Derek Frazier shares and explains his ideas and process of decision making behind cyclitecnical trading. Please like and comment.

Nasdaq update: Big selling day

Sep 6, 2022

waiting for a weak 40 day trough to arrive, but it may not be evident with this selling
break above value area high of today is a long
below 11900 seems to be dangerous for longs
seems that it didnt move after -1000 NYSE ticks all day
largest volume in 7 months
suggests a move higher tomorrow morning
rallying to the value area high and failing to get above in the first 90 minutes will probably find sellers going into mid week.
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