ remains a tricky market to trade energy was perhaps the better play but I felt it necessary to go through another full trading cycle and nasdaq. Honestly it's still August and it's the last day of the year and today's trading doesn't mean anything apparently it could be the the 10-day trough has already happened in the last 2 days and that we are experiencing a failure that's going to take NASDAQ down through 12,000 and much lower right away. Or there is a bottoming process that happens within the next 18 hours.