Discover more from Advised Trader
850 cst: market is quite erratic
947 cst: It has been down for weeks. Its probable that the rally occurs with intensity. Sufficient stocks are positive today.
951 cst: the market is trying to establish a level, it is just a pullback in a bullish 40 day cycle up trend
952 cst: this is going to move to 12500 if it rallies so obviously like this. The algo has positioned the market here for buyers. It is their job to show their bias here.
1120 cst pullback -
1159 cst buying algo stronger again
1220 cst after a small stop run down there is an entry again at 163
1820 cst I have reason to believe the 40-day cycle is in the bottoming process in NASDAQ after extended selling. The sharp up move that we're experiencing is secondary to a larger more liquid seller ARRIVING at later times and higher prices AND SOON. For now try to enjoy a pullback long as NASDAQ finds the peak of this 40 day cycle. Surely a few up days will commence with DEEP pullbacks.